ACCA每日一练,精品奉上...每天练一题,考试多一分。在追求ACCA的慢慢长路上,唯有持之以恒才是必胜之举。每天坚持练习ACCA真题,千万不能松懈哟!今天给大家带来的ACCA每日一练是来自ACCA考试科目F7的自测题:Alternative models.
  Question:Which of the following is not true of historic cost accounting(HCA)?
  A.It is not easy to see trends.
  B.It is easier to understand than alternative measures of performance.
  C.It does not maintain shareholders'wealth.
  D.It shows only true trading profits.
  The correct answer is:'It shows only true trading profits'is not true.
  Where there can be a long time between purchase of goods and their sale if there is inflation,this generates an artificial profit,which can be seen as a false trading profit rather than a true one.
  As HCA does not incorporate inflation it makes it less easy to see trends over time without further analysis.
  HCA tries to reflect shareholders'wealth,but using a nominal$measurement.The maintenance of shareholders'wealth can only be achieved if it is adjusted for inflation in some way.
  Alternative systems of accounting,such as current cost accounting,often are not well understood by readers of financial information.