TRẮC NGHIỆM TIẾNG ANH CHUYÊN NGÀNH 9.

Prepare for a company’s financial information in

1. Shares which have been issued and for wich the order to calculate the proportion of their profit
company is demending payment which they must pay to their government
A. Accountancy bodies A. Tax accounting
B. Operating expenses B. Trainee accountants
C. Called – up share capital C. Internal auditors
D. Goodwill D. Forensic accounting
2. Money earned from a company's normal 10. The total value of a company minus the net value
activities, not including exceptional items of the tangible assets
A. Liabilities A. Equity
B. Operating expenses B. Assets
C. Dividend C. Liabilities
D. Cash D. Goodwill
3. Amounts of money owed by a business to a 11. Official body of auditors, who check that a
supplier or lender company’s financial report is true and honest
A. Liabilities A. Internal auditors
B. Equity B. External auditors
C. Loans C. Chartered accountant
D. Regulator D. Chamber of auditor
4. Official organizations which represent people of a 12. To move something to a different place or position
particular profession A. Reserves
A. Goodwill B. Shift
B. Equity C. Affiliate
C. Accountancy bodies D. Loans
D. Cumulative 13. In the UK, a person who has finished three years of
5. The capital that a company has from shares rather work and training and passed an examination to
than from loans become a member of the Institute of Chartered
A. Insolvency Accountants
B. Equity A. Chartered accountant
C. Minority interests B. Chamber of auditor
D. Chartered accountant C. External auditors
6. The value that a company has in addition to its D. Internal auditors
assets, such as a good reputation with its customers 14. Things which belong to a business which have the
A. Goodwill value or power to create money, such as machinery
B. Equity A. Equity
C. Dividend B. Assets
D. Amortization C. Liabilities
7. An accountant working in this areas acts for a D. Goodwill
person or company that is no longer able to pay 15. Things which a person or company owns and
their debts or a company whose liabilities exceed which are of value to the owner
its assets A. Equity
A. Insolvency B. Assets
B. Tax accounting C. Liabilities
C. Chartered accountant D. Goodwill
D. Forensic accounting 16. Money which is lent or borrowed
8. Less than half a company's shares, or fewer shares A. Loans
than the largest shareholder B. Equity
A. Operating expense C. Assets
B. Minority interests D. Liabilities
C. Goodwill 17. Profit relating to a company's normal activities of
D. Equity providing goods or servcies, before tax is deducted
 A. Operating expense 25. Money set aside for a future expense (such as debts
B. Operating profit which a company's customers fail to pay).
C. Dividend A. Reputation
D. Gross profit B. Provisions
18. The part of a company's profits from previous C. Depreciation
years which have not been paid to investors D. Consolidation
A. Reserves 26. The opinion that people have of someone or
B. Shift something, based on past behavior or
C. Affiliate character
D. Loans A. Reputation
19. Costs relating to a company's normal activities of B. Provisions
providing goods or services C. Depreciation
A. Operating expense D. Consolidation
B. Shift 27. The inclusion in the accounts of amounts which
C. Affiliate may arise in the future
D. Loans A. Acquisition
20. When a company’s financial records are officially B. Provisions
checked because illegal activity is suspected C. Depreciation
A. Forensic accounting D. Consolidation
B. Tax accounting 28. A person or an organization who is chosen by the
C. Depreciation government to be responsible for
D. Joint venture making sure that an industry or system work
21. A part of the profits of the company for a particular legally and fairly
period of time that is paid to shareholders for each A. Chamber of auditor
share that they own B. External auditors
A. Operating expense C. Internal auditors
B. Operating profit D. Regulator
C. Dividend 29. One of the standards created by the International
D. Gross profit Accounting Standards Board, which
explains how company accounts must be recorded
22. The gradual loss in value of a fixed asset that wears or shown
out over a number of years or needs to be replaced A. IAS
regularly B. IFRS
A. Depreciation C. GAAP
B. Operating expense D. AICPA
C. Total liabilities 30. Money paid out to shareholders
D. Expenditure A. Loans
23. Business activity in which two or more companies B. Equity
have invested together C. Assets
A. Due diligence D. Dividend
B. Joint venture 31. Coins, bank notes, or something that can be easily
C. Expenditure exchanged for these
D. Capitalization A. Money
24. The process to reduce the value of a fixed asset to B. Cash
zero, over a specified number of years (verb: to C. Liquidation
depreciate) D. Acquisition
A. Depreciation 32. Building and equipment for manufaturing
B. Operating expense A. Tangible asset
C. Total liabilities B. Intangbible asset
D. Expenditure C. Plant
D. Assets
33. Writing an intangible asset off over a number of 42. Person in charge of the staff responsible for giving
years administrative support to the Finance department
A. Depreciation A. Trainee accountants
B. Amortization B. Tax accountant
C. Consolidation C. Bookkeepers
D. Provisions D. Back-office manager
34. Purchase price minus real value of assets 43. Employees of a company who are responsible for
A. Equity inspecting its accounts
B. Assets A. Trainee accountants
C. Liabilities B. Tax accountant
D. Goodwill C. Bookkeepers
35. The process to reduce the value of an tangible to D. Internal auditors
zero , over a specified number of years
A. Depreciation
B. Amortization 44. People employed by an outside firm of accountants
C. Consolidation and hired by a company to inspect its accounts.
D. Provisions A. Trainee accountants
36. Increasing by successive additions B. External auditors
A. Depreciation C. Bookkeepers
B. Amortization D. Internal auditors
C. Consolidation 45. An asset which does not have a physical nature
D. Cumulative (such as a trademark or a patent).
37. Reduction in value due to wear and tear A. Tangible asset
A. Depreciation B. Intangbible asset
B. Amortization C. Plant
C. Consolidation D. Assets
D. Cumulative 46. The holding company owns a minority interest
38. Money that is owed (less than 50%), but the accounts are nevertheless
A. Liabilities consolidated.
B. Equity A. Consolidation
C. Debt B. Consolidated affiliates
D. Regulator C. Affiliate
39. Accountants who are studying for professional D. Leasing
examinations. 47. The total legal obligations of a company to pay
A. Trainee accountants other parties.
B. Tax accountant A. Liabilities
C. Bookkeepers B. Equity
D. Internal auditors C. Debt
40. Administrative staff responsible for processing the D. Total Liabilities
records of a business’s financial activities. 48. The ordinary shares held by the owners, who
A. Trainee accountants therefore are the last to receive their money back in
B. Tax accountant the event of liquidation.
C. Bookkeepers A. Dividend
D. Internal auditors B. Equity
41. An accountant speciallizing in a company’s tax C. Common stock
affairs D. Return on Assets
A. Trainee accountants 49. Amounts that will be collected in the normal
B. Tax accountant course of business within one year.
C. Bookkeepers A. Accounts payable
D. Internal auditors B. Accounts receivable
C. Current receivables
 D. Budget C. Debt
50. Profit which is not paid out to shareholders in the D. Debt / Assets ratio
form odd dividends, but instead is kept by the 55. The amounts that a person or organization owes to
company to reinvest or pay off debts. someone else in the normal daily business
A. Dividend A. Accounts receivable
B. Common stock B. Accounts payable
C. Operating profit C. Operating profit
D. Retained earning D. Retained earning
51. The amounts affecting common stockholders, but 56. The amounts that a person or organization is owed
not from movements in the stock of the company. in the normally daily business, i.e. excluding loans
(e.g. currency translation adjustments). and liabilities
A. Common stock A. Accounts receivable
B. Dividend B. Accounts payable
C. Accumulated gains C. Operating profit
D. Accumulated Depreciation D. Retained earning
52. The current assets divided by the current liabilities 57. Another word for purchase. Normally used for very
A. Equity large amounts, such as buildings, factories, or
B. Liabilities another company
C. Assets A. Acquisition
D. Working Capital B. Consolidated affiliates
53. Net income plus interest expenses divided by total C. Affiliate
assets D. Leasing
A. Dividend 58. A person or company wich is in some way
B. Operating profit connected to another
C. Retained earning A. Acquisition
D. Return on Asset B. Consolidated affiliates
54. Total assets divided by total liabilities C. Affiliate
A. Assets D. Leasing
B. Liabilities
59. The professional body of accounts in the USA 63. A written statement showing the money received
A. IAS from shareholders and creditors
B. IFRS A. Income statement
C. GAAP B. Financial statements
D. AICPA C. Balance sheet
60. A written statement showing the amount of money D. Board
and property a company has 64. When a company spends money on something
A. Income statement which will last for more than one year. This
B. Financial statements amount is normally put into the Balance sheet
C. Balance sheet A. Consolidation
D. Board B. Acquisition
61. The top management of a company C. Capitalization
A. Chamber of auditor D. Expenditure
B. External auditors 65. The title given to state-recognized accountants in
C. Internal auditors the United States of America
D. Board (of Direcors) A. IAS
62. The fixing of the amounts to be spent in the future. B. IFRS
Also, the official statement showing these amounts C. GAAP
A. Assets D. CPA
B. Liabilities 66. Not telling others about information which a
C. Debt business partner or client tells you
D. Budget A. Consistency
 B. Confidentiality D. Capitalization
C. Going concern 75. The money spent on buying assets, which will then
D. Subsidiary be included in the Balance sheet
67. The idea that accounts should be prepared on the A. Assets
same basis from one year to the next B. Expenditure
A. Consistency principle C. Debt
B. Confidentiality principle D. Budget
C. Going concern principle 76. When used as a verb, this word means that am
D. Subsidiary principle amount of money spent by a company can go
68. The process of including the figures of subsidiaries directly into the Profit and Loss Statement
and affiliates in the accounts of a holdin company A. Expenditure
A. Consolidation B. To expense
B. Acquisition C. Consolidate
C. Capitalization D. Deffered
D. Expenditure 77. The proportion of debt and equity ownership in
69. The manipulation of figures in the accounts, company of an asset.
designed to give a better result for the company Gearing
A. Tax accounting A. Consolidation
B. Chartered accountant B. Acquire
C. Forensic accounting C. Capitalising
D. Creative accounting D. Gearing
70. A person of organization to whom money is owed 78. These are the rules which accountants are required
A. Chamber of auditor to follow when preparing financial statements,
B. External auditors which are not written into law
C. Internal auditors A. IAS
D. Creditor B. IFRS
71. An amount which has to be paid to another party C. GAAP
(see also: to service debt) D. CPA
A. Assets 79. The idea that financial information can only be
B. Liabilities reported correctly on the basis that the company
C. Debt will be able to operate in the future.
D. Budget A. Consistency principle
72. The inclusion in the accounts of amounts which B. Confidentiality principle
will have to be paid in the future, but which are C. Going concern principle
based on current transactions. D. Subsidiary principle
A. Expenditure 80. The company which owns the shares in all the
B. Deffered other companies in a group
C. Liabilities A. Leasing
D. Capitalization B. Holding company
73. Another word for the sale of an asset C. Matching
A. Consolidation D. Subsidiary
B. Acquisition 81. Used to describe the process of reducing the value
C. Capitalization of an intangible asset
D. Diposition A. Expenditure
74. The process of checking the finances and contracts B. To expense
of a company before the purchase of assets or C. To consolidate
shares, to ensure all relevant information has been D. To impair
given. 82. Currently the International Financial Reporting
A. Consolidation Standards
B. Acquisition A. IAS
C. Due diligence B. IFRS
 C. GAAP B. Maturity
D. CPA C. Matching
83. The set of standards created to unify accounting D. Subsidiary
practices in the world. Replace the former 91. When two organizations come together to create
International Accounting Standards one new company
A. IAS A. Consolidation
B. IFRS B. Merger
C. GAAP C. Leasing
D. CPA D. Matching
84. The goods which a company produces, but which 92. A shareholding of less than 50% in another
have noy yet been sold company
A. Equity A. Insolvency
B. Goodwill B. Equity
C. Equipment C. Minority interest
D. Inventory D. Chartered accountant
85. A legal contract to rent assets from the owner, 93. The structurin of certain transactions which might
often over long periods of time and with the allow the company to leave large amounts out of
possibility to buy the assets at the end of the rental the accounts
period A. Off balance sheet accounting
A. Leasing B. Chartered accountant
B. Holding company C. Forensic accounting
C. Matching D. Creative accounting
D. Subsidiary 94. A company which owns most of the shares in
86. The amount of money or the value of something, another company (see also: subsidiary)
which a person or organization owes to someone A. Holding company
else. For insurance matters, “liability means the B. Parent company
responsibility to pay the cost of an accident C. Joint venture
A. Assets D. Leasing company
B. Liability 95. The idea that financial information should be
C. Equity reported conservatively, so that it is not possible
D. Budget that the overall value of a company is overstated
87. The dissolving of a company which can no longer A. Consistency principle
pay its bills B. Matching principle
A. Assets C. Going concern principle
B. Liability D. Prudence principle
C. Loan 96. A mathematical calculation which compares one
D. Budget amount to another
88. The difference between the sales value and the A. Debt
direct cost of producing an item B. Interest
A. Liability C. Return
B. Carrying amount D. Ratio
C. Recoverable amount 97. Cost to fix an assets (such as a machine), or the
D. Margin normal cost needed to keep the asset working
89. The idea that amounts should be recorded at the properly
time they occur, not when cash is paid or received A. Expenditure
A. Consistency principle B. Capitalization
B. Confidentiality principle C. Assets
C. Going concern principle D. Repair and maintenance
D. Matching principle 98. The estimated value of an asset at the end of its
90. The end date of a contract useful life
A. Leasing A. Future value
 B. Present value 103. The inventory of a company, i.e., the goods
C. Fair value which have not been sold
D. Salvage value A. Dividend
99. The sales valude of an asset when it can no longer B. Profit
be used C. Loss
A. Present value D. Stock
B. Fair value 104. An official document sent to the tax authorities
C. Salvage value which states profit or loss, and used to calculate
D. Scrap value how much tax has to be paid
100. To pay the interest and capital repayment in A. Rate
accordance with the loan contract B. Interest
A. Capitalization C. Tax return
B. To expense D. Defferred tax
C. To capitalize 105. The process of checking a random sample of a
D. To service debt list of items, to gain assurance that the complete
101. Another word for the shares of a company list is correctly reported
A. Dividend A. Depreciation
B. Profit B. Operating expense
C. Loss C. Test basis
D. Stock D. Expenditure
102. A company which is owned or controlled by 106. The increase (decrease) in value of an asset
another company (see also: parent company) which has not yet been sold
A. Holding company A. Profit
B. Parent company B. Unrealized gain
C. Joint venture C. Gain
D. Subsidiary D. Loss
107. All expenses incurred before a company is
formed
A. Ixpense
B. Preliminary expenses
C. Operating expense
D. Expenditure