听力原文：If a statement that presents a summary of the revenues and expenses of a business unit for a specific period, what is it called?(3)A．the income statementB．the balance sheetC．the financial statementD．the statement of cash flow
听力原文：If a statement that presents a summary of the revenues and expenses of a business unit for a specific period, what is it called?
(3)
A．the income statement
B．the balance sheet
C．the financial statement
D．the statement of cash flow
相关考题：
A technique that can be used to measure the total income of a project compared to the total moneys expended at any period of time is:A . return on investment (ROI)B . net present value (NPV)C . discounted cash flow (DCF)D . B and CE . All of the above.
Under the cash basis for the accounting period concept, revenues and expenses are reported in the income statement in the period in which cash is received or paid.() 此题为判断题(对，错)。
Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteria.() 此题为判断题(对，错)。
Stockholders' equity ( ) A、is usually equal to cash on handB、includes paid-in capital and liabilitiesC、includes retained earnings and paid-in capitalD、is shown on the income statement
Which of the following financial statements reports information as of a specific date? () A. income statementB. statement of owner's equityC. statement of cash flowsD. balance sheet
5 The International Accounting Standards Board (IASB) is currently in a joint project with the Accounting StandardsBoard (ASB) in the UK and the Financial Accounting Standards Board (FASB) in the USA in the area of reportingfinancial performance/comprehensive income. The main focus of the project is the development of a single statementof comprehensive income to replace the income statement and statement of changes in equity. The objective is toanalyse all income and expenses and categorise them in a way that increases users’ understanding of the results ofan entity and assists in forming expectations of future income and expenditure. There seems to be some consensusthat the performance statement should be divided into three components being the results of operating activities,financing and treasury activities, and other gains and losses.Required:(a) Describe the reasons why the three accounting standards boards have decided to cooperate and produce asingle statement of financial performance. (8 marks)
(b) Discuss the key issues which the statement of cash flows highlights regarding the cash flow of the company.(10 marks)
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterfound that $18,000 paid for the purchase of a motor van had been debited to motor expenses account. It is thecompany’s policy to depreciate motor vans at 25 per cent per year, with a full year’s charge in the year of acquisition.What would the net profit be after adjusting for this error?A $106,100B $70,100C $97,100D $101,600
(b) Explain the matters that should be considered when planning the nature and scope of the examination ofCusiter Co’s forecast balance sheet and income statement as prepared for the bank. (7 marks)
(b) (i) Discuss the relationship between the concepts of ‘business risk’ and ‘financial statement risk’; and(4 marks)
You are an audit manager responsible for providing hot reviews on selected audit clients within your firm of CharteredCertified Accountants. You are currently reviewing the audit working papers for Pulp Co, a long standing audit client,for the year ended 31 January 2008. The draft statement of financial position (balance sheet) of Pulp Co shows totalassets of $12 million (2007 – $11·5 million).The audit senior has made the following comment in a summary ofissues for your review:‘Pulp Co’s statement of financial position (balance sheet) shows a receivable classified as a current asset with a valueof $25,000. The only audit evidence we have requested and obtained is a management representation stating thefollowing:(1) that the amount is owed to Pulp Co from Jarvis Co,(2) that Jarvis Co is controlled by Pulp Co’s chairman, Peter Sheffield, and(3) that the balance is likely to be received six months after Pulp Co’s year end.The receivable was also outstanding at the last year end when an identical management representation was provided,and our working papers noted that because the balance was immaterial no further work was considered necessary.No disclosure has been made in the financial statements regarding the balance. Jarvis Co is not audited by our firmand we have verified that Pulp Co does not own any shares in Jarvis Co.’Required:(b) In relation to the receivable recognised on the statement of financial position (balance sheet) of Pulp Co asat 31 January 2008:(i) Comment on the matters you should consider. (5 marks)
The task of an auditor is to certify that the accounts and balance sheet show ______.A．an accurate statement of income and expenditureB．that the figures stated are accurate and correctC．a true and fair view of the businessD．that the reserves are enough
听力原文：The tax return does not show accrued income.(8)A．The tax return is not shown in the income.B．The income is not accurate in taxation.C．The tax should be returned according to the income.D．The tax return is not in accordance with the income that should be taxed.
听力原文：M: There are several reasons why careful analysis of financial statements is necessary. What are they?W: First, financial statements are general-purpose statements. Secondly, the relationships between amounts on successive financial statements are not obvious without analysis. And thirdly, users of financial statements may be interested in seeing how well a company is performing.Q: What are they talking about?(17)A．The methods of financial statements.B．The necessity of careful analysis of financial statementsC．The relationship among financial statements.D．The purpose of financial statements.
听力原文：M: Most banks tend to decline loan proposals which are highly speculative.W: I think because the banks expect the loan to generate sufficient profit and positive cash-flow for themselves and for the clients.Q: What will the banks usually do to the highly speculative loan proposals?(15)A．The banks will disapprove them.B．The banks will approve them.C．The Bank will benefit from the loans.D．The bank will make profit from lending.
______ shows that net income for a specified period of time and how it was calculated.A．The accounting statementB．The capital statementC．The income statementD．The statement of financial condition
When the management of a business makes some decisions, it often refers to the normal income statement because the normal income statement is more useful in that.A．RightB．WrongC．Doesn't say
The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors (). A.the financial condition, earnings record, and dividend record of the corporationB.investor expectations of the corporations earning powerC.how high the par valueD.general business and economic conditions and prospects
The income statement is prepared from (). A.the income statement columns of the work sheetB.the adjusted trial balanceC.either the adjusted trial balance or the income statement columns of the work sheetD.both the adjusted trial balance and the income statement columns of the work sheet
A profit and loss statement indicates the company's ______.A．assets and liabilities at a particular point in timeB．revenues and expenses for a specific period of timeC．financial resources at a particular point in timeD．performance at a particular point in time
A balance sheet is simply the enumeration of the various assets of a business on one side of a ledger and the enumeration of various liabilities and (61) accounts on the other side. The two sides must be equal, or balance. Only one further point should be (62) : A balance sheet refers to a single point in time, for example, the close of business on December 31. Taken by itself, a balance sheet does not show (63) over time. It is what economists call a stock concept, not a (64) concept. That is, the balance sheet shows the stock of goods a firm has on hand at any particular instant and does not show the flow of goods through the firm over time. For this reason, a balance sheet does not show business (65) , which are a flow.(46)A．profitB．capitalC．incomeD．cash
By what means does a business measure the worth of assets and liabilities?A．The monetary unit.B．Dollar.C．The value of the monetary unit.D．The sum of all the individual amounts added together.
An income statement is a summary of the revenues and expenses of a business as of a specific date.()
The statement of cash flows consists of an operating section, an income section, and an equity section.()
Cash investments made by the owner to the business are reported on the statement of cash flows in theA. financing activities sectionB. investing activities sectionC. operating activities sectionD. supplemental statement
Which of the following will begin a new unit of work?() A.The CONNECT statementB.The first FETCH of a cursorC.The BEGIN TRANSACTION statementD.The first executable SQL statement
You design a Business Intelligence （BI） solution by using SQL Server 2008. You create a SQL Server 2008 Integration Services （SSIS） package to perform an extract， transform， and load （ETL） process to load data to a DimCustomer dimension table that contains 1 million rows. Your data flow uses the following components： A SQL Destination data flow task to insert new customers An OLE DB Command transform that updates existing customers On average， 25 percent of existing customer records is updated each night. You need to reduce the amount of time required to update customer records. What should you do？（）A、 Modify the UPDATE statement in the OLE DB Command transform to use the PAGLOCK table hint. B、 Modify the UPDATE statement in the OLE DB Command transform to use the TABLOCK table hint. C、 Stage the data in the data flow. Replace the OLE DB Command transform in the data flow with an Execute SQL task in the control flow.D、 Stage the data in the data flow. Replace the UPDATE statement in the OLE DB Command transform with a DELETE statement followed by an INSERT statement.