会计专业英语复习资料
会计专业英语复习资料.doc
会计专业英语复习资料.doc会计专业英语复习资料⼀、短语中英互译1、会计分录2、投资活动3、后进先出法4、客观性原则5、注册会计师6、权责发⽣制7、累计折旧8、资产负债表9、经营决策10、银⾏存款11、到期⽇12、历史成本13、source document14、nominal rate15、credit sale16、sum-of-years-digits method17、economic entity assumption18、financial position19、fixed assets20、public hearing21、income statement22、sales discount23、value added tax24、trade mark25、bank overdraft⼆、从下列选项中选出最佳答案1、Generally，revenue is recorded by a business enterprise at a point when ：( )A、Management decides it is appropriate to do soB、The product is available for sale to consumersC、An exchange has taken place and the earning process is virtually completeD、An order for merchandise has been received2、Why are certain costs capitalized when incurred and then depreciated or amortized over subsequent accounting periods？( )A、To reduce the income tax liabilityB、To aid management in making business decisionsC、To match the costs of production with revenue as earnedD、To adhere to the accounting concept of conservatism3、What accounting principle or concept justifies the use of accruals and deferrals？( )A、Going concernB、MaterialityC、ConsistencyD、Stable monetary unit4、An accrued expense can best be described as an amount ( )A、Paid and currently matched with revenueB、Paid and not currently matched with revenueC、Not paid and not currently matched with revenueD、Not paid and currently matched with revenue5、Continuation of a business enterprise in the absence of contrary evidence is an example of the principle or concept of ( )A、Business entityB、ConsistencyC、Going concernD、Substance over form6、In preparing a bank reconciliation，the amount of checks outstanding would be：( )A、added to the bank balance according to the bank statement.B、deducted from the bank balance according to the bank statement.C、added to the cash balance according to the depositor’s records.D、deducted from the cash balance according to the depositor’s records.7、Journal entries based on the bank reconciliation are required for：( )A、additions to the cash balance according to the depositor’s records.B、deductions from the cash balance according to the depositor’srecords.C、Both A and BD、Neither A nor B8、A petty cash fund is ：( )A、used to pay relatively small amounts。
会计笔记英语知识点归纳
会计笔记英语知识点归纳会计是一门与经济紧密相关的学科，对于学习和从事会计工作的人来说，掌握好会计笔记的英语知识点非常重要。
本文将归纳一些常见的会计笔记英语知识点，帮助读者更好地理解和运用这些概念。
1. Financial Statements（财务报表）Financial statements are crucial in accounting as they provide a comprehensive summary of a company's financial activities. The four main types of financial statements are: balance sheet, income statement, cash flow statement, and statement of changes in equity.财务报表在会计中非常重要，因为它们提供了一个公司财务活动的综合概述。
财务报表有四种主要类型：资产负债表、损益表、现金流量表和股东权益变动表。
2. Double-Entry Bookkeeping（复式记账法）Double-entry bookkeeping is a fundamental concept in accounting.It states that every financial transaction has equal and opposite effectson at least two accounts. This ensures that the accounting equation (assets = liabilities + equity) remains balanced.复式记账法是会计中的一个基本概念。
它指出每一笔财务交易对至少两个账户产生相等且相反的影响。
这样可以确保会计方程式（资产=负债+所有者权益）保持平衡。
会计专业英语知识点
会计专业英语知识点作为一门重要的商科专业，会计在各行各业中都扮演着重要的角色。
对于学习会计的学生来说，掌握好会计专业的英语知识点是非常必要的。
本文将介绍一些与会计专业相关的英语知识点，以帮助学生在学习和实践中更好地应用。
一、会计基础术语1. Assets（资产）：在会计中，资产指的是公司拥有的具有现金价值的资源，包括现金、存货、房地产等。
2. Liabilities（负债）：负债是指公司对外的债务或应付款项，在会计中包括借款、应付账款等。
3. Equity（所有者权益）：也被称为净资产或股东权益，表示公司的所有者对于其资产净值的权益。
4. Revenue（收入）：收入是指公司通过销售产品或提供服务而获得的资金流入。
5. Expenses（费用）：费用是指公司为经营活动而发生的支出，包括租金、工资、税金等。
6. Balance Sheet（资产负债表）：资产负债表是一份会计报表，以资产、负债和所有者权益的形式显示公司的财务状况。
二、会计报表1. Income Statement（利润表）：利润表显示了公司在一定期间内的收入、费用和净利润。
2. Cash Flow Statement（现金流量表）：现金流量表反映了公司在一定期间内现金收入、现金支出以及现金净增加额。
3. Statement of Retained Earnings（留存收益表）：留存收益表展示了公司在一定期间内的净利润和分红情况。
4. Statement of Changes in Equity（权益变动表）：权益变动表展示了公司在一段时间内所有者权益的变化情况，包括净利润、股东投资等。
三、审计和税务1. Audit（审计）：审计是对公司财务报表和财务记录的全面审核和检查。
2. Taxation（税务）：税务是指涉及支付税款和申报纳税义务的活动，包括个人所得税、企业所得税等。
3. Tax Return（纳税申报表）：纳税申报表是个人或企业向税务机关报告收入和纳税情况的文件。
会计英语复习资料
会计英语复习资料一．汉译英练习1.会计原则是每个会计人员在进行工作时必须遵守的规则。
2.编制会计分录是在会计期间经常要做的工作。
3.编制工作底稿是每个会计期末要做的工作。
4.实账户是负债表账户。
在月末，它们的余额应不被结平，而转入下一期。
5.虚账户是利润表账户。
在月末，它们的余额应结平，以便用来记录下一期的经营成果。
6.这个月费用很大，我们要查一下原因，分析一下有关经济业务。
7.如果销售商品时，若客户没有付现金，则这种销售被称为赊销。
8.赊销时，卖方会对卖方提出付款条件，这个条件被称为信用条件。
9.固定资产每月都必须计提折旧。
10.无形资产每月计提摊销。
11.企业外部的许多人关心企业的财务信息，而及时提供财务信息给他们是会计的工作。
12.财务报表是人们进行经营决策的依据之一。
13.我们必须准备足够的资金，这笔贷款下个月到期。
14.调整分录与结账分录必须计入日记账和分类账，否则账上的余额会与报表上数额不符。
15.在西方会计中，股份公司的权益科目与独资企业的权益科目是不同的。
16.销售商品的收入常被称为是销售收入。
17.本年利润是用于计算利润的账户，他与其他损益类科目一样，年末，都要被结平。
18.请给我看一下有关这个月应缴的税费的数据二．会计专业词汇练习会计词汇辨析（）Dividends （）Cash（）Inventory （）Accumulated depreciation（）Accounts receivable （）Interest payable（）Income taxes payable （）Owner’s capital（）Retained earnings （）Closing entry（）Journalizing （）Administrative expenses（）Cost of goods sold （）Net income（）Business transaction （）Unearned revenues（）Ending balance （）Financial expenses（）Prepaid expenses （）operating results（）Withdrawals （）Sales( ）Allowance for bad accounts （）Common stock（）Office supplies inventory （）long-term bonds investments （）Accounts payable （）Cash basis accounting （）Office equipments （）Posting（）Beginning balance （）Business transaction（）Trial balance （）Financial statements（）Selling expenses. （）Financial position（）Marketable securities ( ) paid in capital( ) operating equipments （）Notes payable( ) Short term investment ( ) Gain（）Extraordinary items （）Finished products（）Salary expenses （）Interest receivable（）Accrual basis accounting （）Income statements（）Adjusting entry （）Intangible assets( ) Source documents ( ) Gross sales( ) Purchase ( ) Fixed assets1.期末余额28. 坏账准备2.应付所得税29. 应收账款3.销售费用30. 主营业务收入4.业主资本31. 经营成果5.主营业务成本32 管理费用6.应付利息33 存货7.留存收益34 调整分录8.预收账款35 结账分录9.累计折旧36 权责发生制10.经济业务37 应付票据11.财务报表38 编制分录12.试算平衡39. 期初余额13.现金收付制40. 应付账款14.财务费用41. 净利润15.普通股42. 财务状况16.营业外收支项目43. 过账17.应收利息44 办公用品库存18.实收资本45. 办公设备19.库存46. 股利20.经营设备47. 业主提取21.利得48. 产成品22.待摊费用49. 交易性金融资产23.长期债券投资50. 短期投资24.无形资产51. 工资费用25.生产设备52销售总额26.原始凭证53 固定资产27.采购54. 工资费用三．英译汉１．Revenue is the price of goods sold and services rendered during a given accounting period. Earning revenue causes owner’s equity to increase. When a business renders services of sells merchandise to its customers, it usually receives cash or acquires an account receivable from the customer.２．To clearly identify the effects of the business operations on each of the accounting elements, it is necessary to transfer those records from journal to each corresponding books used for recording different accounting element. This transfer process is called “posting”.３．The journal is a day-by-day record of business transactions. The information recorded about each transaction includes the date of the transaction, the debit and credit changes in specific ledger accounts, and a brief explanation of the transaction.４．The things a business owns can be classified into five categories, which also called accounting elements, they are: assets, liabilities, owners' equity, revenues, and expenses. Every business transaction of the business may affect more than one of the above elements。
会计专业英语期末复习资料
《会计英语》复习资料二、单项选择（红字为正确答案）：Financial reports are used byd.all of the above1. For accounting purposes, the business entity should be considered separate from its owners if the entity is（）d.all of the above2. Which of the following best describes accountingb.is an information system that provides reports to stakeholders3. Using accrual accounting, expenses are recorded and reported onlya.when they are incurred, whether or not cash is paid4. The measurement bases exclude( )c.Sale price5. Debts owed by a business are referred to as（）d.liabilities6. Which of the following financial statements reports information as of a specific datec.balance sheet7. Cash investments made by the owner to the business are reported on the statement of cash flows in thea.financing activities section8. The accounting equation may be expressed asd.Assets - Liabilities = Owner's Equity9. Which of the following groups of accounts have a normal credit balancea.revenues, liabilities, capital10. Which of the following groups of accounts have a normal debit balanced.assets, expenses11. Which of the following types of accounts have a normal credit balancec.revenues and liabilities12. In the accounting cycle, the last step is（）a.preparing a post-closing trial balance13. Which of the following should not be considered cash by an accountantc.postage stamps14. A bank reconciliation should be prepared periodically because （）c.any differences between the depositor's records and thebank's records should be determined, and any errors made byeither party should be discovered and corrected15. The amount of the outstanding checks is included on the bank reconciliationas a(n) （）c.deduction from the balance per bank statement16. The asset created by a business when it makes a sale on account is termedc.accounts receivable17. What is the type of account and normal balance of Allowance for Doubtful Accountsa.Contra asset, credit18. The term "inventory" indicates （）d.both A and B19. Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error income is understated20.Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the errorb.owner's equity is overstated21.The inventory method that assigns the most recent costs to cost of good sold isb.LIFO22.Under which method of cost flows is the inventory assumed to be composed of the most recent costsb.first-in, first-out23. When the perpetual inventory system is used, the inventory sold is debited to ( )b.cost of merchandise sold24．All of the following below are needed for the calculation of depreciation exceptd.book value25. A characteristic of a fixed asset is that it ised in the operations of a business26. Accumulated Depreciation ( )c.is a contra asset account27. The two methods of accounting for investments in stock are the cost method and the （）b.equity method28. A capital expenditure results in a debit to （）d.an asset account29. Current liabilities are（）d.due and payable within one year30. The debt created by a business when it makes a purchase on account is referred to as anb.account payable31. Notes may be issued （）d.all of the above32.The cost of a product warranty should be included as an expense in thec.period of the sale of the product33. If the market rate of interest is 8%, the price of 6% bonds paying interest semiannually with a face value of $100,000 will bec.Less than $100,00034. The interest rate specified in the bond indenture is called the （）b.contract rate35. When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds ared.callable bonds36. When the market rate of interest on bonds is higher than the contract rate, the bonds will sell atd. a discount37. One potential advantage of financing corporations through the use of bonds rather than common stock isc.the interest expense is deductible for tax purposes by thecorporation38. Characteristics of a corporation include （）d.shareholders who have limited liability39. Stockholders' equity （）c.includes retained earnings and paid-in capital40. The excess of issue price over par of common stock is termed a(n) （）d.premium41. Cash dividends are usually not paid on which of the followingc.treasury stock42. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheetd.Preferred Stock43. If preferred stock has dividends in arrears, the preferred stock must bed.convertible44. The primary purpose of a stock split is tob.reduce the market price of the stock per share45. Which statement below is not a reason for a corporation to buy back its own stock.d.to increase the shares outstanding46. The liability for a dividend is recorded on which of the following datesd.the date of declaration47. In credit terms of 2/10, n/30, the "2" represents thed.percent of the cash discount48. Revenue should be recognized when（）b.the service is performed49. The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as （）b.solvency and profitability50. Which of the following is not included in the computation of the quick ratioa.inventory四、问答题：3．Differentiate between financial accounting and managerial accounting.财务会计与管理会计的区别。
会计英文知识点
会计英文知识点在全球经济一体化的背景下，英语已经成为了国际商务交流的重要工具。
对于会计专业的学生而言，掌握一些会计英文知识点是非常必要的。
本文将重点介绍一些常用的会计英文词汇和短语，帮助读者更好地理解和运用会计英语。
1. Financial statements（财务报表）：Financial statements是记录和概括公司财务状况的重要工具。
它包括三大要素：资产（assets）、负债（liabilities）和所有者权益（owner's equity）。
常见的财务报表包括资产负债表（balance sheet）、利润表（income statement）和现金流量表（cash flow statement）。
2. Assets（资产）：Assets指的是公司拥有的可衡量的经济资源。
根据流动性的不同，可以将资产分为流动资产（current assets）和非流动资产（non-current assets）。
常见的流动资产包括现金（cash）、应收账款（accounts receivable）和存货（inventory）等。
3. Liabilities（负债）：Liabilities指的是公司欠他人的债务或待支付的款项。
类似于资产，根据偿还期限的不同，可以将负债分为流动负债（current liabilities）和非流动负债（non-currentliabilities）。
常见的流动负债包括应付账款（accounts payable）和短期借款（short-term borrowings）等。
4. Owner's equity（所有者权益）：Owner's equity指的是公司归属于所有者的净资产。
它由资本（capital）和利润（profit）构成。
如果资产超过负债，那么所有者权益为正数；如果负债超过资产，那么所有者权益为负数。
5. Depreciation（折旧）：Depreciation指的是固定资产（fixed assets）在使用过程中价值的减少。
会计专业英语复习资料
Post test 1 基本概念1. Things of value owned by an entity: assets Money: cashClaims of creditors: liabilitiesClaims of investors: equity2. 2 types of sources of funds：Stronger claim: liabilitiesLesser claim: equity3. A balance sheet reports the status of an entity ....ata point of time.4. Give the fundamental accounting equation: Assets = Liabilities + Equity5. The above equation is consistent with what concept?: Dual-aspect concept6. Money-measurement concept states that accounting reports only facts that can be expressed in monetary amounts.7. A balance sheet does not report all the facts abouta business. What concept limits the amount or type of information that can be reported? Money-measurement concept8. Brown Company has 10000 dollar cash. Its owner withdraws 100 dollars for his own use. The owner is (no better or worse off) than he was before. Brown company now has (less) cash. The fact that this event affects the owner differently than it affects the company is an illustration of the entity concept.9. The entity concept states that accounts are kept for entities as distinguished from the persons who own those entities.11. The going-concern concept is: Accounting assumes that an entity will continue to operate indefinitely.12. The asset-measurement concept is: if reliable information is available, accounting focuses on the fair value of assets. Nonmonetary assets are reported at their original cost.13. An item can be reported as an asset if it passes 3 of the following: item is valuable, item was acquired at a measurable cost, item is owned or controlled by the entity.14. Goodwill is a favorable name or reputation purchased by the entity.15. An asset is classified as current if it is cash or is expected to be converted into cash in the near future, usually within one year.16. A liability is classified as current if it becomes due in the near future, usually within one year.17. Marketable securities are current assets. Investments are noncurrent assets.19. An insurance policy paid in advance of the time period covered is an example of a prepaid expense.20. A building, an item of equipment, and an automobile may all be examples of plant and property.21.Parker Company operates a furniture store. On December 31,2005,it had 30 desks that it was holding for sale. These would be reported as inventory. The desk that is used by the president of Parker Company would be reported as plant and property.22.Fox Company sold $1,000 of goods on credit to Golden Company. This would be recorded as an account receivable of Fox Company and as an account payable of Golden Company.23. Indicate whether the following statements about the balance sheet of a corporation are true or false:a. Assets list all the valuable things owned bythe entity----Fb. The amount reported for the paid-in capitalitem is approximately the fair value of the stock-----Fc. The amount reported for total equity isapproximately the fair value of the corporation’sstock---Fd. Total equities (also called “net worth”) showapproximately what the entity is worth.----Fe. Retained earnings is the amount of cashretained in the entity.-----FPost test 2 资产负债表的变更：收入的核算1.On January 2, John Brown started the BrownCompany. In January, Brown Company did thefollowing things:a. It received $5,000 cash from John Brown asits capital.b. It borrowed $10,000 from a bank, giving anote therefor.c. It purchased $4,000 of inventory for cash.d. It sold $2,000 of its inventory for $6,000 to acustomer, who paid $3,500 cash and agreed to pay$2,500 within 30 days.e. It purchased an auto for $7,000. It paid$2,000 down and gave a note to the automobiledealer for the remaining $5,000f. Brown withdrew $1,000 cash for his personaluse.g. Brown was offered $10,000 for his equity inthe business, but he refused the offer.On a separate piece of paper, prepare a roughdraft of a balance sheet for Brown Company as of theclose to business January 31, and an incomestatement for January.Brown CompanyBalance Sheet as of Jan31AssetsCash……………………………………$11,500Accounts Receivable…………………2,500Inventory………………………………….2,000Automobile………………………………7,000Total………………………………………$23,000Liabilities and EquityNotes Payable………………………$15,000Paid-in Capital…………………………5,000Retained Earnings……………………3,000Total……………………………………$23,000Brown CompanyIncome Statement for January Revenue...........................$6,000Expense ...........................$2,000Income ............................$4,0002.Brown Company's income was $4,000, but itsRetained Earnings was only $3,000. Reread the firstframe and choose the item (a-g) that explains thedifference. f3.John Brown claims that the inventory as of January31 is worth $6,000, as shown by the fact thatinventory costing $2,000 was actually sold for $6,000.Would you change the balance sheet ?...(No). This isan illustration of the asset-measurement concept.Nonmonetary assets are reported at their cost ratherthan their worth or fair value.Post test 3 会计记录和系统1. On March 5, Kay Company purchased $6,000 ofinventory, paying cash. Prepare a journal entry forthis transaction below.Journal2001 Transactions Dr. Cr.March 5Inventory6,000Cash6,0002. On March 10, Kay Company made a $15,000 sale toa customer who paid $6,000 cash and agreed to payto the other $9,000 in 30 days. The merchandise soldhad cost $8,000. Prepare a journal entry for the sale,below.Journal2001 Transactions Dr. Cr.March 10Cash6,000Accounts Receivable9,000Revenues15,0003. On March 10, Kay Company made a sale for$15,000 for merchandise that had cost $8,000.Prepare a journal entry to record the cost of the salebelow.Journal2001 Transactions Dr. Cr.March 10 Expenses8,000Inventory8,0004. Recall from the previous frames that revenuesfrom the sale on March 10 were $15,000 and that themerchandise sold had cost $8,000. Prepare theclosing entries.Journal2005 Transactions Dr. Cr.March 31Revenues15,000Retained earnings15,000March 31Retained earnings8,000Expenses8,0005-10. Omit11.A critic said that the company had $25,000 cash atthe beginning of March and $25,000 at the end ofMarch, and since its cash balance was unchanged, itcouldn't be said to have any income in March. Thiscriticism is (incorrect).12.The reason the criticism is incorrect is becauseincome is an increase in retained earnings, notnecessarily in cash. For example, the sales revenue ofKay Company in March was $15,000 and its incomewas $7,000 even though $9,000 was received in cash.Post test 4 营业收入和货币资产1. The conservation concept states that increases inequity are recognized only when they are reasonablycertain, while decreases in equity are recognized assoon as they are reasonably possible.2. The materiality concept states: disregard trivialmatters but disclose all important matters.3. What is the length of the usual accounting period?One year. Financial statements prepared for shorterperiods are called interim statements.4. Cash accounting reports items that increase ordecrease cash. Accrual accounting reports items thatchange equity or retained earnings, even thoughthese changes may not affect cash.5. Increases in equity associated with the entity’soperations during a period are revenues, anddecreases are expenses. The difference betweenthem is labeled income.6. The realization concept states that revenues are recognized when goods or services are delivered.7. H Company manufactures a table in August and places it in its retail store in September. R Smith, a customer, agrees to buy the table in October, it is delivered to him in November, and he pays the bill in December. In what month is the revenue is recognized? (November)8. The receipt of cash is a debit to Cash. What is the offsetting credit and (type of account) for the following types of sales transactions?Account Crediteda. Cash received prior to delivery. Advances from customers (a liability)b. Cash received in same period as delivery. Revenuec. Cash received after the period of delivery. Accounts receivable (an asset)9.Similarly, revenue is a credit entry. What is the offsetting debit when revenue is recognized in each of these periods?Account Debiteda. Revenue recognized prior to receipt of cash. Accounts receivableb. Revenue recognized in same period as receipt of cash. Cashc. Revenue recognized in the period following receipt of cash. Advances from customers10.In February, H Company agrees to sell a table to a customer for $600, and the customer makes a down payment of $100 at that time. The cost of the table is $400. The table is delivered to the customer in March, and the customer pays the remaining $500 in April. Give the journal entries (if any) that would be made in February, March, and April for both the revenue and expense aspects of this transaction. February:Cash100Advances from customers100March:Accounts receivable500Advances from customers100Revenue600March:Expenses400Inventory400April:Cash500Accounts receivable50011.At the end of 2005, M Company had accounts receivable of $200,000, and it estimated that $2,000 of this amount was a bad debt. Its revenue in 2005, with no allowance for the bad debts, was $600,000. A. What account should be debited for the $2,000 bad debt? RevenueB. What account should be credited? Allowance for doubtful accountsC. What amount would be reported as net accounts receivable on the balance sheet? $198,000D. What amount would be reported as revenue on the 2005 income statement? $598,00012.In 2006, the $2,000 of bad debt was written off.A. What account should be debited for this written off? Allowance for doubtful accountsB. What account should be credited? AccountsreceivablePost test 5 费用的核算；损益表1. An expenditure occurs in the period in which goodsor services are acquired. An expense occurs in theperiod in which goods or services are consumed.2. A certain asset was acquired in May. There wastherefore an expenditure in May. At the end of May,the item was either on hand, or it was not. If it wason hand, it was an asset; If it was not on hand, it wasan expense in May.3. Productive assets are unexpired costs. Expensesare expired costs.4. The matching concept states that costs associatedwith the revenues of a period are expenses of thatperiod.5. Expenses of a period consist of:a. costs of the goods and services delivered duringthat period.b. other expenditures that benefit operations ofthe period.c. losses6. If Brown company pays rent prior to the periodthat the rent covers, the amount is initially reportedas credit to cash and a debit to Prepaid Rent, which isan asset account. If Brown Company pays the rentafter the period covered, the amount is initiallyrecorded as a debit to Rent Expense and a credit toAccrued Rent, which is a liability account.7. A brand new machine owned by Fay Company wasdestroyed by fire in 2005. It was uninsured. It hasbeen purchased for $10,000 with the expectationthat it would be useful for 5 years. The expenserecorded in 2005 should be $10,000.8. Gross margin is the difference between salesrevenue and cost of sales.9. gross margin percentage: (gross margin)/(salesrevenue)10. The difference between revenues and expenses inan accounting period (or the amount by which equity[i.e., retained earnings] increased from operatingactivities during the period) is called net income.11. A distribution of earnings to shareholders is calleddividends(股利).12. retained earnings at the end of the period=retained earnings at the beginning of the period + netincome–dividends.Post test 6 存货和销售成本1. A dealer sells a television set for $800 cash. It hadcost $600. Write journal entries for the four accountsaffected by this transaction.Dr. Cash800Cr. Revenue800Dr. Cost of Sales600Cr. Inventory6002. When using the perpetual inventory method (永续盘存), a record is kept for each item, showingreceipts, issues, and the amount on hand.3. Write an equation that shows how the cost of salesis determined by deduction:Cost of sales = beginning inventory+purchases –ending inventory4.Omit5.In periods of inflation, many companies use theLIFO method in calculating their taxable incomebecause LIFO gives a higher cost of sales and hence alower taxable income.6. A company discovers that the fair value of itsinventory is $1000 lower than its cost. What journalentry should it take?Dr. Cost of Sales1,000Cr. Inventory1,0007. In a manufacturing business, what three elementsenter into the cost of a manufactured item?Direct material, direct labor, and overhead.8. Period costs become an expense during the periodin which they were incurred.9. Product costs become an expense during theperiod in which the products were sold.10. One type of overhead rate involves use of thetotal direct labor costs and total production overheadcosts for a period. Write a ratio that shows how theoverhead rate is calculated.(Total production overhead costs)/(Total directlabor costs)11. A given finished item requires $50 of directmaterials and 5 hours of direct labor at $8 per hour.The overhead rate is $4 per direct labor hour. At whatamount would the finished item be shown ininventory? $110 = 50 + 40 + 2012. An inventory turnover of 5 is generally better thanan inventory turnover of 4 because it indicates thatless capital is tied up in inventory, and there is lessrisk that the inventory will become obsolete.Post test 7 非流动资产和折旧1. The amount at which a new plant asset is recordedin the accounts includes its purchase price plus allcosts incurred to make the asset ready for itsintended use (such as transportation andinstallation).2. A plant asset is acquired in 2005. It is expected tobe worn out at the end of 10 years and to becomeobsolete in five years. What is its service life? ---Fiveyears.3. Ordinarily, land is not depreciated because itsservice life is indefinitely long.4.A plant asset is acquired in 2005 at a cost of $20000.Its estimated service life is 10 years, and its estimatedresidual value is $2000 :a. The estimated depreciable cost of the asset is$18,000b. If the straight-line depreciation method is used,the depreciation rate for this asset is 10 percent.c. What amount will be recorded as depreciationexpense in each year of the asset’s life?---$1,800d. What amount will be debited and what accountwill be credited to record this depreciation expense?Dr. Depreciation expenseCr. Accumulated depreciatione. After five years have elapsed, how would thisasset be reported on the balance sheet?1) Plant------$20,0002) Less accumulated depreciation-------$9,0003) Book value-------$11,0005. A machine is purchase on January 2, 2005, for$20,000 and its has an expected life of five years andno estimated residual value.a. If the a machine is still in use six years later, what amount of depreciation expense will be reported in for the sixth year?----zerob. What amount, if any, will be reported on the balance sheet at the end of the sixth year?1) It will not be reported.-----X2) It will be reported as follows:Machine$20,000Accumulated depreciation$20,000Book value$06. A machine is purchase on January 2, 2005, for $50,000. It has an expected service life for 10 years and no residual value. Eleven years later it is sold for $3,000 cash.a. There will be a gain of $3,000b. What account will be debited and what account credited to record this amount?Dr. CashCr. Gain on disposition of assets.7. Given an example of each of the following types of assets, and give the name of the process used in writing off the cost of the second and third type. Asset type\Example\Write-off processPlant Asset\m achine, b uilding\Depreciation Wasting asset\c oal, o il ,m inerals\Depletion Intangible asset\g oodwill, t rademark \Amortization 8. Conoil Company purchased a producing oil property for $10,000,000 on January 2, 2005. It estimated that the property contained one million barrels of oil and that the property had a service life of 20 years. In 2005, 40,000 barrels of oil were recovered from the property. What amount should be charged as an expense in 2005?------$400,0009. Wasting assets and intangible assets are reported on the balance sheet in a different way than building, equipment, and similar plant assets. The difference is that wasting assets are reported at the net amount and plant assets are reported at cost, accumulated depreciation, and net amount.10. In calculating its taxable income, a company tries to report its income as low as it can. In calculating its financial accounting income, a company tries to report its income as fairly as it can.11. As compared with straight-line depreciation, accelerated depreciation writes off more depreciation in the early years of an asset’s life and less in the later years. Over the whole life of asset, accelerated depreciation writes off the same total cost as straight-line depreciation.12. Companies usually use accelerated depreciation in tax accounting because it reduces taxable income and hence income tax in the early years.13. Assume an income tax rate of 40%. If a company calculated its financial accounting income (before income taxes) in 2005 as $6 million and its taxable income as$4 million, what amount would it report as income tax expense on its 2005 income statement?----$2,400,00014. Fill in the missing name on the following table:Income tax expense $100,000Income tax paid -60,000Deferred income tax$ 40,000 The $40,000 would be reported on the balance sheet as a liability.。
英语会计复习题
英语会计复习题英语会计复习题在学习会计的过程中，复习题是非常重要的一部分。
通过做题，我们可以巩固知识点，检验自己的理解程度，并且为考试做好准备。
下面是一些英语会计复习题，希望对大家的学习有所帮助。
1. What is the basic accounting equation?The basic accounting equation is Assets = Liabilities + Equity. It represents the fundamental relationship between a company's assets, liabilities, and owner's equity.2. What is the difference between accrual accounting and cash accounting? Accrual accounting records revenue and expenses when they are incurred, regardless of when the cash is received or paid. Cash accounting, on the other hand, only records revenue and expenses when the cash is actually received or paid. Accrual accounting provides a more accurate picture of a company's financial performance, while cash accounting is simpler and easier to understand.3. What is depreciation?Depreciation is the allocation of the cost of an asset over its useful life. It represents the decrease in value of an asset due to wear and tear, obsolescence, or other factors. Depreciation is recorded as an expense on the income statement and reduces the value of the asset on the balance sheet.4. What is the difference between a current asset and a fixed asset?A current asset is an asset that is expected to be converted into cash or used upwithin one year or the normal operating cycle of a business. Examples of current assets include cash, accounts receivable, and inventory. A fixed asset, on the other hand, is an asset that is used in the production of goods or services and is not expected to be converted into cash within one year. Examples of fixed assets include buildings, machinery, and vehicles.5. What is the purpose of the statement of cash flows?The statement of cash flows provides information about the cash inflows and outflows of a company during a specific period of time. It helps users of financial statements understand how a company generates and uses cash, and provides insights into its liquidity and cash flow management.6. What is the difference between gross profit and net profit?Gross profit is the difference between net sales and the cost of goods sold. It represents the profit a company makes from its core operations before deducting operating expenses. Net profit, on the other hand, is the final profit after deducting all expenses, including operating expenses, interest, and taxes. 7. What is the purpose of the balance sheet?The balance sheet provides a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and owner's equity, and helps stakeholders assess its solvency, liquidity, and financial stability.8. What is the difference between accounts payable and accounts receivable? Accounts payable is the amount of money a company owes to its suppliers or creditors for goods or services purchased on credit. Accounts receivable, on theother hand, is the amount of money owed to a company by its customers for goods or services sold on credit. Accounts payable represents a liability, while accounts receivable represents an asset.通过以上的复习题，我们可以回顾和巩固会计的基础知识。
会计英语复习资料
会计英语复习资料会计英语期末复习资料⼀、单词1.accounting 会计学2.accounting elements 会计要素3.accounting equation 会计等式4.assets 资产5.liabilities 负债6.owner`s equity 所有者权益7.revenue 收⼊8.expenses 费⽤9.profits 利润10.accounting period 会计期间11.transaction 经济业务/会计事项12.double-entry system 复式记账法13.debit 借⽅14.credit 贷⽅15.ledger 分类账16.chart of accounts 会计科⽬表17.journal ⽇记账18.current assets 流动资产19.cash 现⾦20.cash equivalents 现⾦等价物21.check ⽀票22.bank deposits 银⾏存款23.cash in bank 银⾏存款24.money orders 汇票25.cash on band 库存现⾦26.accounts receivable 应收账款27.allowance for bad debts 坏账准备/doc/be38e1fd80eb6294dd886c5c.html realizable value 可变现净值29.inventory 存货30.finished goods 产成品31.semi-finished goods 半成品32.goods in process 在产品33.historical cost 历史成本34.specific identification 个别计价法35.first-in, first-out 先进先出法/doc/be38e1fd80eb6294dd886c5c.html st-in, first-out 后进先出法37.weighted average 加权平均法38.raw materials 原材料39.short-term investment 短期投资40.marketable securities 有价证券41.shareholder 股东42.bonds 债券43.debentures 债券44.long-term assets 长期资产45.fixed assets 固定资产46.intangible assets ⽆形资产47.deferred assets 递延资产/doc/be38e1fd80eb6294dd886c5c.html eful life 使⽤寿命49.depreciation 折旧50.depreciable amount 应计折旧额51.depreciation method 折旧⽅法52.estimated net residual value 预计净残值53.straight-line method 直线法54.units of production method ⼯作量法55.double declining balance method 双倍余额递减法56.sum-of-the-years-digits method 年数总和法57.amortization 摊销58.impairment 减值59.current liabilities 流动负债60.accounts payable 应付账款61.notes payable 应付票据62.unearned revenue 预收账款63.income taxes payable 应交所得税64.contingent liabilities 或有负债65.long-term liabilities 长期负债66.bonds payable 应付债券67.ownership 所有权68.sole proprietorship 独资企业69.partnership 合伙企业70.corporation 公司/doc/be38e1fd80eb6294dd886c5c.html mon shareholders 普通股股东72.preferred shareholders 优先股股东/doc/be38e1fd80eb6294dd886c5c.html mon stock 普通股74.preferred stock 优先股75.dividends 股利76.retained earnings 留存收益77.paid-in capital 实收资本78.capital stock 股本79.addtional paid-in capital 附加投⼊资本80.capital surplus 资本公积81.undistributed profit 未分配利润82.par value ⾯值83.fair value 公允价值84.reserve fund 盈余公积85.legal reserve 法定盈余86.stock split 股利分割87.cash dividends 现⾦股利88.stock dividends 股票股利89.sales revenue 销售收⼊90.service revenue 劳务收⼊91.product costs 产品成本92.direct material costs 直接材料成本93.direct labor costs 直接⼈⼯成本94.indirect costs 间接成本95.manufacturing overhead 制造费⽤96.period expenses 期间费⽤97.operating expense 营业费⽤98.administrative expense 管理费⽤99.finance expense 财务费⽤100.balance sheet 资产负债表101.income statement 利润表/损益表102.cash flow statement 现⾦流量表⼆、填空1. The accounting elements include , , , , , and .2. Liabilities are of a business.3. Borrowing cash from a bank does not belong to ; it simply belongs to liability.4. Profit is the of revenue over expenses for the accounting period.5. The accounting equation is : = + .6.“Dr.” stands for debits ,while “Cr.” is the abbreviation for .7. Liability, owner`s equity, revenue and profit decreases are recorded as .8. Short-term investments refer to various of .9. Marketable securities include and to be realized within one year from the balance sheet date and shall be accounted for at cost.10. Depreciation refers to the systematic allocation of the of a fixed asset over its useful life.11. The four common depreciation methods are .12. shall be employed when it is assumed that an asset`s economic revenue is the same each year, and the repair and maintenance cost is also the same for each period.13. When depreciation is mainly due to wear and tear, are usually used.14. The two types of intangible assets are finite and intangibles.15. Please name five most commonly seen intangibles , i.e., , , , , and .16. Intangible assets do not include internally generated , and .17. Intangible assets should be measured initially at .18. For intangible assets with finite useful lives enterprises shall consider their while intangible assets with indefinite useful lives shall not be amortized.19. The account of should be decreased when the service paid for in advancehas been provided.20. The account of should be recorded when the business purchased supplies on credit.21. The account of used to show what the business owes the bank.22. A corporation`s balance sheet contains assets, liabilities, and .23. and are the two common capital stocks issued by a corporation.24. and are the usual forms of distribution to share holders.25. A is a proportional distribution to shareholders of additional shares of the corporation`s common or preferred stocks.26. represents the corporation`s accumulated net income, less accumulated dividends and other amounts transferred to paid-in capital accounts.三、单选1. Matching each of the following statements with its poper term.(1) accounts receivable ( )(2) dishonored notes receivable ( )(3) allowance method ( )(4) direct write-off method ( )A. The method of accounting for un-collectible accounts that provides an expense for un-collectible receivables in advance of their write-off.B. A receivable created by selling merchandise or service on credit.C. A note that maker fails to pay on the due date.D. The method of accounting for un-collectible accounts that recognizes the expense only when accounts are judged to be worthless.2. At the end of the fiscal year, accounts receivable has a balance of $100000 and allowance for doubtful accounts has a balance of $7000, The expected net realizable value of the accounts receivable is ( )A. $7000B. $93000C. $100000D. $1070003. If merchandise inventory is being valued at cost and the price level is steadily rising, the method of costing that will yield the higher net income is ( )A.LIFOB.FIFOC.AverageD.Periodic4. Given the following information, which of the following accounting transactions is true?( )Gross payroll $20000Federal income tax withheld $4000Social security tax withheld $1600A. $1600 is recorded as salary expense.B. $14400 is recorded as salary payableC. The $1600 deducted for employee social security tax belongs to the companyD. Payroll is an example of an estimated liability5.If a corporation has outstanding 1000 shares of $9 cumulative preferred stock of $100 par and dividends have been passed for the preceding three years, what is the amount of preferred dividends that must be declared in the current year before a dividend can be declared on common stock?( )A. $9000B. $27000C. $36000D. $450006. All of the following are reasons for purchasing treasury stock except to ( )A. make a market for the stockB. increase the number of shareholdersC. increase the earnings per share and return on equityD. give employee as compensation7. Paid-in capital for a corporation may arise from which of the following sources?( )A. Issuing cumulative preferred stockB. Receiving donations of real estateC. Selling the corporation`s treasury stockD. All of the above8. Under the equity method, the investment account is decreased by all of the following except the investor`s proportionate share of ( )A. dividends paid by the investeeB. declines in the fair value of the investmentC. the losses of the investeeD. all of the options9. Cash dividends are paid on the basis of the number of shares ( )A. authorizedB. issuedC. OutstandingD. outstanding less the number of treasury shares10. The stockholders` equity section of the balance sheet may include ( )A. common stockB. preferred stockC. donated capitalD. all of the above11. Declaration and issuance of a dividend in stock ( )A. increases the current ratioB. decreases the amount of working capitalC. decreases total stockholders` equityD. has no effect on total assets, liabilities, or stockholders` equity12. If a corporation reacquires its own stock, the stock is listed on the balance sheet in the ( )A. current assets sectionB. long term liability sectionC. stockholders` equity sectionD. investments section13. A corporation has issued 25000 shares of $100 par common stock and holds 3000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividend?( )A. $22000B. $2500014. A company declared a cash dividend on its common stock on December 15, 2004, payable on January 12, 2005. How would this dividend affect shareholders` equity on the following dates? ( ) December 15, January 122004 2005A. Decrease. Decrease.B. No effect. No effect.C. No effect. No effect.D. Decrease. Decrease.15. An example of a cash flow from an operating activity is ( )A. the receipt of cash from issuing stockB. the receipt of cash from issuing bondsC. the payment of cash for dividendsD. the receipt of cash from customers on account16. An example of a cash flow from an investing activity is ( )A. the receipt of cash from the sale of equipmentB. the receipt of cash from issuing bondsC. the payment of cash for dividendsD. the payment of cash to acquire treasury stock17. An example of a cash flow from a financing activity is ( )A. the receipt of cash from customers on accountB. the receipt of cash from the sale of equipmentC. the payment of cash for dividendsD. the payment of cash to acquire marketable securities18. A receivable created by selling merchandise or services on credit. ( )A. accounts receivableB. dishonored notes payableC. allowance methodD. direct write-off method19. At the end of the fiscal year, accounts receivable has a balance of $100000 and allowance for doubtful accounts has a balance of $7000. The expected net realizable value of the accounts receivable is ( )A. $7000B. $93000C. $100000D. $10700020.( ) are valuable resources owned by the entity.C. EquityD. None of them21. Which is intangible asset ( )A. internally generated goodwillB. internally generated publishing titlesC. franchises and licenseD. internally generated brands22.( ) shall be employed when it is assumed that an asset`s economic revenue is the same each year, and the repair and maintenance cost is also the same for each period.A. straight-line methodB. units of production methodC. double declining balance methodD. sum-of-the-years-digits(SYD) method四、判断1. Fixed assets are intangible assets. ( )2. Internally generated goodwill can be viewed as intangible assets. ( )3. Land doesn`t need depreciation and is considered to have an infinite life. （）4. Fixed assets are usually subjected to depreciation. ( )5. Bonds and stocks are classified as intangible assets.( )6. Once the expected useful life and estimated net residual value are determined, they shall not be changed under any circumstances.( )7. When a corporation issues one type of capital stocks, common stocks are always issued. ( )8. Par value is strictly a legal matter, and it establishes the legal capital of a corporation. ( )9. The balance of the additional paid-in capital account represents a gain on the sale of stocks and increases net income. ( )10. A corporation must, by law, pay a dividend once a year. ( )11. Dividends are an expense of a corporation and should be charged to the periodic income. ( )12. Revenue increase owner`s equity. ( )13. Revenue is recognized when we receive cash from the buyers. ( )14. Advertising expense is usually collected as period expense. ( )15. Interest revenue should be measured based on the length of time. ( )16. If revenue exceed expenses for the same accounting period, the entity is deemed to suffera loss. ( )17. Asset = liabilities + Expense. ( )18. Liabilities are debts of a business. ( )19. Borrowing cash from a bank belongs to revenue. ( )20. Increase in asset is recorded in credit side. ( )21. When depreciation is mainly due to wear and tear, straight-line method shall be employed. ( )22. Bonds payable belong to current liabilities.( )23. All fixed assets are depreciable over their limited useful life.( )24. Fixed assets are intangible assets. ( )25. Internally generated goodwill can be viewed as intangible assets. ( )26. Land doesn`t need depreciation and is considered to have an infinite life. ( )五、翻译1. Accounting contains elements both of science and art. The important thing is that it is not merely a collection of arithmetical techniques but a set of complex processes depending on and prepared for people.2. Inventories refer to merchandise, finished goods, semi-finished goods, goods in process, and all kinds of materials, fuels, containers, low-value and perishable articles and so on that stocked for the purpose of sale, production or consumption during the production operational process, Inventories are normally accounted for at historical cost, as the cost principle requires. Normally, a company may account inventories under the following methods:(1)Specific identification (2)first-in, first-out(FIFO) (3)last-in, first-out(LIFO) (4)weighted average3. In contrast to current assets, long-term assets refer to those assets that will be realized or consumed within a period longer than one year of their acquisition, which are normally divided into fixed assets, intangible assets and deferred assets.Fixed assets refer to the assets whose useful life is over one year, unit value is above the prescribed criteria and where original physical form remains during the process of utilization.4. Depreciation is defined as the accounting process of systematically allocating the depreciable amount of a fixed asset over its useful life by a selected depreciation method. When calculating the depreciation expense of a fixed asset, an enterprise should consider its depreciable amount,estimated net residual value, estimated useful life, and the depreciation methods.5. The amount of retained earnings represents the cumulative net income of the firm since its beginning, less the total dividends that have been distributed to shareholders. It is important to note that retained earnings are not the assets, but the existence of retained earnings means that net assets generated by profitable operations have been kept in the company to help it grow or to meet other business needs. However, a credit balance in Retained Earnings does not mean that cash or any designated set of assets is directly associated with retained earnings. The fact that earnings have been retained means that net assets as a whole have been increased.6. In China, companies must provide “legal reserve.”Today in USA, appropriations of retained earnings are seldom seen on balance sheets.7. Revenue is the gross inflow of economic benefits arising in the course of the ordinary activities of an enterprise from such events as the sale of goods, the rendering of service and the use of enterprise by others. Revenue growth is an important indicator of the market reception of a company`s products and services.8. Sales revenue arises from the sale of goods.Service revenue arises from the rendering of services.9. Expenses refer to the outlays incurred by an enterprise in the course of production and operation. It means the outflows or other using up of assets or incurrence of liabilities during a period. According to the relationship with products, we can divide expenses into two categories: product costs and period expense.Product costs are directly related to the products, which are composed of direct material costs, direct labor costs and the indirect costs.10. Period expenses are not directly associated with products, but they are indispensable for generating the current revenue.11. A balance sheet is a summary of a company`s balances. Assets, liabilities and owner`s equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a snapshot of a company`s financial condition.12. The income statement is a financial statement that summarizes the results of a company`s operation by matching revenue and related expenses for a particular accounting period. It shows the net income or net loss. It is also called earnings statement, statement of operations, and profit and loss statement.13. The cash flow statement is a financial statement that reports the cash receipts and cash payments of an entity during a particular period. The term cash refers not only to the bills and coins we normally think of as cash, but also to cash equivalents. Cash equivalents are highly liquid short-term investment that can easily and quickly be converted into cash, usually with maturity of three months or less at the date of purchase.The cash flows of an entity usually come from cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.14. Assets are economic resources that are possessed or controlled by an enterprise to generate revenue to the enterprise. Assets of an enterprise are usually divided into the following categories: current assets, long-term investment, fixed assets, intangible assets and other assets. Current assets are assets that will be realized or consumed within one year or within an operating cycle. Typical current assets include cash, bank deposit, accounts receivables and so on. Cash is listed first of all current assets because it is the most liquid of all assets.15. Long-term liabilities are obligations of business that are due to be paid after one year or beyond the operating cycle, whichever is longer. Decisions related to long-term debt are critical because how a company finances its operations is the most important factor in the company`s long-term liability. The amount and type of debt a company incurs depends on many factors, including the nature of the business, its competitive environment, the state of the financial markets, and the predictability of its earnings.六、业务题1.（1）According to the above information, use weighted-average method and the ending inventory should be（2）According to the above information, use LIFO method, the most assigned to the sold should be（3）According to the above information, use FIFO method, the cost assigned to the sold should be（4）According to the above information, use LIFO method, the cost assigned to the ending inventory is2.(1)On June 5, K. Company purchased $6000 of inventory, paying cash.(2)On June 10, K. Company received $10000 of good sales.(3)On June 12, K. Company paid $5000 in salaries by bank deposit.(4)Bought office furniture from Simple Company on account, $30000(5)On June 30, K. Company paid $10000 to Simple Company on account.3. Record each transaction in the accompanying account of L & T Co.(1) Bought supplies on account for $600.(2) Bought equipment for $2700, paying one third down and owing the balance.(3) Gave a note in settlement of transaction (2).(4) Received $500 as an income.4. Record the following entries in the general journal for Stephens Cleaning Company.(1) Invested $10000 cash in the business.(2) Paid $2000 for office furniture.(3) Bought equipment costing $6000 on account.(4) Received $2200 in cleaning income.(5) Paid a quarter of the amount owed on the equipment.5.(1)Accounting to the following information, use weighted-average method and the ending inventory should be(2)Using the information from question(1), the LIFO method, the cost assigned to the ending inventory is6.Assuming that net purchase cost $250000 during the year and that the ending stock was $4000 less than the beginning stock of $30000, the cost of goods would be7. Emily started her business-Emily`s Bakery. The transaction in the year of 2008 are as follow.(1) Emily contributed $10000 in cash.(2) The company borrowed $3000 from a bank.(3) The company purchased equipment for $5000 cash.(4) The company performed service for $12000. The customer paid $8000 in cash and promised to pay the rest amount at a later date.(5) The company paid $9000 for expenses (wages, interest and maintenance)(6) The company paid dividend of $1000.The balance sheet of Emily`s bakeryDecember31, 2008Current Assets Current LiabilitiesLong-term Assets Long-term LiabilitiesOwner`s equityTotal Assets Total Liabilities and Owner`s Equity七、例题1.1 During the month of January, Ted Lott, a lawyer(1) Invested $8000 to open his practice.(2)Bought office supplies (stationery, forms, pencils, and so on)for cash, $700.(3) Bought several pieces of office furniture from Ferraro Furniture Company on account, $2000.(4) Receive $3500 in service fees earned during the month.(5) Paid office rent for January, $600.(6) Paid salary for part-time help, $800.(7) Paid $1600 to Ferraro Furniture Company on account.(8) After taking inventory at the end of the month, Lott found that he had used $200 worth of supplies.(9) Withdrew $470 for personal use.2.1 ABC Company had the following transaction in 2007.(1) Recognized $5000 of sales revenue earned on account.(2) Collected $3000 cash from accounts receivable.(3) Recognized $500 of bad debt expense for accounts receivable that are expected to be un-collectible in the future.2.3 Assume that ABC Company is a listed company. Simple buys 10000 shares of ABC Company`s common stock in New York Securities Exchange on November 1, 2007, at the price of $20 per share.2.4 (1) Assume that, on March 15, 2008, ABC company declared that they decided to give dividends at S3 per common stock. Thus, Simple Company would receive $30000 of dividend. At this time the cash was not given but an accounting record was requested.(2) On April, Simple Company received $30000 of cash dividend. So they need a new accounting record.4.1 Simple Company buys goods for $50000 on credit. The journal entry in Simple Company`s accounting records for this transaction.4.2 (1) On March 1, Simple Company borrows $40000 from its bank for a period of six months at an annual interest rate of 10%. Six months later on September 1, Simple Company will have to pay the bank the principal amount of $40000 plus $2000 interest. As an evidence of this loan, the bank requires Simple Company to issue a note payable. The journal entry in Simple Company`s accounting records for this March 1 borrowing is as follow.(2) Borrowed $40000 for six months at 10% interest per year.(3) The entry on September 1 to record payment of the note will be as follow.4.3 (1) Simple Company signed up a contract with another company to perform services. Simple Company received an advanced cash payment in the amount of $20000 and the term of the contract was one month. The transaction acts to increase assets (cash) and liabilities (unearned revenue). The journal entry in Simple Company`s accounting records for this transaction is as follow.(2) At this time, Simple Company received cash but didn`t perform the services. So the cash of $20000 was not the real revenue. Only when Simple Company performed the services, a new journal entry would be made in the follow.4.4 Bonds issued at a discountAssume that ABC Company plans to issue $1000000 face value of 10%, 10-year bonds. At the issuance date of May 1, the going market rate of interest is slightly above 10% and the bonds sell at a market price of only $950. The issuance of the bonds will be recorded by the following entry.4.5 In this example, the discount on bonds payable has a beginning debit balance of $50000. Each year $5000 will be amortized into Bond Interest Expense.Assuming that the interest payment dates are October 31 and April 30, the entries to be made each six months to record bond interest expense are as follow.(1) Paid semi-annual interest on $1000000 of 10%, 10-year bonds.(2) Amortized discount for six months on 10-year bond issue ($50000/20=$2500)5.1On January 1, Joan Adams and Richard Brown decide to form a partnership by consolidating their two retail stores. A capital account will be opened for each partner and credited, with the agreed valuation of the net assets that the partner contributes. The journal entries to open the accounts of the partnership of Adams and Brown are as follow.(1) To record the investment by Joan Adams in the partnership of Adams and Brown.(2) To record the investment by Richard Brown in the partnership of Adams and Brown.(3) After six months of operation the firm is in need of more cash, and the partners make additional investments of $10000 each on July 1. These additional investments are credited to the capital accounts as shown below.5.3 Adams and Brown have agreed to share profits equally. Assuming that the partnership earns net income of $60000 in the first year of operations, the entry to close the income summary account is as follow.(1) To divide net income for the year in accordance with partnership agreement to share profits equally.The next step in closing the accounts is to transfer the balance of each partner`s drawing account to his capital account. Assuming that withdrawals during the year amounted to $24000 for Adams and $16000 for Brown, the entry at December 31 to close the drawing accounts is as follow.(2) To transfer debit balances in partner`s drawing accounts to their respective capital accounts.5.4 The issuance of 100000 shares of common stock, par $1, for cash of $1.2 per share would be recorded as follow.5.5 Assume that a corporation issues 10000 shares of no-par common stock at $40 a share and ata later date issues 1000 additional shares at $36. The entries to record the no-par stock are as follow.(1) Issued 10000 shares of no-par common stock at $40.(2) Issued 1000 shares of no-par common stock at $36.5.6 Assume that a corporation has a balance of $300000 in retained earnings and 50000 shares of $10 par value common stock. The current fair market value of its stock is $15 per share.(1) If the corporation declares a 10% stock dividend, the entry to record this transaction at the declaration and payment date is as follow.(2) If the corporation declares a 40% stock dividend, the entry to record this transaction at the declaration and payment date is as follow.5.7 Assume that on December 1,2005, the directors of A corporation declare a 40 cents per share cash dividend on 100000 shares of $10 par value common stock. The dividend is $40000 (100000*0.4).(1) the entry to record the declaration is as follow.(2) At the end of the year, the dividends account is closed to retained earnings by the following entry.⼋、附加题1.Whether an account is to be debited or credited depends on the accounting elements. By convention, increases in assets and expenses are recorded as debits, whereas increases in liability, owner`s equity, revenue and profit are recorded as credits. Assets and expense decreases are recorded as credits, whereas liability, owner`s equity, revenue and profit decreases are recorded as debits.2.In an accounting system, a separate account is designated for each asset, each liability, and each component of owner`s equity, including revenues and expenses. That`s to say, accounts are grouped according to accounting elements. These groups of accounts are called the ledger.3. The chart of accounts is a listing of the accounts by title and number. Assets and liability accounts are arranged according to their liquidity. While income, expense and owner`s equity accounts are listed according to their importance.4.A business`s accounts receivable are the amounts that its customers owe it and these accounts receivable are sometimes called trade creditors.Allowance for bad debts is the estimated amount of accounts receivable that will not be collected.The net realizable value is the amount that a company is actually expecting to get in the future. Net realizable = accounts receivable — allowance for bad debts4. Short-term investments refer to various marketable securities, which can be realized at any time and will be held less thana year, as well as other investment with a life of no longer thana year.。
会计专业英语复习资料10页word文档
会计专业英语复习资料一、短语中英互译1、会计分录2、投资活动3、后进先出法4、客观性原则5、注册会计师6、权责发生制7、累计折旧8、资产负债表9、经营决策10、银行存款11、到期日12、历史成本13、source document14、nominal rate15、credit sale16、sum-of-years-digits method17、economic entity assumption18、financial position19、fixed assets20、public hearing21、income statement22、sales discount23、value added tax24、trade mark25、bank overdraft二、从下列选项中选出最佳答案1、Generally，revenue is recorded by a business enterprise at a pointwhen ：( )A、Management decides it is appropriate to do soB、The product is available for sale to consumersC、An exchange has taken place and the earning process isvirtually completeD、An order for merchandise has been received2、Why are certain costs capitalized when incurred and then depreciated or amortized over subsequent accounting periods？( )A、To reduce the income tax liabilityB、To aid management in making business decisionsC、To match the costs of production with revenue as earnedD、To adhere to the accounting concept of conservatism3、What accounting principle or concept justifies the use of accruals and deferrals？( )A、Going concernB、MaterialityC、ConsistencyD、Stable monetary unit4、An accrued expense can best be described as an amount ( )A、Paid and currently matched with revenueB、Paid and not currently matched with revenueC、Not paid and not currently matched with revenueD、Not paid and currently matched with revenue5、Continuation of a business enterprise in the absence of contrary evidence is an example of the principle or concept of ( )A、Business entityB、ConsistencyC、Going concernD、Substance over form6、In preparing a bank reconciliation，the amount of checks outstanding would be：( )A、added to the bank balance according to the bank statement.B、deducted from the bank balance according to the bank statement.C、added to the cash balance according to the depositor’s records.D、deducted from the cash balance according to the depositor’srecords.7、Journal entries based on the bank reconciliation are requiredfor：( )A、additions to the cash balance according to the depositor’srecords.B、deductions from the cash balance according to the depositor’srecords.C、Both A and BD、Neither A nor B8、A petty cash fund is ：( )A、used to pay relatively small amounts。
会计专业英语学习资料
商誉goodwill 有形资产Tangible assets 处置disposal 摊销amortization固定资产Plant assets/Property plant and equipment/Fixed assets 股东Shareholder直线法Straight-line method 双倍余额递减法Double-declining-balance method年数总和法Sum-of-the-years’-digits method房地产中介Real estate broker定率递减余额法fixed-percentage-of-declining-balance method付款服务费用Escrow fee累计折旧Accumulated depreciation资产净值Book value/Carrying amount减值Impairment资本化Capitalize会计主体假设Business entity assumption公认会计准则GAAP(general accepted accounting principal)会计分期假设Time period assumption国际会计准则委员会IASB(international accounting standard board) 透支Bank overdraft国际会计准则IFRS(international financial reporting standard)持续经营假设Going concern assumption 内部审计Internal auditor货币计量假设Monetary unit assumption 历史成本原则Cost principal存deposit 取Withdrowal 收入确认原则Revenue recognition principle 配比原则Matching principal 汇率Exchange rate全面披露原则Full disclosure principal 会计恒等式accounting equation 背书Endorsement现金收据Cash receipt现金支出Cash disbursement 现金余额Cash balance筹资活动Financial activities经营活动Operating activities投资活动Investing activities应纳税所得Taxable income一般管理经费overhead 本金额Principal amount现值Present value股利、红利dividend 留存收益Retained earning 合同contract审计报告Audit report/auditor’s report佣金commission 支票本Checkbook 支票存根Check stubs 借/贷通知单Debit/Credit memorandom银行记账单Bank statement应收票据Notes receivable 经营周期Operating cycle直接核销法Direct write off method 备抵法Allowance method坏账准备Allowance for Doubtful Accounts 销售百分比法Percentage of sale应收账款百分比法Percentage of receivable 账龄分析法Aging of the accounts receivable到期日Maturity date(due day) 加权平均Weighted average (average cost)先进先出First-in, first-out(FIFO)后进先出Last-in, first-out(LIFO)可识别无形资产Identifiable intangible assets:Indentifiable intangible assets are those intangibles that can be purchased or sold separately from the other assets of the company.折旧Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life.可实现净值Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.权责发生制Accrual basis accounting:An accounting method that records financial events based on economic activity rather financial activity. Under accrual accounting revenue is recorded when it is earnd and realized, regardless of when actual payment is received.会计Accounting may be described as the process of identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of that information.An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise.现金cash:Accountants define cash as money on deposit in banks and any items that a bank will accept for deposit.企业已付银行未付Outstanding checks:Checks issued and recorded by the company but not yet presented to the bank for payment.应收账款Accounts receivable:Accounts receivable are liquid assets, usually being converted into cash within a period of 30 to 60 days.收入Revenue:Revenue is the gross inflow of economic benefits during the period arising in the course of the ordinary activities of an entity when those inflows result in increase in equity, other than increases relating to contributions from equity participants.收益应按照实收款项和应收款项的公允价值计算.Revenue shall be measured at the fair value of the consideration received or receivable.交易中所产生的收益一般是按照会计主体和资产购买或使用双方的协议决定的.The amount of revenue arising on a transaction is usually determined by agreement between the entity and the buyer or user of the asset.存货应该按照”成本”和”可实现净值”底的计算Inventories shall be measured at the lower of cost and net realisable value.存货包括那些买入是以卖出为目地的物品. 比如, 零售商买入机器设备是为再销售, 或者那些为了出售而买入的土地和其他的房产.Inventories encompass goods purchased and held for resale including, for example, merchandise purchased by retailer and held for resale, or land and other property held for resale.存货成本应该包括所有购买的费用, 生产的费用和其他那些发生在使存货转移到目前地点和状态的费用.the cost of inventories shall comprise all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.资产净值:Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation and accumulated impairment losses.折旧:Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life.残值:The residual value is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.Amortisation is the systematic allocation of the depreciable amountof an intangible asset over its useful life.开发：开发是指在进行商业性的生产或使用前，将研究成果或其他知识应用于某项计划或设计，以生产出新的或具有实质性改进的材料，装置，产品，工艺，系统或服务。
(完整word版)会计英语期末复习资料v.docx
09《会计英语》期末复习资料eful Phrases （短语）这个是给出中文让写英文1.Trading securities交易性金融资产2.Notes/accounts receivable应收票据 /帐款3.Provision for bad debts 坏帐准备4.Advances to suppliers 预付帐款5.Prepaid expenses待摊费用 (考过 )6.Accrued expenses 预提费用7.Accrued payroll 应付工资8.Dividends payable 应付股利9.Provision for loss on realization of inventory 存货变现损失准备10.Available-for-sale securities 可供出售的金融资产11.Hold-to-maturity securities 持有至到期投资12.Long-term investment in equity 长期股权投资13.Long-term investment maturing within one year 一年内到期的长期投资14.Receivables collectible after one year 一年以上应收款项15.Fixed assets - cost固定资产原价16.Fixed assets–net book value 固定资产净值17.Fixed assets–pending disposal 固定资产清理18.Accumulated depreciation 累计折旧19.Construction in progress 在建工程20.Intangible assets 无形资产21.Proprietary technology and patents 工业产权及专有技术22.Deferred tax assets递延所得税资产23.Current liabilities 流动债务24.Provisions for foreseeable liabilities 预计负债准备25.Premium/discount on debentures payable应付公司债券溢价 /折价26.Deferred tax liabilities 递延所得税负债27.Paid-in capital 实收资本28.Capital/Earnings surplus 资本 /盈余公积29.Undistributed profits 末分配利润30.Accumulated losses 累计亏损31.Profit and loss account利润表32.Sales discounts and allowances销售折扣与折让33.Impairment losses of assets资产减值损失34.Gain/loss on changes in fair value 公允价值变动收益 /损失35.Operating profit/loss 营业利润 / 亏损36.Non-operating income/expenses营业外收入 /支出 profit/loss after tax 税后净利润 /亏损38.Earnings per share (EPS)每股收益39.Basic/diluted EPS 基本 /稀释每股收益II.Abbreviations （缩略语）这个是给简写让你写出英语跟中文1.GAAP : Generally Accepted Accounting Principles .公认会计原则2.FASB : Financial Accounting Standards Board.财务会计准则委员会3.AICPA : American Institute of Certified Public Accountants.美国注册会计师协会4.CICPA : Chinese Institute of Certified Public Accountants.中国注册会计师协会5.MOF : the Ministry of Finance财政部6.SL Method : straight-line method.直线法P.252/77.ROA :return on assets资.产报酬率P.267/78.EPS :earning per share每.股收益P.351/99.P/E Ratio : the price/earning ration市盈率10.SCF : the statement of cash flows现金流量表III.Questions （回答问题）Lesson 1 --- Home AssignmentsDiscussion Questions: p.221.What are the four financial statements prepared by a proprietorship toprovide information for decision making?√They are: income statement (profit and loss account), statement of owner’s equity (capital statement, statement of retained earnings), balance sheet and cash flow statement.2.What is the proper formula presentation of the accounting equation?√Assets = Liabilities + [owner ’s equity + (Revenue–Expenses)]Exercise 1 - 2: p.23Foreman Corporation, engaged in a service business,completed the following selected transactions during the period:√1)Issued additional capital stock, receiving cash;2)Purchased supplies on account;3)Returned defective supplies purchased on account and not yet paid for;4)Received cash as a refund from the erroneous overpayment of anexpense;5)Charged customers for services sold on account;6)Paid utilities expense;7)Paid a creditor on account;8)Received cash on account from charge customers;9)Paid cash dividends to stockholders;10)Determined the amount of supplies used during the month.Lesson 2 --- Home AssignmentsDiscussion Questions: p.631.Does debit always mean increase and credit always mean decrease?√No, it does not. And debit or credit should not be confused with increase ordecrease. It depends on which side of an account is used for debit or credit.2.Given that assets have economic value and that they have debit balances,why do expenses also have debit balances?√Because expenses have the effect of decreasing capital, and just as decreases incapital are recorded as debit, increases in expense accounts are recorded as debits. Lesson 3---Home AssignmentsAnswer the following questions:1.Briefly explain the matching principle. （考过）√The matching principle states that expenses should be deducted (matched against) from the revenues earned in the same period.2.Why is an unearned revenue a liability? √Unearned revenue is a liability because the business owes the customer a good or service.Lesson 7---Home Assignments1.What do determinable current liabilities include? P.291 √They include trade accounts payable, current notes payable, current maturities of long-term obligations, cash dividends payable, accrued liabilities, and prepayments or deposits from customers.2.What does non-current liabilities represent? P.306 √It represents obligations of the firm that generally are due more than one yearafter the balance sheet date.3.What does the major portion of non-current liabilities consist of?P.306It consists of notes and bonds payable.Lesson 8---Home AssignmentsAnswer the following questions:1.What determines the yield rate of a company’s stock? √Dividends per share divided by market price per share determine the yield rateof a company‘s stock.2.What is P/E ratio? √The Price/Earning (P/E) ratio is the ratio of the market price per share toearnings per share.Lesson 9---Home AssignmentsAnswer the following questions:1.What are the three categories into which the SCF should be classified?They are a) cash flow from operating activities, b) cash flow from investing activities, cash flow from financing activities. √2.What is the usefulness of the SCF?√From SCF, the information users can know the reasons for the difference between net income and net cash flows from operating activities.IV .E-C Translation （英汉语篇翻译）让你写中文意思P.49/L.21.Preparing a Trial BalanceAccountants usually complete the posting of journal entries to the ledger accounts at the end of each month if they are using a manual system. With a computerized system, each posting is done automatically as each journal entry is recorded. The equality of debits and credits in the ledger should be verified at the end of each accounting period. To verify the accuracy of the recording process, accountants prepare a trial balance of the ledger accounts. A trial balance not only provides a check on the equality of debits and credits but also is a useful summary of account balances for preparing financial statements.[参考译文 ]编制试算表（考过）若使用的是手工录入系统的话，会计师通常是在每个月的月底完成日记帐到分类帐的过帐工作；若是用计算机系统的话，则每次过帐均在完成每笔日记帐的同时就自动完成了。
会计专业英语模拟试题及复习资料
《会计专业英语》模拟试题及答案一、单选题（每题1分，共 20分）1. Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost.2）In order to achieve comparability it may sometimes be necessary to override the prudence concept.3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed.4）To comply with the law, the legal form of a transaction must always be reflected in financial statements.A 1 and 3B 1 and 4C 3 onlyD 2 and 32.Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010he makes credit sales of $55 000 and receives cash of $46 500 from credit customers. What is the balance on the accounts receivables at 31 Dec 2010?A.$8 500 DrB.$8 500 CrC.$14 000 DrD.$14 000 Cr3.Should dividends paid appear on the face of a company’s cash flow statement?A. YesB. NoC. Not sureD. Either4.Which of the following inventory valuation methods is likely to lead to the highestfigure for closing inventory at a time when prices are dropping?A. Weighted Average costB. First in first out (FIFO)C. Last in first out (LIFO)D. Unit cost5. Which of following items may appear as non-current assets in a company’s the statement of financial position?(1) plant, equipment, and property(2) company car(3) €4000 cash(4) €1000 chequeA. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6. Whi ch of the following items may appear as current liabilities in a company’s balance sheet?(1) investment in subsidiary(2) Loan matured within one year.(3) income tax accrued untill year end.(4) Preference dividend accruedA (1), (2) and (3)B (1), (2) and (4)C (1), (3) and (4)D (2), (3) and (4)7. The trial balance totals of Gamma at 30 September 2010 are:Debit $992,640Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trial balance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.2. The balance on the motor expenses account $27,680 has incorrectly been listed in the trial balance as a credit.3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance.A 1 and 2B 2 and 3C 2 and 4D 3 and 48. Theta prepares its financial statements for the year to 30 April each year. The company pays rent for its premises quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was $84,000 per year until 30 June 2010. It was increased from that date to $96,000 per year. What rent expense and end of year prepayment should be included in the financial statements for the year ended 30 April 2010?Expense PrepaymentA $93,000 $8,000B $93,000 $16,000C $94,000 $8,000D $94,000 $16,0009. At 30 September 2010, the following balances existed in the records of Lambda:Plant and equipment: $860,000Depreciation for plant and equipment: $397,000During the year ended 30 September 2010, plant with a written down value of $37,000 was sold for $49,000. The plant had originally cost $80,000. Plant purchased during the year cost $180,000. It is the company.s policy to charge a full year depreciation in the year of acquisition of an asset and none in the year of sale, using a rate of 10% on the straight line basis. What net amount should appear in Lambda.s balance sheet at 30 September 2010 for plant and equipment?A $563,000B $467,000C $510,000D $606,00010. A company’s plant and machinery ledger account for the year ended 30 September 2010 was as follows:The company’s policy is to charge depreciation at 20% per year on the straight line basis, with proportionate depreciation in years of purchase and disposal. What is the depreciation charge for the year ended 30 September 2010?A $74,440B $84,040C $72,640D $76,84011. Listed below are some characteristics of financial information.(1) True(2) Prudence(3) Completeness(4) CorrectWhich of these characteristics contribute to reliability?A (1), (3) and (4) onlyB (1), (2) and (4) onlyC (1), (2) and (3) onlyD (2), (3) and (4) only12. The plant and machinery cost account of a company is shown below. The company’s policy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal.A. $67,000B. $64,200C. $70,000D. $68,60013. In preparing its financial statements for the current year, a company’s closi ng inventory was understated by $300,000. What will be the effect of this error if it remains uncorrected?A The current year’s profit will be overstated and next year’s profit will be understatedB The current year’s profit will be understated but there will be no effect on next year’s profitC The curr ent year’s profit will be understated and next year’s profit will be overstatedD The current year’s profit will be overstated but there will be no effect on next year’s profit.14. In preparing a company’s cash flow statement, which, if any, of the following items could form part of the calculation of cash flow from financing activities?(1) Proceeds of sale of premises(2) Dividends received(3) Issue of sharesA 1 onlyB 2 onlyC 3 onlyD None of them.15. At 31 March 2009 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 2010 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 March 2010 totalled $34,600. Based on these figures, what amount should appear in the company’s income statement for heating oil for the year?A $23,900B $36,100C $45,300D $33,10016. In times of inflation In times of rising prices, what effect does the use of the historical cost concept have on a company’s asset values and profit?A. Asset values and profit both undervaluedB. Asset values and profit both overvaluedC. Asset values undervalued and profit overvaluedD. Asset values overvalued and profit undervalued17. Beta purchased some plant and equipment on 01/07/2010 for $60,000. The estimated residual value of the plant in 10 years time is estimated to be $6,000. Beta’s policy is to charge depreciation on the straight line basis, with a proportionate charge in the period of acquisition. What should the depreciation charge for the plant be in Beta’s accou nting period of 18 months to 30/09/2010 ?A. $5400B. $900C. $1350D. $67518. A company’s income statement for the year ended 31 December 2005 showed a n et profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to the motor expenses account. It is the company’s policy to depreciate motor vans at 25 per cent per year on the straight line basis, with a full y ear’s cha rge in the year of acquisition. What would the net profit be after adjusting for this error?A.$97,100B.$70,100C.$106,100D.$101,60019. Which of the following statements are correct?(1) to be prudent, company charge depreciation annually on the fixed asset(2) substance over form means that the commercial effect of a transaction must always be shown in the financial statements even if this differs from legal form(3) in order to achieve the comparable, items should be treated in the same way year on yearA. 2 and 3 onlyB. All of themC. 1 and 2 onlyD. 3 only20. which of the following about accruals concept are correct?(1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant with it’s paid or notA. 2 and 3 onlyB. All of themC. 1 and 2 onlyD. 3 only二、翻译题（共30分）1、将下列分录翻译成英文（每个2分，共10分）1.借：固定资产清理 30 000累计折旧 10 000贷：固定资产 40 0002.借：银行存款 10 500贷：交易性金融资产 10 000投资收益 5003．借：应付职工薪酬 1 000贷：库存现金 1 0004．借：银行存款 4 095贷：其他业务收入 3 500应交税费–应交增值税（销项税额） 5955．借：应付票据 40 000贷：银行存款 40 0002、将下列报表翻译成中文（每空1分，共20分）1.ABC group the statement of financial position as at 31/Dec/2010€2.Non-current assets3.Intangible assets4.Property, plant and equipment5.Investment in associates6.Held-for-maturity investment7.Deferred income tax assets8.Current Assets9.Trade and other receivables10.Derivative financial instruments11.Cash and cash equivalents12.Assets of discontinued operation13.Assets in total14.Current Liabilities15.Accrued payroll16.Accrued dividend17.Accrued accounts18.Non-current Liabilities19.Liabilities in total Assets三、阅读题（共30分）Research and development (R&D)Accounting treatment of R&DUnder International Accounting Standards the accounting for R&D is dealt with under IAS 38, Intangible Assets. IAS 38 states that an intangible asset is to be recognised if, and onlyif, the following criteria are met: it is probable that future economic benefits from the asset will flow to the entity, the cost of the asset can be reliably measured.The above recognition criteria look straightforward enough, but in reality it can prove to be very difficult to assess whether or not these have been met. In order to make this recognition of intangibles more clear, IAS 38 separates an R&D project into a research phase and a development phase.Research phaseIt is impossible to demonstrate whether or not a product or service at the research stage will generate any probable future economic benefit. As a result, IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.Development phaseUnder IAS 38, an intangible asset arising from development must be capitalised if an entity can demonstrate all of the following criteria: the technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset; existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably. If any of the recognition criteria are not met then the expenditure must be charged to the income statement as incurred. Note that if the recognition criteria have been met, capitalisation must take place. Once development costs have been capitalised, the asset should be amortised in accordance with the accruals concept over its finite life. Amortisation must only begin when commercial production has commenced.Questions:1)Outline the criterias of recognition of intangible assets （5分）2)Criterias to recognised as development (5分)3)Identify the accounting treatment of research phase （10分）4)Identify the accounting treatment of development phase （10分）四、业务题（按要求用英文编制分录，每题2分，共20分）Johnny set up a business and in the first a few days of trading the following transactions occurred (ignore all the tax):1)He invests $80 000 of his money in his business bank account2)He then buys goods from Isabel, a supplier for $4 000 and pays by cheque, the goods isdelivered right after the payment3) A sale is made for $3 000 –the customer pays by cheque4)Johnny makes another sale for $2 000 and the customer promises to pay in the future5)He then buys goods from another supplier, Kamen, for $2 000 on credit, goods isdelivered on time6)He pays a telephone bill of $800 by cheque7)The credit customer pays the balance on his account8)He returened some faulty goods to his supplier Kamen, which worth $400.9)Bank interest of $70 is received10)A cheque customer returned $400 goods to him for a refund参考答案1、单选题1-5 CCACB 6-10 DCDCD 11-15 ABCDD 16-20 CBABA2、翻译题1）中翻英1.Dr disposal of fixed assetDepreciationCr fixed asset2. Dr BankCr Tradable financial assetInvestment income3．Dr accrued payrollCr cash4．Dr bankCr other operating revenueAccrued tax-V AT (output)5．Dr accrued notesCr bank2) 英翻中1.编制单位：ABC 资产负债表时间：2010年12月31日单位：欧元2.非流动资产3.无形资产4.固定资产5.长期股权投资6.持有至到期投资7.递延所得税资产8.流动资产9.应收账款及其他应收款10.货币资金11.非持续性经营资产12.资产总计13.负债14.流动负债15.应付职工薪酬16.应付股利17.应付账款18.非流动负债19.负债总计20.净资产3、阅读题1)Outline the criterias of recognition of intangible assets （5分）IAS 38 states that an intangible asset is to be recognised if, and only if, the following criteria are met: it is probable that future economic benefits from the asset will flow to the entity, the cost of the asset can be reliably measured.2)Criterias to recognised as developmentthe technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset;existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably.3)Identify the accounting treatment of research phase （10分）IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.4)Identify the accounting treatment of development phase （10分）intangible asset arising from development must be capitalised Once development costs have been capitalised, the asset should be amortised in accordance with the accruals concept over its finite life. Amortisation must only begin when commercial production has commenced.4、业务题1)Dr bankCr capital2)Dr finished goodsCr bank3)Dr bankCr sales revenue4)Dr accounts receivableCr sales revenue5)Dr finished goodsCr accrued accounts6)Dr administrativeCr bank7)Dr bankCr accounts receivable8)Dr bankCr finished goods9)Dr bankCr financial expense10)Dr sales revenueCr bank。
会计英语总复习
会计英语总复习1. The definition of accounting: Accounting is the process of recording, classifying, summarizing, analyzing and interpreting business transactions in monetary terms. Accounting is often called “the language of business.”P12. The definition of assets, liability, equity, income, expense and profit. P2-33. Accounting equation (会计等式): asset = liability + owner’s equity. P24. owner withdrawal (所有者退股) influences owner’s equity.5. Double-entry bookkeeping: every transaction is recorded at least twice.6. A credit note (抵扣发票) may be issued (签发) when the seller has:P151) Overstated the amount payable on an invoice.发票上超额的应付款项2) Received goods returned from customers.收到客户退货的货物3) Damaged goods were sent to the buyer.有损坏的货物发给购买方4) Discount is allowed to the buyer.给购买方的折扣7. The definition and description of bank draft. P198. What is direct debit? P209. drawer/maker 出票人；payee 收款人；drawee 付款人10. P2711. Personal accounts are memorandum accounts only, which to indicate that the recording of transactions in these accounts is not part of the double entry. 个别账户仅作为备查账簿存在，他们并不遵循复式记账原则。
会计英语培训资料
会计英语培训资料1. 介绍本文档介绍了会计英语培训资料，旨在帮助学习会计专业的人士提升他们的英语水平，特别是在与会计相关的工作中。
本文档包括了会计英语的基础知识、常用词汇和表达，以及实用的语法和写作技巧。
2. 会计英语基础知识2.1 会计专业术语在学习会计英语之前，了解一些基本的会计专业术语是很重要的。
以下是一些常见的会计术语的英文翻译：•资产 (Assets)•负债 (Liabilities)•所有者权益 (Equity)•收入 (Income)•成本 (Cost)•利润 (Profit)•现金流量 (Cash flow)•财务报表 (Financial statements)2.2 会计原则会计原则是会计工作的基础，理解和掌握这些原则对于正确运用会计英语至关重要。
以下是一些常见的会计原则及其英文表达：•全盘概念 (Going concern concept)•会计主体 (Accounting entity)•会计周期 (Accounting period)•公允价值 (Fr value)•成本原则 (Cost principle)•可比性 (Comparability)•重要性 (Materiality)•一致性 (Consistency)3. 会计英语常用词汇和表达3.1 会计报表相关词汇在与会计报表相关的工作中，掌握以下词汇和表达将有助于准确理解和使用会计英语：•资产负债表 (Balance sheet)•损益表 (Income statement)•现金流量表 (Cash flow statement) •经营活动现金流量 (Operating activities cash flow)•投资活动现金流量 (Investing activities cash flow)•筹资活动现金流量 (Financing activities cash flow)•净利润 (Net income)•总资产 (Total assets)3.2 会计审计相关词汇会计审计是会计工作中的重要环节，以下是一些与会计审计相关的词汇和表达：•外部审计 (External audit)•内部审计 (Internal audit)•审计师 (Auditor)•会计准则 (Accounting standards)•审计报告 (Audit report)•无保留意见 (Unqualified opinion)•保留意见 (Qualified opinion)•强调事项 (Emphasis of matter)4. 会计英语语法和写作技巧4.1 语法规则掌握一些基本的会计英语语法规则是提高语言表达能力的重要一步。
会计英语复习资料答案
会计英语复习资料答案一、选择题1. D2. B3. C4. A5. B6. C7. A8. D9. B10. C二、填空题1. balance sheet2. income statement3. cash flow statement4. trial balance5. depreciation6. accounts payable7. accounts receivable9. current assets10. long-term liabilities三、解答题1. 会计的定义：会计是一门研究经济活动并以货币为主要计量单位，记录、分析和报告企业财务信息的学科。
2. 会计的目的：会计的目的是为了提供有关企业财务状况和经营成果的信息，以便匡助利益相关者做出决策。
3. 资产、负债和所有者权益：资产是企业拥有的具有经济价值的资源，包括现金、存货、固定资产等。
负债是企业所欠的债务和对付的款项，包括对付账款、长期负债等。
所有者权益是企业的净资产，包括股东投资和留存收益。
4. 会计方程式：会计方程式是会计中最基本的概念，它表达了资产、负债和所有者权益之间的关系。
会计方程式为：资产 = 负债 + 所有者权益。
5. 会计凭证：会计凭证是记录和证明企业经济交易的书面文件，包括收据、发票、支票等。
会计凭证的目的是确保交易的准确性和完整性，为后续的账务处理提供依据。
会计周期是指将企业的经营活动划分为一定的时间段进行记录和报告。
常见的会计周期包括月度、季度和年度，不同的周期可以满足不同利益相关者的需求。
7. 财务报表：财务报表是企业根据会计准则编制的反映财务状况和经营成果的文件。
常见的财务报表包括资产负债表、利润表和现金流量表，它们提供了企业的财务信息给利益相关者。
8. 会计原则：会计原则是会计准则的基础，它规定了会计记录和报告的基本原则和规范。
常见的会计原则包括货币计量原则、实体概念、会计周期原则等，它们确保了会计信息的可靠性和可比性。
会计专业英语知识点汇总
会计专业英语知识点汇总会计专业是现代商业领域中非常重要的一门专业。
在学习会计专业时，除了掌握会计理论和实践技巧外，掌握一定的英语知识也是非常重要的。
本文将为大家汇总一些会计专业的英语知识点，希望能够帮助到学习会计专业的同学们。
1.会计基础知识 (Accounting Basics)–Assets：资产–Liabilities：负债–Equity：所有者权益–Revenue：收入–Expenses：费用–Balance Sheet：资产负债表–Income Statement：损益表–Cash Flow Statement：现金流量表2.会计准则和规范 (Accounting Standards and Regulations)–Generally Accepted Accounting Principles (GAAP)：通用会计准则–International Financial Reporting Standards (IFRS)：国际财务报告准则–Financial Accounting Standards Board (FASB)：美国财务会计准则委员会–International Accounting Standards Board (IASB)：国际会计准则委员会3.资产负债表相关术语 (Balance Sheet Terminology)–Current Assets：流动资产–Non-current Assets：非流动资产–Current Liabilities：流动负债–Non-current Liabilities：非流动负债–Shareholders’ Equity：股东权益–Goodwill：商誉–Depreciation：折旧–Amortization：摊销4.损益表相关术语 (Income Statement Terminology)–Gross Profit：毛利润–Operating Income：营业收入–Operating Expenses：营业费用–Net Income：净收入–Earnings per Share (EPS)：每股收益5.现金流量表相关术语 (Cash Flow Statement Terminology)–Cash Inflows：现金流入–Cash Outflows：现金流出–Operating Activities：经营活动–Investing Activities：投资活动–Financing Activities：筹资活动–Net Cash Flow：净现金流量6.会计报表分析 (Financial Statement Analysis)–Ratio Analysis：比率分析–Liquidity Ratios：流动性比率–Solvency Ratios：偿债能力比率–Profitability Ratios：盈利能力比率–Efficiency Ratios：效率比率7.审计和内部控制 (Auditing and Internal Control)–Audit：审计–Internal Control：内部控制–Segregation of Duties：职责分离–Internal Audit：内部审计–External Audit：外部审计8.税务会计 (Tax Accounting)–Taxable Income：应税收入–Tax Deductions：税收减免–Tax Credits：税收抵免–Tax Liability：税务负债–Tax Planning：税务规划这些是会计专业中一些重要的英语知识点，希望能够帮助到学习会计专业的同学们。
2020年(财务会计)会计专业英语复习资料
（财务会计）会计专业英语复习资料会计专业英语复习资料一、短语中英互译1、会计分录2、投资活动3、后进先出法4、客观性原则5、注册会计师6、权责发生制7、累计折旧8、资产负债表9、经营决策10、银行存款11、到期日12、历史成本13、sourcedocument14、nominalrate15、creditsale16、sum-of-years-digitsmethod17、economicentityassumption18、financialposition19、fixedassets20、publichearing21、incomestatement22、salesdiscount23、valueaddedtax24、trademark25、bankoverdraft二、从下列选项中选出最佳答案1、Generally，revenueisrecordedbyabusinessenterpriseatapointwhen：()A、M anagementdecidesitisappropriatetodosoB、TheproductisavailableforsaletoconsumersC、A nexchangehastakenplaceandtheearningprocessisvirtuallycompleteD、Anorderformerchandisehasbeenreceived2、Whyarecertaincostscapitalizedwhenincurredandthendepreciatedoramorti zedoversubsequentaccountingperiods？()A、T oreducetheincometaxliabilityB、ToaidmanagementinmakingbusinessdecisionsC、T omatchthecostsofproductionwithrevenueasearnedD、Toadheretotheaccountingconceptofconservatism3、Whataccountingprincipleorconceptjustifiestheuseofaccrualsanddeferrals ？()A、G oingconcernB、MaterialityC、C onsistencyD、Stablemonetaryunit4、Anaccruedexpensecanbestbedescribedasanamount()A、P aidandcurrentlymatchedwithrevenueB、PaidandnotcurrentlymatchedwithrevenueC、N otpaidandnotcurrentlymatchedwithrevenueD、Notpaidandcurrentlymatchedwithrevenue5、Continuationofabusinessenterpriseintheabsenceofcontraryevidenceisane xampleoftheprincipleorconceptof()A、B usinessentityB、ConsistencyC、G oingconcernD、Substanceoverform6、Inpreparingabankreconciliation，theamountofchecksoutstandingwouldbe：()A、a ddedtothebankbalanceaccordingtothebankstatement.B、deductedfromthebankbalanceaccordingtothebankstatement.C、a ddedtothecashbalanceaccordingtothedepositor’srecords.D、deductedfromthecashbalanceaccordingtothedepositor’srecords.7、Journalentriesbasedonthebankreconciliationarerequiredfor：()A、a dditionstothecashbalanceaccordingtothedepositor’srecords.B、deductionsfromthecashbalanceaccordingtothedepositor’srecords.C、B othAandBD、NeitherAnorB8、Apettycashfundis：()A、u sedtopayrelativelysmallamounts。
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会计专业英语复习资料一、短语中英互译1、会计分录2、投资活动3、后进先出法4、客观性原则5、注册会计师6、权责发生制7、累计折旧8、资产负债表9、经营决策10、银行存款11、到期日12、历史成本13、sourcedocument14、nominalrate15、creditsale16、sum-of-years-digitsmethod17、economicentityassumption18、financialposition19、fixedassets20、publichearing21、incomestatement22、salesdiscount23、valueaddedtax24、trademark25、bankoverdraft二、从下列选项中选出最佳答案1、Generally，revenueisrecordedbyabusinessenterpriseatapointwhen：()A、ManagementdecidesitisappropriatetodosoB、TheproductisavailableforsaletoconsumersC、AnexchangehastakenplaceandtheearningprocessisvirtuallycompleteD、Anorderformerchandisehasbeenreceived2、Whyarecertaincostscapitalizedwhenincurredandthendepreciatedoramor tizedoversubsequentaccountingperiods？()A、ToreducetheincometaxliabilityB、ToaidmanagementinmakingbusinessdecisionsC、TomatchthecostsofproductionwithrevenueasearnedD、Toadheretotheaccountingconceptofconservatism3、Whataccountingprincipleorconceptjustifiestheuseofaccrualsanddeferrals ？()A、GoingconcernB、MaterialityC、ConsistencyD、Stablemonetaryunit4、Anaccruedexpensecanbestbedescribedasanamount()A、PaidandcurrentlymatchedwithrevenueB、PaidandnotcurrentlymatchedwithrevenueC、NotpaidandnotcurrentlymatchedwithrevenueD、Notpaidandcurrentlymatchedwithrevenue5、Continuationofabusinessenterpriseintheabsenceofcontraryevidenceisan exampleoftheprincipleorconceptof()A、BusinessentityB、ConsistencyC、GoingconcernD、Substanceoverform6、Inpreparingabankreconciliation，theamountofchecksoutstandingwouldbe：()A、addedtothebankbalanceaccordingtothebankstatement.B、deductedfromthebankbalanceaccordingtothebankstatement.C、addedtothecashbalanceaccordingtothedepositor’srecords.D、deductedfromthecashbalanceaccordingtothedepositor’srecords.7、Journalentriesbasedonthebankreconciliationarerequiredfor：()A、additionstothecashbalanceaccordingtothedepositor’srecords.B、deductionsfromthecashbalanceaccordingtothedepositor’srecords.C、BothAandBD、NeitherAnorB8、Apettycashfundis：()A、usedtopayrelativelysmallamounts。
B、establishedbyestimatingtheamountofcashneededfordisbursementsofrelativelysmallamountsaspecifiedperiod。
C、reimbursedwhentheamountofmoneyinthefundisreducedtopredeterminedminimumamount。
D、alloftheabove。
9、Acorporationhastwoequitysecurities，whichitholdsasatemporaryinvestment.IfsecurityAhasacostof$150，000andafairmarketvalueof$120,000,securityBhasacostof$200,000andafai rmarketvalueof$150,000,atwhatamountshouldthesesecuritiesbereported inthecurrentassetssectionofthecorporation’sbalancesheet?()A、$350,000B、$320,000C、$300,000D、$270,00010、Underwhatcaptionwouldaninvestmentinstockthatisholdasatemporaryinv estmentbereportedinthebalancesheet？()A、CurrentassetsB、PlantassetsC、InvestmentsD、Noneoftheabove11、Ifthemerchandiseinventoryattheendoftheyearisoverstatedby$7,500theer rorwillcausean:A.overstatementofcostofmerchandisesoldfortheyearby$7,500B.understatementofgrossprofitfortheyearby$7,500C.overstatementofnetincomefortheyearby$7,500D.understatementofnetincomefortheyearby$7,50012.Theinventorysystememployingaccountingrecordsthatcontinuouslydis closetheamountofinventoryiscalled:()A.periodicB.perpetualC.physicalD.retail13.Theinventorycostingmethodthatisbasedontheassumptionthatcostssh ouldbechargedagainstrevenueintheorderinwhichtheywereincurredis:()A.FIFOB.LIFOC.averagecostD.perpetualinventory14.Ifmerchandiseinventoryisbeingvaluedatcostandthepricelevelisrising,t hemethodofcostingthatwillyieldthelargestnetincomeis:()A.FIFOB.LIFOC.averageD.periodic15.Ifafirmpurchases$100,000ofbondsofXcompanyat101plusaccruedinter estof$2,000andpaysbroker’scommissionsof$50,theamountdebitedtoIn vestmentinXCompanyBondsmaybe:()A.$100,000B.$101,050C.$103,000D.noneoftheabove16.Theowner’sequityinacorporationiscommonlycalled:()A.capitalB.stockholders’equityC.shareholders’investmentD.alloftheabove17.Ifacorporationreacquiresitsownstock,thestockislistedonthebalanceshe etinthe:()A.currentassetssectionB.long-termliabilitiessectionC.stockholders’equitysectionD.noneoftheabove18.Paid-incapitalforacorporationmayoriginatefromwhichofthefollowings ources?()A.RealestatedonatedtothecorporationB.Redemptionofthecorporation’sownstockC.Saleofthecorporation’streasurystockD.alloftheabove19.Duringitsfirstyearofoperations,acorporationelectedtousethestraight-li nemethodofdepreciationforfinancialreportingpurposesandthesum-of-th e-years-digitsmethodindeterminingtaxableincome.Iftheincometaxrateis 45%andtheamountofdepreciationexpenseis$60,000underthestraight-lin emethodand$100,000underthesum-of-the-years-digitsmethod,whatisth eamountofincometaxdeferredtofutureyears?()A.$18,000B.$27,000C.$45,000D.noneoftheabove20.Anappropriationforplantexpansionwouldbereportedonthebalanceshe etin:()A.theplantassetssectionB.thelong-termliabilitiessectionC.thestockholders’equitysectionD.noneoftheabove三.判断题,正确的写”T”.错误的写”F”1.Manypeoplehavechosenaccountingasaprofessionbecauseofitsmanydisadvantages.()2.Accountingmaybespecialistsinoneofmanyfieldsofexpertisesuchasa uditing,budgeting,taxation,orfinancialreporting.()3.Theaccountingequationis:Assets=Owners'equity.()4.Theaccountingequationis:Assets=liabilities+Equities.()5.Inaccounting,theleftsideiscalleddebit,abbreviated"Cr",andtherights ideiscalledthecredit,abbreviated"Dr".()6.Thewords"todebit"and"tocredit"arethesame.()7.Inordertoreflectthechangesoftheaccountingobjectivesclearly,wesh oulddividethemintofourkinds---Assets,liabilities,Owners'equityandLoss,e tc.()8.Mostbusinesshavemanysameaccounts.()9.Therecordingvouchershouldbedividedintothreekinds—thereceipt, paymentandtransfervoucher.()10.Vouchersofaccountingisincludingtheoriginalvoucher.()四、经济业务描述题1.OnJanuary1,theownerofAnn’sDeliveryServiceCompany,AnnMoe,invested$25,000cashtogetthebusinessstarted.2.OnJanuary3,thebusinesspurchasedofficeequipmentonaccountfor$1500.3.OnJanuary5,officesuppliesarepurchasedfor$450cash.4.OnJanuary10,thecompanypaid$700towardwhatwasowedonapreviousobligation.5.OnJanuary12,deliveryserviceswereperformedwhichresultedindeliveryfeesfor$500,whichwillbepaidintwoweeks.6.OnJanuary15,thebusinessborrows$4,000atthebank,givinga30daynote.7.OnJanuary17,theownerwithdrew$200cashforpersonaluse.8.OnJanuary20,deliveryservicesarerenderedfor$2,500cash..五、段落中英互译1.业主权益被定义为资产总额对负债总额的超出额，这一余额代表业主在企业中的权益的账面价值。