中级财务会计英选择题判断题.docx

1、中级财务会计英选择题判断题第一章1. Financial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, evaluate, and control an organiza-tions operations.5. Financial reports in the early 21st century did not provide any information about a

2、 companys soft assets.7. While objectives for financial reporting exist on an informal basis, no formal objectives have been adopted.3. Users of the financial information provided by a company use that information to make capital allocation decisions.15. FASB Technical Bulletins are more authoritati

3、ve than FASB Standards and Interpretations.33. What is a major objective of financial reporting?a. Provide information that is useful to management in making decisions.b. Provide information that clearly portray nonfinancial transactions.c. Provide information that is useful to assess the amounts, t

4、iming, and uncertainty of perspective cash receipts.d. Provide information that excludes claims to the resources.34. What is a major objective of financial reporting?a. Provide information that is useful to the Internal Revenue Service in determining the amount of federal income taxes payable.b. Pro

5、vide information that is useful in assessing the amounts and timing of revenue.c. Provide information that is comprehensible only by sophisticated investors.d. Provide information that clearly portrays the economic resources of an enterprise. 35. Which of the following statements is not an objective

6、 of financial reporting?a. Provide information that is useful in investment and credit decisions.b. Provide information about enterprise resources, claims to those resources, and changes to them.c. Provide information on the liquidation value of an enterprise.d. Provide information that is useful in

7、 assessing cash flow prospects.37. One objective of financial reporting is to providea. information about the investors in the business entity.b. information about the liquidation values of the resources held by the enterprise.c. information that is useful in assessing cash flow prospects.d. informa

8、tion that will attract new investors.41. What is the relationship between the Securities and Exchange Commission and accounting standard setting in the United States?a. The SEC requires all companies listed on an exchange to submit their financial statements to the SEC.b. The SEC coordinates with th

9、e AICPA in establishing accounting standards.c. The SEC has a mandate to establish accounting standards for enterprises under its jurisdiction.d. The SEC reviews financial statements for compliance. 42. What is due process in the context of standard setting at the FASB?a. FASB operates in full view

10、of the public.b. Public hearings are held on proposed accounting standards.c. Interested parties can make their views known.d. All of the above. 43. Which of the following organizations has been responsible for setting U.S. accounting standards?a. Accounting Principles Board.b. Committee on Accounti

11、ng Procedure.c. Financial Accounting Standards Board.d. All of the above. 44. Why did the AICPA create the Accounting Principles Board?a. The SEC disbanded the previous standard setting organization.b. The previous standard setting organization did not provide a structured set of accounting principl

12、es.c. No such organization existed in the past.d. None of the above. 45. Which organization was responsible for issuing Accounting Research Bulletins?a. Accounting Principles Board.b. Committee on Accounting Procedure.c. The SEC.d. AICPA. 51. Which organization is responsible for issuing Emerging Is

13、sues Task Force Statements?a. FASBb. CAPc. APBd. SEC 65. Which of the following organizations has not been instrumental in the development of financial accounting standards in the United States?a. AICPAb. FASBc. IASBd. SEC 66. An organization that has not published accounting standards is thea. Amer

14、ican Institute of Certified Public Accountants.b. Securities and Exchange Commission.c. Financial Accounting Standards Board.d. All of these have published accounting standards.第二章重点部分2. A conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consiste

15、nt standards.5. Although the FASB intends to develop a conceptual framework, no Statements of Financial Accounting Concepts have been issued to date. 12. Revenues, gains, and distributions to owners all increase equity. 45. Accounting information is considered to be relevant when ita. can be depende

16、d on to represent the economic conditions and events that it is intended to represent.b. is capable of making a difference in a decision.c. is understandable by reasonably informed users of accounting information.d. is verifiable and neutral. 48. According to Statement of Financial Accounting Concep

17、ts No. 2, timeliness is an ingredient of the primary quality of Relevance Reliability a. Yes Yes b. No Yes c. Yes No d. No No 49. According to Statement of Financial Accounting Concepts No. 2, verifiability is an ingredient of the primary quality of Relevance Reliability a. Yes No b. Yes Yes c. No N

18、o d. No Yes 50. According to Statement of Financial Accounting Concepts No. 2, neutrality is an ingredient of the primary quality of Relevance Reliability a. Yes Yes b. No Yes c. Yes No d. No No 53. According to Statement of Financial Accounting Concepts No. 2, predictive value is an ingredient of t

19、he primary quality of Relevance Reliability a. Yes No b. Yes Yes c. No No d. No Yes 54. Under Statement of Financial Accounting Concepts No. 2, representational faithfulness is an ingredient of the primary quality of Reliability Relevance a. Yes Yes b. No Yes c. Yes No d. No No 122. Trade-offs betwe

20、en the characteristics that make information useful may be necessary or beneficial. Issuance of interim financial statements is an example of a trade-off betweena. relevance and reliability.b. reliability and periodicity.c. timeliness and materiality.d. understandability and timeliness. 123. Allowin

21、g firms to estimate rather than physically count inventory at interim (quarterly) periods is an example of a trade-off betweena. verifiability and reliability.b. reliability and comparability.c. timeliness and verifiability.d. neutrality and consistency.第二章非特殊重点部分8. Relevance and reliability are the

22、 two primary qualities that make accounting information useful for decision making.10. Timeliness and neutrality are two ingredients of relevance. 11. Verifiability and predictive value are two ingredients of reliability. 26. In the conceptual framework for financial reporting, what provides the why

23、-the goals and purposes of accounting?a. Measurement and recognition concepts such as assumptions, principles, and constraintsb. Qualitative characteristics of accounting informationc. Elements of financial statementsd. Objectives of financial reporting 32. Which of the following is a primary charac

24、teristic of useful accounting information?a. Comparability.b. Relevance.c. Consistency.d. Materiality. 33. Which of the following is a primary characteristic of useful accounting information?a. Conservatism.b. Comparability.c. Reliability.d. Consistency. 38. Changing the method of inventory valuatio

25、n should be reported in the financial statements under what qualitative characteristic of accounting information?a. Consistency.b. Verifiability.c. Timeliness.d. Comparability. 40. What is the quality of information that enables users to better forecast future operations?a. Reliability.b. Materialit

26、y.c. Comparability.d. Relevance. 51. Information is neutral if ita. provides benefits which are at least equal to the costs of its preparation.b. can be compared with similar information about an enterprise at other points in time.c. would have no impact on a decision maker.d. is free from bias towa

27、rd a predetermined result. 52. The characteristic that is demonstrated when a high degree of consensus can be secured among independent measurers using the same measurement methods isa. relevance.b. reliability.c. verifiability.d. neutrality. 58. When information about two different enterprises has

28、been prepared and presented in a similar manner, the information exhibits the characteristic ofa. relevance.b. reliability.c. consistency.d. none of these.47. According to Statement of Financial Accounting Concepts No. 2, which of the following relates to both relevance and reliability?a. Materialit

29、yb. Understandabilityc. Usefulnessd. All of these79. Preparation of consolidated financial statements when a parent-subsidiary relationship exists is an example of thea. economic entity assumption.b. relevance characteristic.c. comparability characteristic.d. neutrality characteristic. 81. What acco

30、unting concept justifies the usage of accruals and deferrals?a. Going concern assumptionb. Materiality constraintc. Consistency characteristicd. Monetary unit assumption 86. Revenue is generally recognized when realized or realizable and earned. This statement describes thea. consistency characteris

31、tic.b. matching principle.c. revenue recognition principle.d. relevance characteristic.92. The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based on an estimate of bad debts, is an application of thea. consistency characterist

32、ic.b. matching principle.c. materiality constraint.d. revenue recognition principle.84. Proponents of historical cost ordinarily maintain that in comparison with all other valuation alternatives for general purpose financial reporting, statements prepared using historical costs are morea. reliable.b. relevant.