题目内容（请给出正确答案）

[主观题]

Recognition is the process of including within the financial statements items which meet t

he definition of an element according to the lASB’s Conceptual Framework for Financial Reporting. Which of the following items should be recognised as an asset in the statement of financial position of a company？

A、A skilled and efficient workforce which has been very expensive to train. Some of these staff are still in the employment of the company.

B、A highly lucrative contract signed during the year which is due to commence shortly after the year end.

C、A government grant relating to the purchase of an item of plant several years ago, which has a remaining life of four years.

D、A receivable from a customer which has been sold (factored) to a finance company. The finance company has full recourse to the company for any losses.

提问人：网友keb001 发布时间：2022-01-07

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更多“Recognition is the process of …”相关的问题

第1题

Which of the following would correctly describe the net realisable value of a two year old asset?

A、The original cost of the asset less two years' depreciation

B、The amount that could be obtained from selling the asset, less any costs of disposal

C、The cost of an equivalent new asset less two years' depreciation

D、The present value of the future cash flows obtainable from continuing to use the asset

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第2题

The process for developing an International Financial Reporting Standard involves a number of stages. Following receipt and review of comments on a Discussion Paper, what will be the next step undertaken by the IASB?

A、Publication of an Exposure Draft

B、Establishment of an Advisory Committee

C、Consultation with the Advisory Committee

D、Issue of a final IFRS

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第3题

Which of the following would NOT be an advantage of adopting IFRS?

A、It would be easier for investors to compare the financial statements of companies with those of foreign competitors.

B、Cross-border listing would be facilitated.

C、Accountants and auditors would have more defence in case of litigation.

D、Multinational companies could more easily transfer accounting staff across national borders.

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第4题

Which one of the following statements regarding systems of regulation of accounting is true?

A、A principles-based system will require more detailed regulations than a rules-based system.

B、A rules-based system will tend to give rise to a smaller number of accounting standards than a principles-based system.

C、A principles-based system seeks to cover every eventuality.

D、A principles-based system requires the exercise of more judgement in application than a rules-based system.

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第5题

Which of the following would not NECESSARILY lead to a liability being classified as a current liability?

A、The liability is expected to be settled in the course of the entity's norma! operating cycle.

B、The liability has arisen during the current accounting period.

C、The liability is held primarily for the purpose of trading.

D、The liability is due to be settled within 12 months after the end of the reporting period.

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第6题

Which of the following would be shown in the 'other comprehensive income' section of the statement of profit or loss and other comprehensive income?

A、A revaluation gain on an investment property

B、Profit on sale of an investment

C、Receipt of a government grant

D、Gain on revaluation of a factory building

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第7题

Where are equity dividends paid presented in the financial statements?

A、As a deduction from retained earnings in the statement of changes in equity

B、As a liability in the statement of financial position

C、As an expense in profit or loss

D、As a loss in 'other comprehensive income

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第8题

How does IAS 1 define the 'operating cycle' of an entity?

A、The time between acquisition of assets for processing and delivery of finished goods to customers

B、The time between delivery of finished goods and receipt of cash from customers

C、The time between acquisition of assets for processing and payment of cash to suppliers

D、The time between acquisition of assets for processing and receipt of cash from customers

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第9题

which of the following are NOT items required by IAS 1 Presentation of Financial Statements to be shown on the face of the statement of financial position?

A、Inventories

B、Provisions

C、Government grants

D、Intangible assets

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第10题

Foster Co has built a new factory incurring the following costs: $'000 Land 1,200 Materials 2,400 Labour 3,000 Architect's fees 25 Surveyor's fees 15 Site overheads 300 Apportioned administrative overheads 150 Testing of fire alarms 10 Business rates for first year 12 7,112 What will be the total amount capitalised in respect of the factory?

A、$6,112,000

B、$6,950,000

C、$7,112,000

D、$7,100,000

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