美国CPA考试试题解答.doc

美国CPA考试试题解答.doc美国CPA考试试题解答

　　 value 是exit price 还是entry price? M7

　　Question：

　　According to FAS 157, the fair value at initial recognition is:

　　a. The price paid to acquire the asset

　　b. The price paid to transfer or sell the asset

　　答案选择a, 但是我在课上清楚记得关于fair value是Exit price 脱手价格，但是答案解释中说是entry price?

　　Answer:

　　有关fair value measurement的定义，请参阅书P134Wiley, 2009 version第四行，它明确指出SFAS157 defines FV as the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date at exit price,这个应该是相对于卖方而言，是它的脱手价格。 而这个题目中有写at initial recognition，那么我认为这是相对于买方而言，是入账价格 at entry price。

　　 reserve。M8

　　Question:

　　有一个概念是关于：LIFO reserve, 它是inventory的contra account，它的目的是便于不同report之间的转换吗?关于书中FAR 2009 Wiley P197第27题的一道有关LIFO reserve的题目不是很明白。

　　Answer:

　　有关LIFO reserve，在书中可以找到相应的解释：P187倒数第二个段落Wiley, 2009 version，when a company uses LIFO for external reporting purposes and another inventory method for internal purposes, a LIFO reserve
account is used to reduce inventory from the internal valuation to the LIFO valuation. LIFO reserve is a contra account to inventory, and is adjusted up or down @ year end with a corresponding
increase or decrease to COGS. 它的意思是讲，如果一个公司在内部使用中用其他的计算方式计算存货，如FIFO, avg methods，而在对外的报表中，如给股东的年度报告和报税材料等使用LIFO，那么在它