博洋CFA春季培训 CFA考前百题13-15

13. If a company capitalizes an expenditure related to capital assets instead of expensing it, ignoring taxes, the company will most likely report:
    A. the same free cash flow to the firm (FCFF) in that period.
    B. a lower cash flow per share in that period.
    C. a higher earnings per share in future periods.

答案A. 一个简单的事实：会计记账方法的变化不会改变Cash Flow。不同的会计处理方法，无论是Depreciation方法的改变还是Expense/Capitalized，如果不考虑Tax的变化，只会影响Accounting Balance(Asset, Liabilities, Equity, Income, Expense),不会影响Cash Flow

14. Which of the following is least likely to be an acceptable approach for accounting standard setting bodies to use when developing accounting standards?
    A. Objectives-oriented
    B. Rules-based
    C. Revenue/expense-based
    答案C
    Standard Setting：IFRS属于 Principles-based. 传统上GAAP属于Rule-based, 近年来向Objectives-oriented 转变。C不属于Standard Setting.

15.For a company that prepares its financial statements under IFRS, for which of the following assets is it most likely that it could report using the fair value model?
A. A building owned by the company and leased out to tenants
B. Houses built by the company for sale to customers
C. A building the company owns and uses to house its administrative activities
Answer = A
IFRS允许 Investment property 使用fair Value(市场价格）记账。
Investment Property 定义是公司持有这项不动产的目的是获得租金或者房价升值收益。A项符合。