Nguyễn Hữu Thỉnh

D15kt014- 1115020509

Tritùng ÐH Lao dêng — Xã hêi

Ngày thi K) thi•

ÐÊ THI SO: 07
MÔN: TIÉNG ANH CHUYÊN NGÀNH KÉ TOÁN
KHÓA: Ð41 HQC
Thòi gian làm bài: 90 phút
(Sinh viên không stdgng tài li?u)

I- Reading Comprehension (3 points)

What is accounting and accounting environment?
Accounting is aptly called the language of business. The task of
learning accounting, very similar to the task of learning a new language, is
complicated by the fact that many words used in accounting mean almost but
not quite the same thing as the identical words mean in everyday,
nonaccounting usage.
There are a number of definitions of accounting and as a language of
business; they have change in response to the changing accounting
environment. One definition that has stood the test of time is that given by
American Accounting Association in A Statement of Basic Accounting
Theory.
"Accounting is the process of identifying, measuring, and
communicating economic information to permit informed judgment and
decisions by users of the information.
The primary purpose of accounting is to provide information that is
useful for decision making purposes. Today, accounting is widely used to
describe all type of business activities that include operating, investing and
financing activities. An important function of accounting is to provide
performance measures of these business activities, which indicate whether
managers are achieving their business goals and whether business activities
are well managed. It is a link between business activities and decision makers,
so it is also referred to as an information system.
Accounting environment has undergone vast changes in the last two
decades. Changing social attitudes, management philosophies combine with
developments in information technology, and the growing intensity of
competition, both local and global, to affect rapidly the environment in which
accounting operates, thereby creating the need to re-evaluate the objectives of
accounting today.
The environment of accounting consists of the influences, constrains,
and demands that are imposed on conceptual foundation and implementation
of that foundation as a professional activity. The primary environmental
factors include the expectations of the users of the accounting information, the
environmental impact of accounting organizations and the developments in
accounting standards.
l. How many primary environmentfactors are there? What are they?( there
are three primary environment factors. They are the expectatinons of the users of
the accounting information, the environmental inpact of accounting organizations
and the developments in accounting standards
2. What is the primary purpose ofaccounting? (The primary purpose of
accounting is to provide information that is useful for decision making
purposes.)
3. JThat do business activities consist of? (Accounting is wideky used to
describe all type of business activities that include operating , investing
and financing activities.)
 4.VThat is an essentialfunction ofaccounting? ( Accounting is the
process of identifying, measuring, and communicating economic information
to permit informed judgment and decisions by users of the information.)

5.Why is the task oflearning accounting very complicated?( The task of

learning accounting, very similar to the task of learning a new language, is
complicated by the fact that many words used in accounting mean almost but
not quite the same thing as the identical words mean in everyday,
nonaccounting usage)
6.Why is accounting referred to as an information system?( It is a link
between business activities and decision makers, so it is also referred to as an
information system.)
Il. Choose one correct word or phrase in the list given to complete each of
the following sentences. Each word or phrase is used ONCE only (2
points)
transactions relations financial institutional show obtain
information obtain holders borrow performance code
l . Many accountants work in government offices or for nonprofit
organizations. These two areas are often joined together under the term
governmental and . . accounting.( relations)
2. The expense or cost of doing business is recorded in the same
period as the . that has been generated as the result of incurring that cost.
( obtain)
A tax accountant must have a thorough knowledge of the tax . of his
or her country and of any divisions with it that have the power to levy or
impose taxes.( holders)
3.
4. Ledger is an account book that contains various accounts to which
various business of a business enterprise are posted.( information
1

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Ngày thi K) thi•

5. The balance sheet shows the situation of the company on a particular date,
generally the last day of its financial year.( obtain)
6. At the end of every financial year, accountant prepares the financial
statements of the company including a financial summary of the . of the
company.( performance)
7. The primary function of a bank today is to act as an intermediary between
depositors who wish to make interest on their savings, and borrowers who
wish to capital.( borrow)
8. Current account may overdraw their account up to a limit, called an
agreed overdraft limit.
Ill- Complete the sentences with the correct form of the word in the
brackets (2 points)
1. As the tax laws have grown (INCREASEes) complex, not only
corporations but also individuals have had to utilize the services of
accountants in preparing their tax forms and calculating their tax liability.
2. The historical performance of a company is readily available, but ( to
EXAMINE) the numbers does not always provide the entire financial
picture of a company.
3. Many features of the American system, both in the (IMPOSition) and
collection of the taxes, have been adopted by other countries.
4. In the ledger all types of accounts (RELATEd) to assets, liabilities,
capital, revenue and expenses are maintained.
5. The profit and loss account shows revenue and (EXPENSEses) .
6. Auditor comes from outside, and his duty is to perform a check of the
statements prepared by the accountant to ensure their (ACCURATEd)
7. Banks originated as places to which people took their (VALUEble) for
safe-keeping.
8. Savings accounts are aimed at the small (SAVEving) — the type of
customer who puts by a small part of his or her income each month to save
for the interest.
IV- Match a word in column A with the suitable definition in column B (1
point)
1. wholesale-d a. a es number of the led er
2. revenue-h b. a deliberate dece tion to secure unfair or unlawful ain
3. asset-e c. mone that is s entto urchase oods or services rovidedb someone else
4. mandate-j d. sellin of oods in lar e uantities to sho kee ers for resale to the ublic
5. folio-a e. cash or somethin that is easil convertible into cash
6. 100 hole-i f. a list of all em 10 ees and their wa es
7. fraud-b . a erson who holds an account in a bank
8. a 011-f h. the total annual income of a state or an or anization
i. a mistake in the law which allows eo le to avoid a in tax

. to instruct somebod to act or vote in a certain wa

k. remainin amount of mone in an account

l. ro erties owned b a erson/ com an

V- Translate the following passage into Vietnamese (2 points)
Careful planning designed to decrease the tax liability to the lowest
level is thus a major concern of business. This planning is made possible by
various provisions in the tax laws that offer alternative methods for handling
particular transactions or accounting procedures. One alternative may thus
have a significant tax advantage over another, resulting in either a tax saving
or a postponement of the tax liability. A business can pay substantially more
taxes than necessary if the wrong financial decision is made. Among these
potentially significant decisions might be included the form of business under
which to organize, whether or not to set up multiple corporations, and which
accounting methods should be used to deal with inventory and depreciation.

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