Chapter 1 chuẩn mực báo cáo tài chính quốc tế 1 Môn Cấu trúc rời rạc | Trường Đại học Công nghiệp Thành phố Hồ Chí Minh

Chapter 1 – Chuẩn mực báo cáo tài chính quốc tế 1
Câu 1: Fair value is not defined clearly in Conceptual Framework * True
Câu 2: Choose the correct users of financial statements with their information needs.
Lenders want information that will enable them to decide whether
their loans will be paid when due, and whether or not to issue new loans to the entity.
The General public may be affected by an entity in a number of
different ways, especially how an entity may contribute to the local economy.
Câu 3: Which of the followings relate to financial position in a set of financial statements? * Assets, liabilities, equity
Câu 4: Which of the following statements about the application of
IFRS in accordance with The Conceptual Framework is the most correct?
* Entities may change the valuation and measurement of assets
provided they disclose the change and its effects in the financial report.
Câu 5: Choose the correct users of financial statements with their information needs. Suppliers and trade creditors
are interested in information that
will help them determine whether the amounts owing to them will
be paid on time. Employees wish to know about the stability and
profitability of their employers.
Câu 6: Expenses are decreases in economic benefits during the
accounting period in the form of outflows or depletions of assets or
incurrences of liabilities that result in decreases in equity, other than
those relating to distributions to equity participants.
Câu 7: Conceptual frameworks improve the consistency and
comparability of financial statements. * True
Câu 8: Lucy Kilbride is preparing the financial statements for her
company, Leaming-Solutions. One of the transactions that occurred
during the year was a complex hedging transaction. Lucy is of the
opinion that as the majority of financial statement users won't
understand the transaction, she should leave it off the statement of
financial position. Is her opinion correct? * False
Câu 9: The primary purpose of financial reporting is:
* Providing information that can help users to make decision.
Câu 10: Entity A has been trading at severe losses for three years. A
has a intention to liquidate the entity in next month. The financial
statements have to be prepared on going concern basis. * False
Câu 11: The objective of general purpose financial statements is to
provide financial information about the reporting entity that is useful
to: (In accordance with the Conceptual Framework) * Investors Suppliers and trade creditors Lenders
Câu 12: Conceptual framework requires all enhancing qualitative
characteristics have to be maximised. * False
Câu 13: Which of the followings are the enhancing qualitative
characteristics of financial statements? * Timeliness Understandability Comparability Verifiability
Câu 14: The objective of financial reporting is to provide information
about the financial position, financial performance and changes in
the financial position of a reporting entity. Complete the following
sentences with the financial statement section where the information can be found.
To check the financial position, I would consult the → The
statement of financial position
To monitor an entity’s financial performance, I would look at the →
The statement of profit or loss and other comprehensive income.
Câu 15: What effect does a framework have on an accountant's need
to exercise professional judgement?
* Reduces the scope for professional judgement.
Câu 16: Measurement is the process of determining monetary
amounts at which elements are recognised and carried.
Câu 17: Please drag right anwser to correct blank: Income is
increases in economic benefits during the accounting period in the
form of inflows or enhancements of assets or decreases of liabilities
that result in increases in equity, other than those relating to
contributions from equity participants an asset is a
resource controlled by the entity as a result of past events and from
which future economic benefits are expected to flow to the entity.
Câu 18: Please drag right anwser to correct blank: Verifiability
means that different knowledgeable and independent observers
could reach consensus, although not necessarily complete
agreement, that a particular depiction is a faithful representation.
Relevance is capable of making a difference in the decisions made by users.
Câu 19: Underlying assumption of financial statements is discontinued operation. * False
Câu 20: In assessing whether the information presented in financial
statements is faithfully represented, which of the following factors is not to be considered?
* The cost of collecting the information
Câu 21: When there is a conflict between the Conceptual framework
and an IFRS, the person preparing the financial statements has the
discretion to decide whether the Conceptual Framework or the IFRS prevails. * False
Câu 22: Please drag right anwser to correct blank: Present value
Assets are carried at the discounted value of the future net cash
inflows that the item is expected to generate in the normal course of
business. Realizable (settlement) value Liabilities are carried at their
settlement values; that is, the discounted value of the future net
cash inflows that the item is expected to generate in the normal
course of undiscounted amounts of cash or cash equivalents
expected to be paid to satisfy the liabilities in the normal course of business.
Câu 23: Choose the correct users of financial statements with their
information needs. Employees wish to know about the stability and
profitability of their employer. Lenders want information that will
enable them to decide whether their loans will be paid when due,
and whether or not to issue new loans to the entity.
Câu 24: In assessing whether the information presented in financial
statements is faithfully represented, which of the following factors is not to be considered?
* The cost of collecting the information
Câu 25: Please drag right anwser to correct blank: An asset is a
resource controlled by the entity as a result of past events and from
which future economic benefits are expected to flow to the entity.
Equity is the residual interest in the assets of the entity after
deducting all its liabilities.
Câu 26: Which of the following measurement bases is not specificany
defined in the Conceptual Framework? * Fair value
Câu 27: This is the process off IFRSs setting: - Research, discussion
paper, agenda proposal Research programme , – Post
implementation Review. Implementation
Câu 28: This is the process of IFRSs setting: - Request for in
information Agenda consultion – Exporsure draft, give out final IFRs
standard Standards development
Câu 29: IASB members are appointed by the Trustees of the IFRs Foundation * True
Câu 30: Which of the following is not an objective of The Conceptual Framework?
* Enables implementation of one universal set of accounting standards.
Câu 31: Timelines means that information is available to decision –
makers in time to be capable of influencing their decisions.
Câu 32: Users of financial statements have different primary
interests when interpreting the information contained in them.
Match the user group with suitable statement.
Government agencies → Information needed in order to regulate the activities of the entity .
Investor → The risk ad return provided by their investment .
Câu 33: In circumstances where there may be a conflict between the
Conceptual Framework and an IFRS, which following statements is true?
* In such cases the requirements of the specific IFRS prevail over the Conceptual Framework.
Câu 34: The objective of general-purpose financial statements is to
provide financial information about the reporting entitiy that is useful to all kinds of users. * False Câu 35:
* Entity A can prepare its financial statements on going concern
basis, unless it has the intention or the need to liquidate or curtail
materially the scale of its operations in the foreseeable future.
Câu 36: In definition of current cost, assets are carried at the amount
of cash or cash equivalents that could currently be obtained by
selling the asset in an orderly disposal. * False
Câu 37: Choose the correct users of financial statements with their
information needs ……….. are interested in the allocation of
resources and the activities of the entities in general. Investors who
supply risk capital in the form of funding, this group are concerned
with the risk inherent in, and the return provided by their investments.
Câu 38: When judging the relative importance of the qualitative
characteristics, which of the following principles should be applied?
* The relative importance of each characteristic is a matter of professional judgment
Câu 39: Please drag right anwser to correct blank: Historical cost
Liabilities are recorded at the amount of proceeds received in
exchange for the obligation, or in some circumstances (for example,
income taxes), at the amounts of cash or cash equivalents expected
to be paid to satisfy the liability in the normal course of business.
Current cost Assets are carried at the amount of cash or cash
equivalents that would have to be paid if the same or an equivalent asset was acquired currently.
Câu 40: The accountant of Scrub and Shine Ltd identified an
aggregate charge of $500 000 (comprising 126 various supplier
invoices) of advertising expense for a new microfibre cloth within the
entity’s financial records. Should the accountant present this item
separately in the financial statements?
* Possibly. This would depend on the size and nature of the
advertising expenditure relative to other items disclosed in the financial report
Câu 41: A liability is present obligation arising from past events, the
settlement of which is expected to result in inflow of resources embodying economic benefits * False
Câu 42: Comparability and verifiability are the fundamental qualitative characteristics. * False
Câu 43: Please drag right anwser to correct blank: A liability is a
present obligation of the entity arising from past events, the
settlement of which is expected to result in an outflow from the
entity of resources embodying economic benefits. Expense are
decreases in economic benefits during the accounting period in the
form of outflows or depletions of assets or incurrences of liabilities
that result in decreases in equity, other than those relating to
distributions to equity participants.
Câu 44: Asset is resource controlled as a result of past events and
from which future economic benefits are expected to flow.
Câu 45: The IFRS Foundation is accountable to a Monitoring Board, a
body of publicly accountable market authorities. * True.
Câu 46: Please drag right anwser to correct blank: Understandability
blank means that classifying, characterising and presenting
information clearly and concisely makes it understandable.
Comparability enables users to identify and understand similarities
in, and differences among, items
Câu 47: GAAP stands for:
* Generally accepted accounting principles
Câu 48: Which of the followings are the fundamental qualitative
characteristics of financial statements? * Relevance Faithful representation