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IFRS ENG Test 3

Authored by Andrea Olaszi

Education

University

Used 4+ times

IFRS ENG Test 3
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21 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The tax statements are part of the IFRS reporting

Yes

No

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The maintenace cost is never recognised in the Gross value of the machines

Trues

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Dividen decesion by shareholders is:

Adjusting items

Non-adjusting items

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

The applied cost model(s) in IFRS for the inventories:

only FIFO

LAFO and

LIFO

Weighted avg

and

LIFO

Weighted avg

and

FIFO

5.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

The TTTruck Gross value is 144 000 EUR including the assembly cost. The assembly cost is 3 000 EUR. The total estimated km during the usefull life is 18 000.

The yearly km are: 7 200 km, 3 600 km, 7 200km.

How many years the usefull life?

6.

MULTIPLE SELECT QUESTION

45 sec • 4 pts

Frauds has to be managed in IFRS as:

Adjusting events

Non-retrospectively as the Accounting Policy change

Retrospectively as the Accounting Policy change

Retrospectively if occures in the prior period

7.

MULTIPLE CHOICE QUESTION

45 sec • 4 pts

Net realisable values test is

Impairment in IAS36 standard

Evalutaion of the stock

It is a sales price comparison

It is a stock true-up

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