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【AICPA备考干货】FAR单项选择题练习及解析

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发表于 2018-9-27 11:18:25 | 显示全部楼层 |阅读模式

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人一天的碎片时间是很多很多的,对于上班族来说更是如此,上下班时的公交车、地铁时间,午间休息时间等,不要小看这些碎片时间,积少成多是很可观的。备战AICPA考试就要善于利用碎片时间看看书、做做题。就像现在,下班的途中做做模拟题,积累考点、经验,以便未来从容应对考试。



今天的模拟题是关于FAR科目的,小伙伴们我们开始吧!



1.Debt service fund resources that are subject to the terms and conditions of a bond indenture would be classified within fund balance as:

a. Assigned.

b. Non-spendable.

c. Restricted.

d. Committed.



2.The most restrictive classification of governmental fund balances listed below is titled:

a. Unassigned.

b. Assigned.

c. Reserved.

d. Committed.



3.Encumbrances would not appear in which fund?

a. General.

b. Enterprise.

c. Special revenue.

d. Capital projects.



答案及解析如下:



1.Debt service fund resources that are subject to the terms and conditions of a bond indenture would be classified within fund balance as:

a. Assigned.

b. Non-spendable.

c. Restricted.

d. Committed.



Explanation

Choice "c" is correct. Restricted fund balances represent resources whose use has been limited by such external sources as creditors (e.g., debt covenants), contributors, other governments, laws, constitutional provisions or enabling legislation.

Choice "b" is incorrect. Non-spendable fund balances represent resources in a form that cannot be spent (e.g., inventories or prepaid expenditures) or are legally or contractually required to remain whole (e.g., permanent fund principal).

Choice "d" is incorrect. Committed fund balances represent resources that can only be used for specific purposes pursuant to constraints imposed by formal action of the government's highest level of decision-making authority.

Choice "a" is incorrect. Assigned fund balances are constrained by the government's intent to be used for specific purposes but are neither restricted nor committed.



2.The most restrictive classification of governmental fund balances listed below is titled:

a. Unassigned.

b. Assigned.

c. Reserved.

d. Committed.



Explanation

Choice "d" is correct. The most restrictive classification of governmental funds listed in the answer selection is the "committed" classification. Committed funds are internally limited by formal action of the government's highest level of decision-making authority.

Choice "c" is incorrect. "Reserved" is not used as a classification within fund balances for governmental funds. Fund balances are classified, in order of level of constraint, as non-spendable, restricted, committed, assigned and unassigned.

Choice "b" is incorrect. Assigned resources are internally limited by organizational intent that does not rise to the level of either restriction or commitment.

Choice "a" is incorrect. Unassigned fund balances represent spendable resources that are the least limited as to use.



3.Encumbrances would not appear in which fund?

a. General.

b. Enterprise.

c. Special revenue.

d. Capital projects.



Explanation

Choice "b" is correct. An enterprise fund would not use encumbrance accounting. Encumbrance accounting is used in the governmental (GRaSPP) funds but is not used in the proprietary (SE) or fiduciary (PAPI) funds. Enterprise is the "E" in "SE".

Choice "d" is incorrect. A capital projects fund would use encumbrance accounting. Encumbrance accounting is used in the governmental (GRaSPP) funds but is not used in the proprietary (SE) or fiduciary (PAPI) funds. Capital projects is the first "P" in "GRaSPP".

Choice "c" is incorrect. A special revenue fund would use encumbrance accounting. Encumbrance accounting is used in the governmental (GRaSPP) funds but is not used in the proprietary (SE) or fiduciary (PAPI) funds. Special Revenue is the "R" in "GRaSPP".

Choice "a" is incorrect. The general fund would use encumbrance accounting. Encumbrance accounting is used in the governmental (GRaSPP) funds but is not used in the proprietary (SE) or fiduciary (PAPI) funds. The General fund is the "G" in "GRaSPP".

本文属宏景AICPA(aicpa.hongjingedu.com)原创分享,转载请注明出处。

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