会计模拟题

第一部分：财务会计

1. Give a brief explanation for the following terms.

(1)stable-dollar assumption

(2) window dressing

(3) Income summary

(4 )Operating cycle

(5 )perpetual inventory system

(6 )Direct write-off method

2 Multiple choice questions

(1)which of the following would you expect to find in a correctly prepared income statement?

A cash balance at the end of the period

B revenues earned during the period

C contributions by the owner during the period

D retained earnings

(2)Sunset Tours has a $3500 account receivable from the Del Mar Rotary. On January 20, the Rotary makes a partial payment of $2100 to Sunset Tours. The general entry made on January 20 by Sunset Tours to record this transaction includes:

A a debit to Cash Received account of $2100

B a credit to the Accounts Receivable account of $2100

C a debit to Cash account of $1400

D a debit to Accounts Receivable account of $1400

(3)which of the following is not considered an analytical aspect of the accounting profession

A Evaluating an organization’s operation efficiency

B forecasting the probable results of future operating

C Designing system that provide information to decision makers

D Journalizing and posting business transactions.

(4)Before month-end adjustments are made, the January 31 trial balance of Rover Excursion contains revenue of $27900 and expenses of $17340.Adjustments are necessary for the following items:

Portion of prepaid rent applicable to January ,$2700

Depreciation for January ,$1440

Portion of fees collected in advance earned in January $3300

Fees earned in January, not yet billed to customers ,$1950

Net income for January is:

A $10560 B$17070 C$$7770 D some other amount

(5)the CPA firm auditing Mason street recording studios found that total stockholders’ equity was understated and liabilities were overstated. Which of the following errors could have been the cause?

A making the adjustment entry for depreciation expense twice.

B failure to record interest accrued on note payable

C failure to make the adjusting entry to record revenue that had been earned but not yet billed to clients.

D failure to record the earned portion of fees received in advance.

(6)which of the following accounts would never be reported in the income statement as a

expense

A depreciation expense

B incomes taxes expense

C interest expense

D dividends expense

(7)A company use a perpetual inventory system. At the beginning of the year, inventory amount to $50000. during the year the company purchase merchandise for 230000 and sold merchandise costing $245000.A physical inventory taken at year-end indicated shrinkage losses of $4000.Prior to recording these shrinkage losses, the year-end balance in the company’s inventory account was:

A $31000

B $35000

C $50000

D some other amount

(8)B company, a retail store, purchase 100television set from A company on $200 each. A offers credit terms of 2/10, n/30.B company uses a perpetual inventory system and records purchase at net cost.B company determines that 10 of these television sets are defective and returns them to A for full credit. In the recording this return, B will:

A debit sales returns and allowances,$1960

B debit accounts payable, $1960

C debit cost of goods sold,$1960

D credit inventory ,$2000

Use the following data for question (9)and (10)

A company’s bank statement at January 31 shows a balance of $13360,while the ledger account for Cash in A’s ledger shows a balance of $12890 at the same data. The only reconciling items are the following:

Deposit in transit ,$890

Bank service charge,$24

NSF check from B company in the amount of $426

Error in the recording check no.389for rent :check was written in the amount of $1320,but was recorded improperly in the accounting records as $1230

Outstanding checks , $??????

(9)what is the total amount of outstanding checks at January 31

A $1048

B $868

C $1900

D$ 1720

(10)assuming a single journal entry is made to adjust A’s accounting records at January 31, the journal entry includes:

A a debit to rent expense for $90

B a credit to account receivable ,B company, for $426

C a credit to cash for $450

D a credit to cash for$1720

(11)which of the following practice contributes to efficient cash management?

A never borrow money-maintain s cash balance sufficient to make all necessary payments

B record all cash receipts and cash payments at the end of the month when reconciling the bank statements.

C prepare monthly forecast of planned cash receipts, payments, and anticipated cash balances up to a year in advance

D pay each bill as soon as the invoice arrives

3 Accounting terminology ,write out the accounting term described below.

(1) an activity statement that shows details and results of the the company’s profit-related activities for a period of time

(2) an assumption by accountants that a business will operate in the foreseeable future future unless specific evidence suggests that this is not a reasonable assumption.

(3)calls for recording revenue in the period in which it is earned and recording expenses in the period which they are incurred .the effect of events on the business is recognized as service are rendered or consume rather than when cash is received or paid.

4 translate the following statements from Chinese into English

企业直接产生的产品生产和服务费用，包含直接人工，直接材料，商品采购给用和别人直接费用应该直接到产品和运作上；生产和服务中产的间接费用应该按照相应的要求分配到生产成本和运作中。

5 computation and analysis

(1)Allocating Installment Payments

On January 1, 2003, Rocket Corp. borrowed $7,581.57 from First Bank of River City. The loan was a five-year loan and had an interest rate of 10%. The annual payment is $2,000.

Prepare an amortization table for Rocket Corp.’s loan.

(2)Gross Profit Method

In March of 2003, Chemico’s inventory was destroyed by fire. Chemico’s normal gross profit ratio is 30% of net sales. At the time of the fire, Chemico showed the following balances. Computing Inventory using the Gross Profit Method

Sales $ 31,500

Sales returns 1,500

Beginning Inventory 12,000

Net cost of goods purchased 20,500

6 questions

(1)explain the need for taken a physical inventory

(2)compute the inventory turnover rate and explain its use

(3)Describe the objectives of cash management and internal control over cash

第二部分：管理会计

要求：

（1）分别采用加权平均法和联合产品法计算盈亏平衡点综合销售额以及各产品的盈亏平衡点销售量

（2）计算下年度预计全年的营业利润

2某企业一直生产产品甲，现在打算利用现在现有部分生产能力生产新产品乙或者丙。有关

要求：根据上述资料做出生产新产品乙还是新产品丙的决策。

第三部分：财务报表分析

1 在财务报表信息中，分析应收账款的质量应该关注哪些方面？

2如何理解资产质量的概念？资产按照质量可以分成哪几类？

3 如何分析企业的合并报表？

4 请指出财务比率分析的局限性，并且举出三个例子

5分析经营性资产的获利能力

第四部分：财务管理

一、简答题

1指出优先认股权、认股权证和可转换债券的相同之处和不同之处。

2在财务管理中，不对称信息是什么意思？所有公司的信息不对称程度都相同吗？经理们可采用哪些方法向公众传递公司发展前景不错的信号？

3非现金费用、沉没成本、机会成本以及处理固定资产业务对现金流量有什么影响？

二计算分析题

如果公司全部为股权融资，股权成本为14%；如为混合融资，则借入债务200万元，利息率8%。所得税率30%，EBIT为70万元。请根据MM理论计算：

（1）两种资本结构下的公司价值；

（2）混合融资时的股权价值和股权成本；

（3）两种资本结构下的加权平均资本成本。