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英文会計検定 1級

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What does the “Settlement” of a pension obligation involve?

A settlement is a transaction that eliminates the PBO and relieves the entity of responsibility for…

2026年5月18日

What is the effect of a “Tax Rate Decrease” on an existing Deferred Tax Liability (DTL)?

A decrease in the tax rate reduces the DTL, which results in a credit (benefit) to income tax expen…

2026年5月18日

Under the 5-step model, when does an entity recognize revenue?

Step 5 of ASC 606 requires revenue recognition when (or as) performance obligations are satisfied.

2026年5月18日

Under ASC 842, how is a lease classified if the asset is so specialized it has no alternative use?

The "no alternative use" criterion is one of the five tests that classify a lease as a finance leas…

2026年5月18日

How is the “Gain on a Bargain Purchase” reported in the consolidated financial statements?

A bargain purchase gain is recognized in earnings on the acquisition date.

2026年5月18日

In a business combination, what is the treatment for “In-Process R&D” acquired?

Acquired in-process R&D is recognized at fair value as an indefinite-lived intangible until complet…

2026年5月18日

Which inventory method results in the highest cost of goods sold during a period of rising prices?

LIFO matches the most recent (higher) costs against revenue, leading to a higher cost of goods sold.

2026年5月18日

Which “Valuation Technique” uses the amount required to replace the service capacity of an asset?

The cost approach (often replacement cost) reflects the amount that would be required to replace an…

2026年5月18日

How are “Available-for-Sale” debt securities reported when their fair value is less than amortized cost?

AFS debt securities are measured at fair value, and unrealized losses are generally recognized in O…

2026年5月18日

The “Numerator” in the Diluted EPS calculation for convertible bonds includes:

The interest expense (net of tax) that would have been saved if converted is added back to net inco…

2026年5月18日