HOME
英文会計検定 1級

「英文会計検定 1級」の記事一覧

What is a “Repurchase Agreement” in revenue recognition?

A repurchase agreement is a contract where an entity sells an asset and promises (or has the option…

2026年5月18日

What does the “Acid-Test Ratio” (Quick Ratio) exclude from current assets?

The quick ratio focuses on highly liquid assets and excludes inventory and prepaid expenses.

2026年5月18日

Using the indirect method, a “decrease in inventory” is:

A decrease in inventory means more was sold than purchased, which is a source of cash added to net …

2026年5月18日

A change in the fair value of “Trading Securities” after the balance sheet date but before issuance is:

Changes in market prices after year-end are Type 2 events; they are disclosed but do not adjust yea…

2026年5月18日

What is the “Measurement Alternative” for equity investments without a readily determinable fair value?

ASC 321 allows equity investments without a fair value to be measured at cost adjusted for impairme…

2026年5月18日

Which of the following is NOT a required characteristic of a derivative?

Derivatives can be settled net in cash; physical delivery is not a requirement.

2026年5月18日

If a segment is reportable in the current year but was not in the prior year, what is required?

For comparability, prior period segment information should be restated to include the newly reporta…

2026年5月18日

When a company has a net loss, how are “Potentially Dilutive Securities” treated?

If including securities would increase EPS (or decrease loss per share), they are anti-dilutive and…

2026年5月18日

What is the measurement of impairment for a “Held-for-Sale” long-lived asset?

Assets held for sale are measured at the lower of their carrying amount or fair value less costs to…

2026年5月18日

How should “Dividends in Arrears” on cumulative preferred stock be reported?

Dividends in arrears are not a liability until declared; they must be disclosed in the notes.

2026年5月18日