BFA 题库 Week 1BFA 题库 Week 1.docVIP

1. ? ? People who lend money to a business are most interested in knowing - ? ? Student Response Value Feedback a. how profitable the business is 0% ? b. whether the business has promising growth opportunities 0% ? c. whether the business is being managed effectively and efficiently 0% ? d. whether the business is able to meet its interest and loan repayment obligations as they become due 100% Yes, while lenders will not disregard the other factors, they will be most interested in whether the business is able to repay them on time. ? ? Score: 1/1 ? 2. ? ? An accounting system comprises four procedures that are performed in the following order - ? ? Student Response Value Feedback a. identifying relevant information; recording information; analysing and interpreting information; reporting information 100% Yes, you have identified the correct sequence. ? b. recording information; analysing and interpreting information; identifying relevant information; reporting information 0% ? c. analysing and interpreting information; recording information; identifying relevant information; reporting information 0% ? d. identifying relevant information; analysing and interpreting information; recording information; reporting information 0% ? ? Score: 1/1 ? 3. ? ? If an accounting report contains information that is not biased or inaccurate then we say that report is - ? ? Student Response Value Feedback a. relevant 0% ? b. reliable 100% Yes, these two factors do ensure that information is reliable. ? c. understandable 0% ? d. comparable 0% ? ? Score: 1/1 ? 4. ? ? Which one of the following statements is false? To make a financial report relevant - ? ? Student Response Value Feedback a. it may be necessary to sacrifice some reliability when producing the report 0% ? b. it is essential that the report has the ability to influence decisions 0% ? c. the report must not b