Q1 Which of these is not included as a separate item in the basic accounting equation?

A. Assets tài sản

B. Revenues doanh thu
C. Liabilities nợ
D. Stockholder's equity VCSH

Answer B
tài sản= NPT+ VCSH

separate tách rời, chia ra

basic accounting equation phương trình kế toán cơ bản
Revenues doanh thu
 A company borrowed $100,000 in December and will make its only payment for interest when the note comes du
Q2 total interest for the six months will be $3,600. On the December income statement the accountant reported Inte
This action was the result of which accounting principle/guideline?

A. Matching phù hợp

B. Cost chi phí
C. Accrual basis cơ sở dồn tích
D. Prudence sự thận trọng

Answer A
accounting principle nguyên tắc kế toán
Ac Interest Expense chi phí lãi vay
erest when the note comes due six months later. The
the accountant reported Interest Expense of $600.
Q3 What is usually presented first in the notes to the financial statements?
A. Commitments And Contingencies Cam kết và dự phòng
B. Statement of changes in equity Báo cáo thay đổi VCSH
C. Significant Accounting Policies Các chính sách kế toán quan trọng
D. Non-financial disclosures Công khai phi tài chính

Answer C

VAS 21, Article 66

án quan trọng

the notes to the financial statements thuyết minh BCTC

 A company sold goods worth $5,000 on 5 June and $10,000 on 28 June. The company received the first payment
Q4 July. The company prepared the financial statement on 30 June. What would be the total sale on the financial sta
A. $ -
B. $ 5,000
C. $ 10,000
D. $ 15,000

Answer D
ceived the first payment on 25 June and second on 7
l sale on the financial statement?
Q5 Advance payments are recognized as
A. receivable
B. payable
C. bad debt
D. none of these

Answer A

Advance payments khoản ứng trước

 You are an analyst following two companies, Company X and Company Y. You have collected the following inform
• The two companies have the same total assets.
• Company X has a higher total assets turnover than Company Y.
• Company X has a higher profit margin than Company Y.
Q6 • Company Y has a higher inventory turnover ratio than Company X.
• Company Y has a higher current ratio than Company X.
Which of the following statements is most correct?

A. Company X must have a higher net income.

B. Company X must have a higher ROE.
C. Company Y must have a higher quick ratio.
D. Statements a and b are correct.
quick ratio
Answer A current ratio
total assets turnover
Total asset turnover = Revenue/Total assets X>Y profit margin
=> Revenue X > Revenue Y inventory turnover ratio
Profit margin = Profit/Revenue X >Y net income
=> Profit X > Profit Y
inventory turnover ratio = COGS/inventory

Current ratio = Current assets/ current liabilities

Quick ratio = (Current assets - Inventory)/ current liabilities

collected the following information:

quick ratio Tỷ số thanh toán nhanh

current ratio Tỷ số thanh toán hiện hành
total assets turnover Vòng quay tổng tài sản
profit margin Tỷ suất lợi nhuận/biên lợi nhuận
inventory turnover ratio Hệ số vòng quay HTK/ vòng quay HTK
net income thu nhập ròng
 A limited liability company sold a building at a profit.
Q7 How will this transaction be treated in the company's statement of cash flows?
Proceeds of sale Profit on sale
A. Cash inflow under financing activities Add to profit in calculating cash flow from operati
B. Cash inflow under investing activities Deduct from profit in calculating cash flow from o
C. Cash inflow under investing activities Add to profit in calculating cash flow from operati
D. Cash inflow under financing activities Deduct from profit in calculating cash flow from o

Answer B
statement of cash flows báo cáo lưu chuyển tiền tệ
 Profit on sale
ulating cash flow from operating activities
n calculating cash flow from operating activities
ulating cash flow from operating activities
n calculating cash flow from operating activities

ưu chuyển tiền tệ
 Entity Z has control over Entities A, B, and C and has significant influence over Entities D and E. Entity C has signifi
Q8 Entity F. In the separate financial statements of Entity Z, which of the following is not a related party?
A. Entity D
B. Entity E
C. Entity F
D. None of the foregoing

Answer D các bên liên quan gồm

Solution
Z

A B C D

F
es D and E. Entity C has significant influence over
ot a related party?
đọc thêm chuẩn mực kế toán 26

các bên liên quan gồm cty con

dn liên kết
cá nhân thuộc bộ máy nhân sự chủ chốt
người có quan hệ mật thiết với nhân sự chủ chốt
cty con của cty chủ chốt

E
Q9 Which of the following information cannot indicate that the asset was impaired at the end of the reporting perio
A. The bankruptcy of a customer after the reporting period
B. The sale of inventories after the reporting period
C. The destruction of a major production plant by a fire after the reporting period
D. All of the above

Answer C indicate biểu thị

be impaired bị giảm giá
bankruptcy phá sản
he end of the reporting period?

ko thể dự doán trước được sự kiện bất khả kháng

 Banjo Co purchased a building on 30 June 20x8 for $1,250,000. At acquisition, the useful life of the building was 5
the straight-line basis. 10 years later, on 30 June 20Y8 when the carrying amount of the building was $1,000,000,
$1,600,000. Banjo Co has a policy of transfering the excess depreciation on revaluation from the revaluation surp
Q10 Assuming no further revaluations take place, what is the balance on the revaluation surplus at 30 June 20Y9?

A. $ 335,000
B. $ 310,000
C. $ 560,000
D. $ 585,000

Answer D

Solution
The revaluation surplus at 30 June 20Y8 600,000 Dr Building / Cr Revaluation Surplus
The old depreciation charge = 1,250,000/50 25,000
The new depreciation charge = 1,600,000/40 40,000
=> The excess depreciation per year 15,000
The revaluation surplus at 30 June 20Y9 = 600,000 - 15,000 585,000 Dr Revaluation Surplus/ Cr RE 15,00
 life of the building was 50 years. Depreciation is calculated on
building was $1,000,000, the building was revalued to
rom the revaluation surplus to retained earnings.
plus at 30 June 20Y9?

surplus thặng dư
revaluation surplus thặng dư đánh giá lại

g / Cr Revaluation Surplus 600,000

ation Surplus/ Cr RE 15,000

 At 30 June 20x4, a company's allowance for receivables was $39,000. AT 30 June 20x5, trade receivables totalled
Q11 debts totalling $37,000. The allowance for receivables was to be adjusted to the equivalent of 5% of the trade re
What figure should appear in the statement of profit or loss for these items?

A. $ 61,000
B. $ 22,000
C. $ 24,000
D. $ 23,850
allowance
Answer B allowance for receivables
write of debts
Solution
Allowance at 30 June 20x5 = (517,000 - 37,000)*5% 24,000
Allowance at 30 June 20x4 39,000
Reduction (15,000)
Debts written off 37,000
Charge to PL Statement 22,000
, trade receivables totalled $517,000. It was decided to write of
valent of 5% of the trade receivables.

dự phòng
dự phòng khoản phải thu
xóa sổ khoản nợ

Allowance
39,000
37,000 XXXXX => Charge to PL

24,000
XX = 24,000 - (39,000 - 37,000) = 22,000
 The financial year of Mitex Co ended on 31 December 20x1. An inventory count on January 4 20x2 gave a total in
The following transactions occurred between January 1 and January 4
+ Purchases of goods 7,900 $
Q12 + Sales of goods (gross profit margin 40% on sales) 15,000$
+ Goods returned to a supplier 800$
What inventory value should be included in Mitex Co's financial statements at 31 December 20x1?

A. $ 525,400
B. $ 527,600 lợi nhuận chiếm 40% doanh thu => giá vốn chiếm 60% d
C. $ 529,200
D. $ 535,200

Answer C
cost of good sold
Solution
Inventory count, 4 Jan 20x2 527,300 gross profit margin
Purchases since end of year (7,900)
Cost of sales since end of year (15,000*60%) 9,000
Purchases returns since end of year 800
Inventory at 31 Dec 20x1 529,200
ry 4 20x2 gave a total inventory value of $527,300.

ber 20x1?

=> giá vốn chiếm 60% doanh thu

cost of good sold = COGS =giá vốn

gross profit margin tỷ suất lợi nhuận gộp

= gross profit/ revenue = (revenue - cost of good sold)/ revenue
Q13 Which of the following is not true about opinion on financial statements?
A. The auditor should express an opinion on financial statements
B. His opinion is no guarantee to future viability of business
C. He is responsible for detection and prevention of frauds and errors in financial statements
D. He should examine whether recognized accounting principle have been consistently

Answer C
Detect phát hiện
guarantee đảm bảo
 "The risk that a misstatement that could occur in an assertion about a class of transaction, account balance or dis
Q14 be material, either individually or when aggregated with other misstatements, will not be prevented, or detected
timely basis by the entity’s internal control." Which risk does the above statement refer to?

A. Inherent risk rủi ro tiềm tàng

B. Control risk rủi ro kiểm soát
C. Detective risk rủi ro phát hiện
D. Audit risk rủi ro kiểm toán

Answer B account balance số dư tài khoản

action, account balance or disclosure and that could
not be prevented, or detected and corrected, on a
efer to?
Q15 Which of the following is normally the most reliable source of audit evidence?
A. Internal audit
B. Suppliers statements
C. Board minutes biên bản hội đồng quản trị
D. Analytical review Đánh giá phân tích

Answer B reliable đáng tin cậy

Q16 Which of the following statements is most closely associated with analytical procedure applied at substantive sta
A. It helps to study relationship among balance sheet accounts
B. It helps to discover material misstatements in the financial statements
C. It helps to identify possible oversights
D. It helps to accumulate evidence supporting the validity of a specific account balance

Answer D
accumulate tích lũy
validity hợp lệ
ure applied at substantive stage?
Q17 Which of the following statements is INCORRECT?
A. An auditor may serve on the board of directors of an audit client.
B. An auditor who is an immediate family member of the director of an audit client must not be assigned t
C. Purchasing goods from an audit client on normal commercial terms does not create a threat to the audi
D. An auditor who was recently a director of an audit client must not be assigned to the audit team for tha

Answer A
commercial thương mại
assign phân công
 client must not be assigned to the audit team.
not create a threat to the auditor’s independence.
gned to the audit team for that client.
 An auditor should not accept a loan on favourable commercial terms from an audit client because of the threat to
Q18 independence. The threat would be a___________?
A. Self-review threat nguy cư tự xem xét
B. Advocacy threat nguy cơ bào chữa
C. Self-interest Tư lợi
D. Familiarity threat nguy cơ thân thuộc

Answer C
client because of the threat to his or her
 When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally s
Q19 the following opinion?
A. Qualified opinion Ý kiến ngoại trừ
B. Disclaimer of opinion Từ chối đưa ra ý kiến
C. Adverse opinion Ý kiến trái ngược
D. Unqualified report with ‘an emphasis of matter’ paragraph

Answer A Unqualified opinion Ý kiến chấp nhận toàn phần

Unmodified opinion Ý kiến không phải điều chỉnh
Modified opinion Ý kiến phải điều chỉnh
 client, the auditor generally should issue which of

p nhận toàn phần

ông phải điều chỉnh
ải điều chỉnh
Q20 Which of the following is not correct about independence of mind?
A. It permits the provision of an opinion without being affected by influences that compromise professiona
B. It allows an individual to act with integrity.
C. It is the state of mind that creates confidence in the auditor.
D. It is the exercise of objectivity and professional scepticism.

Answer C
s that compromise professional judgement.

Independence of mind độc lập trong suy nghĩ

Independence in appearance Độc lập về biểu hiện
professional judgement đánh giá chuyên môn
integrity trung thực, chính trực
objectivity khách quan
scepticism thái độ hoài nghi
compromise thỏa hiệp
Professional skepticism tính hoài nghi nghề nghiệp
Q21 Segregation of duties means what fundamental functions which must be separated and adequately supervised?
A. Achievability of goals, recording, and custody.
B. Transparency of behaviour, authorisation, and custody.
C. Commitment of employees, reporting, and authorisation.
D. Recording, authorisation, and custody.

Answer D SoD Segregation of Duty chia tách nhiệm vụ

authorisation ủy quyền
and adequately supervised? phân quyền phải phân tách 3 nhiệm vụ
ghi nhận
ủy quyền
bảo quản

1 người ko thể kiêm nhiệm nhiều chức năng

Q22 Professional scepticism is defined as:
A. An attitude to avoid significant mistakes which could influence the economic decisions of users taken on
B. An analysis of management decisions in terms of failed outcomes.
C. The application of relevant training, knowledge and experience in making informed decisions about the c
D. An attitude that includes a questioning mind, being alert to conditions which may indicate possible miss

Answer D
mic decisions of users taken on the basis of the financial statements.

nformed decisions about the courses of action that are appropriate in the circumstances of the audit engagement.
ch may indicate possible misstatement due to error or fraud, and a critical assessment of evidence.
Q23 The following inherent limitations in an audit affect the auditor’s ability to detect material misstatements except
A. Audit evidence.
B. Test and sampling.
C. Audit process permeated by judgement.
D. Poor corporate governance.

Answer D
Poor corporate governance.
aterial misstatements except:

quản trị doanh nghiệp kém

 The respective ratio of the number of boys to the number of girls studying in a School is 25 : 29. The total number
Q24 the School is 270. If 15 boys and 15 girls take admission in the School, what will be the new respective ratio of the
in the School?

A. 6:7
B. 8:9
C. 7:8
D. 7:9

Answer C

Solution
Original number of boys = 25/(25+29)x270=25/54x270=125
Number of girls = 270-125=145
Required ratio=(125+15):(145+15)=140:160=14:16=7:8
ol is 25 : 29. The total number of students studying in
he new respective ratio of the boys and girls studying
Q25 Find the wrong term in the given series: 612, 306, 103, 25.5, 5.1
A. 612
B. 306
C. 103
D. 25.5
E. 5.1

Answer C

Solution
612/2 = 306
306/3=102 , not 103
102/4=25.5
25.5/5=5.1
 Direction: Read the following passage carefully and answers the questions given below:
Nine people A, B, C, D, E, F, G, H and I are sitting around a circular table facing the centre. G is fourth to the left of
right of E. H is fourth to the right of E and is second to the left of D. C is fourth to the right of D. A is not an immed
Q26 D or G. B is third to the right of I.
Who is fourth to the right of A?

A. G
B. C
C. H
D. A

Answer A
E
Solution B
C

F G F

A A
D

H I
 ow:
entre. G is fourth to the left of F who is second to the
e right of D. A is not an immediate neighbor of either

C B

A
D

H I
 Direction: Study the information given below and answer the questions based on it.
Eight persons M, N, O, P, Q, R, S and T belong to the same family. It is a three-generation family and 3 couples are
Q27 father of T. T is the sister of S. P is the son of S. O is the son-in-law of M. Q is the aunt of P. R is the mother of Q. N
How is R related to T?

A. Father
B. Sister
C. Mother
D. Grandmother

Answer C

Solution
ation family and 3 couples are there in the family. M is the
nt of P. R is the mother of Q. N is married to T.

M+ R

Q T+N S+O

P
 What should come in place of the question mark '?' in the following number series ?
Q28 2, 6, 12, 20, ?, 42, 56
A. 27
B. 38
C. 36
D. 30

Answer D

Solution
?
Q29 What is the smallest ocean in the world?
A. Atlantic Ocean đại tây dương
B. Indian Ocean ấn độ dương
C. Pacific Ocean thái bình dương
D. Arctic Ocean Bắc băng dương

Answer D
Q30 Luca Pacioli was:
A. Author of the first book on double-entry accounting
B. The US Senator who initiated the Sarbanes–Oxley Act.
C. The inventor of agency theory.
D. Author of the theory of inspired confidence.

Answer A
Q31 What is the famous work of Ba Huyen Thanh Quan?
A. Banh Troi Nuoc
B. Qua Deo Ngang
C. Truyen Kieu
D. Tat den

Answer B
Q32 Of the 4 blood groups A, B, O, AB, which blood group can receive blood from all the other groups?
A. Group A
B. Group B
C. Group O
D. Group AB

Answer D
other groups?
Q33 How much will the average core inflation in 2020 increase compared to the average in 2019?
A. 3.12%
B. 2.31%
C. 3.21%
D. 2.13%

Answer B
in 2019?
II - ENGLISH (30 minutes)
Write an essay, at least 200 words:
Why did you choose to attend your university? And why did you choose us - KPMG?