CFA考试《CFA一级》历年真题精选及详细解析1007-1.docxVIP

1 1 CFA考试《CFA—级》历年真题精选及详细 解析1007-1 IS A COmPany WhiCh PrePareS its finanCiaI Statements in a cco rd a nce With IFRS in CUrred and CaPitaliZed €2 milli On Of development COStS during the year. TheSe COStS Were fully deductible immediately for tax purposes, but the COmPany is depreciating them OVer two years for finanCiaI reporting purposes. The COmPany has a IOng history Of PrOfitability WhiCh is expected to continue. WhiCh is the most appropriate Way for an analyst to inCOrPOrate the CIifferential tax treatment in his analysis? He ShOUId include it in:【单选题】 AeIiabiIities When CalCUlating the companys CUrrent ratio. B.equity When CalCUlating the companys return On equity ratio. C」iabilities When CalCUIating the COmPanys debt-to-equity ratio. 正确答案:C 答案解析:InCOme Taxes/ EIbie Antonites, CFA, and MiChael A. Broihahn, CFA 2011 MOdUlar LeVel I, VOL 3, pp. 460, 485-486, 490 StUdy SeSSiOn 9-38-i AnalyZe disclosures relating to deferred tax items and the effective tax rate recOnCiliatiOrb and CliSCUSS how informatiOn inCIUdeel in these disclosures affects a COmPanys financial Statements and finanCial ratios. The different treatment for tax PUrPOSeS and finanCiaI reporting PUrPOSeS is a temporary difference and WOUId Create a deferred tax liability. Deferred tax IiabiIitieS ShOUId be ClaSSified as debt if they are expected to reverse With SUbSeqUent tax Payments. The IOng history Of PrOfitability implies the COmPany WiIl Iikely be Paying taxes in the followi ng years and hence an an a Iyst COUld reasOnably expect the temporary difference to reverse. Under IFRS all deferred tax IiabiIitieS are non-current and therefore do not affect the CUrrent ratio. 2、 ACCOrdi ng to the In ter national ACCO Un ting Sta ndards Boards COnCePtUal FrameWOrk for FinanCiaI RePOrting, the two fundamental qualitative CharaCteriStiCS that make financial in forma 廿On USefUl are best described as:【单选题】 timeliness and accrual accoUnting? understandability and VerifiabiIity. relevance and faithful represe