Financial-Accounting-and-Reporting試験無料問題集（100題）「CPA Australia CPA Financial Accounting and Reporting 認定」

出題：1

In a stock market that displays strong efficiency, share prices reflect all available

A. information about future expansion plans.

B. public information.

C. public and inside information.

D. information about past changes in share prices.

正解：C 解答を投票する

出題：2

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. III only

B. I and II only

C. II and III only

D. I only

正解：A 解答を投票する

出題：3

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. I, II and IV only

B. I, II and III only

C. I, III and IV only

D. II, III and IV only

正解：B 解答を投票する

出題：4

Historical cost accounting provides financial information that is

A. relevant and reliable for decision making.

B. relevant but may not be reliable for decision making.

C. relevant for decision making.

D. reliable but may not be relevant for decision making.

正解：D 解答を投票する

出題：5

In the context of a regulatory framework, a principles-based system

A. provides a theoretical basis with broad terms of reference.

B. is a rule-driven approach.

C. attempts to cover specific eventualities.

D. removes any element of judgement by providing clear requirements.

正解：A 解答を投票する

出題：6

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. deprival value

B. current value

C. current purchasing power

D. fair value

正解：A 解答を投票する

出題：7

Which one of the following statements differentiates semi-strong form efficiency from strong form efficiency in the context of the efficient market hypothesis?

A. Semi-strong form efficiency addresses operational efficiency whereas strong form efficiency aims to address allocative efficiency.

B. Semi-strong form efficiency does not reflect knowledge whereas strong form efficiency considers knowledge in addition to publicly available information and past price movements.

C. Semi-strong form efficiency reflects all past price movements whereas strong form efficiency reflects future share price movements.

D. Semi-strong form efficiency does not reflect all publicly available information whereas strong form efficiency does incorporate all publicly available information.

正解：B 解答を投票する

出題：8

The International Accounting Standards Board's Conceptual Framework for Financial Reporting for the preparation and presentation of financial statements is concerned with the information needs of most users, but not for each possible user.
Which one of the following stakeholders would not be one of the users that the Conceptual Framework is concerned about?

A. governments and regulatory bodies

B. potential investors in the company

C. a company's executive management

D. members of the public who have small investment holdings in the company

正解：C 解答を投票する

出題：9

Which one of the following includes social reporting guidelines?

A. International Financial Reporting Standards (IFRS)

B. Generally Accepted Accounting Principles (GAAP)

C. Global Reporting Initiative (GRI)

D. International Accounting Standards (IAS)

正解：C 解答を投票する

出題：10

A company purchased a machine 10 years ago for $143 890. It is expected that the machine will generate future revenues of $108 495. The machine could be scrapped for $81 232. An equivalent machine in the same condition would cost $94 950 to buy now. What is the deprival value of the asset?

A. $108 495

B. $81 232

C. $35 395

D. $94 950

正解：D 解答を投票する

Financial-Accounting-and-Reporting試験無料問題集「CPA Australia CPA Financial Accounting and Reporting 認定」