怀尔德会计学原理21版英语题库答案Chapter 1
Accounting in Business
QUESTIONS
1. The purpo of accounting is to provide decision makers with relevant and reliable
information to help them make better decisions. Examples include information for
people making investments, loans, and business plans.
2. Technology reduces the time, effort, and cost of recordkeeping. There is still a
demand for people who can design accounting systems, supervi their operation,
analyze complex transactions, and interpret reports. Demand also exists for people
who can effectively u computers to prepare and analyze accounting reports.
Technology will never substitute for qualified people with abilities to prepare, u,
analyze, and interpret accounting information.
3. External urs and their us of accounting information include:
(a) lenders, to
measure the risk and return of loans; (b) shareholders, to asss whether to buy,
ll, or hold their shares; (c) directors, to overe their
interests in the organization;
(d) employees and labor unions, to judge the fairness of wages and asss future
employment opportunities; and (e) regulators, to determine whether
the organization
is complying with regulations. Other urs are voters, legislators, government
officials, contributors to nonprofits, suppliers and customers.
关于酒的句子
4. Business owners and managers u accounting information to help answer
运动损伤questions such as: What resources does an organization own? What
debts are owed?
素养教育How much income is earned? Are expens reasonable for the level of sales? Are
customers‘ accounts being promptly collected?
5. Service business include: Standard and Poor‘s, Dun & Bradstreet, Merrill Lynch,
Southwest Airlines, CitiCorp, Humana, Charles Schwab, and Prudential. Business
你轻一点
offering products include Nike, Reebok, Gap, Apple Computer, Ford Motor Co.,
Philip Morris, Coca-Cola, Best Buy, and Circuit City.遗憾也是一种美
6. The internal role of accounting is to rve the organization‘s internal operating
functions. It does this by providing uful information for internal urs in
completing their tasks more effectively and efficiently. By providing this information,
accounting helps the organization reach its overall goals.
7. Accounting professionals offer many rvices including auditing, management
advice, tax planning, business valuation, and money management.
8. Marketing managers are likely interested in information such as sales volume,
中级会计师报名条件
advertising costs, promotion costs, salaries of sales personnel, and sales
commissions.
9. Accounting is described as a rvice activity becau it rves decision makers by
providing information to help them make better business decisions.
10. Some accounting-related professions include consultant,
financial analyst,
underwriter, financial planner, apprair, FBI investigator, market rearcher, and
system designer.
11. Ethics rules require that auditors avoid auditing clients in which they have a direct
梳
investment, or if the auditor‘s fee is dependent on the figures in the client‘s reports.
This will prev ent others from doubting the quality of the auditor‘s report.
12. In addition to preparing tax returns, tax accountants help companies and individuals
plan future transactions to minimize the amount of tax to be paid. They are also
actively involved in estate planning and in helping t up organizations. Some tax
分手的句子accountants work for regulatory agencies such as the IRS or the various state
departments of revenue. The tax accountants help to enforce tax laws. 13. The objectivity concept means that financial statement information is supported by
independent, unbiad evidence other than someone‘s opinion or imagination. This
concept increas the reliability and verifiability of financial statement information. 14. This treatment is justified by both the cost principle and the going-concern
assumption.
15. The revenue recognition principle provides guidance for managers and auditors so
they know when to recognize revenue. If revenue is recognized too early, the
business looks more profitable than it is. On the other hand, if revenue is
recognized too late the business looks less profitable than it is. This principle
demands that revenue be recognized when it is both earned and can be measured
reliably. The amount of revenue should equal the value of the asts received or
expected to be received from the business‘s operating activities covering a specific
time period.
16. Business organizations can be organized in one of three basic forms: sole
proprietorship, partnership, or corporation. The forms have implications for legal
liability, taxation, continuity, number of owners, and legal status as follows:
Proprietorship Partnership Corporation
Business entity yes yes yes
Legal entity no no yes
