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《 中级财务会计 II（ACCA） 》
……………………………………………………………

课程代码 103103 课程序号 0363/0370

2023 —— 2024 学年 第 1 学期

姓名 学号 班级

题号 1 2 3 4 5 6 7 8 9 10

答案

题号 11 12 13 14 15 16 17 18 19 20

答案

题号 21 22 23 24 25 26 27 28 29 30

答案

题号 31 32 33 34 35 36 37 38 39 40

答案
…………………………………………………

得分 Multiple Choice (100%，2.5%for each)

Choose the single BEST answer to each of the following questions.
€27,000
€7,000
€32,000
€12,000

60000*32/60-5*1000=27000
——
Treasury Shares for €33,000.
Treasury Shares for €30,000 and Retained Earnings y for €3,000.
Treasury Shares for €30,000 and Share Premium Treasury Stock for €3,000.
Treasury Shares for €36,000.

1
 Treasury share 1500*20 ；premium 1500*2
£50,000
£218,182
£250,000
£255,000
——
€97,187
€1,097,187
€847,187
€250,000

1000000-6%*1000000*3.23972-1000000*0.80843+1000000-1000*250=847187
——
€250,000.
€500,000.
€-0-.
€1,750,000.

宣告日不需要进行会计处理
——
A debit to Retained Earnings €120,000.
A debit to Share Premium—Conversion Equity €720,000.
A loss of €20,000.
A credit to Share Capital—Preference €60,000

回购的损失不计 PL，直接抵减 RE
——
€36,000 current deferred tax asset.
€50,000 non-current deferred tax asset.
€68,000 non-current deferred tax liability.
Can not determined the amount because there’s no information to judge current and non-
current.

DTL,DTA 合并为净值列报，统一归入 non-current asset/liability

——
Assume that the following data relative to Kane Company for 2022 is available:
Compute the diluted earnings per share for 2022. (Round to the nearest penny.)
The tax rate is 30%.
Net Income (after tax) € 2,100,000
Transactions in Ordinary Shares Change Cumulative

2
 Jan. 1, 2022, Beginning number 700,000
Mar. 1, 2022, Purchase of treasury shares (40,000) 660,000
June 1, 2022, Share split 2-1 660,000 1,320,000
Nov. 1, 2022, Issuance of shares 120,000 1,440,000\

8% Convertible bonds
Sold at par, convertible into 200,000 ordinary shares $1,000,000
(already adjusted for split).
Share Options
Exercisable at the option price of €25 per share. Average
market price in 2022, €30 (market price and option price
already adjusted for split). 600,000 shares

€1.32
€1.30
€1.27
€1.35

Lerner Co. had 300,000 ordinary shares, 30,000 shares of convertible preference shares, and
€1,000,000 of 10% convertible bonds outstanding during 2022. The preference shares are
convertible into 60,000 ordinary shares. During 2022, Lerner paid dividends of €.90 per
ordinary share and €3.00 per preference share. Each €1,000 bond is convertible into 50 ordinary
shares. The net income for 2022 was €600,000 and the income tax rate was 30%.
Diluted earnings per share for 2022 is (rounded to the nearest penny)
€2.
€1.46.
€1.63
€1.24.
NI:600,000+1,000,000*0.1*0.7=670,000
Shares：300,000+50,000+60,000=410,000

——
recorded on April 30, 2023.
recorded on March 1, 2023.
recorded on March 31, 2023.
recorded on January 15, 2023.

3
3.31 服务完成
——
€550,000
€986,000
€900,000
€1000,000

可变对价使用期望值
——
€90,000, €60,000, €60,000 respectively
€60,000, €60,000, €60,000 respectively
€180,000 for the entire bundle.
€77,142, €51,429 and €51,429 respectively.

180,000*9/21 180,000*6/21
——
credit to refund liability for €250.
credit to Returned Inventory for €125.
credit to Asset-right-to-recover for €125.
debit to Estimated Inventory Returns for €125.
——
€674,106, sales revenue and 67,500 interest revenue.
€674,106
€900,000
€900,000 sales revenue and 67,500 interest revenue.
——
€140,000 deferred tax liability
€122,500 deferred tax asset
€122,500 deferred tax asset
€140,000 deferred tax liability

(1,200,000-850,000)*0.35%;已经知道下一年税率参照已知税率计算 DTA
——
Credit OCI $2,000
Credit OCI $7,000
Credit P/L $2000
Debit equity investment $52,000
Sagrat has elected to measure the investment at fair value
through other comprehensive income.
Changes in fair value are therefore recognised in other comprehensive income right up to the

4
point of derecognition.
$2,000 ($52,000 – $50,000) is therefore recognised in other comprehensive income in the year
ended 31 December 20X2.
——
Aeroseat, a public company, had 2 million 25c ordinary shares in issue on 1 January 20X2
On 1 April 20X2, there was an issue of a further 250,000 shares at full market price.
On 1 July 20X2, the company made a one for five bonus issue.
The company paid a full year dividend of 15c on 30.12.X2.
What figure should be disclosed for earning per share in the year ended 31 December
20X2 if the profit for the year was $390,000?
3.43c
3.73c
16.16c
14.86c

——
Contract asset Trade receivables
$70m $90m
$120m $40m
$20m Nil
$20m $40m

D
Profit recognised to date = 1/3  $120m = $40m
$'m

5
 Contract asset
Costs incurred to date 80
Add: recognised profit 40
120
Less: amounts invoiced (75)
45
Trade receivables
Amounts invoiced 75
Cash received (50)
25

Use the following information for questions 21 and 22.

€6,560.
€3,280.
€22,560.
€14,400.

€32,270.
€29,333.
€38,724.
€35,483.

21.
B 385,600*10%/2-400,000*8%/2=3,280
22.
D 385,600*10%/2+(385,600+3,280)*10%/2*5/6=35,483

Questions 23, 24 and 25 are based on the following information:

250,950.
114,460.
128,860.
114,474.

1,749,924.
1,630,831.

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 1,760,843.
2,227,691.

Gain of €29,691.
Loss of €99,169
Loss of €14,659.

23.
C 2,500*1,000*0.79383+2,500*1,000*6%*2.57710=2,371,140
2,500,000-2,371,140=128,860

24.
B 2,371,140+(2,371,140*8%-2,500,000*6%)-312*2,500=1,630,831

25.
A 2,371,140+(2,371,140*8%-2,500,000*6%)-2,400,000= 10,831
Use the following information for questions 26, 27 and 28.

25,600
27,000
35,000
33,400

50,000
48,000
52,000
49,500

20,000
22,000
27,000
40,000
Evans Construction, Inc.
Income Statement
For the Year 2021
Provision for loss (contract Y)* 27,000

*Costs to date (contract Y) €105,000

Estimated costs to complete 252,000

7
Total estimated costs 357,000
Total contract price 330,000
Loss recognized in 2021 € 27,000

Current assets:
Accounts receivable (€528,000 – €478,000) € 50,000
Costs to date (contract X) €182,000
Less: Billings 170,000
Contract asset 12,000
Current liabilities:
Contract liability——Billings (€125,000) in excess of contract assets
or liability ($105,000) (Contract Y) 20,000
Estimated liability from long-term contracts 27,000

26 B 27 A 28 A

Use the following information for questions 29 and 30.

Book basis Tax basis
€576,000 €288,000
€592,000 €432,000
€576,000 €432,000
€592,000 €288,000

Account _ Balance
Deferred tax liability €64,000
Deferred tax asset €64,000
Deferred tax asset €121,600
Deferred tax liability €121,600

29. B 720,000-（720,000-80,000）/5= 592,000 720,000/5*3=432,000

30 A (592,000-432,000)*40%= 64,000 DTL

The following scenario relates to questions 31-45

Unrealized holding gain or loss
Fair value adjustment
Loss on impairment
Accumulated other comprehensive income

8
$28,508,000
$28,389,000
$28,959,000
$30,000,000

$768,000
$800,000
$832,000
$500,000

$600,000
$1, 100,000
$1, 600,000
$1,000,000

Acquisition of a patent
Acquisition of property
Acquisition of fair value through other comprehensive income investments
Acquisition of fair value through profit or loss investments

31.C
Expected credit losses can occur for two reasons: a decline in the net present value of the bond
due to a rise in market interest rates or the risk of credit default by the issuer due to its own
problems. Under the IFRS, the former losses are charged to OCI and the latter losses are
impaired through allowance method.

32.C
The liability should be held at amortised cost using the effective rate of interest at 10%.
B/f Interest 10% Payment c/f
$000 $000 $000 $000
20X5 28,508 2,851 (2,400) 28,959

33.A
The loan notes should initially be recorded at the net proceeds of $9.6 million, being the
$10 million received less the $400,000 issue costs. The interest is then expensed at the
effective rate of 8%, giving a finance cost of $768,000 ($9.6m X 8%). If you selected B, you
have ignored the issue costs. If you selected C, you have added the issue costs. If you
selected D, you have ignored the issue costs and expensed 5% rather than the 8% effective
interest rate.

9
34.B
Howard should record the dividend income of $100,000 (10 cents X 1 million shares) as well
as the gain in value of $1 million.

35.D
Transaction costs relating to fair value through profit or loss investments should be expensed in
the statement of profit or loss.

The following scenario relates to questions 36–40.

$67
$192
$139
$233

$4,200
$4,800
$13,200
$20,000

DTL doesn’t equal to income tax expense due to temporary difference

OCI increases by $168,000
Ending balance of DTL is $72,000
Income tax expense increases by $42,000

Increase of $200,000
Increase of $60,000
Decrease of $60,000
Decrease of $200,000

Is it correct to recognize the Asset-right-of-use through FVTOCI?

36.A
37. D
500/1,500 x 1,200 = 400 400/2*14/12 = $233
38.A
$27,000 of extended service-type warranty is recognized as unearned warranty revenue on
sale, not warranty liability.

10
38,000-1,800-12,000-20,000=4,200
39. C
Opening balance of DTL in 20X6=100,000*30%=30,000
Ending balance of DTL in 20X6=(5,240,000-5,000,000)*30%=72,000
100,000 is the revaluation surplus at the start because accounting treatment obeys the form of
fair value and difference goes through OCI, and it’s the only temporary difference occurring in
20X5.
5,240,000 is the book basis in 31 Dec 20X6 and 5,000,000 is tax basis.
Income tax expense=0 because DTL has gone through OCI
OCI=(5,240,000-5,100,000)*(1-30%)=98,000
40. B
$60,000 (200 x 30%)
Dr Income tax expense Cr Deferred tax liability

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