Decide Fast & Get 50% Flat Discount on This SPECIAL OFFER | Limited Time Offer - Ends In COUPON CODE: SAVE50%

Free AICPA CPA-Financial Questions

1. Page: 1/33
  Total 163 Questions
Question No 1

According to the FASB conceptual framework, the usefulness of providing information in financial statements is subject to the constraint of:

Choose the Choices:

Consistency.

Cost - benefit.

Reliability.

Representational faithfulness.

B
Question No 2

According to the FASB conceptual framework, which of the following attributes would not be used to measure inventory?

Choose the Choices:

Historical cost.

Replacement cost.

Net realizable value.

Present value of future cash flows.

D
Question No 3

According to the FASB conceptual framework, which of the following situations violates the concept of reliability?

Choose the Choices:

Data on segments having the same expected risks and growth rates are reported to analysts estimating future profits.

Financial statements are issued nine months late.

Management reports to stockholders regularly refer to new projects undertaken, but the financial statements never report project results.

Financial statements include property with a carrying amount increased to management's estimate of market value.

D
Question No 4

In the hierarchy of generally accepted accounting principles, APB Opinions have the same authority as AICPA:

Choose the Choices:

Statements of Position.

Industry Audit and Accounting Guides.

Issues Papers.

Accounting Research Bulletins.

D
Question No 5

What is the underlying concept that supports the immediate recognition of a contingent loss?

Choose the Choices:

Substance over form.

Consistency.

Matching.

Conservatism.

D
1. Page: 1/33
  Total 163 Questions
  
  Buy Now Latest Questions
Full Access
CPA-Financial Exam Features

In Just $79 Access Your All Questions

All Official Questions Types

Interactive Web-Based Practice Test Software

No Installation or 3rd Party Software Required

Practice your Exam Questions (Free Demo)

24/7 Customer Support

Buy Now
Full Access
CPA-Financial PDF Dumps

In Just $ Access All PDF Questions

All Official Question Types

PDF Practice Questions & Answers

Printable & Portable Format

Download PDF Questions (Free Demo)

24/7 Customer Support

Buy Now