对应课程:点击查看
起止时间:2020-12-29到2021-02-28
更新状态:已完结
Session 1 Review of fundamental accounting Chapter 1
1、 Which of the following is an internal user of a company’s financial information?
A:company treasurer
B:shareholder in the company
C:bank lending to the company
D:Customer
答案: company treasurer
2、 Which of the following is not a major standard-setting body responsible for the establishment of U.S. and International Financial Reporting Standards?
A:SEC (Securities Exchange Commission)
B:PCAOB (Public Company Accounting Oversight Board)
C:FASB (Financial Accounting Standards Board)
D:IASB (International Accounting Standards Board)
答案: PCAOB (Public Company Accounting Oversight Board)
3、 The balance sheet is a snapshot of a company’s financial position at a particular date.
A:正确
B:错误
答案: 正确
Session 2 The demand for and supply of financial accounting information Chapter 17 (page 1-32)
1、 The FASB and the IASB jointly issued a comprehensive principles-based revenue recognition Model entitled
A:Revenue Recognition.
B:Revenue from Contracts with Customers.
C:Principles of Revenue Recognition.
D:Principle-Based Rules of Revenue Recognition.
答案: Revenue from Contracts with Customers.
2、 The first step of the revenue recognition model is to identify the contract with the customer.
A:正确
B:错误
答案: 正确
3、 If a contract contains only one performance obligation, no allocation of the transaction price is ever needed to recognize revenue.
A:正确
B:错误
答案: 正确
Session 3 Revenue recognition I Chapter 17 (page 32-41)
1、 A construction project is expected to take two-and-a-half years to complete. Partial Billings is less than Construction in Progress. The two accounts are reported together on the balance sheet in the
A:current assets section.
B:long-term assets section.
C:current liabilities section.
D:long-term liabilities section.
答案: current assets section.
2、 Construction in Progress is an inventory account typically valued at on the balance sheet at net realizable value.
A:正确
B:错误
答案: 正确
Session 4 Cash and Receivables Chapter 6 Cash and Receivables
1、 Which of the following methods is not an appropriate method for estimating bad debt expense for companies whose uncollectible accounts are material?
A:percentage of net credit sales
B:percentage of outstanding accounts receivable
C:aging of accounts receivable
D:direct write-off method
答案: direct write-off method
2、 Which of the following is NOT an attribute of the Allowance for Uncollectible Accounts?
A: The balance in the account increases when an uncollectible account is written off.
B:It is a contra account.
C:It reduces Accounts Receivable.
D:It normally has a credit balance.
答案: The balance in the account increases when an uncollectible account is written off.
3、 The net price method of recording sales and receivables generally requires less record keeping and is more cost-effective.
A:正确
B:错误
答案: 错误
分析：The gross price method of recording sales and receivables generally requires less record keeping and is more cost-effective
Session 4 Cash and Receivables Chapter 7 Inventories (Page1~30)
1、 Using the FIFO method, the earliest purchases of inventory are assumed to be contained
A:on the balance sheet as part of ending inventory.
B:on the income statement as part of cost of goods sold.
C:equally split between the income statement and the balance sheet.
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