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

XYZ Ltd is listed on the Australian Securities Exchange (ASX). Which one of the following reports is the company required to prepare as a part of its annual financial report?

• A.corporate governance statement
• B.sustainability report
• C.management commentary
• D.chairman's statement

According to IASB's Conceptual Framework, an expense is a decrease in economic benefits in the form of
I.
outflows.
II.
decreases of assets.
III.
incurrences of liabilities.
IV.
contributions to equity holders.

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

The International Accounting Standards Board's Conceptual Framework for Financial Reporting for the preparation and presentation of financial statements is concerned with the information needs of most users, but not for each possible user.
Which one of the following stakeholders would not be one of the users that the Conceptual Framework is concerned about?

• A.a company's executive management
• B.governments and regulatory bodies
• C.members of the public who have small investment holdings in the company
• D.potential investors in the company

A rules-based approach to standard setting

• A.provides a broad framework for standard setting.
• B.ensures there are no conflicts within accounting standards as each issue is handled just once.
• C.helps a standard-setting body to prioritise matters.
• D.prescribes standards that attempt to cover all eventualities a business may face.

Which one of the following statements regarding the IASB's Conceptual Framework for Financial Reporting is correct?

• A.It specifies the concepts that underlie the preparation and presentation of special purpose financial statements.
• B.It overrides any local or international accounting standard.
• 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.