Tài liệu Bài tập ôn thi cuối kỳ Kế Toán Quốc Tế 1 (KTQT1) ĐH Kinh Tế TP HCM

Framework


1. A conceptual framework for financial reporting is:

a. A set of items which make up an entity's financial statements

b. A set of regulations which govern financial reporting

c. A set of principles which underpin financial reporting

d. A set of financial reporting standards

2. The IASB conceptual framework is being developed jointly with:

a. The UK Accounting Standards Board

b. Accounting standards boards throughout the world

c. The European Union

d. The US Financial Accounting Standards Board

3. The primary users of general purpose financial reports are:

a. Investors and employees

b. Investors and lenders

c. Employees and lenders

d. Investors and customers

4. The fundamental qualitative characteristics of financial information are:

a. Relevance and faithful representation

b. Relevance and comparability

c. Faithful representation and comparability

d. Verifiability and understandability

5. The enhancing qualitative characteristics of financial information include:

a. Relevance and faithful representation

b. Comparability and understandability

c. Relevance and timeliness

d. Understandability and faithful representation

6. Which of the following is not a contributory factor towards faithful representation?

a. Completeness

b. Freedom from error

c. Neutrality

d. Predictive value



7. If the current cost measurement basis is used, assets are measured at:

a. Replacement cost

b. The amount paid to acquire them

c. The amount which could be obtained by selling them

d. Present value


8. Which of the following is not a component of a complete set of financial statements?

a. A statement of changes in equity

b. A management commentary

c. A set of notes

d. A statement of cash flows

9. The elements of financial statements which relate to financial position are

a. Income, expenses and equity

b. Assets, liabilities and equity

c. Assets, liabilities, income and expenses

d. income and expenses

10. Items of financial information are material if

a. They are insignificant

b. They could not influence the economic decisions made by the users of financial statements

c. They could influence the economic decisions made by the users of financial statements

d. They are aggregated with other items