[单选题]
What is the primary objective of general purpose financial statements?
A .To provide financial information to the users of such information
B .To maintain records of assets and liabilities
C .To show the results of management’s stewardship
D .To fulfil statutory requirements
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 .Which of the following statements about accounting concepts are correct?(1) The entity concept requires that a business is treated as being separate from its owners.(2) The prudence concept means that the lowest possible values should be applied to income and assets and the highest possible values to expenses and liabilities.(3) The money measurement concept means that only assets capable of being reliably measured in monetary terms can be included in the financial statements.
A 1 and 2 only B 1 and 3 only C 2 and 3 only D All three statements
题型:
单选题
提问时间:
2021-08-24
2 .Which of the following statements about accounting concepts are correct?(1) The money measurement concept requires all assets and liabilities to be accounted for at original (historical) cost.(2) The substance over form convention means that the economic substance of a transaction should be reflected in the financial statements, not necessarily its legal form.(3) The realisation concept means that profits or gains cannot normally be recognised in profit or loss until realised.(4) The application of the prudence concept means that assets must be understated and liabilities must be overstated in preparing financial statements.
A 1 and 3 B 1 and 4 C 2 and 3 D 2 and 4
题型:
单选题
提问时间:
2021-08-24
3 .Consider the following statements about the IASB’s Conceptual Framework for Financial Reporting (the Conceptual Framework):(1) As it sets out underlying concepts, the Conceptual Framework will not be changed(2) The Conceptual Framework is intended to assist users in interpreting financial statements(3) The Conceptual Framework is an International Financial Reporting StandardWhich of the above statements is/are true?
A 1 only B 2 only C 1 and 2 only D 2 and 3 only
题型:
单选题
提问时间:
2021-08-24
4 .A company includes in inventory goods received before the year end for which invoices are not received until after the year end.Which of the following concepts is the company applying?
A Historical cost B Accruals C Going concern D Substance over form
题型:
单选题
提问时间:
2021-08-24
5 .Which one of the following best describes the objective of management’s stewardship of a company?
A Profit maximisation B Safeguarding cash C Accountability for company’ assets D High dividends for shareholders
题型:
单选题
提问时间:
2021-08-24
7 .Which of the following is the basis on which allowance for depreciation is charged to the statement of profit or loss?
A Accruals B Going concern C Prudence D Historical cost
题型:
单选题
提问时间:
2021-08-24
8 .Consider the following statements:(1) Items are reported in the statement of financial position based on the presumption that the entity will not be required to significantly reduce the scale of its operations(2) Non-current assets are always valued at historical cost in the statement of financial positionWhich of the following is correct?
A Statement (1): Describes the accruals concept; Statement (2): Is true B Statement (1): Describes the going concern concept; Statement (2): Is true C Statement (1): Describes the accruals concept; Statement (2): Is false D Statement (1): Describes the going concern concept; Statement (2): Is fa...
题型:
单选题
提问时间:
2021-08-24
9 .Which of the following statements about accounting concepts and the characteristics of financial information is correct?(1) The concept of substance over form means that the legal form of a transaction must be reflected in financial statements, regardless of the economic substance.(2) Under the recognition concept only items capable of being measured in monetary terms can be recognised in financial statements.(3) It may sometimes be necessary to exclude information that is relevant and reliable from financial statements because it is too difficult for some users to understand.
A 1 only B 2 only C 3 only D None of these statements
题型:
单选题
提问时间:
2021-08-24
10 .Which of the following are necessary characteristics of “faithful representation” of information?(1) Information is free from bias.(2) Information is complete within the bounds of materiality and cost.(3) Information is free from material error.
A 1 and 2 only B 1 and 3 only C 2 and 3 only D 1, 2 and 3
题型:
单选题
提问时间:
2021-08-24
