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英文会計検定 1級

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How does a lessor classify a lease if the present value of payments exceeds “substantially all” of the fair value?

If any of the five criteria are met (including the 90% fair value test), the lessor classifies it a…

2026年5月18日

If a contract contains a significant financing component, how should the transaction price be adjusted?

The entity must adjust the promised amount of consideration for the effects of the time value of mo…

2026年5月18日

A “Summary of Significant Accounting Policies” is typically found:

The first note usually describes the accounting principles and methods used by the company.

2026年5月18日

How are changes in the fair value of a liability attributed to “instrument-specific credit risk” reported?

Under ASC 825, the portion of fair value change due to credit risk is recognized in OCI.

2026年5月18日

How is a change in accounting estimate handled under US GAAP?

Changes in accounting estimates are accounted for prospectively in the current and future periods.

2026年5月18日

Which value is used to measure an impairment loss on a held-for-use asset?

Once the recoverability test is failed, the impairment loss is the excess of carrying value over fa…

2026年5月18日

For an investment in a subsidiary, which method is typically used on the parent’s separate books?

On the separate financial statements of the parent, the equity method is commonly used to account f…

2026年5月18日

When should an employer accrue a liability for compensated absences (vacation)?

Liabilities for vacation pay are accrued in the period the service is rendered if they vest or accu…

2026年5月18日

Intercompany receivables and payables should be:

In consolidation, all intercompany balances must be eliminated to reflect only transactions with ex…

2026年5月18日

Which of the following is NOT a requirement for a segment to be an “operating segment”?

An operating segment does not need to be a separate legal entity; it is based on internal managemen…

2026年5月18日