Which of the following are roles of the IASB?(1) Responsibility for all IFRS technical matters(2) Publication of IFRSs(3) Overall supervision and governance of the IFRS Advisory Council(4) Final approval of interpretations by the IFRS Interpretations Committee
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Muse commences trading on 1 January 2015 and has zero inventories at that date. During 2015 it has purchases of USD455,000, incurs carriage inwards of USD24,000, and carriage outwards of USD29,000. Inventories at 31 December 2015 are valued at USD52,000.Which of the following is the cost of sales figure for the year ended 31 December 2015?
A USD427,000 B USD432,000 C USD456,000 D USD531,000
2 .Sunil started business on 1 December 2014 with cash of USD5,000. He has not yet prepared a full set of financial statements. As at the end of his first year of trading he has cash at bank of USD1,726. He made sales of USD33,498 during the year and paid expenses in cash of USD19,385. He has no outstanding liabilities at the end of the period and has no non-current assets or inventory, but one customer owes him USD2,387.Sunil made no other capital contributions but withdraw cash amounting to USD15,000 in the period.What is Sunil’s profit for the year to 30 November 2015 and his net assets at the end of the period?
A Profit USD11,726; Net assets USD1,726 B Profit USD14,113; Net assets USD4,113 C Profit USD11,726; Net assets USD4,113 D Profit USD14,113; Net assets USD1,726
3 .Randolph started a trading business on 1 May 2015 with capital of USD40,000. In his first year of trading he made a profit of USD117,000, selling goods at a mark-up on cost of 60%. He injected additional capital of USD30,000 in the year and withdrew a monthly amount of USD3,200 for his living expenses. At the end of the year he withdrew all remaining goods inventory with a resale value of USD7,200 for his personal use.What were Randolph’s net assets at 30 April 2016?
A USD141,400 B USD144,100 C USD144,280 D USD179,300
4 .Which one of following formulae may be used to calculate the profit of a business?
A Opening capital – drawings + capital introduced – closing capital B Closing capital + drawings – capital introduced – opening capital C Opening capital + drawings – capital introduced – closing capital D Closing capital – drawings + capital introduced – opening capital
5 .Paul is a sole trader whose accounting records are incomplete. All the sales are cash sales and during the year USD50,000 was banked, including USD5,000 from the sale of a business car. He paid out USD12,000 wages in cash and withdrew USD2,000 per month for his living expenses. Cash in hand at the beginning and end of the year was USD300 and USD400 respectively.What were Paul’s sales for the year?
A USD80,900 B USD81,000 C USD81,100 D USD86,100
7 .Which of the following are stages in the due process of developing a new International Financial Reporting Standard?(1) Issuing a discussion paper that sets out the possible options for a new standard(2) Publishing clarification on the interpretation of an IFRS(3) Drafting an IFRS for public comment(4) Analysing the feedback received on a discussion paper
A 1, 2 and 3 only B 2, 3 and 4 only C 1, 3 and 4 only D 1, 2 and 4 only
8 .Which one of the following sentences is NOT a distinction between financial accounts and management accounts?
A Financial accounts are primarily for external users and management accounts are primarily for internal users B Financial accounts are normally produced annually and management accounts are normally produced monthly C Financial accounts are mandatory whereas management accounts are voluntary D Fina...
9 .Which of the following bodies has responsibility for encouraging global convergence of international financial reporting standards?
A The International Financial Reporting Standards Interpretations Committee B The International Financial Reporting Standards Foundation C The International Accounting Standards Board D The International Accounting Standards Committee
10 .Which of the following items must be disclosed in a company’s published financial statements (including notes) if material, according to IAS 1 “Presentation of Financial Statements”?(1) Finance costs.(2) Staff costs.(3) Depreciation and amortisation expense.(4) Movements on share capital.
A 1 and 3 only B 1, 2 and 4 only C 2, 3 and 4 only D All four items
