AICPA考试FAR模拟练习六12469.pdf

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1、财经网络教育领导品牌_高顿网校 AllRightsReserved版权所有 复制必究1AICPA考试FAR模拟练习六1.Accordingto theFASBconceptualframework,whichof thefollowingrelatesto bothrelevanceandreliability?a,Predictivevalue.B,Materiality.c,Neutrality.d,Timeliness.【答案】b【解析】Choice2is correct.Materialityrelatesto bothrelevanceandreliability.Choice1is

2、 incorrect.Predictivevalueis akeycharacteristicof relevanceonly.Choice3is incorrect.Neutralityis akeycharacteristicof reliabilityonly.Choice4is incorrect.Timelinessis akeycharacteristicof relevanceonly2.VadisCo.sellsappliancesthatincludeathree-yearwarranty.Servicecallsunderthewarrantyareperformedby

3、an independentmechanicunderacontractwithVadis.Basedonexperience,warrantycostsareestimatedat 30 foreachmachinesold.WhenshouldVadisrecognizethesewarrantycosts?a,Evenlyoverthelifeof thewarranty.b,Whentheservicecallsareperformed.c,Whenpaymentsaremadeto themechanic.d,Whenthemachinesaresold.【答案】d【解析】Choic

4、e4is correct.Warrantycostsshouldbe recognizedwhenthemachinesaresold.Theconceptis thatof matchingrevenuesandtherelatedexpensesin theperiodof benefit.Choice1is incorrect.Thewarrantycostswouldnotbe recognizedevenlyoverthelifeof thewarranty.Theywouldbe recognizedwhenthemachinesaresold.Choice2is incorrec

5、t.Thewarrantycostswouldnotbe recognizedwhentheservicecallsareperformed.Theywouldbe recognizedwhenthemachinesaresold.Choice3is incorrect.Thewarrantycostswouldnotbe recognizedwhenthepaymentsaremadeto themechanic.Theywouldbe recognizedwhenthemachinesaresold.3.Accordingto theIASBconceptualframework,subs

6、tanceoverformis an ingredientof:财经网络教育领导品牌_高顿网校 AllRightsReserved版权所有 复制必究2a,Relevanceb,Reliabilityc,Comparabilityd,Consistency【答案】b【解析】Choice2is correct.UndertheIASBconceptualframework,substanceoverformis aningredientof reliability.Otheringredientsof reliabilityundertheIASBframeworkincludeneutralit

7、y,representationalfaithfulness,prudence,andcompleteness.Choice1is incorrect.UndertheIASBconceptualframework,theingredientsof relevancearepredictivevalue,feedbackvalueandmateriality.Choice3is incorrect.Substanceoverformis notan ingredientof comparability.Choice4is incorrect.Substanceoverformis notan

8、ingredientof consistency.4.Whichof thefollowingis notacomprehensivebasisof accountingotherthangenerallyacceptedaccountingprinciples?a,Cashreceiptsanddisbursementsbasisof accounting.b,Basisof accountingusedby an entityto fileitsincometaxreturn.c,Basisof accountingusedby an entityto complywithfinancia

9、lreportingrequirementsof alendinginstitution.d,Basisof accountingusedby an entityto complywithfinancialreportingrequirementsof agovernmentregulatoryagency.【答案】c【解析】Choice3is correct.Abasisof accountingusedby an entityto complywiththefinancialreportingrequirementsof alendinginstitutionis notacomprehe

10、nsivebasisof accountingbecausesucharequirement,in itself,wouldnothavesubstantialsupport.Accordingto SAS62,acomprehensivebasisof accountingotherthanGAAPwouldinclude:CashbasisandmodifiedcashbasisTaxbasisPrescribedregulatorybasisOtherbasiswithsubstantialsupportChoice1,2and4areincorrectbecausetheyareall

11、acceptableas acomprehensivebasisofaccountingotherthanGAAP.5.Whichof thefollowingis acommonmodificationusedto preparemodifiedcashbasisfinancialstatements?a.Capitalizinginventory.财经网络教育领导品牌_高顿网校 AllRightsReserved版权所有 复制必究3b.Recognizingrevenueswhenearned.c.Matchingexpensesto relatedrevenues.d.Recognizi

12、ngexpensesbasedon themethodsandprinciplesusedto preparethetaxreturn.【答案】a【解析】Choice1is correct.Capitalizinginventoryis acommonmodificationmadeto cashbasisfinancialstatements.Choices2and3areincorrect.If revenuesarerecognizedwhenearned,ratherthanwhenreceived,or expensesarematchedto relatedrevenues,the

13、nthefinancialstatementsareaccrualbasisfinancialstatements.Choice4is incorrect.Recognizingexpensesbasedon themethodsandprinciplesusedtopreparethetaxreturnis donewhenpreparingtaxbasisfinancialstatements,notmodifiedcashbasisfinancialstatements.参与 AICPA考试的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取 AICPA考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网或关注高顿AICPA官方微信公众号gaodunaicpa进行咨询。