会计英语作业2

会计英语作业2

Exercise 1: On June 30, 20x2,M Company issued $ 4 000 000 face value of 10%, 10-year bonds at $3 541 203, a yield of 12%. M uses the effective interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.

Required:

a. a.Prepare the journal entries to record the following transactions:

1. 1.The issuance of the bonds on June 30,20x

2.

2. 2.The payment of interest and the amortization of the discount on December 31,

20x2.

3. 3.The payment on interest and the amortization of the discount on June 30, 20x3.

4. 4.The payment on interest and the amortization of the discount on December 31,

20x3.

b. b.Show the proper balance sheet presentation for the liability for bonds payable on the

December 31, 20x3, balance sheet.

c. c.Provide the answers to the following questions:

1. 1.What amount of interest expense is reported for 20x2?

2. 2.Will the bond interest expense reported in 20x2 be the same as, greater than ,or

less than the amount that would be reported if the straight-line method of amortization were used?

3. 3.Determine the total cost of borrowing over the life of the bond.

4. 4.Will the total bond interest expense for the life of the bond be greater than, the

same as, or less than the total interest expense if the straight-line method of amortization were used?

Exercise 2: The stockholders’equity accounts of the H Company at January 1, 20x4, are as follows:

Common Stock, $ 5 par $ 1 000 000

Preferred Stock, $ 100 par, 10% 500 000

Paid-in Capital in Excess of Par Value of Common Stock 200 000

Paid-in Capital in Excess of Par Value of Preferred Stock 200 000

Retained Earnings 500 000

During 20x4, the company had the following transactions and events:.

July.1 Declared an 10% cash dividend on preferred stock.

Aug.1 Discovered a $ 12 000 overstatement of 20x3 depreciation. Ignore income taxes. Sept. 1 Paid the cash dividend declared on July 1 to preferred stockholders.

Dec. 1 Declared 10% stock dividend on common stock when the market value of the stock was $ 10 per share.

Dec. 31 Determined that net income for the year was $ 450 000.(Prepare the closing entry) Required:

a. a.Journalized the transactions and events.

b. b.Prepare a retained earnings statement for the year.

c. c.Prepare a stockholders’ equity section at December 31, 20x4.

会计专业英语答案.doc

会计专业英语答案 【篇一：15 春学期《会计专业英语》在线作业满分答 案】 a. an expense account b. a capital account c. a liability account d. an asset account ? 正确答案：d 2. the debt created by a business when it makes a purchase on account is referred to as an a. account payable b. account receivable c. asset d. expense payable ? 正确答案：a 3. when the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are a. convertible bonds b. unsecured bonds c. debenture bonds d. callable bonds ? 正确答案：d 4. which of the items below is not a business organization form? （） a. entrepreneurship b. proprietorship c. partnership d. corporation ? 正确答案：a 5. cash investments made by the owner to the business are reported on the statement of cash flows in the a. financing activities section

会计专业英语重点1

Unit 1 Financial information about a business is needed by many outsiders .These outsiders include owners, bankers, other creditors, potential investors, labor unions, government agencies ,and the public ,because all these groups have supplied money to the business or have some other interest in the business that will be served by information about its financial position and operating results. 许多企业外部的人士需要有关企业的财务信息，这些外部人员包括所有者、银行家、其他债权人、潜在投资者、工会、政府机构和公众，因为这些群体对企业投入了资金，或享有某些利益，所以必须得到企业财务状况和经营成果信息。 Unit 2 Each proprietorship, partnership, and corporation is a separate entity. 每一独资企业、合伙企业和股份公司都是一个单独的主体。 In accrual accounting, the impact of events on assets and equities is recognized on the accounting records in the time periods when services are rendered or utilized instead of when cash is received or disbursed. That is revenue is recognized as it is earned, and expenses are recognized as they are incurred –not when cash changes hands .if the cash basis accounting were used instead of the accrual basis, revenue and expense recognition would depend solely on the timing of various cash receipts and disbursements. 在权责发生制下，视服务的提供而非现金的收付在本期对资产和权益的影响作出会计记录。即，收入是在赚取时确认，费用是在发生时确认——而不是在现金转手时。如果现金收付制替代权责发生制，那么收入和费用仅仅依靠各种现金收付活动的时间确定来确认。 Unit 3 During each accounting year ,a sequence of accounting procedures called the accounting cycle is completed. 在每一会计年度内，要依次完成被称为会计循环的会计程序。 Transactions are analyzed on the basis of the business documents known as source documents and are recorded in either the general journal or the special journal, i. e . the sales journal ,the purchases journal (invoice register ) ,cash receipts journal and cash disbursements journal . 根据业务凭证即原始凭证分析各项交易，并记入普通日记账或特种日记账，也就是销货日记账，购货日记账（发票登记簿），现金收入日记账和现金支出日记账。 A trial balance is prepared from the account balance in the ledger to prove the equality of debits and credits. 根据分类账户的余额编制试算平衡表，借以验证借项和贷项是否相等。 A T-account has a left-hand side and a right-hand side, called respectively the debit side and credit side. 一个T 型账户有左方和右方，分别称做借方和贷方。 After transactions are entered ,account balance (the difference between the sum of its debits and the sum of its credits ) can be computed.

会计专业英语模拟试题及答案

《会计专业英语》模拟试题及答案 一、单选题（每题1分，共20分） 1. Which of the following statements about accounting concepts or assumptions are correct? 1）The money measurement assumption is that items in accounts are initially measured at their historical cost. 2）In order to achieve comparability it may sometimes be necessary to override the prudence concept. 3）To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed. 4）To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 3 Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit customers. What is the balance on the accounts receivables at 31 Dec 2010? $8 500 Dr $8 500 Cr $14 000 Dr $14 000 Cr Should dividends paid appear on the face of a company’s cash flow statement? Yes No Not sure Either Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping? Weighted Average cost First in first out (FIFO) Last in first out (LIFO) Unit cost 5. Which of following items may appear as non-current assets in a company’s the statement of financial position? (1) plant, equipment, and property (2) company car (3) €4000 cash (4) €1000 cheque A. (1), (3) B. (1), (2) C. (2), (3)

会计英语第三章作业

Matching Questions 140. Match the following terms the appropriate definition. 1. Depreciatio n expense The accounting system that recognizes revenues when earned and expenses when incurred. 2. Time period principle The accounting system where revenues are recognized when cash is received and expenses are recorded when cash is paid. 3. Profit margin Items paid for in advance of receiving their benefits. 4. Matching principle Net income divided by net sales. 5. Accrued revenues The expense created by allocating the cost of plant and equipment to the periods in which they are used. 6. Accrual basis accounting Allocates equal amounts of an asset's cost (less any salvage value) to depreciation expense during its useful life. 7. Cash basis accounting A principle that assumes that an organization's activities can be divided into specific time periods such as months, quarters, or years. 8. Prepaid expenses The principle that requires expenses to be reported in the same period as the revenues that were earned as a result of the expenses. 9. Straight-lin e depreciation Revenues earned in a period that are both unrecorded and not yet received in cash or other assets.

会计专业英语翻译

. 1. Accounting first is an economic calculation. Economic calculation includes both static phenomenon on the economy's stock of the situation, including the situation of the period of dynamic flow, including both pre-calculated plan, but also after the actual calculation. Accounting is a typical example of economic calculation, calculation of economic calculation in addition to accounting, which includes statistical computing and business computing. 2. Accounting is an economic information systems. It would be a company dispersed into the business activities of a group of objective data, providing the company's performance, problems, and enterprise funds, labor, ownership, income, costs, profits， debt, and other information. Clearly, the accounting is to provide financial information-based economy information systems, business is the licensing of a points, thus accounting has been called "corporate language." 3. Accounting is an economic management.The accounting is social production develops to a certain stage of the product development and production is to meet the needs of the management, especially with the development of the commodity economy and the emergence of competition in the market through demand management on the economy activities strict control and supervision. At the same time, the content and form of accounting constantly improve and change, from a purely accounting, scores, mainly for accounting operations, external submit accounting statements, as in prior operating forecasts, decision-making, on the matter of economic activities control and supervision, in hindsight, check. Clearly, accounting whether past, present or future, it is people's economic management activities.

《财会专业英语》期末试卷及答案

《财会专业英语》期终试卷 I.Put the following into corresponding groups. (15 points) 1.Cash on hand 2.Notes receivable 3.Advances to suppliers 4. Other receivables 5.Short-term loans 6.Intangible assets 7.Cost of production 8.Current year profit 9. Capital reserve 10.Long-term loans 11.Other payables 12. Con-operating expenses 13.Financial expenses 14.Cost of sale 15. Accrued payroll II.Please find the best answers to the following questions. (25 Points) 1. Aftin Co. performs services on account when Aftin collects the account receivable A.assets increase B.assets do not change C.owner’s equity d ecreases D.liabilities decrease 2. A balance sheet report . A. the assets, liabilities, and owner’s equity on a particular date B. the change in the owner’s capital during the period C. the cash receipt and cash payment during the period D. the difference between revenues and expenses during the period 3. The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below: 20 x 1 20 x 2 Assets $ 75,000 $ 90,000 Liabilities 36,000 45,000 how much the owner’sequity at the end of 20 x 2 ? A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,000

会计专业英语 作业第二版本(1)

Chapter 5课后习题 赵若寒 杨琬莹 邓凤兰 荆阳梅

第一部分选择题

1、In general terms,financial assets appear in the balance sheet at:a.Face value b.Current value c.Cost d.Estimated future sales value A

现值成本 估计未来销售价值 账面价值A B C D

2、which of following practices contributes to efficient cash management? C a.Never borrow money — maintain a cash balance sufficient to make all necessary payments b.Record all cash receipts and cash payments at the end of the month when reconciling the bank statements c.Prepare monthly forecasts of planned cash receipts,payments and anticipated cash balances up to a year in advance d.pay each bill as soon as the invoice arrives

提前准备好每月 预估计划的现金 收入、支付和预 期现金余额 发票一到， 就立即付款 协调银行对账单的 时候，在月末记录 所有的现金收入和 现金支付 永远不要借钱 ——保持足够的 现金余额来支付 所有必要的款项 A B C D

(完整版)会计专业英语重点词汇大全

?accounting 会计、会计学 ?account 账户 ?account for / as 核算 ?certified public accountant / CPA 注册会计师?chief financial officer 财务总监?budgeting 预算 ?auditing 审计 ?agency 机构 ?fair value 公允价值 ?historical cost 历史成本?replacement cost 重置成本?reimbursement 偿还、补偿?executive 行政部门、行政人员?measure 计量 ?tax returns 纳税申报表 ?tax exempt 免税 ?director 懂事长 ?board of director 董事会 ?ethics of accounting 会计职业道德?integrity 诚信 ?competence 能力 ?business transaction 经济交易?account payee 转账支票?accounting data 会计数据、信息?accounting equation 会计等式?account title 会计科目 ?assets 资产 ?liabilities 负债 ?owners’ equity 所有者权益 ?revenue 收入 ?income 收益

?gains 利得 ?abnormal loss 非常损失 ?bookkeeping 账簿、簿记 ?double-entry system 复式记账法 ?tax bearer 纳税人 ?custom duties 关税 ?consumption tax 消费税 ?service fees earned 服务性收入 ?value added tax / VAT 增值税?enterprise income tax 企业所得税?individual income tax 个人所得税?withdrawal / withdrew 提款、撤资?balance 余额 ?mortgage 抵押 ?incur 产生、招致 ?apportion 分配、分摊 ?accounting cycle会计循环、会计周期?entry分录、记录 ?trial balance试算平衡?worksheet 工作草表、工作底稿?post reference / post .ref过账依据、过账参考?debit 借、借方 ?credit 贷、贷方、信用 ?summary/ explanation 摘要?insurance 保险 ?premium policy 保险单 ?current assets 流动资产 ?long-term assets 长期资产 ?property 财产、物资 ?cash / currency 货币资金、现金

南开19秋学期(1709、1803、1809、1903、1909)《会计专业英语》在线作业答案2

【南开】19秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业答案2 试卷总分:100 得分:100 一、单选题 (共 20 道试题,共 40 分) 1.Characteristics of a corporation include （） [A.]shareholders who have limited liability [B.]shareholders who are mutual agents [C.]its inability to own property [D.]direct management by the shareholders (owners) [仔细阅读上述试题，并完成作答] 参考选择:A 2.Sinking Fund Cash would be classified on the balance sheet as （） [A.]an investment [B.]an intangible asset [C.]a fixed asset [D.]a current asset [仔细阅读上述试题，并完成作答] 参考选择:A 3.One of the main disadvantages of the corporate form is the( ) [A.]professional management [B.]double taxation of dividends [C.]corporation must issue stock [D.]charter [仔细阅读上述试题，并完成作答] 参考选择:B 4.If the maker of a promissory note fails to pay the note on the due date, the note is said to be( ) [A.]displaced [B.]dishonored [C.]dishonored [D.]disallowed [仔细阅读上述试题，并完成作答] 参考选择:B 5.The interest rate specified in the bond indenture is called the ( ) [A.]market rate [B.]effective rate [C.]discount rate [D.]contract rate [仔细阅读上述试题，并完成作答] 参考选择:D

会计英语作业

Exercises for Unit Two Multiple Choices A1. Which of the following users are not external users of accounting information? A. Managers B. Creditors C. Investors D. Analysts D2. Which of the following is not an accounting standard-setting organization? A. FASB B. IASB C. MOF D. GAAP C3. The diversity of interested parties leads to a logical division in the discipline of accounting: financial accounting and _______. A. cost accounting B. financial management C. managerial accounting D. tax accounting D4. CPAs provide services of the following except ________. A. audit B. consulting C. tax D. holding examination A5. Which of the following service involves providing an independent report on the appropriateness of financial statements? A. Audit B. Tax C. Consulting D. Budgeting D6. Accountants employed by large corporations may work in the areas of the following except _______. A. product costing and pricing B. budgeting C. internal auditing D. product producing B7. ______ information is trusted by users. ______ information is helpful in contrasting organizations. A. Relevant B. Reliable C. Comparable D. Separate A8. The ______ assumption assumes that a business will continue in the same lines of the business as those in which it is currently involved. A. Going-concern B. accounting period C. accounting entity D. monetary unit B9. The ______ assumption assures that accounting information is reported at regular intervals. A. Going-concern B. accounting period C. accounting entity D. monetary unit

财务管理专业英语期末复习

财务管理专业英语期末重点 一、单词 Topic1 财务管理financial management 资本预算capital budgeting 资本结构capital structure 股利政策dividend policy 存货inventory 风险规避risk aversion 股东权益stockholder s’ equity 流动负债current liability Topic2 财务风险financial risk 合伙制企业partnership 私人业主制企业sole proprietorship 收入revenue 主计长controller 财务困境financial distress 股票期权stock option 首次公开发行股票(IPO) initial public offering Topic 3 盈利能力profitability 偿付能力solvency 利润表income statement 有价证券marketable securities 提款withdrawal 应收账款accounts receivable 递延税款deferred tax Topic4 流动性比率liquidity ratio 权益乘数equity multiplier 资产收益率(ROA) return on assets 毛利gross profit margin 权益报酬率return on equity 市盈率P/E ratio 杠杆比率leverage ratio 息税前盈余(EBIT) earnings before interest and taxes Topic5 货币时间价值time value of money 年金annuity 折现率discount rate 机会成本opportunity cost

会计学专业会计英语试题

一、words and phrases 1.残值 scrip value 2.分期付款 installment 3.concern 企业 4.reversing entry 转回分录 5.找零 change 6.报销 turn over 7.past due 过期 8.inflation 通货膨胀 9.on account 赊账 10.miscellaneous expense 其他费用 11.charge 收费 12.汇票 draft 13.权益 equity 14.accrual basis 应计制15.retained earnings 留存收益 16.trad-in 易新，以旧换新 17.in transit 在途 18.collection 托收款项 19.资产 asset 20.proceeds 现值 21.报销 turn over 22.dishonor 拒付 23.utility expenses 水电费 24.outlay 花费 25.IOU 欠条 26.Going-concern concept 持续经营 27.运费 freight 二、Multiple-choice question 1.Which of the following does not describe accounting? ( C ) A. Language of business B. Useful ofr decision making C. Is an end rathe than a means to an end. https://www.wendangku.net/doc/3a8840502.html,ed by business, government, nonprofit organizations, and individuals. 2.An objective of financial reporting is to ( B ) A. Assess the adequacy of internal control. B.Provide information useful for investor decisions. C.Evaluate management results compared with standards. D.Provide information on compliance with established procedures. 3.Which of the following statements is(are) correct?( B ) A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets. B.A company may use different depreciation methods in its financial statements and its income tax return. C.The cost of a machine includes the cost of repairing damage to the machine during the installation process. D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the unit-of-product method. 4. Which of the following is(are) correct about a company’s balance sheet? ( B ) A.It displays sources and uses of cash for the period. B.It is an expansion of the basic accounting equation C.It is not sometimes referred to as a statement of financial position. D.It is unnecessary if both an income statement and statement of cash flows are availabe. 5.Objectives of financial reporting to external investors and creditors include preparing information about all of the following except. ( A ) https://www.wendangku.net/doc/3a8840502.html,rmation used to determine which products to poduce https://www.wendangku.net/doc/3a8840502.html,rmation about economic resources, claims to those resources, and changes in both resources and claims. https://www.wendangku.net/doc/3a8840502.html,rmation that is useful in assessing the amount, timing, and uncertainty of future cash flows. https://www.wendangku.net/doc/3a8840502.html,rmation that is useful in making ivestment and credit decisions. 6.Each of the following measures strengthens internal control over cash receipts except. ( C ) A.The use of a petty cash fund. B.Preparation of a daily listing of all checks received through the mail. C.The use of cash registers. D.The deposit of cash receipts in the bank on a daily basis. 7.The primary purpose for using an inventory flow assumption is to. ( A )

财务英语 第二次作业(含答案)

1.True or false statements (1) Increasing assets is the impact of credit entries. (2) Salaries, telephone, and rent are asset accounts. (3) The accounting equation is liabilities= assets + equity. (4) Items owned by a business that has money value are known as assets. (5) To purchase “on account” is to create a liability. (6) A withdrawal of cash reduces cash and capital. (7) When all the transactions have been posted and footed, the debits should equal the credits. The test to see if this is so is called a trial balance. (8) The twofold effect of every entry is recorded in double-entry system. (9) Increases in all asset accounts are credited. (10) Increases in all liability accounts are debited.

第1学期《会计专业英语》作业

作业说明 1.用16开纸（184×260mm）打印题目，上、下、左、右各设2CM边距； 答案必须手写。 2. 作业模板如下页所示：

2012-2013学年第1学期《专业英语》作业 专业：班级：任课教师：丘永政 姓名：学号：成绩： I. Analyzing transactions and preparing financial statements Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during Require d： 1.Prepare an income statement for May, a May 31 balance sheet. a statement of cash flows for May. 2.These statements are given as follows

THE GRAHAM CO. Income Statement THE GRAHAM CO. Balance Sheet

THE GRAHAM CO. Statement of Cash Flows II. Translate the following sentences into Chinese 1.Most U.S. companies are not directly affected by international accounting standards. International standards are put forth as preferred accounting practices. However, stock exchanges and other parties are increasing the pressure to narrow differences in worldwide accounting practices. International accounting standards are playing an important role in that process.