Which of the following costs should be included in the valuation of inventory of finished goods held by a manufacturing company, in accordance with IAS 2 Inventories?(1) Import duties on raw materials(2) Materials wasted in the production process that exceed normal losses(3) Finance department costs relating to the payroll for production employees.

1 .Where should dividends paid be shown in a company’s published financial statements?

A In the statement of other comprehensive income B In the statement of financial position C In the statement of changes in equity D In profit or loss

题型: 单选题 提问时间: 2021-08-22

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2 .Who is responsible for the preparation and presentation of the annual financial statements of a limited liability company?

A Audit committee B Board of directors C Finance director D Independent auditor

题型: 单选题 提问时间: 2021-08-22

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3 .Which ONE of the following characteristics of financial information contributes to the qualitative characteristic of relevance, according to the IASB’s “Framework for the Preparation and Presentation of Financial Statements”?

A Prudence B Neutrality C Materiality D Faithful representation

题型: 单选题 提问时间: 2021-08-22

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4 .Which of the following items may appear in a company’s statement of changes in equity, according to IAS 1 “Presentation of Financial Statements”?(1) Unrealised revaluation gains.(2) Dividends paid.(3) Proceeds of equity share issue.(4) Profit for the period.

A 1, 2 and 4 only B 1, 3 and 4 only C 2, 3 and 4 only D All four items

题型: 单选题 提问时间: 2021-08-22

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6 .Exco sells washing machines with a mark-up of 20%. It also sells with each machine a three-year extended warranty for USD100. Exco offers a 5% discount if the customer pays in cash.If the cost of a washing machine is $1,000 how much revenue should be recognised initially for a cash sale in accordance with IAS 18 “Revenue” (to the nearest $)?

A USD1,140 B USD1,188 C USD1,200 D USD1,235

题型: 单选题 提问时间: 2021-08-22

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7 .Alberta has the following research and development activities in the year to 31 December 2011:(1) Carried out detailed investigative work for a new manufacturing process incurring costs of USD150,000. Tests were still in progress at the end of the year. (2) Bought a patented design for a product costing USD200,000. (3) Training staff to operate new machinery USD100,000. (4) Development of a new brand costing USD240,000. How much should Alberta recognise in its statement of financial position at 31 December 2011 in accordance with IAS 38 “Intangible Assets”?

A USD200,000 B USD300,000 C USD390,000 D USD440,000

题型: 单选题 提问时间: 2021-08-22

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8 .Which of the following events after the reporting period would NOT normally qualify as adjusting events according to IAS 10 “Events After the Reporting Period”?(1) The liquidation of a customer with a debt outstanding at the end of the reporting period.(2) A decline in the market value of investments.(3) The declaration of a final dividend on ordinary shares.(4) The determination of the production cost of inventory manufactured before the end of the reporting period.

A 1 and 2 only B 2 and 3 only C 3 and 4 only D 1 and 4 only

题型: 单选题 提问时间: 2021-08-22

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9 .Which of the following statements concerning consolidated financial statements prepared in accordance with International Financial Reporting Standards is correct? (1)Only the acquisition method can be applied to a business combination(2)There are no grounds on which a subsidiary can be excluded from consolidation(3)Owning 50% of voting rights is sufficient to establish control(4)A parent company preparing consolidated financial statements is not required to present separate financial statements.

A 1, 2 and 3 only B 1, 2 and 4 only C 1, 3 and 4 only D 2, 3 and 4 only

题型: 单选题 提问时间: 2021-08-22

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