完整版会计学原理英文版一单元习题.docx

完整版会计学原理英文版一单元习题.docx

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完整版会计学原理英文版一单元习题

1. Accountingisaninformationandmeasurementsystemthatidentifies,records,andcommunicatesrelevant,reliable,andcomparableinformationaboutanorganization'sbusinessactivities. 

 2. Bookkeepingistherecordingoftransactionsandeventsandisonlypartofaccounting. 

 3. Anaccountinginformationsystemcommunicatesdatatohelpbusinessesmakebetterdecisions. 

  4. Managerialaccountingistheareaofaccountingthatprovidesinternalreportstoassistthedecisionmakingneedsofinternalusers. 

 5. Internaloperatingactivitiesincluderesearchanddevelopment,distribution,andhumanresources. 

 6. Theprimaryobjectiveoffinancialaccountingistoprovidegeneralpurposefinancialstatementstohelpexternalusersanalyzeandinterpretanorganization'sactivities. 

7. Externalauditorsexaminefinancialstatementstoverifythattheyarepreparedaccordingtogenerallyacceptedaccountingprinciples. 

8. Externalusersincludelenders,shareholders,customers,andregulators. 

9. Regulatorsoftenhavelegalauthorityovercertainactivitiesoforganizations. 

10. Internalusersincludelenders,shareholders,brokersandmanagers. 

11. Opportunitiesinaccountingincludeauditing,consulting,marketresearch,andtaxplanning. 

 12. Identifyingtheproperethicalpathiseasy. 

13. TheSarbanes-OxleyAct（SOX）requireseachissuerofsecuritiestodisclosewhetherishasadoptedacodeofethicsforitsseniorfinancialofficersandthecontentsofthatcode. 

 14. Thefraudtriangleassertsthattherearethreefactorsthatmustexistforapersontocommitfraud;thesefactorsareopportunity,pressure,andrationalization.

 15. TheSarbanes-OxleyAct（SOX）doesnotrequirepubliccompaniestoapplybothaccountingoversightandstringentinternalcontrols. 

  16. Apartnershipisabusinessownedbytwoormorepeople. 

17.Ownersofacorporationarecalledshareholdersorstockholders. 

18.Inthepartnershipformofbusiness,theownersarecalledstockholders. 

19. Thebalancesheetshowsacompany’snetincomeorlossduetoearningsactivitiesoveraperiodoftime. 

20. TheFinancialAccountingStandardsBoardistheprivategroupthatsetsbothbroadandspecificaccountingprinciples. 

21. Thebusinessentityprinciplemeansthatabusinesswillcontinueoperatingforanindefiniteperiodoftime. 

22. Generallyacceptedaccountingprinciplesarethebasicassumptions,concepts,andguidelinesforpreparingfinancialstatements. 

23. Thebusinessentityassumptionmeansthatabusinessisaccountedforseparatelyfromotherbusinessentities,includingitsownerorowners.

24. Asageneralrule,revenuesshouldnotberecognizedintheaccountingrecordsuntilitisreceivedincash. 

25. Specificaccountingprinciplesarebasicassumptions,concepts,andguidelinesforpreparingfinancialstatementsandariseoutoflong-usedaccountingpractice. 

26. Generalaccountingprinciplesarisefromlong-usedaccountingpractices. 

27. Asoleproprietorshipisabusinessownedbyoneormorepersons. 

28. Unlimitedliabilityisanadvantageofasoleproprietorship. 

29. Understandinggenerallyacceptedaccountingprinciplesisnotnecessarytouseandinterpretfinancialstatements. 

30. TheInternationalAccountingStandardsboard（IASB）hastheauthoritytoimposeitsstandardsoncompaniesaroundtheworld. 

 31. Objectivitymeansthatfinancialinformationissupportedbyindependentunbiasedevidence. 

32. Theideathatabusinesswillcontinuetooperateinsteadofbeingclosedorsoldunderliesthegoing-concernassumption.

33. Accordingtothecostprinciple,itispreferableformanagerstoreportanestimateofanasset'svalue. 

34. Themonetaryunitassumptionmeansthatallinternationaltransactionsmustbeexpressedindollars. 

35. TheInternationalAccountingStandardsBoard（IASB）isthegovernmentgroupthatestablishesreportingrequirementsforcompaniesthatissuestocktothepublic. 

36. Alimitedliabilitycompanyoffersthelimitedliabilityofapartnershiporproprietorshipandthetaxtreatmentofacorporation. 

37. TheSecuritiesandExchangeCommission（SEC）isagovernmentagencythathaslegalauthoritytoestablishGAAP. 

 38. Thethreecommonformsofbusinessownershipincludesoleproprietorship,partnership,andnon-profit. 

39. Thethreemajortypesofbusinessactivitiesareoperating,financing,andinvesting. 

40. Planningisdefininganorganization'sideas,goals,andactions. 

 41. Strategicmanagementistheprocessofdeterminingtherightmixofoperatingactivitiesforthetypeoforganization,itsplans,anditsmarkets. 

42. Planningactivitiesarethemeansanorganizationusestopayforresourceslikeland,buildings,andequipmenttocarryoutitsplans.

 43. Investingactivitiesaretheacquiringanddisposingofresourcesthatanorganizationusestoac