财务报表分析综合题

Cumulative
700 1,700 2,500
Estimated remaining costs 1,800
800
0
to complete
Amounts billed and cash received
Current year
$800 $ 1,000 $1,200
Cumulative
800 1,800 3,000
Problem: 比较全部完工法和完工百分比法
On December 31,2006, XX construction entered into a major long-term construction with the following terms:
2007 2008 2009
Cost incurred: current year $ 700 $ 1,000 $800
题型
• Ⅰ.根据教材，用英语解释下列专业术语）（共6题， 每题2分，共12分）
• Ⅱ. 不定项选择(7×2’=14’)（中文） • Ⅲ. 判断题(7×1’=7’) （中文） • Ⅳ. （综合题） (37’) • 1.比较完工百分比法和全部完工法（12’） • 2.用直接法和间接法编制现金流量表（10’） • 3.比率计算（8’） • 4.比较先进先出法和加权平均法（7’）
2007
$840
$840 $700 $140
2008 1.7/2.7= 62.96% $1888.89 $1048.89 $1000 $48.89
2009
$3000 $1111.11 $1000 $111.11
Homework 3.a(i) indirect method
• Net income • Add noncash expense: • Depreciation expense • Interest expense • Add/Subtract changes in working capital: • Accounts receivable • Inventory • Accrued liabilities • Accounts payable
Pretax Income
$140 200 160
$500
Year
2007 2008 2009 Total
Current Period Revenue $0 0 3000 $3000
Current Period Expense $0 0 2500 $2500
Pretax Income
$0 0 500 $500
Advance billings (net)
0
0
0
Retained earnings
140 340 500
Total liabilities and equity 140 340 500
c. There is no change in 2008 revenues and pretax income (both are $0.000) under the completed contract method because no revenue or income can be recognized prior to completion.
• Questions:
• A. Show the revenue and pretax income for each year under both the percentage-of-completion and completed contract methods.（用两种方法列示各年收入和税前利润）
• B. Show the balance sheet accounts of the end of these three years resulting from the contract under both methods.（用两种方法列示各年资产负债表账户余额）
• C. Assume that total projected costs increase by $200 and the change in estimate is made at December 31, 2008. Compute the revenue and pretax income for these years under the revised assumption.
Under the percentage-of-completion method (revised)
Year Cumulative Cumulativ Current Current Pretax % Completion e Revenue Period Period Income Revenue Expens e
$1,080
600 600
(150) (200)
80 120
• Cash from operations:
$2,130
3.a(ii) direct method
• Cash collections • Cash payments for merchandise • Cash paid for SG&A • Cash paid for taxes • Cash from Operations:
• Answer: • 1. a.
Year Cumulative % Completion
2007源自文库2008 2009 Total
0.7/2.5 = 28% 1.7/2.5 = 68% 2.5/2.5= 100%
Cumulative Current Current Revenue Period Period Revenue Expense $840 $840 $700 2040 1200 1000 3000 960 800 $3000 $2500
• b. Balance Sheet on December 31, 2000
2007 2008
Assets Cash Construction in progress (net) Total assets
100 100 40 240
140 340
2009
500 0
500
Liabilities and equity