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英文会計検定 1級

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Under ASC 606, how is “Variable Consideration” estimated?

Variable consideration is estimated using either the expected value (probability-weighted) or the m…

2026年5月18日

Under the acquisition method, “acquisition-related costs” (e.g., legal fees) are:

Legal, accounting, and other acquisition-related costs are expensed as incurred under ASC 805.

2026年5月18日

What does the “Settlement Rate” (Discount Rate) for pension obligations reflect?

The discount rate is the rate used to calculate the present value of the projected benefit obligati…

2026年5月18日

A “compound financial instrument” (like a convertible bond) is:

Unlike IFRS, US GAAP generally treats non-detachable convertible debt as a single liability instrum…

2026年5月18日

How is the “Right-of-Use” (ROU) asset initially measured?

The ROU asset is initially measured at the amount of the lease liability plus any initial direct co…

2026年5月18日

Which fund is used to account for the proceeds of specific revenue sources that are restricted?

Special Revenue Funds account for specific revenue sources that are restricted or committed to spec…

2026年5月18日

Unrealized gains on “Available-for-Sale” debt securities are reported in:

For AFS debt securities, changes in fair value are recorded in OCI until the security is sold.

2026年5月18日

What is the effect of a “Small Stock Dividend” (<20-25%) on Retained Earnings?

Small stock dividends are recorded by transferring the fair value of the shares from retained earni…

2026年5月18日

How is “Goodwill” tested for impairment under US GAAP?

Goodwill is not amortized but must be tested for impairment annually (or more frequently if indicat…

2026年5月18日

Which cost is capitalized despite being related to R&D activities?

Equipment or facilities with alternative future uses are capitalized as assets and depreciated over…

2026年5月18日