"Financial Report":non-GAAP financial measure

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來(lái)源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/12/02 10:30:01　字體：大小

學(xué)習(xí)是一個(gè)不斷積累的過(guò)程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢(mèng)想成真！

Questions 1:

Accounting choices within GAAP that decrease reported performance in the current period and may increase performance in later periods are most likely examples of:

A、 aggressive accounting.

B、 conservative accounting.

C、 earnings that are not sustainable.

Questions 2:

Which of the following items is a non-GAAP financial measure?

A、 Net income after taxes

B、 Income from operations

C、 EBITDA

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. Conservative accounting choices decrease the company’s reported performance and financial position in the current period and may increase its reported performance and financial position in later periods.

A is incorrect because aggressive accounting choices have the opposite effect of increasing the company’s reported performance and financial position in the current period and may decrease its reported performance and financial position in later periods

C is incorrect because conservative accounting such as decreasing current reported performance and increasing later reported performance does not typically create a sustainability issue.

【Answer to question 2】C

【analysis】

C is correct. EBITDA is a non-GAAP financial measure. The SEC prohibits the exclusion of charges or liabilities requiring cash settlement from any non-GAAP liquidity measures other than EBIT and EBITDA.

A is incorrect because net income after taxes is a GAAP-compliant financial measure that should be defined, calculated, and presented consistently with the same measure on income statements of other US-based publicly traded companies.

B is incorrect because income from operations is a GAAP-compliant financial measure that should be defined, calculated, and presented consistently with the same measure on income statements of other US-based publicly traded companies.

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無(wú)天才，高手都是來(lái)自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績(jī)，其成績(jī)背后無(wú)比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。

點(diǎn)擊了解更多CFA考試資訊>>

上一篇："Financial Report":A responsibility of t...

下一篇："Financial Report":Profit/loss or income