financial decision planning week2 QUIZ 1

sb: financial accounting

Fair Value Accounting and Valuation in 3 Steps:   Asset or Liability Identification: The first step involves identifying the specific assets or liabilities that will be measured at fair value. This could include financial instruments, tangible assets, intangible assets, or other items on the balance sheet.   Market-Based Valuation Techniques: Fair value is determined using market-based valuation techniques. This may involve assessing current market prices, recent transactions, or employing valuation models such as discounted cash flows, comparable sales, or option pricing models.   Consistent Application and Disclosure: Fair value accounting requires consistent application of valuation methods across reporting periods. Additionally, transparency and disclosure are crucial, with companies providing detailed information about the inputs, assumptions, and methods used in fair value measurements.   Objective Type Question:   In fair value accounting, what is the primary purpose of…

A 28. Subject:- finance

Financial accounting Mcq 1.2 3 mark

Which of the following is an approach to value? Pick the best answer. Question 1 Select one: a.Discounted cash flow b. Asset based c. Comparable companies d. Industry rules of thumb

General accounting Mcq 1.2 3 mark

Financial Accounting

QUESTION 1 Which of the following events will NOT increase the demand for assets?   A. Decline in wealth   B. Increase in the asset return relative to other assets   C. Increase in asset liquidity   D. Decrease in the asset riskiness relative to other assets

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13 Under what circumstances under PFRS 9 can an entity classify financial assets that meet the amortized cost criteria as at FVTPL?  Group of answer choices  Where the instrument is held to maturity.  Where the business model approach is adopted.  Where the financial asset passes the contractual cash flow characteristics test. Not sure  If doing so eliminates or reduces an accounting mismatch.

Pre-Lecture Question 01 Which of the following is a characteristic of intangible assets?   1 They are all subject to amortization. 2 They are long-term in nature. 3 They are financial instruments. 4 They have physical existence.

Which statement is INCORRECT about subsequent measurement of intangible assets?   Q7 Select one: a. When using the cost model an entity should estimate the estimated useful life as well as the estimated residual value if the asset is determined to have an indefinite useful life b. When using the cost model an entity should estimate the estimated useful life as well as the estimated residual value if the asset is determined to have a definite useful life. c. The same model chosen by an entity should be used for all intangible assets in the same class. d. Intangible assets may be measured using either the cost model or the revalued cost model.

Three main goals of Asset Liability Management are all of the following except: Group of answer choices A. Stabilize net interest income D. Ensure mismatching of amounts between assets and liabilities is not too risky C. Maximize shareholder value B. Verify creditworthiness is acceptable

What is correct answer for this financial accounting mcq?

Explain why the value of an asset is its current market value and not what you paid for it? Why is it so important to have my assets properly valued (what need might arise)?  Explain why every individual needs some liquid assets.  What is the problem if the amount is too low?  What is the problem if the amount is too high?

Saved TB 02-91 According to the principle of conservatism, ... According to the principle of conservatism, when faced with uncertainty about the value of an item, a company should use the measure that avoids: Multiple Choice understating assets and liabilities. O overstating assets and liabilities. overstating assets and understating liabilities. O understating assets and overstating liabilities.

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