《会计专业英语》期末测试题及答案
姓名学号得分
一、单项选择题（共10小题，每小题2分，计20分）
1. A procedural element of accounting is____.
A.Planning
B. Control
C. Bookkeeping
D. Auditing
2. A business has asts of $140,000 and liabilities of $60,000. How much is its
owner’s equit y?
A.$0
B. $140,000
C. $80,000
D. $200,000
3.Which of the following statements best describes the purpo of internal control?
A.To provide assurance that the entire business operates in accordance with
management’s plans and polices
B.To prevent fraud
C.To ensure that expens and cash outlays are held to a minimum
D.To provide adequate subdivision of duties within the organization
4.Typical liability accounts include?
A.Accounts payable, bank loan, wages payable and drawings
B.Accounts payable, bank overdraft, wages payable and stationery土地承包合同书
C.Accounts payable, bank overdraft, wages payable and unearned revenue
D.Accounts payable, borrowing from the public, bank overdraft, wages payable
5.Sales revenue $200,000, beginning inventory $30,000, inventory purchad
$100,000 and inventory sold $90,000. It is true that____.
A.Goods available for sale (GAFS) equals $200,000
B.Gross profit equals $110,000
C.Ending inventory equals $30,000
D.Cost of goods sold (COGS) equals $40,000
6.Which statement regarding the liabilities and owners’ equity ction of balance
sheet is Fal?
A.Payment of Dividend Payable eliminates both the asts and the own ers’
equity
B.Liabilities are debts or obligations that must be discharged in money or
rvices in the future
C.Owners’ equity is a residual claim to the remaining asts after discharge of
debts
D.Balance sheet of corporations should parate Capital Stock and
Retained Earnings
7.The operating income/sales ratio is an example of a_____.
A.Turnover or efficiency ratio
B. Coverage or liquidity ratio
C.Leverage or debt ratio
D. None of the above
8. A management control system is_____.
A.A possible cour of action that might enable an organization to achieve its
objectives
B. A collective term for the hardware and software ud to drive a databa
system
C. A t up that measures and corrects the performance of activities of
subordinates in order to make sure that the objectives of an organization are being met and their associated plans are
being carried out
D.A system that controls and maximizes the profits of an organization
9.Company A manufactures and lls only one product, the lling price per unit of
products is $20, and the variable cost per unit is $15, the total fixed cost for the year is $80,000. Then the break-even sales for Company A is_____.
A. $400,000
B.16, 000
C.320, 000
D. $240,000
煎熬的等待10.The total estimate sales for the coming year is 250,000 units. The estimated
inventory at the beginning of the year is 22,500 units, and the desired inventory at the end of the year is 30,000 units. The total production indicated in the production budget is_____.
A. 242,500 units
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B. 280,000 units
C. 257,000 units
D. 302,500 units
二、多项选择题（共5小题，每小题4分，计20分）
1.Which of the following are fixed costs?
A.Telephone bill
B.Annual salary of the chief accountant
C.The management accountant's annual membership fee to ACCA (paid by the小儿疳积
company)
D.Wages of warehoumen
2.For commercial bank, which two parts does the operating revenue mainly
include?
A.Ast Revenue
B. Rental Revenue
C. Service Revenue
D. Bond Revenue
3.Which of the are the audit objectives?
A.Validity
B. Completeness
C. Timing
D. Valuation
4.Which of the following statements regarding materiality and misstatements is
correct?
A.Materiality decisions are made relative to the size of the organization being
audited.
B. A lower materiality level would increa the extent of audit procedures
performed.
C.At the planning stage, the auditor should design specific procedures to detect
material qualitative misstatements.
D.Likely aggregate misstatements include the net effect of uncorrected
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misstatements in opening equity.
5.The audit report should include the following basic contents_____.
A. The title
B. The introductory paragraph
C. The scope paragraph
D. The opinion paragraph
三、判断题（正确写“T”，错误写“F”。共10小题，每小题1分，计10分）
1.Payment of an account payable will not affect owner’s equity.
2.The purcha of office supplies on account will increa an ast and decrea
another ast.
3. A basic difference between loss contingencies and “real” liability is: liability are
always recorded in the accounting records, whereas loss contingencies never are.
4.Capital Stock Subscribe is an owners’ equity account.
5.An income statement is a summary of the revenues and expens of a business as
of a specific date.新生儿脱皮
6.Temporary investments are reported on the balance sheet at cost.
7. A comparison of financial relationships within a company is known as
intercompany analysis.
8.When the market rate of interest on bonds is higher than the contract rate, the
bonds will ll at a premium.
9.The performance of rvice for a customer or client and immediate receipt of cash
will increa one ast and decrea another ast.
10.The balance sheet is also called the statement of financial position becau it
describes the financial position of the business at a point in time.
四、简答题（共2小题，每小题10分，计20分）
1.What is accounting cycle? And write down the steps of accounting cycle briefly.
2.What basic conditions must be met before auditors can issue an unqualified
auditors’ report?
五、翻译题（共2小题，每小题5分，计10分）
1.Cost behavior is the way in which a cost changes in relation to changes in activity
output. The time horizon is important in determining cost behavior becau costs can change from fixed to variable depending on whether the decision takes place over the short run or the long run. Usually we assume that variable costs increa in direct proportion to increas in activity output. Fixed costs are tho which do not change in total as activity output changes. Mixed cost has both a variable and
a fixed component.
2.The basic principles of portfolio lection boil down to a commonn statement
that investors try to increa the expected return on their portfolios and to reduce the standard deviation of that return. A portfolio that gives the highest expected return for a given standard deviati
on, or the lowest standard deviation for a given expected return, is known as an efficient portfolio.
六、计算题（共2小题，每题10分，计20分）
1. For each of the following, journalize the necessary adjusting entry:
(1) A business pays weekly salaries of $15,000 on Friday for a five-day week
ending on that day. Journalize the necessary adjusting entry at the end of the
鸿鹄之志是什么意思fiscal period, assuming that the fiscal period ends (a) on Wednesday, (b) on
Thursday.
(2) The balance in the prepaid insurance account before adjustment at the end of
the year is $14,000. Journalize the adjusting entry required under each of the
following alternatives: (a) the amount of insurance expired during the year is
$4,500, (b) the amount of unexpired insurance applicable to a future period
is $1,500.
(3) On July 1 of the current year, a business pays $36,000 to the city for licen
taxes for the coming fiscal year. The same business is also required to pay an
annual property tax at the end of the year. The estimated amount of the
current year's property tax allocable to July is $3,200. (a) Journalize the two
adjusting entries required to bring the accounts affected by the taxes up to
date as of July 31. (b) What is the amount of tax expen for July?
(4) The estimated depreciation on equipment for the year is $24,000.
2.The following data are adapted from a recent annual report of Walton Company
(dollar amounts are stated in millions):
2015 2014
Balance sheet data:
Quick asts $815.20 $627.30
Current asts 4393.9 3550.1
Current liabilities 3011.6 2303.7
Shareholders’ equity 5207.2 4234
Total asts 8833.8 7103.7
Income Statement
data:
Net sales 24623 21206.9
Gross profit 6574.1 5741
Operating income 1398.3 1224.1
Net income 885.6 776.9 Instructions:
(1)Compute the following for 2015 and 2014 (round to one decimal place.)
a.Working capital
b.Current ratio
c.Quick ratio
(2)Comment on the trends in the liquidity measures and state whether Walton
appears to be able to satisfy its liabilities at the end of 2015.
《会计专业英语》期末测试卷A卷参考答案
一、单项选择题
1.C
2.C
3.C
4.D
5.B
6.A
7.D
8.C
9.C 10.C
二、多项选择题
1．BC 2．AC 3．ABCD 4．ABD 5．ABCD
三、判断题
1. T
2. F
3. F
4. T
5. F
6. F
7. F
8. F
9. F 10. T
四、简答题
1．The term accounting cycle refers to the steps in preparing financial statements. The accounting cycle include standardized procedures that are performed in quence during every accounting period. The quence of accounting procedures ud to record, classify, and summarize accounting
information is often termed the accounting cycle. Accounting cycle begins with the initial recording of business transactions and concludes with the preparation of formal financial statements summarizing the effects of the transactions upon the asts, liabilities, and owner’s equity of the business. The term “cycle” indicates that the procedures must be repeated continuously to enable the business to prepare new up-to-date statements at reasonable intervals. Accounting cycle can be divided into the following steps：
(1) Journalize transactions.
(2) Post to ledger accounts.
(3) Prepare a trial balance.
(4) Make end-of-period adjustments.
(5) Prepare an adjusted trial balance.
(6) Prepare financial statements and appropriate disclosures.
(7) Journalize and post the closing entries.
(8) Prepare an after-closing trial balance. This step ensures that the 1edger remains in balance after posting of the closing entries.
2. A uditors express an unqualified opinion on the client’s financial statements when they have no material exceptions as to the fairness of the application of accounting principles, and there have been no unresolved restrictions on the scope of their engagement. The unqualified opinion is, of cour, the most desirable report from the client’s point of view. The client usually will make any necessary adjustments to the statement to enable the auditors to issue this type of opinion.
五、翻译题
1. 成本习性是指成本总额随业务量变动的方式。在确定成本习性时应特别注意时间跨度。成本的习性可能会因为决策的长短而发生变动，如固定成本转为变动成本。通常假定变动成本总额会随着业务量的增加而成正比例增加，固定成本总额则不会随着业务量的增减而发生变动，混合成本则既包含固定成本成份又包含变动成本成份。
张家界一日游攻略2. 投资组合选择的基本原则归结成常识性的说法便是：投资者力图提高他们投资组合的期望收益并减少该收益的标准差。有效投资组合是那些特定标准差下具有最高期望收益和特定收益下具有最低标准差的投资组合。
六、计算题
