The financial statements are the means of conveying to the management and to the interested outsiders a concise picture of the profitability and financial position of a business.（)

相似题目

• He（）the suggestion as a way of getting out of his financial difficulties.

  A . talked over B . led to C . seized on D . started over

  查看最佳答案

• A Certificate of Financial Responsibility attests that the vessel（）.

  A . has financial backing to meet any liability resulting from the discharge of oil B . has the minimum required amount of P & I and hull insurance C . will assume the responsibility for any damage or loss to the shipper D . has financial reserves to meet reasonable expected crew costs of an intended voyage

  查看最佳答案

• The participants in a financial system can be individuals, companies, financial institutions and governments. True or false?

  查看最佳答案

• In financial accounting, a is a financial statement that shows a company’s incoming and outgoing money (sources and uses of cash) during a time period (often monthly or quarterly).

  查看最佳答案

• _________ is a projected profit and loss statement (P&L) that forecasts the expected financial outcomes from the plan.

  查看最佳答案

• The usual accounting period for which complete financial statements are prepared and distibuted toinvestors, bankers, and government agencies is（)

  A、one year B、quarterly C、monthly D、yearly

  查看最佳答案

• If the auditor has obtained a reasonable level of assurance about the fair presentation of the financial statements through understanding internal control, assessing control risk, testing controls, an

  A．can issue an unqualified opinion． B．can significantly reduce other substantive tests． C．can write the engagement letter． D．needs to perform additional tests of controls so that the assurance level can be increase D．

  查看最佳答案

• What is the principal function of a financial system？ ______.

  A．Production and distribution of goods and services B．Providing a means of payment and facilitating the saving and investment process C．Directing the flow of goods and services from producer to consumer D．None of the above

  查看最佳答案

• Which of the following is not presented in a business's financial statements？______.

  A．The financial position of the entity at a point in time B．The financial results of the entity over a period of time C．The cashflows of the entity over a period of time D．The expected financial results for the entity in the next period of time

  查看最佳答案

• The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the____________.

  A、monetary unit assumption B、business entity assumption C、going-concern assumption D、objectivity principle E、cost principle

  查看最佳答案

• The statement of financial position is a summary of the balances remaining after the statement of profit or loss has been prepared.（)

  此题为判断题(对，错)。

  查看最佳答案

• An aircraft requires a planned overhaul each year at a cost of $5,000.This is a condition of being allowed to fly.How should the cost of the overhaul be treated in the financial statements（).

  A．A.Accrued for over the year and charged to maintenance expenses B．B.Provided for in advance and charged to maintenance expenses C．C.Capitalised and depreciated over the period to the next overhaul D．D.Charged to profit or loss when the expenditure takes place

  查看最佳答案

• A company, which prepares its financial statements according to IFRS, owns several investment properties on which it earns rental income.It values the properties using the fair value model based on prevailing rental markets.A summary of the properties’ valuations is as follows:

  <img src='https://img2.soutiyun.com/ask/uploadfile/9138001-9141000/34ec6c13168d8873f5aad8073a66029a.jpg' /> Which of the following best describe the impact of the revaluation on the 2011 financial statements？ A.€6.5million charge to net income. B.€6.5million charge to revaluation surplus. C.€4.5million charge to revaluation surplus and €2.0 million charge to net income.

  查看最佳答案

• Which of the following statements concerning financial regulatory bodies is least accurate？ Financial regulatory bodies:

  A、Act to level the playing field for market participants. B、Define minimum standards of competence for agents. C、Require that regulated firms maintain optimum levels of capital.

  查看最佳答案

• Which of the following statements about the role of depreciable lives and salvage values in the computation of depreciation expenses for financial reporting is most accurate？

  A、The estimated useful life of the same depreciable asset should be the same regardless of which company owns the asset. B、Companies are specifically required to disclose data about estimated salvage values in the footnotes to the financial statements. C、Depreciable lives and salvage values are chosen by management and allow for the possibility of income manipulation.

  查看最佳答案

• Company Y has provided the following information from its current year financial statements and tax return. Company Y’s fixed assets have a four-year useful life for financial purpose (which is double the useful life for tax purpose) and are depreciated using the straight-line method.

  查看最佳答案

• What are the two aspects in building the pro forma financial statements（）

  A．Generate revenue B．Develop key assumptions C．Building and integrating the three statements D．Predict expenditures 此题为多项选择题。

  查看最佳答案

• The primary characteristic of a financial instrument is（）

  A．Legality B．Liquidity C．Differences D．Riskiness

  查看最佳答案

• For a company that prepares its financial statements under International Financial Reporting Standards （IFRS）, for which of the following assets is it most likelythat the company could report using th

  A、Houses built by the company for sale to customers B、A building owned by the company and leased out to tenants C、A building the company owns and uses to house its administrative activities

  查看最佳答案

• The financial statement that would be most useful to an analyst in understanding the changes that have occurred in a companys retained earnings over a year is the statement of:

  A、Financial position. B、Comprehensive income. C、Changes in equity.

  查看最佳答案

• If a non-financial company securitizes its accounts receivable for less than their book value, the most likely effect on the financial statements is to increase:

  A、Cash from operations. B、Net income. C、Cash from financing activities.

  查看最佳答案

• Question 13 Which of the following statements is correct regarding the financial statement adjustments that an analyst must make regarding firms that choose different accounting methods but are subject to the same standards, and firms with different accounting methods due to differences in applicable accounting standards, respectively？ Same accounting standards Different accounting standards

  A.Adjustments required No adjustments required B.Adjustments required Adjustments required C.No adjustments required Adjustments required D.No adjustments required No adjustments required

  查看最佳答案

• Which one of the following performance indicators is a financial performance measure？

  A．Quality rating B．Number of customer complaints C．System down time D．Cash flow

  查看最佳答案

• If an auditor finds that a companys financial statements have made a specific exception to applicable accounting principles, she is most likely to issue a:

  A、Dissenting opinion. B、Cautionary note. C、Qualified opinion.

  查看最佳答案