"Financial Report":Credit risk of the company

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/12/29 15:05:44　字體：大小

學(xué)習(xí)是一個(gè)不斷積累的過程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢(mèng)想成真！

Questions 1:

Which of the following is least likely to be an acceptable approach for accounting standard setting bodies to use when developing accounting standards?

A 、Revenue/expense-based

B、 Objectives-oriented

C 、Rules-based

Questions 2:

An analyst has observed that the profit margins of a company have not increased or decreased significantly in the last few years. Which of the following is the most appropriate inference that can be made as to how this observation affects the company’s credit risk？The company’s credit risk is:

A 、unaffected.

B 、lower than otherwise.

C、 higher than otherwise.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. The revenue/expense-based approach is a measurement approach, not a standard setting approach.

B is incorrect. An objectives-oriented approach includes both a framework of principles and appropriate levels of implementation guidance. This is a reasonable description of the approach of both IFRS and US GAAP.

C is incorrect. US GAAP has historically placed more emphasis on the rules-based approach. Standards tend to be more detailed and complex than equivalent IFRS standards. The Financial Accounting Standards Board (FASB) has been moving toward a more principles-based approach in recent years as part of the convergence effort between IFRS and US GAAP.

【Answer to question 2】B

【analysis】

B is correct. With no significant increases or decreases in margins in the last few years, the company has had stable margins. Stable margins are associated with lower credit risk.

A is incorrect: Stable margins are associated with lower credit risk than otherwise.

C is incorrect. With no significant increases or decreases in margins in the last few years, the company has had stable margins. Stable margins are generally associated with lower credit risk.

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無天才，高手都是來自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績(jī)，其成績(jī)背后無比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。

點(diǎn)擊了解更多CFA考試資訊>>

上一篇："Financial Report":deferred tax assets

下一篇："Financial Report":IFRS