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Nhà của tôi  Các khoá học của tôi  Khoa Kế toán  Bộ môn Kế toán tài chính  KTQT1_CT4_2021_HANH  Topic 7.
Presentation of Financial statements  Quizzes - IAS 1

Bắt đầu vào lúc Chủ nhật, 28 Tháng mười một 2021, 9:50 AM
State Finished
Kết thúc lúc Chủ nhật, 28 Tháng mười một 2021, 9:53 AM
Thời gian thực hiện 2 phút 50 giây
Điểm 10,00 out of 10,00 (100%)

Câu Hỏi 1 Hoàn thành Đạt điểm 1,00 trên 1,00

The example of a current liability is

Select one:
a. Provision for warranty repairs within the second year of guarantee after sale.
b. Trade payable with payment deferred beyond 1 year.
c. Long-term loan that became payable due to breach of covenants. The bank does NOT require
immediate repayment and agrees with the original repayment schedule.
d. Deferred tax liability.

Câu Hỏi 2 Hoàn thành Đạt điểm 1,00 trên 1,00

What identification information does NOT need to be presented on the face of the financial statements

Select one:
a. Whether the financial statements are individual or group.
b. Date of preparation of the financial statements.
c. Date of the end of the reporting period or the period covered by the set of financial statements or
notes
d. The presentation currency and the level of rounding.
Câu Hỏi 3 Hoàn thành Đạt điểm 1,00 trên 1,00

Which of the following companies is a going concern?

Select one:
a. Oil and gas company operating in Egypt has just received a court order to close the factory and stop
all operations in Egypt within 1 year
b. State-owned company runs out of cash and is not able to repay its liabilities and salaries on time.
According to applicable laws, the state must provide a low-interest loan to this company.
c. A trading company is in serious liquidity problems and a court granted an order to repay debt of CU
1 000 000 to a creditor immediately. The company must sell its assets in order to settle this liability.
d. A bank suffers in the mortgage crash and a state refuses to bail it out

Câu Hỏi 4 Hoàn thành Đạt điểm 1,00 trên 1,00

IAS 1 permits to present expenses in the statement of profit or loss and other comprehensive income in
the classification

Select one:
a. By function and by nature
b. By segment and by nature.
c. By segment and by function.
d. By segment and by operations

Câu Hỏi 5 Hoàn thành Đạt điểm 1,00 trên 1,00

A manufacturing company recognized a valuation provision to inventories due to their obsolescence.

Does IAS 1 allow offsetting inventory valuation provision against inventory balance in the statement of
financial position:

Select one:
a. Yes, because IAS 1 specifically says that this situation is not offsetting.
b. No, because IAS 1 states that assets and liabilities shall not be offset.
c. Yes, because in this case, offsetting leads to better understanding of the financial statements by
their users
d. No, because IAS 1 does not permit offsetting of assets and liabilities unless is it allowed by another
standard
Câu Hỏi 6 Hoàn thành Đạt điểm 1,00 trên 1,00

The example of a non-current asset is:

Select one:
a. Deferred tax asset
b. Inventories with long production and completion times
c. Trade receivable
d. Government bond repayable in 3 months

Câu Hỏi 7 Hoàn thành Đạt điểm 1,00 trên 1,00

Dividends paid to ordinary shareholders shall be presented:

Select one:
a. In the statement of changes in equity as a decrease in equity.
b. In the statement of profit or loss as other operating expense.
c. In the statement of other comprehensive income as a decrease in equity
d. In the statement of profit or loss as a financial expense.

Câu Hỏi 8 Hoàn thành Đạt điểm 1,00 trên 1,00

A company presented its expenses in the profit or loss as follows: cost of sales, administrative expenses,
marketing expenses, distribution expenses and other expenses. This presentation is:

Select one:
a. By function.
b. By segment.
c. By operations
d. By nature.
Câu Hỏi 9 Hoàn thành Đạt điểm 1,00 trên 1,00

The example of a current asset is:

Select one:
a. Deferred tax asset
b. Trade receivable with payment deferred beyond 1 year.
c. Available-for-sale financial assets.
d. Inventories with quick turnover.

Câu Hỏi 10 Hoàn thành Đạt điểm 1,00 trên 1,00

What components shall a complete set of financial statements include?

Select one:
a. Statement of financial position, income statement, statement of changes in equity, statement of
cash flows, accounting policies and notes, annual report
b. Statement of financial position, statement of comprehensive income, statement of changes in
equity, statement of cash flows, annual report
c. Statement of financial position, statement of other comprehensive income, statement of changes in
equity, statement of cash flows, directors report
d. Statement of financial position, statement of profit or loss and other comprehensive income,
statement of changes in equity, statement of cash flows, accounting policies and notes.

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