UEH Trắc nghiệm kế toán quốc tế 2 thầy Thiện

UEH rắc nghiệm kế toán quốc tế 2 thầy Thiện. Tổng hợp câu hỏi các chương LMS. 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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6/10/21, 09:15 Bài kiểm tra giữa kỳ online: Attempt review

Bắt đầu vào lúc Chủ nhật, 28 Tháng ba 2021, 7:01 PM

State Finished Kết thúc lúc Chủ nhật, 28 Tháng ba 2021, 8:30 PM Thời gian thực hiện 1 giờ 28 phút

Điểm 76,50 trên tối đa of 100,00

Câu Hỏi 1 Đúng Đạt điểm 2,00 trên 2,00

A company's pro!t after tax for the year to 30 June 2014 was £1m The company's issued share capital

at 1 July 2013 consisted of 2,400,000 ordinary shares of 50p each A further 300,000 shares were issued

at full market price on 1 September 2013 Basic EPS for the year is:

Nhà của tôi " Các khoá học của tôi " Khoa Kế toán " Bộ môn Kế toán quản trị " KTQTE2-KIC01K44-THT " Ngày

9 - Inclass: " Bài kiểm tra giữa kỳ online

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Page 2 of 13 https://lms.ueh.edu.vn/mod/quiz/review.php?attempt=1122770&cmid=334954

Which of the following makes de"ered income tax increasing?

Select one:

a A taxable temporal di"erence

b A permanent di"erence

c A temporal di"erence

d A deductible temporal di"erence

The correct answer is: A taxable temporal di"erence

Câu Hỏi 3 Sai Đạt điểm 0,00 trên 2,00

BC has 3,000,000 $1 ordinary shares in issue on 1 Feb 20x4 On 1 May 20x4 the company issued

convertible bonds for cash If converted in 3 years’ time, the debt would result in an increase of

1,250,000 ordinary shares The liability element of the bonds is $895,000 and the e"ective interest rate

is 6.5% Income tax is charged at 30% Calculate the adjustment to earnings needed to measure diluted

EPS for the year ended 31 Jan 20x5?

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An entity has revalued its property and has recognized the increase in the revaluation reserve in its

!nancial statements The carrying value of the property was $8 million, and the revalued amount was

$10 million Tax base of the property was $6 million In the country, the tax rate is applicable to pro!ts

is 35% and the tax rate is applicable to gain on sale of property is 30% Where will the deferred tax be

recognized and at what amount?

Select one:

a Deferred tax liability $600,000

b Deferred tax liability $1.2 million

c Deferred tax liability $1.4 million

d Deferred tax asset $700,000

The correct answer is: Deferred tax liability $1.2 million

Which of the following assets is not a !nancial asset?

Select one:

a A contract that may or will be settled in the entity’s own equity instrument and is not classi!ed as

an equity instrument of the entity

b Prepaid expenses

c Loans receivable

d An equity instrument of another entity

The correct answer is: Prepaid expenses

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S Ltd has a product warranty liability amounting to $10,000 The product warranty costs are not tax

deductible until paid out to customers The company tax rate is 30% The company has:

Select one:

a a future deductible amount of $0

b a taxable temporary di"erence of $10,000

c a deductible temporary di"erence of $10,000

d a tax base of $10,000

The correct answer is: a deductible temporary di"erence of $10,000

How should a !nancial instrument be classi!ed if the issuer of the instrument is bearing the residual

risk associated with holding equity?

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During its !nancial year ended 31 January 20x6, T issued share options to several of its senior

employees The options vest immediately upon issue Which one of the following describes the

accounting entry that is required to recognize the options?

Select one:

a DEBIT the statement of changes in equity & CREDIT liabilities

b DEBIT the statement of changes in equity & CREDIT equity

c DEBIT pro!t or loss & CREDIT equity

d DEBIT pro!t or loss & CREDIT liabilities

The correct answer is: DEBIT pro!t or loss & CREDIT equity

J Ltd has a depreciable asset that cost $300,000 at the beginning of Year 1 It has a useful life of 5 years

and zero residual value The company depreciates the asset on a straight-line basis for accounting

purposes but for tax purposes claims a depreciation allowance calculated on the reducing-balance

basis at a rate of 25% The company tax rate is 30% At the end of year 2, J Ltd will show:

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The tax base of an asset is de!ned by international standard IAS12 as the amount which is attributable

to that asset for tax purposes If the tax base of an asset is less than its carrying amount, this is

evidence of?

Select one:

a A taxable permanent di"erence

b A deductible temporary di"erence

c A taxable temporary di"erence

d A deductible permanent di"erence

The correct answer is: A taxable temporary di"erence

Câu Hỏi 11 Sai Đạt điểm 0,00 trên 2,00

Which of the following statements in relation to disclosures required under IFRS 2 is not correct?

d Option pricing models used in valuing share options must be identi!ed

The correct answer is: The total expense arising from share-based payment transactions in which the

services quali!ed for recognition as an asset must be disclosed

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An entity issues shares as consideration for the purchase of inventory The shares were issued on

January 1, 20x4 The inventory is eventually sold on December 31, 20x5 The value of the inventory on

January 1, 20x4, was £3 million This value was unchanged up to the date of sale The sale proceeds

were £5 million The shares issued have a market value of £3.2 million on 1/1/20x4 Which of the

following statements correctly describes the accounting treatments of this share-based payment

The correct answer is: Equity is increased by £3 million; inventory is increased by £3 million; the inventory

value is expensed on sale on December 31, 20x5

Which of the following transactions involving the issuance of shares does not come within the de!nition

of a “share-based” payment under IFRS 2?

Select one:

a Employee share option plans

b Employee share purchase plans

c Share-based payment relating to an acquisition of a subsidiary

d Share appreciation rights

The correct answer is: Share-based payment relating to an acquisition of a subsidiary

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Elizabeth, a public limited company, has granted 100 share appreciation rights to each of its 1,000

employees in Juanuary 20x4 The management feels that as of December 31, 20x4, 90% of the awards

will vest on December 31, 20x6 The fair value of each share appreciation right on December 31, 20x4,

is £10 What is the fair value of the liability to be recorded in the !nancial statements for the year ended

The correct answer is: £300,000

The entity grants 1,000 share options to each of its !ve directors on July 1, 20x4 The options vest on

June 30, 20x8 The fair value of each option on July 1, 20x4 is £5, and it is anticipated that all of the

share options will vest on June 30, 20x8 What will be the accounting entry in the !nancial statements

for the year ended June 30, 20x5?

Select one:

a Increase equity zero; increase in expense income statement zero

b Increase equity £6,250; increase in expense income statement £6,250

c Increase equity £25,000; increase in expense income statement £25,000

d Increase equity £5,000; increase in expense income statement £5,000

The correct answer is: Increase equity £6,250; increase in expense income statement £6,250

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Earnings per share is calculated before accounting for which of the following items?

Select one:

a Minority interest

b Ordinary dividend

c Taxation

d Preference dividend for the period

The correct answer is: Ordinary dividend

K granted share option to all of its 400 employees on 1 Jan x0 Each employee will receive 1,000 share

options provided they continue to be employed by K for 4 years from the grant date The fair value of

an option was $2.2 at the grant date and $2.75 at 31 Dec x0 At 1 Jan x0, it was estimated that 70 sta"

would leave over the next 4 years 22 sta" left in the !rst year of the scheme and at 31 Dec x0 the

revised estimate of sta" expected to leave over the next three years was 56 The expense that would be

recognized in the !nancial statements of K in the year ended 31 Dec x0 in respect of the scheme is:

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Which of the following events requires no adjustment to the prior period’s EPS calculations?

Select one:

a Exercise of stock warrant

b Reverse share split

c Bonus issue of shares

d Share split

The correct answer is: Exercise of stock warrant

Which of the following is not an example of a potential ordinary share?

Select one:

a Convertible preferred share

b Standard preferred share

c Convertible debt

d Share warrants

The correct answer is: Standard preferred share

Under IAS 12 Incomes Taxes, deferred tax assets and liabilities are measured at the tax rates that:

Select one:

a applied at the beginning of the reporting period

b at the end of the reporting period

c at the rates that prevail at the reporting date

d are expected to apply when the asset is realized or the liability is settled

The correct answer is: are expected to apply when the asset is realized or the liability is settled

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Câu Hỏi 21 Đúng một phần Đạt điểm 10,50 trên 30,00

Lợi nhuận sau thuế của công ty B là $25,000,000 cho năm tài chính kết thúc 31/12/20x2 và $14,250,000 cho năm kết thúc ngày

31/12/20x1 Theo thông tin trên báo cáo tình hình tài chính, cấu trúc vốn của công ty B vào ngày 31/12/20x2 như sau:

Vốn cổ phần phát hành

5,000,000 cổ phiếu ưu đãi chuyển đổi, lãi suất 55, mệnh giá 5$ 15,000,000

105,000,000 Thông tin bổ sung như sau:

1 Vào ngày 1/7/20x1, B phát hành quyền mua cổ phiếu (rights issue) tỷ lệ 1:4 với giá phí $1.0 Giá thị trường của B trước

khi phát hành quyền là $2.95/ cổ phiếu.

2 Vào ngày 1/4/20x2, B phát hành cổ phiếu thưởng (bonus issue) theo tỷ lệ 1:1.

3 Vào ngày 1/10/20x1, B phát hành cổ phiếu ưu đãi, có thể chuyển đổi thành 2 cổ phiếu thường sau khi đã phát hành cổ

phiếu thưởng.

4 Vào ngày 1/7/20x2, 2,000,000 cổ phiếu ưu đãi đã được chuyển đổi thành cổ phiếu thường Cổ tức của cổ phiếu ưu đãi

miễn thuế và được thanh toán vào kết thúc mỗi quý trong năm 20x1 và 20x2.

5 B phát hành 10,000,000 cổ phiếu thường với mệnh giá $1 để mua một toà nhà vào ngày 1/10/20x2 Cổ phiếu được phát

hành theo giá thị trường.

Yêu cầu:

1 Xác định cấu trúc vốn của công ty B vào ngày 1/1/20x1 (tính theo số lượng cổ phiếu).

2 Tính lợi nhuận trên mỗi cổ phiếu (EPS) của công ty B trong năm 20x1.

(Lưu ý: Không dùng dấu "," hoặc dấu "." để phân chia đơn vị hàng ngàn khi điền vào ô trống, chỉ dùng dấu "."

thể hiện số thập phân Làm tròn kết quả tính đến 2 số lẻ khi tính.)

Bài làm:

Câu 1:

(Trừ): Số lượng cổ phiếu ưu đãi được chuyển đổi ngày 1/7/20x2 8000000

7200000

Trang 12

Tính số lượng cổ phiếu bình quân lưu hành năm 20x1 như sau:

Ngày Số lượng cổ phiếu

Tỷ lệ thưởng (Bonus

element)

Tỷ trọng thời gian (Time weighted)

Số lượng cổ phiếu bình quân

EPS năm 20x1 = 41.19 cents

Ngày 1/1/20x0, công ty XYZ đã phát hành trái phiếu chuyển đổi (convertible bond) với mệnh giá (norminal

value) là $100,000 Giá bán bằng với mệnh giá Trái phiếu này đến hạn vào ngày 31/12/20x3 Lãi suất danh

nghĩa (coupon rate) của trái phiếu là 10%/năm Lãi suất được thanh toán vào cuối mỗi 6 tháng vào ngày 30/6 và

31/12 hàng năm Trái phiếu tương tự mà không có quyền chuyền đổi được phát hành trên thị trường với mức

lãi suất là 15%/năm Tỉ lệ chuyển đổi: $1 mệnh giá trái phiếu được đổi 0.75 cổ phần thường tại bất cứ thời điểm

nào cho đến ngày hết hạn.

Yêu cầu:

1 Tính toán và ghi nhận bút toán tại ngày 1/1/20x0; 30/6/20x0 và 31/12/20x0.

2 Giả sử rằng ngày 1/1/20x1, 60% người nắm giữ trái phiếu thực hiện chuyển đổi thành vốn chủ sở hữu và

cho đến ngày đáo hạn không có bất kỳ trái phiếu nào được chuyển đổi Tính toán và ghi nhận bút toán tại ngày 1/1/20x1.

3 Giả sử lợi nhuận sau thuế là $10,000,000 Số lượng cổ phần thường (ordinary share) đang lưu hành của

tại ngày 1/1/20x0 là 500,000 cổ phần, và ngoài cổ phần thường, công ty chỉ có duy nhất trái phiếu chuyển đổi đã kể ở trên Thuế suất thuế thu nhập doanh nghiệp 25% Hãy tính EPS cơ bản và EPS pha loãng cho năm 20x0.

(Lưu ý: Không dùng dấu "," hoặc dấu "." để phân chia đơn vị hàng ngàn khi điền vào ô trống, chỉ dùng dấu "."

thể hiện số thập phân Làm tròn kết quả tính đến 2 số lẻ Nếu kết quả là 9.5 thì điền vào ô trống 2 số lẻ là 9.50)

Trang 13

Interest expense: Dr Interest expense and Cr Convertible bond: 6401.76

Payment: Dr Convertible bond and Cr Cash: 5000

- As at 31/12/20x0:

Interest expense: Dr Interest expense and Cr Convertible bond: 6506.89

Payment: Dr Convertible bond and Cr Cash: 5000

Trang 14

6/10/21, 09:14 Bài kiểm tra trắc nghiệm chủ đề "Công cụ tài chính": Attempt review

Bắt đầu vào lúc Thứ sáu, 19 Tháng ba 2021, 11:38 AM

State Finished Kết thúc lúc Thứ sáu, 19 Tháng ba 2021, 11:58 AM Thời gian thực hiện 19 phút 15 giây

Điểm 20,00 out of 20,00 (100%)

Which of these is not a de!ning characteristic of a derivative !nancial instrument

according to the standards?

Select one:

a A value dependent upon a speci!ed interest rate or similar variable

b A newly acquired !nancial instrument

c A !nancial instrument to be settled at a later date

d A !nancial instrument that requires little or no initial net investment relative toother similar contracts

The correct answer is: A newly acquired !nancial instrument

31181023135 - Võ Trung Hậu!

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chính"

Trang 15

Which of these is not a characteristic of the IFRS 9 impairment model?

Select one:

a Credit losses are the present value of all cash shortfalls

b Impairments are based on the incurred loss model

c Historical, current and forecast information are inputs to the impairmentcalculation

d On initial recognition, 12-month expected credit losses are recognized in pro!t

or loss

The correct answer is: Impairments are based on the incurred loss model

On 1 January 2017, a company issues £200,000 of 7% loan stock at par Interest on this

loan stock is payable on 31 December each year The stock is due for redemption at

par on 31 December 2020 but may be converted into ordinary shares on that date

instead Calculate the equity component of this loan stock, assuming a discounting rate

of 9% per annum (which is the rate of interest that would be expected on comparable

loan stocks without the conversion option)

Answer: 12,958

The correct answer is: 12,958

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Which of the following is NOT an example of a derivative !nancial instrument?

The correct answer is: A commercial bill contract

On 1 January 20X8 a company purchased 40,000 $1 listed equity shares at a price of $3

per share An irrevocable election was made to recognise the shares at fair value

through other comprehensive income Transaction costs were $3,000 At the year end

of 31 December 20X8 the shares were trading at $6 per share What amount in respect

of these shares will be shown under 'investments in equity instruments' in the

statement of !nancial position as at 31 December 20X8?

Answer: 243000

The correct answer is: 243000

Trang 17

How does IFRS 9 Financial Instruments require investments in equity instruments to be

measured and accounted for (in the absence of any election at initial recognition)?

Select one:

a Amortised cost with changes going through other comprehensive income

b Amortised cost with changes going through pro!t or loss

c Fair value with changes going through pro!t or loss

d Fair value with changes going through other comprehensive income

The correct answer is: Fair value with changes going through pro!t or loss

Bertrand issued $10 million convertible loan notes on 1 October 20X0 that carry a

nominal interest (coupon) rate of 5% per annum They are redeemable on 30

September 20X3 at par for cash or can be exchanged for equity shares in Bertrand on

the basis of 20 shares for each $100 of loan A similar loan note, without the

conversion option, would have required Bertrand to pay an interest rate of 8% If

Bertrand had incurred transaction costs in issuing these loan notes, how should these

have been accounted for?

Select one:

a Amortised over the life of the loan notes

b Charged to !nance costs

c Deducted from the proceeds of the loan notes

d Added to the proceeds of the loan notes

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conversion option, would have required Bertrand to pay an interest rate of 8% What is

the amount that should be shown under liabilities at 30 September 20X1?

Trang 19

conversion option, would have required Bertrand to pay an interest rate of 8% Later

that year Bertrand purchased a debt instrument which will mature in !ve years' time

Bertrand intends to hold the debt instrument to maturity to collect interest payments

How should this debt instrument be measured in the !nancial statements of Bertrand?

Select one:

a As a !nancial liability at amortised cost

b As a !nancial asset at fair value through pro!t or loss

c As a !nancial liability at fair value through pro!t or loss

d As a !nancial asset at amortised cost

The correct answer is: As a !nancial asset at amortised cost

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A 5% loan note was issued on 1 April 20X0 at its face value of $20 million Direct costs

of the issue were $500,000 The loan note will be redeemed on 31 March 20X3 at a

substantial premium The e"ective interest rate applicable is 10% per annum At what

amount will the loan note appear in the statement of !nancial position as at 31 March

Trang 21

conversion option, would have required Bertrand to pay an interest rate of 8% What is

the amount that will be recognised as !nance costs for the year ended 30 September

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Please choose the correct answer for each question below:

IAS 32 does not require the accounting of separate parts of a

compound !nancial instrument

False

A !nancial instrument is a contract which gives rise to a

!nancial asset of one entity and a !nancial liability or equity

instrument of another entity

True

IFRS 9 states that a !nancial asset is derecognized from a

statement of !nancial position only when the contractual

rights to the cash #ow from this asset expires

False

Câu trả lời của bạn đúng

The correct answer is: IAS 32 does not require the accounting of separate parts of a

compound !nancial instrument → False, A !nancial instrument is a contract which gives

rise to a !nancial asset of one entity and a !nancial liability or equity instrument of

another entity → True, IFRS 9 states that a !nancial asset is derecognized from a

statement of !nancial position only when the contractual rights to the cash #ow from

this asset expires → False

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Which of the following items are regarded as a !nancial liability?

c Ordinary shares held in another entity

d The right of a depositor to obtain cash from a !nancial institution with which ithas deposited cash

The correct answer is: A contract that is a non-derivative for which the entity is obliged to

deliver a variable number of its own equity instruments

conversion option, would have required Bertrand to pay an interest rate of 8% How

should the convertible loan notes be accounted for?

Select one:

a As debt

b As debt until conversion, then as equity

c As debt and equity

d As equity

Trang 24

Company A issued convertible notes 3 years ago and accounted for them as a

compound !nancial instrument Complete the following:

component that relates to the notes which have been converted

equity

is transferred to pro!t & loss remains as a liability

Câu trả lời của bạn đúng

The correct answer is:

Company A issued convertible notes 3 years ago and accounted for them as a

compound !nancial instrument Complete the following:

At the end of the three year period the portion of the [liability] component that relates to

the notes which have been converted [is transferred to equity]

Trang 25

Which of the following best describes the di"erence between a simple !nancial

instrument and a compound !nancial instrument?

Select one:

a A simple !nancial instrument accrues interest using simple interest formulawhile the compound !nancial instrument calculates interest on the compoundformula

b A simple !nancial instrument has a less complex fee structure

c The fair value of a simple instrument is calculated quarterly while the fair value

of a compound instrument accrues daily

d A simple !nancial instrument consists of only one !nancial asset/!nancialliability/equity instrument while a compound !nancial instrument containsboth a liability and an equity element

The correct answer is: A simple !nancial instrument consists of only one !nancial

asset/!nancial liability/equity instrument while a compound !nancial instrument

contains both a liability and an equity element

Trang 26

Financial instruments include accounts receivable, accounts payable, futures contracts,

equity securities and options Which of the following statements is correct?

Select one:

a Accounts receivable and accounts payable are derivative (secondary) !nancialinstruments

b Equity securities and futures contracts are primary !nancial instruments

c Accounts receivable, accounts payable and options are primary !nancialinstruments

d None of the above is correct

The correct answer is: None of the above is correct

Dexon's draft statement of !nancial position as at 31 March 20X8 shows !nancial

assets at fair value through pro!t or loss with a carrying amount of $12.5 million as at 1

April 20X7 These !nancial assets are held in a fund whose value changes directly in

proportion to a speci!ed market index At 1 April 20X7 the relevant index was 1,200

and at 31 March 20X8 it was 1,296 What amount of gain or loss should be recognised

at 31 March 20X8 in respect of these assets?

Answer: 1000

The correct answer is: 1000

Trang 27

Which of these is not (partly) a !nancial liability under IAS 32?

Select one:

a A non-mandatory convertible bond

b A loan that will be repaid in the form of a !xed number of equity shares

c Shares issued that will be redeemed after !ve years

d A borrowing from a credit institution

The correct answer is: A loan that will be repaid in the form of a !xed number of equity

shares

Company A has convertible notes on issue These notes are convertible to ordinary

shares of the Company after 3 years The distributions made to the note holders by

Company A are classi!ed by Company A as follows:

The correct answer is: a portion representing interest expense and a portion

representing dividends distributed

Trang 28

Trang 29

6/10/21, 09:14 Bài kiểm tra trắc nghiệm chủ đề "Thanh toán bằng cổ phiếu": Attempt review

Bắt đầu vào lúc Thứ hai, 1 Tháng ba 2021, 11:27 AM

State Finished Kết thúc lúc Thứ hai, 1 Tháng ba 2021, 11:53 AM Thời gian thực hiện 26 phút 41 giây

Điểm 20,00 out of 20,00 (100%)

31181023135 - Võ Trung Hậu!

Nhà của tôi " Các khoá học của tôi " Khoa Kế toán " Bộ môn Kế toán quản trị "

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Trang 30

On 1 July 2013 Poggio Ltd grants 300 options to each of its 100 employees conditional

on the employee remaining in service over the next three years The fair value of each

option is estimated to be $12 Poggio estimates that 15 employees will leave over the

three year vesting period By 30 June 2014 four employees have left and the entity

estimates that a further ten employees will leave over the next two years On 30 June

2014 Poggio decided to reprice its share options, due to a fall in its share price over the

last 12 months The repriced share options will vest on 30 June 2016 At the date of

repricing Poggio estimates that the fair value of each original option is $3 and the fair

value of each repriced option is $5 During the year ended 30 June 2015 a further 6

employees leave and Poggio estimates that another 3 employees will leave during the

year ended 30 June 2016 During the year ended 30 June 2016 four employees left The

entry at 30 June 2015 to account for the share based payment transaction is:

Select one:

a Dr Wages expense and Cr Liability to employee

b Dr Wages expense and Cr Share capital

c Dr Wages expense and Cr Options issued (equity)

d Dr Wages expense and Cr Cash

The correct answer is: Dr Wages expense and Cr Options issued (equity)

Trang 31

On 1 July 2015 Pepper Limited granted 500 share options to each of its 100 employees

Each grant is conditional on the employee working for the company for the next two

years The fair value of each option is estimated to be €3.00 Pepper estimates that 8%

of its employees will leave during the two year period and therefore forfeit their rights

to the share options During the year ended 30 June 2016 "ve employees left At this

time the company revised its estimate of total employee departures over the full

two-year period to 10% During the two-year ended 30 June 2017 a further 4 employees left

The amount to be recognised as an expense by Pepper for the year ended 30 June

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Suppose an entity grants 40 share options to each of its 100 employees on the

condition that they remain in service for 3 years The employees may choose to

exercise their options at the end of year 3, 4 or 5 The payment will be in cash based on

the value of the option at the exercise date During the "rst year 7 employees leave

and the company estimate that 13 people will leave in year 2 In fact, 6 leave and the

company estimate that 8 will leave in year 3 In the third year 10 people leave At the

end of the third year 10 employees exercise their options; and in year 4 a further 20

The remainder exercise their options in the "nal year The company estimates the fair

value of the options in years 1 – 4 as €20, €22, €28 & €34 respectively Intrinsic values

in years 3 – 5 are estimated as €2,500, €3,000 & €4,000 respectively What is the

remuneration expense in year 2?

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A share–based payment transaction in which the entity acquires goods or services by

incurring liabilities to the supplier for amounts that are based on the value of the

entity’s shares or other equity instruments of the entity is classi"ed in IFRS 2 as:

Select one:

a a cash-settled share-based payment transaction

b an equity-settled share-based payment transaction

c an “other” share-based payment transaction

d a liability-settled share-based payment transaction

The correct answer is: a cash-settled share-based payment transaction

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Which of the following statements in relation to disclosures required under IFRS 2

Share-based Payment is NOT correct?

c A description of the plan, including the general terms and conditions, vestingrequirements, maximum term of options granted and method of settlementmust be disclosed

d For arrangements that were modi"ed during the year, the incremental fair valuegranted as a result

The correct answer is: For liabilities arising from share-based payment transactions, the

total intrinsic value at the end of the period for liabilities where the counter party’s right

had not yet vested

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Which of the following statements in relation to disclosures required under IFRS 2 is

c Option pricing models used in valuing share options must be identi"ed

d The number and weighted average exercise price of share options outstanding

at the beginning and end of each period must be disclosed

The correct answer is: The total expense arising from share-based payment transactions

in which the services quali"ed for recognition as an asset must be disclosed

In a share based payment transaction where the entity has settlement choice:

Select one:

a the entity must settle in equity unless there is no commercial substance to thetransaction

b where a present obligation does not exist the entity has a choice of classi"cation

as an equity or cash settled share based payment transaction

c if an entity elects to settle in cash the settlement is accounted for as an expense

d the entity has a present obligation to settle in cash where it has a pastpractice or stated policy of settling in cash

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On 1 July 2014 Luca Ltd grants 200 options to each of its 75 employees conditional on

the employee remaining in service over the next two years The fair value of each

option is estimated to be $7 Luca estimates that 8 employees will leave over the two

year vesting period By 30 June 2015 four employees have left and the entity estimates

that a further "ve employees will leave over the next year On 30 June 2015 Luca

decided to reprice its share options, due to a fall in its share price over the last 12

months The repriced share options will vest on 30 June 2016 At the date of repricing

Luca estimates that the fair value of each original option is $1.50 and the fair value of

each repriced option is $3 During the year ended 30 June 2016 four employees left

The remuneration expense for the year ended 30 June 2015 is:

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On 1 July 2013 Pearl Pty Ltd granted 800 share options with an exercise price of $35 to

the CFO, conditional on the CFO remaining in employment with the company until 30

June 2016 The fair value of Pearl’s shares at that time was assessed to be $40 The

exercise price will drop to $30 if Pearl’s earnings increase by an average of 8% per year

over the three year period On 1 July 2013 the estimated fair value of the share options

with an exercise price of $35 is $10 per option, and if the exercise price is $30, the

estimated fair value of the options is $12 per option During the year ended 30 June

2014 Pearl’s earnings increased by 10% and they are expected to continue to increase

at this rate over the next two years During the year ended 30 June 2015 Pearl’s

earnings increased by 9% and Pearl management continued to expect that the

earnings target would be achieved During the year ended 30 June 2016 Pearl’s

earnings increased by only 2% At 30 June 2016 the share price is $23 Assuming that

the CFO decides NOT to exercise his options at 30 June 2016, the following entry would

be recorded:

Select one:

a Dr Options issued (equity) and Cr Lapsed options reserve

b Dr Options issued (equity) and Cr Wages expense

c Dr Options issued (equity) and Cr Retained earnings

d Dr Wages expense and Cr Options issued (equity)

The correct answer is: Dr Options issued (equity) and Cr Wages expense

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On 1 July 2013 Diamond Ltd granted 800 share options with an exercise price of €35 to

the CFO, conditional on the CFO remaining in employment with the company until 30

June 2016 The exercise price will drop to €30 if Diamond’s earnings increase by an

average of 8% per year over the three year period On 1 July 2013 the estimated fair

value of the share options with an exercise price of €35 is €10 per option, and if the

exercise price is €30, the estimated fair value of the options is €12 per option During

the year ended 30 June 2014 Diamond’s earnings increased by 10% and they are

expected to continue to increase at this rate over the next two years During the year

ended 30 June 2015 Diamond’s earnings increased by 5% and Diamond management

expected that the earnings target would be achieved During the year ended 30 June

2016 Diamond’s earnings increased by 11% When calculating the remuneration

expense to be recognised for the year ended 30 June 2015 which of the following dollar

values should be included in the calculation?

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In situations where an option-pricing model is required to be used to determine the

fair value of equity instruments granted IFRS 2 Share-based Payment:

Select one:

a requires the use of a binominal option-pricing model

b allows the entity to choose the option-pricing model it wishes to use, butcontains a number of factors that the option-pricing model selected musttake into account as a minimum

c requires the use of the Black-Scholes-Merton formula

d requires expected dividends to be taken into account when measuring theshares or options granted

The correct answer is: allows the entity to choose the option-pricing model it wishes to

use, but contains a number of factors that the option-pricing model selected must take

into account as a minimum

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On 1 July 2013 Watson Pty Ltd granted 100 share appreciation rights (SARS) to each of

its 50 employees, conditional on the employee not leaving the company in the next

three years The company estimates the fair value of the SARS at the end of each year

in which a liability exists as shown in the table below The intrinsic values of the SARS at

the date of exercise at 30 June 2016, 2017 and 2018 are also shown All SARS held by

employees at 30 June 2016 vest Year ended 2014, 2015, 2016, 2017, 2018: Fair values

are $14.4; $15.5; $18.2; $21.4 respectively Year ended 2016, 2017, 2018: Intrinsic

values are $15; $20; $25 respectively By 30 June 2016 nine employees have left and 15

employees have exercised their SARS The amount recognised as an expense for the

year ended 30 June 2016 is:

Tiêu đề	UEH Trắc nghiệm kế toán quốc tế 2 thầy Thiện
Trường học	University of Economics Ho Chi Minh City
Chuyên ngành	Accounting
Thể loại	Test/Quiz
Thành phố	Ho Chi Minh City

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Số trang	101
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