(c) Explain the term ‘target costing’ and how it may be applied by GWCC. Briefly discuss any potential

limitations in its application. (8 marks)

[试题](b) Explain the meaning of the term ‘Efficient Market Hypothesis’ and discuss the implications for a company ifthe stock market on which it is listed has been found to be semi-strong form. efficient. (9 marks)

[试题](d) Explain the term ‘environmental management accounting’ and the benefits that may accrue to organisationswhich adopt it. (4 marks)

[试题]4 (a) Explain the meaning of the term ‘working capital cycle’ for a trading company. (4 marks)

[试题]2 (a) Explain the term ‘backflush accounting’ and the circumstances in which its use would be appropriate.(6 marks)

[试题]6 (a) Explain the term ‘money laundering’. (3 marks)

[试题](c) Explain the benefits of performance-related pay in rewarding directors and critically evaluate the implicationsof the package offered to Choo Wang. (8 marks)

[试题](c) Explain the reasons for the concerns of the government of Happyland with companies such as TMC andadvise the directors of a strategy that might be considered in order to avoid being subject to any forthcominglegislation concerning the environment.

[试题](c) Calculate and explain the amount of income tax relief that Gerard will obtain in respect of the pensioncontributions he proposes to make in the tax year 2007/08 and contrast this with how his position could beimproved by delaying some of the contr

[试题](c) Explain how the introduction of an ERPS could impact on the role of management accountants. (5 marks)

[试题](c) Explain what ‘fiduciary responsibility’ means and construct the case for broadening the football club board’sfiduciary responsibility in this case. (7 marks)