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英文会計検定 1級

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When a customer has a right of return, how is the “refund liability” measured?

The refund liability is recognized for the amount of consideration the entity does not expect to be…

2026年5月18日

Accumulated Other Comprehensive Income (AOCI) is reported in which section of the Balance Sheet?

AOCI is a component of equity, representing the cumulative balance of OCI items.

2026年5月18日

What is the required reporting frequency for public companies under SEC rules?

The SEC requires Form 10-Q (quarterly) and Form 10-K (annually) filings.

2026年5月18日

For a lessor, when is a lease classified as a “Direct Financing Lease”?

A lease is direct financing if no finance criteria are met, but both the PV test is met and a third…

2026年5月18日

Which of the following is NOT one of the three 10% significance tests for segments?

The three tests for reportable segments are based on Revenue, Assets, and the absolute value of Pro…

2026年5月18日

Where is the “provision for bad debts” (expense) located in the indirect method?

Bad debt expense is a non-cash charge that is added back to net income in the operating section.

2026年5月18日

A change from the LIFO method to the FIFO method is handled as a:

Moving from one acceptable GAAP method to another is a change in principle requiring retrospective …

2026年5月18日

If an exchange lacks commercial substance and no boot is received, the new asset is recorded at:

In an exchange lacking commercial substance with no boot, the book value of the old asset is used f…

2026年5月18日

How is a “contingent consideration” liability remeasured in subsequent periods?

Contingent consideration classified as a liability is remeasured to fair value at each reporting da…

2026年5月18日

Which of the following is a “Level 2” input in the fair value hierarchy?

Level 2 inputs are observable inputs other than quoted prices for identical assets, such as prices …

2026年5月18日