The 2022 CPA exam has finally started amid everyone’s anxiety. I believe everyone wants to know the real questions of this exam. The following is a compilation of real "Accounting" questions that Deep Space Network recalled based on students' feedback after the first exam. The answers are not official answers. Since the recall of the question stems may not be complete and rigorous, deviations may occur. It is only for students' reference to what was assessed in this exam. Knowledge points.
Summary of 2022 Certified Public Accountant Examination Questions (Memory Version)
1. Multiple-choice questions
1. Company A sells gift certificates for Restaurant B and holds gift certificates customers can dine at designated restaurants. The gift certificate provides customers with a significant discount that is significantly lower than the normal selling price of the meal (the customer pays 100 yuan to purchase the gift certificate and can enjoy a meal priced at 200 yuan in the restaurant with the gift certificate). Company A only purchases gift certificates when customers have needs. Gift certificates are sold through Company A’s website and are non-returnable. Company A and Restaurant B*** jointly determine the price for selling gift certificates to customers. After the gift certificate is sold, Enterprise A has the right to receive an amount of 30% of the gift certificate sales price. Company A does not bear credit risk because customers pay promptly at the time of purchase. Company A assists customers in resolving food and beverage complaints and has a customer satisfaction program. However, it is the responsibility of the Restaurant to fulfill its obligations in connection with the Gift Voucher including the redress of customer dissatisfaction with service. Which of the following items is correct ().
A. Company A is the main responsible person
B. Company A is the agent
C. Company A recognizes income according to the gross amount method
D. Restaurant B should confirm receipt according to the net amount method
Reference answer B
2.2 On February 19, 2022, Company A sold a batch of goods to Company B on credit. This batch of goods The cost is 45 million yuan and the selling price is 50 million yuan (excluding VAT). The applicable VAT rate is 13. The agreed repayment period was 5 months, but Company B had not repaid the loan as of July 19, 2X22. Company A has made a cumulative provision for bad debts of RMB 3.5 million for this debt. Company A learned that Company B had insufficient liquidity and it was difficult to collect the funds on time. In order to reduce losses, Company A and Company B reached a debt restructuring agreement. According to the agreement, Company B invested in other equity instruments to pay off the debt it owed Company A. The book value of other equity instrument investments is 40 million yuan (including a cost of 35 million yuan and a change in fair value of 5 million yuan) and a fair value of 50 million yuan. The fair value of the creditor's rights on that day was 50 million yuan. Company A obtained the debt-repaired assets of Company B as financial assets measured at fair value and whose changes were included in the current profit and loss. Regardless of other factors, which of the following statements is correct is ().
A. The impact of this debt restructuring on Company A’s current profits and losses is 8.5 million yuan
B. Company B should confirm a debt restructuring income of 12 million yuan
C. The impact of this debt restructuring on Company B’s current profits and losses is 8.5 million yuan
D. The recorded amount of Company A’s financial assets is 50 million yuan
Reference answer D
3. In the case where the parent company contains long-term foreign currency receivables that essentially constitute a net investment in the subsidiary (overseas operations), without considering other factors, the following items regarding Company A’s consolidated financial Among the statements about the accounting treatment for the conversion of foreign currency statements in the report, the correct statement is ().
A. Foreign currency statement translation differences attributable to minority shareholders should be presented in the minority shareholders’ equity items
B. If foreign currency monetary items are reflected in the parent company’s accounting standard currency, they should be listed in the minority shareholders’ equity items. When offsetting the long-term receivables and payables of the parent and subsidiary companies, the resulting exchange differences should be listed in the financial expense items
C. If the foreign currency monetary items are reflected in the subsidiary's accounting functional currency, they shall be offset after the Along with the long-term receivables and payables of the parent company and the subsidiary, the exchange differences generated should be listed in the financial expense items
D. If the foreign currency monetary items are reflected in a currency other than the parent company or subsidiary, they shall be offset after Along with the long-term receivables and payables of the parent and subsidiary companies, the exchange differences generated should be listed in the financial expense items
Refer to answer A
4. The following items are related to the quality requirements of corporate accounting information Among the expressions, the correct one is ().
A. The enterprise underestimates assets or income, which reflects the need for prudence
B. Ensures the integrity of accounting information while complying with the principles of importance and cost-effectiveness, which reflects the importance Requirements
C. The financial statements of financial enterprises do not distinguish between current assets and non-current assets, reflecting reliability requirements
D. Enterprises are not allowed to change accounting policies at will, reflecting comparability requirements
Reference answer D
In 5.2x21, the relevant transactions or events that occurred in Company A are as follows:
(1) March 1. due to cash shortage. Self-produced products with a book value of 80,000 yuan will be used to pay employee wages. The market price of the product on that day was 100,000 yuan.
(2) On May 1, self-produced products with a book value of 4 million yuan were used to pay off the debt, and the arrears of 5 million yuan were repaid to Company B. The market price of the products on that day was 4.5 million yuan.
(3) On September 30, 30,000 yuan in food was purchased and distributed to employees as National Day benefits. No other factors are considered. The revenue that Company A should recognize when preparing its financial statements for 2*21 is ()
A.513 million yuan B.137 C.4505 D.10
Reference answer D
6. Among the following statements about the accounting treatment of corporate income tax, the correct one is ().
A. When convertible bonds are issued, the income tax impact of temporary differences arising from the initial recognition of liabilities should be included in the current profits and losses
B. Changes in the fair value of other equity instrument investments The income tax impact of temporary differences should be included in the current profit and loss
When C is converted to investment real estate measured at fair value, the income tax impact of temporary differences arising from the fair value being greater than the tax base should be included in the current profit and loss
D. If part of the equity of a subsidiary is disposed of without losing control, the corporate income tax payable due to the disposal of part of the equity in the financial statements should be adjusted and included in equity
Reference answer D
7. Which of the following statements about the accounting treatment of PPP project contracts of administrative institutions is correct ()
A. For PPP project assets formed using the existing assets of the social capital party, the government party No accounting treatment is required
B. PPP project assets formed by using the government’s existing assets do not need to be accounted for by the government
C. Routine maintenance, etc. that occur during normal use of PPP project assets Subsequent expenditures should be included in the cost of PP project assets by the government
D. The social capital party invests in the construction to form PPP project assets, and the government should recognize them as PPP project assets when the assets are accepted and delivered for use
Reference answer D
8.2xOn December 1, 2020, Company A and Company B signed a lease and sale agreement. Company A rents the first to second floors of an office building from Company B as office space. The lease agreement stipulates. The lease start date is April 1, 2x21, and the expiration date is December 31, 2x26. The rent is calculated from the lease start date. The rent is 300,000 yuan per month; Company A has a 2-year lease renewal option. Company A moved into the office building on January 1, 2021 and began decoration. Company A was not reasonably certain that it would exercise its lease renewal option. Without considering other factors, the lease period determined by Company A for the leasing business is ().
A.7.75 years B.8 years C.5.75 years D.6 years
Reference answer D
9. Company A uses RMB as its accounting standard currency, the following items are included in the statements regarding the conversion of the foreign currency book value of Company A’s foreign currency asset account at the end of the period into RMB. The correct one is ().
A. Foreign currency contract assets are converted at the spot exchange rate on the balance sheet date
B. Foreign currency bond investments measured at fair value with changes included in other comprehensive income Exchange differences are included in other comprehensive income
C. Foreign currency bonds held at amortized cost are converted according to the spot exchange rate on the balance sheet date
D. Foreign currency advance receipts The payment is converted according to the spot exchange rate on the balance sheet date
Reference answer C
10. Among the following statements about the presentation of corporate financial statements. The correct one is ().
A. The entrusted goods and the entrusted goods payments should be listed separately in the assets and liabilities of the balance sheet
B. Long-term deferred payments with an amortization period of less than 1 year Expenses, non-current assets that are due within one year of the balance sheet
C. Contract assets and contract liabilities arising from multiple contracts with the same customer should be presented in the balance sheet as a net amount
D. Stock investments measured at fair value with changes included in current profits and losses that are expected to be held for more than one year should be listed in other non-current financial assets on the balance sheet
Reference answer D
2. Multiple-choice questions
1. Which of the following statements about the amortization of corporate intangible assets is correct ().
A. Intangible assets cannot be amortized using methods similar to accelerated depreciation of fixed assets
B. Intangible assets classified as held for sale should not be amortized
C. The expected consumption pattern of the economic benefits related to the intangible assets cannot be reliably determined. The straight-line method should be used for capture
D. The amortization of patented technology used to produce products should be included in administrative expenses
Reference answer BC
2. The following Among the statements about the accounting treatment of transaction costs related to financial instruments incurred by the enterprise, the correct ones are ().
A. Transaction costs related to the issuance of stocks are included in equity
B. Purchase the stocks and formulate them as financial instruments measured at cent value and changes in which are included in other comprehensive income. Relevant transaction costs incurred by assets are included in the current profit and loss
C. If bonds are purchased and subsequently measured at amortized cost, the relevant transaction costs incurred are included in the current profit and loss
D. Transaction costs related to the issuance of convertible bonds are amortized into equity and liabilities
Reference answer AD
3. Calculation questions
1. Consolidated financial report:
Information 1: Adjustments and offsetting entries in the consolidated financial report for the second year after the non-consolidated acquisition date.
Information 2: Asset group impairment, the allocation of impairment losses is first allocated to goodwill, and the excess is allocated to the three assets of ABC.
2. Income Lease:
Information 1: Income: two contracts for commercial housing sales and fine decoration, whether to merge the contracts, identify performance obligations, and the method and timing of revenue recognition.
Information 2: Lease: The text description explains the accounting treatment of sale and leaseback, but does not provide a present value coefficient. Other information indicates that time value is not considered, so the calculation is not involved.
3. Government subsidies (asset-related government subsidies, income-related government subsidies, a complete calculation test); the government gave a subsidy of 16 million yuan, 1200 yuan to compensate for the building, 4 million in compensation for intangible assets. The building is under construction and the intangible assets are still being developed. The government has agreed that there will be a performance appraisal. If you pass the appraisal, it will be fine. If you fail to pass the appraisal, you will have to take it back. The company is not sure whether it can pass that year, but it will definitely be OK next year. Passed, asked about the accounting treatment of subsidies for this year and the next year, and then sold the building two years later, accounting treatment
4. Financial instruments:
Company A, Company A The controlling shareholder, as well as external Company B, increase capital of Company A. It is agreed that Company A cannot be listed within three years. Company A or Company A's controlling shareholder must repurchase Company B's equity in Company A. According to the repurchase date of Company A's equity, The total of fair value, capital increase of 50 million, and simple interest rate of 8 per year, both of which are well measured, ask whether Company A and the controlling shareholder of Company A are financial liabilities or equity instruments, and then write entries for the period after the balance sheet date, and After signing a supplementary agreement, the repurchase agreement is terminated and there is no need to repurchase. I ask whether it is a matter of future adjustment of assets and liabilities
5. Consolidated financial report
Company A is a manufacturing company , owns two subsidiaries B and C.
Company A holds 70 shares of Company B and 60 shares of Company C.
On January 1, (1), Company A acquired 70% of B’s equity for 35 million yuan.
On the investment date, the book value of Company B’s identifiable net assets was 41 million yuan (paid-in capital 500, capital reserve 400, surplus reserve 200, and undistributed profits 3,000). The fair value of identifiable net assets is RMB 45 million. The fair book difference is caused by an intangible
asset, which is expected to last 8 years.
Company B’s net profits in 19, 20, and 21 were: 300, 700, and 8 million yuan respectively. There are no other changes in owner's equity.
(2) The book value of equipment a in asset group C is 12 million yuan.
The book value of equipment b is 18 million yuan.
The book value of equipment c is 2 million yuan. cThe present value of future cash flows of equipment is not available. The net fair value minus disposal costs is RMB 1.5 million.
Company A invests a certain amount in C and has goodwill.
Income tax, etc. are not considered.
Requirements (1) Prepare the offsetting entries for He and B.
(2) Calculate the impairment amount of the asset group and the impairment amount of each asset in the asset group.
6. Joint reporting of investment real estate (three years of consolidated entries)
IV. Comprehensive questions
1. Error correction
Correct errors on 6 pieces of information respectively and prepare correct accounting entries. There is no need to prepare correcting entries. It is only required to prepare entries for individual financial statements and calculate the impact of each error on net profit, including:
①Dealing with debtors in debt restructuring (multiple assets to offset debts)
②Equity method (investment of non-monetary assets)
③Employee compensation payable (profit sharing plan)
④Transfer of financial assets (guaranteed claims)
⑤Fixed assets are recorded according to the provisional estimate (the actual cost does not affect the accrued depreciation, and the calculation of the depreciation amount for three months after completion and settlement) )
⑥Business merger not under common control (entries for the issuance of ordinary shares, expenses directly related to the issuance against capital reserve, calculation of goodwill)
⑦Trading financial assets (Handling of commissions)
2. Combined reporting of inventory, fixed assets and intangible assets
① Calculation of unit cost of outsourced inventory
② Unit cost of products in progress converted into finished products Calculation
③ Calculation of the cost of construction in progress in December (calculated separately for individual financial statements and consolidated statements); offset of internal transactions of intangible assets and fixed assets; calculation and offset of minority shareholders' equity in counter-current transactions record.
④Completion of construction in progress in September 2021, calculation of costs in individual and joint declarations
⑤After completion of the equipment, calculation of depreciation amount in 2021 in individual and joint declarations
3. Joint declaration
Purchasing a subsidiary, which also has a subsidiary, how to deal with joint declaration
A issued 50 million shares (10 per share) Yuan) acquires the equity of Company B (non-concurrent control), the fair value of Company B’s identifiable net assets is 59,000, the fair value of the identifiable net assets of Company C including Company B is 40,000, and the goodwill formed by B’s non-concurrently controlled acquisition of C’s 100 equity It's 10 million yuan.
The first question is how to deal with C’s 1,000 goodwill when A adds value to B, and then how to apportion the goodwill of A to B when it adds value between B and C, and the amount of apportionment. Then compile the consolidated offsetting entries at the end of the year
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