CFA财务报表分析练习题之美国会计准则-高顿教育

CFA财务报表分析练习题之美国会计准则

高顿网校2021-06-29 09:28Raye

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CFA财务报表分析练习题＂Financial Report＂：Statement of American GAAP

财务报告与分析中章节的设置是循序渐进、逐层深入的，前面介绍的术语在后面还会有详细的解释与探讨。

由于财务报告与分析本身自立体系，它是上市公司和报表使用人之间沟通交流的语言，所以学起来与外语学习有几分相似。

财务报告与分析一共分为四大部分：

第一部分是扫盲阶段，主要介绍财务术语、体系等基本知识。

在此基础上，第二部分更深入地讲解财务报表编制以及财务报表分析的方法。

进一步地，第三部分针对存在利润操纵空间的重点科目做详细、深入的讨论。

最后，第四部分是前面三部分内容的综合应用。

四大部分在考试中占比最大的是第二部分和第三部分，大概占财报分析所有题目的80%以上。其次是第一部分，占比10%左右。

由于第四部分是财务分析的综合应用，不太适合一级的出题形式，所以出题比例相对比较少，大概占5%左右。

"Financial Report":Statement of American GAAP

Questions 1:

Greene Corporation uses the last-in,first-out(LIFO)inventory method,but most of the other companies in Greene’s industry use first-in,first-out(FIFO).To best compare Greene’s financial statements with its competitors’,an analyst would make which of the following adjustments to Greene’s ending inventory?It should be:

A、increased by the LIFO reserve.

B、decreased by the LIFO reserve.

C、increased by the change in the LIFO reserve for that period.

【Answer to question 1】A

【analysis】

A is correct.The analyst should add the ending balance in the LIFO reserve to the LIFO inventory to equal the ending balance for inventory on a FIFO basis:LIFO reserve=Inventory(FIFO)–Inventory(LIFO).

B is incorrect.Inventory(FIFO)=Inventory(LIFO)+LIFO Reserve

C is incorrect.Inventory(FIFO)=Inventory(LIFO)+LIFO Reserve

Questions 2:

The following information is available for a company that prepares its financial statements in accordance with US GAAP:

●It has production facilities with a net book value of$28.4 million.

●Recently,several other companies have entered the market,and the company now estimates that it will be able to generate cash flows of only$3 million per year for the next seven years with its facilities.

●The firm has a cost of capital of 10%.

Reflecting these recent events related to its production facilities,the company’s financial statements will most likely report(in millions)a:

A、$13.8 impairment loss on the income statement.

B、$7.4 reduction in the balance sheet carrying amount.

C、$13.8 reduction in operating cash flows.

【Answer to question 2】A

【analysis】