Quiz On US Market General Topics

5 Questions | By Nirmala | Updated: Mar 17, 2022 | Attempts: 130

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Questions and Answers

1.

Which code is used for updating Amortization of Deferred cost in TRF ?
- A.
  
  EAMO
- B.
  
  EAMD
- C.
  
  EADF
- D.
  
  No codes available in TRF
Correct Answer
B. EAMD
2.

How do you decide Staff Expenses code reported within Operating expenses and when not bifurcated by the company on functional basis?
- A.
  
  Use ELAC code by default since Staff expenses is always as a Direct Expenses
- B.
  
  Use ELAS code since Staff expenses is always Indirect expenses
- C.
  
  Use ELAC/ELAS based on Nature of the Business of the company
- D.
  
  None of the above
Correct Answer
C. Use ELAC/ELAS based on Nature of the Business of the company
3.

Assume you are doing June 30 2018 Interim and company has gone for IPO in July 2018. Balance sheet shares are 1,234,567 and Front cover shares are 15,234,567 reported as on August 1 2018. How do you collect Common shares outstanding in Balance sheet in the below scenario?
- A.
  
  XTCOI-Common Shares - Outstanding - 1,234,567 and XLCOI-Common Shares - Outstanding - Issue Specific - Current with 15,234,567
- B.
  
  Collect XTCOI-Common Shares - Outstanding 15,234,567 and XLCOI-Common Shares - Outstanding - Issue Specific - Current with 15,234,567
- C.
  
  Collect only XLCOI with 15,234, 567 and carry forward 31/03/2018 Balance sheet shares of 12,234,567 to XTCOI
- D.
  
  None of the above
Correct Answer
B. Collect XTCOI-Common Shares - Outstanding 15,234,567 and XLCOI-Common Shares - Outstanding - Issue Specific - Current with 15,234,567
4.

How do you analyse Interest Expense Net reported on the face of the statement ?
- A.
  
  Use EIEN-Ineterest expense Net
- B.
  
  Use EINN-Interest Expense/Income
- C.
  
  Check Management discussion/Financial notes and analyse whether this item is net of Interest capitalized or net of Interest income/other income and code accordingly
- D.
  
  Use EIIN-Interest Income
Correct Answer
C. Check Management discussion/Financial notes and analyse whether this item is net of Interest capitalized or net of Interest income/other income and code accordingly
5.

How do you analyse and update below item in case of Non-differentiated Balance sheet? Securities Sold under Repurchase Agreements reported on the face of Balance sheet is $18000. Maturity breakout is Year 1- 3000, Year 2- 3000, Year 3- 3000, Year 4 -3000, Year 5-3000, Year 6 and thereafter 6000.
- A.
  
  Update LSRP with 18000 and VLD1 3000, VLD2 3000, VLD3 3000, VLD4 3000, VLD5 3000 and VLDR 3000
- B.
  
  Update LSRP 3000, LLTD 15000 and VLD1 3000, VLD2 3000, VLD3 3000, VLD4 3000, VLD5 3000 and VLDR 3000
- C.
  
  Update LSRP 18000 and Ignore Debt maturity
- D.
  
  Update LSRP 3000, LLTD 15000 and Ignore Debt maturity
Correct Answer
D. Update LSRP 3000, LLTD 15000 and Ignore Debt maturity

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Current Version
Mar 17, 2022

Quiz Edited by
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Aug 14, 2018

Quiz Created by
Nirmala

Quiz On US Market General Topics

Which code is used for updating Amortization of Deferred cost in TRF ?

How do you decide Staff Expenses code reported within Operating expenses and when not bifurcated by the company on functional basis?

Assume you are doing June 30 2018 Interim and company has gone for IPO in July 2018. Balance sheet shares are 1,234,567 and Front cover shares are 15,234,567 reported as on August 1 2018. How do you collect Common shares outstanding in Balance sheet in the below scenario?

How do you analyse Interest Expense Net reported on the face of the statement ?

How do you analyse and update below item in case of Non-differentiated Balance sheet? Securities Sold under Repurchase Agreements reported on the face of Balance sheet is $18000. Maturity breakout is Year 1- 3000, Year 2- 3000, Year 3- 3000, Year 4 -3000, Year 5-3000, Year 6 and thereafter 6000.