Test
Hoorcollege 2 - Fair Value
Preguntas del test (13)
1Wat is volgens de artikel van Erb en Pelger (2010) de doelstelling van de financiële verslaggeving?
- Athe single objective of financial reporting is providing useful information for valuation decisions
- BQualitative characteristics serve to operationalise this objective
- Cintroducing concepts which standard-setters can employ as arguments in the development of new or revised standards
- DDe enige doelstelling is het verstrekken van nuttige informatie voor beslissingen over de waardering.
- EKwalitatieve kenmerken dienen steeds gebruikt te worden om de accounting problemen te bepalen bij standaard setters.
2What is Decision Usefulness?
- Ade jaarrekening als middel tot informatieverschaffing om vermogenverschaffers te informeren
- BEvaluate the return potential of investment opportunities
- CEvaluate the managers to monitor the use of invested capital
3Book value = Recognition of (present value of) future dividends according to accounting
- AVerdadero
- BFalso
4Market Value= value of future dividends according to investors
- AVerdadero
- BFalso
5What are Qualitative Characteristics?
- Athe boundaries of what the standard-setters deem ‘‘appropriate’’ financial reporting
- Bprocedures to facilitate completion of a particular task
- CInformation is capable of making a difference in the decisions made by capital providers
6Why is it important to operationalise the objective of financial reporting?
- Athe recurrent use of qualitative characteristics in the framing of accounting problems by standard-setters, practitioners and academics
- BMindsets consist of a collection of judgment criteria and cognitive processes and procedures to facilitate completion of a particular task
- Cthe boundaries of what the standard-setters deem ‘‘appropriate’’ financial reporting
7Nolder & Kadous (2018): Professional skepticism can not be conceptualized as both a mindset and an attitude
- AVerdadero
- BFalso
8What is Relevance?
- AInformation is capable of making a difference in the decisions made by capital providers
- BPredictive and/or confirmatory value
- CCapable of making a difference whether the users use it or not
- DOnly material information is useful
- EMateriality: omission or misstatement would influence the decisions of the users
- FDepiction of an economic phenomenon is complete, neutral and free from material error!
- GComplete if depiction includes all information necessary
9Which one is description of Faithful Representation?
- ADepiction of an economic phenomenon is complete, neutral and free from material error!
- BComplete if depiction includes all information necessary
- CNeutral if there is absence of bias to attain a predetermined result
- DDisclose information about the degree of uncertainty that could lead to material errors
- EInformation shall be understandable
- FAssume that user has reasonable knowledge
- GNot an excuse not to report on complex issues
10Which one is description of Understandability?
- AInformation shall be understandable
- BAssume that user has reasonable knowledge
- CNot an excuse not to report on complex issues
- DInformation is available to decision makers before it loses its capacity to influence decisions
- Edo not equalize differences!
- FInformation is available to decision makers
11Which one is description of Timeliness?
- AInformation is available to decision makers before it loses its capacity to influence decisions
- BIt is achieved if different independent observers could reach the same conclusions about the respective economic phenomena
- CComparisons of different companies
12Which one is description of Verifiability
- AQuality of information that helps assure users that information faithfully represents the economic
phenomena (werkelijkheid). - BIt is achieved if different independent observers could reach the same conclusions about the respective economic phenomena
- AQuality of information that helps assure users that information faithfully represents the economic
13What is Comparability?
- AComparisons over time
- BComparisons of different companies
- CBut: do not equalize differences
- DAssume that user has reasonable knowledge
- ENot an excuse not to report on complex issues
Información
- Descripción
- El usuario ha eliminado su información de asignaturas Test sobre Hoorcollege 2 - Fair Value, creado por Usuario eliminado el 12/05/2019.
- Autor
- Usuario eliminado
- Idioma
- English
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- Historial
- Creado el 12 may 2019 · actualizado el 12 may 2019
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