开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

胖胖 · 2023年10月09日

Which statement says investment income was classified as CFI?

  1. CFA II
  2. FRA

NO.PZ2023040501000123

问题如下：

Anish Shah is doing a credit analysis on Silver Maple College (SMC), a mid-sized private university seeking to place a bond issue to finance a new sports facility on campus. SMC is established as a not-for-profit organization and prepares its financial statements using IFRS.

Shah’s credit rating will also consider the quality of SMC’s cash flows. With the planned issuance of a bond, Shah is concerned that attempts may have been made by SMC to increase cash flow from operations. He decides to use a conceptual framework to assess the quality of the financial reports. He starts by reviewing the Statement of Cash Flows and notes that SMC’s principal sources of operating cash inflows arise from tuition fees, investment income from the school’s large endowment fund and, in 2015, the receipt of a significant donation from a graduate in return for the naming rights to the proposed new sports facility. He also notes that investment income was classified as an investing activity in the previous years’ financial statements which were not restated.

Based on his review of the statement of cash flows and the classification of investment income, the most appropriate conclusion Shah can reach on his assessment of the quality of SMC's financial report is that the report is:

选项：

A.

within GAAP (generally accepted accounting principles) but contains biased choices.

B.

GAAP and decision useful.

C.

non-compliant accounting.

解释：

SMC follows IFRS which allows investment income to be classified as either an operating activity or an investing activity, therefore the choice is GAAP compliant. But the change in classification could be considered a biased, or opportunistic, choice if the university were trying to increase its cash flow operations in a year when it was issuing debt. The fact that the previous years were not restated would not

Which statement says investment income was classified as CFI?


"He starts by reviewing...." This still says it is part of investing activity. I am confused to where it says last year where investment income was classified as CFI?

添加评论
1 个答案

王园圆_品职助教 · 2023年10月09日

同学你好，请看以下题目截图灰色部分，这里说了上一年学校就把投资收入计入CFI了


  • 1

    回答

  • 0

    关注

  • 184

    浏览
相关问题

NO.PZ2023040501000123 问题如下 Anish Shis ing a cret analysis on Silver Maple College (SMC), a misizeprivate university seeking to plaa bonissue to finana new sports facility on campus. SMC is establishea not-for-profit organization anprepares its financistatements using IFRS.Shah’s cret rating will also consir the quality of SMC’s cash flows. With the planneissuanof a bon Shis concernethattempts mhave been ma SMC to increase cash flow from operations. He cis to use a conceptuframework to assess the quality of the financireports. He starts reviewing the Statement of Cash Flows annotes thSMC’s principsources of operating cash inflows arise from tuition fees, investment income from the school’s large enwment funan in 2015, the receipt of a significant nation from a graate in return for the naming rights to the proposenew sports facility. He also notes thinvestment income wclassifieinvesting activity in the previous years’ financistatements whiwere not restateBaseon his review of the statement of cash flows anthe classification of investment income, the most appropriate conclusion Shcreaon his assessment of the quality of SMC's financireport is ththe report is: A.within GA(generally accepteaccounting principles) but contains biasechoices. B.GAancision useful. C.non-compliant accounting. SMC follows IFRS whiallows investment income to classifieeither operating activity or investing activity, therefore the choiis GAcompliant. But the change in classification coulconsirea biase or opportunistichoiif the university were trying to increase its cash flow operations in a yewhen it wissuing bt. The faththe previous years were not restatewoulnot 严重到什么程度才算“non-compliant accounting”呢

2024-05-21 22:16 1 · 回答

NO.PZ2023040501000123问题如下 Anish Shis ing a cret analysis on Silver Maple College (SMC), a misizeprivate university seeking to plaa bonissue to finana new sports facility on campus. SMC is establishea not-for-profit organization anprepares its financistatements using IFRS.Shah’s cret rating will also consir the quality of SMC’s cash flows. With the planneissuanof a bon Shis concernethattempts mhave been ma SMC to increase cash flow from operations. He cis to use a conceptuframework to assess the quality of the financireports. He starts reviewing the Statement of Cash Flows annotes thSMC’s principsources of operating cash inflows arise from tuition fees, investment income from the school’s large enwment funan in 2015, the receipt of a significant nation from a graate in return for the naming rights to the proposenew sports facility. He also notes thinvestment income wclassifieinvesting activity in the previous years’ financistatements whiwere not restateBaseon his review of the statement of cash flows anthe classification of investment income, the most appropriate conclusion Shcreaon his assessment of the quality of SMC's financireport is ththe report is: A.within GA(generally accepteaccounting principles) but contains biasechoices.B.GAancision useful.C.non-compliant accounting. SMC follows IFRS whiallows investment income to classifieeither operating activity or investing activity, therefore the choiis GAcompliant. But the change in classification coulconsirea biase or opportunistichoiif the university were trying to increase its cash flow operations in a yewhen it wissuing bt. The faththe previous years were not restatewoulnot 答案第一句说的不是人话啊，SMC遵守国际准则which允许投资收入计入CFO或CFI，因此选择是遵守美国准则的。我翻译的有问题吗？

2023-09-22 22:48 1 · 回答

NO.PZ2023040501000123 问题如下 Anish Shis ing a cret analysis on Silver Maple College (SMC), a misizeprivate university seeking to plaa bonissue to finana new sports facility on campus. SMC is establishea not-for-profit organization anprepares its financistatements using IFRS.Shah’s cret rating will also consir the quality of SMC’s cash flows. With the planneissuanof a bon Shis concernethattempts mhave been ma SMC to increase cash flow from operations. He cis to use a conceptuframework to assess the quality of the financireports. He starts reviewing the Statement of Cash Flows annotes thSMC’s principsources of operating cash inflows arise from tuition fees, investment income from the school’s large enwment funan in 2015, the receipt of a significant nation from a graate in return for the naming rights to the proposenew sports facility. He also notes thinvestment income wclassifieinvesting activity in the previous years’ financistatements whiwere not restateBaseon his review of the statement of cash flows anthe classification of investment income, the most appropriate conclusion Shcreaon his assessment of the quality of SMC's financireport is ththe report is: A.within GA(generally accepteaccounting principles) but contains biasechoices. B.GAancision useful. C.non-compliant accounting. SMC follows IFRS whiallows investment income to classifieeither operating activity or investing activity, therefore the choiis GAcompliant. But the change in classification coulconsirea biase or opportunistichoiif the university were trying to increase its cash flow operations in a yewhen it wissuing bt. The faththe previous years were not restatewoulnot He also notes thinvestment income wclassifieinvesting activity in the previous years’ financistatements。这句不是说投资收入列为了投资活动这一类嘛，有什么问题吗？

2023-07-27 16:09 1 · 回答