会计专业英语模拟试题及答案.docx

1、会计专业英语模拟试题及答案会计专业英语模拟试题及答案一、单选题 （每题1分，共 20分）1. Which of the following statements about accounting concepts or assumptions are correct?1） The money measurement assumption is that items in accounts are initially measured at their historical cost.2） In order to achieve comparability it may sometimes be

2、 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

3、 onlyD 2 and 3Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit customers.What is the balance on the accounts receivables at 31 Dec 2010?$8 500 Dr $8 500 Cr $14 000 Dr $14 000 Cr Should divi

4、dends paid appear on the face of a companys cash flow statement? Yes No Not sure EitherWhich of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping? Weighted Average cost First in first out (FIFO) Last in first ou

5、t (LIFO) Unit cost5. Which of following items may appear as non-current assets in a companys 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. Which of the following items may appear as cur

6、rent liabilities in a companys 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 Septembe

7、r 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 ha

8、s 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

9、. 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 yea

10、r. 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

11、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

12、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 companys plan

13、t and machinery ledger account for the year ended 30 September 2010 was as follows:Plant and machinery cost2009 $2010 $1 October balance b/f 381 2001 June Disposal 36 0001 Dec cash 18 00030 Sept balance c/f 363 200 399 200 399 20030 Sept balance b/f 363 200 The companys policy is to charge depreciat

14、ion 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) P

15、rudence(3) Completeness(4) CorrectWhich of these characteristics contribute to reliability?A (1), (3) and (4) only B (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 companys policy is to charge depreciation

16、at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal.Plant and machinery cost2009 $2009 $1 Jan balance b/f 280 00030 June disposal 14 0001Apr cash 48 0001Sept cash 36 00031 Dec balance c/f 350 000 364 000 364 000Balance b/f 350 000What should be the

17、 depreciation charge for the year ended 31 December 2009? $67,000 $64,200 $70,000 $68,60013. In preparing its financial statements for the current year, a companys closing inventory was understated by $300,000. What will be the effect of this error if it remains uncorrected?A The current years profi

18、t will be overstated and next years profit will be understatedB The current years profit will be understated but there will be no effect on next years profitC The current years profit will be understated and next years profit will be overstatedD The current years profit will be overstated but there

19、will be no effect on next years profit.14. In preparing a companys 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 N

20、one 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

21、 31 March 2010 totalled $34,600. Based on these figures, what amount should appear in the companys 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

22、companys asset values and profit? Asset values and profit both undervalued Asset values and profit both overvalued Asset values undervalued and profit overvalued Asset values overvalued and profit undervalued17. Beta purchased some plant and equipment on 01/07/2010 for $60,000. The estimated residua

23、l value of the plant in 10 years time is estimated to be $6,000. Betas 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 Betas accounting period of 18 months to 30/09/2010 ? $

24、5400 $900 $1350 $67518. A companys income statement for the year ended 31 December 2005 showed a net 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 companys policy to depreciate motor vans at 25 per ce

25、nt per year on the straight line basis, with a full years charge in the year of acquisition. What would the net profit be after adjusting for this error?$97,100$70,100 $106,100 $101,60019. Which of the following statements are correct?(1) to be prudent, company charge depreciation annually on the fi

26、xed 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 only B. All of themC. 1 and

27、2 only D. 3 only 20. 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 wi

28、th its paid or notA. 2 and 3 only B. All of themC. 1 and 2 only D. 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）借：固定资产清理 30 000累计折旧 10 000 贷：固定资产 40 000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

29、表翻译成中文 （每空1分，共20分） ABC group the statement of financial position as at 31/Dec/2010 Non-current assetsIntangible assets Property, plant and equipment Investment in associates Held-for-maturity investment Deferred income tax assets Current AssetsTrade and other receivables Derivative financial instrum

30、ents Cash and cash equivalents Assets of discontinued operation Assets in total Current LiabilitiesAccrued payrollAccrued dividendAccrued accounts Non-current Liabilities Liabilities in total Net Assets 三、阅读题（共30分）Research and development (R&D)Accounting treatment of R&DUnder International Accountin

31、g 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 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.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 3