2008 CFA Level 1 － Sample 样题(1)－Q33 black, style, face, class

8586

33、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
Do the International Accounting Standards Board (IASB) conditions that must be met in order for revenue recognition to occur include the:

	measurement of the costs incurred?	receipt of payment?
A.	No	No
B.	No	Yes
C.	Yes	No
D.	Yes	Yes

A. Answer A

B. Answer B

C. Answer C

D. Answer D

      

33、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
Do the International Accounting Standards Board (IASB) conditions that must be met in order for revenue recognition to occur include the:

	measurement of the costs incurred?	receipt of payment?
A.	No	No
B.	No	Yes
C.	Yes	No
D.	Yes	Yes

A. Answer A

B. Answer B

C. Answer C

D. Answer D

      

[此贴子已经被作者于2008-11-7 16:04:10编辑过]

8586

Correct answer = C

"Understanding the Income Statement," Thomas R. Robinson, Hennie van Greuning, Elaine Henry, and Michael A. Broihahn
2008 Modular Level I, Vol. 3, pp. 146-147
Study Session 8-32-b
explain the general principles of revenue recognition and accrual accounting, demonstrate specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, and gross and net reporting of revenue), and discuss the implications of revenue recognition principles for financial analysis
The IASB conditions that must be met include that the costs incurred can be reliably measured and the assurance of payment, not the actual receipt. 

 

cxz0858

H

zjy1228

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Riverview

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刀剑如梦

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zhangxie83

c

oleander

c

gening

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isaisaisa

c