2012年会计学真题.pdf

2012年硕士学位研究生入学考试初试试题考试科目：831会计学综合考前提示：1,所有答案均须写在专门的试题答题本上，否则答案无效：2.凡用英文出题的部分，均须用英文回答，否则答案无效：3.本试卷共分四大部分，即财务会计、管理会计、财务分析与财务管理。第一部分：财务会计（本部分共计50分）I.Give a brief explanation for the following terms(9 points)(1)Deferred income tax assets(2)Mark-to-market(3)Default(4)Convertible bond(5)Ex-dividend date(6)Prior period adjustmentII.Multiple choice questions(please choice the best one for your answer,10points)1.If sales are accounted for using the installment method,which of the following is(are)recognized only in proportion to the cash collected on the sales during the period?(1)Sales and costs of sales and selling expenses;(2)Sales;(3)Sales and costs of sales;(4)Sales and costs of sales and administrative expenses.2.An debit entry of the Allowance for Doubtful Accounts represents:(1)Money set aside to take care of any bad debts.(2)The amount of bad debts incurred in the previous period.(3)The amount of bad debts incurred in the current period.(4)The amount of bad debts incurred in the current and previous periods.(5)None of the above.3.On December 15,2010,PC Company reacquired 1600 shares of its own$5 par stock at a priceof$60 per share.In 2011,500 of the treasury shares are reissued at a price of$70 per share.Thecorrect one of the following statements is:(1)WS Company recognized a gain of$10 per share on the re-issuance of the 500 treasury stockin 2010;(2)WS stockholders equity was in decreased by$110000 when the treasury stock was acquired;(3)The two treasury stock transactions result in an overall reduction in PCs stockholders equityof$61000;(4)The treasury purchased was recorded at cost and was shown in PC Companys December 31,2011,balance sheet as an asset.(5)None of the above.4.Which of the following is true when a business is organized as corporation?(1)Stockholders do not have to pay personal income taxes on dividends received,because thecorporation is subject to income taxes on its earnings;(2)Stockholders are liable for the debts of the business only in proportion to their percentageownership of capital stock;(3)Fluctuation in the market value of outstanding shares of capital stock do not affect the amountof stockholdersequity shown in the balance sheet;(4)Each of the stockholders has the right to bind the corporation to contracts and make othermanagement decisions.5.In reconciling net income on an accrual basis to net cash provided by operating activities,whatadjustment is needed to net income because of(a)an increase during the period in prepaidexpenses and(b)the periodicamortizationof premium on bonds payable?(a)(b)An increase in prepaid expensesAmortization of premium on bonds payable?(1)AddAdd(2)AddDeduct(3)DeductAdd(4)DeductDeduct6.PP Company sold a plant asset that originally cost$80000 for$52000 cash.If SP correctlyreports a$5000 gain on this sale,the accumulated depreciationon the asset at the date of sale musthave been:(1)$34000(2)$33000;(3)$27000;(4)Some other amount.7.TS Department Store uses a perpetual inventory system but adjusts its inventory records atyear-end to reflect the results of a complete physical inventory.In the physical inventory taken atthe ends of 2010 and 2011,TSs employees failed to count the merchandise in the stores windowdisplays.The cost of this merchandise amounted to$13000 at the end of 2010 and$19000 at theend of 2011.As a result of these errors,the cost of goods sold for 2011 would be:(1)Understated$6000;(2)Overstated$19000;8.The equity section of ABC Corporations balance sheet is present below:Preferred stock,$100 par$12000000Common stock,$5 par10000000Paid-in capital in excess of par14000000Retained earnings10000000Total$46000000The common stock shareholders of ABC have preemptive rights.If ABC issues 400 000 additionalshares of common stock at$7 per share,a current holder of 20000 shares ABC common stockmust be given the option to buy(1)1000 additional shares;(2)3750 additional shares;(3)4000 additional shares;(4)3250 additional shares.9.If a company is profitable and is effectively using leverage,which one of the following ratios islikely to be largest?(1)Return on total assets;(2)Return on operating assets;(3)Return on common equity;(4)Return on total stock holders.10.When there is a change in estimated depreciation:(1)Previous depreciation should becorrect;(2)Current and future years depreciation should be revised;(3)Only future yearsdepreciation should be revised;(4)None of the above.III.Questions(7.5 points)(Answer the following questions in English)1.Please describe and explain three factors that may cause netincome differ from net cash flowsfor operating activities.2.Please to explain the differences between the capital expenditure and revenue expenditure.3.Explain at least three areas in which an accountant preparing financial statements mustexercise professional judgment.IIII.Accounting terminology(2.5 points)Each of the following statements may describe one of accounting terms.In the spaceprovided after each statement,indicate(write out)the accounting term described.1.A measure of the effectiveness with which management utilizes a companys resources,regardless of how those resources are financed.2.Depreciation methods which take less depreciation in the early years of an assets useful life,and more depreciation in the later years.3.A measure of short-term solvency often used when a company has large inventories that cannotbe quickly converted into cash4.The difference between the revenue earned by selling merchandise and cost of goodssold.5.An element of stockholdersequity arising from profitable operation of the business.V.Translate the following statements from Chinese into English.(10 points)1.财务分析人员通常对某些关键项目，如销售收入、净收益以及每股收益等项目的增长率极为关注，将这些增长率与通货膨胀率进行比较，看企业是否跟上通货膨胀的速度，或其是否具有真实的增长。一般增长率的计算包括平均增长率和综合增长率，两者都要关注一段年份的信息，通常是五至十年。2.在企业的经营活动中，许多支出使得多个会计期间受益，但又不是直接与某项具体收入项目相联系，如保险金、应折旧资产的成本等。在这些情况下，会计人员力图通过系统的成本分配方法将成本支出转化为受益期间的费用。直线折旧法和其他的折旧方法都是系统分配成本、将收入与费用相配比的例子。VI.Computation and analysis1.EPS(5 points)ABC Company uses a calendar year for financial reporting.The company is authorized to issue 10million shares of$5 pa common stock.At no time has ABC issued any potential common stock.Listed below is a summary of ABCs common stock activities.(1)Number common shares issued and outstanding at December 312008 is 2 million shares;(2)Shares issued as a result of 10%stock dividend onSeptember 30,2009was 200000shares;(3)Shares issued for cash on march 31,2010 was 2 millon snares;(4)Number of common shares issued and outstanding at December 31,2010 was 4.2 millionshares;(5)A two-for-one stock split of ABCs common stock took place on March 31,2011.Required:based on the above information(1)Calculate the weighted average number of common shares used in computing basic earningsper common share for 2010 on the 2010 comparative income statement.(2)Calculate the weighted average number of common shares used in computing basic earningsper common share for 2010 on the 2011 comparative income statement.2.Bonds payable(6 points)On December 31,2010,Y Company issued$3000000 face amount of 9%,10-year bonds payable,with interest payable each June 30 and December 31.The bonds sell at price of 95.Y uses thestraight-line method of amortizing any discount or premium.Requirement:(1)To make the journal entry for Y company to record the first payment of interest and interestexpenses at June 30,2011;(2)On July 1,2012,Y repurchasing 10%of its bonds at price of 102.Please make the journalentry for Y company to record the repurchasing of the bonds.(3)To compute the carrying value of the bonds payable at Ys balance sheet on December 31,2012.第二部分：管理会计（本部分共计25分）1.假定某工业企业生产某产品，本月完工1500件，月末在产品300件，在产品完工程度测定为60%；月初在产品和本月发生的原材料费用共计90000元、工资及福利费等加工费共为42000元。原材料是在生产开始时一次投入。要求：采用约当产量比例法分配计算完工产品和月末在产品成本。(10分)2.某公司只生产一种产品，2010年和2011年的生产量分别为3000件和2400件，销售量分别为2000件和3000件。2010年初无存货，存货计价采用先进先出法。该产品单位售价为15元，单位变动生产成本为5元/件，固定制造费用每年为18000元，单位变动销售和管理费用为0.5元/件，固定销售和管理费用每年为2500元。要求：(1)分别用变动成本法和完全成本法计算两年的营业利润(10分)；(2)说明两种方法下营业利润产生差异的原因(5分)。第三部分：财务报表分析（本部分共计40分）一、背景材料下列报表数据摘取自珠海格力电器股份有限公司2008年及2009年母公司报表及合并报表，请阅读后完成要求的问题。为便于阅读，表中数据单位为百万元人民币。1.资产负债表的相关数据单位：百万元人民币资产2008年2009年2009年2008年2009年2009年母公司母公司合并数母公司母公司合并数货币资金29961772622905短期借款8962962应收票据118761002810836应付票据121657038393应收账款645703915应付账款8978984711650预付账款58512291488预收账款599993958871其他应收款89130158其他应付款220291906存货430344245824其他流动负债417662056247流动资产合计204943435142611流动负债合计213163374240839可供出售金融资产00757非流动负债合计142038持有至到期投资000负债合计213303376240878长期股权投资263831747实收资本（或股本)125218791879固定资产310631194608资本公积787186183无形资产248232505盈余公积171319651968递延所得税资686995产1046未分配利润223341315902非流动资产合计682175728919归母公司所有者权益9970少数股东权益683所有者权益合计5985816110653资产合计273154192351530负债和所有者权益总计273154192351530注：报表附注中应收账款的坏账准备余额分别为：2008年为34（百万）元、37（百万）元。2.利润表的相关数据单位：百万元人民币项目2008年母公司2009年母公司2009年合并数据一、营业收入408864162642637减：营业成本338613302031956营业税金及附加157170403销售费用429055095798管理费用91711281567财务费用6-139-97资产减值损失-20929公允价值变动收益0-292加：投资收益96347二、营业利润168425342975加：营业外收入32326418减：营业外支出141012三、利润总额170228513380减：所得税费用288325449四、净利润141425262932归属于母公司所有者的净利润2914少数股东损益18