快速查题-ACCA英国注册会计师试题

If a material event occurs after the reporting date but before the financial statements are authorised for issue outside the

organisation, and this event does NOT require adjustment, what information should be disclosed in the financial statements?

Which of the following items could appear in a company's statement of cash flows?

1 Surplus on revaluation of non-current assets

2 Proceeds of issue of shares

3 Proposed dividend

4 Irrecoverable debts written off

5 Dividends received

Part of the process of preparing a company's statement of cash flows is the calculation of cash inflow from operating activities.

Which of the following statements about that calculation (using the indirect method) are correct?

1 Loss on sale of operating non-current assets should be deducted from net profit before taxation.

2 Increase in inventory should be deducted from operating profits.

3 Increase in payables should be added to operating profits.

4 Depreciation charges should be added to net profit before taxation.

In the course of preparing a company's statement of cash flows, the following figures are to be included in the calculation of

net cash from operating activities

                                                                $

Depreciation charges                       980,000

Profit on sale of non-current assets    40,000

Increase in inventories                      130,000

Decrease in receivables                    100,000

Increase in payables                           80,000

What will the net effect of these items be in the statement of cash flows?

 Part of a company's draft statement of cash flows is shown below:

                                                             $!000

Net profit before tax                             8,640

Depreciation charges                         (2,160)

Proceeds of sale of non-current assets  360

Increase in inventory                             (330)

Increase in accounts payable                 440

The following criticisms of the above extract have been made:

1 Depreciation charges should have been added, not deducted.

2 Increase in inventory should have been added, not deducted.

3 Increase in accounts payable should have been deducted, not added.

4 Proceeds of sale of non-current assets should not appear in this part of the statement of cash flows.

Which of these criticisms are valid?

In preparing a company's statement of cash flows complying with IAS 7 Statements of Cash FIOWS  

 which, if any, of the following items could form part of the calculation of cash flow from financing activities?

  1 Proceeds of sale of premises

 2 Dividends received

 3 Bonus issue of shares 

Which of the following assertions about statement of cash flows is/are correct? 

1 A statement of cash flows prepared using the direct method produces a different figure for  operating cash flow from that

produced if the indirect method is used. 

2 Rights issues of shares do not feature in statements of cash flows. 

3 A surplus on revaluation of a non-current asset will not appear as an item in a statement of cash  flows. 

4 A profit on the sale of a non-current asset will appear as an item under Cash Flows from Investing  Activities in a statement

of cash flows. 

An extract from a statement of cash flows prepared by a trainee accountant is shown below. Cash flows from operating

activities  Net profit before taxation Adjustments for: Depreciation Operating profit before working capital changes Decrease in inventories Increase in receivables Increase in payables Cash generated from operations Which of the following criticisms of

this extract are correct?

1 Depreciation charges should have been added, not deducted.

2 Decrease in inventories should have been deducted, not added.

3 Increase in receivables should have been added, not deducted.

4 Increase in payables should have been added, not deducted.

 Which of the following items could appear in a company's statement of cash flows?

1 Proposed dividends

2 Rights issue of shares

3 Bonus issue of shares

4 Repayment of loan

IAS 7 requires the statement of cash flows to open with the calculation of net cash from operating

activities, arrived at by adjusting net profit before taxation.

Which one of the following lists consists only of items which could appear in such a calculation?