2010年硕士学位研究生入学考试初试试题 考试科目：831会计综合
提示：本试卷分为两部分：英文试题和中文试题，满分150分 第一部分：英文试题（共70分）
1. Give a brief explanation for the following terms(9 points) (1) Treasure stock (2) Comprehensive income (3) Interim reports
(4) Discount on bonds payable (5) Carrying value (6) Monetary item
2. Translate the following statements into Chinese(8 points)
(1) Some academics feel that studies whose results are used to support the efficient market
hypothesis (EMH) are inconclusive. They argue that the inability of the EMH research tools to detect an effect on stock market prices is not the same as proving there has been no effect. Certainly, most non-academics remain dubious about the EMH point of view. Evidence of this includes the great management uproar over the effect that proposed new accounting standards will have on reported earnings, even when to corporate cash flows will not be affected by changing to the proposed method.
(2) Once an entity has decided on a certain accounting method, it should use the same method for all subsequent events of the same character unless it has a “sound reason” to change methods. The concept is always adhered to in theory, but the practical problem is to decide when a “sound reason” for a change exists. 3. Multiple choice questions
Please choose the best one for each of the following questions (13 points)
(1) Suppose that a company sells its treasury stocks over the treasury stocks’ cost. What is the effect of the sale?
A. The company has a gain from the sale B. Both the assets and equity are increased
C. Assets , net income and owners’ equity will be unaffected D. The company has a loss from the sale
E. None of the above
(2) Which of the following ratios would not be used to measure the extent of a firm’s debt financing? A. Debt ratio B. Debt to equity ratio
C. Times interest earned ratio
D. Long-term debt to total capitalization ratio E. None of the above
(3) The amount incurred in the debit side of the Allowance for Doubtful Accounts represents: A. Money set aside to take care of any bad debts
B. The amount of bad debts incurred in the previous period C. The amount written off as bad debts in the current period
D. The amount of bad debts incurred in the current and previous periods
E. None of the above
(4) In a decade of steadily falling prices, the inventory method which produce the lowest income
tax expenses for current period would be: A. FIFO method B. LIFO method
C. Weight-Average method D. Activity method E. None of the above
(5) The KB Company sold equipment that originally had cost $ 61000 for $33400 cash. If KB
Company correctly Debit Accumulated Depreciation of $29000 on the equipment sale, the gain (or loss) on the equipment sale would be: A. $14000 B. $31000
C. $1400
D. Some other amount
(6) At the end of 2009, MN Company sold “Securities of available for sale” for $93000 cash, the
Securities had original cost of $78000, and carrying value of $82000. In the company’s income statement and statement of cash flows for 2009, respectively, this will appear as: A. $82000 gain and $93000 cash receipt B. $15000 gain and $93000 cash receipt C. $11000 gain and $93000 cash receipt D. $15000 gain and $82000 cash receipt E. None of the above
(7) The term “retained earnings” means: A. Money set aside for dividends
B. The earnings cumulated for dividends
C. The company has enough cash for distribution to shareholders D. None of the above
(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 E. None of the above
(9) The data of ABC Company are present below: Current ratio Quick ratio Current liabilities(December31,2009) Average accounts receivable(during 2009) The average collection period of accounts receivable 3.2 3.3 $600000 $421000 32 The amount of sales on account for ABC Company during 2009 was:
A. $13472000 B.$4783021 C.$15205310 D.$4802031 E. Some other amount
(10) The closing process involves separate entries to close(1) expenses (2) dividends (3) revenues ,
and(4) net income(or loss). The correct sequencing of the entries is: A.（1）（3）（2）（4） B. （4）（3）（2）（1） C.（3）（2）（1）(4)
D. (3) (1) (4) (2) E. (1) (2)（4）（3）
（11）On October 1, NP Company borrows $200000 from National Bank, signing a 6-month note payable for that amount, interest to be computed at the rate of 6% annum. Which of the following statements is correct?
A. The maturity value of this note is $200000
B. NP’s liability for this loan at October1 is $204000 C. NP’s liability for this loan at November30 is $202000
D. At December31, NP will have a liability for accrue interest payable in the amount of $8000 E. None of the above is correct
(12) If a company declared and distributed stock dividend, which of the following statement is correct?
A. The total shareholder’s equity will increase B. The capital stock will increase C. The outstanding shares will decrease
D. The par value of the stock will decrease
(13) The Reith Corporation’s return on common stockholders’ equity is currently 8%. If Reith Corporation issues 9% bonds payable, this action will:
A. Decrease the return on common stockholders’ equity in all circumstances
B. Decrease the return on common stockholders’ equity if the proceeds from bonds issued are invested to earn any rate less than 8%
C. Increase the return on common stockholders’ equity in all circumstances
D. Increase the return on common stockholders’ equity if the proceeds from bonds issued are invested to earn any rate greater than 9%
4. Accounting terminology(5 points)
Indicate (write out) the accounting term described below. Example: The date on which a liability becomes due. Answer: maturity date
(1)A class of capital stock usually having preference as to dividends and the distribution of assets in event of liquidation
(2) A correction in the amount of net income reported in earlier accounting periods
(3)A bond that may be exchange for a specified number of shares of the company’s capital stock (4) Entries made to achieve the goals of accrual basis of accounting when revenue or expense transactions span more than one accounting period
(5) An increase in the number of shares outstanding with a corresponding decrease in par value per share.
5. Translate the following statements from Chinese into English.(14 points)
(1)许多企业采取一些可以不进入资产负债表的复杂融资方式，如租赁、产品融资协议、质
押出售应收账款、有限责任合伙、合资等。对表外融资安排的范围、性质、条款等信息披露，可以从财务报表的辅助中获取。
(2)采用权益法，投资方在被投资方赚取收益期间确认其应享投资收益，而不是等到收取现金的时候确认。基于会计理论，长期股权投资采用权益法是合理的，因为其符合会计权责发生制的要求。而报表分析则应知晓该公司的长期权益投资是采用权益法还是成本法，采用权益法或采用成本法会引起什么样的差异？ 6．Statement of cash flows(10 points)
The data below are taken from the financial statements of the Marlow Company for the fiscal year ended December31, 2009: Income statement(2009): Net income Depreciation expenses Amortization of intangible assets Loss on sale of equipment Balance sheet: Accounts receivable Inventory Prepaid expenses $450000 135000 45000 90000 Dec.31,2009 $335000 490000 48000 $370000 180000 Dec.31,2008 $345000 407000 35000 $340000 204000 Accounts payable Accrued expenses Requirement:
Use the above information complete the partial statement of cash flows for the year ended December31, 2009, showing the calculation of net cash flow from operating activities.
7. Bonds payable (7 points)
On December 31,2006, XY Company issued $2000000 face amount of 9%, 10-year, callable bonds, with interest payable each June 30 and December 31. The bonds sell at price of 96. XY uses the straight-line method of amortizing any discount or premium. Requirement:
XY paid $411800 cash to retire 20% of the outstanding bonds at September 30, 2009.
(1) Calculate the gain or loss of the bond retirement
(2) Make the journal entry for XY Company to record the retirement of the bond on
September 30, 2009.
8. EPS (4 points)
In 2008 annual report of ABC Company included the following comparative summary of earnings per share over the last 3years: Earnings 2008 $3.15 2007 2.41 2006 1.64 In 2009 ABC Company declared and distributed a 100% stock dividend. Following this stock dividend, ABC Company reported earnings per share of $1.88 for 2009.
Requirement:
(1) Prepare a three-year schedule similar to the above, but compare earnings per share during
2009, 2008 and 2007.
(2) Interpret the comparative earnings per share. 第二部分：中文试题（共80分）
一、 解释下列名词或属于（每小题2分，共10分） 1． 收入确认原则 2． 边际贡献（或贡献边际，即Contribution margin） 3． 4．
标准成本
股东（或所有者）权益报酬率
5． 全面预算
二． 填空题（每空1分，共10分）
1.在管理会计上，成本形态（或成本习性）是指
2.非流动资产是指 ，主要包括 、 和 等
3．货币的时间价值是指
4.会计基本假设包括 、 、 和 。
三．问答题（每题8分，共32分）
1.说明公允价值的基本概念， 并进一步说明公允价值在新会计准则中运用的主要方面以及你对运用公允价值的评论。
2.怎样对企业投资资产的质量进行分析。
3.说明资本成本的概念， 并进一步说明其在企业资本结构决策中的作用。 4.说明良好的企业财务状况质量的主要特征。 四．综合分析题（28分）
随着企业管理的不断发展，对企业财务信息的利用和分析能力越来越越重要。请回答或说明：
1. 企业财务报表提供了哪些方面的财务信息？（8分） 2. 如何看待企业的利润质量？（8分）
3. 企业的合并报表，可以揭示哪方面的信息？（8分）
4. 考察一个企业的财务状况，应该把握的最主要内容是什么？（4分）
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