How to do the sample questions in the intermediate accounting exam book, and the real questions of t

You should take the qualification certificate, the intermediate can encounter a question should be very lucky, you will do all the questions in the book will be estimated not even 50 points.

Is there a new account for 2022 Intermediate Traveler Accounting? In recent years, there have been rumors that the Intermediate Accounting Examination will include the subject of "Tax Law". Is this news reliable?

Is there a new account for 2022 Intermediate Accounting?

According to the 2022 registration brochure issued by the Ministry of Finance, the subjects of this year's intermediate accounting examination are still "Intermediate Accounting Practice", "Financial Management", and "Economic Law", with no new additions or reductions. As for whether the "tax law" subject will be added separately, Mr. Huang Jiexun of Dong Ao said: It will not necessarily be added, because the tax law is in the basis of primary economic law, from the perspective of the content adjustment of the outline of primary and intermediate economic law, the basis of primary economic law is about the legal knowledge involved in daily life, and the intermediate economic law is about the legal knowledge involved in middle-level managers, and the content adjustment of the two types of examinations is very smooth.

How to prepare for the exam?

1.Multiple rounds of training, completely thorough.

Candidates must first make it clear that if you want to really understand and understand the real questions, it is not enough to do it once! It is recommended that candidates repeat at least three rounds before taking the exam. The first round focuses on understanding the test papers and grasping the difficulty and direction of the exam; The second round of in-depth study of the real questions to find out the rules of the proposition; The third round of analysis sorts out the wrong questions, makes up for them in time, and leaves no blind spots!

2.Simulate the "real-life" atmosphere of the examination room.

In order to adapt to the exam in advance, candidates can restore the exam scene. The first is to restore the exam time, which is 165 minutes for "Intermediate Accounting Practice", 135 minutes for "Financial Management", and 120 minutes for "Economic Law". The second is to use a simulated computer-based test system to answer questions, some older candidates may not often use computers, so they should strengthen training, improve typing speed, and be familiar with the computer-based test system.

Hello, according to the topic, the following entries are given for your reference.

July 1, the initial measurement of the lease start date.

Borrow: Investment real estate – cost 42000

Credit: Fixed assets 42000

On December 31, adjusted for changes in fair value.

Debit: Fair value change gain or loss 1000

Credit: Investment Real Estate - Change in Fair Value December 31, 1000, adjusted for change in fair value.

Loan: Investment Real Estate - Change in Fair Value 3000 Loan: Gain or Loss on Change in Fair Value 3000

The above entries are for your reference, I hope it can help you, thank you.

1. If the purchase price of all fixed assets exceeds the normal credit terms and is deferred in nature, the cost of the fixed assets shall be determined on the basis of the present value of the purchase price. The difference between the price actually paid and the present value of the purchase price shall be included in the profit or loss for the current period, except for the capitalization that should be made in accordance with Accounting Standard for Business Enterprises No. 17 - Borrowing Costs.

It is generally understood that the so-called deferred payment beyond the normal credit terms refers to the payment period of more than one year. The difference between the price actually paid and the present value of the purchase price is included in the "unrecognized financing expense" when the fixed assets are recorded, and the "finance expense" in the current period is calculated at the effective interest rate during the credit period.

The equation listed in the example is the process of discounting the amount of the three instalments, calculating the occurrence value, and determining the recorded value of the fixed asset, that is, the financing cost.

400 (1+10%) is the amount paid at the end of 2016 to the beginning of 2016 (the point of purchase, that is, the point at which the recorded value is determined), which is equivalent to the amount paid at this time (early 2016).

Similarly, 300 (1+10%) 2 and 300 (1+10%) 3 represent the $3 million paid at the end of 2017 and 2018 to the beginning of 2016, respectively, and the resulting value is equivalent to the amount paid at the beginning of 2016.

The sum of the three values is the recorded value of the purchased fixed asset.

This is recorded according to the discounted present value of the payment, just like asking someone to borrow a dollar and repay it in three installments at an interest rate of 10, and 400 in the first year.

In the second year, it was 300 so it was folded in two installments.

This topic is to buy fixed assets by installments, then the recorded value of fixed assets should be the present value of the installment amount, so the discount factor needs to be used for discounting.

If the fixed assets are purchased in installments for more than one year and have the nature of financing, the present value of each installment payment + down payment + other expenses shall be regarded as the recorded value of the fixed assets, and the difference between the future payment amount shall be regarded as unrecognized financing expenses, which shall be included in the financial expenses according to the effective interest rate method at the time of each installment payment.

2.The repayment amount of 400,300,300 per installment is discounted to the time of purchase with an effective interest rate of 10%, and the value of the fixed assets is the remaining part, which is equivalent to the interest paid to the merchant.

3.The amortized cost here is the carrying amount of the long-term payables, and the long-term payables balance - unrecognized financing expense (long-term payables allowance account).

Incorrect selection C

The fair value of the liability component of the convertible bond = 1000 * 200 * the difference between the face value and the allowable value of the public property is included in the interest adjustment.

The fair value of the equity component (fair value of the issuance proceeds - liability component) is included in other equity instruments.

Accounting entries. Debit: Bank deposit 204000

Debt Payable - Convertible corporate bonds.

Credit: Bonds Payable - Convertible Corporate Bonds (Face Value) 200,000 Other Equity Instruments.