Fachmann Finanz- und Rechnungswesen FA Practice Questions - Fachfrau Fachmann im Finanz- und Rechnungswesen mit eidgenössischem Fachausweis Exam - Fachmann Finanz- und Rechnungswesen FA Practice Questions - Fachfrau Fachmann im Finanz- und Rechnungswesen mit eidgenössischem Fachausweis Exam

Question 1

Under Art. 957a Para. 2 of the Swiss Code of Obligations (OR), which fundamental principle of proper bookkeeping requires that all transactions and economic events must be verifiable through clear accounting vouchers and records?

Principle of verifiability and audit trail (Nachprüfbarkeit / Belegnachweis) Principle of historical cost (Anschaffungswertprinzip) Principle of prudence (Vorsichtsprinzip) Principle of materiality (Wesentlichkeitsprinzip)

Correct Answer:

Principle of verifiability and audit trail (Nachprüfbarkeit / Belegnachweis)

Question 2

A Swiss manufacturing AG purchases specialized production machinery on 1 July 2025 for CHF 240,000 net of VAT. In addition, the company incurs CHF 15,000 for freight and CHF 25,000 for foundation installation and technical calibration before operational commissioning on 1 October 2025. What is the maximum statutory acquisition cost (Anschaffungswert) to be capitalized under Art. 958a/960a OR?

CHF 280,000 CHF 240,000 CHF 255,000 CHF 265,000

Correct Answer:

CHF 280,000

Question 3

Under the Swiss Code of Obligations (Art. 960e Para. 3 OR) and Swiss tax law, what is the statutory treatment of hidden reserves (stille Reserven) created through unjustified excessive depreciation or inflated provisions in commercial financial statements?

They are permissible under Swiss commercial law to ensure the continuous prosperity of the enterprise, but must be disclosed in the notes if net dissolution significantly improves reported earnings They are strictly prohibited in Swiss statutory commercial balance sheets and lead to immediate nullity of the financial statements They may only be created with the prior written approval of the cantonal commercial register authority They must be offset directly against paid-in share capital on the liabilities side of the balance sheet

Correct Answer:

They are permissible under Swiss commercial law to ensure the continuous prosperity of the enterprise, but must be disclosed in the notes if net dissolution significantly improves reported earnings

Question 4

When preparing a Swiss company's tax reconciliation, how should an accountant treat a flat-rate bad-debt allowance (Pauschal-Delkredere) whose percentage is based only on administrative practice?

Apply the rate accepted by the competent tax authority and separately substantiate identifiable individual default risks Apply 5% to every domestic balance and 10% to every foreign balance in every canton Deduct the full receivable balance whenever an invoice is overdue Ignore all default risk until bankruptcy proceedings have ended

Correct Answer:

Apply the rate accepted by the competent tax authority and separately substantiate identifiable individual default risks

Question 5

Under Swiss GAAP FER 2 (Balance Sheet and Valuation), how must inventories (Vorräte) be valued at the balance sheet date?

At the lower of cost (acquisition/production cost) or net realizable value (Niederstwertprinzip) At fair value through profit or loss based on current market replacement cost Strictly at historical acquisition cost without impairment testing At standard cost with variance adjustments deferred over five years

Correct Answer:

At the lower of cost (acquisition/production cost) or net realizable value (Niederstwertprinzip)

Question 1

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Prepare with the Fachmann Finanz- und Rechnungswesen FA Practice Questions - Fachfrau Fachmann im Finanz- und Rechnungswesen mit eidgenössischem Fachausweis Exam practice quiz. This question bank includes 100 questions covering swiss, statutory, cost, company, and commercial. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Fachmann Finanz- und Rechnungswesen FA Practice Questions - Fachfrau Fachmann im Finanz- und Rechnungswesen mit eidgenössischem Fachausweis Exam

This practice set contains 100 questions from the matching question bank and focuses on swiss, statutory, cost, company, and commercial. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

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Fachmann Finanz- und Rechnungswesen FA Practice Questions - Fachfrau Fachmann im Finanz- und Rechnungswesen mit eidgenössischem Fachausweis Exam

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