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質問 1：
In accordance with The Conceptual Framework for Financial Reporting, faithful representation is a fundamental qualitative characteristic.
To be a faithful representation financial information must be as far as possible which THREE of the following?
A. Free from error
B. Neutral
C. Complete
D. Understandable
E. Timely
F. Comparable
正解：A,B,C
質問 2：
Identify from the list below which items can be recognised as assets within the financial statements of an entity in accordance with IAS 38 Intangible Assets. Place either yes or no as appropriate against each item.
正解：
質問 3：
An entity has an inventory holding period of 52 days.
This means that the inventory:
A. takes 52 days to arrive after it has been ordered.
B. stays in the entity's warehouse for an average of 52 days before it is sold.
C. takes 52 days to manufacture.
D. takes 52 days to be paid for.
正解：B
質問 4：
TUV owns property that has a carrying amount greater than its original cost due to a revaluation 2 years ago.
The property continues to be used by TUV up lo the date of its disposal and is sold for more than its carrying amount.
Which THREE of the following correctly describe the accounting treatment for the disposal of the property?
A. The gam on disposal is recognised in the statement ot profit or loss
B. The remaining balance on the revaluation surplus is transferred to the statement of profit or loss
C. The gain on disposal is recognised in other comprehensive income
D. The property is depreciated based on its revalued amount up to the date of disposal
E. The remaining balance on the revaluation surplus is transferred to retained earnings
F. The property is depreciated based on its original cost up to the date ot disposal
正解：A,D,E
質問 5：
The following information relates to AA.
Extract of Trial Balance at 31 December 20X4;
Notes
(i) Inventory at 31 December 20X4 was valued at cost at $30.
(ii) The loan which was received on 1 July 20X4 is repayable in 20X9.
(iii) Corporate income tax represents an over-provision of tax for the year ended 31 December 20X3. AA reported a loss for tax purposes for the year ended 31 December 20X4 and a tax refund is expected amounting to $20.
(iv) Cost of sales, administration and distribution costs need to be adjusted for the following:
What figures should be entered in the Statement of Profit or Loss for the year ended 31 December 20X4 in relation to Administration and Distribution costs?
A. Adminsitration $136 Distribution $120
B. Administration $120 Distribution $87
C. Administration $146 Distribution $114
D. Administration $141 Distribution $117
正解：A
質問 6：
EF has been offering its customers a 60 day credit period, but now wants to improve its cash flow.
EF is proposing to offer a 2% discount for payment in 15 days.
Assume a 365 day year and an invoice value of $100.
Which of the following is the effective annual interest rate EF will incur for this action?
A. 63.4%
B. 35.4%
C. 17.8%
D. 13.1%
正解：C
質問 7：
What does the tax credit method of giving double taxation relief mean?
A. Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the lower of the foreign or country of residency tax.
B. The countries agree on certain types of income which will be exempt or partially exempt in one country or the other.
C. Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the higher of the foreign or country of residency tax.
D. Tax relief is gained by deducting the foreign tax from the foreign income so that only the "net" amount will be subject to tax in the country of residency.
正解：A
質問 8：
Which of the following is an example of a progressive tax?
A. Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
B. Personal income tax of 10% and corporate income tax of 20%
C. Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
D. Corporate income tax of 20% on all earnings
正解：A
In accordance with The Conceptual Framework for Financial Reporting, faithful representation is a fundamental qualitative characteristic.
To be a faithful representation financial information must be as far as possible which THREE of the following?
A. Free from error
B. Neutral
C. Complete
D. Understandable
E. Timely
F. Comparable
正解：A,B,C
質問 2：
Identify from the list below which items can be recognised as assets within the financial statements of an entity in accordance with IAS 38 Intangible Assets. Place either yes or no as appropriate against each item.
正解：
質問 3：
An entity has an inventory holding period of 52 days.
This means that the inventory:
A. takes 52 days to arrive after it has been ordered.
B. stays in the entity's warehouse for an average of 52 days before it is sold.
C. takes 52 days to manufacture.
D. takes 52 days to be paid for.
正解：B
質問 4：
TUV owns property that has a carrying amount greater than its original cost due to a revaluation 2 years ago.
The property continues to be used by TUV up lo the date of its disposal and is sold for more than its carrying amount.
Which THREE of the following correctly describe the accounting treatment for the disposal of the property?
A. The gam on disposal is recognised in the statement ot profit or loss
B. The remaining balance on the revaluation surplus is transferred to the statement of profit or loss
C. The gain on disposal is recognised in other comprehensive income
D. The property is depreciated based on its revalued amount up to the date of disposal
E. The remaining balance on the revaluation surplus is transferred to retained earnings
F. The property is depreciated based on its original cost up to the date ot disposal
正解：A,D,E
質問 5：
The following information relates to AA.
Extract of Trial Balance at 31 December 20X4;
Notes
(i) Inventory at 31 December 20X4 was valued at cost at $30.
(ii) The loan which was received on 1 July 20X4 is repayable in 20X9.
(iii) Corporate income tax represents an over-provision of tax for the year ended 31 December 20X3. AA reported a loss for tax purposes for the year ended 31 December 20X4 and a tax refund is expected amounting to $20.
(iv) Cost of sales, administration and distribution costs need to be adjusted for the following:
What figures should be entered in the Statement of Profit or Loss for the year ended 31 December 20X4 in relation to Administration and Distribution costs?
A. Adminsitration $136 Distribution $120
B. Administration $120 Distribution $87
C. Administration $146 Distribution $114
D. Administration $141 Distribution $117
正解：A
質問 6：
EF has been offering its customers a 60 day credit period, but now wants to improve its cash flow.
EF is proposing to offer a 2% discount for payment in 15 days.
Assume a 365 day year and an invoice value of $100.
Which of the following is the effective annual interest rate EF will incur for this action?
A. 63.4%
B. 35.4%
C. 17.8%
D. 13.1%
正解：C
質問 7：
What does the tax credit method of giving double taxation relief mean?
A. Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the lower of the foreign or country of residency tax.
B. The countries agree on certain types of income which will be exempt or partially exempt in one country or the other.
C. Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the higher of the foreign or country of residency tax.
D. Tax relief is gained by deducting the foreign tax from the foreign income so that only the "net" amount will be subject to tax in the country of residency.
正解：A
質問 8：
Which of the following is an example of a progressive tax?
A. Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
B. Personal income tax of 10% and corporate income tax of 20%
C. Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
D. Corporate income tax of 20% on all earnings
正解：A
Sakurai -
F1試験に出る80％の問題は問題集に出ました。高い的中率で本番の試験を模擬して、いい問題集です。