Test
Artikel Erb en Pelger
Preguntas del test (14)
1verifiability = Reliability + faithful representation
- AVerdadero
- BFalso
2Verifiability: no fair value
- AVerdadero
- BFalso
3Wat is nou de belangrijkste voor de kwaliteit van de informatie?
- AHet belangrijkste is dat informatie nuttig is voor de investeerders bij het maken van een beslissing.
- BDe uitoefening van conservatisme, in de vorm van een mate van behoedzaamheid, onder onzekere omstandigheden, door het niet overdrijven van het nettovermogen
- CDe afwezigheid van conservatisme, in de vorm van een respect voor neutraliteit, waarbij een opzettelijk understatement van de nettoactiva wordt vermeden
4What have Paton and Littleton (1940) identified?
- Averifiable, objective evidence, ensuring the ‘‘dependability of the accounts
- B‘‘impersonal and external to the person most concerned, in contrast with that person’s unsupported opinion or desire
- Cthe beginning of bookkeeping practices was based on using accounting the help people remember past transactions, because the human brain is limited
5accounting was defined by practical knowledge: ‘‘accounting is what accountants do’’
- AVerdadero
- BFalso
6accounting conventions are conservatism and consistency
- AVerdadero
- BFalso
7How we can achieved the reliability?
- AGuaranteeing that accounting information is a faithful representation of what it purports to represent, ‘‘coupled with an assurance for the user, which comes through verification, that it has that representational quality.
- BThus, representational faithfulness and verifiability are equally important components of reliability, supplemented by the related concept of neutrality
- Cfree from error and bias and faithfully represents
- DPractioners were strongly opposed to current values in financial statements
- Efaithful representation can be linked to the increasing influence and promotion of current value
8faithful representation can be linked to the increasing influence and promotion of fair value
- AVerdadero
- BFalso
9The reliability/faithful representation–discussion was associated with the conflict of fair value vs. historical cost
- AVerdadero
- BFalso
10The final framework document of IASB suggests anonymous support for the change to reliability
- AVerdadero
- BFalso
11What is as a description of neutrality:
- AOm betrouwbaar te zijn moet de jaarrekening free from bias zijn.
- Boorzichtigheid ondersteund de neutraliteit waardoor de jaarrekening niet over- en ondergewaardeerd is.
- CTo be reliable, the information contained in financial statements must be neutral, that is
- Dfree from bias
- EAssets or imcome are not overstated and liabilities or expenses are not understated.
- Fconceptually extends the boundaries of appropriate financial reporting
- Gthe original idea of the verifiability of accounting
- HThe absence of bias intended to attain a predetermined result or to induce a particular behaviour
- INeutrality is supported by the exercise of prudence
12Conservatism in the pre-2010 Framework was a balance of two considerations
- Athe exercise of conservatism, in the form of a degree of caution, under conditions of uncertainty, in not overstating net assets
- Bthe exercise of conservatism, in the form of a degree of caution, under conditions of uncertainty, in overstating net assets
- Cthe absence of conservatism, in the form of a respect for neutrality, avoiding a deliberate understatement of net assets
- Dthe absence of conservatism, in the form of a respect for reliability, avoiding a deliberate overderstatement of net assets
13The revised Framework states that for financial information to be?
- Auseful
- Brelevant
- Cfaithfully represent
- Dreliability
- EConservatism
14Why is the conceptual foundation of accounting conservatism continously changing?
- AIn revising the Conceptual Framework, the Board sought a balance between providing high-level
concepts and providing enough detail for the Conceptual Framework to be useful to the Board
and others. - BThe Board views the Conceptual Framework as a practical tool to help it develop Standards.
- CUsers of financial reports need information to help them assess management’s stewardship. The
Conceptual Framework explicitly discusses this need as well as the need for information that helps users assess the prospects for future net cash inflows to the entity. - Dthe Board clarified the roles of prudence, measurement uncertainty and substance over form
in assessing whether information is useful.
- AIn revising the Conceptual Framework, the Board sought a balance between providing high-level
Información
- Descripción
- El usuario ha eliminado su información de asignaturas Test sobre Artikel Erb en Pelger, creado por Usuario eliminado el 12/05/2019.
- Autor
- Usuario eliminado
- Idioma
- English
- Visitas
- 14
- Historial
- Creado el 12 may 2019 · actualizado el 12 may 2019
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