[PDF] Top 20 CFA 2018 Quest Bank R23 Financial Reporting Standards Q Bank

... Accounting Standards Board’s Conceptual Framework, verifiability is the qualitative characteristic that means that different knowledgeable and independent users would agree that the information presented ... Lihat dokumen lengkap

... the Standards of Practice Handbook, a member has to protect the interests of his firm, refraining from any conduct that would deprive it of profit, or his skills and ...the CFA Institute Standards of ... Lihat dokumen lengkap

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... 51. Aztec Co. incurred and capitalized €2 million of development costs during the year. These costs were fully deductible immediately for tax purposes, but the company is depreciating them over two years for ... Lihat dokumen lengkap

... includes financial statement data (including book value of a company) and financial market data (market price of a ...as financial statement data is not reflected in a security‟s price in such ... Lihat dokumen lengkap

... 7. Andrew Corp. issues a bond to Brad Corp. worth $100,000. Interest rate payments schedule and rate have been agreed upon. However, due to Andrew’s financial instability, it may fail to make timely interest ... Lihat dokumen lengkap

... 6. IDC Asset Management Company has three funds: Premium Equity, Dynamic Bond Fund, and Small-Cap Growth Opportunities. The company claims GIPS compliance for Dynamic Bond Fund. IDC is defined as the firm. Assuming there ... Lihat dokumen lengkap

... 26. C is correct. An in-depth analysis of whether the financial statements are in accordance with the international accounting standards is part of the auditor’s scope. The analyst is required to check the ... Lihat dokumen lengkap

... Neither of Hibbert's recommendations to his compliance officer are specific requirements of the ROS. They are recommended policies designed to achieve compliance. While the ROS requires a firm claiming compliance to ... Lihat dokumen lengkap

... 18. Two analysts are discussing the converged standards issues by IASB and FASB in May 2014. Their comments are as follow: Analyst 1: Revenue recognition requires the application of a five-step process. The ... Lihat dokumen lengkap

... 31. SHM enterprise, a hypothetical company, owns several investment properties on which it earns rental income. It values the properties using the fair value model based on prevailing rental markets. SHM prepares its ... Lihat dokumen lengkap

... 15. In collecting information to conduct financial analysis on Budweiser‟s new product line of sparkling water, Simon Hayes found that Budweiser currently has a debt-to-equity ratio of 0.55 and the new product ... Lihat dokumen lengkap

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... 2. B is correct. Technical Analysis is based on trading data of security. This includes the price and volume data of past. The detail about the type and features of the security is not relevant for technical analysis. ... Lihat dokumen lengkap

... 17. PA Asset Management Company is defined as a firm according to GIPS standards. The firm‟s inception date is 1 January, 1998. It is now 1 January, 2014. The firm claims compliance with GIPS Standards from ... Lihat dokumen lengkap

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... 27. C is correct. Under US GAAP, companies that use the LIFO method must disclose in their financial notes the amount of the LIFO reserve or the amount that would have been reported in inventory if the FIFO method ... Lihat dokumen lengkap

... 4. A is correct. Aggressive accounting implies that the reported numbers are not consistent with the economic reality of the company; hence the reporting quality is low. Aggressive accounting leads to high ... Lihat dokumen lengkap

... 1. A is correct. Financial ratio analysis is limited by the use of alternative accounting methods. Accounting methods play an important role in the interpretation of financial ratios. The lack of ... Lihat dokumen lengkap

... 35. Kayla Donovan, CFA, works as a portfolio manager for MacBrady Securities & Co. Some of her wealthy and large clients hold long positions on Swift Delivery, which is a courier service. After analyzing her ... Lihat dokumen lengkap