第1学期《专业英语》作业201312

作业说明

1.用16开纸（184×260mm），上、下、左、右各设2CM边距；答案必须

手写。需要抄题，题目可以打印或手写，可双面书写。

2.围绕教材中有关内容作答。

3.保持卷面整洁易读。

4.独立完成。第16周周五前交学委。

5. 作业模板如下页所示：

2013-2014学年第1学期《专业英语》作业

专业：班级：任课教师：丘永政

姓名：学号：成绩：

I. 分析所给交易并填写和翻译报表。

Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during

Require d：

1.Prepare an income statement for May, a statement of cash flows for May.

2.报表格式如下，要求在表中填写相应数字，并将表中项目翻译成中文。（30）

THE GRAHAM CO. Income Statement

THE GRAHAM CO. Statement of Cash Flows

II. Translate the following sentences into Chinese（30）

1.Most U.S. companies are not directly affected by international accounting standards. International standards are put forth as preferred accounting practices. However, stock exchanges and other parties are increasing the pressure to narrow differences in worldwide accounting practices. International accounting standards are playing an important role in that process.

2.The objectivity concept and cost principle are related in that most users consider information based on cost as objective. Information prepared using both is considered highly reliable and often relevant.

https://www.360docs.net/doc/a011996111.html,ers desire information about the performance of a specific entity. If information is mixed between two or more entities, its usefulness decreases.

4.The revenue recognition principle gives preparers guidelines on when to recognize (record) revenue. This is important; for example, if revenue is recognized too early, the statements report revenue sooner than it should and the business looks more profitable than it is. The reverse is also true.

5.The three basic forms of business organization are sole proprietorships, partnerships, and corporations.

6.Owners of corporations are called shareholders(or stockholders). Corporate ownership is divided into units called shares (or stock). The most basic of corporate shares is common stock (or capital stock).

7.An income statement reports a company's revenues and expenses along with the resulting net income or loss. A statement of owner's equity shows changes in equity, including that from net income or loss. Both statements report transactions occurring over a period of time.

8.The balance sheet describes a company's financial position (assets, liabilities, and equity) at a point in time. The equity amount in the balance sheet is obtained from the statement of owner's equity.

9.Cash flows from operating activities report cash receipts and payments from the primary business the company engages in. Cash flows from investing activities involve cash transactions from buying and selling long-term assets. Cash flows from financing activities include long-term cash borrowings and repayments to lenders and the cash investments from and withdrawals by the owner.

.

10．Expenses：Outflows or using up of assets as part of operations of a business

to generate sales.

11. A chart of accounts is a list of all of a company's accounts and their identification numbers.

12.Posting reference numbers are entered in the journal when posting to the ledger as a

cross-reference that allows the recordkeeper or auditor to trace debits and credits from one record to another.

13.The balance sheet describes a company's financial position (assets, liabilities, and

equity) at a point in time.

14. Account balance: Difference between total debits and total credits (including the beginning balance) for an account.

15. General journal: All-purpose journal for recording the debits and credits of transactions and events.

Ⅲ. 根据提供的资料计算有关金额. （5×2）

During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cash balance was $18,600. Determine how much cash the company had at the close of business on September 30.

On September 30, Valerian Co. had a $102,500 balance in Accounts Receivable. During October, the company collected $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sales on account that occurred in October.

Ⅳ. 将下列交易在所给的账页中登记日记账并过账（30）

1. Aug. 1,2009, Madison Harris, the owner, invested $6,500 cash in the business.

2. Aug. 3 ,2009, Paid $2,100 cash for an insurance policy covering the next 24 months.

LEDGER