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英文会計検定 1級

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How should acquisition-related costs, such as legal and finder fees, be treated in a business combination?

Acquisition costs are expensed as incurred and not included in the purchase price of the business.

2026年5月18日

Which type of hedge is used to offset the risk of changes in the fair value of a recognized asset or liability?

A Fair Value Hedge is designated to hedge the exposure to changes in the fair value of a recorded a…

2026年5月18日

Which component of Net Periodic Pension Cost is recognized as part of Other Comprehensive Income (OCI) initially?

Actuarial gains and losses are initially recognized in OCI and subsequently amortized into pension …

2026年5月18日

When is a loss contingency accrued under US GAAP?

A loss contingency must be accrued if the loss is both probable and reasonably estimable.

2026年5月18日

What is the primary criterion for consolidating a subsidiary under the voting interest model?

Consolidation is generally required when one entity owns a majority (more than 50%) of the voting i…

2026年5月18日

A temporary difference that results in future taxable amounts leads to what?

Future taxable amounts indicate that tax expense is recognized now but paid later, creating a liabi…

2026年5月18日

Under the equity method, how does the investor record their share of the investee net income?

The equity method requires increasing the investment account for the investor proportional share of…

2026年5月18日

Which step in the 5-step revenue recognition model involves determining the transaction price?

Step 3 of the ASC 606 model requires the entity to determine the transaction price for the contract.

2026年5月18日

What is the numerator for calculating Basic Earnings Per Share (EPS)?

Basic EPS is calculated by dividing net income available to common stockholders by the weighted-ave…

2026年5月18日

Under US GAAP, what is the measurement basis for inventory when using the FIFO method?

For FIFO and average cost methods, inventory is valued at the lower of cost or net realizable value…

2026年5月18日