大学MOOC 会计学（双语）(武汉学院)1450291280 最新慕课完整章节测试答案

Thecontextandpurposeoffinancialreporting

1、单选题：
​Which groups of people are most likely to be interested in the financial statements of a sole trader?‌​1. Shareholders of the company‌​2. The business's bank manager‌​3. The tax authorities‌​4. Financial analysts‌
选项：
A: 1 and 2 only
B: 2 and 3 only
C: 2, 3 and 4 only
D: 1, 2 and 3 only
答案: 【 2 and 3 only】

2、单选题：
‎Which of the following are advantages of trading as a limited liability company?‍‎1  Operating as a limited liability company makes raising finance easier because additional shares can be issued to raise additional cash.‍‎2  Operating as a limited liability company is more risky than operating as a sole trader because the shareholders of a business are liable for all the debts of the business whereas the sole trader is only liable for the debts up to the amount he has invested.‍‎‍
选项：
A: 1 only
B: 2 only
C: Both 1 and 2
D: Neither 1 or 2
答案: 【 1 only】

3、单选题：
‏Which of the following are TRUE of partnerships?‌‏1       The partners’ individual exposure to debt is limited.‌‏2       Financial statements for the partnership by law must be produced and made public.‌‏3       A partnership is not a separate legal entity from the partners themselves.‌‏‌
选项：
A: 1 and 2 only
B: 2 only
C: 3 only
D: 1 and 3 only
答案: 【 3 only】

Theregulatoryframework

1、单选题：
‍What is the role of the IASB？‌
选项：
A: Oversee the standard setting and regulatory process
B: Formulate international financial reporting standards
C: Review defective accounts     
D: Control the accountancy profession
答案: 【 Formulate international financial reporting standards】

Thequalitativecharacteristicsoffinancialinformation

1、单选题：
‎Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal use?​
选项：
A: The substance over form concept
B: The accruals concept
C: The going concern concept
D: The business entity concept
答案: 【 The business entity concept】

2、单选题：
‌Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and services have been received.‍‌Which accounting concept governs the above?‍
选项：
A: The substance over form concept
B: The materiality concept
C: The accruals concept
D: The duality concept
答案: 【 The accruals concept】

3、单选题：
​‏​According to the lASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful representation?‏​1  It is neutral ‏​2  It is relevant‏​3  It is presented fairly‏​4  It is free from material error‏​‏
选项：
A: 1 and 2
B: 2 and 3
C: 1 and 4
D: 3 and 4
答案: 【 1 and 4】

4、单选题：
​Listed below are some comments on accounting concepts.‌​1  In achieving a balance between concepts, the most important consideration is satisfying as far as possible the economic decision-making needs of users.‌​2  Materiality means that only items having a physical existence may be recognised as assets.‌​3  The substance over form convention means that the legal form of a transaction must always be shown in financial statements, even if this differs from the commercial effect.‌​Which, if any, of these comments is correct, according to the lASB's Conceptual Framework for Financial Reporting?‌
选项：
A: 1 only
B: 2 only
C: 3 only
D: None of them
答案: 【 1 only】

5、单选题：
‎Which, if any, of the following statements about accounting concepts and the characteristics of financial information are correct?‍‎1  The concept of substance over fo