新用户扫码下载
扫码下载APP
及时接收最新考试资讯及
备考信息
"Financial Report":Earnings management
学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！
Questions 1:
Which of the following is lowest in quality on the spectrum of GAAP conforming financial reports?
A、 Aggressive accounting choices
B 、Earnings management
C 、Conservative accounting choices
Questions 2:
Which of the following techniques is most likely to provide a company with the opportunity to inflate earnings?
A、Reductions in the useful lives of fixed assets
B 、Last-in, first-out (LIFO) liquidation
C、 Increases to tax asset valuation allowances
View answer resolution
【Answer to question 1】B
【analysis】
B is correct. Earnings management represents deliberate actions to influence reported earnings and their interpretation. The distinction between earnings management and biased choices is subtle and, primarily, a matter of intent.
A is incorrect because aggressive accounting is a biased choice. Biased accounting choices are higher in quality than earnings management on the spectrum of GAAP conforming financial reports.
C is incorrect because conservative accounting is a biased choice. Biased accounting choices are higher in quality than earnings management on the spectrum of GAAP conforming financial reports.
【Answer to question 2】B
【analysis】
B is correct. The LIFO liquidation of low-cost inventory layers results in the transfer of low inventory costs to the income statement as costs of goods sold. With reduced costs of goods sold, reported earnings are higher.
A is incorrect. Reducing the useful lives of fixed assets results in faster depreciation, and hence higher reported depreciation expense and lower reported earnings.
C is incorrect. Increases to tax asset valuation allowances are equivalent to asset write-downs, which reduce reported earnings.
成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。
推荐阅读
新用户扫码下载
京公网安备 11010802044457号
