Part1 2019

a) State five (5) characteristics of non-current assets. (10 marks) b) Elaborate the accounting concepts related to the following situations i. Personal medical insurance paid by Ms. Nicole is not recorded in the business book. ii. Mia Petals Financial Report is prepared for transactions that take place from 1 May 2017 to 30 April 2018. (10 marks) (20 marks, 2019 Q1) A. Ref:

a) Explain the meaning of "equity" in the context of a company. (5 marks) b) Discuss five (5) differences of a sole proprietorship and a partnership. (15 marks) (20 marks, 2019 Q2) A. Ref:

On 1 April 2016, Syarikat Juice Buzz bought a RM24,000 machine. On 1 January 2017, the company bought another RM28,000 machine. The machine depreciation rate for machine is 20% on cost (the depreciation is calculated based on the monthly usage of the machine). In December 2018, the machine purchased in 2016 was old for RM17,000. The Syarikat Juice Buzz's financial year ends on 31 December. Prepare the following accounts for 3 years until 31 December 2018: (a) Machinery account. (b) Accumulated depreciation account for machinery. (20 marks, 2019 Q3) A. Ref:

(20 marks, 2019 Q4) A. Ref:

(20 marks, 2019 Q5) A. Ref:

(20 marks, 2019 Q6) A. Ref:

Cash Account of Puan Rosma, who is the owner of Perniagaan Blackpurple shows a debit balance of RM13,800 on 30 October 2018. Bank statements on the same date show different balances. The differences are as follows: i. Two cheques issued to accounts payable amounting to RM4,200 have not been presented for payment. ii. A deposit of RM4,920 has not been credited by the bank. iii. Interest on fixed deposits of RM1,760 is credited directly to the current account. iv. Returned cheque by the bank amounting to RM2,200. v. The Bank has credited Mrs Rosma's account with a dividend of RM760. vi. The Bank has charged RM50 for the cheque book. Prepare a Bank Reconciliation Statement on 31 October 2018. (20 marks, 2019 Q7) A. Ref:

i) Sales ii) Cost of Sales iii) Percentage of net profit on Sales iv) Inventory turnover rate (20 marks, 2019 Q8) A. Ref:

Q. a) Describe the two (2) following methods to control inflation: i. Monetary Policy. (5 marks) ii. Fiscal Policy. (5 marks) b) Explain the difference between macroeconomics and microeconomics. (10 marks) (20 marks, 2019 Q1) A. Ref:

Q. a) Explain the mechanism of government intervention in stabilizing the economy. (10 marks) b) Describe the difference between Domestic Trade and International Trade. (10 marks) (20 marks, 2019 Q2) A. Ref:

Q. a) Explain the following causes of inflation. i. Demand-pull inflation. (5 marks) ii. Cost-push inflation. (5 marks) b) Explain the following terms in the context of market structure. i. Monopoly. (5 marks) ii. Oligopoly. (5 marks) (20 marks, 2019 Q3) A. Ref:

Q. a) Explain the difference between deflation and inflation. (10 marks) b) "Government intervention in the economy can lower the price of goods". Explain. (10 marks) (20 marks, 2019 Q4) A. Ref:

Q. Describe four (4) characteristics that differentiate free economic system and central planned economic system. (20 marks, 2019 Q5) A. Ref:

Q. a) Explain the difference between firm and industry. (10 marks) b) Show the equilibrium position of a firm and industry under perfect competition in short-run and long-run. (10 marks) (20 marks, 2019 Q6) A. Ref:

Q. a) Describe the different types of money and its functions. (10 marks) b) Explain the difference between Current Deposits and Saving Deposits. (10 marks) (20 marks, 2019 Q7) A. Ref:

Q. Describe four (4) main roles of the Central Bank of Malaysia. (20 marks, 2019 Q8) A. Ref:

Q. a) Explain the development stages of a construction project. (13 marks) b) Describe the following roles in the development of a construction project: i. Developer ii. Contractor iii. Consultant (12 marks) (25 marks, 2019 Q1) A. Ref:

Q. a) Define the term 'load bearing structure' and 'frame structure'. State the differences between these two (2) structures. (15 marks) b) Concrete is usually used to construct a building structure rather than timber. Explain. (10 marks) (25 marks, 2019 Q2) A. Ref:

Q. a) Continuous vertical joints must be avoided in brick works bonding. Explain. (10 marks) b) Using diagrams, differentiate the following types of brick bonding: i. Stretcher and Header Bond ii. English Bond and English Garden Wall iii. Flemish Bond and Flemish Garden Wall (15 marks) (25 marks, 2019 Q3) A. Ref:

Q. a) State four (4) general principles of window design. (10 marks) b) Using sketches, explain the types of window based on the methods of opening. (15 marks) (25 marks, 2019 Q4) A. Ref:

Q. a) Using sketches, describe the differences between fixed ceiling and suspended ceiling. (15 marks) b) Explain five (5) types of ceiling finishes normally used for suspended ceiling. (10 marks) (25 marks, 2019 Q5) A. Ref:

Q. a) Define concrete. State the functions of each material used in concrete mix. (10 marks) b) Clarify workability of concrete. Explain the factors influencing the workability of concrete. (15 marks) (25 marks, 2019 Q6) A. Ref:

Q. a) Explain the factors to be considered in the selecting floor finishes. (10 marks) b) Suggest and give reasons for selecting the types of floor finishes suitable for the following areas: i. Living area ii. Kitchen iii. Bedroom iv. Porch (15 marks) (25 marks, 2019 Q7) A. Ref:

Q. a) Explain the principle of " Rebus Sic Stantibus " in carrying out valuation for the purpose of rating for a local authority. (15 marks) b) "Are Federal Government buildings subject to the payment of rates under the Local Government Act 1976?" Explain. (10 marks) (25 marks, 2019 Q1) A. Ref:

Q. The National Budget for the year 2019 has reviewed items on Stamp Duty and Real Property Gains Tax. There were also clauses regarding a moratorium period in their implementations. Explain the matters that have been approved by Parliament pertaining to these issues and the rates that have been proposed. (25 marks, 2019 Q2) A. Ref:

Q. a) Lot 456, Section 5, Town of Kuala Lumpur with the land area of 20,000 square feet is zoned for commercial use with the plot ration of 1:7.0 and plinth area of 60%. The owner has proposals for a building with a built-up area of 250,000 square feet and 150 car parking bays. Due to the location of the lot close to a MRT Station it is classified as a TOD development and therefore gets a relief of 50% for the car parking bay requirement. The Development Charge imposed by DBKL is at RM15.00 per square foot for every additional square foot floor area and RM60,000 for every shortfall of car parking bay. Calculate the development charge levy if the proposed development is granted planning permission. (15 marks) b) With examples explains another two (2) situations where Development Charge may be levied other than 3 (a). (10 marks) (25 marks, 2019 Q3) A. Ref:

Q. i. A planning application by Encik Yusof to develop his land has been rejected on the grounds that the land is zoned for public purpose. His appeal has also been rejected. ii. Encik Chong has received a stop work order from the local planning authority for his development which has been granted a planning permission. A new condition has been imposed with requires him to reduce the built-up area from 500,000 square feet to 400,000 square feet due to objections by neighbouring lot owners. Encik Chong disagrees with the new terms as it will affect the viability of the project. His appeal on this matter has also been rejected. Discuss the actions that can be taken by Encik Yusof and Encik Chong with reference to the Town and Country Planning Act 1976 (Act 172). (25 marks, 2019 Q4) A. Ref:

Q. Encik Ali owns two (2) pieces of land in Malaysia. He plans to develop the land as follows: i. Lot 222 has a title in perpetuity with an agricultural category of land use and a total land area of 10 acres. This lot will be developed into a housing scheme comprising 120 units of single storey terrace houses and 10 units of double storey shop houses. ii. Lot 345 has a leasehold title with a remaining tenure of 20 years. The category of land use is building for commercial use and the total land area is 35,000 square feet. This lot is to be developed with a retail block and office. Encik Ali will apply for a new lease of 99 years. With reference to any State Land Rules: a) Calculate the premium or additional premium for the above lots. (10 marks) b) Explain the procedure involved for these cases. (15 marks) (25 marks, 2019 Q5) A. Ref:

Q. a) With reference to the Income Tax Act 1967, explain the following: i. Chargeable Income ii. Capital Allowance (6 marks) b) State two (2) conditions that need to be fulfilled by Malaysian Residents in order to pay income tax for the year of assessment 2018. (5 marks) c) State eight (8) reliefs that can be claimed for the year of assessment 2018. (8 marks) d) Explain the income tax rates for firms/corporations for the year of assessment 2018. (6 marks) (25 marks, 2019 Q6) A. Ref:

Q. Velerom Sdn Bhd was a controlled Real Estate company formed on 1 March 2015 with the paid up capital of 200,000 ordinary shares of RM1 per share unit. Hany Enterprise owned 40,000 share units in the company. On 1 January 2017, Velerom Sdn Bhd acquired an interest in real property worth RM700,000. On that date, the total tangible a of the company was worth RM1,500,000. On 1 June 2017, Hany Enterprise acquired an additional 20,000 share units from another shareholder at RM80,000. Given that the property was situated close to a newly developed business centre, Velerom Sdn Bhd had the property revalued. At the same time, the company had increased its paid up capital to 300,000 share units. From the excess reserve realised through the revaluation, 100,000 units were issued in the form of bonus shares to existing shareholders. Of this Hany Enterprise received 20,000 share units on 1 Jan 2018. On 1 March 2018, Hany Enterprise sold 40,000 share units at RM250,000 and followed with an...

Q. a) Explain three (3) marketing concepts adopted by organisations to carry out their marketing strategies. (15 marks) b) Explain the role of marketing in a company's strategic planning to create and deliver customer value. (10 marks) (25 marks, 2019 Q1) A. Ref:

Q. a) Determine the four (4) variable groups known as "four Ps" for marketing mix used by the organisation to carry out its marketing strategies. (5 marks) b) With the use of examples in relation to the marketing of residential properties, explain how two (2) variables of marketing mix are used in the development of marketing strategies that meet the customers' need. (20 marks) (25 marks, 2019 Q2) A. Ref:

Q. a) Explain the five (5) product levels within the customer value hierarchy. (10 marks) b) Discuss the various stages of new product development by using a residential property development as an example. (15 marks) (25 marks, 2019 Q3) A. Ref:

Q. a) Elaborate on two (2) bases/variables for property purchasers market segment. (10 marks) b) Explain the market-targeting strategies that firms can choose after identifying the best market segment. (15 marks) (25 marks, 2019 Q4) A. Ref:

Q. a) Discuss two (2) elements of a company's internal environment and how each may affect a company's marketing operation. (10 marks) b) Discuss three (3) variables within the company's micro environment and how they affect its marketing activities. (15 marks) (25 marks, 2019 Q5) A. Ref:

Q. a) Elaborate on the pricing strategies for a new product during the introductory stage. (15 marks) b) Explain the difference between value-based pricing and cost-based pricing. (10 marks) (25 marks, 2019 Q6) A. Ref:

Q. a) As marketing companies move away from mass marketing towards target marketing, firms are focusing on the buyers who have greater interest in the values they create best. Discuss the steps in designing a customer-driven marketing strategy. (10 marks) b) Discuss three (3) advantages of marketing segmentation in the development of a customer-driven marketing strategy. (15 marks) (25 marks, 2019 Q7) A. Ref:

Q. A promise is not binding, unless it is sealed. State the main elements of a contract. (20 marks, 2019 Q1) A. Ref:

Q. With relevant examples, describe the various sources of Malaysian law. (20 marks, 2019 Q2) A. Ref:

Q. Explain the structure and function of legislation in Malaysia. (20 marks, 2019 Q3) A. Ref:

Q. Sufian received a notice requiring abatement of nuisance under Section 87, Street, Drainage and Building Act 1974 (Act 133), but intentionally do not comply with the notice. State the nuisance orders which may apply to him. (20 marks, 2019 Q4) A. This is a new question - never been asked in the last 5 years or more. Hence, the summary of this answer is to give a background of S.87 of the Street, Drainage and Building Act, 1974 and then, later on answer the question in the correct manner relating to the "Nuisance Order". Section 87 of Street, Drainage & Building Act 1974 is extracted below: Notice requiring abatement of nuisance (1) On receipt of any information respecting the existence of a nuisance liable to be dealt with summarily under this Act, the local authority shall, if satisfied of the existence of a nuisance, serve a notice on the person by whose act, default or sufferance the nuisance arises or continues or, if such person cannot be found, on th...

Q. Part VII; Disciplinary and Other Proceedings of Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (Act 242), provides that the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEAP) may find a Registered Estate Agent guilty of professional misconduct. State the orders that the BOVAEAP may impose on him. (20 marks, 2019 Q5) A. Ref:

Q. With reference to the Arbitration Act 2005 (Act 646) as at 1 November 2018, state five (5) circumstances in which an award can be set aside by the High Court pursuant to Section 37 Act 646. (20 marks, 2019 Q6) A. Ref:

Q. Discuss the restrictions of the practice of real estate agents in accordance to Section 22C of Valuers, Appraisers, Estate Agents and Property Managers Act 1981 (Act 242). (20 marks, 2019 Q7) A. Ref:

Q "All our clients were influenced by the promises made by the ABC Company and made full cash payments to ABC after both sides of ABC and the customer signed the construction agreement. The construction agreement clearly states that within 10 months from the date of the agreement, ABC will complete the house. Unfortunately, no construction work is yet to commence. The ABC continues to give excuses for the delay. We believe that ABC has made a misrepresentation by giving a false impression of the capabilities of ABC and we also believe that ABC had no intention to complete the construction work." Based on the above situation, state the definition and criteria of misrepresentation. (20 marks, 2019 Q8) A. Ref: