会计专业英语复习资料

会计专业英语复习资料
Chapter1
1.key words
●professional judgement
●enterprise
●ethical standard
1.Key sentences
●Accounting is an information system designed to record,classify and summarize
systematically significant financial and other economic information about business firms,and analyses and interprets its results,withmonetory unit as its main criterion.
2.Excercises
●P12 multiple-choice questions
Chapter2
1.key words
●accounting entity
●g oing concern
●accrual-basis
●cash-basis
●Materiality
●conservatism
2.Key sentences
●Assets
Probable future economic benefits obtained or controlled by
a particular entity as a result of past transaction or events.
●Liabilities
Probable future sacrifices of economic benefits arising from present obligations of particular entity to transfer assets or
provide services to other entities in the future as a result of past transaction or events.
●Equity
Residual interest in the assets of an entity that remains after deducting its liabilities.
●Revenue
Inflows or other enhancements of assets of an entity or settlement of its liabilities (or a combination of both) during a period from delivering or producing goods,renderingservices,or other activities that constitute the entity’s ongoing major or central operations.
●Expenses
Outflows or other using up of assets or incurrence of liabilities (or a combination of both) during a period from delivering or producing goods,renderingservices,or carrying out other activities that constitute the entity’s ongoing major or central operations.
3.Excercises
●Please describe the objectives of financial reporting.
Chapter3
1.key words
●accounting entry
●accounting equation
●credit balance
●debit balance
●ledger account
●double-entry accounting
2.Excercises
●Please describe the steps of accounting cycle.
Chapter4
1.key words
●balance sheet
●income statement
●statement of cash flows
2.Key sentences
●Financial statements are the end product of the accounting process,giving a
concise report of the profitability and financial position of an enterprise.
●Financial statements are the means conveying to the management and to the
interested outsider a concise picture of the profitability and financial position of
a business.
1.key words
●ag ing schedule
●allowance for doubtful accounts
●statement of cash flows
●lower of cost or market rule
2.Key sentences
●Current Assets
Current assets are expected to be converted to cash or sold or used up within one year or less, through the normal operations of business.
●Bank Reconciliation
A bank reconciliation is a listing of the items and amounts that cause the cash balance reported in the bank statement to differ from the balance of the cash account in the ledger.
3.Excercises
●P76 multiple-choice questions
1.key words
●periodic inventory system
●perpetual inventory system
●Physical inventory system
●First-in,first-out method
●Last-in,first-out method
2.Key sentences
●Inventory
Inventory refers to various assets that are stocked for the purpose of sale,production or consumption during the process of the production for a business.
3.Excercises
●P90 multiple-choice questions
1.key words
●plant assets
●capital expenditures
●revenue expenditures
●depreciation expense
●accumulated depreciation
2.Key sentences
●The cost of a plant asset includes all expenditures that are reasonable and
necessary for getting the assets to the desired location and ready for use.
●The book value of a plant asset is its cost minus the related accumulated
depreciation.
3.Excercises
●P107 multiple-choice questions
1.key words
●accounts payable
●accrued expenses
●income taxes payable
●unearned revenues
●credit evaluation
●warranty payable
2.Key sentences
●Current Liabilities
Liabilities that are to be paid out of current assets and are due within a short time,usually within one year,are called current liabilities.
Chapter9
1.key words
●bonds payable
●convertible bonds
●callable bonds
●present val ue
●future value
●premium on a bond
●discount on a bond
2.Key sentences
●The board of directors may authorize a bond issue.
●Money earns income over time,a fact called the time value of money.
3.Excercises
●What factors may have an impact on the exact pres ent value of any future
amount?
●P134 multiple-choice questions
Chapter10
1.key words
●capital stock
●paid-in capital
●retained earnings
●dividend
2.Key sentences
●The major rights that accompany ownership of a share of stock are as
follows:(1)the right to vote in matters concerning the corporation;(2)the right to share in distributions of earnings;(3)the right to share in assets on liquidation.
●The price at which stock can be sold by a corporation depends on a variety of
factors,such as these:(1)the financial condition,earningrecord,and dividend record of the corporation;(2)investor expectations of the corporation’s potential earning power;(3)general business and economic conditions and prospects.
3.Excercises
●P148 multiple-choice questions
Chapter11
1.key words
●cash inflow
●cash outflow
●net cash flow
●financing activity
●investment activity
●operating activity
2.Excercises
●Please describe the function of the statement of cash flow.
Chapter12
1.key words
●accounts receivable turnover
●current position a nalysis
●current ratio
●debt ratio
●inventory turnover
●number of times interest charges are earned
●quick ratio
●rate earned on stockholders’equity
●rate earned on total assets
●ratio of net sales to assets
●rate of return on net sales
●number of days’sales in inventory
●rate on price/earnings
2.Key sentences
●The higher the current ratio is,the more solvency ability the company has.
●The higher the debt ratio is the higher the strain of paying principal and interest
is,and the higher the risk of solvency is.
3.Excercises
●Please describe the objectives of financial statement analysis.
●P183 multiple-choice questions。