ENADE Ciências Contábeis Practice Questions - ENADE Ciências Contábeis - Exame Nacional de Desempenho dos Estudantes Exam - ENADE Ciências Contábeis Practice Questions - ENADE Ciências Contábeis - Exame Nacional de Desempenho dos Estudantes Exam

Question 1

Under the CPC 00 (R2) Conceptual Framework for Financial Reporting (Estrutura Conceitual para Relatório Financeiro), qualitative characteristics determine the usefulness of information provided in general-purpose financial reports. Which pair represents the two fundamental qualitative characteristics that financial information must possess to be useful?

Relevance and Faithful Representation (Relevância e Representação Fidedigna). Comparability and Verifiability (Comparabilidade e Verificabilidade). Timeliness and Understandability (Tempestividade e Compreensibilidade). Materiality and Prudence (Materialidade e Prudência Convencional).

Correct Answer:

Relevance and Faithful Representation (Relevância e Representação Fidedigna).

Question 2

A Brazilian pharmaceutical company spent R$ 5,000,000 during the fiscal year on scientific research activities aimed at discovering new chemical compounds, before proving technical and commercial feasibility. According to CPC 00 (R2) and CPC 04 (R1) Intangible Assets (Ativo Intangível), how should this expenditure be recognized in the financial statements?

Capitalized as an intangible asset under development and subjected to mandatory annual impairment testing. Recognized immediately as an operational expense in profit or loss (DRE) for the period in which it is incurred. Recorded in shareholders' equity under capital reserves until commercial authorization is granted by ANVISA. Deferred as a non-current prepaid expenditure and amortized linearly over the legal duration of the patents that the research is expected to generate.

Correct Answer:

Recognized immediately as an operational expense in profit or loss (DRE) for the period in which it is incurred.

Question 3

CPC 00 (R2) classifies measurement bases into two main categories: historical cost (custo histórico) and current value (valor atual). Which measurement base reflects the present value of the estimated future cash flows that an entity expects to derive from the continuing use of an asset and from its ultimate disposal?

Fair value less costs of disposal (Valor justo líquido das despesas de alienação). Current replacement cost (Custo corrente de reposição ou reposição equivalente). Value in use for assets / Fulfillment value for liabilities (Valor em uso / Valor de cumprimento). Net realizable value under normal liquidation conditions (Valor realizável líquido ordinário), measured as estimated selling price less costs to sell.

Correct Answer:

Value in use for assets / Fulfillment value for liabilities (Valor em uso / Valor de cumprimento).

Question 4

At the balance sheet date (31/12/20X1), a commercial retailer holds 1,000 units of merchandise in stock with an acquisition cost of R$ 80.00 per unit. Due to a new competitor entering the market, the estimated selling price is now R$ 85.00 per unit, and the company will incur selling expenses (freight, sales commission, and ICMS) of R$ 12.00 per unit to complete the sales. In accordance with CPC 16 (R1) Inventories (Estoques), what is the inventory balance reported on the Balance Sheet and the resulting income statement adjustment?

Inventory balance of R$ 80,000, with no adjustment required since the selling price of R$ 85 exceeds the historical acquisition cost. Inventory balance of R$ 85,000, with a gain of R$ 5,000 recognized in profit or loss for the period to reflect updated market replacement prices. Inventory balance of R$ 72,000, with an impairment write-down of R$ 8,000 recognized in profit or loss due to net realizable value decline. Inventory balance of R$ 73,000, with a loss of R$ 7,000 recognized in profit or loss (DRE) as an inventory provision adjustment.

Correct Answer:

Inventory balance of R$ 73,000, with a loss of R$ 7,000 recognized in profit or loss (DRE) as an inventory provision adjustment.

Question 5

Regarding the valuation of interchangeable inventory items under Brazilian accounting standards (CPC 16 R1 / NBC TG 16) and Brazilian corporate tax legislation (Regulamento do Imposto de Renda - RIR/2018), which cost measurement formula is strictly PROHIBITED for both financial reporting and tax purposes?

UEPS / LIFO (Último a Entrar, Primeiro a Sair / Last-In, First-Out). PEPS / FIFO (Primeiro a Entrar, Primeiro a Sair / First-In, First-Out). Custo Médio Ponderado Móvel (Weighted Moving Average Cost). Preço Específico de Identificação (Specific Identification Method).

Correct Answer:

UEPS / LIFO (Último a Entrar, Primeiro a Sair / Last-In, First-Out).

Question 1

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Prepare with the ENADE Ciências Contábeis Practice Questions - ENADE Ciências Contábeis - Exame Nacional de Desempenho dos Estudantes Exam practice quiz. This question bank includes 100 questions covering cost, unit, company, income, and costs. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ENADE Ciências Contábeis Practice Questions - ENADE Ciências Contábeis - Exame Nacional de Desempenho dos Estudantes Exam

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