題目

Which of the following best describes a provision according to IAS 37 Provisions, contingent liabilities and contingent assets?

A

A?provision?is a?liability of uncertain timing or amount.

B

A?provision?is a?possible obligation of uncertain timing or amount.

C

A?provision?is a?credit balance set up to offset a contingent asset so?that the effect on

thestatement of financial position is nil.

D

?A provision is a possible asset that arises from past events.

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Chapter11Provisionsandcontingencies

A provision is a liability of uncertain timing or amount. A contingent liability is a possibleobligation of uncertain timing or

amount

多做幾道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

?The accruals concept

C

The going concern concept

D

?The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

?The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1?and?2

B

2?and?3

C

?1?and?4

D

3?and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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