CFA考試一級章節(jié)練習題精選0329-12(附詳解)

1、CFA考試一級章節(jié)練習題精選 0329-12 （附詳解）1 、 According to the International Accounting Standards Board 'Cs onceptual Framework for Financial Reporting, the two fundamental qualitativecharacteristics that make financial information useful are best described as: 【單選題】A.timeliness and accrual accounting.B.under

2、standability and verifiability.C.relevance and faithful representation.正確答案 :C答案解析 : “ Financial Reporting Standards,” Elaine Henry, CFA, Jan Hendrik van Greuning, CFA, and Thomas R. Robinson, CFA2013 Modular Level I, Vol. 3, Reading 24, Section 5.2Study Session 7-24-dDescribe the International Acco

3、unting Standards Board's conceptual framework, including the objective and qualitative characteristics of financial statements,required reporting elements, and constraints and assumptions in preparing financial statements.C is correct. Relevance and faithful representation are the two fundamenta

4、l qualitative characteristics that make financial information useful according to theIASB Conceptual Framework.2、 An analyst does research about cash flow statements.On the cash flow statement,interests received are classified as operating activity under:單選題】A.IFRS only.5B.U.S.GAA P only.C.both IFRS

5、 and U.S.GAA P.正確答案:BCiuh flow statements： ditTerences between IFRS and U.S. (；AAP1Topic- T - IFRS - - - - -_U S- GAAPInterest receivedOperating or inveslingIOfieraiingInterest paidOperaiing 門tmtincing1i- . . Op cratingDividends received1Operating or investingJOperatingDividends pnid - . 1T .Operati

6、ng or financingFinancing-*Bank overdraftsConsidered ptirl of cash equixalenisN何 considered pan of cash and ciishequivalents ami classified as findntjngGeneral J y operating, but a portion + - - - .-Taxes paidcan be (illtvaicd 門 investing(?r tin-Operatin：anting it 11 tan be 呼ecificallyAC_itlcmifted w

7、ith ihese categories答案解析：3、 An analyst does research about depreciation and gathers the following informationabout an equipment:PurdinKc price$ in (O)J veirsEstimated useful lifeEstimated viilue【單選題】Under the diminishing balance dep reciation method and a 150% acceleration factor,the book value at t

8、he end of Year 2 is closest to:A. $3 827B. $6 173C. $7 857正確答案:B答案解析:第一年折舊:1.5/7 X $10 000 = $2 143第二年折舊：1.5/7兇10 000 - $2 143)= $1684。第二年年末的凈值為:$10 000 - $2143 - $1684 = $6173。4、 Under International Financial Reporting Standards (IFRS), the statement of comprehensive income should most appropriatel

9、y begin with:【單選題】A.gross revenue.B.the ending total comp rehensive income from the p rior year.C.the p rofit or loss from the income statement.正確答案:C答案解析:Under IFRS, the statement of comprehensive income begins with the profit or loss from the income statement.2014 CFA Level I“ Financial Statement

10、Analysis: An Introduction,” by Elaine Henry and Thomas R. Robinson8Section 3.1225、A comp any entered into a three -year construction p roject with a total contract p rice of $10.6 million and an exp ected total cost of $8.8 million. TheAll figures in millionsYearlYear 2Year 3Costs incurred and paid$

11、1.2$6.0$1.6Amounts billed and payments received$24$5.6$2.6following table p rovides cash flow information relating to the contract:If the comp any uses the p ercentage -of-co mpl etion method, the amount of revenue recognized (in millions) in Year 2 is closest to:【單選題】A.$3.5.B.$5.6.C.$7.2.正確答案:C答案解析

12、：“ Understanding Income Statements,” Elaine Henry and Thomas R. Robinson2012 Modular Level I, Vol. 3, pp. 162-164Study Session 8-25-bDescribe the general p rinc iples of revenue recognition and accrual accounting, sp ecific revenue recognition app lications (including accounting for long-termcontracts, installment sales, barter transactions, and gross and net rep orting of revenue), and the imp lications of revenue recognition p r