2024年01月本日更新されたFinancial-Accounting-and-Reporting試験問題集PDF試験エンジン無料！ [Q18-Q39]

2024年01月本日更新されたFinancial-Accounting-and-Reporting試験問題集PDF試験エンジン無料！

こちらには最新版のFinancial-Accounting-and-Reportingリアル試験解答！

質問 # 18
Which one of these concepts suggests that stock prices react to new information almost instantly?

A. incentive substitution
B. efficient market
C. market power
D. bargaining power

正解：B

質問 # 19
Which one of the following is an advantage of current purchasing power accounting?

A. It provides a stable monetary unit that values profit and capital.
B. It provides a clear use of indices which approximates the measurement of value.
C. It supposes that value of net assets clearly reflects general goods and services are bought once assets were released.
D. It enables raw data to be just easily verifiable but not auditable.

正解：A

質問 # 20
Which one of the following reports sets out how directors have run a company and if they implemented proper procedures to deal with matters like accountability, audits, directors' roles and responsibilities, internal controls and relations with shareholders?

A. chairman's statement
B. corporate governance statement
C. director's report
D. corporate social responsibility report

正解：B

質問 # 21
According to the IASB Conceptual Framework, income is an increase in economic benefits in the form of I)inflows.
II)decreases of liabilities.
III)enhancements of assets.
IV)contributions from equity holders.

A. II, III and IV only
B. I, III and IV only
C. I, II and IV only
D. I, II and III only

正解：D

質問 # 22
The body that is part of the international standard-setting framework reporting to the International Financial Reporting Standards Foundation (IFRS Foundation) is the

A. Centre on Transnational Corporations.
B. International Accounting Board.
C. International Accounting Standards Committee.
D. International Accounting Standards Board.

正解：D

質問 # 23
As per the International Accounting Standards Board conceptual framework, which of the following holds the primary responsibility for preparing and presenting financial statements?
I)owners
II)auditors
III)directors

A. I and II only
B. II and III only
C. I only
D. III only

正解：D

質問 # 24
According to the IASB's Conceptual Framework, the key reason general purpose financial statements are produced is to satisfy the information needs of

A. management.
B. internal users.
C. employees.
D. capital providers.

正解：D

質問 # 25
Which one of the following would be included in a statement of financial position?

A. finance costs
B. retained earnings
C. cost of sales
D. proceeds from long term borrowings

正解：B

質問 # 26
Generally accepted accounting practice recognises revenue when

A. cash is received for the goods.
B. customers order goods.
C. goods are dispatched to the customer.
D. goods are produced.

正解：C

質問 # 27
Financial managers will benefit in a strongly efficient market by

A. being able to decide what information needs to be made available to shareholders.
B. having their shareholders be tolerant of low profits if higher profits are expected in the future.
C. being able to take more risks without shareholders' consent.
D. having their shareholders invest more money into expanding the company's operations.

正解：B

質問 # 28
Which of the following are the stated objectives of the International Accounting Standards Board (IASB)?
I)Enforce accounting standards.
II)Develop accounting standards.
III)Work for convergence of accounting standards.

A. I and II only
B. II and III only
C. III only
D. I only

正解：B

質問 # 29
You assumed the role as the Chairperson of the Board of Directors of Daylight Ltd. As you start to write your first directors' report, which one of the following areas are you not required to include in your report?

A. Details regarding any significant changes to Daylight's state of affairs for the year that just ended.
B. Review of operations of Daylight during the year just ended and any likely developments in the future that may impact Daylight.
C. Details of any dividends paid or proposed.
D. Details regarding accounting policies pursued by Daylight in preparation of its financial statements.

正解：D

質問 # 30
What is the difference between positive and normative accounting theories?

A. Positive accounting theory explains what should occur.
B. Normative accounting theory specifies the prediction rules for items.
C. Normative accounting theory predicts what is expected to occur rather than explaining what should occur.
D. Normative accounting theory explains what should occur instead of predicting what is expected to occur.

正解：D

質問 # 31
Which one of the following is a benefit of developing financial reporting standards using a conceptual framework?

A. The financial statements based on these standards would be error-free.
B. The interpretation of non-financial information is made easier.
C. The interpretation of financial reporting standards by anybody would be easy.
D. A financial reporting environment based on standardised principles would be created.

正解：D

質問 # 32
A company sold some old operating equipment from its factory. After depreciation was accounted for, a small gain on sale was recorded. According to the revised IAS 1 Presentation of Financial Statements, this transaction will be shown as a separate item 'gain on sale of equipment'. This item will be shown in the statement of

A. cash flow.
B. changes in equity.
C. financial position.
D. comprehensive income.

正解：D

質問 # 33
Which one of the following examples would not represent an agency cost?

A. the cost of employing an internal auditor
B. the cost of preparing a cost-benefit report for a new project
C. the cost of preparing a financial report for shareholders
D. the cost of engaging an external auditor

正解：B

質問 # 34
Which one of the following bases of measurement is used to implement an approach to capital maintenance based on maintaining the operating capability of a business?

A. current value
B. deprival value
C. current purchasing power
D. fair value

正解：B

質問 # 35
PLO Advertising Ltd (PLO) buys a new stretch limousine for $40 000. A number of individuals have expressed an interest in buying the limousine from PLO for $60 000. The board members decide that the limousine is worth between $65 000 and $70 000. What is the fair value of the limousine?

A. $70 000
B. $65 000
C. $60 000
D. $40 000

正解：C

質問 # 36
The accounting policies used by companies must result in financial reports that are

A. independently audited.
B. signed by the CEO or equivalent.
C. easy to read.
D. comparable with previous years' reports.

正解：D

質問 # 37
In individual countries, Generally Accepted Accounting Principles (GAAP) is primarily a combination of

A. company law, accounting standards, local stock exchange requirements and international accounting standards.
B. national company law and local stock exchange requirements.
C. national company law, national accounting standards and local stock exchange requirements.
D. national company law and national accounting standards.

正解：C

質問 # 38
When business managers seek detailed information about the profitability or efficiency of different parts of their operations, they would find the most useful information in

A. the company's accounting policies.
B. various management accounting reports.
C. the annual financial report.
D. financial statements as specified by IAS 1 Presentation of Financial Statements.

正解：B

質問 # 39
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