新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Financial Report":Credit risk of the company
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習題供大家練習。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！
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=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號
