Chuẩn mực kế toán quốc tế P7

A 30% Associate - carrying value in the SFP = 1,000. The recoverable amount of the associate is 2,000. Has there been an impairment?

• Yes 400

• No

Daily sales and purchases, employee costs and general overheads comprise:

• Operating acitivities

• Investing activities

• Financing activities

• Component of cash and cash equivalents

The acquisition, and disposal, of long-term assets are:

• Operating acitivities

• Investing activities

• Financing activities

• Component of cash and cash equivalents

Activities that result in changes in the size (and composition) of the equity capital, and borrowings are:

• Operating acitivities

• Investing activities

• Financing activities

• Component of cash and cash equivalents

For an investment to qualify as a cash equivalent, it must be:

• Liquid and low risk

• Illiquid and low risk

• Liquid and medium risk

• Liquid and high risk

The carrying amount of property, plant and equipment was $410 million at 31 March 2011 and $ 680 million at 31 March 2012. During the year, property with a carrying amount of $ 210 million was revalued to $290 million. The depreciation charge for the year was $115 million. There were no disposals. What amount will appear on the statement of cash flows for the year ended 31 March 2012 in respect of purchases of property, plant and equipment?

• 270m

• 235m

• 305m

• 225m

Revenue is recognised as control is passed. Which of the following BEST DESCRIBES control with respect to the revenue recognition?

• It’s the ability to direct the use of and get almost all of the benefits from the asset

• It’s the promise to give the goods/services is separately identifiable

Let’s say you need 100,000 to build a house in 8 months but you’re going to use general current borrowings to fund yourself rather than getting a specific loan. Your current borrowings are: 1 million of 10% loan finance and 2 million of 6% loan finance. What borrowing costs should be capitalised?

• 4,888

• 10,000

Where do you put a gain or loss on a full disposal? Income statement

• right

• wrong

In which of the following situations is the net relisable value of an item of inventory likely to be lower than its cost?

• The production cost of the item has been falling

• The selling price of the item has been rising

• The item is becoming obsolete

• Demand for the item is increasing