Wer die CPA Financial Reporting besteht, belegt seine Kompetenz mit einem anerkannten Herstellerzertifikat. Fast2test unterstützt Sie dabei mit 80 Übungsfragen zur FR Prüfung, die inhaltlich eng am offiziellen Prüfungsrahmen erstellt wurden.

CPA FR Prüfungsübersicht:

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FAQ: Alles Wichtige zur CPA FR Zertifizierungsprüfung

CPA Financial Reporting FR Prüfungsfragen mit Lösungen

Frage #1

View-Find Inc. manufactures and sells complex electronic microscope for scientific research projects. It usually produces standard type andcustomizedmicroscope. The sale contract states that View-find Inc. will undertake the entire installation process. During December 2012, View-find Inc. undertakes acustomizedoffer from State Metallurgical Engineering University of Nowhere. The contract states that View-Find Inc. will manufacture, install and maintain the whole consignment for a period of one year. The total cost of making the changes during the maintenance period cannot be reasonably estimated at the time of the installation.
When should the revenue from sale of this special machine berecognized?

A. When the machinery is produced.
B. When the maintenance period as per the contract of sale expires.
C. When the installation is complete.
D. When the machinery is produced and delivered.

Frage #2

On 1 July 2012 Verity Ltd entered into a finance lease agreement. The terms of the agreement provided for annual payments of $5,000 on 1 July each year. The asset had a fair value at the inception of the lease of $25,000. $750 of interest in relation to this agreement was paid and charged to the income statement in the year ended 30 June 2013.
In addition to the above transaction, on 1 October 2012 Verity Ltd purchased a machine for cash of $6,500.
In accordance with IAS 7 Statement of Cash Flows, how should the above transactions be reflected in Verity Ltd's statement of cash flows for the year ended 30 June 2013?

A. $10,750 as investing outflows, $750 as an operating outflow
B. $31,500 as investing outflows
C. $6,500 as an investing outflow, $4,250 as a financing outflow, $750 as an operating outflow
D. $6,500 as an investing outflow, $5,000 as a financing outflow

Frage #3

One plc has owned 100% of Ten Ltd and 60% of Six Ltd for many years. At 31 December 2012 the trade receivables and trade payables shown in the individual company statements of financial position were as follows.
One plcTen LtdSix Ltd $000$000$000 Trade receivable 503040 Trade payable 301520 Trade payable are made up as follows Amount owning to One--Ten 2-4 Six 3-Other suppliers251516
301520
The intra-group accounts agreed after taking into account the following.
1)An invoice for $3,000 posted by Ten Ltd on 31 December 2012 was not received by One pIc until 2 January 2013
2)A cheque for $2,000 posted by One pIc on 30 December 2012 was not received by Six Ltd until 4 January 2013.
What amount should be shown as trade receivables in the consolidated statement of financial position of One plc for the year ended 31 December 2012?

A. $106,000
B. $111,000
C. $56,000
D. $109,000

Frage #4

Waterloo plc acquired a freehold building for cash, financed in full by issuing 166,000 $1 ordinary shares at a premium of $2 per share.
In its statement of cash flows prepared in accordance with IAS 7 Statement of Cash Flows this transaction should be stated as:

A. Inflow nil, outflow $498,000
B. Inflow nil, outflow nil
C. Inflow $498,000, outflow nil
D. Inflow $498,000, outflow $498,000

Frage #5

Ant plc purchased 80% of Pillar Ltd's ordinary shares on 1 July 2010 for $2,360,000 when the fair value of Corfu Ltd's net assets was $2,240,000.
As at 30 June 2012 Ant plc hadrecognizedimpairments in respect of goodwill arising on the acquisition of Pillar Ltd amounting to $100,000.
On 30 June 2013, Ant plc sold all its shares in Pillar Ltd for $3,600,000. The net assets of Pillar Ltd were $3,310,000 at the date of disposal.
What is the profit on disposal of the shares in Pillar Ltd which should be included in the consolidated income statement of Ant plc for the year ended 30 June 2013?

A. $384,000
B. $270,000
C. $952,000
D. $484,000

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