Accounting-for-Decision-Makers 試験問題を無料オンラインアクセス

Which organization establishes rules U.S. companies use to record and report accounting transactions?

• A.Financial Accounting Standards Board
• B.Accounting Principles Board
• C.Internal Revenue Service
• D.Securities and Exchange Commission

A company budgeted the following purchases for raw materials:
January = $10,000
February = $20,000
March = $25,000
April = $22,000
May = $27,000
June = $30,000
July = $24,000
The company has a policy of paying for 40% of purchases in the month of the purchase, 35% in the month following the purchase, and 25% in the second month following the purchase.
What are the budgeted cash disbursements for May based on this information?

• A.$27,300
• B.$24,750
• C.$25,050
• D.$18,500

Match each accounting term with its definition.
Answer options may be used more than once or not at all.
Select your answer from the pull-down list.

正解：

Explanation:
Conservatism - Information related to recognizing losses as they occur
Reliable - Information that can be verified
Material - Information that is important enough to make a difference
Relevant - Information having to do with the matter at hand
These accounting terms describe important qualitative ideas used in financial reporting. Conservatism means accountants should use caution when uncertainty exists, especially by recognizing potential losses sooner rather than delaying them. Reliable information is information that can be supported, confirmed, or verified, which makes it trustworthy for users of financial statements. Material information is significant enough to affect the decisions of investors, creditors, or other users. If leaving it out or misstating it could influence a decision, it is material. Relevant information is information that relates directly to the issue being considered and is useful for decision-making.
These concepts help ensure that accounting information is useful, dependable, and meaningful. Relevance focuses on usefulness, reliability focuses on trustworthiness, materiality focuses on significance, and conservatism focuses on caution under uncertainty. Together, they support better financial statement preparation and interpretation. In this matching question, each term lines up with its most standard accounting definition, so the correct matches are exactly as shown above.

Which two costs would be used to calculate inventory overhead?
Choose 2 answers.

• A.Administrative employee benefits
• B.Factory electricity costs
• C.Production employee benefits
• D.Administrative office electricity costs

Which technique describes the practice of incurring debt but fully paying the debt over time?

• A.Liability deferral
• B.Accounting management
• C.Income smoothing
• D.Profit control