ACCA财务会计习题精品文档16页
ACCA F3财务会计模拟试题
ACCA F3财务会计模拟试题为帮助大家更好复习ACCA F3财务会计，为同学们分享F3财务模拟考试题及答案如下：Question：Which, if any, of the following statements about aounting concepts and the characteristics offinancial information are correct?1.The concept of substance over form means that the legal form of a transaction must be reflected in financial statements, regardless of the economic substance.rmation is not material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements.3.It may sometimes be necessary to exclude information that is relevant and reliable from financial statements because it is too difficult for some users to understand.A.1 and 2 onlyB.2 and 3 onlyC.1 and 3 onlyD.None of these statements is correctAnswer：DQuestion：Which of the following statements relating to parent panies and subsidiaries are correct?A. A parent pany could consolidate a pany in which it holds less than 50% of the ordinary share capital incertain circumstances.B. Goodwill on consolidation will appear as an item in the parent pany's inpidual statement of financial position.C. Consolidated financial statements ignore the legal form of the relationship between parents and subsidiaries and present the results and position of the group as if it was a single entity.The correct answers are:A parent pany could consolidate a pany in which itholds less than 50% of the ordinary share capital incertain circumstances.Consolidated financial statements ignore the legal form of the relationship between parents and subsidiaries and present the results and position of the group as if it wasa single entity.A parent may hold less than 50% of the share capitalbut more than 50% of the voting rights. Goodwill only appears in the consolidated statement of financial position. It is not amortised. Consolidated financial statements present the substance of the relationship between parentand subsidiaries, rather than the legal form.Question：In preparing a pany's statement of cash flows plying with IAS 7, which, if any, of the following items could form part of the calculation of cash flow from financing activities?Proceeds of sale of premisesDividends receivedBonus issue of sharesA. 1 onlyB. 2 onlyC. 3 onlyD. None of themThe corrrect answer is: None of them.1 - Proceeds from sale of premises appears under investing activities2 - Dividends received appears under operating or investing activities3 - A bonus issue of shares is not a cash flow.。
财务会计题库-The-Financial-Statements
Financial Accounting, 7eHarrison/HorngrenTest Item FileChapter 1: The Financial Statements1.1-1 Bookkeeping is a type of accounting used primarily by proprietorships.Answer: False LO: 1-1 Diff: 2 EOC: QC 11.1-2 The three forms of business organizations are proprietorships, partnerships, and for-profit organizations.Answer: False LO: 1-1 Diff: 1 EOC: E1-131.1-3 To convince an investor to invest money in a particular company, relevant and reliable accounting information is required.Answer: True LO: 1-1 Diff: 1 EOC: E1-141.1-4 Limited Liability Companies (LLCs) have members instead of stockholders.Answer: True LO: 1-1 Diff: 1 EOC: E1-131.1-5 All business owners are personally liable for the debts of their businesses.Answer: False LO: 1-1 Diff: 1 EOC: E1-131.1-6 A proprietorship is a distinct and separate entity from the proprietor, from both an accounting and a legal viewpoint.Answer: False LO: 1-1 Diff: 2 EOC: E1-131.1-7 The two types of accounting are:A. profit and nonprofit.B. financial and managerial.C. internal and external.D. bookkeeping and decision-oriented.Answer: B LO: 1-1 Diff: 2 EOC: E1-13 1.1-8According to the author, potential investors need information that is:A. relevant and reliable.B. fair and future-oriented.C. accurate and truthful.D. audited and complete.Answer: A LO: 1-1 Diff: 2 EOC: E1-141.1-9 Who ultimately controls a corporation?A. Board of DirectorsB. The Chief Executive Officer (CEO)C. The stockholdersD. The PresidentAnswer: C LO: 1-1 Diff: 2 EOC: E1-131.1-10 Financial statements are:A. standard documents issued by outside consultants who are hired toanalyze key operations of the business in financial terms.B. standard documents that tell us how well a business is performingand where it stands in financial terms.C. reports created by management that states it is responsible forthe acts of the corporation.D. reports issued by outside consultants who are hired to analyzekey operations of the business.Answer: B LO: 1-1 Diff: 1 EOC: E1-261.1-11 For which form of business ownership are the owners of a business legally distinct from the business?A. CorporationB. PartnershipC. ProprietorshipD. All of the aboveAnswer: A LO: 1-1 Diff: 1 EOC: E1-13 1.1-12All of the following are forms of business organizations EXCEPT:A. proprietorship.B. limited partnership.C. limited proprietorship.D. limited liability company.Answer: C LO: 1-1 Diff: 1 EOC: E1-131.1-13 The largest organization of professional accountants in the United States is the:A. Financial Accounting Standards Board.B. Securities and Exchange Commission.C. American Institute of Certified Public Accountants.D. Auditing Standards Board.Answer: C LO: 1-1 Diff: 2 EOC: P1-53B1.2-1 Generally accepted accounting principles, or GAAP, are the rules and procedures established by the Financial Accounting Standards Board, or the FASB.Answer: True LO: 1-2 Diff: 1 EOC: QC 1 1.2-2The entity concept is the most basic accounting concept.Answer: True LO: 1-2 Diff: 1 EOC: S1-3 1.2-3The stable monetary unit concept means that the type of currency usedfor the financial statements is NOT expected to change.Answer: False LO: 1-2 Diff: 2 EOC: E1-14 1.2-4Since cost is a reliable measure to use in financial accounting, theobjectivity principle states that assets and services should be recorded at their actual cost.Answer: False LO: 1-2 Diff: 2 EOC: E1-14 1.2-5The Financial Accounting Standards Board is responsible for establishing:A. the code of professional conduct for accountants.B. the Securities and Exchange Commission.C. generally accepted accounting principles.D. the American Institute of Certified Public Accountants.Answer: C LO: 1-2 Diff: 2 EOC: QC 11.2-6 The acronym GAAP stands for:A. generally acceptable authorized pronouncements.B. government authorized accountant principles.C. generally accepted accounting principles.D. government audited accounting pronouncements.Answer: C LO: 1-2 Diff: 2 EOC: E1-271.2-7 All of the following are characteristics of useful accounting information EXCEPT:A. informative.B. relevant.C. consistent.D. reliable.Answer: A LO: 1-2 Diff: 2 EOC: E1-141.2-8 The objectivity principle of accounting:A. holds that the entity will remain in operation for theforeseeable future.B. enables accountants to ignore the effect of inflation in the accounting records.C. maintains that each organization or section of an organizationstands apart from other organizations and individuals.D. ensures that accounting records and statements are based on themost reliable data available.Answer: D LO: 1-2 Diff: 2 EOC: E1-14 1.2-9The stable-monetary-unit concept of accounting:A. ensures that accounting records and statements are based on themost reliable data available.B. holds that the entity will remain in operation for the foreseeable future.c.maintains that each organization or section of an organizationstands apart from other organizations and individuals.d.enables accountants to ignore the effect of inflation in theaccounting records.Answer: D LO: 1-2 Diff: 2 EOC: E1-141.2-10 The going-concern concept of accounting:A. enables accountants to ignore the effect of inflation in theaccounting records.B. holds that the entity will remain in operation for the foreseeable future.c.maintains that each organization or section of an organizationstands apart from other organizations and individuals.d.ensures that accounting records and statements are based on themost reliable data available.Answer: B LO: 1-2 Diff: 2 EOC: P1-43A1.2-11 The principle which states that assets acquired by the business should be recorded at their actual price is the:A. cost principle.B. objectivity principle.C. reliability principle.D. stable dollar principle.Answer: A LO: 1-2 Diff: 1 EOC: Q1-301.2-12 The reliability principle is also called the:A. relevance concept.B. truthfulness concept.C. objectivity principle.D. full and fair principle.Answer: C LO: 1-2 Diff: 2 EOC: E1-14 1.2-13Which of the following statements is FALSE?A. Reliable data may be supported by objective evidence.B. The informed opinion of owners is an important source ofobjective evidence.C. An independent appraisal, conducted by a licensed professional,is usually considered reliable.D. Reliable data are verifiable.Answer: B LO: 1-2 Diff: 2 EOC: E1-141.2-14 The relevant measure of the value of the assets of a company that is going out of business is the:A. book value.B. current market value.C. historical cost.D. recorded value.Answer: B LO: 1-2 Diff: 2 EOC: P1-43A1.2-15 The CEO of a business owns a residence in Flagstaff. The company the CEO works for owns a residence in Chandler used for strategic planning meetings by its executives. Which of these properties is considered an asset(s) of the business?A. The Flagstaff residence onlyB. The Chandler residence onlyC. Both the Flagstaff and Chandler residencesD. Neither the Flagstaff nor Chandler residencesAnswer: B LO: 1-2 Diff: 2 EOC: S1-31.2-16 An Oklahoma City business paid $15,000 cash for equipment used in the business. At the time of p urchase, the equipment had a list price of $20,000. When the balance sheet was prepared, the value of the equipment later rose to $22,000. What is the relevant measure of the value of the equipment?A. Historical cost, $15,000B. Fair market cost, $20,000C. Current market cost, $22,000D. $15,000 on the day of purchase, $22,000 on balance sheet dateAnswer: A LO: 1-2 Diff: 2 EOC: Q1-301.3-1 The accounting equation expresses the idea that Resources - Insider claims = Outsider claims.Answer: True LO: 1-3 Diff: 3 EOC: S1-5 1.3-2 The accounting equation must always be in balance.Answer: True LO: 1-3 Diff: 1 EOC: S1-1 1.3-3 Liabilities are divided into "outsider claims" and "insider claims."Answer: False LO: 1-3 Diff: 2 EOC: S1-51.3-4 "Net assets", as stockholders’ equity is often referred to, represents the residual amount of business assets which can be claimed by the owners.Answer: True LO: 1-3 Diff: 2 EOC: QC 121.3-5 Common stock and retained earnings are the main components of paid-in capital.Answer: False LO: 1-3 Diff: 2 EOC: S1-101.3-6 Retained earnings do not represent cash that is available to a company for future operations and expansion.Answer: True LO: 1-3 Diff: 3 EOC: E1-271.3-7 Net income appears on both the income statement and the statement of retained earnings.Answer: True LO: 1-3 Diff: 2 EOC: Q1-391.3-8 The statement of cash flows is organized in terms of the organization’s operating, investing, and financing activities.Answer: True LO: 1-3 Diff: 2 EOC: E1-251.3-9 Expenses are increases in retained earnings that result from operations.Answer: False LO: 1-3 Diff: 2 EOC: S1-71.3-10 Dividend payments are NOT classified as expenses.Answer: True LO: 1-3 Diff: 2 EOC: S1-91.3-11 The calculation of ending retained earnings considers current net income or net loss and dividends.Answer: True LO: 1-3 Diff: 2 EOC: S1-9 1.3-12 The owners’ equity of proprietorships and partnerships is the same.Answer: False LO: 1-3 Diff: 2 EOC: S1-91.3-13 The accounting equation can be stated as:A. Assets + Stockholders’ Equity = LiabilitiesB. Assets - Liabilities = Stockholders’ EquityC. Assets = Liabilities - Stockholders’ EquityD. Assets - Stockholders’ Equity + Liabilities = ZeroAnswer: B LO: 1-3 Diff: 1 EOC: QC 31.3-14 Which of the following best describes a liability? Liabilities are:A. a form of paid-in capital.B. future economic benefits to which a company is entitled.C. payables of the corporation.D. economic obligations to owners to be paid at some future date bythe corporation.Answer: C LO: 1-3 Diff: 1 EOC: S1-51.3-15 The owners’ interest in the assets of a corporation is known as:A. common stock.B. stockholders’ equity.C. long-term assets.D. operating expenses.Answer: B LO: 1-3 Diff: 2 EOC: S1-51.3-16 Claims held by the stockholders of a corporation are also known as:A. retained earnings.B. paid-in capital.C. paid-in capital plus retained earnings.D. net income.Answer: C LO: 1-3 Diff: 3 EOC: S1-5 1.3-17 Payables are classified as:A. increases in earnings.B. decreases in earnings.C. liabilities.D. assets.Answer: C LO: 1-3 Diff: 1 EOC: S1-61.3-18 Receivables are classified as:A. increases in earnings.B. decreases in earnings.C. liabilities.D. assets.Answer: D LO: 1-3 Diff: 1 EOC: S1-61.3-19 The sum of "outsider claims" plus "insider claims" equals:A. net income.B. total liabilities.C. total assets.D. total stockholders’ equity.Answer: C LO: 1-3 Diff: 3 EOC: S1-51.3-20 Revenues are:A. decreases in assets resulting from delivering goods or servicesto customers.B. increases in liabilities resulting from delivering goods orservices to customers.C. increases in retained earnings resulting from delivering goods orservices to customers.D. decreases in retained earnings resulting from delivering goods orservices to customers.Answer: C LO: 1-3 Diff: 2 EOC: S1-41.3-21 How do revenues for a period relate to the beginning and ending balances in retained earnings?A. Revenues will increase the beginning balance of retained earningsfor the period.B. Revenues will increase the ending balance of retained earningsfor the period.C. Revenues less expenses will either increase or decrease thebeginning balance of retained earnings for the period.D. None of these answers are correct.Answer: C LO: 1-3 Diff: 2 EOC: S1-91.3-22 Expenses are:A. increases in liabilities resulting from purchasing assets.B. increases in assets resulting from operations.C. increases in retained earnings resulting from operations.D. decreases in retained earnings resulting from operations.Answer: D LO: 1-3 Diff: 2 EOC: S1-41.3-23 Dividends:A. are expenses.B. always affect net income.C. are distributions to stockholders of assets (usually cash)generated by net income.D. are distributions to stockholders of assets (usually cash)generated by a favorable balance in retained earnings.Answer: C LO: 1-3 Diff: 2 EOC: E1-161.3-24 A corporation’s paid-in capital consists ofA. revenues and expenses.B. assets and liabilities.C. common stock.D. net income.Answer: C LO: 1-3 Diff: 2 EOC: S1-10 1.3-25 Net income is computed as:A. revenues – expenses – dividends.B. revenues + expenses.C. revenues – expenses.D. revenues – expenses + dividends.Answer: C LO: 1-3 Diff: 2 EOC: QC 81.3-26 Which of the following must be added to beginning Retained Earnings to compute ending Retained Earnings?A. Net incomeB. ExpensesC. DividendsD. All of these answers are correct.Answer: A LO: 1-3 Diff: 2 EOC: P1-44A1.3-27 At the end of the current accounting period, account balances were as follows: Cash, $180,000; Accounts Receivable, $75,000; Common Stock, $20,000; Retained Earnings, $65,000. Liabilities for the period were:A. $ 70,000.B. $170,000.C. $190,000.D. $210,000.Answer: B LO: 1-3 Diff: 2 EOC: S1-1 1.3-28 On January 1, 2009, total assets for Liftoff Technologies were $125,000; on December 31, 2009, total assets were $145,000. On January 1, 2009, total liabilities were $110,000; on December 31, 2009, total liabilities were $115,000. What is the amount of the change and the direction of the change in Liftoff Technologi es' stockholders’ equity for 2009?A. Decrease of $15,000B. Increase of $15,000C. Increase of $30,000D. Decrease of $30,000Answer: B LO: 1-3 Diff: 2 EOC: QC 121.3-29 Revenues were $170,000, expenses were $90,000, and cash dividends were $30,000. What was the net income and the change in retained earnings for the period? income was $50,000; change in retained earnings was $50,000B. Net income was $80,000; change in retained earnings was $50,000C. Net income was $80,000; change in retained earnings was $80,000D. Net income was $250,000; change in retained earnings was $250,000Answer: B LO: 1-3 Diff: 2 EOC: E1-231.3-30 At the beginning of the period, assets were $490,000 and stockholders’ equity was $240,000. During the year, assets increased by $60,000, liabilities increased by $40,000, and stockholders’ equity increased by $20,000. Beginning liabilities must have been:A. $230,000.B. $250,000.C. $280,000.D. $300,000.Answer: B LO: 1-3 Diff: 3 EOC: S1-11.3-31 If assets increase $210,000 during a given period and liabilities increase $65,000 during the same period, stockholders’ equity must:A. increase $145,000.B. decrease $275,000.C. decrease $145,000.D. increase $275,000.Answer: A LO: 1-3 Diff: 3 EOC: P1-44A1.3-32 If liabilities increase $120,000 during a given period and stockholders’ equity decreases $25,000 during the same period, assets must:A. increase $95,000.B.decrease $95,000.C. decrease $145,000.D. increase $145,000.Answer: A LO: 1-3 Diff: 3 EOC: P1-44A1.3-33 Stockholders’ equity for Commerce-GA Corporation on 01/01/2008 and 12/31/2008 were $60,000 and $75,000, respectively. Assets on 01/01/2008 and 12/31/2008 were $115,000 and $105,000, respectively.Liabilities on 01/01/2008 were $55,000. What is the amount of liabilities on 12/31/2008?A. $40,000B. $15,000C. $30,000D. The amount is indeterminable from the given information.Answer: C LO: 1-3 Diff: 3 EOC: S1-11.4-1 Ramos, Inc. has monthly revenues of $30,000 and monthly expenses of $18,000, and the company paid $4,000 in dividends; therefore net income for the month is $8,000.Answer: False LO: 1-4 Diff: 2 EOC: S1-81.4-2 Able Co. has $500,000 in assets and $400,000 in liabilities; therefore the equity is $900,000.Answer: False LO: 1-4 Diff: 1 EOC: S1-1 1.4-3 Yummy Inc. has beginning retained earnings of $10,000, net income of $50,000, and dividends paid of $5,000; therefore the ending retained Earnings is $65,000.Answer: False LO: 1-4 Diff: 2 EOC: S1-81.4-4 Dividends appear on the:A. statement of retained earnings.B. both the statement of retained earnings and the income statement.C. income statement.D. balance sheet.Answer: A LO: 1-4 Diff: 2 EOC: S1-121.4-5 Assets appear on the:A. balance sheet.B. income statement.C. statement of retained earnings.D. both balance sheet and the statement of retained earnings.Answer: A LO: 1-4 Diff: 1 EOC: S1-121.4-6 Common stock appears on the:A. balance sheet.B. income statement.C. statement of cash flows and the statement of retained earnings.D. None of the above are correct.Answer: A LO: 1-4 Diff: 1 EOC: S1-121.4-7 A company’s gross profit for the period is reported on the:A. balance sheet.B.income statement.C. statement of cash flows.D. statement of retained earnings.Answer: B LO: 1-4 Diff: 1 EOC: S1-81.4-8 Gains and losses appear on which of the financial statements listed below?A. Balance sheetB.Income statementC. Statement of cash flowsD. Statement of retained earningsAnswer: B LO: 1-4 Diff: 1 EOC: S1-81.4-9 The ending balance in Retained Earnings appears on the:A. balance sheet only.B. balance sheet and statement of retained earnings.C. statement of retained earnings only.D. income statement and statement of cash flows.Answer: B LO: 1-4 Diff: 2 EOC: P1-49A1.4-10 Cash dividends:A. decrease revenue on the income statement.B. decrease retained earnings on the statement of retained earnings.C. increase expenses on the income statement.D. decrease operating activities on the statement of cash flows.Answer: B LO: 1-4 Diff: 2 EOC: S1-91.4-11 Which of the following financial statements shows the net increase or decrease in cash during the period?A. Balance sheet onlyB. Statement of operationsC. Statement of retained earnings and balance sheetD. Statement of cash flowsAnswer: D LO: 1-4 Diff: 1 EOC: S1-121.4-12 An investor wishing to assess a company’s financial position at the end of the period would probably examine the:A. statement of cash flows and the income statement.B. income statement only.C. balance sheet.D. statement of retained earnings.Answer: C LO: 1-4 Diff: 2 EOC: E1-261.4-13 A potential investor interested in evaluating a company’s financial performance for the current period would probably examine which of the following financial statements?A. Balance sheet onlyB. Income statement onlyC. Statement of cash flows and income statementD. Statement of retained earnings and balance sheetAnswer: B LO: 1-4 Diff: 2 EOC: E1-261.4-14 Which statement(s) summarizes the revenues and expenses of an entity?A. Balance sheet onlyB. Statement of cash flows and income statementC. Statement of retained earnings and statement of operationsD. Statement of operations onlyAnswer: D LO: 1-4 Diff: 2 EOC: S1-81.4-15 Which financial statement provides a "snapshot photo" of one moment in time?A. Balance sheet onlyB. Income statement onlyC. Statement of retained earnings and income statementD. Statement of cash flows onlyAnswer: A LO: 1-4 Diff: 2 EOC: E1-26 1.4-16The income statement:A. is not dated.B. may cover a period of time or only one day in time, like asnapshot photograph.C. covers a defined period of time.D. reports the results of operations since the inception of thebusiness.Answer: C LO: 1-4 Diff: 2 EOC: QC 51.4-17 The income statement presents a summary of the:A. cash inflows and outflows of an entity.B. assets and liabilities of an entity.C. revenues and expenses of an entity for a specific time period.D. c hanges that occurred in the stockholders’ equity of an entity.Answer: C LO: 1-4 Diff: 1 EOC: E1-191.4-18 Operating expenses appear on the income statement:A. directly after revenue.B. directly after gross profit.C. directly after cost of goods sold.D. Operating expenses do not appear on the income statement.Answer: B LO: 1-4 Diff: 2 EOC: S1-71.4-19 Cost of goods sold appears on the:A. statement of retained earnings as an addition to beginning retained earnings.B. income statement as a deduction from sales.C. balance sheet as a deduction from sales.D. income statement as a deduction from gross profit.Answer: B LO: 1-4 Diff: 2 EOC: P1-49A1.4-20A retail store sells t-shirts for $85 and purchases them for $60. The store’s co st of goods sold would be:A. $25.B. $85.C. $60.D. None of these answers are correct.Answer: C LO: 1-4 Diff: 1 EOC: P1-49A1.4-21 Net income is:A. added to assets on the balance sheet.B. deducted from beginning retained earnings on the retainedearnings statement.C. added to beginning retained earnings on the retained earningsstatement.D. deducted from ending retained earnings on the retained earningsstatement.Answer: C LO: 1-4 Diff: 2 EOC: S1-91.4-22 A net loss occurs when:A. not enough cash exists.B. total revenues exceed total expenses.C. total expenses exceed total revenues.D. total revenues and dividends exceed total expenses.Answer: C LO: 1-4 Diff: 2 EOC: P1-49A1.4-23 The balance sheet is also known as the:A. statement of profit and loss.B. operating statement.C. assets statement.D. statement of financial position.Answer: D LO: 1-4 Diff: 2 EOC: S1-10 1.4-24The balance sheet reports information about:A. revenues, expenses, and equity.B. liabilities, equity, and expenses.C. assets, revenues, and liabilities.D. assets, liabilities, and equity.Answer: D LO: 1-4 Diff: 1 EOC: S1-101.4-25 Assets are generally classified as:A. producing assets and consumable assets.B. current assets and producing assets.C. current assets and long-term assets.D. long-term assets and consumable assets.Answer: C LO: 1-4 Diff: 1 EOC: E1-201.4-26 Current assets are assets expected to be converted to cash, sold, or consumed:A. within the next 12 months or within the business’s normal operating cycle if longer than a year.B. within the next 12 months or within the business’s normaloperating cycle if less than a year.C. within the next 6 months.D. within the next 24 months.Answer: A LO: 1-4 Diff: 2 EOC: E1-191.4-27 Notes receivable due in 60 days would be classified as a:A. current liability on the balance sheet.B. current asset on the balance sheet.C. long-term asset on the balance sheet.D. long-term liability on the balance sheet.Answer: B LO: 1-4 Diff: 1 EOC: E1-19 1.4-28Equipment would appear on the:A. balance sheet with the long-term assets.B. income statement with the revenues.C. income statement with the operating expenses.D. balance sheet with the current assets.Answer: A LO: 1-4 Diff: 1 EOC: E1-201.4-29 Depreciation is normally associated with which asset on the balance sheet?A. InventoryB. Accounts receivableC. LandD. EquipmentAnswer: D LO: 1-4 Diff: 2 EOC: P1-55B1.4-30 Accounts receivable would appear on the:A. balance sheet with the current liabilities.B. balance sheet with the current assets.C. income statement with the revenues.D. retained earnings statement with the net income.Answer: B LO: 1-4 Diff: 1 EOC: E1-201.4-31 Notes payable (due in 60 days) would appear as a:A. current liability on the balance sheet.B. current asset on the balance sheet.C. long-term asset on the balance sheet.D. long-term liability on the balance sheet.Answer: A LO: 1-4 Diff: 1 EOC: P1-56B1.4-32Income taxes owed to the federal government would be classified as a(n):A. expense on the income statement.B. financing activity on the statement of cash flows.C. current asset on the balance sheet.D. current liability on the balance sheet.Answer: D LO: 1-4 Diff: 2 EOC: P1-56B1.4-33 In relation to the cash flow statement, purchases and sales of long-term assets are examples of:A. investing activities.B. accrual activities.C. financing activities.D. operating activities.Answer: A LO: 1-4 Diff: 2 EOC: S1-111.4-34 Stockholders’ equity decreases as a result of:A. owner investments.B. a net loss during the period.C. a net income during the period.D. Both A and C are correct.Answer: B LO: 1-4 Diff: 2 EOC: QC 71.4-35 When treasury stock is purchased by a company, this transaction:A. increases the amount of owners’ equity.B. decreases the amount of owners’ equity.C. decreases the amount of total liabilities.D. increases the amount of total liabilities.Answer: B LO: 1-4 Diff: 3 EOC: P1-49A1.4-36The statement of cash flows is divided into which three categories?A. Operating, investing, and financing activitiesB. Planning, executing, and evaluating activitiesC. Increasing, decreasing, and non-cash activitiesD. Developing, producing, and marketing activitiesAnswer: A LO: 1-4 Diff: 1 EOC: P1-49A1.4-37 What is the proper order for the categories of the statement of cash flows?A. Financing activities, investing activities, and operatingactivitiesB. Operating activities, investing activities, and financingactivitiesC. Operating activities, financing activities, and investingactivitiesD. Investing activities, financing activities, and operatingactivitiesAnswer: B LO: 1-4 Diff: 2 EOC: P1-49A1.4-38 Where would cash received from the sale of stock appear on the statement of cash flows?A. In the operating activity sectionB. In the non-cash financing activity sectionC. In the investing activity sectionD. In the financing activity sectionAnswer: D LO: 1-4 Diff: 2 EOC: E1-231.4-39 How would the repayment of a long-term note payable be classified in the statement of cash flows?A. As an investing activityB. As a financing activityC. As an operating activityD. As a current asset on the balance sheetAnswer: B LO: 1-4 Diff: 3 EOC: P1-49A1.4-40How would the issuance of stock for cash be classified on the statement cash flows?A. As an investing activityB. As a financing activityC. As an operating activityD. As a current asset on the balance sheetAnswer: B LO: 1-4 Diff: 3 EOC: P1-48A1.4-41 How would cash collected from customers appear on the statement of cash flows?A. As an operating activityB. As a financing activityC. As an investing activityD. Under the indirect methodAnswer: A LO: 1-4 Diff: 2 EOC: P1-48A1.4-42 Where would the payment of salaries appear on the statement of cash flows?A. With the operating activitiesB. With the current liabilitiesC. Not on statement of cash flows, but on the statement of earningswith the revenuesD. Not on statement of cash flows, but on the statement ofoperations as part of cost of goods soldAnswer: A LO: 1-4 Diff: 3 EOC: E1-191.5-1 The statement of cash flows reports on where assets came from and how these assets were used.Answer: False LO: 1-5 Diff: 2 EOC: S1-111.5-2 The statement of cash flows contains three “parts”—operating activities, investing activities, and stock activities.。
财务会计习题集含参考答案
财务会计习题集含参考答案目录目录第一章总论 (1)第二章货币资金 (4)第三章应收项目 (7)第四章存货 (12)第五章投资 (21)第六章固定资产 (31)第七章无形资产和其他资产 (38)第八章流动负债 (42)第九章长期负债 (50)第十章所有者权益 (55)第十一章收入、费用和利润 (61)第十二章财务会计报告 (71)第一章参考答案 (81)第二章参考答案 (81)第三章参考答案 (81)第四章参考答案 (83)第五章参考答案 (87)第六章参考答案 (92)第七章参考答案 (96)第八章参考答案 (97)第九章参考答案 (101)第十章参考答案 (103)第十一章参考答案 (107)第十二章参考答案 (112)第一章总论一、单项选择题1．如果采用收付实现制会计，则不需要设置( )。
A．“其他应收款”账户 B．“本年利润”账户C．“待摊费用”账户 D．“管理费用”账户2．在利润表中，对主营业务要求详细列示其收入、成本、费用，对其他业务只要求简略列示其利润，这一作法体现了( )。
A．真实性原则 B．明晰性原则C．重要性原则 D．配比原则3．在企业会计核算的基本前提中，( )前提是企业选择会计处理方法与程序的基础，也是企业会计处理方法与程序保持稳定的条件。
A．会计主体 B．持续经营C．会计分期 D．货币计量4．同一会计主体在不同会计期间尽可能采用相同的会计处理方法和程序，这一原则在会计上称之为( )。
A．可比性原则 B．一贯性原则C．相关性原则 D．配比性原则5．下列各项支出中，属于企业收益性支出的是( )。
A．购入不需要安装设备支付的运杂费B．购买土地使用权支付的耕地占用税C．以购买债券形式进行长期投资时支付的经纪人佣金(金额较小) D．申请专利时支付的注册费6．会计核算的一般原则中，要求同一主体前后期间提供相互可比的会计信息的原则是( )。
A．可比性原则 B．一贯性原则C．配比原则 D．权责发生制原则7．对各项资产应按经济业务的实际交易价格计量，而不考虑随后市场价格变动的影响，其所遵循的会计核算原则是( )。
2023年ACCA考试真题精选
2023年ACCA考试真题精选第一题：财务会计假设您是一家制造业公司的财务经理。
您被要求准备财务报表，并解释公司2019年与2020年间发生的财务变化。
请根据以下数据和信息回答问题。
2019年数据：- 销售收入：500万美元- 销售成本：400万美元- 管理费用：50万美元- 借款利息：10万美元2020年数据：- 销售收入：600万美元- 销售成本：450万美元- 管理费用：55万美元- 借款利息：12万美元问题1：请计算2019年的净利润和净利润率，并与2020年进行比较。
解释净利润和净利润率的变化。
根据上述数据，2019年的净利润可通过以下公式计算：净利润=销售收入-销售成本-管理费用-借款利息净利润=500万美元-400万美元-50万美元-10万美元净利润=40万美元净利润率可通过以下公式计算：净利润率=(净利润/销售收入)×100%净利润率=(40万美元/500万美元)×100%净利润率=8%同样的方式，我们可以计算2020年的净利润和净利润率：净利润=600万美元-450万美元-55万美元-12万美元净利润=83万美元净利润率=(83万美元/600万美元)×100%净利润率=13.83%通过比较2019年和2020年的净利润和净利润率，我们可以得出以下结论：- 净利润从40万美元增加到83万美元。
这表明公司的盈利能力有所提高。
- 净利润率从8%增加到13.83%。
这说明公司在销售收入中的盈利比例增加了。
问题2：请根据净利润和净利润率的变化，分析公司在2019年与2020年间可能采取的经营策略。
根据净利润和净利润率的变化，我们可以推断公司可能采取了以下经营策略：1. 成本控制：销售成本从400万美元减少到450万美元，管理费用从50万美元增加到55万美元。
这表明公司在成本控制方面取得了一定的成效。
2. 销售增长：销售收入从500万美元增加到600万美元。
公司可能采取了一些措施，如市场拓展或产品创新，以增加销售额。
ACCA财务会计习题-8页精选文档
一、复习思考题1．按2019年新颁会计准则,会计核算有哪些前提？其作用是什么？2．财务会计对会计信息质量保证的要求有哪些？3．财务会计工作规范体系包括哪些内容？具体如何实施？二、填空题1．财务会计的基本前提主要包括。
2．我国企业会计准则规定，企业的会计核算应当以为记帐基础。
3．会计提供信息要以为主要计量尺度。
4．我国企业会计准则规定，在我国境内的企业应以为记帐本位币5．会计要素的核算主要解决_____ 等三方面的问题。
6．反映财务状况的会计等式为；反映经营成果的会计等式为。
7．我国企业会计准则规定，企业应以作为会计年度。
8．会计期间通常一年,称为。
9．会计等式揭示了之间的关系，它是、和的理论依据。
10．企业会计制度根据企业生产经营活动的特点以及会计报表要素，将会计科目分为、、、与五大类。
11.实际工作中，常用的帐务处理程序有、、、与__________五种。
我国会计人员惯用的是和两种。
12.一项信息是否有相关性取决的因素包括、。
13.收益性支出在会计处理上计入要素项目，而资本性支出计入要素项目。
三、单选题1．会计主体与法律主体一般是（）①两个不相关的概念②两个不能相互代替的概念③一致的④有区别的2．会计核算进行分期的主要目的是（）①贯彻权责发生制②分阶段确定经营成果③贯彻一致性原则④贯彻谨慎性原则3．会计机构、会计人员对本单位实行会计监督所应负的责任是（）①行政责任②本职工作责任③对厂长负责④法律责任4．我国企业会计准则、具体会计准则是由（）负责制定①企业主管部门②财政部门③国务院④企业自身5．某企业的存货计价前年采用先进先出法，去年改用移动加权平均法，今年又改用加权平均法。
该企业的做法主要违背了（）原则①客观性②谨慎性③可比性④配比原则复习思考题1．企业使用现金的范围是如何规定的，企业应如何加强对现金的控制管理？2．目前我国银行的结算方式有哪几种，哪些适合同城交易结算，哪些适合异地交易结算？3．什么是其他货币资金，会计报表中如何列示？？〖根据下列业务编制会计分录〗1．开出现金支票一张提取现金2389元。
ACCA《财务会计》真题及答案
ACCA《财务会计》真题及答案在xx年ACCA考试之际，为大家分享的是ACCA《财务会计》的真题及答案，希翼能匡助到大家!Cronin Auto Retail (CAR) is a car dealer that sellsused cars bought at auctions by its experienced team of buyers. Every car for sale is less than two years old and has a full service history. The pany concentrates on small family cars and, at any one time, there are about 120 on display at its purpose-built premises. The premises were acquired five years ago on a 25 year lease and they include a workshop, a small cafe and a children’s playroom. All vehicles are selected by one of five experienced buyers who attend auctions throughout the country. Each attendance costs CAR about $500 per day in staff and travelling costs and usually leads to the purchase of five cars. On average, each car costs CAR $10,000 and is sold to the customer for $12,000. The pany has a good sales and profitability record, although a recent economic recession has led the managing director to question ‘whether we are selling the righttype of cars. Recently, I wonder if we have been buyingcars that our team of buyers would like to drive, not what our customers want to buy?’ However, the personalselection of quality cars has been an important part of CAR’s business model and it is stressed in their marketing literature and website.Sales records show that 90% of all sales are to customers who live within two hours’ drive of CAR’s base. This is to be expected as there are many petitors and most customers want to buy from a garage that they can easily return the car to if it needs inspection, a service or repair. Consequently, CAR concentrates on display advertising in newspapers in this geographical area. It also has a customer database containing the records of people who have bought cars in the last three years. All customers receive a regular mail-shot, listing the cars for sale and highlighting any special offers or promotions. The pany has a website where all the cars are listed with a series of photographs showing each car from a variety of angles. The website also contains general information about the pany, special offers and promotions, and information about its service, maintenance and repair service.CAR is keen to expand the service and mechanical repair side of its business. It would particularly like customers who have purchased cars from them to bring them back for servicing or for any mechanical repairs that are subsequently required. However, although CAR holds basic spare parts in stock, it has to order many parts from specialist parts panies (called motor factors) or from the manufacturers directly. Mechanics have to raise paper requisitions which are passed to the procurement managerfor reviewing, agreeing and sourcing. Most parts are ordered from regular suppliers, but there is an increasing backlog and this can cause a particular problem if the customer’s car is in the garage waiting for the part to arrive. Customers are increasingly frustrated and annoyed by repairs taking much longer than they were led to expect. Another source of frustration is that the procurement manager only works from 10.00 to 16.00. The mechanics work on shifts and so the garage is staffed from 07.00 to 19.00. Urgent requisitions cannot be processed when the procurement manager is not at work. The backlog of requisitions is placing increased strain on the procurement manager who has recently made a number of clerical mistakes when raising a purchase order.Requests for stationery and other office supplies also go through the same requisitioning process, with orders placed with the office supplier who is offering the best current deal. Finding this deal can be time consuming and so employees are increasingly submitting requisitions earlier so that they can be sure that new supplies will be received in time.The managing director is aware of the problems of the requisitioning system but is reluctant to appoint a second procurement manager because he is trying to keep staff overheads down during a difficult trading period. He iskeen to address ‘more fundamental issues in the marketing and procurement processes’. He is particularly interested in how the ‘interactivity, intelligence, individualisation and independence of location offered by e-marketing media can help us at CAR’.(a) Evaluate how the principles of interactivity, intelligence, individualisation and independence oflocation mightbe applied in the e-marketing of the products and services of CAR. (16 marks)(b) Explain the principles of e-procurement and evaluate its potential application at CAR. (9 marks)(25 marks)(a) This question uses four of the ‘6 Is’ developed by McDonald and Wilson to explore the differences between traditional and e-marketing. Candidate answers do not have to be strictly classified within each of the factors identified below. In reality, suggestions will cross the boundaries of these factors.Interactivity concerns the development of a two-way relationship between the customer and the supplier. The traditional display advertising and mail-shots used by CAR are examples of ‘push media’ where the marketing message is broadcast to current and potential customers. Their current website continues this approach, with the stocklisting essentially representing a continually updated, but widely aessible, display advertisement. Supplementing mail-shots with e-mails could be immediately considered by CAR and would be a cheaper alternative to mail-shots. However, it still remains a ‘push technique’ with little dialogue with the customer.Here are three ideas that CAR could consider to improve the interactivity of its site. Other legitimate suggestions will also be given credit.(1) Encouraging potential buyers on their website to ask questions about any car that they are interested in. Both questions and answers are published. This may provide someone with the vital information that clinches the sale. It also creates a great enthusiasm around the car. Buyers may move quickly so that they do not lose the opportunity to buy the car. On e-bay, customers are encouraged to ‘ask a question’ of the seller and this often leads to long threads where the supplier and potential buyers interact.(2) Many buyers would like to test drive a car before they purchase it. CAR could provide the opportunity for customers to book a test drive over the Inter.(3) Once a purchase had been plete, CAR might encourage feedback which could be published on the website. In this instance, customers are actually providing information that is mercially useful to buyers. This may be in the form oftestimonials, or in the form of more structured feedback that e-bay encourages. Suppliers who have 100% positive feedback backed up by testimonials from previous buyers are powerfully reinforcing their marketing message.Intelligence is about identifying and understanding the needs of potential customers and how they wish to be municated with. It is traditionally the area of market research and marketing research. Currently CAR does very little research. It relies on a database that only consists of people who have actually bought cars from the pany. Collecting email addresses through promotions and interactivity initiatives (see above) provides a much greater pool of potential customers who can be kept up-to-date through email. It can also give CAR significant intelligence about the type of cars that they areinterested in and at what price. At present, the buyers for CAR use their experience when buying cars at auction and there is some concern that they buy what they would like to drive, not what the customers want to drive. It would be useful to support this experience with quantitative information about the type of cars potential buyers are really interested in. This may lead to a change in buying policy.Individualisation concerns the tailoring of marketing information to each individual, unlike traditional mediawhere the same message tends to be sent to everyone. Personalisation is a key element in building an effective relationship with the customer. In the context of CAR, individuals who have shown interest in a certain model or type of car may be selectively emailed when a similar car bees available. This approach may also be used for current customers. For example, someone who purchased a particular car two or three years ago might be e-mailed about an opportunity to upgrade to an updated model. For individualisation to be suessful, sufficient details must be collected through the intelligence and interactive facets of the‘6 Is’.Individualisation will also be key in offering relevant after-sales service. This may concern inviting customers to return their cars for servicing at the correct dates or offering services only appropriate to that type of car. For example, circulating details of air-conditioning renewal only to customers with air conditioned cars.Independence of location concerns the geographical location of the pany. Electronic media increases the geographical reach of a pany. For many panies this gives opportunities to sell into international markets which had previously been inaessible to them.This facet of the new media is unlikely to be appropriate to CAR. Most sales are to customers who are within two hours’ drive of the CAR premises. The modity nature of the cars that CAR are selling means that similar cars will be available throughout the country, often from garages that offer local service and support. Independence of location would be more significant if CAR was selling collectors or classic cars where each car is relatively rare and people are prepared to travel long distances to view the car they are interested in. Furthermore, the long term lease on CAR’s current premises makes it unlikely that they will be able to locate to a cheaper site and hence exploit the independence of location offered by the new media.(b) Procurement is concerned with purchasing goods or services for the organisation. It is concerned with sourcing items at the right price, delivered at the right time, to the right quality, in the right quantity and from the right source. Many contemporary definitions of procurement also include the inbound logistics required to get the product from the supplier to the customer.E-procurement looks at the opportunities presented by automating aspects of procurement to improve the performance of the five ‘rights’ identified above. There is a wide range of potential answers to this part of thequestion depending on the scope and focus of e-procurement selected by the candidate. Solutions may vary from the simple automation of part of the system, to re-thinking the way the pany does business.In the context of CAR, two distinct types of procurement can be identified. The first is production-related procurement and is directly related to the core activities of the organisation. This relates to the purchase of cars for sale and the purchase of parts required for servicing or repairing vehicles. The second is non-production procurement.CAR has always purchased its vehicles through experienced buyers attending auctions. On average this attendance costs the pany $500 per day, leading to the purchase (on average) of five cars. This purchasing cost of $100 per car represents 5% of the average profit margin on each car. This cost could be eliminated if cars were purchased through e-auctions, with bids made on-line. The risk here is that the cars bought were not of the right quality. CAR prides itself in the personal selection of its cars. However, it could be argued that cars which are less than two years old with a full service history are unlikely to have much wrong with them.The parts needed for servicing and mechanical repairs are ordered from motor factors or manufacturers. A numberof regular suppliers are retained, many in long-term relationships with CAR. This is known as systematic sourcing. Most of the problems here are caused by the needto pass requisitions for parts through a procurement manager. The first problem is the delay in the purchasing cycle. There is a backlog of requisitions that have to be reviewed, agreed and sourced by the procurement manager. This is particularly problematic when a customer’s car isin the garage awaiting a part. The customer is likely to be frustrated and annoyed by the delay, whilst the car is oupying garage space that could have been profitably usedfor a fee-paying job. The second problem is the cost of the paperwork and the processing time of the procurement manager associated with the purchase. The final problem is that purchases can only be made between 10.00 and 16.00 when the procurement manager is at work. Mechanics work07.00 to 19.00 and are frustrated that they cannot make orders outside the times the procurement manager is at work. Giving the mechanics the systems and authorisation to order parts (up to a certain value limit) from specifiedsuppliers over the Inter should deliver cost savings and speed up repairs and services. A direct ordering system should also reduce administrative errors and enhance customer goodwill. CAR might also use eprocurement to open up petitive bidding between potential suppliers; postingtheir requirements on their website and inviting peting bids. Parts could be sourced from a number of suppliers, taking advantage of the lowest prices for each part. This could be bined with just-in-time supply, reducing the cost of stock holding at CAR.Non-production procurement is concerned with ordering things such as stationery, paper, ink toner and other office supplies. Christa Degnan (quoted in Chaffney, E-Business and E-Commerce Management) suggested that for‘every dollar a pany earns in revenue, 50 cents to 55 cents is spent on indirect goods and services – things like office supplies and puter equipment. That half dollar represents an opportunity. By driving costs out of the purchasing process, panies can increase profits without having to sell more goods’. CAR is in this situation. It uses the same process for office supplies as it does for car parts. However, most office supplies are cheap, modity products where sometimes the cost of ordering the product exceeds the value of the purchased product, particularly where a cumbersome purchasing process is in place. With little differentiation between products, it is the availability and cost of the product that bee the most significant aspects in the procurement process. E-procurement should provide better information, identifyingalternative suppliers and allowing spot sourcing of office products to fulfil immediate need.Overall, e-procurement should reduce the administrative burden on the procurement manager, giving him or her the opportunity to concentrate on negotiating terms, agreements and product standardisation; more strategic tasks in the procurement process.。
ACCA考试会计模拟习题(11)
ACCA考试会计模拟习题（11）本文由高顿ACCA整理发布，转载请注明出处Section B – TWO questions ONLY to be attempted2 It was the final day of a two-week-long audit of Van Buren Company，a longstanding client of Fillmore Pierce Auditors. In the afternoon，Anne Hayes，a recently qualified accountant and member of the audit team，was following an audit trail on some cash payments when she discovered what she described to the audit partner，Zachary Lincoln，as an ‘irregularity’。
A large and material cash payment had been recorded with no recipient named. The corresponding invoice was handwritten on a scrap of paper and the signature was illegible.Zachary，the audit partner，was under pressure to finish the audit that afternoon. He advised Anne to seek an explanation from Frank Monroe，th e client‘s finance director. Zachary told her that Van Buren was a longstanding client of Fillmore Pierce and he would be surprised if there was anything unethical or illegal about the payment. He said that he had personally been involved in the Van Buren audit for the last eight years and that it had always been without incident. He also said that Frank Monroe was an old friend of his from university days and that he was certain that he wouldn‘t approve anything unethical or illegal. Zachary said that Fillmore Pierce had also done some consultancy for Van Buren so it was a very important client that he didn‘t want Anne to upset with unwelcome and uncomfortable questioning.When Anne sought an explanation from Mr Monroe，she was told that nobody could rem ember what the payment was for but that she had to recognise that ‘real’ audits were sometimes a bit messy and that not all audit trails would end as she might like them to. He also reminded her that it was the final day and both he and the audit firm were under time pressure to conclude business and get the audit signed off.When Anne told Zachary what Frank had said，Zachary agreed not to get the audit signed off without Anne‘s support，but warned her that she should be very certain that the irregularit y was worth delaying the signoff for. It was therefore now Anne’s decision whether to extend the audit or have it signed off by the end of Friday afternoon.Required：Describe the difficulties of maintaining sound internal controls in the Giant Dam Project created by working through sub-contractors. (4 marks)(50 marks)更多ACCA资讯请关注高顿ACCA官网：。
财务会计英语练习及答案ch
财务会计英语练习及答案ch个人收集整理勿做商业用途CHAPTER 16 STATEMENT OF CASH FLOWS个人收集整理勿做商业用途Chapter 16—Statement of Cash FlowsTRUE/FALSE1. The statement of cash flows is not one of the basic financial statements.ANS: F DIF: 1 OBJ: 012. Cash, as the term is used for the statement of cash flows, could indicate either cash or cashequivalents.ANS: T DIF: 1 OBJ: 013. The statement of cash flows is an optional financial statement.ANS: F DIF: 1 OBJ: 014. The statement of cash flows shows the effects on cash ofa company's operating, investing,and financing activities.ANS: T DIF: 1 OBJ: 015. The statement of cash flows reports a firm's major sources of cash receipts and major uses ofcash payments for a period.ANS: T DIF: 1 OBJ: 016. Cash flows from operating activities, as part of the statement of cash flows, include cashtransactions that enter into the determination of net income.ANS: T DIF: 1 OBJ: 017. To arrive at cash flows from operations, it is necessary toconvert the income statement froman accrual basis to the cash basis of accounting.ANS: T DIF: 2 OBJ: 018. Cash flows from investing activities, as part of the statement of cash flows, include receiptsfrom the sale of land.ANS: T DIF: 2 OBJ: 019. Cash flows from financing activities, as part of the statement of cash flows, include paymentsfor dividends.ANS: T DIF: 2 OBJ: 0110. Cash flows from investing activities, as part of the statement of cash flows, include paymentsfor the purchase of treasury stock.ANS: F DIF: 2 OBJ: 0111. Cash flows from investing activities, as part of the statement of cash flows, include receiptsfrom the issuance of bonds payable.ANS: F DIF: 2 OBJ: 0112. There are two alternatives to reporting cash flows from operating activities in the statement ofcash flows: (1) the direct method and (2) the indirect method.ANS: T DIF: 1 OBJ: 0113. The direct method of preparing the operating activities section of the statement of cash flowsreports major classes of gross cash receipts and gross cash payments.ANS: T DIF: 1 OBJ: 0114. Under the direct method of reporting cash flows from operations, the major source of cash iscash received from customers.ANS: T DIF: 1 OBJ: 0115. The main disadvantage of the direct method of reporting cash flows from operating activitiesis that the necessary data are often costly to accumulate.ANS: T DIF: 2 OBJ: 0116. A major disadvantage of the indirect method of reporting cash flows from operating activitiesis that the difference between the net amount of cash flows from operating activities and net income is not emphasized.ANS: F DIF: 2 OBJ: 01个人收集整理勿做商业用途17. Cash outflows from financing activities include the payment of cash dividends, theacquisition of treasury stock, and the repayment of amounts borrowed.ANS: T DIF: 2 OBJ: 0118. Cash flows from investing activities, as part of the statement of cash flows, include paymentsfor the acquisition of fixed assets.ANS: T DIF: 2 OBJ: 0119. The acquisition of land in exchange for common stock is an example of noncash investing andfinancing activity.ANS: T DIF: 2 OBJ: 0120. If a business issued bonds payable in exchange for land, the transaction would be reported in aseparate schedule on the statement of cash flows.ANS: T DIF: 2 OBJ: 0121. A cash flow per share amount should be reported on thestatement of cash flows.ANS: F DIF: 1 OBJ: 0122. Although there is no order in which the noncash balance sheet accounts must be analyzed indetermining data for preparing the statement of cash flows by the indirect method, time can be saved and greater accuracy can be achieved by selecting the accounts in the reverse order in which they appear on the balance sheet.ANS: T DIF: 1 OBJ: 0223. The 2002 edition of Accounting Trends and Techniques reported that 90% of the companiessurveyed used the indirect method to report changes in cash flows from operations.ANS: F DIF: 2 OBJ: 0224. Rarely would the cash flows from operating activities, as reported on the statement of cashflows, be the same as the net income reported on the income statement.ANS: T DIF: 2 OBJ: 0225. If land costing $75,000 was sold for $135,000, the amount reported in the investing activitiessection of the statement of cash flows would be $75,000.ANS: F DIF: 2 OBJ: 0226. If land costing $150,000 was sold for $205,000, the $55,000 gain on the sale would be addedto net income in converting the net income reported on the income statement to cash flows from operating activities for the statement of cash flows prepared by the indirect method.ANS: F DIF: 2 OBJ: 0227. In preparing the cash flows from operating activitiessection of the statement of cash flows bythe indirect method, the net decrease in inventories from the beginning to the end of the period is added to net income for the period.ANS: T DIF: 2 OBJ: 0228. In determining the cash flows from operating activities for the statement of cash flows by theindirect method, the depreciation expense for the period is added to the net income for the period.ANS: T DIF: 2 OBJ: 0229. In preparing the cash flows from operating activities section of the statement of cash flows bythe indirect method, the amortization of bond discount for the period is deducted from the net income for the period.ANS: F DIF: 2 OBJ: 02个人收集整理勿做商业用途30. If cash dividends of $145,000 were declared during the year and the decrease in dividendspayable from the beginning to the end of the year was $7,000, the statement of cash flows would report $152,000 in the financing activities section.ANS: T DIF: 2 OBJ: 0231. The declaration and issuance of a stock dividend would be reported on the statement of cashflows.ANS: F DIF: 2 OBJ: 0232. If 900 shares of $40 par common stock are sold for $48,000, the $48,000 would be reported inthe cash flows from financing activities section of the statement of cash flows.ANS: T DIF: 2 OBJ: 0233. If $500,000 of bonds payable are sold at 101, $500,000 would be reported in the cash flowsfrom financing activities section of the statement of cash flows.ANS: F DIF: 2 OBJ: 0234. Net income was $ 52,000 for the year. The accumulated depreciation balance increased by$17,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. The cash flow from operations is $35,000ANS: F DIF: 2 OBJ: 0235. Net income for the year was $29,000. Accounts receivable increased $2,500, and accountspayable increased $5,100. The cash flow from operations is $31,600.ANS: T DIF: 2 OBJ: 0236. A building with a cost of $153,000 and accumulated depreciation of $42,000 was sold for an$11,000 gain. The cash generated from this investing activity was $121,000.ANS: F DIF: 2 OBJ: 0237. The indirect method reports cash received from customers in the cash flows from operatingactivities section of the statement of cash flows.ANS: F DIF: 2 OBJ: 0238. Cash paid to acquire treasury stock should be shown on the statement of cash flows frominvesting activities.ANS: F DIF: 2 OBJ: 0239. Repayments of bonds would be shown as a cash outflow in the investing section of thestatement of cash flows.ANS: F DIF: 2 OBJ: 0240. Acquiring equipment by issuing a six-month note should be shown on the statement of cashflows under the investing activities section.ANS: F DIF: 2 OBJ: 0241. In reporting cash flows from investing activities on the statement of cash flows, the cashinflows are usually reported first, followed by the cash outflows.ANS: T DIF: 1 OBJ: 0242.Cash inflows and outflows are not netted in any activity section of the statement of cash flows but are separately disclosed to give the reader full information.ANS: T DIF: 1 OBJ: 0243. The manner of reporting cash flows from investing and financing activities will be differentunder the direct method as compared to the indirect method.ANS: F DIF: 1 OBJ: 0344. Sales reported on the income statement were $375,000. The accounts receivable balancedeclined $6,500 over the year. The amount of cash received from customers was $368,500.个人收集整理勿做商业用途ANS: F DIF: 2 OBJ: 0345. To determine cash payments for merchandise for the cash flow statement using the directmethod, a decrease in accounts payable is added to the cost of merchandise sold.ANS: T DIF: 2 OBJ: 0346. To determine cash payments for operating expenses for the cash flow statement using thedirect method, a decrease in prepaid expenses is added to operating expenses other thandepreciation.ANS: F DIF: 2 OBJ: 0347. To determine cash payments for operating expenses for the cash flow statement using thedirect method, a decrease in accrued expenses is added to operating expenses other thandepreciation.ANS: T DIF: 2 OBJ: 0348. To determine cash payments for income tax for the cash flow statement using the directmethod, an increase in income taxes payable is added to the income tax expense.ANS: F DIF: 2 OBJ: 0349. Free cash flow is cash flow from operations, less cash used to purchase fixed assets tomaintain productive capacity and cash used for dividends.ANS: T DIF: 1 OBJ: 0450. Free cash flow is the measure of operating cash flow available for corporate purposes afterproviding sufficient fixed asset additions to maintain current productive capacity anddividends.ANS: T DIF: 1 OBJ: 04MULTIPLE CHOICE1. Which of the following is not one of the four basic financial statements?a. balance sheetb. statement of cash flowsc. statement of changes in financial positiond. income statementANS: C DIF: 1 OBJ: 012. Which of the following concepts of cash is not appropriate to use in preparing the statementof cash flows?a. cashb. cash and money market fundsc. cash and cash equivalentsd. cash and U.S. treasury bondsANS: D DIF: 2 OBJ: 013. The statement of cash flows reportsa. cash flows from operating activitiesb. total assetsc. total changes in stockholders' equityd. changes in retained earningsANS: A DIF: 1 OBJ: 014. On the statement of cash flows, the cash flows from operating activities section would includea. receipts from the issuance of capital stockb. receipts from the sale of investmentsc. payments for the acquisition of investments个人收集整理勿做商业用途d. cash receipts from sales activitiesANS: D DIF: 2 OBJ: 015. Preferred stock issued in exchange for land would be reported in the statement of cash flowsina. the cash flows from financing activities sectionb. the cash flows from investing activities sectionc. a separate scheduled. the cash flows from operating activities sectionANS: C DIF: 2 OBJ: 016. Cash paid to purchase long-term investments would be reported in the statement of cash flowsina. the cash flows from operating activities sectionb. the cash flows from financing activities sectionc. the cash flows from investing activities sectiond. a separate scheduleANS: C DIF: 2 OBJ: 017. A statement of cash flows would not disclose the effects of which of the followingtransactions?a. stock dividends declaredb. bonds payable exchanged for capital stockc. purchase of treasury stockd. capital stock issued to acquire fixed assetsANS: A DIF: 2 OBJ: 018. Which of the following does not represent an outflow of cash and therefore would not bereported on the statement of cash flows as a use of cash?a. purchase of noncurrent assetsb. purchase of treasury stockc. discarding an asset that had been fully depreciatedd. payment of cash dividendsANS: C DIF: 2 OBJ: 019. Which of the following represents an inflow of cash and therefore would be reported on thestatement of cash flows?a. appropriation of retained earningsb. acquisition of treasury stockc. declaration of stock dividendsd. issuance of long-term debtANS: D DIF: 2 OBJ: 0110. A ten-year bond was issued at par for $150,000 cash. This transaction should be shown on astatement of cash flows undera. investing activitiesb. financing activitiesc. noncash investing and financing activitiesd. operating activitiesANS: B DIF: 1 OBJ: 0111. Cash paid for preferred stock dividends should be shown on the statement of cash flows undera. investing activitiesb. financing activitiesc. noncash investing and financing activities个人收集整理勿做商业用途d. operating activitiesANS: B DIF: 2 OBJ: 0112. The last item on the statement of cash flows prior to the schedule of noncash investing andfinancing activities reportsa. the increase or decrease in cashb. cash at the end of the yearc. net cash flow from investing activitiesd. net cash flow from financing activitiesANS: B DIF: 2 OBJ: 0113. Which of the following is a noncash investing and financing activity?a. payment of a cash dividendb. payment of a six-month note payablec. purchase of merchandise inventory on accountd. issuance of common stock to acquire landANS: D DIF: 2 OBJ: 0114. Which of the following should be shown on a statement of cash flows under the financingactivity section?a. the purchase of a long-term investment in the common stock of another companyb. the payment of cash to retire a long-term notec. the proceeds from the sale of a buildingd. the issuance of a long-term note to acquire landANS: B DIF: 2 OBJ: 0115. A company purchases equipment for $29,000 cash. This transaction should be shown on thestatement of cash flows undera. investing activitiesb. financing activitiesc. noncash investing and financing activitiesd. operating activitiesANS: A DIF: 2 OBJ: 0116. Cash flow per share isa. required to be reported on the balance sheetb. required to be reported on the income statementc. required to be reported on the statement of cash flowsd. not required to be reported on any statementANS: D DIF: 1 OBJ: 0117. On the statement of cash flows prepared by the indirect method, the cash flows from operatingactivities section would includea. receipts from the sale of investmentsb. amortization of premium on bonds payablec. payments for cash dividendsd. receipts from the issuance of capital stockANS: B DIF: 2 OBJ: 0118. The statement of cash flows may be used by management toa. assess the liquidity of the businessb. assess the major policy decisions involving investments and financingc. determine dividend policyd. do all of the aboveANS: D DIF: 1 OBJ: 01个人收集整理勿做商业用途19. Depreciation on factory equipment would be reported in the statement of cash flows preparedby the indirect method ina. the cash flows from financing activities sectionb. the cash flows from investing activities sectionc. a separate scheduled. the cash flows from operating activities sectionANS: D DIF: 2 OBJ: 0220. Which of the following should be added to net income incalculating net cash flow fromoperating activities using the indirect method?a. an increase in inventoryb. a decrease in accounts payablec. preferred dividends declared and paidd. a decrease in accounts receivableANS: D DIF: 2 OBJ: 0221. Which of the following should be deducted from net income in calculating net cash flow fromoperating activities using the indirect method?a. depreciation expenseb. amortization of premium on bonds payablec. a loss on the sale of equipmentd. dividends declared and paidANS: B DIF: 2 OBJ: 0222. Which of the following below increases cash?a. depreciation expenseb. acquisition of treasury stockc. borrowing money by issuing a six-month noted. the declaration of a cash dividendANS: C DIF: 2 OBJ: 0223. Which one of the following below would not be classified as an operating activity?a. interest expenseb. income taxesc. payment of dividendsd. selling expensesANS: C DIF: 2 OBJ: 0224. Which one of the following below should be added to net income in calculating net cash flowfrom operating activities using the indirect method?a. a gain on the sale of landb. a decrease in accounts payablec. an increase in accrued liabilitiesd. dividends paid on common stockANS: C DIF: 2 OBJ: 0225. On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale ofinvestments would bea. deducted from net income in converting the net income reported on the incomestatement to cash flows from operating activitiesb. added to net income in converting the net income reported on the income statementto cash flows from operating activitiesc. added to dividends declared in converting the dividends declared to the cash flowsfrom financing activities related to dividends个人收集整理勿做商业用途d. deducted from dividends declared in converting the dividends declared to the cashflows from financing activities related to dividendsANS: A DIF: 2 OBJ: 0226. Accounts receivable arising from trade transactions amounted to $45,000 and $52,000 at thebeginning and end of the year, respectively. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method isb. $112,000c. $98,000d. $140,000ANS: C DIF: 2 OBJ: 0227. The net income reported on the income statement for the current year was $275,000.Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:End Beginning Cash $ 50,000 $ 60,000 Accounts receivable 112,000 108,000 Inventories 105,000 93,000 Prepaid expenses 4,500 6,500 Accounts payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?a. $198,000b. $324,000c. $352,000d. $296,000ANS: D DIF: 3 OBJ: 0228. The following information is available from the current period financial statements:Net income .................................... $140,000Depreciation expense ..................... 28,000Increase in accounts receivable ....... 16,000Decrease in accounts payable ......... 21,000The net cash flow from operating activities using the indirect method isb. $163,000c. $107,000d. $205,000ANS: A DIF: 3 OBJ: 0229. On the statement of cash flows, the cash flows from investing activities section would includea. receipts from the issuance of capital stockb. payments for dividendsc. payments for retirement of bonds payabled. receipts from the sale of investmentsANS: D DIF: 2 OBJ: 02个人收集整理勿做商业用途30. A building with a book value of $ 45,000 is sold for $50,000 cash. Using the indirect method,this transaction should be shown on the statement of cash flows as follows:a. an increase of $45,000 from investing activitiesb. an increase of $50,000 from investing activities and a deduction from net income of$5,000c. an increase of $50,000 from investing activitiesd. an increase of $45,000 from investing activities and an addition to net income of$5,000ANS: B DIF: 2 OBJ: 0231. Cash paid for equipment would be reported in the statement of cash flows ina. the cash flows from operating activities sectionb. the cash flows from financing activities sectionc. the cash flows from investing activities sectiond. a separate scheduleANS: C DIF: 2 OBJ: 0232. If a gain of $9,000 is incurred in selling (for cash) office equipment having a book value of$55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows isa. $46,000b. $9,000c. $55,000d. $64,000ANS: D DIF: 2 OBJ: 0233. Which of the following types of transactions would be reported as a cash flow from investingactivity on the statement of cash flows?a. issuance of bonds payableb. issuance of capital stockc. purchase of treasury stockd. purchase of noncurrent assetsANS: D DIF: 2 OBJ: 0234. Land costing $47,000 was sold for $78,000 cash. The gain on the sale was reported on theincome statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?a. $78,000b. $47,000c. $109,000d. $31,000ANS: A DIF: 2 OBJ: 0235. Equipment with an original cost of $50,000 and accumulated depreciation of $20,000 wassold at a loss of $7,000. As a result of this transaction, cash woulda. increase by $23,000b. decrease by $7,000c. increase by $43,000d. decrease by $30,000ANS: A DIF: 2 OBJ: 0236. On the statement of cash flows, the cash flows from financing activities section would includea. receipts from the sale of investmentsb. payments for the acquisition of investmentsc. receipts from a note receivabled. receipts from the issuance of capital stockANS: D DIF: 2 OBJ: 0237. On the statement of cash flows, the cash flows from financing activities section would includeall of the following excepta. receipts from the sale of bonds payableb. payments for dividendsc. payments for purchase of treasury stockd. payments of interest on bonds payableANS: D DIF: 2 OBJ: 0238. Cash dividends paid on capital stock would be reported in the statement of cash flows ina. the cash flows from financing activities sectionb. the cash flows from investing activities sectionc. a separate scheduled. the cash flows from operating activities sectionANS: A DIF: 2 OBJ: 0239. Cash dividends of $80,000 were declared during the year. Cash dividends payable were$10,000 and $15,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year isa. $85,000b. $80,000c. $95,000d. $75,000ANS: D DIF: 2 OBJ: 0240. On the statement of cash flows, a $20,000 gain on the sale of fixed assets would bea. added to net income in converting the net income reported on the income statementto cash flows from operating activitiesb. deducted from net income in converting the net income reported on the incomestatement to cash flows from operating activitiesc. added to dividends declared in converting the dividends declared to the cash flowsfrom financing activities related to dividendsd. deducted from dividends declared in converting the dividends declared to the cashflows from financing activities related to dividendsANS: B DIF: 2 OBJ: 0241. A business issues 20-year bonds payable in exchange for preferred stock. This transactionwould be reported on the statement of cash flows ina. a separate scheduleb. the cash flows from financing activities sectionc. the cash flows from investing activities sectiond. the cash flows from operating activities sectionANS: A DIF: 2 OBJ: 0242. Land costing $68,000 was sold for $50,000 cash. The loss on the sale was reported on theincome statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?a. $50,000b. $78,000c. $118,000d. $68,000ANS: A DIF: 2 OBJ: 0243. The current period statement of cash flows includes the flowing:Cash balance at the beginning of the period................... $410,000Cash provided by operating activities ............................ 185,000 Cash used in investing activities .................................... 43,000Cash used in financing activities .................................... 97,000 The cash balance at the end of the period isa. $45,000b. $735,000c. $455,000d. $85,000ANS: C DIF: 2 OBJ: 0244. On the statement of cash flows, the cash flows from operating activities section would includea. receipts from the issuance of capital stockb. payment for interest on short-term notes payablec. payments for the acquisition of investmentsd. payments for cash dividendsANS: B DIF: 2 OBJ: 0345. The cost of merchandise sold during the year was $50,000. Merchandise inventories were$12,500 and $10,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $5,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise totala. $49,000b. $47,000c. $51,000d. $53,000ANS: A DIF: 2 OBJ: 0346. Sales for the year were $600,000. Accounts receivable were $100,000 and $80,000 at thebeginning and end of the year. Cash received from customers to be reported on the cash flow statement using the direct method isa. $700,000b. $600,000c. $580,000d. $620,000ANS: D DIF: 2 OBJ: 0347. Operating expenses other than depreciation for the year were $400,000. Prepaid expensesincreased by $17,000 and accrued expenses decreased by $30,000 during the year. Cash payments for operating expensesto be reported on the cash flow statement using the direct method would bea. $353,000b. $413,000c. $447,000d. $383,000ANS: C DIF: 2 OBJ: 0348. The following selected account balances appeared on the financial statements of the FranklinCompany:Accounts Receivable, Jan. 1 ........... $13,000Accounts Receivable, Dec. 31 ........ 9,000Accounts Payable, Jan 1 ................ 4,000Accounts payable Dec. 31 .............. 7,000Merchandise Inventory, Jan 1 ......... 10,000Merchandise Inventory, Dec 31 ...... 15,000Sales ............................................. 56,000Cost of Goods Sold ........................ 31,000The Franklin Company uses the direct method to calculate net cash flow from operatingactivities. Cash collections from customers area. $56,000b. $52,000c. $60,000d. $45,000ANS: C DIF: 3 OBJ: 0349. The following selected account balances appeared on the financial statements of the FranklinCompany:Accounts Receivable, Jan. 1 ......... $13,000Accounts Receivable, Dec. 31 ...... 9,000Accounts Payable, Jan 1 .............. 4,000Accounts payable Dec. 31 ............ 7,000Merchandise Inventory, Jan 1 ....... 10,000Merchandise Inventory, Dec 31 .... 15,000Sales ........................................... 56,000Cost of Goods Sold ....................... 31,000The Franklin Company uses the direct method to calculate net cash flow from operatingactivities. Cash paid to suppliers isa. $39,000b. $33,000c. $29,000d. $23,000ANS: B DIF: 3 OBJ: 0350. Income tax was $400,000 for the year. Income tax payable was $30,000 and $40,000 at thebeginning and end of the year. Cash payments for income tax reported on the cash flow statement using the direct method isa. $400,000b. $390,000c. $430,000d. $440,000ANS: B DIF: 2 OBJ: 0351. Free cash flow isa. all cash in the bankb. cash from operationsc. cash from financing, less cash used to purchase fixed assets to maintain productive。
英文版会计学考试题及答案
英文版会计学考试题及答案English Accounting Exam Questions and AnswersQuestion 1: Define the term "Double Entry Bookkeeping" and explain its significance in accounting.Answer 1: Double Entry Bookkeeping is a system of recording financial transactions in which every entry to an account requires a corresponding and opposite entry to a different account. This ensures that the accounting equation (Assets = Liabilities + Owner's Equity) remains in balance. The significance of double entry bookkeeping lies in its ability to provide an accurate and comprehensive picture of a business's financial status, facilitating better decision-making and financial control.Question 2: What is the purpose of a trial balance, and how does it help in the preparation of financial statements?Answer 2: A trial balance is a report that lists the balances of all general ledger accounts at a particular point in time, with debit and credit amounts. It is used to ensure that the debits and credits have been recorded correctly. The trial balance helps in the preparation of financial statements by identifying any discrepancies in the accounting records, which can then be rectified before finalizing the statements.Question 3: Explain the difference between "AccrualAccounting" and "Cash Accounting."Answer 3: Accrual Accounting is a method of accounting where revenues and expenses are recognized when they are earned or incurred, not necessarily when cash is received or paid. This method provides a more accurate representation of a company's financial performance over a period. Cash Accounting, on the other hand, records transactions only when cash is exchanged. It is simpler and is often used by small businesses or those that operate on a cash basis.Question 4: Describe the process of preparing an income statement.Answer 4: Preparing an income statement involves several steps:1. List all the revenues for the period, such as sales and service income.2. Deduct all the expenses incurred to generate those revenues, including cost of goods sold, operating expenses, and taxes.3. Calculate the net income by subtracting total expenses from total revenues.4. The income statement should reflect the company's profitability over a specified period, typically a month, quarter, or year.Question 5: What are the main components of a balance sheet, and how do they relate to each other?Answer 5: The main components of a balance sheet are:1. Assets: What the company owns or controls with future economic benefit, divided into current assets (short-term) and non-current assets (long-term).2. Liabilities: Obligations the company owes to others, classified as current liabilities (due within one year) and long-term liabilities (due after one year).3. Owner's Equity: The residual interest in the assets of the entity after deducting liabilities, also known as shareholders' equity or net assets.These components are related through the fundamental accounting equation: Assets = Liabilities + Owner's Equity.Question 6: How does depreciation affect a company'sfinancial statements?Answer 6: Depreciation is a non-cash accounting method used to allocate the cost of tangible assets over their useful lives. It affects a company's financial statements in the following ways:1. It reduces the book value of the asset on the balance sheet.2. It increases the accumulated depreciation account, whichis a contra-asset account.3. It decreases net income on the income statement, as depreciation is an expense.4. It can lower taxable income, potentially reducing the company's tax liability.Question 7: What is the purpose of the statement of cash flows, and how does it differ from the income statement?Answer 7: The purpose of the statement of cash flows is to provide information about a company's cash receipts and payments during a period, showing how these cash flows affect the company's financial position. It differs from the income statement in that:1. It focuses on cash transactions, not accrual-basis accounting.2. It categorizes cash flows into operating, investing, and financing activities.3. It does not report net income but rather the net change in cash and cash equivalents.Question 8: Explain the concept of "Going Concern" and its importance in financial reporting.Answer 8: The Going Concern concept assumes that a businesswill continue to operate for the foreseeable future, allowing it to realize its assets and discharge its liabilities in the normal course of business. It is important in financial reporting because it underpins the accrual basis of accounting, which assumes that the business will continue to operate and therefore can recognize revenues and expensesover time.Question 9: What are the ethical considerations in accounting, and why are they important?Answer 9: Ethical considerations in accounting include honesty, integrity, objectivity, and confidentiality. Theyare important because they ensure the reliability andcredibility of financial information, which is crucial for stakeholders to make informed decisions. Ethical behavior also helps maintain public trust。
《财务会计学》课后习题及答案
《财务会计学》习题答案.第二章货币资产与短期投资1.（1）借：管理费用850现金150贷：其他应收款1000（2）借：应付票据20 000贷：银行存款20 000（3）借：其他应收款 1 200贷：现金1200（4）借：其他货币资金150 000贷：银行存款150 000（5）借：现金50 000贷：银行存款50 0002.（1）借：短期投资35 000应收利息 3 000贷：银行存款38 000（2）借：短期投资45 000应收股利400贷：银行存款45 400（3）借：银行存款50500贷：短期投资45 000应收股利200投资收益 5 300（4）借：银行存款 6 800贷：短期投资 5 000应收利息300投资收益 1 500第三章应收项目1.贴现所得=50000-50000*9%*90/360=50000-1125=48875借：银行存款48875财务费用1125贷：应收票据50000借：应收账款50000贷：短期借款500002.借：应收账款35100贷：主营业务收入30000应交税金—应交增值税5100借：银行存款34749财务费用351贷：应收账款351003.97年应提取的坏账准备=120万*8‰=9600借：管理费用 9600贷：坏账准备 600098年应提取的坏账准备=300万*8‰-9600=14400借：管理费用 14400贷：坏账准备 1440099年借：坏账准备 5000贷：应收账款 500099年应提取的坏账准备=250万*8‰-19000=1000借：管理费用 1000贷：坏账准备 10002000年借：应收账款 2000贷：坏账准备 2000借：应收账款 1000贷：坏账准备 10002000年应提取的坏账准备=190万*8‰-20000=-6800借：坏账准备 6800贷：管理费用 68004.借：应收票据 234000贷：主营业务收入 200000应交税金—应交增值税（销项税额） 34000到期值=234000+234000*10%*96/360=234000+6240=240240到期日=3月21天+4月30天+5月31天+6月14天=96天6月14日为到期日贴现期=4月14天+5月31天+6月14天=59天贴现所得=240240-240240*12%*59/360=240240-4724.72=235515.28 借：银行存款 235515.28贷：应收票据 234000财务费用 1515.28借：应收账款 240240贷：银行存款 240240借：银行存款 240240贷：应收账款 240240第四章存货1.（1）.借：原材料40000应交税金--增值税（进）6800贷：应付票据46800（2）. 借：原材料50300应交税金--增值税（进）800贷：应付账款58500银行存款300（3）. 借：在途物资80800应交税金--增值税（进）13600贷：银行存款94400（4）. 借：应付账款58500贷：银行存款57500财务费用1000 50000*2%（5）. 借：原材料80800贷：在途物资808002. 发出金额结存金额（1）加权平均法 4 550 4 550（2）移动加权平均法 4 364 4 736（3）先进选出法 4 200 4 900（4）后进选出法 4 700 4 4003.（1）借：物资采购8200应交税金--增值税1394贷：银行存款9594借：原材料10000贷：物资采购10000借：物资采购1800贷：材料成本差异1800（2）借：生产成本25000贷：原材料25000（3）借：物资采购32000应交税金--增值税5440贷：预付账款37440借：预付账款7440贷：银行存款7440借：原材料30000贷：物资采购30000借：材料成本差异2000贷：物资采购2000（4）借：生产成本40000贷：原材料40000（5）借：物资采购18400应交税金--增值税3060贷：银行存款21460（6）借：原材料20000贷：物资采购20000借：物资采购1600贷：材料成本差异1600（7）借：管理费用5000贷：原材料5000（8）650-1800+2000-1600差异率=----------------------------------×100%=-0.75%40000+10000+30000+20000借：生产成本-487.50管理费用-37.50贷：材料成本差异-525（9）计算月末结存材料的实际成本：月末结存材料的计划成本=（800+1200-1400）*50=30 000月末结存材料的成本差异=650-1400-525= -225 或=30 000* -0.75%= -225月末结存材料的实际成本=30 000-225=297754. 4月销售成本=71000×（1-8%）=653204月末结存商品成本=84000+55000-65320=736805月销售成本=76000×（1-8%）=699205月末结存商品成本=73680+63000-69920=667606月末结存商品成本=644406月销售成本=84000+55000+63000+59000-64440-65320-69920=61320（71000+76000+69000）-（65320+69920+61320）第二季度实际毛利率=------------------------------------------×100%=9% 71000+76000+690005.（1）借：物资采购 30000应交税金--增值税（进） 5100贷：银行存款 35100借：库存商品 41000贷：物资采购 30000商品进销差价 11000（2）借：物资采购 45000应交税金--增值税（进） 7650营业费用 500贷：银行存款 53150（3）借：银行存款 74880贷：主营业务收入 64000应交税金--增值税（销） 10880借：主营业务成本 74880贷：库存商品 74880（4）借：库存商品 58500贷：物资采购 45000商品进销差价 13500（5）借：物资采购 60000应交税金--增值税（进）10200贷：银行存款 70200借：库存商品 80000贷：物资采购 60000商品进销差价 20000（6）借：库存商品 3000贷：商品进销差价 3000（7）借：银行存款 58500贷：主营业务收入 50000应交税金--增值税（销） 8500借：主营业务成本 58500贷：库存商品 58500（8）可供分配的商品进销差价=5670+11000+13500+20000+3000=53 170 本期已销商品零售价=58 500+74 880=133 380期末结存商品零售价=71 12053 170差价率------------------ = 26%133 380+71 120本期销售商品实现的进销差价=（74880+58500）×26%=34678.80借：商品进销差价 34678.80贷：主营业务成本 34678.80结存商品未实现的进销差价=53 170-34678.80=18491.20结存商品的实际成本=71120-18491.20=52628.80贷：存货跌价准备 4975第五章长期投资1．（1）计算投资成本成交价(50 000×24．24) 1 212 000加：税费 6 400投资成本 1 218 400（2）购入时的会计分录借：长期股权投资——股票投资（开通公司投资成本） 1 218 400贷：银行存款 1 218 400（3）开通公司宣告分派1998年现金股利借：应收股利 20 000(50 000× 0.40)贷：长期股权投资——股票投资（开通公司投资成本） 20 000（4）开通公司宣告分派1999年现金股利兴华公司1999年应享有的投资收益 =50 000×4×（10/12）=166 667（元）兴华公司分派现金股利应冲减的投资成本=50 000×5—166 667 = 83 333（元）借：应收股利 250 000（50 000×5）贷：长期股权投资—股票投资（开通公司投资成本） 83 333投资收益 166 6672．（1）计算投资成本成交价 1 400 000加：税费 3 600减：应收股利150 000投资成本 1 253 600购入时的会计分录借：长期股权投资——股票投资（丙企业投资成本） 1 253 600应收股利150 000贷：银行存款 1 403 600结转投资差额借：长期股权投资——股票投资（丙企业股权投资差额）128 600贷：长期股权投资——股票投资（丙企业投资成本）128 600借：银行存款150 000贷：应收股利150 000（2）乙企业宣告分派股利借：应收股利—乙企业320 000贷：长期股权投资——股票投资（乙企业损益调整）320 000确认投资收益借：长期股权投资——股票投资（乙企业损益调整）640 000贷：投资收益640 000（4）确认对丙企业投资收益借：长期股权投资——股票投资（丙企业损益调整）112 500（600000×25%×9÷12）贷：投资收益112 500（5）摊销股权投资差额借：投资收益9645贷：长期股权投资——股票投资（丙企业股权投资差额）9645(12 8600÷10×9÷12) ÷123．（1）①购入债券借：长期债权投资——债券投资—（面值） 160 000长期债权投资——债券投资—（溢价） 10 800贷：银行存款 170 800②2000年12月31日结算应收利息、摊销溢价直线法摊销溢价票面利息=160000×10%×6÷12=8000（元）摊销溢价=10800÷（4×2） =1350（元）投资收益=8000—1351 =6650（元）借：应收利息 8 000贷：长期债权投资——债券投资（溢价） 1 350投资收益 6 650以后3年半中，每年12月31日和6月30日同上。
acca考试题目
acca考试题目ACCA考试题目分为两个阶段：基本阶段和应用阶段。
基本阶段的考试科目包括《管理会计与财务管理》、《审计与保证》等，涵盖了会计和财务管理的基本理论和实践。
应用阶段的考试科目更加深入和综合，包括《财务报告与会计基准》、《企业税务》等，考察考生在实际工作中应用会计知识和技能的能力。
ACCA考试题目类型包括选择题和主观题。
选择题包括单选题和多选题，主观题要求考生进行论述和分析。
在选择题中，通常会给出多个选项，要求考生从中选择正确的答案。
主观题则要求考生根据给定的情境或问题进行分析、解释或提出解决方案。
以下是一个ACCA考试科目的样题：题目：A公司是一家制造企业，生产多种产品。
为了计算盈亏平衡点，需要哪些数据？请列举所需数据并解释其用途。
答案：为了计算盈亏平衡点，需要以下数据：1. 固定成本数据：固定成本是指在一定时期内不随产量变化而变化的成本。
这些成本通常包括租金、工资、保险费等。
固定成本数据将用于计算盈亏平衡点时的总成本。
2. 变动成本数据：变动成本是指随着产量变化而变化的成本。
这些成本通常包括直接材料、直接人工和与产量直接相关的费用。
变动成本数据将用于计算每单位产品的成本。
3. 销售价格数据：销售价格是指每单位产品的售价。
销售价格数据将用于计算销售收入。
4. 预计销售量数据：预计销售量是指企业在一定时期内预测的产品销售数量。
预计销售量数据将用于计算销售收入和总成本。
通过以上数据，我们可以计算盈亏平衡点。
盈亏平衡点是指企业在一定时期内所获得的总收益与总成本相等时的状态。
计算盈亏平衡点可以帮助企业了解在什么情况下能够盈利或亏损，从而制定相应的经营策略。
ACCA财务会计习题
一、温习试探题1．按2006年新颁会计准那么,会计核算有哪些前提？其作用是什么？2．财务会计对会计信息质量保证的要求有哪些？3．财务会计工作标准体系包括哪些内容？具体如何实施？二、填空题1．财务会计的大体前提要紧包括。
2．我国企业会计准那么规定，企业的会计核算应当以为记帐基础。
3．会计提供信息要以为要紧计量尺度。
4．我国企业会计准那么规定，在我国境内的企业应以为记帐本位币5．会计要素的核算要紧解决_____ 等三方面的问题。
6．反映财务状况的会计等式为；反映经营功效的会计等式为。
7．我国企业会计准那么规定，企业应以作为会计年度。
8．会计期间通常一年,称为。
9．会计等式揭露了之间的关系，它是、和的理论依据。
10．企业会计制度依照企业生产经营活动的特点和会计报表要素，将会计科目分为、、、与五大类。
11.实际工作中，常常利用的帐务处置程序有、、、与__________五种。
我国会计人员惯用的是和两种。
12.一项信息是不是有相关性取决的因素包括、。
13.收益性支出在会计处置上计入要素项目，而资本性支出计入要素项目。
三、单项选择题1．会计主体与法律主体一样是（）①两个不相关的概念②两个不能彼此代替的概念③一致的④有区别的2．会计核算进行分期的要紧目的是（）①贯彻权责发生制②分时期确信经营功效③贯彻一致性原那么④贯彻谨慎性原那么3．会计机构、会计人员对本单位实行会计监督所应负的责任是（）①行政责任②本职工作责任③对厂长负责④法律责任4．我国企业会计准那么、具体会计准那么是由（）负责制定①企业主管部门②财政部门③国务院④企业自身5．某企业的存货计价前年采纳先进先出法，去年改用移动加权平均法，今年又改用加权平均法。
该企业的做法要紧违抗了（）原那么①客观性②谨慎性③可比性④配比原那么温习试探题1．企业利用现金的范围是如何规定的，企业应如何增强对现金的操纵治理？2．目前我国银行的结算方式有哪几种，哪些适合同城交易结算，哪些适合异地交易结算？3．什么是其他货币资金，会计报表中如何列示？？〖依照以下业务编制会计分录〗1．开显现金支票一张提取现金2389元。
《财务会计》相关复习题(英文版)(doc 12页)
《财务会计》相关复习题(英文版)(doc 12页)1．2．would reflect the most current value of the assets. Wilbur has violated which of the following principles or concepts? A．Reliability principleB．Cost principleC．Going-concern principleD．Stable-monetary-unit concept 3．Which of the following is true? A．Owners' Equity －Assets ＝LiabilitiesB．Assets －Owners' Equity ＝LiabilitiesC．Assets ＋Liabilities ＝Owners' EquityD．Liabilities ＝Owners' Equity ＋Assets4．G. Harrison Inc experienced a decrease in total assets of $2,000 during the current year. During the same year, total liabilities decreased $6,000. If dividends for the year were $10,000 and the owners made no additional investment, how much was netincome?A．$14,000B．$ 6,000C．$18,000D．$ 2,0005．Which of the following statements is true? A．The income statement reports all changes in assets, liabilities, and stockholders' equity of the business during the period.B．Revenues and expenses are reported only on the balance sheet.C．The statement of cash flows reports cash flows from three types of business activities——cash receipts, cash payments, and investing.D．On the statement of retained earnings, the net income for the period is added to the beginning balance of retained earnings. 6．Which of the following statements is not true?A．Investing activities relate to theinvestment by owners into the business. B．Paying dividends is an example of a financing activity.C．Operating activities are the most important type of business activity. D．Managers must make decisions about operating, investing, and financing activities.7．On which financial statement can the ending balance in retained earnings be found? A．Balance sheetB．Income statementC．Statement of retained earningsD．Both A and C8．Which of these is an example of an asset account?A．Service RevenueB．DividendsC．SuppliesD．All of the above are assets9．Dobson Company paid $1,200 on account. The effect of this transaction on Dobson'saccounting equation is to：A．decrease liabilities and increase stockholders’ equity.B．decrease assets and decrease liabilities. C．have no effect on total assets. D．decrease assets and decrease stockholders' equity.10．W hich of these statements is false? A．Decreases in liabilities and increases in revenues are recorded with a credit. B．Decreases in assets and increases in stockholders' equity are recorded with a credit.C．Increases in both assets and expenses are recorded with a debit.D．Increases in assets and decreases in liabilities are recorded with a debit.11．N ote Payable has a normal beginning balance of $40,200. During the period, new borrowings total $100,000 and payments on loans total $20,600. Determine the correct ending balance in Note Payable.A．$39,200, debitB．$119,600, creditC．$39,200, creditD．$160,800, credit12．W hich of these statements is correct? A．The account is a basic summary device used in accounting.B．A business transaction is recorded first in the journal and then posted to the ledger. C．In the journal entry, all accounts that are increased are listed first and then all accounts that are decreased are listed next. D．Both A and B are correct.13．W hich of these accounts has a normal debit balance?A．Salary ExpenseB．Accounts PayableC．Service RevenueD．Both A and B14．T he May 31 trial balance reports a credit balance of $5,000 for Service Revenue. During the month, one entry for $10 had been postedin error as a debit to Service Revenue. What is the correct balance of Service Revenue at May 31 ?A．$4,980B．$4,990C．$5,020D．$5,01015．T he beginning Cash account balance is $38,700. During the period, cash disbursements totaled $144,600. If ending Cash is $51,200, then cash receipts must have been：A．$105,900B．$234,500C．$132,100D．$157,10016．U se the following selected information for the Perriman Company to calculate the correct credit column total for a trial balance：Accounts receivable $ 27,200Accounts payable15,900Building359,600Cash55,600Common stock 155,000Dividends4,800Insurance expense 1,800Retained earnings 133,800Salary expense 52,500Salary payable 3,600Service revenue 193,200A．$365,600B．$304,700C．$501,500D．$506,30017．T he journal entry to record the performance of services on account for $1,200 is：A．Accounts Payable 1,200Service Revenue 1,200B．Accounts Receivable 1,200Service Revenue 1,200C．Cash 1,200Service Revenue 1,200D．Service Revenue 1,200Accounts Payable 1,20018．T he Smallwood Corporation began operations on January 1, 20X8. During 20X1, Smallwood collected $92,000 for management services. $12,000 of the amount collected was from a contract to provide management services for one year beginning November1,20X8. An additional $20,000 of management services had been earned but not collected by year end. The amount of revenue that should be reported for 20X8 under the cash-basis and accrual-basis is：Cash-BasisAccrual-BasisA．$92,000$80,000B．$80,000$100,000C．$100,000$112,000D．$92,000$102,00019．W hich of the following statements is false? A．The time-period concept requires companies to prepare financial statements at least quarterly.B．According to the revenue principle, revenue should be recorded when a product or service has been delivered to thecustomer.C．When possible, expenses that can be linked to a specific revenue should be deducted from revenue in the same period that the revenue is recorded.D．The time-period concept, the revenue principle, and the matching principle all support the practice of preparing adjusting entries.20．T he Armstead Company usually purchases office supplies twice a year to take advantage of quantity discounts. Office Supplies would be consideredA．an unearned revenue.B．a prepaid expense.C．an accrued revenue.D．an accrued expense.21．O n November 1 , 20X8 , the Jemigan Company paid $4,800 for a one-year insurance policy. On December 31 , 20X8, the adjusting entry would includeA．a debit to insurance Expense$4,800.B．a credit to insurance Payable, $800. C．a credit to Prepaid insurance, $800. D．a debit to Insurance Expense, $4,000. 22．W hich of these could not be a closing entry?A．Salary Expense XXRetained Earnings XX B．Retained Earnings XXDividends XX C．Service Revenue XXRetained Earnings XX D．Retained Earnings XXRent Expense XX 23．W hat type of account is Unearned Revenue (asset, liability, stockholders' equity, revenue, or expense) and what is its normal balance, respectively?A．asset, debitB．expense, debitC．liability, creditD．revenue, credit24．W hich of the following transactions isconsidered an accrued expense?Ⅰ．Salaries that employees have earned but not receivedII．Management fees received in advanceⅢ．Newspaper advertising that has been purchased but has not yet appeared in the newspaperA．I onlyB．II onlyC．ⅢonlyD．Both I and II25．W hich of the following accounts is not considered a current asset?A．Accounts ReceivableB．EquipmentC．InventoryD．Prepaid Rent26．T he balance sheet for Arnold's Cleaners appears below：Arnold's CleanersBalance sheetDecember 31, 20X8AssetsLiabilitiesCash $400 Accounts payable $300 Accounts receivable 460 Salary payable 20 Supplies 10 Unearned revenue 120 Prepaid insurance 60 Note payable (due in 5 years) 400 Equipment $400 Total liabilities 840 Less: Acc. depr. 40 360 Stockholders’ EquityLand 400 Common stock 370Retained earnings 480Total stockholders' equity 850Total assets $1,690 Total liabilities and stockholders' Equity $1,690 Arnold's current ratio for 20X8 isA．2.11B．2.09C．2D．1.5227．A n investment in debt securities may be classified as any of the following categories except：A．trading securitiesB．available-for-saleC．held-to-maturityD．All of the above are categories for Debt securities28．T he Boulder Co. purchased the following securities in 20X8.The year-end balances of their trading and available-for-sale portfoliosare given below：Trading portfolio: Cost Market ValueSecurity A $10,000 $12,000Security B 3,000 3,500Total $13,000 $15,500Available-for-sale portfolio:Security D $5,500 $3,000Security E 16,000 17,000Total $21,500 $20,000At what value should the trading securities and the available-for-sale securities be reported on the balance sheet?Trading Securities Available-for-Sale SecuritiesA．$13,000$21,500B．$13,000$20,000C．$15,500$21,500D．$15,500$20,00029．N et accounts receivable is calculated as：A．Sales less sales discounts.B．Accounts receivable plus the allowance for uncollectible accounts.C．Accounts receivable less the allowance for uncollectible accounts.D．Accounts receivable less the bad debts expense..30．W hen the allowance method is used, the entry to write off a customer’s account A．increases bad debts expense.B．has no effect on net accounts receivable. C．decreases net accounts receivable. D．Increases the balance of the allowance for uncollectible accounts.31．W hich of the following statements about the statement of cash flows is true?A．The purchase of a held-to-maturity security is considered an investing activity. B．Collection of interest is an investing activity.C．Sales on account is the largest cash flow from operating activities.D．Loaning money to others is a financing activity.Table 1On December 31, 20X8, Troy Inc., had the following accounts and balances（before adjustment）on its books：Accounts Receivable $80,000Allowance for Uncollectible Accounts 2,000 （credit balance）Net Sales 500,00032．R efer to Table 1. Troy estimates that its Bad Debts Expense is 2% of Net Sales. TheBad Debts Expense for 20X8 should be: A．$10,000B．$12,000C．$8,000D．$1,60033．R efer to Table 1. Troy uses an aging schedule to estimate its uncollectible accounts. The aging schedule and the percentage of each category that is estimated to be uncollectible is given below：Current $40,000 2%1-30 days past due 30,000 10%Over 30 days past due 10,000 40%The balance in the Allowance for Uncollectible Accounts after adjusting should be：A．$2,000 B．$5,800C．$7,800 D．$9,800 34．M artinez Co. paid Acme Co. formerchandise with a $2,000, 90-day, 8% note dated April 1. If Martinez pays off the note at maturity, what entry should Acme make on its books at that time?A．Cash 2,160Notes Receivable 2,160B．Notes Payable 2,000Interest Expense 160Cash2,160C．Cash 2,040Notes Receivable 2,000Interest Revenue40D．Cash 2,160Notes Receivable 2,000Interest Revenue 16035．W hich accounts would be debited andcredited in the entry to record accrued interest on a note receivable?DebitCreditA．Interest RevenueInterest ReceivableB．Interest ReceivableInterest RevenueC．CashInterest RevenueD．Interest ReceivableCash36．G iven the following information, compute the quick ratio.Salary Payable $4,000 Trading investments $10,000 Inventory 100,000 Equipment 96,000 Accounts Receivable 42,000 Cash 14,000 Supplies 8,000 Accounts Payable 62,000A．1 B．2.5C．1.2 D．2.45 37．T eresa Company began the period with 10 units in inventory, costing $5 each. During the period the company purchased 100 units at a cost of $5 each. At the end of the period there were 13 units left on hand. What is the correct amount that should appear on the income statement for the period and on the balance sheet at the end of the period?Income Statement Balance SheetA．Cost of goods sold, $500 Inventory, $550B．Inventory, $485 Cost of goods sold, $550C．Cost of goods sold, $65 Inventory, $485D．Cost of goods sold, $485 Inventory, $6538．S heridan Corp. has $10,000 of goods on hand at August 31, 20X8. Cost of goods soldaverages 40% of sale revenue. Sales for the month of September are budgeted to be $143,000. If ending inventory at the end of September is budgeted to be $10,500, what amount of inventory will Sheridan’s managers need to purchase during September in order to meet this goal?A．$57,700B．$86,300C．$56,700D．Cannot be determined from the information given.Table 2Consider the following data for Reed Company for the current year:UnitsUnit Cost TotalBeginning inventory 55 $10 $550Purchase February 4 22 12 264Purchase May 15 2013 260Purchase October 20 48 15 720Sales during the year, 84 units @ $30 each. 39．R efer to Table 2. What is the weighted-average cost per unit?A．$12.33 B．$12.37C．$12.50 D．$12.48 40．R efer to Table 2. What is the cost of ending inventory, assuming the LIFO method is used?A．$889 B．$905C．$622 D．$1,172 41．R efer to Table 2. What is the cost of goods sold, assuming the FIFO method is used?A．$889 B．$905C．$622 D．$1,172 42．R efer to Table 2. What is Reed Company’s gross profit percentage (rounded) for the year, assuming that ending inventory totaled $685?A．56% B．27%C．40% D．44%43．D uring a period of rising prices, the inventory method that yields the highest net income and the lowest inventory value, respectively, will be:A．LIFO and FIFO.B．Weighted-average and LIFO.C．LIFO and LIFO.D．FIFO and LIFO.44．P ittman Company management omitted $65,000 of inventory when calculating their 20X8 ending inventory. As a result of this error,A．20X9 total assets will be overstated. B．20X9 cost of goods sold will be understated.C．20X8 stockholders’equity will be overstated.D．20X9 net income will be understated. 45．W hich of these statements regarding GAAP as applied to inventories is true?A．The disclosure principle requires that a company disclose the inventories method(s)used.B．According to the consistency principle, the inventory method can never be changed.C．The lower-of-cost-or-market rule states that, in order to be conservative, declines in inventory prices should be recognized in the period in which the goods are actually sold. D．The materiality principle allows GAAP to be ignored when the result is material in amount.46．T he items below represent expenditures related to the construction of a new office building:Cost of land $210,000 Legal fees relating toland purchase$2,000Cost of removing old building 1,000Payment ofdelinquent propertytaxes4,50Grading the site 5,000Payment tocontractor1,000,000Cost of 4,5Interest cost 40,0building permits 00 incurred duringconstruction00Cost of paving parking lot 20,000Cost of fencing 5,00The proper balances for the Land account and the Building account should be:Land BuildingA. $217,000 $1,000,000B.. $213,500 $1,001,000C $222,500 $1,044,500D. $220,500 $1,041,000 47．W hich of the following statements is false?A.A ccelerated depreciation methods recordmore depreciation expense over the life of an asset than either the straight-line method or the units-of-production method.B.The cost of an asset, its residual value, andits estimated useful life are all used in computing depreciation.C.T he units-of-production method is mostappropriate for an asset that wears out due to physical use.D.L and is never depreciated.Table 3On January 1, 20X8, Guard Security Service purchased an alarm monitoring system for $80,000. The system is expected to be used for 4 years, after which it can be sold for $16,000. 48．R efer to Table 3. What is the book value of the equipment of December 31, 20X9, if Guard uses the straight-line method of depreciation?A. $64,000B. $60,000C. $40,000D. $48,00049．R efer to Table 3. If guard uses the double-declining-balance method of depreciation, what is depreciation expense for 20X9?A. $40,000B. $32,000C. $20,000D. $16,00050．R efer to Table 3. If Guard sells the equipment for $20,000 at the end of the four years, the journal entry to record the sale will include all of the following except aA．$20,000 debit to Cash.B．$4,000 credit to Gain on Sale of Equipment.C．$20,000 credit to Equipment. D．$64,000 debit to Accumulated Depreciation.51．W hich of the following statements is false? A．Straight-line depreciation can be used for financial reporting or for income tax purposes.B．Double-declining-balance depreciation is the most commonly used method of depreciation in financial reporting. C．The units-of-production method results in higher depreciation in the years when an asset is more productive and lower depreciation in the years when an asset is less productive.D．Accelerated depreciation creates a cash advantage over straight-line because higher amounts of depreciation are deducted on the tax return in the earlier years of anasset’s life resulting in lower taxes paid. 52．W hich of the following is not accounted for as an intangible asset?A. FranchisesB. GoodwillC. TrademarkD. Research and development53．W hich of the following statements about the statement of cash flows is false? A．Financing activities are not affected by plant asset transactions. B．Depreciation is not a cash flow. C．Amortization of intangibles is added to net income when calculating cash provided by operations.D．The sale of equipment at a loss is recorded as a cash outflow from investing activities.54．F rom the following list of account balances, calculate the correct amount of current liabilities:C$5,000AccountsreceivableAccounts payable 6,300900UnearnedrevenuesRent expense 1,200Sales revenue 46,300Sales tax payable 3,700800Estimatedwarranty payable1,300Note payable,due in 90 daysAccumulated700depreciationA. $12,100B. $61,200C. $13,000D. $59,30055．I f Roman company issues their $500,000, 10% bonds payable at a premium,A.t he debit to Cash is greater than the creditto Bonds Payable.B.The maturity value is greater than thepresent value of the interest and principal payments.C.t he market rate of interest must be lessthan the contract rate of interest.D.B oth A and C are true.56．S ister Company issued bonds payable at a discount and uses the effective-interest method of amortization. Which of these statements correctly describes Sister’s financial statements?A．The carrying amount of the bonds on the balance sheet will decrease each interest period.B．The interest expense each interest period will be greater than the cash paid for interest.C．The interest paid will be a constant percentage of the carrying amount. D．The Discount on Bonds Payable will be added to the liabilities on Sister’s financial statements.57．G reta Corporation has outstanding $600,000 of 5-year,8% bonds payable with a carrying value of $604,000. The bonds are retired at 101.5, 2 years ahead of theirscheduled maturity date. The journal entry to record the retirement will include all of the following except aA．debit to Extraordinary Loss on Retirement of Bonds Payable, $5,000. B．Credit to Cash, $609,000.C．Debit to Bonds Payable, $604,000. D．Debit to Premium on bonds Payable, $4,000.58．W hen a company reports liabilities on its financial statements:A．the fair market value of long-term debt appears as a part of long-term liabilities on the balance sheet.B．Borrowing and repayment of long-term debt appears as a part of investing activities of the statement of cash flows. C．Deferred credits and deferred income taxes may appear as a part of long-term liabilities on the balance sheet.D．Both operating leases and capital leases are a part of the liabilities section on thebalance sheet, and may be either long or short term.Table 4On December 31,20X8, the Orthon Co. reported the following in its comparative financial statement:12/31/20X8 12/31/20X7 10%cumulativepreferred stock, $50$50,000 $50,000 par and redemptionvalue, 2,000 sharesauthorized and ?shares issuedPaid-in capital in4,000 4,000 excess of par-preferred54,000 54,000 Common stock, $2 par,8,000 6,000 20,000 sharesauthorized and4,000(20X4) and3,000(20x3) shareissued and outstandingPaid-in capital in84,000 80,000 excess of par-common92,000 86,000 Total paid-in capital 146,000 140,000 Retained earnings 140,000 110,000 Total stockholders’$286,000 $250,000 equity59．T he number of preferred shares issued and outstanding at the end of 20X8 is :A.8,,000B. 2,000C.1,000D. 50060．R efer to table 4. Assume Orthon had not paid any dividends in 20X5-20X7. In 20X8, Orthon declared cash dividends of $48,000 to both the preferred and common stockholders. The total dividend received by the common stockholders was (assuming the number of preferred shares did not change):A. $48,,000B. $28,000C.$38,000D. $43,00061．R efer to Table 4. Assume net income for 20X8 is $66,000, and there are no dividends inarrears. What is Orthon’s return on common stockholders’ equity for 20X8?A.30.8%B. 28.5%C.24.6%D. 22.8%62．R efer to Table 4. Assume that there are no dividends in arrears. What is Orthon’s book value per share of common stock at the end of 20X8?A. $53B. $56.75C. $58D. $71.5063．W hich of the following transactions increases stockholders’ equity?A.A two-for-one stock splitB.Issuance of stock at a price above par valueC.A 20% stock dividendD.P urchase of treasury stock above par 64．T he journal entry to record the distribution of a large stock dividend would include all of the following except:A. Retained Earnings, debitB. Common Stock, creditC. Paid-in Capital in Excess of Par, creditD. All of the above are included in the entry 65．W hich one of the following statements is true?A. A large stock dividend increases the number of shares issued, but a stock split does not.B. A stock split reduces the market price of the stock, but a large stock dividend does not.C. A stock split does not decrease the par value of the stock, but a large stock dividend does not.D. Both stock splits and stock dividends have no effect on total stockholders’ equity. 66．O lson Inc. purchased 5,000 shares of its own $1 par value common stock for $16 per share. Later, Olson sold 200 shares of the treasury stock for $20 per share. The entry to record the sale of the treasury stock is:A. Cash 4,000Treasury Stock 4,000B. Cash 4,000Treasury Stock 200Paid-in Capital from Treasury Stock Transactions 3,800C. Cash 4,000Treasury Stock 3,200Paid-in Capital from Treasury Stock Transactions 800D. Cash 4,000Common Stock 200Gain on Sale of Stock 3,80067．W hich of the following transactions would not be found on the statement of cash flows? A．Declaration of a cash dividend B．Purchase of treasury stock above parC．Issuance of preferred stock at a price above parD．Sale of treasury stock at a price below the cost。
ACCA《财务成本管理基础》练习题
5，已知：某公司只销售一种产品，2009年单 位变动成本为12元/件，变动成本总额为 60000元，共获利润18000元，若该公司计 划于2010年维持销售单价不变，边际贡献 率仍维持2009年的60%，固定成本维持不 变。 要求：（1）计算2009年的保本点； （2）如果预计2010年实际可销售6000件， 预测2010年的安全边际； （2）若2010年的计划销售量比2000年提高 8%，则可获得多少利润？
7，某厂全年需要甲零件30000个，生产甲的 设备日产量100个，每天要领用60个，每次 调整准备成本800元；单位零件的变动生产 成本是5元/个，全年的单位甲零件储存成本 5元，请计算该厂甲零件的最优生产批量。
8.长江公司产销A产品，期初存货为0，本年度 计划产销10000件，相应的计划成本资料如 下：直接材料2元/件，直接人工3元/件，单 位变动制造费用3元/件，单位固定制造费用 4元/件，单位变动管理及营业费用1元/件， 单位固定管理及营业费用2元/件，单价20元/ 件；本年度实际生产了11000件(未突破相关 范围)，卖出了9000件。 要求：请分别用完全成本法和变动成本法计算 本年度A产品的实际单位生产成本、生产成 本总额、期总经理的决定是否有利于企业？请给出
计算和说明。 2）请描述一种更有用的利润表形式。 3）如果公司不接受这笔订单，这笔订单将 会被竞争对手夺取，并会造成对正常销量 的影响，会使下个季度产销量降低20%，此 时企业应否接受该笔订单？
案例分析2：
某制鞋厂生产一种高级室内拖鞋，年生产能力为 100000双，根据销售预测编制的计划年度损益表 （简表）如下：
financialaccounting习题答案文档
Chapter. 11-1As in many ethics issues, there is no one right answer. The local newspaper reported on this issue in these terms: "The company covered up the first report, and the local newspaper uncovered the company's secret. The company was forced to not locate here (Collier County). It became patently clear that doing the least that is legally allowed is not enough."1-21. B2. B3. E4. F5. B6. F7. X 8. E 9. X 10. B1-3a. $96,500 ($25,000 + $71,500)b. $67,750 ($82,750 – $15,000)c. $19,500 ($37,000 – $17,500)1-4a. $275,000 ($475,000 – $200,000)b. $310,000 ($275,000 + $75,000 – $40,000)c. $233,000 ($275,000 – $15,000 – $27,000)d. $465,000 ($275,000 + $125,000 + $65,000)e. Net income: $45,000 ($425,000 – $105,000 – $275,000)1-5a. owner's equityb.liabilityc.assetd.assete.owner's equityf. asset 1-6a. Increases assets and increases owner’s equity.b. Increases assets and increases owner’s equity.c. Decreases assets and decreases owner’s equity.d. Increases assets and increases liabilities.e. Increases assets and decreases assets.1-71. increase2. decrease3.increase4. decrease1-8a. (1) Sale of catering services for cash, $25,000.(2) Purchase of land for cash, $10,000.(3) Payment of expenses, $16,000.(4) Purchase of supplies on account, $800.(5) Withdrawal of cash by owner, $2,000.(6) Payment of cash to creditors, $10,600.(7) Recognition of cost of supplies used, $1,400.b. $13,600 ($18,000 – $4,400)c. $5,600 ($64,100 – $58,500)d. $7,600 ($25,000 – $16,000 – $1,400)e. $5,600 ($7,600 – $2,000)1-9It would be incorrect to say that the business had incurred a net loss of $21,750. The excess of the withdrawals over the net income for the period is a decrease in the amount of owner’s equity in the business.1-10Balance sheet items: 1, 3, 4, 8, 9, 101-11Income statement items: 2, 5, 6, 71-12MADRAS COMPANYStatement of Owner’s EquityFor the Month Ended April 30, 2006Leo Perkins, capital, April 1, 2006 ............................. $297,200 Net income for the month ........................................... $73,000Less withdrawals ........................................................ 12,000Increase in owner’s equity ......................................... 61,000Leo Perkins, capital, April 30, 2006 ........................... $358,2001-13HERCULES SERVICESIncome StatementFor the Month Ended November 30, 2006Fees earned ................................................................. $232,120 Operating expenses:Wages expense ........................................................ $100,100Rent expense ........................................................... 35,000Supplies expense .................................................... 4,550Miscellaneous expense ........................................... 3,150Total operating expenses ................................... 142,800 Net income ................................................................... $ 89,3201-14Balance sheet: b, c, e, f, h, i, j, l, m, n, oIncome statement: a, d, g, k1-151. b–investing activity2.a–operating activity3. c–financing activity4.a–operating activity1-16a. 2003: $10,209 ($30,011 – $19,802)2002: $8,312 ($26,394 – $18,082)b. 2003: 0.52 ($10,209 ÷ $19,802)2002: 0.46 ($8,312 ÷ $18,082)c. The ratio of liabilities to stockholders’ equity increased from 2002 to 2003,indicating an increase in risk for creditors. However, the assets of The Home Depot are more than sufficient to satisfy creditor claims. Chapter. 22-1AccountAccount NumberAccounts Payable 21Accounts Receivable 12Cash 11Corey Krum, Capital 31Corey Krum, Drawing 32Fees Earned 41Land 13Miscellaneous Expense 53Supplies Expense 52Wages Expense 512-2Balance Sheet Accounts Income Statement Accounts1. Assets11 Cash12 Accounts Receivable13 Supplies14 Prepaid Insurance15 Equipment2. Liabilities21 Accounts Payable22 Unearned Rent3. Owner's Equity 31 Millard Fillmore, Capital32 Millard Fillmore, Drawing4. Revenue41 Fees Earned5. Expenses51 Wages Expense52 Rent Expense53 Supplies Expense59 Miscellaneous Expense2-3a. andb.Account Debited Account Credited Transaction Type Effect Type Effect(1) asset + owner's equity +(2) asset + asset –(3) asset + asset –liability +(4) expense + asset –(5) asset + revenue +(6) liability –asset –(7) asset + asset –(8) drawing + asset –(9) expense + asset –Ex. 2–4(1) Cash ...................................................................... 40,000Ira Janke, Capital ............................................ 40,000(2) Supplies ............................................................... 1,800Cash ................................................................ 1,800(3) Equipment ............................................................ 24,000Accounts Payable .......................................... 15,000Cash ................................................................ 9,000(4) Operating Expenses ............................................ 3,050Cash ................................................................ 3,050(5) Accounts Receivable .......................................... 12,000Service Revenue ............................................ 12,000(6) Accounts Payable ................................................ 7,500Cash ................................................................ 7,500(7) Cash ...................................................................... 9,500Accounts Receivable ..................................... 9,500(8) Ira Janke, Drawing ............................................... 5,000Cash ................................................................ 5,000(9) Operating Expenses ............................................ 1,050Supplies .......................................................... 1,050 2-51. debit and credit (c)2. debit and credit (c)3. debit and credit (c)4. credit only (b)5. debit only (a)6. debit only (a)7. debit only (a)2-6a. Liability—credit f. Revenue—creditb. Asset—debit g. Asset—debitc. Asset—debit h. Expense—debitd. Owner's equity i. Asset—debit(Cindy Yost, Capital)—credit j. Expense—debite. Owner's equity(Cindy Yost, Drawing)—debit2-7a. credit g. debitb. credit h. debitc. debit i. debitd. credit j. credite. debit k. debitf. credit l. credit2-8a. Debit (negative) balance of $1,500 ($10,500 – $4,000 – $8,000). Such anegative balance means that the liabilities of Seth’s businessexceed the assets.b. Yes. The balance sheet prepared at December 31 will balance, withSeth Fite, Capital, being reported in the owner’s equity section as anegative $1,500.2-9a. The increase of $28,750 in the cash account does not indicateearnings of that amount. Earnings will represent the net change inall assets and liabilities from operating transactions.b. $7,550 ($36,300 – $28,750)2-10a. $40,550 ($7,850 + $41,850 – $9,150)b. $63,000 ($61,000 + $17,500 – $15,500)c. $20,800 ($40,500 – $57,700 + $38,000)2-112005Aug. 1 Rent Expense ....................................................... 1,500Cash ................................................................ 1,5002 Advertising Expense (700)Cash (700)4 Supplies ............................................................... 1,050Cash ................................................................ 1,0506 Office Equipment ................................................. 7,500Accounts Payable .......................................... 7,5008 Cash ...................................................................... 3,600Accounts Receivable ..................................... 3,60012 Accounts Payable ................................................ 1,150Cash ................................................................ 1,15020 Gayle McCall, Drawing ........................................ 1,000Cash ................................................................ 1,00025 Miscellaneous Expense (500)Cash (500)30 Utilities Expense (195)Cash (195)31 Accounts Receivable .......................................... 10,150Fees Earned .................................................... 10,15031 Utilities Expense (380)Cash (380)2-12a.JOURNAL Page 43Post.Date Description Ref. Debit Credit 2006Oct. 27 Supplies .................................................. 15 1,320Accounts Payable .............................. 21 1,320 Purchased supplies on account.b.,c.,d.Supplies 15Post.BalanceDate Item Ref. Dr. Cr. Dr. Cr. 2006Oct. 1 Balance ................................. ✓ ........... ........... 585 ...........27 ............................................... 43 1,320 ........... 1,905 ........... Accounts Payable 21 2006Oct. 1 Balance ................................. ✓ ........... ........... ........... 6,15027 ............................................... 43 ........... 1,320 ........... 7,4702-13Inequality of trial balance totals would be caused by errors described in(b) and (d).2-14ESCALADE CO.Trial BalanceDecember 31, 2006Cash ................................................................... 13,375Accounts Receivable ......................................................... 24,600Prepaid Insurance .............................................................. 8,000Equipment .......................................................................... 75,000Accounts Payable .............................................................. 11,180 Unearned Rent ................................................................... 4,250 Erin Capelli, Capital ........................................................... 82,420 Erin Capelli, Drawing ......................................................... 10,000Service Revenue ................................................................ 83,750 Wages Expense .................................................................. 42,000Advertising Expense ......................................................... 7,200 Miscellaneous Expense ..................................................... 1,425 181,600 181,6002-15a. Gerald Owen, Drawing ........................................ 15,000Wages Expense .............................................. 15,000b. Prepaid Rent ........................................................ 4,500Cash ................................................................ 4,500 2-16题目的资料不全, 答案略.2-17a. KMART CORPORATIONIncome StatementFor the Years Ending January 31, 2000 and 1999(in millions)Increase (Decrease)2000 1999 Amount Percent1. Sales .................................................. $ 37,028 $ 35,925 $ 1,103 3.1%2. Cost of sales ..................................... (29,658) (28,111) 1,547 5.5%3. Selling, general, and admin.expenses ..................................................... (7,415) (6,514) 901 13.8%4. Operating income (loss)before taxes ................................................. $ (45) $ 1,300 $(1,345) (103.5%) b. The horizontal analysis of Kmart Corporation reveals deterioratingoperating results from 1999 to 2000. While sales increased by $1,103million, a 3.1% increase, cost of sales increased by $1,547 million, a5.5% increase. Selling, general, and administrative expenses alsoincreased by $901 million, a 13.8% increase. The end result was thatoperating income decreased by $1,345 million, over a 100%decrease, and created a $45 million loss in 2000. Little over a yearlater, Kmart filed for bankruptcy protection. It has now emerged frombankruptcy, hoping to return to profitability.3-11. Accrued expense (accrued liability)2. Deferred expense (prepaid expense)3. Deferred revenue (unearned revenue)4. Accrued revenue (accrued asset)5. Accrued expense (accrued liability)6. Accrued expense (accrued liability)7. Deferred expense (prepaid expense)8. Deferred revenue (unearned revenue)3-2Supplies Expense (801)Supplies (801)3-3$1,067 ($118 + $949)3-4a. Insurance expense (or expenses) will be understated. Net income willbe overstated.b. Prepaid insurance (or assets) w ill be overstated. Owner’s equity willbe overstated.3-5a.Insurance Expense ............................................................ 1,215Prepaid Insurance ............................................... 1,215 b.Insurance Expense ............................................................ 1,215Prepaid Insurance ............................................... 1,2153-6Unearned Fees ...................................................................... 9,570Fees Earned ......................................................... 9,5703-7a.Salary Expense .................................................................. 9,360Salaries Payable .................................................. 9,360 b.Salary Expense .................................................................. 12,480Salaries Payable .................................................. 12,480 3-8$59,850 ($63,000 – $3,150)3-9$195,816,000 ($128,776,000 + $67,040,000)3-10Error (a) Error (b)Over- Under- Over- Under-stated stated stated stated1. Revenue for the year would be ............... $ 0 $6,900 $ 0 $ 02. Expenses for the year would be ............. 0 0 0 3,7403. Net income for the year would be .......... 0 6,900 3,740 04. Assets at December 31 would be ........... 0 0 0 05. Liabilities at December 31 would be ...... 6,900 0 0 3,7406. Owner’s equity at D ecember 31would be ................................................... 0 6,900 3,740 03-11$175,840 ($172,680 + $6,900 – $3,740)3-12a.Accounts Receivable ......................................................... 11,500Fees Earned ......................................................... 11,500 b. No. If the cash basis of accounting is used, revenues are recognizedonly when the cash is received. Therefore, earned but unbilledrevenues would not be recognized in the accounts, and no adjustingentry would be necessary.3-13a. Fees earned (or revenues) will be understated. Net income will beunderstated.b. Accounts (fees) receivable (or assets) will be u nderstated. Owner’sequity will be understated.3-14Depreciation Expense .......................................................... 5,200Accumulated Depreciation ................................. 5,200 3-15a. $204,600 ($318,500 – $113,900)b. No. Depreciation is an allocation of the cost of the equipment to theperiods benefiting from its use. It does not necessarily relate to valueor loss of value.3-16a. $2,268,000,000 ($5,891,000,000 – $3,623,000,000)b. No. Depreciation is an allocation method, not a valuation method.That is, depreciation allocates the cost of a fixed asset over its usefullife. Depreciation does not attempt to measure market values, whichmay vary significantly from year to year.3-17a.Depreciation Expense ....................................................... 7,500Accumulated Depreciation ................................. 7,500 b. (1) Depreciation expense would be understated. Net income wouldbe overstated.(2) Accumulated depreciation would be understated, and total assetswould be overstated. Owner’s equity would be ove rstated.3-181.Accounts Receivable (4)Fees Earned (4)2.Supplies Expense (3)Supplies (3)3.Insurance Expense (8)Prepaid Insurance (8)4.Depreciation Expense (5)Accumulated Depreciation—Equipment (5)5.Wages Expense (1)Wages Payable (1)3-19a. Dell Computer CorporationAmount Percent Net sales $35,404,000 100.0Cost of goods sold (29,055,000) 82.1Operating expenses (3,505,000) 9.9Operating income (loss) $ 2,844,000 8.0b. Gateway Inc.Amount Percent Net sales $ 4,171,325 100.0Cost of goods sold (3,605,120) 86.4Operating expenses (1,077,447) 25.8Operating income (loss) $ (511,242) (12.2)c. Dell is more profitable than Gateway. Specifically, Dell’s cost ofgoods sold of 82.1% is significantly less (4.3%) than Gateway’s costof goods sold of 86.4%. In addition, Gateway’s operating expensesare over one-fourth of sal es, while Dell’s operating expenses are9.9% of sales. The result is that Dell generates an operating incomeof 8.0% of sales, while Gateway generates a loss of 12.2% of sales.Obviously, Gateway must improve its operations if it is to remain inbusiness and remain competitive with Dell.4-1e, c, g, b, f, a, d4-2a. Income statement: 3, 8, 9b. Balance sheet: 1, 2, 4, 5, 6, 7, 104-3a. Asset: 1, 4, 5, 6, 10b. Liability: 9, 12c. Revenue: 2, 7d. Expense: 3, 8, 114-41. f2. c3. b4. h5. g6. j7. a8. i9. d10. e4–5ITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006AdjustedTrial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr.1Cash 8 8 1 2Accounts Receivable 50 (a) 7 57 2 3Supplies 8 (b) 5 3 3 4Prepaid Insurance 12 (c) 6 6 4 5Land 50 50 5 6Equipment 32 32 6 7Accum. Depr.—Equip. 2 (d) 5 7 7 8Accounts Payable 26 26 8 9Wages Payable 0 (e) 1 1 9 10Terry Dagley, Capital 112 112 10 11Terry Dagley, Drawing 8 8 11 12Fees Earned 60 (a) 7 67 12 13Wages Expense 16 (e) 1 17 13 14Rent Expense 8 8 1415Insurance Expense 0 (c) 6 6 15 16Utilities Expense 6 6 16 17Depreciation Expense 0 (d) 5 5 17 18Supplies Expense 0 (b) 5 5 18 19Miscellaneous Expense 2 2 19 20Totals 200 200 24 24 213 213 20 ContinueITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006Adjusted Income BalanceTrial Balance StatementSheetAccount Title Dr. Cr. Dr. Cr. Dr. Cr.1Cash 8 8 1 2Accounts Receivable 57 57 2 3Supplies 3 3 3 4Prepaid Insurance 6 6 4 5Land 50 50 5 6Equipment 32 32 6 7Accum. Depr.—Equip. 7 7 7 8Accounts Payable 26 26 8 9Wages Payable 1 1 9 10Terry Dagley, Capital 112 112 10 11Terry Dagley, Drawing 8 8 11 12Fees Earned 67 67 12 13Wages Expense 17 17 13 14Rent Expense 8 8 14 15Insurance Expense 6 6 15 16Utilities Expense 6 6 16 17Depreciation Expense 5 5 17 18Supplies Expense 5 5 18 19Miscellaneous Expense 2 2 19 20Totals 213 213 49 67 164 146 20 21Net income (loss) 18 1821 2267 67 164 164 22 4-6ITHACA SERVICES CO.Income StatementFor the Year Ended January 31, 2006Fees earned ........................................................................ $67Expenses:Wages expense ........................................................... $17Rent expense (8)Insurance expense (6)Utilities expense (6)Depreciation expense (5)Supplies expense (5)Miscellaneous expense (2)Total expenses ........................................................49Net income ......................................................................... $18ITHACA SERVICES CO.Statement of Owner’s EquityFor the Year Ended January 31, 2006Terry Dagley, capital, February 1, 2005 ............................ $112Net income for the year ..................................................... $18Less withdrawals (8)Increase in owner’s equity................................................10Terry Dagley, capital, January 31, 2006 ........................... $122ITHACA SERVICES CO.Balance SheetJanuary 31, 2006Assets LiabilitiesCurrent assets: Current liabilities:Cash ............................. $ 8 Accounts payable ....... $26Accounts receivable ... 57 Wages payable (1)Supplies ....................... 3 Total liabilities ......... $ 27 Prepaid insurance . (6)Total current assets . $ 74Property, plant, and Owner’s E quity equipment: Terry Dagley, capital (122)Land ............................. $50Equipment ................... $32Less accum. depr........ 7 25Total property, plant,and equipment 75 Total liabilities andTotal assets ..................... $149 owner’s equity.......... $1494-72006Jan. 31 Accounts Receivable (7)Fees Earned (7)31 Supplies Expense (5)Supplies (5)31 Insurance Expense (6)Prepaid Insurance (6)31 Depreciation Expense (5)Accumulated Depreciation—Equipment (5)31 Wages Expense (1)Wages Payable (1)4-82006Jan. 31 Fees Earned (67)Income Summary (67)31 Income Summary (49)Wages Expense (17)Rent Expense (8)Insurance Expense (6)Utilities Expense (6)Depreciation Expense (5)Supplies Expense (5)Miscellaneous Expense (2)31 Income Summary (18)Terry Dagley, Capital (18)31 Terry Dagley, Capital (8)Terry Dagley, Drawing (8)4-9SIROCCO SERVICES CO.Income StatementFor the Year Ended March 31, 2006Service revenue .................................................................$103,850Operating expenses:Wages expense ........................................................... $56,800Rent expense .............................................................. 21,270Utilities expense ......................................................... 11,500Depreciation expense ................................................. 8,000Insurance expense ..................................................... 4,100Supplies expense ....................................................... 3,100Miscellaneous expense .............................................. 2,250Total operating expenses ............................ 107,020Net loss .............................................................................. $ (3,170)4-10SYNTHESIS SYSTEMS CO.Statement of Owner’s EquityFor the Year Ended October 31, 2006Suzanne Jacob, capital, November 1, 2005 ..................... $173,750 Net income for year ........................................................... $44,250 Less withdrawals ............................................................... 12,000 Increase in owner’s equity................................................32,250Suzanne Jacob, capital, October 31, 2006 ....................... $206,0004-11a. Current asset: 1, 3, 5, 6b. Property, plant, and equipment: 2, 44-12Since current liabilities are usually due within one year, $165,000 ($13,750 ×12 months) would be reported as a current liability on the balance sheet. The remainder of $335,000 ($500,000 – $165,000) would be reported as a long-term liability on the balance sheet.4-13TUDOR CO.Balance SheetApril 30, 2006Assets LiabilitiesCurrent assets Current liabilities:Cash $31,500 Accounts payable $9,500Accounts receivable ....................... 21,850 Salaries payable1,750Supplies................................................. 1,800 Unearned fees1,200Prepaid insurance ................................ 7,200 Total liabilities$12,450Prepaid rent ........................................... 4,800Total current assets $67,150 Owner’s EquityProperty, plant, and equipment: Vernon Posey, capital 114,200 Equipment ......................................... $80,600Less accumulated depreciation 21,100 59,500 Total liabilities andTotal assets $126,650 owner’s equity $126,6504-14Accounts Receivable ............................................................ 4,100Fees Earned .................................................... 4,100 Supplies Expense ................................................ 1,300Supplies .......................................................... 1,300 Insurance Expense .............................................. 2,000Prepaid Insurance .......................................... 2,000 Depreciation Expense ......................................... 2,800Accumulated Depreciation—Equipment ...... 2,800 Wages Expense ................................................... 1,000Wages Payable ............................................... 1,000 Unearned Rent ..................................................... 2,500Rent Revenue ................................................. 2,500 4-15c. Depreciation Expense—Equipmentg. Fees Earnedi. Salaries Expensel. Supplies Expense4-16The income summary account is used to close the revenue and expense accounts, and it aids in detecting and correcting errors. The $450,750represents expense account balances, and the $712,500 representsrevenue account balances that have been closed.4-17a.Income Summary ............................................................... 167,550Sue Alewine, Capital ........................................... 167,550 Sue Alewine, Capital ............................................................. 25,000Sue Alewine, Drawing ......................................... 25,000 b. $284,900 ($142,350 + $167,550 – $25,000)4-18a. Accounts Receivableb. Accumulated Depreciationc. Cashe. Equipmentf. Estella Hall, Capitali. Suppliesk. Wages Payable4-19a. 2002 2001Working capital ($143,034) ($159,453)Current ratio 0.81 0.80b. 7 Eleven has negative working capital as of December 31, 2002 and2001. In addition, the current ratio is below one at the end of bothyears. While the working capital and current ratios have improvedfrom 2001 to 2002, creditors would likely be concerned about theability of 7 Eleven to meet its short-term credit obligations. Thisconcern would warrant further investigation to determine whetherthis is a temporary issue (for example, an end-of-the-periodphenomenon) and the company’s plans to address its workingcapital shortcomings.4-20a. (1) Sales Salaries Expense ............................................. 6,480Salaries Payable ................................................... 6,480(2) Accounts Receivable ................................................. 10,250Fees Earned .......................................................... 10,250b. (1) Salaries Payable ......................................................... 6,480Sales Salaries Expense ........................................ 6,480(2) Fees Earned ................................................................ 10,250Accounts Receivable ............................................ 10,250 4-21a. (1) Payment (last payday in year)(2) Adjusting (accrual of wages at end of year)(3) Closing(4) Reversing(5) Payment (first payday in following year)b. (1) Wages Expense .......................................................... 45,000Cash ....................................................................... 45,000(2) Wages Expense .......................................................... 18,000Wages Payable ...................................................... 18,000(3) Income Summary ....................................................... 1,120,800Wages Expense .................................................... 1,120,800(4) Wages Payable ........................................................... 18,000Wages Expense .................................................... 18,000(5) Wages Expense .......................................................... 43,000Cash ....................................................................... 43,000 Chapter6（找不到答案，自己处理了哦）Ex. 8–1a. Inappropriate. Since Fridley has a large number of credit salessupported by promissory notes, a notes receivable ledger should bemaintained. Failure to maintain a subsidiary ledger when there are asignificant number of notes receivable transactions violates theinternal control procedure that mandates proofs and security.Maintaining a notes receivable ledger will allow Fridley to operatemore efficiently and will increase the chance that Fridley will detectaccounting errors related to the notes receivable. (The total of theaccounts in the notes receivable ledger must match the balance ofnotes receivable in the general ledger.)b. Inappropriate. The procedure of proper separation of duties isviolated. The accounts receivable clerk is responsible for too many。
ACCA《财务成本管理基础》练习题
(注：表中制造费用、管理费用中的80%是固定 成本)
项目 销售收入 销售成本 其中：直接材料 生产工人计件工资 制造费用
销售税金及附加 （售价的4%） 门市销售计件工资 管理费用 税前利润
单位产品 10 7.725 4.025 0.575 3.125 0.4 0.5 1.00 0.375
全部产品（8万双） 800000 618000 322000 46000 250000 32000 40000 80000 30000
其中，制造费用中有一项是机器设备折旧 费，全年共180000元，按月平均分摊；其 余制造费用随产量而变动；销售税金及附 加按销售价格的2%计算得出；营业及管理 费用全部是固定成本，全年共120000元， 也是按月平均分摊。假设每月的产销量相 等，不考虑其它费用。
此时，销售经理收到一份特殊订单：5000盏 灯，每盏灯的价格是13元。他就这一订单 请示总经理，总经理抱怨说：“这价格确 实太低了！这个价格还不够弥补成本，更 何况为生产这盏灯还要花费2000元的设计 费！就算它不会对正常生产和销售产生影 响，我们也不能接受这笔订单。我们已经 亏损了，接受它，只会对企业造成更大的 亏损！”
年初东方宾馆直接来厂订货30000双，但 每双只出价7.5元，而且必须一次全部购置，否 则不要。此项业务不会影响市场上的正常需要 量。 对东方宾馆订货，厂长认为对方出价低于 每双的成本，而且还影响了正常生产能力，可 能造成亏损，不应接受。 生产科长算了一笔帐，认为即是减少正常 销售10000双，接收这笔订单仍然有利可图。 销售科长认为正常销售量应该保证，接受 这笔订单后，不足的生产能力可采取加班的方 法弥补。但每双要支付额外加班费1.8元，其它 费用不变。
案例分析1：
光明公司是一家灯具生产厂，全年的最大生 产能力是40000盏灯。该公司的总经理近日 心情不好，因为他才阅读了一份本年度1— —9月份的会计报表，如下：
ACCA财务管理基础练习题及答案
《财务成本管理基础》练习题一，单项选择题：1，企业发行债券，在名义利率相同的情况下,对其比较有利的复利计息期是（）。
A一年 B半年 C一季 D一月2，某投资方案的年营业收入为100万元，年营业支出为60万元(不包括所得税)，其中折旧为10万元，所得税率为40％，该方案每年的营业现金净流量为（）。
A 42万元B 56万元C 34万元D 28万元3，对于长期投资决策而言，下列各种说法中不正确的是（）。
A按收付实现制计算的现金流量比按权责发生制计算的净收益更加可靠B利用净现值不能揭示某投资方案可能达到的实际报酬率C分别利用净现值、内含报酬率、投资回收期、现值指数法进行项目评价时，结果可能不一致。
D投资回收期和会计收益率法都没有考虑回收期满以后的现金流量状况4，某企业编制“生产预算”，预计第一季度期初存货为120件；预计销售量第一季度为1500件，第二季度1600件；预计年末存货150件。
该企业存货量通常按下期销售量的10％比例安排期末存货，则“生产预算”中第一季度的预计生产量为（）。
A 1540件B 1460件C 810件D 1530件5，下列公式中不正确的是（）。
A利润=安全边际×边际贡献率 B 安全边际率十盈亏临界点作业率= lC安全边际率十边际贡献率=1 D 正常销售量一盈亏临界点销售量=安全边际6，敏感系数所具有的性质是（）。
A敏感系数为正数，参量值与目标值发生同向变化B只有敏感系数大于1的参量才是敏感因素C敏感系数为负数，参量值与目标值发生同向变化D只有敏感系数小于1的参量才是敏感因素7，降低保本点的办法是（）。
A降低销售量 B减少固定成本 C降低售价 D提高预计利润8，企业全面预算的出发点及各种预算的基础是（）。
A生产预算 B销售预算 C现金预算D直接人工预算9，A方案在三年内每年年初付款500元，B方案在三年内每年年未付款500元，若贴现率为10％，则两个方案第三年年末时的终值相差（）。
ACCA经典练习题答案
A contractual right to exchange financial instruments with another enterprise under conditions that are potentially favorable.
Definition
–––– 703 53
nil 45
––––
45
308 12 50
––––
370 1171
Consolidated balance sheet
Non-current Assets
Goodwill
40
Property, plant and equipment 633
Investments – in Salvador
Minority interest Non-current liabilities Deferred tax
Current liabilities Trade payables Bank overdraft Current tax payable
Equity and liabilities
400 40 15 248 –––– 703 53
Value of debt----present value of the cash will be received
1.Choose the coupon rate of normal loan note :10% as discount rate
2. PV of interest:
annual interest: 3m X 0.06
40
additional dep.
( 5)
265
minority % x20%
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一、复习思考题1．按2006年新颁会计准则,会计核算有哪些前提？其作用是什么？2．财务会计对会计信息质量保证的要求有哪些？3．财务会计工作规范体系包括哪些内容？具体如何实施？二、填空题1．财务会计的基本前提主要包括。
2．我国企业会计准则规定，企业的会计核算应当以为记帐基础。
3．会计提供信息要以为主要计量尺度。
4．我国企业会计准则规定，在我国境内的企业应以为记帐本位币5．会计要素的核算主要解决 _____ 等三方面的问题。
6．反映财务状况的会计等式为；反映经营成果的会计等式为。
7．我国企业会计准则规定，企业应以作为会计年度。
8．会计期间通常一年,称为。
9．会计等式揭示了之间的关系，它是、和的理论依据。
10．企业会计制度根据企业生产经营活动的特点以及会计报表要素，将会计科目分为、、、与五大类。
11.实际工作中，常用的帐务处理程序有、、、与 __________五种。
我国会计人员惯用的是和两种。
12.一项信息是否有相关性取决的因素包括、。
13.收益性支出在会计处理上计入要素项目，而资本性支出计入要素项目。
三、单选题1．会计主体与法律主体一般是（）①两个不相关的概念②两个不能相互代替的概念③一致的④有区别的2．会计核算进行分期的主要目的是（）①贯彻权责发生制②分阶段确定经营成果③贯彻一致性原则④贯彻谨慎性原则3．会计机构、会计人员对本单位实行会计监督所应负的责任是（）①行政责任②本职工作责任③对厂长负责④法律责任4．我国企业会计准则、具体会计准则是由（）负责制定①企业主管部门②财政部门③国务院④企业自身5．某企业的存货计价前年采用先进先出法，去年改用移动加权平均法，今年又改用加权平均法。
该企业的做法主要违背了（）原则①客观性②谨慎性③可比性④配比原则复习思考题1．企业使用现金的范围是如何规定的，企业应如何加强对现金的控制管理？2．目前我国银行的结算方式有哪几种，哪些适合同城交易结算，哪些适合异地交易结算？3．什么是其他货币资金，会计报表中如何列示？？〖根据下列业务编制会计分录〗1．开出现金支票一张提取现金2389元。
2．购入A公司股票2000股,不打算长期持有，每股10元，另以现金支付经纪人佣金1000元。
3．销售产品收到转帐支票一张，金额15，000元（含税）。
4．以现金支付职工的社会保障基金2800元。
5．行政部门购买办公用品190元，支付现金予以报销。
6．以现金支付市内交通费50元。
7．采购员赵琪在上海设立采购专户，向银行送交汇款委托书并存入55000元。
8．以现金报销职工药费1450元。
9.厂办公室领用定额备用金3000元。
10.李大全报销差旅费7500元，不足金额以现金补付。
11.月末清查库存现金，帐存4580元，实存2800元，原因待查。
12..经查明原因，上述现金短款业务系采购员邓小援少开一张预借差旅费的借款单。
13.企业为分散经营风险,划出500万元至证券交易机构设置证券投资专户.14.对甲乙两部门分别实行定额与非定额备用金管理，以现金分别预付5000元。
15.甲部门备用金经手人报销市内交通费135元，当即如数以现金补足。
16.乙部门备用金经手人报销市内交通费98元，学习资料费70元，当即予以报销并转帐。
1．现金折扣条件下，应收帐款如何进行核算？2．什么是坏帐？坏帐准备的计提范围和计提方法有何规定？3．应收票据的入帐价值怎么确定？4．带息票据贴现和不带息票据贴现的主要区别是什么？5．其他应收款主要核算哪些内容？6．交易性金融资产核算的主要内容有哪些?1．销售给C公司原材料一批，计6800元（含税），收到对方开出的一张承兑期为三个月的商业汇票。
2．向B公司购材料一批，价款7000元（含税），交包装物押金150元，以转帐支票付讫。
3．应收甲单位的商业汇票到期，金额4000元，收妥入帐。
4．赊销给B公司的产品，价值18000元，增值税款3060元。
10天以后，因质量问题对方提出退货。
经双方协商，在价格上按5％予以折让，约定5天以后购买方支付货款。
5.将C公司已开出的不带息票据10000元向银行贴现，票据到期时，C公司无力偿付票据，当时本企业银行存款只有8000元，不足额银行视作短期借款，并收取1‰的罚息。
6．2007年1月20日，某公司按每股3.8元的价格购入每股面值1元的B公司股票50 000股作为交易性金融资产，并支付交易税费1200元。
本年3月5日，B公司宣告分派每股0.20元的现金股利，并于当年4月10日发放。
当年9月20日，该公司将该股票转让，取得转让收入220 000元。
7．某公司于每年年末对交易性金融资产按公允价值计量。
2007年12月31日，该公司作为交易性金融资产持有的C公司股票帐面金额为680 000元。
假定C公司股票期末公允价值分别为520 000元、750 000元的情况下，该公司应如何编制有关会计分录。
〖计算并编制会计分录〗1.按应收帐款余额的10%计提坏帐准备。
丰华实业公司19×2应收帐款余额500000 元；19×3年发生坏帐1300元，其中A公司1000元，B公司300元，年末应收帐款余额600000元；19×4年收回上年度已注销的B公司坏帐300元，年末应收帐款余额为450000元。
2.销售商品收到两张10月10日开出的票据，面值均为10000元，六个月到期。
一张票据不带息，另一张票据年利率6％。
①12月10日将两张票据向银行贴现，贴现率8％。
计算两票据的贴现所得额及其贴息。
②若第二年4月10日，票据到期，不带息票据获承兑，带息票据被拒付。
应如何处理该业务。
3.2007年2月25日，某公司支付560 000元购入当日发行的面值500 000元，期限5年、票面利率8%、每年12月31日付息、到期还本的债券作为持有至到期投资。
作出债券投资至到期的有关业务进行处理。
4．2007年7月1日，某公司支付价款105 000元(含已到付息期但尚未支付的债券利息和相关税费)，购入2006年7月1日发行、面值100 000元、期限4年、票面利率6%、每年1月1日和7月1日付息、到期一次还本的A 公司债券作为可供出售金融资产。
2007年12月31日，债券的公允价值为101000元，08年末公允价值为102500元。
2009年9月1日，该公司将A 公司债券出售，取得转让收入102800元。
对相关业务进行处理。
1．什么是存货？它包括哪些内容？2．存货按实际成本核算时发出计价方法有哪些？每种方法各有什么特点？3. 周转材料的核算范围有哪些？如何对周转材料进行核算？4．包装物包括哪些内容，核算内容有哪些？5．低值易耗品有哪些摊销方法，各有哪些优缺点？6．存货清查的结果应如何进行帐务处理？7．期末存货按成本与可变现净值孰低法计价如何进行会计处理？1．以银行存款14040元购入甲材料3000件，单价4元，增值税为2040元。
材料已验收入库。
2．以银行存款购入甲材料2000件单价4元，增值税1360元，尚未入库。
3．上述甲材料2000件的外地运费200元，以银行存款付讫。
4．甲材料2000件入库，实收1800件，少200件系发货方少运。
5．以现金30元支付市内运输费。
6．前已付款的乙材料1000件到厂，单价5元，验收入库990件，缺少系途中合理损耗。
7．以银行存款购入原料一批，实际成本30000元（不含税），计划成本29500元，已验收入库。
8.上月在途材料800元，今到达验收入库计划成本860元。
9.基本生产车间生产产品领用原料1000千克，计划成本50000元，该材料成本差异率为－2％。
10.企业对材料进行全面盘点，盘存结果如下：甲材料盘盈5吨，计划单价800元，经查明原因系计量不准造成；乙材料盘亏20吨，计划单价400元，系定额内自然损耗。
材料成本差异率为2％。
〖计算并编制会计分录〗1．原材料按计划成本核算，其月初余额80000元，材料采购帐户月初余额6000元，材料成本差异帐户月初借方余额3800元。
本月外购并已验收入库的原材料计划成本24000元，实际成本23000元；辅助生产车间自制入库材料计划成本30000元，实际成本32000元，本月基本生产车间领用原材料计划成本60000元。
计算本月材料成本差异率、本月发出材料应负担的差异额、本月发出材料的实际成本。
2.星海公司以其生产的产成品换入宇通公司一批原材料。
星海公司换出产成品的帐面成本150000元，公允价值180000元，增值税税额30600元；宇通公司换出原材料的帐面成本和公允价值均为190000元，增值税税额32300元，换入的产成品作为库存商品入帐。
星海公司向宇通公司支付补价11700元。
要求：分别编制下列不同情况下，星海公司和宇通公司非货币性资产交换的会计分录。
(1)星海公司以产成品换入原材料的会计分录：该项非货币性资产交换具有商业实质；该项非货币性资产交换不具有商业实质。
(2)宇通公司以原材料换入产成品的会计分录：该项非货币性资产交换商业实质；该项非货币性资产交换不具有商业实质。
长期股权投资的核算1．如何确定非同一控制下企业合并的初始投资成本？2．如何确定同一控制下企业合并的初始投资成本？3．长期股权投资的成本法和权益法的适用范围是如何规定的，其会计处理有何差别？4.什么是股权投资差额？会计上怎么核算？5.长期股权投资期末如何计价？1.A公司与D公司为两个互不关联的独立企业，合并之前不存在任何投资关系。
据A公司和D公司达成的合并协议，A公司以发行的权益性证券作为合并对价，取得D公司100%的股权。
A 公司增发的权益性证券为每股面值1元的普通股票，共增发2500万股，每股公允价值3元；A 公司另以银行存款支付直接合并费用60万元。
编制A公司通过控股合并D公司取得长期股权投资的会计分录。
2.A公司与B公司为同一母公司所属的两个子公司。
A 公司和B公司达成合并协议，约定A 公司以固定资产、无形资产和银行存款作为合并对价，取得B公司80%的股权。
A 公司投出固定资产的帐面原价1800万元，已提折旧400万元，已计提固定资金资产减值准备200万元；投出无形资产的帐面价值为700万元，未计提无形资产减值准备；投出银行存款1500万元。
企业合并日，B公司所有者权益总额帐面价值为6000万元。
在该项企业合并中，A公司以银行存款支付审计费用、评估费用、法律服务费用等直接合并费用共计25万元。
编制A公司通过控股合并B公司取得长期股权投资的以下会计分录：清理参与合并的固定资产；确认长期股权投资；支付直接合并费用。
3.A 公司与C公司为两个互不关联的独立企业，合并之前不存在任何投资关系。
A与C达成合并协议，约定A以无形资产和发行的权益性证券作为对价，取得C公司80%的股权。