I.

part Circle letter/letters that mark correct answer/answers

1. Financial reports(external) differ from managerial reports in that way
that they: (page 36)
a) are done/made monthly for the purpose of internal control;
b) contain/ have details related to expenses/costs that incurred
in productions;
c) are summed and mostly done for external users of accounting
information;
d) provide/enable information that enable making of trial
balance.
2. Reports/Statement give fair and true presentation/review when: (page
82)
a) when the assets at the balance sheet are expressed by their
real/actual value;
b) when they are audited and when it is stated that they are correct;
c) when they show in a fair way, financial status of the company
which is sufficient for the users of those reports to bring adequate
evaluations/appropriate scores;
d) when the auditors can state that the reports do not contain/have
errors or omissions and that they are not forged.
3. In case that final inventory in the simple bookkeeping shows that the
assets are greater than the liabilities, it shows that:
a) there are own assets
b) the positive financial result has been achieved/was made
c) it is not possible to establish/state financial result
4. The elements of company's business success valuation are:
a) assets
b) liabilities
c) revenues
d) expenses
5. Methods of assets and liabilities valuation can be:
a. Acquisition cost (historical or acquisition)
b. Current cost

c. Replacement cost
d. Market value
e. Net value that can be realized
f. Amount that can be compensated
g. Current value
h. Fair value
6. zadatak. (overvaluation of profit for 2300) zalihe precjenjene za 1300 KM,a
obracnati a neplaceni troskovi izostavljeni 1000 KM; kako to utice na
netoiznos
7. Business changes that affect the change of value structure of assets can be:
a) one item is created and other increases
b) one item disappears, other increases
c) one item is created/appears, other disappears
d) one item decreases, other disappears
8. According to coverage criteria, the list
a. Ordinary inventory
b. Full
c. Extraordinary
d. Partial
e. Current (continuous) listing
9. According to the quality of express.
a. Accounts of revenues
b. Accounts of assets
c. Accounts of expenses
d. Accounts of liabilities
10. Material errors are not related to the violation of double-entry bookkeeping principle, but
they may occur in one of the following cases:
a. business event is not recorded at all (book entry omitted, or it was partially
recorded, or it was recorded twice);
b. the amount from bookkeeping document is not correctly transferred into
business books;
c. recording was performed in the wrong account;
d. accounts are correct but the sides of account, i.e. payable and receivable are
swapped.
11Koja od sljedeih stavki ne ulazi u troak nabavke opreme:
a) kupovna cijena
b) trokovi isporuke
c) trokovi ugradnje, postavljanja i putanja u rad d) kamata na kredit (interest on credit)
12. Goodwil se treba otpisivati:
a) u razdoblju duljem od 5 godina
b) tijekom njegovog korisnog razdoblja koje nije dulje od 40 godina
c) ne otpisuje se( dont write off)

d) na teret zadrane dobiti

13. U uslovima stabilne novane jedinice vrednovanja trokova se vri primjenom( bilo vec)
a) prosjene ponderisane cijene
b) FIFO metoda
c) LIFO metoda
d) bilo koje metode za stabilne uslove
14. Za vrednovanje vikova materijala moe se koristiti:
a) fer cijena- fair estimated(market) value
b) cijena posljednje nabavke- the price of last acquisition
c) neto prodajna cijena
d) revalorizovana cijena
For valuation (measurement) of material as surplus,we may use the price
of last acquisition or fair estimated (market) value.
15. Knjiga blagajne predstavlja:
a) glavnu knjigu
b) analitiku evidenciju prometa gotovine(analytical records of cash flow)
c) vanknjigovodstvenu evidenciju
d) pomonu knjigu(sub-ledger book)
16. Ostali prihodi mogu biti
a) prihodi od kamata
b) prihodi od ukidanja dugoronih rezervisanja (revenues from cancellation of
long-term provisions)
c) prihodi od otpisanih obaveza (revenues from written off liabilities)
d) pozitivne kursne razlike
e) prihodi od penala, kazni, nagrada, odustatnina i sl. (revenues from penalties,
fines, rewards, withdrawal fees, etc.)
17. Obraun trokova amortizacije se moe vriti primjenom amortizacione stope:
a) metode dijelova(method of parts)
b) degresivne metode(degressive method)
c) metode po jedinici funkcionalnog kapaciteta(method of calculation of functional
capacity)
d) linearna metoda(linear method)
8. Razlozi za otkup vlastiti dionica mogu biti:
a) povlaenje iz opticaja
b) odrati povoljno trite za dionice dionikog drutva
c) smanjiti opasnost od konkurentskog preuzimanja
d) smanjiti obim poslovne aktivnosti
e) smanjiti broj vlastitih dionica u cilju poveanja dobiti (AKO BUDE TREBALOOTKUPITI VLASNIKE INTERESE 1 ILI VIE DIONIARA)
18. Reasons for redemption of own shares may be:
to reduce the volume of business activity of joint-stock
company,

 to reduce the danger from competition take over,

to reduce the number of own shares with the aim of increasing
profit (earning)
per share and market value per share,
to redeem ownership interests of one or several shareholders,
to maintain favorable market for shares of joint-stock company

19. Razlozi za proglaavanje dividendnih dionica mogu biti:

a) isplata gotovinskih dividendi
b) zadravanje novca u cilju ekspanzije dionikog drutva
c) smanjenje trine cijene dionica
d) izbjegavanje plaanja poreza
Management may have several reasons for declaration of share dividends:
retaining money with the aim of expansion of joint-stock
company at the market,
with additional issue of share dividends, there is an impact on
decrease of share market value,
with declaration of share dividends, shareholders avoid tax
payment on dividends compared with declaration and payment of
monetary dividends.
20. Metoda otpisa sitnog inventara mogu biti:
a) linearna metoda
b) 50% otpis
c) progresivna metoda
d) kalkulativni otpis(calculation write off)
dopuna
Fill in the following statement
1. The assumption that company shall continue business operations in the foreseeable
future is called business continuity concept (feasible future - continuous
operations concept)
2. Constraint of relevant and reliable information according to IFRS Framework:
a. Timelines
b. Balance between benefit and cost
c. Balance between qualitative characteristics
3. Principles of balance positions entry can be
a. Liquidity principle
b. Functionality principle
4. Expenses are recognized in income statement when decrease of economic benefit

arises from:
a. Decrease of assets
b. Increase of liabilities, that can be reliably measured (framework)
5. Gross balance i.e. trial balance represents the review (of recapitulation) of balance
and turnover of all accounts of general ledger???
6. Gains or losses arising from the seizure of recognition of items of property, plant and
equipment, should be determined as a difference between the net amount of
receivables from disposal and carrying amount of assets.
7. Shareholders premium (premium on issued shares) is the amount
which is achieved with sale above nominal value.
8. In order to have positive foreign exchange differences in occurrence of foreign
liabilities, it is needed that the rate of domestic currency against foreign currency
increases, that is, to have REVALUATION, so that settlement of foreign liabilities
requires less domestic currency.
9. Trokovi nakon nabavke materijalnog stalnog sredstva, a tokom
njegovog pripremanja za proizvodnju trebali bi se __ UKLJUITI U
NABAVNU VRIJEDNOST SREDSTVA
10.include in acquisition (cost) value of asset
10. The value of by products in terms of application of calculation of related
(purchasing) product can be performed up to level net selling market
price.