Financial-Accounting-and-Reporting 試験問題を無料オンラインアクセス

Which one of the following reports sets out how directors have run a company and if they implemented proper procedures to deal with matters like accountability, audits, directors' roles and responsibilities, internal controls and relations with shareholders?

• A.corporate social responsibility report
• B.chairman's statement
• C.corporate governance statement
• D.director's report

An example of voluntary reporting in Australia is a

• A.sustainability report.
• B.statement of cash flows.
• C.statement of comprehensive income.
• D.statement of financial position.

PLO Advertising Ltd (PLO) buys a new stretch limousine for $40 000. A number of individuals have expressed an interest in buying the limousine from PLO for $60 000. The board members decide that the limousine is worth between $65 000 and $70 000. What is the fair value of the limousine?

• A.$65 000
• B.$70 000
• C.$60 000
• D.$40 000

X was influenced by G Co's audit report and dividend declaration, and decided to invest in the securities of the company. What should X be cautious about before investing in the shares of the company?
X should be aware that

• A.the auditor's report refers to the company's prior year financials.
• B.a declaration of dividend is the ultimate measure of a company's profitability.
• C.the auditor's report is influenced by the directors.
• D.the declaration of dividends assures high earnings per share.

LMN Ltd recently changed the measurement base for their assets. They should I)treat this like a change in an estimate.
II)treat this like a change in the accounting policy.
III)disclose this in the notes to financial statements.

• A.I and III only
• B.I only
• C.III only
• D.II and III only