会计专业英语复习资料

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1、会计专业英语复习资料Posttest1基本概念1.Thingsofvalueownedbyanentity:assetsMoney:cashClaimsofcreditors:liabilitiesClaimsofinvestors:equity2.2typesofsourcesoffunds：Strongerclaim:liabilitiesLesserclaim:equity3.Abalancesheetreportsthestatusofanentity....atapointoftime.4.Givethefundamentalaccountingequat

2、ion:Assets=Liabilities+Equity5.Theaboveequationisconsistentwithwhatconcept?:Dual-aspectconcept6.Money-measurementconceptstatesthataccountingreportsonlyfactsthatcanbeexpressedinmonetaryamounts.7.Abalancesheetdoesnotreportallthefactsaboutabusiness.Whatconceptlimitstheamountortypeofinform

3、ationthatcanbereported?Money-measurementconcept8.BrownCompanyhas10000dollarcash.Itsownerwithdraws100dollarsforhisownuse.Theowneris(nobetterorworseoff)thanhewasbefore.Browncompanynowhas(less)cash.Thefactthatthiseventaffectstheownerdifferentlythanitaffectsthecompanyisanillustrationofthee

4、ntityconcept.9.Theentityconceptstatesthataccountsarekeptforentitiesasdistinguishedfromthepersonswhoownthoseentities.11.Thegoing-concernconceptis:Accountingassumesthatanentitywillcontinuetooperateindefinitely.12.Theasset-measurementconceptis:ifreliableinformationisavailable,accountingfo

5、cusesonthefairvalueofassets.Nonmonetaryassetsarereportedattheiroriginalcost.13.Anitemcanbereportedasanassetifitpasses3ofthefollowing:itemisvaluable,itemwasacquiredatameasurablecost,itemisownedorcontrolledbytheentity.14.Goodwillisafavorablenameorreputationpurchasedbytheentity.15.Anasset

6、isclassifiedascurrentifitiscashorisexpectedtobeconvertedintocashinthenearfuture,usuallywithinoneyear.16.Aliabilityisclassifiedascurrentifitbecomesdueinthenearfuture,usuallywithinoneyear.17.Marketablesecuritiesarecurrentassets.Investmentsarenoncurrentassets.19.Aninsurancepolicypaidinadv

7、anceofthetimeperiodcoveredisanexampleofaprepaidexpense.20.Abuilding,anitemofequipment,andanautomobilemayallbeexamplesofplantandproperty.21.ParkerCompanyoperatesafurniturestore.OnDecember31,2005,ithad30desksthatitwasholdingforsale.Thesewouldbereportedasinventory.Thedeskthatisusedbythe