下载APP
首页 > CFA > 试题中心 > 财务报表分析

"Financial Report":Earnings management

来源: 正保会计网校 2021-03-05
普通

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”。

点击了解更多CFA考试资讯>>

点击了解CFA无忧直达班>>

今日热搜
热点推荐:
CFA考试课程
CFA面授课程

CFA优享/旗舰面授课程

实时互动 备考无忧

大学生专享点击了解

CFA课程试听

扫码关注公众号
正保金融大讲堂

接收更多考试资讯

扫码找组织

有奖原创征稿
取消
复制链接,粘贴给您的好友

复制链接,在微信、QQ等聊天窗口即可将此信息分享给朋友
客服