对外经济贸易大学 会计学研究生入学考试 专业课模拟题（三）及参考答案.doc

中国考研辅导第一责任品牌专业课模拟题（三）English Part:1. Give a brief explanation for the following terms.（1）Junk bonds（2）Stock split（3）Cash equivalent（4）Maturity value（5）Line of credit2. True and False（1）At any time, the revenue should be recognized at the time goods are sold or services are rendered, without regard to when cash payment is received.（2）The preparation of a trial balance does not prove that transactions have been correctly analyzed and recorded in the proper accounts.（3）Dividends paid to stockholders are reported in the income statement as an expense, it represents a decision by a corporation to distribute a portion of its income to stockholders and it is included in the computation of income.（4）Under periodic inventory system, the year-end inventory is determined by taking a complete physical count of the merchandise on hand, then the ending inventory is known and the cost of goods sold for the entire year can be determined by a short computation.（5）The employee who reconciles the bank statement can also have other responsibilities for physically handing cash.（6）An error in the valuation of inventory has exactly the opposite effects on the net incomes of the two successive years, so the fact that offsetting errors can lessen the consequences of errors in inventory valuation.3. Multiple choice questions.(1)Which of the following sentences is wrong? A. Balance Sheet is sometimes referred to as a statement of financial position. B. Information about contributions by the owner during the period can be found in the prepared income statement. C. Judgment by accountants will still enter into the financial reporting process even though under the GAAP. D. Many assets are originally recorded in accounting records at their cost to the business entity.(2) Which of the following statements is correct? A. Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets. B. The cost of a machine includes the cost of repairing damage to the machine during the installation process. C. A company may use different depreciation methods in its financial statements and its income tax return. D. The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the straight-line method.(3) Which of the following account would never be reported in the income statement?A. Income taxes expenseB. Dividend expenseC. Salary expenseD. Interest Expense(4)Which one of the following items would likely increase EPS of a corporation? A. Declaration of a stock dividend. B. Declaration of a stock split. C. Purchase treasury stock. D. A reduction in the amount of cash dividends paid(5)A companys current ration is 2.5 to 1 and its current assets is 75000, the working capital is: A. 28000 B. 45000 C. 112500 D. 60000(6)When treasury stock is reissued at a price above cost: A. The corporation recognizes a gain on the transaction. B. Total paid-in-capital is increased. C. The re-issuance in treated as an extraordinary item in the corporations income statement. D. Retained earnings was increased.(7)In a decade of steadily rising prices, the inventory method which would produce the largest inventory cost on the balance sheet would be: A. FIFO method B.LIFO method C. Weighted-average method D. Activity method(8) If a company is profitable and is effectively using leverage, which one of the following ratios is likely to be the largest? A. Return on total assets B. Return on operating assets C. Return on common equity D. Return on total stockholders equity(9)An product purchased in 2009 for 100 has been wrongly written down to current replacement cost of 80. And the product is currently sold in 2010 for 120- its normal selling price. Which of the following statements is correct? A. Income for 2009 is overstated B. The cost of sales for 2010 will be overstated C. Income for 2010 is overstated D. The closing inventory of 2009 is overstated4. Translate the following statements from Chinese to English.（1）月末银行对账单上的现金余额通常与储户总分类账的现金余额不同，这是由于存在银行或储户中一方已记录而另一方尚未记录的事项，例如未兑现支票和在途存款。银行余额调节表根据未达账项调节储户会计记录和银行对账单的余额，以确定月末资产负债表正确的现金数量。银行余额调节表的作用是使储户和银行两方独立记录的现金交易最终一致。当两边的记录被调节后，就可以确定现金交易的会计记录是正确的。（2）当股份公司普通股的市价增值很大时，可能对许多投资者变得过于昂贵。这种情况发生时，公司可以通过分割其股票而增加发行在外的普通股股数。股票分割的目的是减少公司普通股的市价，带有使得投资者更能买得起的意图。股票分割并不影响任何账户的余额，所以，交易仅仅用一个备忘录予以记录。 5. Translate the following statements into Chinese.（1）When a business closes its accounts only at year-end, the revenue, expense, and dividend accounts have balances representing the activities of the year-to-date. To prepare an income statement for any period shorter than the year-to-date, we subtract from the current balance in the revenue or expense account the balance in the account as of the beginning of the desired period. This process of subtracting prior balances from the current balance is repeated for each revenue and expense account and for the dividend account. No computations of this type are required for the balance sheet accounts, as a balance sheet is based on the account balances at the balance sheet date.(2)Preferred stock has preference over common stock with respect to dividends and to distributions in the event of liquidation. This preference means that preferred stockholders must be paid in full before any payments are made to holders of common stock. The dividends on preferred stock usually are fixed in amount. In addition, the stock often has no voting rights. Preferred stocks sometimes have special features, such as being convertible into shares of common stock.6. Statement of Cash FlowsBelow is the company Xs Income Statement for the year ended December 31, 2010Revenue: Net sales9500000 Interest income320000 Gain on sales of marketable securities70000 Total revenue and gains9890000Costs and expenses: Cost of goods sold4860000 Operating expenses(including depreciation of 700000)3740000 Interest expense270000 Income taxes300000 Loss on sales of plant assets90000 Total costs, expenses, and losses9260000Net income630000Other items in the companys balance sheet accounts over the year are as follows:Accounts Receivable decreased by 85000;Accrued Interest Receivable increased by 15000;Inventory decreased by 280000, and Accounts Payable to suppliers of merchandise decreased by 240000;The liability for Accrued Interest Payable decreased by 16000 during the year;Short-term prepayments of operating expenses decreased by 18000, and accrued liabilities for operating expenses increased by 35000Required:Compute the following items:(1) Cash received from customers(2) Interest received(3) Cash paid to suppliers and employees(4) Interest paid中文部分：1、名词解释（1）营运资本（2）保本点（3）再订货点（4）综合收益2.填空题（1）利润表的编制格式通常有_ 和_。（2）在新会计准则中，需要以公允价值计量的有：_、_ (写出两个即可)。（3）常用的财务业绩评价指标有_、_ 、_、_ 等。（4）内部报酬率的实质就是_。3.问答题（1）持续经营假设的含义及其对企业会计行为的影响。（2）什么是成本中心、利润中心和投资中心，它们的主要业绩评价指标各是什么？（3）什么是适时管理系统？有什么特点？4.综合分析题（1）企业的现金流量可以归为经营活动、投资活动和筹资活动的，投资活动（投资收益）也会产生净现金流量，也可用于维护企业经营活动，为什么企业对经营活动的现金流量有更高的要求？（2）质量较好的现金流量有哪些特征？（3）如何进行企业现金流量的质量分析？专业课模拟题（三）参考答案English Part:1. Give a brief explanation for the following terms.（1）Junk bondsJunk Bonds are high yield bonds issued by companies that are considered highly speculative because of risk of default.（2）Stock splitAn increase in the number of shares outstanding with a corresponding decrease in par value per share. The additional shares are distributed proportionately to all common shareholders. The purpose of a stock split is to reduce market price per share and encourage wider public ownership of the companys stock.（3）Cash equivalentVery short term investments that are so liquid that they are considered equivalent to cash.（4）Maturity valueThe value of a note at its maturity date, consisting of principal plus interest.（5）Line of creditA pre-arranged borrowing agreement in which a bank stands ready to advance the borrower without delay any amount up to a specified credit limit.2. True and False（1）T （2）T （3）F（4）T（5）F（6）T3. Multiple choice questions.(1) B (2) C(3) B(4) C(5) B(6) B(7) A(8) C(9) C 4. Translate the following statements from Chinese to English.（1）The cash balance shown in the month-end bank statement usually will differ from the amount of cash shown in the depositors ledger. The difference is caused by items that have been recorded by either the depositor or the bank, but not recorded by both. Examples are outstanding checks and deposits in transit. The reconciliation adjusts the cash balance per the books and the cash balance per the bank statement for any unrecorded items and thus produces the correct amount of cash to be included in the balance sheet at the end of the month.（2）When the market price of a corporations common stock appreciates in value significantly, it may become too expensive for many investors. When this happens, the corporation may split its stock by increasing the number of its common shares outstanding. The purpose of a stock split is to reduce the market price of the companys common stock, with the intent of making it more affordable to investors. A stock split does not change the balance of any ledger account; consequently, the transaction is recorded merely by a memorandum entry.5. Translate the following statements into Chinese.（1）对只在年末结账的企业而言，其收入、费用和股利账户的余额代表了该账户年初至今相关的活动。要编制短于年度的任何时期的损益表，其收入和费用账户的净发生额等于当期这些账户的余额减去年初至该期初的余额。这种将上期余额从本期余额中减去的过程对每种收入、费用和股利账户都要重复进行。而资产负债表账户就不要这样做了，因为资产负债表账户就是根据资产负债表日的余额编制的。(2) 在股利和清算事件中的分配方面，优先股具有优先于普通股的权利。这种优先权意指，在对普通股股东做任何支付前必须先付清优先股股利。优先股股利金额通常是固定的。另外，优先股往往不具有表决权。优先股有时具有特殊的性质，例如可被转换成普通股股份。6. Statement of Cash Flowsa. Cash received from customers:Net sales$9500000Add: Decrease in accounts receivable 85000Cash received from customers $9585000b. Interest received: Interest income$ 320000 Less: Increase in accrued interest receivable 15000 Interest received$305000c. Cash paid to suppliers and employees: Cash paid for purchases of merchandise: Cost of goods sold$4860000 Less: Decrease in inventory 280000 Net purchases$4580000 Add: Decrease in accounts payable to suppliers 240000 Cash paid for purchases of merchandise$4820000 Cash paid for operating expenses: Operating expenses$3740000 Less: Depreciation$700000 Decrease in prepayments 18000 Increase in accrued liabilities for operating expenses 35000 $753000 Cash paid for operating expenses $2987000 Cash paid to suppliers and employees $7807000d. Interest paid:Interest expense $270000Add: Decrease in accrued interest payable 16000Interest paid $286000中文部分：1、名词解释（1）营运资本营运资本是流动资产和流动负债的差额，可用于衡量企业的短期偿债能力。（2）保本点是指总销售收入和总成本相等，既无盈利，也不亏损，正好保本的销售量(额)，又称损益平衡点、盈亏临界点。（3）再订货点再订货点是用来明确启动补给订货策略时的货品单位数，一旦存货量低于再订货点即补给订货。（4）综合收益综合收益是指除所有者的出资额和各种为第三方或客户代收的款项以外的各种收入。2.填空题（1）单步式；多步式（2）采用公允模式计量的投资性房地产、以公允价值计量的金融资产。（其他也可）（3）净收益、现金流量、投资报酬率、经济增加值。（其他也可）（4）内部收益率的实质就是未来净现金流量的现值之和正好等于初始投资的现值之和时的折现率，也就是使投资项目的净现值等于零时的折现率3.问答题（1）持续经营假设的含义及其对企业会计行为的影响。答：持续经营假设的基本含义是，企业会计方法的选择，会计事项的计量和确认，应以企业在可预见的未来将以它的现实的形式并按既定的目标持续不断地经营下去为假设。 持续经营假设并不意味着企业会永久存在，而是指企业能存在足够长的时间，使企业能按其给定的目标开展其经营活动 ，按已有的承诺去清偿债务，按常规的方法进行相应的会计处理。其主要作用表现在：在一般情况下资产以其取得时的历史成本计价，而不按其立即进入解散、清算状态的现行市价计价；对长期资产的摊销均已企业在折旧年限或摊销期限内持续经营为假设；企业偿债能力的评价与分析也是基于企业在报告期后仍能持续经营的假设。（2）什么是成本中心、利润中心和投资中心，它们的主要业绩评价指标各是什么？答：成本中心是只对成本或费用负责的责任中心。成本中心的评价指标有：预算成本节约额和节约率等；利润中心是指对利润负责的责任中心。由于利润等于收入减去成本和费用，因此利润中心实际上既要对收入负责，又要对成本费用负责。利润中心的评价指标：主要是通过一定期间实际实现的利润同“责任预算”所确定的利润预期利润数进行比较，并进而对差异形成的原因和责任进行具体剖析；通常以“贡献边际”作为业绩评价指标；投资中心是对投资负责的责任中心，是一个就本身投资基础的盈利能力对最高层管理者负责的企业单位。其既要对成本、收入、利润负责，也要对投资效果，资本支出决策等负责。投资中心的评价指标：企业会从努力程度和完成任务的能力两方面评估投资中心经理的表现。通常以投资报酬率和剩余收益作为评价投资中心经营成果的主要指标。（3）什么是适时管理系统？有什么特点？答：适时生产系统也称为无存货管理，改变了传统的推进式生产方式，采取需求拉动式生产，使企业减少，甚至完全消除了存货，导致了存货管理和质量控制两方面的重大变革，能极大地提高生产效