UEH Tổng hợp 11 chương trắc nghiệm lms kế toán quốc tế 1

UEH Tổng hợp 11 chương trắc nghiệm lms kế toán quốc tế 1. Tổng hợp rất nhiều đề LMS của môn. Môn này học cần luyện tập làm trắc nghiệm nhiều trước. Đề thi khá sát với những gì được học và ôn qua các file trắc nghiệm mình đăng tải.

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Bắt đầu vào lúc Thứ năm, 14 Tháng mười 2021, 11:02 PM

State Finished

Kết thúc lúc Thứ năm, 14 Tháng mười 2021, 11:14 PM

Thời gian thực hiện 11 phút 45 giây

Điểm 10,00 out of 10,00 (100%)

Câu Hỏi 1 Hoàn thành Đạt điểm 1,00 trên 1,00

Which of the following measurement base(s) should be used by an entity according to the conceptual

framework for nancial reporting?

31191027031 - Dương Thị Lan Phương

Nhà của tôi  Các khoá học của tôi  Khoa Kế toán  Bộ môn Kế toán tài chính  KẾ TOÁN QUỐC TẾ 1- DH45KI003- GV.Đ.T.K.THOA (11.10 - 29.11.2021)  Topic 1 - Conceptual Framework  Quizzes - Topic 1

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Which of the following statements in relation to income is true?

Select one:

a.Gains and revenue are di erent in nature and therefore are recognised as separate elements of the

nancial statements per the conceptual framework

b.Gains are normally reported separately from revenue in the Statement of pro t or loss and other

comprehensive income due to the di erent probabilities attached to that type of income

c.The conceptual framework de nes income as an increase in economic bene ts which results in an

increase in equity

d.The conceptual framework requires that all items of income are reported on a net basis

Comparability is identi ed as an enhancing qualitative characteristic in the IASB's Conceptual Framework for

Financial Reporting Which of the following does NOT improve comparability?

Select one:

a.Restating the nancial statements of previous years when there has been a change of accounting policy

b.Applying an entity's current accounting policy to a transaction which an entity has not engaged in

before

c.Prohibiting changes of accounting policy unless required by an IFRS or to give more relevant and

reliable information

d.Disclosing discontinued operations in nancial statements

Which one of the following would be classi ed as a liability?

Select one:

a.Dexter's business manufactures a product under licence In 12 months' time the licence expires and

Dexter will have to pay $50,000 for it to be renewed

b.Carter has estimated the tax charge on its pro ts for the year just ended as $165,000

c.Reckless purchased an investment 9 months ago for $120,000 The market for these investments has

now fallen and Reckless's investment is valued at $90,000

Revenue và gain thuộc income: a particular type of increase in economic benefits that arises in the course of ordinary activities in the form of inflows or enhancements of assets or decreases

in liabilities and results in an increase in equity

đây là định nghĩa của revenue, nma cx thiếu

accrual

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Which of the following statements is incorrect in relation to the recognition criteria for elements of the

nancial statements?

Select one:

a.Assets are recognised when it is probable that future economic bene ts will ow to the entity and the

asset has a cost or value that can be measured reliably

b.Liabilities are recognised when it is probable that an out ow of resources embodying economic

bene ts will result from the settlement of a present obligation and the amount at which settlement will

take place can be measured reliably

c.Because equity is the arithmetic di erence between assets and liabilities, a separate recognition criteria

for equity is not needed in the conceptual framework

d.Income is recognised when an increase in future economic bene ts related to a decrease in an asset or

an increase in a liability that has arisen can be measured reliably

Which of the following is a possible advantage of a rules-based system of nancial reporting?

Select one:

a.It encourages the exercise of professional judgement

b.It ensures that no standards con ict with each other

c.It o ers accountants more protection in the event of litigation

d.It prevents a re- ghting approach to the formulation of standards

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The conceptual framework for nancial reporting lists the qualitative characteristics of nancial statements.

(i) Comparability;(ii) Veri ability;(iii) Timeliness;(iv) Understandability;(v) Relevance;(vi) Faithful

representation Which two of the above are not included in the enhancing qualitative characteristics listed

by the conceptual framework?

Which of the following accounting treatments correctly applies the principle of faithful representation?

Select one:

a.Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with

0% (interest free) nance

b.Reporting a transaction based on its legal status rather than its economic substance

c.Recording the whole of the net proceeds from the issue of a loan note which is potentially convertible

to equity shares as debt (liability)

d.Excluding a subsidiary from consolidation because its activities are not compatible with those of the

rest of the group

Which of the bodies listed below is responsible for revewing International Accounting Standards and issuing

guidance on their application?

Select one:

a.IFRS Advisory Council

b.IFRS Intepretation Committee

c.IFRS Foundation

Income is recognised when an increase in future economic beneêts related

to a decrease in an asset or

an increase in a liability that has arisen can be measured reliably.

Income is recognised when an increase in future economic beneêts related

to a decrease in an asset or

an increase in a liability that has arisen can be measured reliably.

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Which of the following best describes the role of the IFRS Advisory Coucil?

Select one:

a.To select the members of the IASB

b.To prepare intepretations of International Accounting Standards

c.To promote the use of International Accounting Standards amongst its members

d.To provide the IASB with the views of its members on standard setting projects

◄ Nộp bài tập topic 1 Chuyển tới

vd1-b1 ►

IFRS foundation

IFRS Interpretation Committee

IASB

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Bắt đầu vào lúc Thứ hai, 29 Tháng mười một 2021, 4:19 PM

State Finished

Kết thúc lúc Thứ hai, 29 Tháng mười một 2021, 4:21 PM

Thời gian thực hiện 2 phút 9 giây

Điểm 10,00 out of 10,00 (100%)

The example of a current liability is

Select one:

a.Trade payable with payment deferred beyond 1 year

b.Long-term loan that became payable due to breach of covenants The bank does NOT require

immediate repayment and agrees with the original repayment schedule

c.Provision for warranty repairs within the second year of guarantee after sale

d.Deferred tax liability

IAS 1 permits to present expenses in the statement of pro t or loss and other comprehensive income in the

classi cation

Select one:

a.By segment and by nature

b.By function and by nature

c.By segment and by function

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Which of the following companies is a going concern?

Select one:

a.A bank su ers in the mortgage crash and a state refuses to bail it out

b.A trading company is in serious liquidity problems and a court granted an order to repay debt of CU 1

000 000 to a creditor immediately The company must sell its assets in order to settle this liability

c.State-owned company runs out of cash and is not able to repay its liabilities and salaries on time

According to applicable laws, the state must provide a low-interest loan to this company

d.Oil and gas company operating in Egypt has just received a court order to close the factory and stop all

operations in Egypt within 1 year

Dividends paid to ordinary shareholders shall be presented:

Select one:

a.In the statement of changes in equity as a decrease in equity

b.In the statement of pro t or loss as other operating expense

c.In the statement of other comprehensive income as a decrease in equity

d.In the statement of pro t or loss as a nancial expense

What components shall a complete set of nancial statements include?

Select one:

a.Statement of nancial position, statement of other comprehensive income, statement of changes in

equity, statement of cash ows, directors report

b.Statement of nancial position, income statement, statement of changes in equity, statement of cash

ows, accounting policies and notes, annual report

c.Statement of nancial position, statement of comprehensive income, statement of changes in equity,

statement of cash ows, annual report

d.Statement of nancial position, statement of pro t or loss and other comprehensive income, statement

of changes in equity, statement of cash ows, accounting policies and notes

bảo lãnh

lệnh của toà án

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A company presented its expenses in the pro t or loss as follows: cost of sales, administrative expenses,

marketing expenses, distribution expenses and other expenses This presentation is:

The example of a non-current asset is:

Select one:

a.Government bond repayable in 3 months

b.Deferred tax asset

c.Inventories with long production and completion times

d.Trade receivable

A manufacturing company recognized a valuation provision to inventories due to their obsolescence Does

IAS 1 allow o setting inventory valuation provision against inventory balance in the statement of nancial

c.Yes, because IAS 1 speci cally says that this situation is not o setting

d.No, because IAS 1 states that assets and liabilities shall not be o set

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The example of a current asset is:

Select one:

a.Deferred tax asset

b.Trade receivable with payment deferred beyond 1 year

c.Inventories with quick turnover

d.Available-for-sale nancial assets

What identi cation information does NOT need to be presented on the face of the nancial statements

Select one:

a.Whether the nancial statements are individual or group

b.The presentation currency and the level of rounding

c.Date of the end of the reporting period or the period covered by the set of nancial statements or notes

d.Date of preparation of the nancial statements

◄ Topic 6- Exercises

Chuyển tới

Topic 7 - Lecture Note - ppt ►

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Bắt đầu vào lúc Thứ sáu, 15 Tháng mười 2021, 4:29 PM

Changing the method of inventory valuation should be reported in the nancial statements under what

qualitative characteristic of accounting information?

a.Timeliness

b.Consistency

c.Veri ability

d.Comparability

Which of the following is not true concerning a conceptual framework in accounting?

a.It should be a basis for standard-setting

b.It should allow practical problems to be solved more quickly by reference to it

c.It should be based on fundamental truths that are derived from the laws of nature

31191025692 - Nguyễn Thị Thu Mai

Nhà của tôi  Các khoá học của tôi  Khoa Kế toán  Bộ môn Kế toán tài chính  KTQTE1-K45-KIC01-S3-NXH  Topic 1 Conceptual Framework  Quizzes - Topic 1

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-Which of the following basic elements of nancial statements is more associated with the statement of

nancial position than the income statement?

a.Gains

b.Income

c.Equity

d.Expenses

What is the objective of general-purpose nancial reporting?

a.to provide companies with the option to select information that favors one set of interested parties

over another

b.to provide nancial information about the reporting entity that is useful to present and potential equity

investors, lenders, and other creditors in making decisions in their capacity as capital providers

c

to provide users with nancial information that implies total freedom from error

d.to provide a metric for nancial information used to determine when the boundary between two or

more entities should be disregarded and the entities considered to be a licensing arrangement

Which of the following measurement base(s) should be used by an entity according to the conceptual

framework for nancial reporting?

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Which of the following is a fundamental quality of useful accounting information?

a.Comparability

b.Conservatism

c.Consistency

d.Faithful representation

The conceptual framework for nancial reporting lists the qualitative characteristics of nancial statements

(i) Comparability;(ii) Veri ability;(iii) Timeliness;(iv) Understandability;(v) Relevance;(vi) Faithful

representation Which two of the above are not included in the enhancing qualitative characteristics listed

by the conceptual framework?

What is a purpose of having a conceptual framework?

a.To make sure that economic activity can be identi ed with a particular legal entity

b.To segregate activities among competing companies

c.To enable the profession to more quickly solve emerging practical problems and to provide a

foundation from which to build more useful standards

d.To provide comparable information for di erent companies

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Which of the following accounting treatments correctly applies the principle of faithful representation?

Select one:

a.Excluding a subsidiary from consolidation because its activities are not compatible with those of the

rest of the group

b.Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold

with 0% (interest free) nance

c.Recording the whole of the net proceeds from the issue of a loan note which is potentially convertible

to equity shares as debt (liability)

d.Reporting a transaction based on its legal status rather than its economic substance

Which of the following statements is incorrect in relation to the recognition criteria for elements of the

nancial statements?

Select one:

a.Income is recognised when an increase in future economic bene ts related to a decrease in an asset or

an increase in a liability that has arisen can be measured reliably

b.Because equity is the arithmetic di erence between assets and liabilities, a separate recognition

criteria for equity is not needed in the conceptual framework

c.Liabilities are recognised when it is probable that an out ow of resources embodying economic

bene ts will result from the settlement of a present obligation and the amount at which settlement will

take place can be measured reliably

d.Assets are recognised when it is probable that future economic bene ts will ow to the entity and the

asset has a cost or value that can be measured reliably

Which of the bodies listed below is responsible for revewing International Accounting Standards and issuing

guidance on their application?

Select one:

a.International Accounting Standards Board

b.IFRS Intepretation Committee

c.IFRS Foundation

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Which of the following statements in relation to income is true?

Select one:

a.Gains and revenue are di erent in nature and therefore are recognised as separate elements of the

nancial statements per the conceptual framework

b.The conceptual framework de nes income as an increase in economic bene ts which results in an

increase in equity

c.Gains are normally reported separately from revenue in the Statement of pro t or loss and other

comprehensive income due to the di erent probabilities attached to that type of income

d.The conceptual framework requires that all items of income are reported on a net basis

Which of the following is a possible advantage of a rules-based system of nancial reporting?

Select one:

a.It o ers accountants more protection in the event of litigation

b.It encourages the exercise of professional judgement

c.It ensures that no standards con ict with each other

d.It prevents a re- ghting approach to the formulation of standards

Comparability is identi ed as an enhancing qualitative characteristic in the IASB's Conceptual Framework

for Financial Reporting Which of the following does NOT improve comparability?

Select one:

a.Restating the nancial statements of previous years when there has been a change of accounting policy

b.Disclosing discontinued operations in nancial statements

c.Applying an entity's current accounting policy to a transaction which an entity has not engaged in

before

d.Prohibiting changes of accounting policy unless required by an IFRS or to give more relevant and

reliable information

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Company A issuing its annual nancial reports within one month of the end of the year is an example of

which enhancing quality of accounting information?

a.Comparability

b.Understandability

c.Veri ability

d.Timeliness

The International Accounting Standards Board’s (IASB’s) Conceptual Framework includes all of the following

Which of the following best describes the role of the IFRS Advisory Coucil?

Select one:

a.To select the members of the IASB

b.To prepare intepretations of International Accounting Standards

c.To provide the IASB with the views of its members on standard setting projects

d.To promote the use of International Accounting Standards amongst its members

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The International Accounting Standards Board’s (IASB’s) Conceptual Framework includes all of the following

except:

a.Elements of nancial statements

b.Qualitative characteristics of accounting information

c

Supplementary information

d.Objective of nancial reporting

What is meant by comparability when discussing nancial accounting information?

a.Information has predictive or feedback value

b.Information that is measured and reported in a similar fashion across companies

c.Information is reasonably free from error

d.Information is timely

Which one of the following would be classi ed as a liability?

Select one:

a.Carter has estimated the tax charge on its pro ts for the year just ended as $165,000

b.Reckless purchased an investment 9 months ago for $120,000 The market for these investments has

now fallen and Reckless's investment is valued at $90,000

c.Dexter's business manufactures a product under licence In 12 months' time the licence expires and

Dexter will have to pay $50,000 for it to be renewed

d.Expansion is planning to invest in new machinery and has been quoted a price of $570,000

◄ Exercise Topic 1

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Bài kiểm tra chủ đề "Bất động sản, nhà xưởng, máy móc, thiết bị" ►

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Câu 1: The framework focuses on

Đáp án D

Câu 2: Inventory has up to

Câu 3: Recognition is the process

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TOPIC 1

1 Which of the following is not true concerning a conceptual framework in accounting?

a.It should be a basis for standard-setting

b.It should allow practical problems to be solved more quickly by reference to it

c.It should be based on fundamental truths that are derived from the laws of nature

d.All of these answers are correct

2 Which of the following basic elements of financial statements is more associated with the statement of financial position than the income statement?

a.International Accounting Standards Board

b.IFRS Interpretation Committee

c.IFRS Foundation

d.IFRS Advisory Council

4 What is a purpose of having a conceptual framework?

a.To provide comparable information for different companies

b.To enable the profession to more quickly solve emerging practical problems and to provide a foundation from which to build more useful standards

c.To segregate activities among competing companies

d.To make sure that economic activity can be identified with a particular legal entity

5 Company A issuing its annual financial reports within one month of the end of the year is

an example of which enhancing quality of accounting information?

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7 What is meant by comparability when discussing financial accounting information?

a.Information has predictive or feedback value

b.Information is reasonably free from error

c.Information is timely

d.Information that is measured and reported in a similar fashion across companies

8 Which one of the following would be classified as a liability?

a.Carter has estimated the tax charge on its profits for the year just ended as $165,000.

b.Reckless purchased an investment 9 months ago for $120,000 The market for these investments has now fallen and Reckless's investment is valued at $90,000.

c.Dexter's business manufactures a product under licence In 12 months' time the licence expires and Dexter will have to pay $50,000 for it to be renewed.

d.Expansion is planning to invest in new machinery and has been quoted a price of $570,000.

9 Comparability is identified as an enhancing qualitative characteristic in the IASB's Conceptual Framework for Financial Reporting Which of the following does NOT improve comparability?

a.Disclosing discontinued operations in financial statements

b.Applying an entity's current accounting policy to a transaction which an entity has not engaged in before

c.Prohibiting changes of accounting policy unless required by an IFRS or to give more relevant and reliable information

d.Restating the financial statements of previous years when there has been a change of accounting policy

10 Which of the following is a possible advantage of a rules-based system of financial reporting?

a.It ensures that no standards conflict with each other

b.It encourages the exercise of professional judgement

c.It prevents a fire-fighting approach to the formulation of standards

d.It offers accountants more protection in the event of litigation

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TOPIC 2: PPE (IAS 16)

1 Which of the following should be disclosed for tangible non-current assets according to IAS

16 Property, plant and equipment?

1/ Depreciation methods used and the total depreciation allocated for the period.

2/ A reconciliation of the carrying amount of non-current assets at the beginning and end of the period.

3/ For revalued assets, whether an independent valuer was involved in the valuation.

4/ For revalued assets, the effective date for the revaluation

on the revaluation surplus reported in the statement of financial position?

a.$88,000

b.$86,000

c.$80,000

d.$85,000

5 Which one of the following would occur if the purchase of computer stationary was debited

to the computer equipment at cost account?

a.An overstatement of profit and an understatement of non-current assets

b.An overstatement of profit and an overstatement of non-current assets

c.An overstatement of profit and an understatement of non-current assets

d.An understatement of profit and an overstatement of non-current assets

6 What is the purpose of charging depreciation in accounts?

a.To account for the ‘wearing out’ of the asset over its life

depreciation expense before revaluation: 170/20*4 = 34

CA at revaluation = 170 - 34 = 136 Revaluation surplus after 4 years = 210 - 136 = 74

200 - 20 - 25 - 5 = 150

80 + 5 + 1 = 86

ghi thiếu cost => overstate proft và assets

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b.To ensure that funds are available for the eventual replacement of the asset

c.To reduce the cost of the asset in the statement of financial position to its estimated market value

d.To allocate the cost of a non-current asset over the accounting periods expected to benefit from its use

7 A company sells machine B for $50,000 cash on 30 Apr 20X4 Machine B cost $100,000 when it was purchased and has a carrying value of $65,000 at the date of disposal What are the journal entries to record the disposal of machine B?

a Dr Accumulated depreciation: $65,000; Dr Loss on disposal (SPL): $35,000 / Cr Non-current assets – cost: $100,000

b.Dr Accumulated depreciation: $35,000; Dr Cash: $50,000 / Cr Non-current assets – cost: $65,000;

Cr Profit on disposal (SPL): $20,000

c Dr Accumulated depreciation: $35,000; Dr Loss on disposal (SPL): $15,000; Dr Cash: $50,000 /

Cr Non-current assets – cost: $100,000

d.Dr Accumulated depreciation: $35,000; Dr Non-current assets – cost: $65,000 / Cr Profit on disposal (SPL): $50,000; Cr Cash: $50,000

8 Which of the following statements are correct? 1/ IAS 16 Property, plant and equipment requires entities to disclose the purchase date of each asset 2/ The carrying amount of a non-asset is the cost or valuation of that asset less accumulated depreciation 3/ IAS 16 Property, plant and equipment permits entities to make a transfer from the revaluation surplus to retained earnings for excess depreciation on revalued assets 4/ Once decided, the useful life of a non-current asset should not be changed.

a.$5,000

b.$3,000

c.$2,500

d.$2,000

10 Which one of the following statements correctly defines non-current assets?

a.Non-monetary assets without physical substance that are controlled by the entity and from which future benefits are expected to flow

b.Assets which are intended to be used by the business on a continuing basic, including both tangible and intangible assets that do not meet the IASB definition of a current asset

c.Assets in the form of materials or supplies to be consumed in the production process

d.Assets that are held for use in the production of goods or services and are expected to be used during more than one accounting period

(30,000 - 6,000)/48 months*5 months

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Điểm 20,00/20,00 Điểm 10,00 out of 10,00 (100%)

Câu Hỏi 1

Hoàn thành

Đạt điểm 1,00 trên 1,00

Đặt cờ

Đoạn văn câu hỏi

Which of the following should be disclosed for tangible non-current assets according to IAS 16 Property, plant and equipment? 1/ Depreciation methods used and the total depreciation allocated for the period 2/ A reconciliation of the carrying amount of non-current assets at the beginning and end of the period 3/ For revalued assets, whether an independent valuer was involved in the valuation 4/ For revalued assets, the effective date for the revaluation

B acquired a lorry on 1 May 20X0 at a cost of $30,000 The lorry has an estimated useful life of four years, and an estimated resale value at the end of that time of $6,000 B charges

depreciation on the straight line basis, with a proportionate charge in the period of acquisition What will the depreciation charge for the lorry be in B’s accounting period to 30 Sept 20X0? Select one:

a.$3,000

b.$2,500

c.$5,000

Trang 36

The term "depreciable base," or "depreciation base," as it is used in accounting, refers to

a.The total amount to be charged (debited) to expense over an asset's useful life

b.The estimated fair value of the asset at the end of its useful life

c.The cost of the asset less the related depreciation recorded to date

d.The acquisition cost of the asset

Câu Hỏi 4

Hoàn thành

Đặt cờ

Ferguson Company purchased a depreciable asset for $100,000 The estimated residual value

is $10,000, and the estimated useful life is 10 years The straight-line method will be used for depreciation What is the depreciation base of this asset?

a.$90,000

b.$10,000

c.$9,000

d.$100,000

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Câu Hỏi 5

Hoàn thành

Đặt cờ

Plant assets purchased on long-term credit contracts should be accounted for at:

a.The total value of the future payments

b.The future amount of the future payments

c.The present value of the future payments

d.None of these answer choices are correct

Câu Hỏi 6

Hoàn thành

Đặt cờ

Which of the following is not a capital expenditure?

Trang 38

Đặt cờ

The carrying value of a company’s non-current assets was $200,000 at August 20X0 During the year ended 31 Jul 20X1, the company sold non-current assets for $25,000 on which it made

a loss of $5,000 The depreciation charge for the year was $20,000 What was the carrying value of non-current assets at 31 Jul 20X1?

Worthington Chandler Company purchased equipment for $10,000 Sales tax on the purchase was $500 Other costs incurred were freight charges of $200, repairs of $350 for damage during installation, and installation costs of $225 What is the cost of the equipment?

Trang 39

Đặt cờ

Ecker Company purchased a new machine on May 1, 2010 for $176,000 At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $8,000 The company has recorded monthly depreciation using the straight- line method On March 1, 2019, the machine was sold for $24,000 What should be the loss recognized from the sale of the machine?

The sale of a depreciable asset resulting in a loss indicates that the proceeds from the sale were:

a.Less than current fair value

b.Greater than book value

c.Greater than cost

d.Less than book value

Câu Hỏi 11

Hoàn thành

Trang 40

Đặt cờ

W bought a new printing machine The cost of machine was $80,000 The installation cost was

$5,000 and the employees received training on how to use the machine, at a cost of $2,000 Before using the machine to print customer’s order, a test was undertaken and the paper and ink cost $1,000 What should be the cost of the machine in the company’s statement of financial position?

Which one of the following would occur if the purchase of computer stationary was debited to the computer equipment at cost account?

Select one:

a.An overstatement of profit and an overstatement of non-current assets

b.An overstatement of profit and an understatement of non-current assets

c.An understatement of profit and an overstatement of non-current assets

d.An overstatement of profit and an understatement of non-current assets

Câu Hỏi 13

Hoàn thành

Đặt cờ

Tiêu đề	Conceptual Framework, Financial Reporting
Người hướng dẫn	PT. Nguyễn Thị Lan Phương
Trường học	University of Economics Ho Chi Minh City
Chuyên ngành	Kế toán Quốc Tế
Thể loại	Tài liệu trắc nghiệm
Năm xuất bản	2021
Thành phố	Ho Chi Minh City

Định dạng
Số trang	344
Dung lượng	20,24 MB