資產(chǎn)類準則框架梳理題目解讀

ASSection MCQs單選/多選/配對/填空/trueorSectionBSection

CaseSingle ConsolidatedF/S; ysis;(orSOCF可能性甚微1.StatementoffinancialpositionNon-current ntand Intangible Investmentin Investmentin Investmentinequity xCurrent Trade Othercurrent Cashandcash xTotal 1.Statementoffinancialposition Total 1.Statementoffinancialposition xTrade Currenttax xTotal 1.Statementofcomprehensive CostofsalesGrossprofit

Operating

DistributionAdministrativeexpensesOtherexpenses

Investing

FinancecostsProfitbeforetaxetax

Financing

ProfitfortheyearOthercomprehensivee短期內(nèi)不能變現(xiàn)的收益Gains/(losses)onpropertyrevaluationsDeferredtaxrelatingtorevaluationInvestmentinequityinstrumentsmeasuredatfairvaluethroughothercomprehensiveeTotalcomprehensiveeforthe

1.StatementofChangeinOpeningIssueofshares(bonus/rightsissue)ProfitfortheyearDividendsOptionunderconvertiblebondsClosing

x

x

xxx

xxx

ofequityx

①③

②P/L&

IAS1Presentationoffinancial

Profitforthe+

SharecapitalSharepremiumRetainedearningsRevaluationsurplusOthercomponentofClosing

=+

LimitationoffinancialstatementsPreparationoffinancialstatementsispast-oriented,whichcannotpredictthefutureperformanceandtrends.Financialstatementsmaybemanipulatedtoproduceadesired

includenon-financialFiguresinstatementoffinancialpositionmaynotberepresentativeofaveragethroughouttheyearduetoseasonaltradingormajoracquisitionsneartheyearDay1Definition:heldforlong-term Initialmeasuredatcost(掌握包含與不包含Costmodel=Cost-Accumulateddepreciation-impairmentlossStraight-linebasis:(Cost-Residualvalue)/TotalusefulReducingbalance:depreciatedrate%*Carrying

*①①increaseinvalueDrPPE Cr x→

RevaluationmodelDateofrevaluation比較Carryingvalue和FairDrDrDepreciationCrPPE-AccumulatedxxDrDr 5,000Dr 2,000Cr Dr Cr 2,000Cr 5,000②decreaseinvalueDr②decreaseinvalueDrExpense CrPPE xDrRevaluationsurplusx(upwardrevaluedamounts/remainingusefulCrRetained x(Dep.afterrevaluation–Dep.beforeIAS40InvestmentpropertyDefinition:heldforearnrentalsorcapitalInitialmeasuredatcost(Purchaseprice+TransactionCostmodel=Cost-Accumulateddepreciation–Impairmentloss FV

①NOT②Onlycomparethefair③Gainorlosschargedto①轉(zhuǎn)換日當天IP的FV為PPE的Re-classification(changein

IPatfairvalue—

DrCrInvestment

FairFair關(guān)注Dateoftransfer轉(zhuǎn)換

PPE—IPatfair

DrInvestmentCrPPECr

FairCarrying②之后根據(jù)IAS40比較FV變化，差額進IAS23Borrowingcosts①Generally,

DrInterestexpenseCrCash/payable②Relatedto“qualifyingassets”:

DrAsset(PPE/Intangibleassets/Investmentproperty/Inventory….)CrCash/payableDurationfor

①Commence(以下2個條件同時滿足時，開始資本化WorkBorrow/Drawn②Activitiesareinterrupted,capitalization③Activitiesarecomplete,capitalizationdrawdown

work

①Funds

Capitalisedamounts=Interestsonqualifyingassets–Temporaryinvestmente②FundsCapitalisedamounts=Borrowings*weightedaverageinterestIAS38IntangibleassetsDefinition:Identifiable;Controlledbyentity;Futurecash

①Separateacquisition(i.e.license,patent,copyright,brand②Businesscombination(i.e.externally-generated①Customerlist;relationship ;②Researchand

Costmodel=Cost-Accumulatedamortisation-impairmentloss①Finiteusefullife:Straight-linebasis=Cost/UsefulStarttoamortise:availableforuse/Completefor(兩個時間都出現(xiàn)選availablefor②Indefiniteusefullife:NOamortization;Mustbeimpairedunder)

Carryingvalue:Cost-Accumulateddepreciation/amortization-Impairment(Dateof

Recoverable

①賣：Fairvalue-Coststo∞futurecashValueinCV<RA,①Noimpaired;②Assetsin①. Dr

（1+

CV>

Cr②.Assetsin

DrRevaluationsurplus7CV>RA,且previouslyupward

DrDr Cr Indicationsfor

Externalindications;(affectedby Internalindications;(obsolescence;physicalMustbetestedforimpairment:①Intangibleassetswithindefinite②Goodwillinbusiness

①Definition:Smallestidentifiablegroupof①toobviouslydamagedordestroyed②Allocate

②to③tootherassetsbasedonthecarryingIFRS5Non-currentassetsheldfor Definition:carryingamountswillberecoveredbyasaletransactionratherthancontinuingAvailableforimmediate

Highlyprobable;NOdepreciation;

Committedto ActiveprogrammetolocateaReasonableSalewill cewithinaHighlyunlikelytowithdraw Carryingvalue(Cost-AD/AA-Impairment

Datetodecideto

Fairvalue–CoststoDrDrDrDr

Carryingvalue<Fairvalue–CoststoCarryingvalue>Fairvalue–Coststo

DrCr

CrAccountingAccounting InvestmentinIFRS10Consolidationfinancial(20%~50%)SignificantInvestmentinIAS28Investmentin IFRS9Financial

Financialasset:Anyassetthat①②anequityinstrumentofanother③acontractualtoreceivecashoranotherfinancialassetfromanotherortoexchangefinancialinstrumentswithanotherentityunderconditionsthatarepotentiallyfavourabletotheentity;suchasderivatives.Recognition:when,andonlywhen,theentityespartytothecontractualprovisionsoftheInitial

Generally:Fairvaluereceived+TransactionException:使用FVTPL時，transactioncost費用化Initialamounts=Fairvalue

Subsequent

Purchase

Heldforshort-termRecoverableHeldforlong-termIrrecoverablePurchase

Amortised Definition:heldforsaleintheordinarycourseofty:ContinuousCount&Periodic

Cost=Price

Price:①Beforecomplete;②ProductionMeasurement

Valueofinventory:FIFI;AVCO;(LIFOisnot SOFP:ClosingP/L:Costofsales=Openinginventory+Purchase–Closing

①Rawmaterials: cement②Finishedgoods:NRV=Sellingprice-Selling③WIP=FG’sSellingprice-FG’sSellingexpenses-Costof

Cost<NRV,①Notwrite-downinventory;②InventoryinCost>NRV,①write-downinventory;②InventoryinSOFP=NRV;DrExpenseCrCost>NRV,之后NRV回升。則沖銷之前的減值，存貨最多回升至歷史成本DrCr

Biologicalassets:livinganimals& Agriculturalproduce：harvestedanimals& Biologicaltransformation:growth,degeneration,productionandprocreation(Harvest

Biologicalassetsduringbiologicaltransformation;Agriculturalproduceatthepointofharvest;IAS2:Agriculturalproduceafter

FairvalueBiologicalassets Cost

Presented Agricultural Atthedateofharvest:IAS41—Fairvalue-CosttoAfterharvest:IAS2—LowerofcostandIAS40InvestmentCartervacatedanofficebuildingandletitouttoathirdpartyon30June20X8.Thebuildinghadanoriginalcost$900,000on1January20X0andwasbeingdepreciatedover50years.Itwasjudgedtohaveafairvalueon30June20X8of$950,000.Attheyear-enddateof31December20X8thefairvalueofthebuildingwasestimatedat$1.2million.Carterusesthefairvaluemodelforinvestmentproperty.Whatamountwillbeshowninrevaluationsurplusat31December20X8inrespectofthisIAS23Borrowingcost:FundsLeclerchasborrowed$2.4milliontofinancethebuildingofafactory.Constructionisexpectedtotaketwoyears.Theloanwasdrawndownandincurredon1January20X9andworkbeganon1March20X9.$1millionoftheloanwasnotutiliseduntil1July20X9soLeclercwasabletoinvestituntilneeded.Leclercispaying8%ontheloanandcaninvestsurplusatCalculatetheborrowingcoststobecapitalisedfortheyearended31December20X9inrespectofthisIAS23Borrowingcost:Funds hasthefollowingloans cethroughouttheyearended31December10%bank8%bank

On1July20X8$50millionwasdrawndownforconstructionofaqualifyingassetwhichwascompletedduringWhatamountshouldbecapitalizedasborrowingcostsat31December20X8inrespectofthis$5.6$2.8$4.4$2.2IAS38Intangibleassets(2009/12 had$20millionofcapitaliseddevelopmentexpenditureatcostbroughtforwardat1October20X7inrespectofproductscurrentlyinproductionandanewprojectbeganonthesamedate.Theresearchstageofthenewprojectlasteduntil31December20X7andincurred$1.4millionofcosts.Fromthatdatetheprojectincurreddevelopmentcostsof$800,000permonth.On1April20X8thedirectorsbecameconfidentthattheprojectwouldbesuccessfulandyieldaprofitwellinexcessofcosts.Theprojectwasstillindevelopmentat30September20X8.Capitaliseddevelopmentexpenditureisamortisedat20%perannumusingthestraight-lineWhatamountwillbechargedtoprofitorlossfortheyearended30SeptemberIAS36Impairment(2009/12At30September20X9Sandown'strialbalanceshowedabrandatcostof$30million,lessaccumulatedamortizationbroughtforwardat1October20X8of$9million.Amortizationisbasedonaten-yearusefullife.Animpairmentreviewon1April20X9concludedthatthebrandhadavalueinuseof$12millionandaremainingusefullifeofthreeyears.However,onthesamedateSandownreceivedanoffertopurchasethebrandfor$15million.WhatshouldbethecarryingamountofthebrandinthestatementoffinancialpositionofSandownasat30September20X9?IAS36Acash-generatingunitcomprisesthefollowing

(130*(130*7000(130*160=0ntandequipment

Current0Oneofthemachines,carriedat$40,000,isdamagedandwillhavetobescrapped.Therecoverableamountofthecash-generatingunitisestimatedat$750,000.Whatwillbethecarryingamountofthebuildingwhentheimpairmentlosshasbeenrecognised?(tothenearestIFRS5NCAHFS(2014/12Asat30September2013Dune’spropertyinitsstatementoffinancialpositionPropertyatcost(usefullife15years)Accumulateddepreciation

$45$6On1April2014,Dunedecidedtoselltheproperty.Thepropertyisbeingmarketedbyapropertyagentatapriceof$42million,whichwasconsideredareasonablyachievablepriceatthatdate.Theexpectedcoststosellhavebeenagreedat$1million.Recentmarkettransactionssuggestthatactualsellingpricesachievedforthistypeofpropertyinthecurrentmarketconditionsare10%lessthanthepriceatwhichtheyaremarketed.At30September2014thepropertyhasnotbeensold.AtwhatamountshouldthepropertybereportedinDune’sstatementoffinancialpositionasat30SeptemberIFRS5NCAHFS(2015/6At1April2014,Tillyownedapropertywithacarryingamountof$800,000whichhadaremainingestimatedlifeof16years.Thepropertyhadnotbeenrevalued.On1October2014,Tillydecidedtosellthepropertyandcorrectlyclassifieditasbeing‘held-for-sale’.Apropertyagentreportedthattheproperty’sfairvaluelesscoststosellat1October2014wasexpectedtobe$790,500whichhadnotchangedat31March2015.WhatshouldbethecarryingamountofthepropertyinTilly’sstatementoffinancialpositionasat31MarchABCDQ9(2016/6ThefollowingtrialbalancerelatestoDowningCoasat31MarchLandandbuildings–atcost(land$14ntandequipment–atPatentatcost(ten-year——ntandDuetorisingpropertyprices,DowningCodecidedtorevalueitslandandbuildingson1April2015totheirmarketvalue.Thevalueswereconfirmedatthatdateasland$16mandbuildings$52·2mwiththebuildingshavinganestimatedremaininglifeof18yearsatthedateofrevaluation.DowningCointendstomakeatransferfromtherevaluationsurplustoretainedearningsinrespectoftheannualrealisationoftherevaluationsurplus.Ignorethedeferredtaxonrevaluation.ntandequipmentisdepreciatedat15%perannumusingthereducingbalanceDuringthecurrentyear,theefromroyaltiesrelatingtothepatenthaddeclinedconsiderablyandthedirectorsareconcernedthatthevalueofthepatentmaybeimpaired.Astudyattheyearendconcludedthatthepresentvalueofthefutureestimatednetcashflowsfromthepatentat31March2016is$3·25million;however,DowningCoalsohasaconfirmedofferof$3·4milliontosellthepatent yatthatNodepreciation/amortisationhasyetbeenchargedonanynon-currentassetfortheyearended31March2016.Alldepreciationoramortisationischargedtocostofsales.Therewerenoacquisitionsordisposalsofnon-currentassetsduringtheyear.Q9(2016/6ThefollowingtrialbalancerelatestoDowningCoasat31MarchLandandbuildings–atcost(land$14 Accumulateddepreciationat1April — ①Duetorisingpropertyprices,DowningCodecidedtorevalueitslandandbuildingson1April2015totheirmarketvalue.Thevalueswereconfirmedatthatdateasland$16mandbuildings$52·2mwiththebuildingshavinganestimatedremaininglifeof18yearsatthedateofrevaluation.DowningCointendstomakeatransferfromtherevaluationsurplustoretainedearningsinrespectoftheannualrealisationoftherevaluationsurplus.Ignoredeferredtax

CarryingvalueVSRevaluedRevaluedDep. CV DrCostofsale Cr DrCrAnnualDrCr

DrRevaluationDrRevaluationsurplus400CrRetained ntandntandequipment–at ntandAccumulateddepreciationat1AprilThefollowingtrialbalancerelatestoDowningCoas ntandAccumulateddepreciationat1AprilThefollowingtrialbalancerelatestoDowningCoasat31MarchQ9(2016/6ntnt&Dep.CVDrCostofsale Cr Q9(2016/6ThefollowingtrialbalancerelatestoDowningCoasat31MarchPatentatcost(ten-year Accumulatedamortisationat1April — ③Duringthecurrentyear,theefromroyaltiesrelatingtothepatenthaddeclinedconsiderablyandthedirectorsareconcernedthatthevalueofthepatentmaybeimpaired.Astudyattheyearendconcludedthatthepresentvalueofthefutureestimatednetcashflowsfromthepatentat31March2016is$3·25million;however,DowningCoalsohasaconfirmedoffer$3·4milliontosellthepatent yatthatPointofimpairment

CarryingvalueVSRecoverableCVHigherofvaluein Fair DrCostofCrDrImpairmentCrQ10(SpecimenTrialbalanceat30September

On1October20x4,Kandyownedtwoinvestmentproperty.Thefirstpropertyhadacarryingamountof$15mandwassoldon1December20x4for$17m.Thedisposalproceedshavebeencreditedtoasuspenseaccountinthetrialbalanceabove.On31December20x4,thesecondpropertybecameowneroccupiedandsowastransferredtolandandbuildingsatitsfairvalueof$6m.Itsremainingusefullifeon31December20x4wasconsideredtobe20years.Q10(SpecimenTrialbalanceat30September

On1October20x4,Kandyownedtwoinvestmentproperty.Thefirstpropertyhadacarryingamountof$15mandwassoldon1December20x4for$17m.Thedisposalproceedshavebeencreditedtoasuspenseaccountinthetrialbalanceabove.On31December20x4,thesecondpropertybecameowneroccupiedandsowastransferredtolandandbuildingsatitsfairvalueof$6m.Itsremainingusefullifeon31December20x4wasconsideredtobe20years.IFRS9FinancialOn1January20X1Penfoldpurchasedadebtinstrumentforitsfairvalueof$500,000.Ithadaprincipalamount$550,000andwasduetomatureinfiveyears.Thedebtinstrumentcarriesfixedinterestof6%paidannuallyinarrearsandhasaneffectiveinterestrateof8%.Itisheldatamortisedcost.AtwhatamountwillthedebtinstrumentbeshowninthestatementoffinancialpositionofPenfoldasat31DecemberQ12(SpecimenIFRS9FinancialSeptemberSpeculateCoispreparingitsfinancialstatementsfortheyearended30September20X3.Thefollowingissuesarerelevant:SeptemberAhatsvtin10,000oftheequitysharesof .Theseshareswereacquiredon102ts·a.osffteeerei.0r20X3thefairvalueofthesesharesis$4·50each.ashort-termspeculativeinvestmentin2,000oftheequitysharesofanother .Theseshareswereacquiredon1December20X2atacostof$2·50each.Transactioncostsof1%ofthepurchasepricewereincurred.On30September20X3thefairvalueofthesesharesis$3·00each.Q13(2015/12ThefollowingtrialbalanceextractsrelatetoMostonasat30JuneFinancialassetequityinvestmentsatfairvalue1July At30June2015,thefinancialassetequityinvestmentshadafairvalueof$9·6million.Therewerenoacquisitionsordisposalsoftheseinvestmentsduringtheyear$(9600-DrDrFinancial CrInvestmenteIAS2WhichofthefollowingstatementsaboutIAS2InventoriesareProductionoverheadsshouldbeincludedincostonthebasisof 'sactuallevelofactivityintheInarrivingatthenetrealisablevalueofinventories,settlementdiscountsmustbedeductedfromtheexpectedsellingprice.Inarrivingatthecostofinventories,FIFO,LIFOandweightedaveragecostformulasareItispermittedtovaluefinishedgoodsinventoriesatmaterialspluslabourcostonly,withoutaddingproduction11and3andNoneofIAS2Inventory(2011/6Inpreparingfinancialstatementsfortheyearended31March20X6,theinventorycountwascarriedouton4April20X6.Thevalueofinventorycountedwas$36million.Between31Marc