[CFA模拟真题] 2006 CFA Level I －NO92 otherwise, principles, accounting, 2006, class

cfaedu

32．Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

 

Do the two conditions that must be met in order for revenue recognition to occur include the:

	completion of the earnings process?	receipt of payment?
A	No	No
B	No	Yes
C	Yes	No
D	Yes	Yes

Select exactly 1 answers from the following: A. B. C. D.
答案和详解如下！
Feedback: Correct answer: C

The Analysis and Use of Financial Statements, 3rd edition, Gerald I. White, Ashwinpaul C. Sondi and Dov Fried (Wiley, 2003), pp. 39

2006 Modular Level I, Vol. II, pp. 518-519

Study Session 7-31-b

explain the importance of the matching principle for revenue and expense recognition, identify the requirements for revenue recognition to occur, identify and describe the appropriate revenue recognition, given the status of completion of the earning process and the assurance of payment, and discuss different revenue recognition methods and their implications for financial analysis

 

The two conditions that must be met are the completion of the earnings process and the assurance of payment, not the actual receipt.

zxue2

C

redway

c

kristinejb

3

2tigers

c

xfire

[em01]

guis

c

wang905

re

zyx8318

[em03]

pippi

[em01]