California State University, Sacramento

ACCY 190

CHAPTER 5

1)Under IFRS 2, with respect to cash-settled share-based payments, when an employee has received stock appreciation rights, how is the fair value of those rights measured?

2. Which of the following is NOT a share-based payment transaction under IFRS 2?

3. What kinds of temporary differences related to income taxes can arise under IFRS that don’t occur under U.S. GAAP?

4. Under U.S. GAAP, if an entity issues 4% preferred stock that gives shareholders the right to redeem the shares if the prevailing interest rates on 5-year certificates of deposit exceed 4%, how should this stock be accounted for on the books of the entity?

5. What is a “contingent asset?”

6. Which of the following is a difference between IAS 37 and U.S. GAAP with respect to restructuring provisions?

7. Under IAS 1, Presentation of Financial Statements, how must deferred taxes be classified on the balance sheet?

8. Under IFRS 2, with respect to choice-of settlement share-based payments, if the supplier chooses the cash settlement, the entity is deemed to have issued a compound financial instrument consisting of debt and equity. When cash is received, how does the supplier report it?

9. Under IAS 19, Employee Benefits, which of the following benefits are covered?