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英文会計検定 1級

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How is “noncontrolling interest” (NCI) reported in the consolidated balance sheet?

NCI represents the portion of equity in a subsidiary not attributable to the parent and is shown in…

2026年5月18日

Where are the results of discontinued operations reported on the income statement?

Discontinued operations are reported separately, net of tax, after income from continuing operation…

2026年5月18日

What is the primary difference between a finance lease and an operating lease for a lessee?

Finance leases typically have front-loaded expense, while operating leases recognize a straight-lin…

2026年5月18日

In an exchange with commercial substance, how is the gain or loss generally recognized?

Exchanges with commercial substance require immediate recognition of the gain or loss based on fair…

2026年5月18日

Using the indirect method, how is a decrease in accounts receivable treated?

A decrease in accounts receivable implies cash was collected in excess of sales, so it is added bac…

2026年5月18日

If the market interest rate is higher than the contractual (coupon) rate, the bond will sell at:

Bonds sell at a discount when the market rate exceeds the coupon rate to provide a competitive yiel…

2026年5月18日

In a business combination, what is “goodwill” representing?

Goodwill is the residual amount after allocating the purchase price to the fair value of all identi…

2026年5月18日

Which method is prohibited under IFRS but allowed under US GAAP?

LIFO is not permitted under International Financial Reporting Standards but is widely used in the U…

2026年5月18日

What is the correct treatment for a change in tax rates regarding deferred tax assets and liabilities?

Deferred tax accounts must be adjusted for the effect of a change in tax laws or rates in the perio…

2026年5月18日

When an investment in debt securities is classified as held-to-maturity, how is it reported?

Held-to-maturity debt securities are reported at amortized cost on the balance sheet.

2026年5月18日