【每日一题】CFA一级财务1：

Which of the following statement is leastlikely to be correct:

A. financial ratios can determinecompany’s past performance.

B. financial ratios can not determinecompany’s current financial condition.

C. financial ratios can not determinecompany’s creditworthiness.

Solution: C 

【每日一题】CFA一级财务2：

If ignoring taxes, a company chooses tocapitalize an expenditure related to capital assets instead of expensing it ,the company will most likely report:

A. a lower operating cash flow in thatperiod..

B. a lower investing cash flow in futureperiods.

C. Free cash flow to the firm will stayfor the same in that period.

Solution: C 

【每日一题】CFA一级财务3：

IF IFRS applies, which one is correctabout the classification of cash flow?

A. CFO CFA.

B. CFO CFO.

C. CFI CFF.

Solution: A 

【每日一题】CFA一级财务4：

The CFO of a zero-coupon bond is mostlikely:

A. Overstated.

B. Understated.

C. No change.

Solution: A 

【每日一题】CFA一级财务5：

Compared with IFRS,those prepared under U.S. GAAP generally accepted accounting principles,analysts may need to make adjustments related to:

A. realized losses.

B. unrealized gainsand losses for trading securities.

C. unrealized gainsand losses for available-for-sale securities.

Solution: C 

【每日一题】CFA一级财务6：

Which of the following statements aboutbalance sheets is most accurate?

A. Under IFRS, a classified balance sheetmust present current assets before non-current assets.

B. Under IFRS, intangibles can be valuedat cost or revaluation.

C. Under IFRS, a commercial real estatecompany should use a liquidity based presentation.

Solution: B