2007年注冊(cè)會(huì)計(jì)師考試英語(yǔ)加試題樣及答案1、Giveabriefexplanationforthefollowingterms(10%)JournalentryGoingconcernMatchingprincipleWorkingcapitalRevenueexpenditure.Pleasereadthefollowingpassagecarefullyandfillineachofthe11blankswithawordmostappropriatetothecontent(10%)Thedouble-entrysystemofaccountingtakesitsnamefromthefactthateverybusinesstransactionisrecordedby()typesofentries：1： ()entriestooneormoreaccountsand2：creditentriestooneormoreaccounts.Inrecordinganytransaction,thetotaldollaramountofthe()entriesmust()thetotaldollaramountofcreditentries.Oftenatransactionaffectsrevenuesorexpensesoftwoormoredifferentperiods,inthesecases,an()entriesareneededto()toeachperiodtheappropriateamountsofrevenuesandexpenses.Theseentriesareperformedatthe()ofeachaccountingperiodbut()topreparingthefinancialstatements.Marketablesecuritiesarehighly()investments,primarilyinsharestocksandbounds,()canbesold()quotedmarketpricesinorganizedsecuritiesexchanges..TranslatethefollowingChinesestatementsintoEnglish(18%)(1)財(cái)務(wù)報(bào)表反映一個(gè)企業(yè)的財(cái)務(wù)狀況和經(jīng)營(yíng)成果，是根據(jù)公認(rèn)會(huì)計(jì)準(zhǔn)則編制的。這些報(bào)表是為許多不同的決策者，許多不同的目的而提供的。納稅申報(bào)單則反映應(yīng)稅收益的計(jì)算，是由稅法和稅則規(guī)定的概念。在許多情況下，稅法和公認(rèn)會(huì)計(jì)準(zhǔn)則相似，但兩者卻存在實(shí)質(zhì)上的不同。(2)審計(jì)師不保證財(cái)務(wù)報(bào)表的準(zhǔn)確性，他們僅就財(cái)務(wù)報(bào)表的公允性發(fā)表專家意見(jiàn)。然而注冊(cè)會(huì)計(jì)師事務(wù)所的聲譽(yù)來(lái)自于他們對(duì)審計(jì)工作的一絲不茍和審計(jì)報(bào)告的可靠性。TranslatethefollowingstatementsintoChinese(12%)Accountingprinciplesarenotlikephysicallaws；theydonotexistinnature,awaitingdiscoveryman.Rather,theyaredevelopedbyman,inlightofwhatweconsidertobethemostimportantobjectivesoffinancialreporting.Inmanywaysgenerallyacceptedaccountingprinciplesaresimilartotherulesestablishedforanorganizedsportshuchasfootballorbasketball.Accountinghavedevisedprocedureswherebytheflowsofcashreceiptsandpaymentsarespreadoveraperiodoftimeinacertainwaytoderiveincome,whichisrepresentativeoftheeconomicperformanceofthefirmforthegivenperiod.Theincomeconceptasappliedintherealworldinvolvesnumerousdecisionsandjudgmenmts.Multiplechoicequestions(choosethebestforyouranswer)(10%)TheCPAfirmauditingXYRecordingServicefoundthatretainedearningwereunderstatedandliabilitieswereoverstated.Whichofthefollowingerrorscouldhavebeenthecause?Makingtheadjustmententryfordepreciationexpensestwice；Failuretorecoredinterestaccruedonanotepayable；Failuretomaketheadjustingentrytorecoredrevenuewhichhadbeenearnedbutnotyetbilledtoclients；Fa川uretorecoredtheearnedportionoffeesreceivedinadvance.Howwillnetincomebeaffectedbytheamortizationofadiscountonbondspayable?A.Interestexpenseisincreased,B.Interestexpenseisdecreased,C.Interestexpenseisincreased,D.Interestexpenseisdecreased,(3)Astockdividendsonetincomeisdecreased；A.Interestexpenseisincreased,B.Interestexpenseisdecreased,C.Interestexpenseisincreased,D.Interestexpenseisdecreased,(3)Astockdividendsonetincomeisdecreased；sonetincomeisincreased；sonetincomeisincreased；sonetincomeisdecreased；Increasethedebt-to-equityratioofafirm；Decreasefutureearningspershare；Decreasethesizeofthefirm；Increasesharholder'swealth；Noneoftheabove.Acompanyhadsalesinboth1999and2000of$200000.Costofsalesfor1999was$140000.Incomputingthecostofsalesfor1999,anitemofinventorypurchasedin1999for$50wasincorrectlywrittendowntocurrentreplacementcostof$35,Theitemiscurrentlysellingin2000for$100,itsnormalsellingprice.Asaresultofthiserror：Incomefor1999isoverstated；Costofsalesfor2000willbeoverstated；Incomefor2000willbeoverstated；Incomefor2000willnotbeaffected.Noneoftheabove.Usingthedatapresentedbelow,calculatethecostofsalesfortheBCCompanyfor1999.Currentratio3.5Quickratio3.0Currentliabilities12/31/1999$600000Inventory12/31/1999$500000Inventoryturnover8.0ThecostofsalesfortheBCCompanyfor1999was：A.$1600000；B.$2400000；C.$3200000；D.$6400000；E.Noneofthese.WCompanycomputedthefollowingitemsfromitsfinancialrecordsfor1999：Price-earningratio12Pay-outratio0.6Assetsturnoverratio0.9ThedividendyieldonW'scommonstockfor1999is：A.5%B.7.2%C.7.5%D.10.2%thedataaboutAccountsreceivableofNewtonCompanyfor1999asfollows：Accountsreceivable12/31/1999$150000Allowanceforuncollectibleaccounts12/31/19995000(credit)Baddebtexpensesfortheyear2000During1999recoveriesonbaddebtspreviouslywrittenoffwerecorrectlyrecordedat$500.Ifthebeginningbalanceintheallowanceforuncollectibleaccountswas$4700,Whatwastheamountofaccountsreceivablewrittenoffasbaddebtsduring1999：A.$1200B.$1800C.$2200D.$2400Whichoneofthefollowingitemswouldlikelyincreaseearningspershare(EPS)ofacorporation?Declarationofastockdividend；Declarationofastocksplit；Purchasetreasurystock；Areductionintheamountofcashdividendspaid；Noneofabove；Theprimarypurposeforusinganinventoryflowassumptionisto：Parallelthephysicalflowofunitsmerchandise；Offsetagainstrevenueanappropriatecostofgoodssold；Minimizeincometaxes；Maximizethereportedamountofnetincome.Deltacompanysoldaplantassetsthatoriginallyhadcostof$50000for$22000cash.IfDeltacompanycorrectlyreportsa$5000gainonthissale.Theaccumulateddepreciationontheassetatthedateofsalemusthavebeen：A.$28000；B.$23000C.$33000；D.$27000；E.SomeotheramountBondspayableissueandrecordinginterestexpenses.(15%)TheABCCompanysold$600000ofits9.5%,12yearsbondsonApril1,2000,at106.Thesemi-annualinterestpaymentdatesareApril1andOctober1.Theeffectiveinterestrateisapproximately8.9%,Thecompany'sfiscalyearendsDecember31.Required：Preparejournalentriestorecord：TheissueofthebondsonApril1,2000ThefirstinterestpaymentonOctober1,2000TheAmortizationofpremiumordiscountandinterestexpensesonDecember31,2001.StatementofCashFlows(14%)ThenetincomeoftheZYCompanyfor1999was$260000.Additionaldataavailablerelativetoactivitiesfortheyeararegivenbelow：Depreciationexpensesfortheyear,$90000；Lossonsaleofmachineryusedinoperationswas$2400；Accountsreceivableincreasedby$2000；Accountspayableincreasedby$8400；Patentamortizationfortheyearwas$14800；Amortizationofpremiumonbondspayablefortheyearwas$4600.RequiredPreparethecashflowsfromoperatingactivitiessectionofastatementofcashflowsundertheindirectmethod.DeterminingRevenueandCapitalExpenditures(11%)ThecontrollerforXYZCo.AsksyoutoreviewtheRepairandMaintenanceExpensesaccounttodetermineifallofthechargesareappropriate.Theaccountcontainsmanytransactionstotaling$215540.Allofthetransactionsareconsideredmaterial.Required：Youexaminethreeofthetransactions.Indicatewhethereachtransactionisproperlychargedtothereqairandmaintenanceaccountand,ifnot,indicatewhynotandtowhichaccountthetransactionshouldbecharged.Thethreetransactionsasfollows：ItemDateAmountDecription01/03/00$10000Two-yearservicecontractonofficeequipment05/18/00$38500Sealingroofleaksoverentireproductionplant10/20/00$48500Purchaseacranefortheassemblydepartement參考答案(1)JournalentryAchronologicalrecordoftransactions,showingforeachtransactionthedebitsandcreditstobeenteredinspecificledgeraccounts.GoingconcernAnassumptionthatabusinessentitywillcontinueinoperationindefinitelyandthuswillcarryoutitsexistingcommitments.MatchingprincipleTherevenueearneddruinganaccountingperiodisoffsetwiththeexpensesincurredingeneratingthisrevenue.WorkingcapitalCurrentassetsminuscurrentliabilitiesRevenueexpenditureAnyexpenditurethatwillbenefitonlythecurrentaccountingperiod..每空1分，其中兩個(gè)debit合計(jì)1分(two)o(debit)。(debit)。(equal)。(adjusting)°(assign)。(end)。(prior)(liquid)。(that)。(at).題一10分，第一小段6分，第二小段4分。題二8分Financialstatementsshowthefinancialpositionofabusinessandtheresultsofitsoperations,presentedinconformitywithgenerallyacceptedaccountingprinciples.Thesestatementsareintendedforusebymanydifferentdecisionmakers,formanydifferentpurposes.Taxreturnsshowthecomputationoftaxableincome,legalconceptbytaxlawsandregulations.Inmanycases,taxlawsaresimilartogenerallyacceptedaccountingprinciples,butsubstantialdifferencesdoexist.Auditorsdonotguaranteetheaccuracyoffinancialstatements；theyexpressonlytheirexpertopinionastothefairnessofthestatements.However,CPAfirmsstaketheirreputationsonthethoroughnessoftheirauditsandthedependabilityoftheirauditreports..每小題6分，每小題包括三小句，每小句2分。(1)會(huì)計(jì)原則不象自然法則，從性質(zhì)上來(lái)說(shuō)不是等待人們?nèi)グl(fā)現(xiàn)，而是我們考慮財(cái)務(wù)報(bào)告的最重要目標(biāo)后據(jù)此由人制定的。在很多方面公認(rèn)會(huì)計(jì)準(zhǔn)則類似于為有組織的體育比賽，如足球或籃球比賽制定的比賽規(guī)則。(2)會(huì)計(jì)師制定了一些會(huì)計(jì)程序，據(jù)此將現(xiàn)金收支分配于一定期間，以某種方式確定出收益，該收益代表這個(gè)企業(yè)特定期間的經(jīng)濟(jì)成果。收益概念應(yīng)用于現(xiàn)實(shí)生活涉及許多的抉擇和判斷。.每小題選對(duì)1分C,(2)A,(3)B,(4)C,(5)C,(6)A,(7)C,(8)C,(9)B,(10)B.(1)全對(duì)4分，(2)全對(duì)5分，(3)全對(duì)6分Debit：cash636000Credit：Bondspayable600000Premiumonbondspayable36000Debit：InterestExpen