최신CPA Australia CPA Financial Accounting and Reporting - Financial-Accounting-and-Reporting무료샘플문제

A. the company's accounting policies.

B. the annual financial report.

C. various management accounting reports.

D. financial statements as specified by IAS 1 Presentation of Financial Statements.

A. semi-strong form efficiency

B. strong form efficiency

C. allocative efficiency

D. information processing efficiency

A. $70 000

B. $40 000

C. $65 000

D. $60 000

A. being able to take more risks without shareholders' consent.

B. being able to decide what information needs to be made available to shareholders.

C. having their shareholders invest more money into expanding the company's operations.

D. having their shareholders be tolerant of low profits if higher profits are expected in the future.

A. to issue new international financial reporting standards (IFRS)

B. to establish high quality professional standards in accountancy

C. to provide advice on accounting standards to the OECD

D. to provide direction to the Financial Accounting Standards Board (FASB)

A. attempts to cover specific eventualities.

B. provides a theoretical basis with broad terms of reference.

C. is a rule-driven approach.

D. removes any element of judgement by providing clear requirements.

A. public good

B. bonus-related pay

C. benefits from shares and share options

D. personal incentives

A. efficient market

B. market power

C. incentive substitution

D. bargaining power

A. Assets used for long-term operations are shown under working capital in the statement of financial position.

B. A statement of financial position explains the reasons for movement of assets and liabilities through the accounting period.

C. Current and non-current assets are shown as separate classifications in the statement of financial position.

D. Liabilities are future obligations that will cause outflow of resources embodying economic benefits.

A. It overrides any local or international accounting standard.

B. It specifies the concepts that underlie the preparation and presentation of special purpose financial statements.

C. It specifies the concepts that underlie the preparation and presentation of only consolidated financial statements.

D. It specifies the concepts that underlie the preparation and presentation of general purpose financial statements.