1、财务报表分析：导论及答案解析(总分：32.00，做题时间：90 分钟)一、B单项选择题/B(总题数：32，分数：32.00)1.Which of the following is least likely to be considered an objective of financial market regulation according to the International Organization of Securities Commissions (IOSCO) ? A. Protect investors. B. Reduce systemic risk. C. Develo
2、p individual financial regulatory standards for each country to reflect the unique needs of each market.（分数：1.00）A.B.C.2.Which of the following best describes financial reporting and financial statement analysis? A. Financial reporting refers to how companies show their financial performance and fin
3、ancial analysis refers to using the information to make economic decisions. B. Financial reporting is performed by investors, creditors, and other interested parties. C. Financial reports assess a company s past performance in order to draw conclusions about the companys ability to generate cash and
4、 profits in the future.（分数：1.00）A.B.C.4.The Management Discussion and Analysis(MD&A) portion of the financial statements: A. is not required by the SEC. B. includes audited disclosures that help explain the information summarized in the financial statements. C. includes such items as discontinued op
5、erations, extraordinary items, and other unusual or infrequent events.（分数：1.00）A.B.C.5.The best description of the general ledger is that it: A. groups accounts into the categories that are presented in the financial statements. B. shows if new entries need to be recorded and reflected in an adjuste
6、d trial balance. C. sorts the entries in the general journal by account.（分数：1.00）A.B.C.6.Which of the following statements represents information at a specific point in time?（分数：1.00）A.A. The income statement. B.B. The balance sheet. C.C. The statement of cash flows.7.An analyst is least likely to u
7、se disclosures of accounting policies and estimates to evaluate: A. what policies are discussed. B. which policies required management to make estimates. C. what policies are likely to be modified in future periods.（分数：1.00）A.B.C.8.Which of the following is NOT a qualitative characteristic accountin
8、g information must possess in order to provide useful information to an analyst?（分数：1.00）A.A. Relevance. B.B. Believability. C.C. Comparability.9.Which of the following is least likely to be considered a stated goal of the International Accounting Standards Board (IASB) ? A. Develop global accountin
9、g standards requiring transparency, comparability, and high quality in financial statements. B. Remain neutral in the debate on the use of global accounting standards to avoid appearance of a conflict of interest. C. Account for the needs of emerging markets and small firms when implementing global
10、accounting standards.（分数：1.00）A.B.C.10.Which of the following statements about financial reporting standards is least accurate? Reporting standards : A. narrow the range within which management estimates can be seen as reasonable. B. make financial statements comparable to one another. C. are disclo
11、sed on Form 8 -K by publicly traded firms in the United States.（分数：1.00）A.B.C.11.Which of the following statements about financial statement analysis and reporting is least accurate ? A. Deciding whether to recommend a company s securities to investors is a role of financial statement analysis. B. F
12、inancial statement analysis uses financial statement data to form opinions about the companys ability to generate cash flow in the future. C. Financial statement analysis focuses on the way companies show their financial performance to investors by preparing and presenting financial statements.（分数：1
13、.00）A.B.C.12.Which of the following statements concerning the notes to the audited financial statements of acompany is least accurate? Financial statement notes: A. provide information about accounting methods used by the company. B. contain information about contingent losses that may occur. C. inc
14、lude management s assessment of the company s operating performance and financial results.（分数：1.00）A.B.C.13.Which of the following is an independent auditor least likely to do with respect to a company s financial statements? A. Provide an opinion concerning their fairness and reliability. B. Perfor
15、m an independent review of them. C. Prepare and accept responsibility for them.（分数：1.00）A.B.C.14.Which of the following is a company least likely required to present according to International Accounting Standard (IAS) No. 1 ? A. Cash flow statement. B. Disclosures of material events. C. Statement o
16、f changes in owners equity.（分数：1.00）A.B.C.15.The Management Discussion and Analysis (MD&A) portion of the financial disclosure is required to discuss all of the following EXCEPT: A. expected effects of marketplace events. B. capital resources and liquidity. C. a general business overview based on kn
17、own trends.（分数：1.00）A.B.C.16.Prema Singh is the book keeper for Octabius Industries. Singh has been asked by the CFO of Oetabius to review all purchases that occurred between February 1 and February 8 to investigate an error on the receiving dock. Singh will most likely look at the:（分数：1.00）A.A. ini
18、tial trial balance. B.B. general journal. C.C. general ledger.17.Which of the following is NOT a category on the statement of cash flows? Cash flow from :（分数：1.00）A.A. financing. B.B. investing. C.C. sales.18.The step in the financial statement analysis framework of “processing the data“ is least li
19、kely to include which activity? A. Acquiring the company s financial statements. B. Making appropriate adjustments to the financial statements. C. Preparing exhibits such as graphs.（分数：1.00）A.B.C.19.Which of the following is the best description of the flow of information in an accounting system? A.
20、 Journal entries, general ledger, trial balance, financial statements. B. General ledger, trial balance, general journal, financial statements. C. Financial statements, general ledger, trial balance, general journal.（分数：1.00）A.B.C.20.Which of the following items would NOT be included in cash flow fr
21、om financing? A. Gain on sale of stock of a subsidiary. B. Dividends paid to shareholders. C. Purchase of treasury stock.（分数：1.00）A.B.C.21.Which of the following is the best description of the financial statement analysis framework? A. Gather data, analyze and interpret the data, determine the conte
22、xt, report the conclusions, update the analysis. B. Process and analyze the data, interpret the context, determine the objective, report the recommendations. C. State the objective and context, gather data, process the data, analyze and interpret the data, report the conclusions or recommendations,
23、update the analysis.（分数：1.00）A.B.C.22.According to the IASB, which of the following least accurately describes financial reporting? Financial reporting : A. provides information about changes in financial position of an entity. B. provides information about the financial performance of an entity. C.
24、 uses the information in a companys financial statements to make economic decisions.（分数：1.00）A.B.C.23.Which of the following statements about proxy statements is least accurate? Proxy statements are: A. issued to shareholders when there are matters that require a shareholder vote. B. not filed with
25、the SEC. C. a good source of information about the qualifications of board members and management.（分数：1.00）A.B.C.24.Which of the following is least likely to be available on EDGAR ( Electronic Data Gathering, Analysis, and Retrieval System)?（分数：1.00）A.A. SEC filings. B.B. Corporate press releases. C
26、.C. Form 8-K.25.Which of the following statements about financial reporting standards is least accurate? Reporting standards: A. narrow the range within which management estimates can be seen as reasonable. B. make financial statements comparable to one another. C. are disclosed on Form 8 -K by publ
27、icly traded firms in the United States.（分数：1.00）A.B.C.26.Professional organizations of accountants and auditors that establish financial reporting standards are called :（分数：1.00）A.A. Regulatory authorities. B.B. Financial services authorities. C.C. Standard setting bodies.27.The auditors report is r
28、equired to: A. provide an “unqualified“ opinion if material uncertainties exist. B. provide reasonable assurance that the financial statements contain no material misstatements. C. mention any significant deficiencies in the internal control structure.（分数：1.00）A.B.C.28.Lobel Manufacturing is current
29、ly running at capacity. Although Lobel cannot immediately fill orders for its product, it is taking orders for future delivery, and has just accepted a $100000 deposit (30 percent of the total) for an order that will be shipped in four months. According to the revenue recognition principle: A. Lobel
30、 should recognize the revenue for the entire order when it is shipped to the customer. B. Lobel should recognize the $100000 during the current accounting period because that is when the amount was actually paid. C. The entire (total) amount of the sale price should be recognized during the current
31、accounting period because that is when the sale has been made.（分数：1.00）A.B.C.29.According to the Financial Accounting Standards Board (FASB) conceptual framework, which of the following situations violates the concept of reliability? A. Management reports to stockholders regularly refer to new proje
32、cts undertaken. B. Financial statements included property with a carrying amount increased to management s estimate of market value. C. Management issued the companys financial statements nine months late.（分数：1.00）A.B.C.30.Which of the following statements about a corporation s annual reports, SEC f
33、ilings, and press releases is most accurate? A. Annual and quarterly SEC filings are required to be audited. B. Interim SEC filings typically update the major financial statements and footnotes. C. Annual reports are generally viewed as the most factual and objective source of information about a co
34、mpany.（分数：1.00）A.B.C.31.Which of the following statements about financial statements and reporting standards is least accurate ? A. Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B. The objective of financial statements is to provide ec
35、onomic decision makers with useful information. C. Reporting standards ensure that the information in financial statements is useful to a wide range of users.（分数：1.00）A.B.C.32.The step in the financial statement analysis framework that includes making any appropriate adjustments to the financial sta
36、tements and calculating ratios is best described as:（分数：1.00）A.A. gathering the data. B.B. reporting the conclusions. C.C. processing the data.财务报表分析：导论答案解析(总分：32.00，做题时间：90 分钟)一、B单项选择题/B(总题数：32，分数：32.00)1.Which of the following is least likely to be considered an objective of financial market regul
37、ation according to the International Organization of Securities Commissions (IOSCO) ? A. Protect investors. B. Reduce systemic risk. C. Develop individual financial regulatory standards for each country to reflect the unique needs of each market.（分数：1.00）A.B.C. 解析：The three objectives of financial m
38、arket regulation according to IOSCO are to ( 1 ) protect investors, (2) ensure the fairness, efficiency, and transparency of markets, and (3) reduce systemic risk. Because of the increasing globalization of securities markets, IOSCO seeks to attain uniform financial regulations across countries.2.Wh
39、ich of the following best describes financial reporting and financial statement analysis? A. Financial reporting refers to how companies show their financial performance and financial analysis refers to using the information to make economic decisions. B. Financial reporting is performed by investor
40、s, creditors, and other interested parties. C. Financial reports assess a company s past performance in order to draw conclusions about the companys ability to generate cash and profits in the future.（分数：1.00）A. B.C.解析：Financial reporting refers to the way companies show their financial performance
41、to investors, creditors, and other interested parties by preparing and presenting financial statements. The objective of financial statements, not analysis, is to provide information about the financial position, performance and changes in financial position of an entity that is useful to a wide ran
42、ge of users in making economic decisions.解析：Various accruals, adjustments, and management assumptions that went into the financial statements are often explained in the footnotes to the statements and in Management s Discussion and Analysis. Because adjustments and assumptions within the financial s
43、tatements are to some extent at the discretion of management, the possibility exists that management can try to manipulate or misrepresent the company s financial performance. With this information, the analyst can better judge how well the financial statements reflect the company s true performance
44、, and in what ways he needs to adjust the data for his own analysis. Whether or not the company is adhering to GAAP is addressed in the auditor s opinion, not the footnotes.4.The Management Discussion and Analysis(MD&A) portion of the financial statements: A. is not required by the SEC. B. includes
45、audited disclosures that help explain the information summarized in the financial statements. C. includes such items as discontinued operations, extraordinary items, and other unusual or infrequent events.（分数：1.00）A.B.C. 解析：The MD&A provides an assessment of the financial performance and condition o
46、f the company from the perspective of the company and is required by the SEC. It includes many areas including such items as discontinued operations, extraordinary items, and other unusual or infrequent events. The MD&A is typically not audited. The statement of comprehensive income reports the chan
47、ge in equity from transactions and from non-owner sources.5.The best description of the general ledger is that it: A. groups accounts into the categories that are presented in the financial statements. B. shows if new entries need to be recorded and reflected in an adjusted trial balance. C. sorts t
48、he entries in the general journal by account.（分数：1.00）A.B.C. 解析：Information flows through an accounting system in four steps: (1) Journal entries record every transaction, showing which accounts are changed by what amounts. A listing of all the journal entries in order by date is called the “general
49、 journal“. (2) The general ledger sorts the entries in the general journal by account. (3) At the end of the accounting period, an initial trial balance is prepared that shows the balances in each account. If any adjusting entries are needed, they will be recorded and reflected in an adjusted trial balance. (4) The account balances from the adjusted trial balance are presented in the financial statements.6.Which of the following statements represents information at a specific point in time?（分数：1.00）A.A. The income statement. B.B. The balance sheet. C.C.
