ACCA考试辅导：F3模拟练习

　　Question：William's trial balance at 30 September 20X5 includes the following balances:

　　Trade receivables $75,943

　　Receivables allowance $4,751

　　How should these balances be reported in William's statement of financial position as at 30 September 20X5?

　　A. An asset of $75,943 and a liability of $4,751

　　B. A liability of $75,943 and an asset of $4,751

　　C. A liability of $71,192

　　D. An asset of $71,192

　　The correct answer is: An asset of $71,192.

　　The receivables allowance is deducted from trade receivables and the net figure of $71,192 ($75,943 - $4,751) is reported in the statement of financial position.

　　Question：According to the IASB Framework which of the following is not an objective of financial statements?

　　A. Helping to assess the going concern status of a business

　　B. Enabling users to assess the performance of management to aid decision making

　　C. Providing information regarding the performance of a business

　　D. Providing information regarding the financial position of a business

　　The correct answer is: Helping to assess the going concern status of a business.

　　Providing information regarding the financial position and performance of a business are primary objectives of financial statements. All classes of users require information for decision making