題目：

Indicate which of the following statements regarding the Conceptual Framework is correct or incorrect.

1. The money measurement concept requires all assets and liabilities to be accounted for at original (historical) cost

2. Faithful representation means that the commercial effect of a transaction should be reflected in the financial statements, not necessarily its legal form

3. The concept of materiality considers only the decisions that primary users may take based on the financial information about the specific reporting entity

答案：1 incorrect 2 correct 3 correct

考點：Chapter 1 conceptual framework

答案解析：Qualitative characteristic of useful financial information

l Fundamental(區分useful? useful)

2 Relevance(consider materiality)

2 Faithful representation(substance over form;complete,netural,free from error)

l Enhancing(區分more useful&less useful)

2 Comparability(consistency)

2 Verifiability

2 Timeliness

2 Understandability(編制給有一點財報知識的人閱讀）

l Cost

l Measurement

2 Historical cost

2 Current value

ü Fair value

ü Value in use(for assets)or fulfillment value(for liabilities)

ü Current cost

知識點復習建議：概念題的區分，需要對基本概念熟知