Questionnaire

What is the concept of financial instruments?

a. It is an account in which an asset and liability are denominated within.
from the same company,
b. It is an account in which revenues and expenses are denominated.
within the same company.
c. It is a contract that simultaneously gives rise to a financial asset in a
company and still a financial liability in another company.

What are the forms that govern a financial asset?

a. Cash; financial asset to be received from another company; right
contractual to exchange financial instruments with another company.
b. Accounts receivable, cash, depreciations, exchange rights of
financial instruments with another company.
c. Cash, financial assets not received from another company,
capital instruments.

3) What are financial assets and liabilities called?

a. Financial investments
b. Current instruments
c. Monetary financial instruments
What is market value?
It is the amount that can be obtained from the sale or the payment for the acquisition.
of a financial instrument.
b. It is the amount obtained from the payments for the supplies to be used in the
company.
They are values obtained as a result of the sales of their products.
5) What are the primary financial instruments?
Property, plant, and equipment.
Patents, trademarks, copyright.
Accounts payable, accounts payable and equity instruments.
Depreciations and amortizations.

6) According to which IAS is the income tax accounted for?

distributions to the holders of an equity instrument and to costs of
transaction of an equity transaction.
NIC 10
 NIC 23
NIC 7
NIC 12
7) The investments held to maturity are:
a) They are long-term liabilities with a due date.
b) Non-derivative financial assets with a fixed maturity date, whose
payments are of fixed or determinable amounts and the entity has the ability to
preserve until its expiration.
c) Financial instruments that are recognized until their maturity.
8) The effective interest rate method is:
a) A method of account number coding.
b) A method of assets minus liabilities and equity.
c) A method for calculating the amortized cost of a financial asset or liability
and the allocation of financial income or expense over the relevant period.
9) Write true false

An entity will derecognize a financial asset when, and only when

The contractual rights over the cash flows of the asset expire.
financial; (v).
If the financial asset is ceded, as established in paragraphs 18 and 19, provided that
the transfer meets the requirements for the account write-off (v).
10) Underline the correct one

An entity will have transferred a financial asset if, and only if, it meets any of the conditions

following requirements.

a) If it only holds short-term financial investments in order to generate

investments.
b) Retains the contractual rights to receive cash flows from the asset
financial, but assumes the contractual obligation to pay the cash flows to
one or more recipients, within an agreement that meets the conditions
established in paragraph 19.
c) the financial asset is ceded, as established in paragraphs 18 and 19, provided that
the transfer meets the requirements for deregistration in accounts.

5) Write true false

The entity will continue to recognize any income arising from the assigned asset in the
measure of their continued involvement, and will acknowledge any expenses incurred as a result
of the associated liability.

In order to make subsequent assessments, the changes recognized in value

reasonable of the transferred asset and the associated equity will be accounted for in a way

coherent, according to what is established in paragraph 55, and may be compensated

among themselves.

Underline the correct one

The initial valuation of financial assets and liabilities occurs:

a) When initially recognizing a financial asset or a financial liability, the entity

it will be valued at its adjusted fair value.
b) The fair value is a current liability plus financial assets
c) It is the initial value minus the final value of the total assets.

7) When will an entity write off a financial asset from its accounts?

a. Contractual rights over cash flows expire

b. The cash flows remain in effect
c. Until obtaining the maximum benefit from the assets

8) What are the three types of coverage relationship?

a. Cash coverage, financial securities, net cash flow coverage.
b. Fair value hedging, cash flow hedging, hedging of
net investment in a foreign business.
c. Coverage of financial investments, fair value hedge, hedge
of interest.
9) In the Designation of hedge instruments, the only exceptions
allowed are:

a) the separation of the intrinsic value and the time value of an option contract,
and designate the change in intrinsic value as a hedging instrument
one option, while excluding the change in time value.

b) the separation of the component of interest and the spot price in a contract
on credit.
 c) the separation of the value of the asset and the residual value to obtain the value at
depreciate.

This Standard does not limit the circumstances under which a derivative instrument
it can be designated as a hedging instrument, provided that
the conditions of paragraph 88, except in the case of:

certain comments

b) certain points of view

c) certain opinions expressed

11) The covered shipment can be:

a group of accounts, from various transactions.

b) a single asset or liability, a firm commitment, a single anticipated transaction

highly probable or the net investment in a single business abroad.

c) a group of components from various investment transactions.

Unlike loans and receivables, an investment held

until expiration it cannot be:
a) A double entry regarding risk.
b) A set of accounts regarding the risk of early payment.
c) a covered position regarding interest rate risk nor payment risk
anticipated.
13) Which of these financial assets is not within the scope of the Section?
11?

Cash.

b) Accounts receivable.

c) A 30 percent stake in ordinary shares without option for

sale of another entity (participated entity), where the latter is classified as
an associate of the entity.

14) Which of these financial instruments are not within the scope of the
Section 11?

a) Investments in non-convertible preferred stocks and without a put option.

 b) The financial instruments that meet the definition of equity
of an entity.
c) A loan with fixed interest and term granted by a bank. (d) A loan
three years without interest granted by a controlling entity.

15) If there were objective evidence that a loss has been incurred by
deterioration of value in an unlisted equity instrument, which is not
it is accounted for at fair value because it cannot be:

rated with reliability

quoted with confidence
measured with accuracy.

16) A proportion of a complete coverage instrument, such as 50% of the

notional amount, it can be:

designated as a key audit control.

designated as a hedging instrument in a hedging operation.
designated as an audit component.
17) Accounts payable, accounts payable and equity instruments are
they are known as:
a. Primary financial instrument
b. Secondary Financial Instrument
c. Tertiary Financial Instrument
18) According to IAS 12, it is carried out:
a. The accounting of income tax
b. The accounting of income tax related to
distributions to the holders of an equity instrument and to
transaction costs of an equity transaction.
c. The accounting of the foreign exchange exit tax.
19) The synthetic instruments mentioned in IAS 32 are:
a. They are separate groups of financial instruments acquired and held for
to emulate the characteristics of another instrument.
b. Their amounts are such that the result is, in fact, equivalent to the
net settlement
 c. Right of compensation that may currently be available or be
contingent upon a future event.
d. A common form of debt financial instrument that carries an implicit
conversion option.
20) A contract that is to be settled by the entity through the receipt or
delivery of a fixed amount of its own shares, without compensation
future, or exchanging a fixed amount of its own shares for a
fixed cash import or another financial asset will be a:
a. Equity instrument
b. Asset Instrument
c. Liability Instrument
d. Cost Instrument
21) An investment can be:
a. Indirect or direct
b. Random or budgeted
c. Short and long term
d. Fixed income or variable income
A short-term investment is recorded in the Statement of
Financial Situation in:
a. Financial Instruments
b. Accounts and Documents Receivable
c. Cash equivalents
The interests generated from an investment are found in:
a. Financial Position Statement (Income)
b. Comprehensive Income Statement (Revenue)
c. Cash Flow Statement (Income)
24) What are the causes for which a purchase or sale contract
can financial instruments be settled?
for the net amount
b. In cash or in another financial instrument
c. Through the exchange of financial instruments
d. Sale and consignment exchange

25) How many forms does the financial asset have?

a. 3
b. 4
 c. 5
d. 6
This standard will apply to those purchase or sale contracts of elements
non-financial that:
They are similar and appear in the official publication, due to an error.
b. They are settled for the net amount, in cash, or in another financial instrument.
through the exchange of financial instruments.
c. They will be settled based on terms and conditions established in a contract of
compensation.
d. There exist records, based on performance calculations and movements of
investments.
27) Indicate the correct definition of equity instrument:
a. A contractual obligation of financial guarantee.
b. A firm commitment right to receive cash from an entity
c. It is any contract that demonstrates a residual participation in the
assets of an entity, after deducting all its liabilities.
d. It is an amount for which a derivative instrument is received that was or could be
to be settled through exchange.
28) The fair value is the amount for which it can be exchanged:
a. An asset or liability activated or canceled, between a buyer and a seller interested in

duly informed.
b. Instrument of equity that is established as a liability for the asset
from another company.

c. Non-current asset that determines the payback period of an investment

carried out with public institutions.
What are equity values?
They provide an irrational basis that reaches recommendations on the
population.
b. They are easy to analyze in infinite populations.
c. They are those investments that are the result of fluctuating returns
They are values based on a statistical sample.
30) What should be considered to account for an investment?
the deadline
b. The amount
c. The investor
d. The capital
31) Make the journal entry to record the interest of a policy
accumulation

DETAIL MUST NEWS

Bank xxxx

Earned Interest xxxx

P/r.-Interests earned from accumulation
of a policy