高顿项目

国内财会

国际财会

金融证书

公务员

考研

考研

继续教育

继续教育

在职硕博

学历学位

国企求职

军队文职

军队文职

职业提升

语言培训

出国留学

海外留学

报考指南

报考查询

招生简章

分数线

考试日历

资料中心

备考经验

择校择专

院校排名

全部

CIMA考试模拟试题<7>

来源：高顿网校 2015-03-18

　　Question Four

　　MX acquired 80% of the 1 million issued $1 ordinary share capital of FZ on 1 May 2009 for $1,750,000 when FZ’s retained earnings were $920,000.

　　The carrying value was considered to be the same as fair value with the exception of the following:

　　The carrying value of FZ’s property, plant and equipment at 1 May 2009 was $680,000. The market value at that date was estimated at $745,000. The remaining useful life of the property, plant and equipment was estimated at 5 years from the date of acquisition.

　　FZ had a contingent liability with a fair value of $100,000. There was no change to the value of this liability at the year-end.

　　MX estimates that the costs of reorganising the combined entity following acquisition will be $200,000.

　　MX depreciates all assets on a straight line basis over their estimated useful lives on a monthly basis.

　　FZ sold goods to MX with a sales value of $300,000 during the 8 months since the acquisition. All of these goods remain in MX’s inventories at the year end. FZ makes 20% gross profit margin on all sales.

　　The retained earnings reported in the financial statements of MX and FZ as at 31 December 2009 are $3.2 million and $1.1 million respectively. There has been no impairment to goodwill since the date of acquisition.

　　The group policy is to measure non-controlling interest at fair value at the date of acquisition. The fair value of non-controlling interest at 1 May 2009 was $320,000.

　　Required:

　　Calculate the amounts that will appear in the consolidated statement of financial position of the MX Group as at 31 December 2009 for:

　　(i)

　　Goodwill;

　　(ii)

　　Consolidated retained earnings; and

　　(iii)

　　Non-controlling interest.

　　(Total for Question Four = 10 marks)

　　TURN OVER May 2010 5 Financial Management

　　Question Five

　　You are a trainee accountant with a large accountancy firm and a training day has been organised to update all technical staff on a range of topics across various technical disciplines.

　　You have been asked to prepare a brief report for inclusion in the course notes which will be distributed to all staff attending the training day. The report is to cover the recent attempts at convergence between IFRS and US GAAP.

　　Required:

　　Prepare the report, explaining the progress to date of the convergence project. Include four examples of areas of accounting where convergence has been achieved.

　　(Total for Question Five = 10 marks)

　　(Total for Section A = 50 marks)

　　End of Section A

　　Section B starts on page 8

　　Financial Management

　　顿网校温馨贴士：各位考生，如果您在学习中遇到任何疑问，这里有CIMA考试备考指南，轻松学习，简单、高效，让考试So Easy！请登录高顿部落CIMA时与广大考生朋友们一起互动交流！进入论坛>>

精彩推荐：2015年CIMA考试指南专题 2015年CIMA考试常见问题汇总解析

版权声明：本条内容自发布之日起，有效期为一个月。凡本网站注明“来源高顿教育”或“来源高顿网校”或“来源高顿”的所有作品，均为本网站合法拥有版权的作品，未经本网站授权，任何媒体、网站、个人不得转载、链接、转帖或以其他方式使用。经本网站合法授权的，应在授权范围内使用，且使用时必须注明“来源高顿教育”或“来源高顿网校”或“来源高顿”，并不得对作品中出现的“高顿”字样进行删减、替换等。违反上述声明者，本网站将依法追究其法律责任。本网站的部分资料转载自互联网，均尽力标明作者和出处。本网站转载的目的在于传递更多信息，并不意味着赞同其观点或证实其描述，本网站不对其真实性负责。如您认为本网站刊载作品涉及版权等问题，请与本网站联系(邮箱fawu@gaodun.com，电话：021-31587497)，本网站核实确认后会尽快予以处理。

展开全文咨询在线

严选名师全流程服务

其他人还搜了热门推荐