FREE ACCA Strategic Professional Level Questions and Answers

Question 1

In strategic leadership, which of the following best describes transformational leadership?

Accepted Answer

Inspires and motivates employees toward long-term vision

Answer

Focuses solely on short-term goals

Answer

Encourages employees to follow established routines

Answer

Emphasizes strict compliance with company policies

Question 2

Which accounting standard governs the treatment of revenue in financial statements?

Accepted Answer

IFRS 15

Answer

IAS 16

Answer

IFRS 9

Answer

IAS 1

Question 3

In the context of business strategy, what does a SWOT analysis evaluate?

Accepted Answer

Internal and external factors affecting the business

Answer

Key performance indicators

Answer

Only external opportunities and threats

Answer

Market trends

Question 4

What is the main objective of hedge accounting under IFRS 9?

Accepted Answer

To align accounting treatment with risk management objectives

Answer

To reduce reporting complexity

Answer

To eliminate risk exposure entirely

Answer

To simplify derivative valuation

Question 5

What is the primary purpose of a balanced scorecard in performance management?

Accepted Answer

To provide a comprehensive view of organizational performance

Answer

To focus solely on financial metrics

Answer

To evaluate non-financial metrics only

Answer

To set annual budgets