1.

The following are not criteria for financial assets to be classified as held to maturity
A. Non-derivative financial assets
B. Has variable payments
C. The maturity is fixed
D. The entity has the positive intention and ability to hold these financial assets to
maturity
Answer: B
Financial assets can be categorized as held-to-maturity assets if they meet all of the
following conditions:
1. Non-derivative financial assets
2. Have a fixed or predetermined payment
3. The maturity has been determined
4. The entity has the positive intention and ability to hold these financial assets to
maturity
2. If the company has 25% ownership in another company, the investment in the shares
will be recorded using
A. Fair value method
B. Consolidation
C. Acquisition cost
D. Equity method
Answer: D
The equity method is used when an entity has 20% - 50% ownership in the other
entity, the entity has significant influence over the operating and financial policies of
the other entity, even though the entity cannot legally control the association.
3. Gains or losses arising from changes in the fair value of investments in debt classified
as available for sale are recognized in
A. Other expenses or income
B. Invest in debt
C. Other comprehensive income
D. Gross profit (profit or loss)
Answer: C
Gains or losses arising from changes in the fair value of investments in debt classified
as available for sale are recognized in other comprehensive income, except for losses
on value generation and gains and losses from changes in exchange rates.

4. Below are the reasons why tangible and intangible assets are not financial assets
A. Control over tangible and intangible assets does not give rise to the current
right to receive cash or other financial assets
B. Control over tangible and intangible assets may give rise to the current right to
receive cash or other financial assets
C. Control over tangible and intangible assets must be exercised when the assets
are acquired
D. Control over tangible and intangible assets cannot be exercised clearly
 Answer: A
Based on PSAK 50, tangible assets, leased assets and intangible assets are not
financial assets. control over tangible and intangible assets creates an opportunity to
obtain an inflow of cash or other financial assets, but such control does not give rise
to the current right to receive cash or other financial assets
5. How the measurement of the impairment loss of a category financial asset is carried at
amortized cost?
A. Impairment loss is the difference between the asset's carrying value and the
present value of estimated future cash flows, discounted using the asset's
original effective interest rate.
B. Impairment loss is the difference between the carrying amount of an asset and
the present value of estimated future cash flows discounted at the rate of return
prevailing in the market for similar financial assets.
C. Impairment loss is the difference between acquisition cost and current fair
value, less impairment loss on financial assets previously recognized in profit
or loss.
D. Impairment loss is the difference between the carrying amount of an asset and
the present value of estimated future cash flows discounted at the market
interest rate for similar financial assets.
Answer: A
Impairment loss is the difference between the asset's carrying value and the present
value of estimated future cash flows, discounted using the asset's original effective
interest rate  measurement of impairment loss for financial assets is carried at
amortized cost
Impairment loss is the difference between the carrying amount of an asset and the
present value of estimated future cash flows discounted at the rate of return prevailing
in the market for similar financial assets  the measurement of the impairment loss
for financial assets is carried at cost
Impairment loss is the difference between acquisition cost and current fair value, less
impairment loss on financial assets previously recognized in profit or loss  the
measurement of the impairment loss for available-for-sale financial assets