题目内容（请给出正确答案）

[主观题]

Consolidated financial statements are presented on the basis that the companies within

the group are treated as if they are a single economic entity.

Which of the following are requirements of preparing consolidated financial statements？

(1)All subsidiaries must adopt the accounting policies of the parent in their individual financial statements

(2)Subsidiaries with activities which are substantially different to the activities of other members of the group should not be consolidated

(3)All entity financial statements within a group should normally be prepared to the same accounting year end prior to consolidation

(4)Unrealised profits within the group must be eliminated from the consolidated financial statements

A、(1)and (3)

B、(2)and (4)

C、(3)and (4)

D、(1)and (2)

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更多“Consolidated financial stateme…”相关的问题

第1题

When a parent is evaluating the assets of a potential subsidiary, certain intangible a

ssets can be recognised separately from goodwill, even though they have not been recognised in the subsidiary’s own statement of financial position.

Which of the following is an example of an intangible asset of the subsidiary which may be recognised separately from goodwill when preparing consolidated financial statements?

A、A new research project which the subsidiary has correctly expensed to profit or loss but the directors of the parent have reliably assessed to have a substantial fair value

B、A global advertising campaign which was concluded in the previous financial year and from which benefits are expected to flow in the future

C、A contingent asset of the subsidiary from which the parent believes a flow of future economic benefits is possible

D、A customer list which the directors are unable to value reliably

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第2题

At 1 April 2014, Tilly owned a property with a carrying amount of $800,000 which had a rem

aining estimated life of 16 years. The property had not been revalued. On 1 October 2014, Tilly decided to sell the property and correctly classified it as being ‘held-for-sale’. A property agent reported that the property’s fair value less costs to sell at 1 October 2014 was expected to be $790,500 which had not changed at 31 March 2015.

What should be the carrying amount of the property in Tilly’s statement of financial position as at 31 March 2015?

A.$775,000

B.$790,500

C.$765,000

D.$750,000

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第3题

Wilmslow acquired 80% of the equity shares of Zeta on 1 April 2014 when Zeta’s retained ea

rnings were $200,000. During the year ended 31 March 2015, Zeta purchased goods from Wilmslow totalling $320,000. At 31 March 2015, one quarter of these goods were still in the inventory of Zeta. Wilmslow applies a mark-up on cost of 25% to all of its sales.

At 31 March 2015, the retained earnings of Wilmslow and Zeta were $450,000 and $340,000 respectively.

What would be the amount of retained earnings in Wilmslow’s consolidated statement of financial position as at 31 March 2015?

A.$706,000

B.$542,000

C.$498,000

D.$546,000

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第4题

Under certain circumstances, profits made on transactions between members of a group need

to be eliminated from the consolidated financial statements under IFRS.

Which of the following statements about intra-group profits in consolidated financial statements is/are correct?

(i) The profit made by a parent on the sale of goods to a subsidiary is only realised when the subsidiary sells the goods to a third party

(ii) Eliminating intra-group unrealised profits never affects non-controlling interests

(iii) The profit element of goods supplied by the parent to an associate and held in year-end inventory must be eliminated in full

A.(i) only

B.(i) and (ii)

C.(ii) and (iii)

D.(iii) only

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第5题

Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the follow

ing terms:

The selling price of the car was $25,300. Latterly paid $12,650 (half of the cost) on 1 April 2014 and would pay the remaining $12,650 on 31 March 2016 (two years after the sale). Hindberg’s cost of capital is 10% per annum.

What is the total amount which Hindberg should credit to profit or loss in respect of this transaction in the year ended 31 March 2015?

A.$23,105

B.$23,000

C.$20,909

D.$24,150

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第6题

Faithful representation is a fundamental characteristic of useful information within the I

ASB’s Conceptual framework for financial reporting.

Which of the following accounting treatments correctly applies the principle of faithful representation?

A.Reporting a transaction based on its legal status rather than its economic substance

B.Excluding a subsidiary from consolidation because its activities are not compatible with those of the rest of the group

C.Recording the whole of the net proceeds from the issue of a loan note which is potentially convertible to equity shares as debt (liability)

D.Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with 0% (interest free) finance

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第7题

Each of the following events occurred after the reporting date of 31 March 2015, but befor

e the financial statements were authorised for issue.

Which would be treated as a NON-adjusting event under IAS 10 Events After the Reporting Period?

A.A public announcement in April 2015 of a formal plan to discontinue an operation which had been approved by the board in February 2015

B.The settlement of an insurance claim for a loss sustained in December 2014

C.Evidence that $20,000 of goods which were listed as part of the inventory in the statement of financial position as at 31 March 2015 had been stolen

D.A sale of goods in April 2015 which had been held in inventory at 31 March 2015. The sale was made at a price below its carrying amount at 31 March 2015

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第8题

Which of the following statements relating to intangible assets is true?A.All intangible a

Which of the following statements relating to intangible assets is true?

A.All intangible assets must be carried at amortised cost or at an impaired amount; they cannot be revalued upwards

B.The development of a new process which is not expected to increase sales revenues may still be recognised as an intangible asset

C.Expenditure on the prototype of a new engine cannot be classified as an intangible asset because the prototype has been assembled and has physical substance

D.Impairment losses for a cash generating unit are first applied to goodwill and then to other intangible assets before being applied to tangible assets

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第9题

Which of the following current year events would explain a fall in a company’s operating p

rofit margin compared to the previous year?

A.An increase in gearing leading to higher interest costs

B.A reduction in the allowance for uncollectible receivables

C.A decision to value inventory on the average cost basis from the first in first out (FIFO) basis. Unit prices of inventory had risen during the current year

D.A change from the amortisation of development costs being included in cost of sales to being included in administrative expenses

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