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提问人:网友w85747 发布时间:2022-01-07
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In preparing financial statements, accountants adhere to a uniform set of rules called government approved accounting principles (GAAP).

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第1题
Blue Marine SeaFood Co., Ltd.Job Openings at Blue Marine SeaFood Co., Ltd. Position: Senio
Blue Marine SeaFood Co., Ltd.

Job Openings at Blue Marine SeaFood Co., Ltd.

Position: Senior Accountant

Requirements: At least 7 years of related experience

Candidates should have a solid background in accounting, budgeting and financial reporting.

Position: Security Consultant

Requirements: At least 5 years of related experience

A solid understanding of security policies and risk assessment is required.

Position: Public Relations Director

Requirements: At least 7 years of field experience

Strong communication skills: must communicate clearly and effectively to varying audiences; must be comfortable presenting ideas to large and small audiences; must have strong analytical skills; must have excellent interpersonal skills;

Position: Project Manager

Requirements: Ideal candidates will have a university degree in Mechanical

Engineering or Chemical Engineering and experience overseeing a large-scale expansion project.

How to Apply: E-mail your cover letter and resume to Mr. Kevin Donlin at jobs@ seafood.com

Please, indicate the position applied for in the cover letter.

Your resume must include a list of work references and phone numbers to contact your work references.

Your resume must include a list of recent references.

Qualified candidates will be invited for personal interviews between 25th and 27th of December 2007.

To: Kevin Donlin (jobs@seafood.com)

From: John Daker (jconsult@hotmail.com)

Date: December 10

Subject: Position at Blue Marine SeaFood

Dear Mr. Kevin Donlin,

My name is John Daker and I' m writing in response to your job announcement for the Security Consultant position.

I have 9 years of experience in the security field and have worked in both risk assessment and policy information. As a senior manager in my previous job, I have proven myself as an effective team leader with excellent communication skills. I am very interested in this position and would appreciate having the opportunity to discuss it with you further.

Thank you for taking time to review my resume and I look forward to hearing from you soon.

A list of references is attached to my resume.

John Daker

Which job description mentions educational background?

A.Senior accountant

B.Security consultant

C.Project manager

D.Public relations director

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第2题
An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.
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第3题
How to communicate clearly and effectively?
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第4题
(b) As a newly-qualified Chartered Certified Accountant in Boleyn & Co, you have been assigned to assist the ethics

partner in developing ethical guidance for the firm. In particular, you have been asked to draft guidance on the

following frequently asked questions (‘FAQs’) that will be circulated to all staff through Boleyn & Co’s intranet:

(i) What Information Technology services can we offer to audit clients? (5 marks)

Required:

For EACH of the three FAQs, explain the threats to objectivity that may arise and the safeguards that should

be available to manage them to an acceptable level.

NOTE: The mark allocation is shown against each of the three questions.

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第5题
Which of the following is a correct understanding of English accents?

A、The British accent is the standard English accent.

B、The American accent is the standard English accent.

C、The accent of native speakers is the standard English accent.

D、There is no such idea as the "standard English accent".

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第6题
Mark Co has total receivables outstanding of $140,000. The accountant believes that approximately 0.5% of these balances will not be collected, so wishes to make an allowance of $14,000. No previous allowance has been made for receivables. Which of the following is the correct double entry to create this allowance?

A、Debit Credit Increase/decrease in allowance for receivables Allowance for receivables

B、Debit Credit Allowance for receivables Trade Receivables

C、Debit Credit Irrecoverable debts Trade Receivable

D、Debit Credit Allowance for receivables Increase/decrease in allowance for receivables

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第7题
Following a competitive tender, your audit firm Cal & Co has just gained a new audit client Tirrol Co. You are the manager in charge of planning the audit work. Tirrol Co’s year end is 30 June 2009 with a scheduled date to complete the audit of 15 August 2009. The date now is 3 June 2009.

Tirrol Co provides repair services to motor vehicles from 25 different locations. All inventory, sales and purchasing systems are computerised, with each location maintaining its own computer system. The software in each location is

the same because the programs were written specifically for Tirrol Co by a reputable software house. Data from each location is amalgamated on a monthly basis at Tirrol Co’s head office to produce management and financial accounts.

You are currently planning your audit approach for Tirrol Co. One option being considered is to re-write Cal & Co’s audit software to interrogate the computerised inventory systems in each location of Tirrol Co (except for head office)

as part of inventory valuation testing. However, you have also been informed that any computer testing will have to be on a live basis and you are aware that July is a major holiday period for your audit firm.

Required:

(a) (i) Explain the benefits of using audit software in the audit of Tirrol Co; (4 marks)

(ii) Explain the problems that may be encountered in the audit of Tirrol Co and for each problem, explain

how that problem could be overcome. (10 marks)

(b) Following a discussion with the management at Tirrol Co you now understand that the internal audit department are prepared to assist with the statutory audit. Specifically, the chief internal auditor is prepared to provide you with documentation on the computerised inventory systems at Tirrol Co. The documentation provides details of the software and shows diagrammatically how transactions are processed through the inventory system. This documentation can be used to significantly decrease the time needed to understand the computer systems and enable audit software to be written for this year’s audit.

Required:

Explain how you will evaluate the computer systems documentation produced by the internal audit

department in order to place reliance on it during your audit. (6 marks)

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第8题

The trainee accountant at Judd Co has forgotten to make an accrual for rent for December in the financial statements for the year ended 31 December 20X2. Rent is charged in arrears at the end of February, May, August and November each year. The bill payable in February is expected to be $30,000. Judd Co’s draft statement of profit or loss shows a profit of $25,000 and draft statement of financial position shows net assets of $275,000. What is the profit or loss for the year and what is the net asset position after the accrual has been included in the financial statements?

A、Profit for the year Net asset position $15,000 $265,000

B、Profit for the year Net asset position $15,000 $285,000

C、Profit for the year Net asset position $35,000 $265,000

D、Profit for the year Net asset position $35,000 $285,000

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第9题
Expected values can help an accountant evaluate the range of possible net present value outcomes.
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第10题
The key to surviving in business is generating cash to keep operating.
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