各位ACCAer，2016年的7月厄尔尼诺现象突显，烈日高温直逼40摄氏度，赶紧躲进空做做真题吧！今天的每日一练是ACCA考试F7科目《财务报告》的自测题：

 

　　Question：Which of the following is an advantage of current cost accounting(CCA)?

 

　　A.It uses objective calculations to arrive at a deprival value for assets.

 

　　B.It provides a useful guide for management in deciding whether to hold or sell assets.

 

　　C.It is easy to calculate and understand.

 

　　D.It produces a reliable value for total assets.

 

　　The correct answer is:B

 

　　An advantage of CCA is that it provides a useful guide for management in deciding whether to hold or sell assets.However this is not the focus of CCA,which is to provide a reasonable means of incorporating the effect of inflation in a company's financial accounts.

 

　　CCA uses subjective calculations to arrive at a deprival value for non-current assets.Calculation of economic value and net realisable value are based on estimates.

 

　　CCA uses a number of different asset valuation methods,namely replacement cost,economic cost and net realisable value.Grouping together assets valued by different methods does not give a particularly meaningful total figure.

 

　　By using a number of different asset valuation methods CCA is not that easy to calculate or understand.