SAMPLE - OCR
SAMPLE - OCR
SAMPLE - OCR
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Section B<br />
In Sabrina’s previous job she worked for a large organisation that operated a financial software<br />
package which had been tailor-made for the business. Knowing that Adventura Ltd does not<br />
really require bespoke software, she is instead comparing a number of ‘off-the-shelf’ packages<br />
instead. Being Matt’s supervisor, Sabrina has organised a regular weekly meeting with him to<br />
discuss issues of importance and concern. She values Matt’s input and is including him in the<br />
consideration of the financial software packages. Today the two colleagues are also discussing<br />
the Chancellor’s annual budget speech that is due in the next few weeks. Both are aware of the<br />
impact that a change in taxation rates could have on their individual areas of responsibility within<br />
Adventura Ltd.<br />
Sabrina is also concerned with preparations for next month’s visit by the firm’s auditors Bryce,<br />
Hooper & Hall (BHH). This will be the first real test of her new financial accounting system.<br />
5. Explain how a change in the rate of corporation tax might affect the financial position of<br />
Adventura Ltd.<br />
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6. Explain how an increase in the rate of income tax might affect the cashflow of Adventura<br />
Ltd.<br />
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<strong>OCR</strong> Level 3 Principal Learning in Business, Administration and Finance, Unit F283 Finance and accounting in business (sample)
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