首页 > 学习资料
CFA报名、考试、查分时间、免费短信提醒
级别
手机号
验证码
CFA一级考试真题及答案解析
摘要经过 高顿财经 CFA小编的整理, 特汇总如下CFA考试中重点题目,仅供CFA小伙伴们参考: 、单项选择题(本题型共5小题,每小题20分,每小题只有一个正确答案,请从每小题的备选答案中选出一个你认为最正确的答案,在答题卡相应位置上用2B铅笔填涂相应的答案代码

      经过高顿财经CFA小编的整理, 特汇总如下CFA考试中重点题目,仅供CFA小伙伴们参考:

  —、单项选择题(本题型共5小题,每小题20分,每小题只有一个正确答案,请从每小题的备选答案中选出一个你认为较正确的答案,在答题卡相应位置上用2B铅笔填涂相应的答案代码,答案写在试题卷上无效)

  1、In case of a decline in LIFO reserve,to obtain a better analysis an analyst should:

  A)adjust the income statement,only if such a decline is due to LIFO liquidation.

  B)not make any adjustments.

  C)adjust the income statement,regardless of the reasons for the decline.

  2、Given the following data:

  Beginning LIFO Reserve$2,300

  Cost of Goods Sold(COGS)using LIFO$6,100

  COGS using FIFO of$4,300

  What is the Ending LIFO reserve?

  A)$4,100.

  B)$500.

  C)$2,800

  3、Earlier this year,Barracuda Company issued 5,000 employee stock options.Recently,2,000 options were exercised at a price of$10 per share.To avoid dilution,Barracuda purchased 2,000 shares at an average price of$12 per share.Barracuda reported both transactions as financing activities in its cash flow statement.For analytical purposes,what adjustment is necessary to better reflect the substance of the stock repurchase?

  Operating cash flow Financing cash flow

  A.Decrease$4,000 No adjustment

  B.No adjustment Increase$4,000

  C.Decrease$4,000 Increase$4,000

  4、Using the lower of cost or market principle under U.S.GAAP,if the market value of inventory falls below its historical cost,the minimum value at which the inventory can be reported in the financial statements is the:

  A.net realizable value.

  B.market price minus selling costs minus normal profit margin.

  C.net realizable value minus selling costs.

  5、Inventory,cost of sales,and gross profit can be different under periodic and perpetual inventory systems if a firm uses which inventory cost method?

  A.FIFO or weighted average cost,but not LIFO.

  B.LIFO or weighted average cost,but not FIFO.

  C.LIFO or FIFO,but not weighted average cost.

  Answer:

  1、solution:A

  A decline in LIFO reserve is due to either falling prices or LIFO liquidations.In the case of LIFO liquidation,the income statement does not reflect the current costs and should be adjusted.In the case of falling prices,the LIFO income statement amounts are current and do not need adjustment.

  2、solution:A

  Ending LIFO Reserve=(LIFO COGS?FIFO COGS)+Beginning LIFO Reserve=(6,100?4,300)+2,300=$4,100

  3、solution:B

  Barracuda reported a$4,000 net outflow from financing activities[2,000 options*($12 average market price-$10 exercise price)].However,since the options are a form of compensation,the$4,000 outflow should be reclassified as an operating activity for analytical purposes.This is accomplished by increasing financing cash flow$4,000 and decreasing operating cash flow$4,000.

  4、solution:B

  When inventory is written down to market,the replacement cost of the inventory is its market value,but the market value must fall between net realizable value(NRV)and NRV less normal profit margin.NRV is the market price of the inventory less selling costs.Therefore the minimum value is the market price minus selling costs minus normal profit margin.

  5、solution:B

  The LIFO and weighted average cost methods can provide different values for inventory,cost of sales,and gross profit depending on whether the firm uses a periodic or perpetual inventory system.FIFO produces the same values from either a periodic or perpetual inventory system.
 

cfa教材
cfa题库
cfa考试
  • 资料下载
  • 模拟题库
    23年CFA证书官方考试大纲
    已下载198份  2871KB
    CFA考试知识点全解析.pdf
    已下载328份  1327KB
    CFA一级知识结构梳理
    已下载134份  849KB
    CFA一级思维导图.pdf
    已下载642份  689KB
    更多资料 >
  • 相关推荐
  • 最新推荐
  • 随机推荐
CFA考试百科
CFA考试百科
特许金融分析师(Chartered Financial Analyst,简称CFA)代表全球投资行业最高水平并受到最高道德标准约束。CFA是由美国投资管理与研究协会(AIMR)于1963年开始设立的特许金融分析师职业资格认证。其职业考试每年举办两次,是世界上规模最大的职业考试之一,是当今世界证券投资与管理界普遍认可一种职称。