2020年CFA考试《CFA二级》考试共题，分为。小编为您整理Financial Reporting and Analysis (1)5道练习题，附答案解析，供您备考练习。

1、Based on Exhibits 1 and 2 and Janssen’s translation method, retained earnings for Triofind-B translated into Triofind’s presentation currency as of 30 June 2017 are closest to:【单选题】

A.NER150,225.

B.NER170,940.

C.NER172,414.

正确答案:A

答案解析:

2、The aspect of the Basel III framework that Johansson describes to Smith relates to minimum:【单选题】

A.capital requirements.

B.liquidity requirements.

C.amounts of stable funding requirements.

正确答案:A

答案解析:A is correct. Basel III specifies the minimum percentage of its risk-weighted assets that a bank must fund with equity capital. This minimum funding requirement prevents a bank from assuming so much financial leverage that it is unable to withstand loan losses or asset write-downs.

3、The compensation expense for 2011 arising from the executive stock options granted in 2011 is closest to:【单选题】

A.$43,800.

B.$54,750.

C.$76,625.

正确答案:B

答案解析:Compensation expense arising from executive stock options is based on the estimated fair value of the options on the grant date and amortized on a straight-line basis over the service period. The service period is the period between the grant date and the vesting period.

4、In response to the board’s first question, Templeton would most likely reply that such a change would be justified if:【单选题】

A.the inflation rate in the United States became hyperinflationary.

B.management wanted to flow more of the gains through net income.

C.Consol-Can were making autonomous decisions about operations, investing, and financing.

正确答案:C

答案解析:C is correct. The Canadian dollar would be the appropriate reporting currency when substantially all operating, financing, and investing decisions are based on the local currency. The parent country’s inflation rate is never relevant. Earnings manipulation is not justified, and at any rate changing the functional currency would take the gains off of the income statement.

5、For the assumptions changes in determining the fair value of stock options, which one would have positive impact on 2017's earnings?【单选题】

A.The changes on dividend yield

B.The changes on stock price volatility

C.The changes on estimated life of stock options

正确答案:B

答案解析:Only the changes which make the compensation expenses decrease have positive impact on net income. Lower stock price volatility and risk-free rate, shorter estimated life of stock options, and higher dividend yield would result a lower fair value of stock option and lower compensation expenses.