CFA财务报表分析练习题"Financial Report":Long-Lived Assets
财务报告与分析中章节的设置是循序渐进、逐层深入的,前面介绍的术语在后面还会有详细的解释与探讨。
由于财务报告与分析本身自立体系,它是上市公司和报表使用人之间沟通交流的语言,所以学起来与外语学习有几分相似。
财务报告与分析一共分为四大部分
第一部分是扫盲阶段,主要介绍财务术语、体系等基本知识。
在此基础上,第二部分更深入地讲解财务报表编制以及财务报表分析的方法
进一步地,第三部分针对存在利润操纵空间的重点科目做详细、深入的讨论
最后,第四部分是前面三部分内容的综合应用
四大部分在考试中占比最大的是第二部分和第三部分,大概占财报分析所有题目的80%以上。其次是第一部分,占比10%左右。
由于第四部分是财务分析的综合应用,不太适合一级的出题形式,所以出题比例相对比较少,大概占5%左右
cfa
"Financial Report":Long-Lived Assets

Questions 1:

If an analyst is concerned about the liquidity of a company’s inventory,he would most likely look in the notes to the financial statements to determine the:
A、amount of inventories recognized as expense during the period.
B、cost formula or inventory valuation method used.
C、breakdown of inventory between work in progress and finished goods.

【Answer to question 1】C

【analysis】
C is correct.The breakdown between work in progress and finished goods provides liquidity information because finished goods are ready to ship and thus more liquid than work in progress.
A is incorrect.The amount of inventories expensed as cost of goods sold has no effect on the liquidity of the inventory on hand.
B is incorrect.The inventory valuation method used is unrelated to the liquidity of the inventory.

Questions 2:

The following information is available concerning a new showroom a company built.Construction started on 1 January 2012,and the grand opening was on 1 January 2014:
The depreciation expense(in millions)for the showroom in 2014 is closest to:
A、€1.0175.
B、€0.9575.
C、€0.8375.

【Answer to question 2】B

【analysis】
B is correct.Because the asset is self-constructed,the costs of specifically identifiable interest during the construction period can be capitalized and included in the cost of the showroom.
A is incorrect.It continues to capitalize the interest in 2014:(43.3+2.4–5.0)/40=1.0175.
C is incorrect.It does not include the capitalized interest:(38.5–5)/40=0.8375.
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