題目

The following extract is taken from a draft version of company’s statement of cash flows, prepared by a trainee accountant.

???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? $000

Net cash flow from operating activities Profit before tax Depreciation charges??????????????????????????? 484

Profit on sale of property, plant and equipment??????????????????????????????????????????????????????????????????????????? 327

Increase in inventories????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ?35?

Decrease in trade and other receivables????????????????????????????????????????????????????????????????????????????????????? (74)

Increase in trade payables?????????????????????????????????????????????????????????????????????????????????????????????????????????? ?(41)

Cash generated from operations????????????????????????????????????????????????????????????????????????????????????????????????????29?

????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? 760

Four possible mistakes that may have been made by the trainee accountant are listed below.

1?The profit on sale of property, plant and equipment should be subtracted, not added.

2?The increase in inventories should be added, not subtracted.

3?The decrease in trade and other receivables should be added, not subtracted.

4?The increase in trade payables should be subtracted, not added.

Which of the four mistakes did the trainee accountant make when preparing the draft statement?

A

1?and?2 only

B

1?and?3 only

C

2?and?4 only

D

3?and4 only

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Chapter22Statementsofcashflows

The corrected extract is as follows:

?????????????????????????????????????????????????????????????????????????????????????? $!000

Net cash flow from operating activities Profit before tax?484

Depreciation charges???????????????????????????????????????????????????? ?327

Profit on sale of property, plant and equipment?????????????(35)

Increase in inventories???????????????????????????????????????????????????(74)

Decrease in trade and other receivables???????????????????????? 41

Increase in trade payables???????????????????????????????????????? ?? ? 29

Cash generated from operations???????????????????????????????? ?772

多做幾道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

?The accruals concept

C

The going concern concept

D

?The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

?The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1?and?2

B

2?and?3

C

?1?and?4

D

3?and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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