微信客服：xiaoxionga100
微信客服：ITCS521
FINM7409-无代写
时间：2023-08-29
HD EDU
HD EDU
FINM 7409
期中刷题课
TUTOR: Hathaway
HD EDU
HD EDU
HD EDU
Mid-term exam introduction
Introduction：
Date: 8 月 30 日（BNE 时间）, including reading time(15’) & submitting time(10’)
Weight: 30%
Scope: Lecture 1 – Lecture 4
Description: Multiple-choice 选择题+ problem-solving questions 计算题
Method: 开卷考试
复习方法：
基础知识点复习：
参考 Lecture 1 – Lecture 4 的 PPT 和同步课的 PPT，重点关注同步课每周的总结。
刷题：
复习/重做错题本上的错题
回顾 tutorial 上讲过的题目
答题方法：
MCQ (Part A)：
✓ 在 blackboard 上做 → 看清楚选项，虽然是单选题，但是仍然会有 all correct/ all
false 的选项
✓ 提交后不能更改，未提交状态下可以返回上一题
Problem-solving (Part B)：
✓ 需要在 blackboard 上提交答案（手写拍照/pdf 扫描）
Part B 有单独的提交链接
HD EDU
Lecture 1
Lecture 1 考点回顾
会计学的基本概念。
考核方式：选择题
考核难点：定义性考点 – 会计信息质量要求（case），财务会计和管理会计的区分，三种不同类
型的企业的区分
Lecture 1 练习题
Q1 【会计学基本概念】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
About the stakeholder theory, which of the following is correct?
A. Recognizes that organizations have a variety of interested users
B. Attempts to meet the needs of the primary users
C. Was introduced by R.E. Freeman in 1986.
Q2 【企业类型】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What is the disadvantages of partnership?
A. Not a separate legal entity
B. Increased regulation
C. Unlimited liability
D. Have to share profit with partners
E. All of the above
HD EDU
Q3 【会计学基本概念- 报表】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statement is correct?
A. Well-prepared financial statements will meet all of the needs of most but not all user groups
B. The accounting information is useful only to those trained in accounting
C. The ability to understand financial statements is important and even critical for many non-accounting
managers in business
Q4 【会计学基本概念，同 Q1】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Accounting seeks to satisfy the needs of which of the following users?
A. Shareholders
B. Stakeholders
C. Governments
D. Creditors
E. Institution investors
Q5 【财务会计和管理会计的区别】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is false?
A. Management accounting provides more scope for creativity than financial accounting
B. There are more rules to follow in financial accounting than in management accounting
C. Management accounting reports tend to provide a wider range of information than that provided by
financial accounting
D. All of the above are false
E. None of the above are false
Note：补充选项判断正误
Financial reports are prepared for internal users whereas management reports are prepared for external
users.
Financial reports are produced at more frequent intervals than management reports.
Financial reports reflects past performance whereas management reports are concerned with the future
HD EDU
as well as the past.
Financial reports provide more forecast data than management reports.
Q6 【基本概念- 企业的目标】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What is the most common corporate mission statement?
A. Provision of good working conditions for employees
B. Conservation of the environment
C. Earning of profit in the short term
D. Enhancement of the wealth of its owners
Q7 【报表的区别】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which financial statement are videos rather than snapshots?
A. Income statement and balance sheet
B. Statement of cash flows and statement of financial position
C. Balance sheet and statement of cash flows
D. Statement of financial performance and statement of cash flow
Q8 【企业类型】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
You’ve decided to follow Yun Ma and dump university to go into business. You will probably set up your
business initially as a:
A. Limited company
B. Partnership
C. Non-profit organization
D. Sole trader
Q9【会计职能】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The purpose of accounting is to:
A. Provide financial information to client
B. Prepare financial reports on a regular basis
C. Provide information to assist users’ decision making
HD EDU
D. Report on the status of transactions for the period
Q10 【会计信息质量要求】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The usefulness of accounting information is increased by:
A. Not being over complex
B. Being provided on schedule (not late)
C. Being supported by reasonable evidence
D. All of the above
Q11 【risk and return model】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statement is false?
A. The global financial crisis is a good example of appropriate risk behavior
B. Life without risk is death.
C. The expected level of return increases as the level of risk increases
D. Managers and organizations must strike a balance between risk and return.
Q12【会计准则】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is not a response of the accounting profession to the changing environment being
faced by today’s business?
A. Accounting standards that meet the unique needs of particular country.
B. Harmonization of accounting rules across countries and continents
C. Greater transparency in financial reporting.
D. Greater comparability in financial reporting.
Q13 【会计信息质量要求】Source: 往届 tutorial
What best describe the relevance of an information?
A. Ensuring that information is free from bias
B. It has the predictive value and confirmatory value
C. Help investors to compare the information from different perspectives
D. It can be verified by independent experts and evidence
HD EDU
Q14 【会计信息使用者】Source: 往届 tutorial
Which group of users is most likely to require accounting information to assess the ability of a business
to pay interest and repay a loan?
A. Shareholder
B. Creditors
C. Government
D. Customers
Q15 【财务会计和管理会计的区别】Source: 往届 tutorial
Management accounting reports tend to contains:
A. Financial information only
B. Both financial and non-financial information
C. Non-financial information only
D. All are incorrect
Q16 【会计信息质量要求】Source: 公开练习题
Application of the (prudence) conservatism assumption can produce:
A. Higher profit
B. Higher value for assets
C. Higher amount for liabilities
D. Lower amount for expense
Q17 【管理会计的职能】Source: 往届 tutorial
What is the primary goal of management accounting
A. Provide information that can be qualified in monetary terms
B. Provide information that improves the quality of managers’ decisions
C. Provide information that conforms to accounting regulations
D. Provide information to shareholders
HD EDU
Q18 【会计信息质量要求】Source: 往届 tutorial
Which of these is not one of the key qualities of accounting information?
A. Timeliness
B. Reliability
C. Control
D. Relevance
Q19【accounting entity】Source: 往届 tutorial
Which of the following business structure has a separate accounting entity?
A. Sole proprietor
B. Partnership
C. Company
D. All of the above
Q20【常识题】
Why might profit maximization in a particular year not benefit a business in the long run?
A. If it is achieved with high-risk strategies, such as excessive reliance on borrowings, it could
lead to disaster in long run
B. It may be achieved by causing environmental problems, which gives the business a bad
reputation
C. Concentrating on the short-term may have detrimental effects in the long-term
D. All of the above
HD EDU
Lecture 2
Lecture 2 考点回顾
资产负债表：
资产负债表是时点报表，在年底的那一天给资产负债所有者权益照照片；
资产负债表要素，asset and liability 的确认条件及分类；资产的公允价值和减值；
会计恒等式 asset = liability + equity；
三种格式；
基本的会计原则。
Lecture 2 练习题
Q1 【负债的分类和定义】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A potential liability exists that might arise on the occurrence of a particular event is known as:
A. Provision
B. Liability
C. Debt
D. Contingent liability
Q2 【资产负债表基础】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which layout of the statement of financial position focuses on the owners?
A. Horizontal
B. Vertical – entity approach
C. Vertical – proprietary approach
D. Narrative
HD EDU
Q3 【资产负债表要素定义- equity】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is not a component of equity?
A. Share capital (shareholders capital/ paid-up capital)
B. Retained earnings
C. Contributed capital
D. Revaluation reserve (asset revaluation reserves)
E. None of the above
Q4 【资产的定义】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is a main characteristic of an asset?
A. Possible future economic benefit
B. Exists from a future transaction or event
C. The business has an exclusive right to control the benefit
D. Cannot be reliably measured in monetary terms
Q5 【资产负债的分类】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is correct?
A. NCA (non-current asset) must be tangible
B. NCA are generally held for sale to customers
C. Current labilities are amounts due for settlement within a year or two
D. Revenue received in advance can be either a current or non-current liability
E. Accountant payables are generally classified as a non-current liability
HD EDU
Q6【accounting conventions】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is correct?
A. General accepted accounting principles are accounting rules developed by the AASB (Australian
accounting standard board)
B. The entity or business entity convention provides for a clear alliance of the business and its owners
C. The historic cost convention values assets at their cost on the date of acquisition
D. Current value provides more reliable amounts for asset valuation
E. The prudence convention is rarely applied in actual practice
Q7 【transaction】Source: 往届 tutorial
What is the effect on the statement of financial position when the business buys inventory on credit?
A. Increase asset inventory, increase liability creditor
B. Decrease asset inventory, increase asset cash
C. Increase equity, increase asset cash
D. Increase asset inventory, decrease asset cash
Q8 【存货计价】Source: 往届 tutorial
An item of inventory costing $750 can now only be sold at auction for $200. Auction costs of $50 will
be incurred to make the sale. The net realizable value of the inventory is?
Q9【存货计价】Source: 往届 tutorial
If inventory item A has a cost of $49,000 and a net realizable value of $40,000 while inventory item
B has a cost of $2,000 and NRV of $500, closing inventory will be valued at ________
Q10【会计恒等式】Source: 往届 tutorial
What is the value of equity?
Assume bank overdraft $3,500, accounts receivable $3,000, accounts payable $1,500, prepaid $4,000
HD EDU
Q11【movement principle】source: 往届 tutorial
HD EDU
Q12 【transaction】 Source: 往届 tutorial
A. Purchase inventory on credit for $5,000
B. Collected $4,000 from customers
C. Sales on cash $2,000 (cost= $1,500)
D. Sales on credit $6,000 (cost = $4,500)
E. Paid creditors $7,000
F. Owner’s additional cash contribution $10,000
G. Purchased furniture for cash $6,000
H. Loan repayment of $2,000
HD EDU
Beginning Transactions Ending
Assets $
Cash 3,000
Accounts
receivable
5,000
Inventory 7,000
Freehold premises 60,000
Freehold and
fittings
18,000
93,000
Liabilities $
Trade creditors 3,000
Bank loan 30,000
33,000
Capital $ 60,000
93,000
Hint: 按照会计恒等式验证正确性
HD EDU
Q13 【transaction】Source: 往届 tutorial
Prepare statement of financial position based on the following information:
On 1 March 2021, Joe started a new business. During this month he carried out the following
transactions:
A. Deposited $20,000 in a bank account
B. Purchased fixtures and fittings for $6,000 cash and inventory valued at $8,000 on credit
C. Borrowed $5,000 from a relative and deposited it in the bank
D. Purchased a car for $7,000 cash and withdrew $200 for own use
E. Purchased another car costing $9,000. The car purchased was given in part exchange at a value of
$6,500. The balance of purchase price for the new car was paid in cash
F. Joe won $2,000 in a lottery and paid the amount into the business bank account. He also repaid
$1,000 of the loan
HD EDU
Lecture 3
Lecture 3 考点回顾
利润表：
利润表是时段报表，记录资产和负债是如何由期初变成期末的
Sales revenue – 收入的确认条件，at point time? Over a period?
Cost of sales – inventory movement – 存货的定义，成本，计量方法，减值(cost and NRV)，管理模
式
Depreciation – 方法的选择
Bad debt expense – 在资产负债表和利润表中的不同呈现
Lecture 3 复习建议
掌握理解“万能公式”
Lecture 3 练习题
Q1 【存货的成本】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following should not be included in the cost of inventory?
A. Delivery cost (e.g. freight outward)
B. Purchase cost
C. Import taxes
D. Shipping cost (e.g. freight inward)
Q2 【利润表基础概念】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The statement of financial performance:
A. Is prepared at a particular point in time
B. Is more important than the balance sheet
C. Consists of revenues and expenses
HD EDU
Q3 【存货估值】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which is not acceptable in valuing the inventory?
A. FIFO
B. LIFO
C. Weighted average cost
Q4 【会计信息质量要求- lecture 1】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A company wishes to change their inventory flow assumption. Which accounting convention or principle
limits their ability to do so?
A. Historical cost
B. Matching
C. Prudence
D. Consistency
E. Conservatism
Q5 【补充知识点】
The ‘Allowance for doubtful debt’ account is what kind of account?
- Asset (contra-asset) 坏账准备是应收帐款的备抵账户
Q6 【会计恒等式】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The owners’ contribution of capital to open the business bank account will result in which of the
following?
A. An increase in both revenue and equity
B. An increase in revenue and decrease in equity
C. An increase in cash and decrease in equity
D. An increase in cash and increase in equity
E. An increase in both cash and revenue
HD EDU
Q7 【补充知识点】
The ‘bottom line’ in the income statement refers to:
- Profit for the year = profit after tax (PAT)
Q8 【movement principle】Source: 往届 tutorial
Calculate the profit for the year if capital at the beginning is $45,000, capital at the end is $40,000 and
during the year the owner withdrew $15,000
A. $20,000
B. $10,000
C. $5,000
D. -$10,000
Q9 【折旧计算】source: 原创例题
A 公司的年底是 2021 年 12 月 31 日。公司在 2021 年 8 月 1 日购入一辆汽车，成本为
$250,560。该汽车预计使用年限（estimated useful life）为 10 年，预期残值（residual
value）为$100,000。计算该汽车在 2021 年 12 月 31 日的账面价值（carrying amount = book
value = net amount）
Q10【profit 的 movement principle】source: 往届 tutorial
Calculate the profit for the year if the opening balance of equity is $15,000 and closing balance is
$25,000. During the year, the owner contributes $5,000.
HD EDU
Q11 【要素区分 prepaid and accruals】Source: 往届 tutorial
Paid/ received Expense/ revenue Prepaid Accruals
Rent payable 10,000 ? 1,000
Rates and
insurance
5,000 ? 1,000
General expenses ? 6,000 1,000
Interest payable 3,000 2,500 ?
Salaries ? 9,000 3,000
Rent receivable ? 1,500 1,500
Q12 判定下列科目是否属于利润表科目，如是，属于哪个科目 【利润表要素区分】Source: 往届
tutorial
Accounting and auditing –
Accounts payables –
Accounts receivables –
Accumulated depreciation – equipment –
Accumulated depreciation – motor vehicles –
Allowance for doubtful debts –
Bad and doubtful debts –
Cash –
Cost of sales –
Depreciation – equipment –
Depreciation – motor vehicles –
Equipment repairs –
Heat and light –
Insurance –
Inventory –
Loan –
Loan interest –
HD EDU
Motor vehicle running costs –
Motor vehicles –
Phone and internet –
Rent and rates –
Royalties received –
Salary and wages –
Sales –
Q13 【存货的计价方法】Source: 往届 tutorial
The opening balance of the inventory was 200 tonnes of sand at a cost of $180 per tonne at 1 August
2021, a total cost of $36,000. The purchase information for this period is at following:
Date Tonnes Cost per tonne
2021.8.12 480 $200
2021.8.16 150 $240
2021.8.20 100 $250
On 27 Auguest the business sold 600 tonnes of sand to a local builder.
Calculate the cost of goods sold based on FIFO and LIFO.
Calculate the closing inventory based on weighted average cost allocation.
Q14 【折旧方法】Source: 往届 tutorial
S company bought a machine for $40,000. At the end of its useful life of four years, the residual value
was $8,000. What is the depreciation amount should be charged based on straight-line basis?
HD EDU
Q15【编表*2】Source: 往届 tutorial
Statement of financial position as at 31 December 2021
ASSET
Current asset
Cash 16,600
Pre-payment = pre-paid 800
Trade receivables 42,600
Inventories 24,400
NCA
Machinery 50,600
Total asset 135,000
EQUITY AND LIABILITIES
Current liabilities
Accountant payables 33,800
Accrual (wages) = accrued expense 3,400
Equity
Share capital 50,000
Retained earrings 47,800
Total equity and liabilities 135,000
During 2022, the following transactions took place:
1. The owners withdrew equity in the form of cash of $46,000
2. Premises were rented at an annual rental of $40,000. During the year, rent of $50,000 was paid to
the owner of the premises.
3. Rates on the premises were paid during the year for the period 1 April 2021 to 31 March 2022 and
amounted to $4,000.
HD EDU
4. Some machinery (a non-current asset), which was bought on 1 January 2021 for $26,000, has
proved to be unsatisfactory. It was part-exchanged for some new machinery on 1 January 2022, and
the company paid a cash amount of $12,000. The new machinery would have cost $30,000 had the
business bought it without the trade-in.
5. Wages totaling $47,600 were paid during the year. At the end of the year, the business owed $1,720
of wages.
6. Electricity bills for the four quarters of the year were paid totaling $5,400.
7. Inventories totaling $286,000 were bought on credit.
8. Inventories totaling $24,000 were bought for cash.
9. Sales revenue on credit totaled $422,000 (cost $254,000).
10. Cash sales revenue totaled $84,000 (cost $50,000).
11. Receipts from trade receivables totaled $396,000.
12. Payments to trade payables totaled $312,000.
13. Van running expenses paid totaled $35,000.
14. The business uses the reducing-balance method of depreciation for non-current assets at the rate of
30% each year.
Prepare an income statement for the year ended 31 December 2022 and a statement of financial position
as at that date.
HD EDU
SUMMARY - 编表（整表 or 部分表格项目）
复杂模式：e.g. 上面的练习题 → 给一张完整的资产负债表 + additional information/ notes
要求：编制资产负债表&利润表
Hint 1：先编利润表，然后再资产负债表（可根据会计恒等式检查正确性）；所有的 note / additional
information 要一一分析
简单模式：不编制整表，根据 note/ additional information 计算表格内空缺的数字
Hint 2：一一分析 note/ additional information 中的交易会给不同的科目带来什么影响；考虑是否
能使用万能公式，利用 movement principle 解题
HD EDU
Lecture 4
Lecture 4 考点回顾
现金流量表：
区分三种不同类型的现金流
直接法&间接法计算 cash flow from operating activities
Lecture 4 复习建议
运用 movement principle 作为万能公式解题计算
关注特殊事项（e.g. cash paid for cash, cash flow from investing activities）
Lecture 4 练习题
Q1 【profit vs. cash】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following will simultaneously alter the firm’s profit and cash levels?
A. Depreciation
B. Wages paid in the current period
C. Payment of creditors/ payables
D. Sale of a non-current asset
Q2【现金流的分类】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statements is false?
A. The statement of cash flows summaries cash flows by category, and covers operating, investing and
financing flows
B. Operating flows are typically cash flows that related to normal operations, including cash received
from customers and cash paid to suppliers
C. Investing flows are cash flows relating to investments, and include purchase of new non-current
assets, their depreciation, and sale proceeds from any such assets sold
D. Financing flows are cash flows relating to how the business is financed, including such things as
HD EDU
loans raised or repaid, and rights issues
Q3【企业的现金流特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What do you think are the most likely patterns to be found in the cash flows from operating activities
and investing activities for a relatively new company?
A. Outflows of operating cash flows/ outflows of investing flows
B. Inflows of operating cash flows/ outflows of investing flows
C. Outflows of operating cash flows/ increase in investing flows
D. Inflows of operating cash flows/ inflows of investing flows
Q4 【现金流的特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is incorrect?
A. Cash flow is just as important as profit
B. Depreciation leads to cash flow from operations being more than profit
C. A profitable company should have a positive cash flow from financing
D. A growing company will probably have a negative cash flow from investing
Q5【movement principle】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A firm has an opening balance of receivables amounting to $10,000. During the year the firm has sales
totaling $100,000. It writes off $3,000 in bad debts. At year-end it is owned $8,000 by customers.
How much cash was received from receivables in the year?
Q6【movement principle】source: 往届 tutorial
A company has a balance on its payable account of $6,000 at the start of the year. During the year it pays
$59,000 and received a discount amounting to $2,000. At the year-end, the company owes $7,000. What
was the amount of purchase made on credit for the year?
Q7【movement principle】source: 往届 tutorial
At the start of the year, a firm owes wages of $2,000. It incurs a wage expense of $220,000 for the year.
At the end of the year it has $3,000 outstanding. What was the amount paid for wages in the year?
HD EDU
Q8【movement principle】source: 往届 tutorial
From the following information, calculate the cash received from customers________
Accounts receivable opening balance $20,000
Credit sales $860,000
Account receivable closing balance $40,000
Q9【movement principle】source: 往届 tutorial
If ‘other expense’ in the profit and loss report is $35,000 including $8,000 of depreciation, accrued ‘other
expense’ at the beginning of the year is $0 and $2,000 at the end of the year, the figure for ‘other expense’
that will appear in the statement of cash flows for the year is _________
Q10【movement principle】source: 往届 tutorial
If the opening balance of equity is $45,000, the closing balance is $60,000 and profit is $27,000, calculate
the amount of dividend paid (assume all dividends declared have been paid) which will appear as a
financing outflow in the statement of cash flows_______
Q11【movement principle】source: 往届 tutorial
All purchases of inventory are for cash. If inventory at the beginning of the year is $63,000 and at the
end $88,000 and the cost of sales is $200,000, the cash paid for inventory purchased for the year is
______
Q12【movement principle】source: 往届 tutorial
Wages expense in the income statement is $58,250 with the statement of financial position at the
end of the year showing accrued wages of $2,000. If the accrued wages at the beginning of the
period is $1,000, how much was paid out in cash for wages during the year?
Q13【indirect method】source: 往届 tutorial
A company has increased its accounts receivable balance from the start of year to end of year (start of
year was $20,000, end of year was $25,000). It has also increased its accounts payable balance from the
HD EDU
start of year to end of year (start of year was $4,000, end of year was $21,000). How will theses be shown
on the reconciliation?
Q14【proceeds 计算】source: 原创例题
A motor vehicle was purchased for $25,000, depreciation using reducing balance method for 3 years
at 30% p.a. and then was sold for a price $2,000 more than the carrying amount of the vehicle. The
cash received on the sale of the motor vehicle was ______________
HD EDU
Q15【movement principle】source: 往届 tutorial
Year 1 Year 2 Year 3
Sales revenue 1,000 ? 1,800
Opening balance of Account receivable
/Interest payable
400 55 180
Closing balance of Account receivable
/Interest payable
100 160 ?
Cash receipt from customers
/Interest paid
? 1,295 1,920
Q16 【判定 cash activities & cash flow activities & type of cash flow】source: 往届 tutorial
Profit on sale of equipment vs. Proceeds on sale of equipment
Credit sales to customers vs. Cash received from customers
Bonus issue of shares vs. right issue of shares
Increased in long-term loan
Depreciation of asset
Revaluation upwards of land
Payment of $3,000 for rent
Payment of debt
HD EDU
Q17 【indirect method】source: 往届 tutorial
H company has an $11,000 loss from operations for 2021. Depreciation expense for 2021 was $5,700,
and a dividend of $5,000 was declared and paid. The balances in the working capital accounts at the start
and end of the year are shown below.
Start End
Cash 3,700 5,100
Receivables 7,400 6,300
Inventory 21,300 17,200
Prepayments 1,900 700
Payables 8,300 11,500
Accrual 700 1,500
Calculate the cash flow operating activities in 2021.
HD EDU
Q18【cash flow from financing activities】source: 往届 tutorial
Other information:
1. There was 1 or 4 bonus issue of shares during the year → 不会影响现金，但是会影响 share capital
2. Asset was revalued upward by $30,000 → 不影响现金
3. There was a transfer of $10,000 from retained profits to reserves → equity 内部的转换，不会影响
现金
4. $20,000 in debentures was directly exchanged for land acquisition → 发行 20k 的债券交换土地，
不会影响现金
Calculate:
Cash inflows (issues of shares & borrowing)
Cash flow from issue of shares:
c/f share capital = b/f share capital + cash from right issues + bonus issues
150k=100k+cash from right issues + 100k/4
Cash from right issues = 25k
Cash flow from borrowings
c/f debt = b/f debt + 本期增加的 debt – 本期偿还的 debt
110k=70k+20k+cash from debt-0
Cash from debt = 20k
Cash outflows (dividend paid)
Cash paid for dividend
c/f dividend payable/ dividend provision = b/f dividend payable/ dividend provision + 本期产生的
HD EDU
dividend/ dividend allocated – cash paid for dividend
8k=5k+12k-cash paid for dividend
Cash paid for dividend = 9k
HD EDU
Q19 【cash flow from investing activities】source: 往届 tutorial
Calculate:
<1> Cash purchase of plant and equipment
Step 1 Step 2 Step 3 Step 4 Step 5
Asset Cost Accumulated depreciation Net amount
b/f 67,293 (27,961) 39,332
- Disposal
x-3,766=6,179
x=9,945
(9,945)
因为被卖掉了，所以是负数
32,411=27,961+8216- disposal
Disposal = 3,766
(被处置资产发生的累积折旧)
为了保证左右都是负数，所以写做正数
(6,179)
HD EDU
+ purchase
76,937=67,293+purchase – 9,945
Purchase = 19,589
44,526=39,332+purchase-6,179
Purchase = 19,589
+ revaluation
- Depreciation for
the year
(8,216)
(本期未被处置资产产生的折旧)
(8,216)
c/f 76,937 (32,411) 44,526
<2> Proceeds on sale of plant and equipment
Proceeds 是企业真金白银收到的钱
Profit 是企业卖赚了还是卖亏了
Profit = proceeds – carrying amount of asset
-3,746=proceeds – 6,179
Proceeds = 2,415
HD EDU
Q20 【cash flow from operating activities】source: 往届 tutorial
<1> Prepare a statement of cash flows from operations.
<2> Prepare a statement that reconciles the profit with the cash flows from operations.
HD EDU
考前叮嘱：
1. 考试中可能出现平时没见过的知识点 – 可以通过常识进行推理；
2. 慎用缩写 – 有时间的情况下可以尽量写全称（e.g. 1,000 1k, COGS）
3. Problem-solving 有可能考查编表题，也可能考查其他计算题（e.g. 三种不同的折旧方法/ cost
of sales 的不同计算方法/ indirect method 编制现金流量表）；
4. 最好不要卡点提交，以前出现过因为卡点提交人太多系统崩溃的情况；提交之后不要立刻关
电脑，一定要再次检查确保提交成功
5. 提交一定要点“submit”，注意不要点成”save draft”
HD EDU
Calculate the cost of goods sold based on FIFO and LIFO.
Calculate the closing inventory based on weighted average cost allocation.
Q14 【折旧方法】Source: 往届 tutorial
S company bought a machine for $40,000. At the end of its useful life of four years, the residual value
was $8,000. What is the depreciation amount should be charged based on straight-line basis?
HD EDU
Q15【编表*2】Source: 往届 tutorial
Statement of financial position as at 31 December 2021
ASSET
Current asset
Cash 16,600
Pre-payment = pre-paid 800
Trade receivables 42,600
Inventories 24,400
NCA
Machinery 50,600
Total asset 135,000
EQUITY AND LIABILITIES
Current liabilities
Accountant payables 33,800
Accrual (wages) = accrued expense 3,400
Equity
Share capital 50,000
Retained earrings 47,800
Total equity and liabilities 135,000
During 2022, the following transactions took place:
1. The owners withdrew equity in the form of cash of $46,000
2. Premises were rented at an annual rental of $40,000. During the year, rent of $50,000 was paid to
the owner of the premises.
3. Rates on the premises were paid during the year for the period 1 April 2021 to 31 March 2022 and
amounted to $4,000.
HD EDU
4. Some machinery (a non-current asset), which was bought on 1 January 2021 for $26,000, has
proved to be unsatisfactory. It was part-exchanged for some new machinery on 1 January 2022, and
the company paid a cash amount of $12,000. The new machinery would have cost $30,000 had the
business bought it without the trade-in.
5. Wages totaling $47,600 were paid during the year. At the end of the year, the business owed $1,720
of wages.
6. Electricity bills for the four quarters of the year were paid totaling $5,400.
7. Inventories totaling $286,000 were bought on credit.
8. Inventories totaling $24,000 were bought for cash.
9. Sales revenue on credit totaled $422,000 (cost $254,000).
10. Cash sales revenue totaled $84,000 (cost $50,000).
11. Receipts from trade receivables totaled $396,000.
12. Payments to trade payables totaled $312,000.
13. Van running expenses paid totaled $35,000.
14. The business uses the reducing-balance method of depreciation for non-current assets at the rate of
30% each year.
Prepare an income statement for the year ended 31 December 2022 and a statement of financial position
as at that date.
HD EDU
SUMMARY - 编表（整表 or 部分表格项目）
复杂模式：e.g. 上面的练习题 → 给一张完整的资产负债表 + additional information/ notes
要求：编制资产负债表&利润表
Hint 1：先编利润表，然后再资产负债表（可根据会计恒等式检查正确性）；所有的 note / additional
information 要一一分析
简单模式：不编制整表，根据 note/ additional information 计算表格内空缺的数字
Hint 2：一一分析 note/ additional information 中的交易会给不同的科目带来什么影响；考虑是否
能使用万能公式，利用 movement principle 解题
HD EDU
Lecture 4
Lecture 4 考点回顾
现金流量表：
区分三种不同类型的现金流
直接法&间接法计算 cash flow from operating activities
Lecture 4 复习建议
运用 movement principle 作为万能公式解题计算
关注特殊事项（e.g. cash paid for cash, cash flow from investing activities）
Lecture 4 练习题
Q1 【profit vs. cash】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following will simultaneously alter the firm’s profit and cash levels?
A. Depreciation
B. Wages paid in the current period
C. Payment of creditors/ payables
D. Sale of a non-current asset
Q2【现金流的分类】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statements is false?
A. The statement of cash flows summaries cash flows by category, and covers operating, investing and
financing flows
B. Operating flows are typically cash flows that related to normal operations, including cash received
from customers and cash paid to suppliers
C. Investing flows are cash flows relating to investments, and include purchase of new non-current
assets, their depreciation, and sale proceeds from any such assets sold
D. Financing flows are cash flows relating to how the business is financed, including such things as
HD EDU
loans raised or repaid, and rights issues
Q3【企业的现金流特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What do you think are the most likely patterns to be found in the cash flows from operating activities
and investing activities for a relatively new company?
A. Outflows of operating cash flows/ outflows of investing flows
B. Inflows of operating cash flows/ outflows of investing flows
C. Outflows of operating cash flows/ increase in investing flows
D. Inflows of operating cash flows/ inflows of investing flows
Q4 【现金流的特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is incorrect?
A. Cash flow is just as important as profit
B. Depreciation leads to cash flow from operations being more than profit
C. A profitable company should have a positive cash flow from financing
D. A growing company will probably have a negative cash flow from investing
Q5【movement principle】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A firm has an opening balance of receivables amounting to $10,000. During the year the firm has sales
totaling $100,000. It writes off $3,000 in bad debts. At year-end it is owned $8,000 by customers.
How much cash was received from receivables in the year?
Q6【movement principle】source: 往届 tutorial
A company has a balance on its payable account of $6,000 at the start of the year. During the year it pays
$59,000 and received a discount amounting to $2,000. At the year-end, the company owes $7,000. What
was the amount of purchase made on credit for the year?
Q7【movement principle】source: 往届 tutorial
At the start of the year, a firm owes wages of $2,000. It incurs a wage expense of $220,000 for the year.
At the end of the year it has $3,000 outstanding. What was the amount paid for wages in the year?
HD EDU
Q8【movement principle】source: 往届 tutorial
From the following information, calculate the cash received from customers________
Accounts receivable opening balance $20,000
Credit sales $860,000
Account receivable closing balance $40,000
Q9【movement principle】source: 往届 tutorial
If ‘other expense’ in the profit and loss report is $35,000 including $8,000 of depreciation, accrued ‘other
expense’ at the beginning of the year is $0 and $2,000 at the end of the year, the figure for ‘other expense’
that will appear in the statement of cash flows for the year is _________
Q10【movement principle】source: 往届 tutorial
If the opening balance of equity is $45,000, the closing balance is $60,000 and profit is $27,000, calculate
the amount of dividend paid (assume all dividends declared have been paid) which will appear as a
financing outflow in the statement of cash flows_______
Q11【movement principle】source: 往届 tutorial
All purchases of inventory are for cash. If inventory at the beginning of the year is $63,000 and at the
end $88,000 and the cost of sales is $200,000, the cash paid for inventory purchased for the year is
______
Q12【movement principle】source: 往届 tutorial
Wages expense in the income statement is $58,250 with the statement of financial position at the
end of the year showing accrued wages of $2,000. If the accrued wages at the beginning of the
period is $1,000, how much was paid out in cash for wages during the year?
Q13【indirect method】source: 往届 tutorial
A company has increased its accounts receivable balance from the start of year to end of year (start of
year was $20,000, end of year was $25,000). It has also increased its accounts payable balance from the
HD EDU
start of year to end of year (start of year was $4,000, end of year was $21,000). How will theses be shown
on the reconciliation?
Q14【proceeds 计算】source: 原创例题
A motor vehicle was purchased for $25,000, depreciation using reducing balance method for 3 years
at 30% p.a. and then was sold for a price $2,000 more than the carrying amount of the vehicle. The
cash received on the sale of the motor vehicle was ______________
HD EDU
FINM 7409
期中刷题课
TUTOR: Hathaway
HD EDU
HD EDU
HD EDU
Mid-term exam introduction
Introduction：
Date: 8 月 30 日（BNE 时间）, including reading time(15’) & submitting time(10’)
Weight: 30%
Scope: Lecture 1 – Lecture 4
Description: Multiple-choice 选择题+ problem-solving questions 计算题
Method: 开卷考试
复习方法：
基础知识点复习：
参考 Lecture 1 – Lecture 4 的 PPT 和同步课的 PPT，重点关注同步课每周的总结。
刷题：
复习/重做错题本上的错题
回顾 tutorial 上讲过的题目
答题方法：
MCQ (Part A)：
✓ 在 blackboard 上做 → 看清楚选项，虽然是单选题，但是仍然会有 all correct/ all
false 的选项
✓ 提交后不能更改，未提交状态下可以返回上一题
Problem-solving (Part B)：
✓ 需要在 blackboard 上提交答案（手写拍照/pdf 扫描）
Part B 有单独的提交链接
HD EDU
Lecture 1
Lecture 1 考点回顾
会计学的基本概念。
考核方式：选择题
考核难点：定义性考点 – 会计信息质量要求（case），财务会计和管理会计的区分，三种不同类
型的企业的区分
Lecture 1 练习题
Q1 【会计学基本概念】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
About the stakeholder theory, which of the following is correct?
A. Recognizes that organizations have a variety of interested users
B. Attempts to meet the needs of the primary users
C. Was introduced by R.E. Freeman in 1986.
Q2 【企业类型】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What is the disadvantages of partnership?
A. Not a separate legal entity
B. Increased regulation
C. Unlimited liability
D. Have to share profit with partners
E. All of the above
HD EDU
Q3 【会计学基本概念- 报表】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statement is correct?
A. Well-prepared financial statements will meet all of the needs of most but not all user groups
B. The accounting information is useful only to those trained in accounting
C. The ability to understand financial statements is important and even critical for many non-accounting
managers in business
Q4 【会计学基本概念，同 Q1】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Accounting seeks to satisfy the needs of which of the following users?
A. Shareholders
B. Stakeholders
C. Governments
D. Creditors
E. Institution investors
Q5 【财务会计和管理会计的区别】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is false?
A. Management accounting provides more scope for creativity than financial accounting
B. There are more rules to follow in financial accounting than in management accounting
C. Management accounting reports tend to provide a wider range of information than that provided by
financial accounting
D. All of the above are false
E. None of the above are false
Note：补充选项判断正误
Financial reports are prepared for internal users whereas management reports are prepared for external
users.
Financial reports are produced at more frequent intervals than management reports.
Financial reports reflects past performance whereas management reports are concerned with the future
HD EDU
as well as the past.
Financial reports provide more forecast data than management reports.
Q6 【基本概念- 企业的目标】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What is the most common corporate mission statement?
A. Provision of good working conditions for employees
B. Conservation of the environment
C. Earning of profit in the short term
D. Enhancement of the wealth of its owners
Q7 【报表的区别】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which financial statement are videos rather than snapshots?
A. Income statement and balance sheet
B. Statement of cash flows and statement of financial position
C. Balance sheet and statement of cash flows
D. Statement of financial performance and statement of cash flow
Q8 【企业类型】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
You’ve decided to follow Yun Ma and dump university to go into business. You will probably set up your
business initially as a:
A. Limited company
B. Partnership
C. Non-profit organization
D. Sole trader
Q9【会计职能】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The purpose of accounting is to:
A. Provide financial information to client
B. Prepare financial reports on a regular basis
C. Provide information to assist users’ decision making
HD EDU
D. Report on the status of transactions for the period
Q10 【会计信息质量要求】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The usefulness of accounting information is increased by:
A. Not being over complex
B. Being provided on schedule (not late)
C. Being supported by reasonable evidence
D. All of the above
Q11 【risk and return model】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statement is false?
A. The global financial crisis is a good example of appropriate risk behavior
B. Life without risk is death.
C. The expected level of return increases as the level of risk increases
D. Managers and organizations must strike a balance between risk and return.
Q12【会计准则】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is not a response of the accounting profession to the changing environment being
faced by today’s business?
A. Accounting standards that meet the unique needs of particular country.
B. Harmonization of accounting rules across countries and continents
C. Greater transparency in financial reporting.
D. Greater comparability in financial reporting.
Q13 【会计信息质量要求】Source: 往届 tutorial
What best describe the relevance of an information?
A. Ensuring that information is free from bias
B. It has the predictive value and confirmatory value
C. Help investors to compare the information from different perspectives
D. It can be verified by independent experts and evidence
HD EDU
Q14 【会计信息使用者】Source: 往届 tutorial
Which group of users is most likely to require accounting information to assess the ability of a business
to pay interest and repay a loan?
A. Shareholder
B. Creditors
C. Government
D. Customers
Q15 【财务会计和管理会计的区别】Source: 往届 tutorial
Management accounting reports tend to contains:
A. Financial information only
B. Both financial and non-financial information
C. Non-financial information only
D. All are incorrect
Q16 【会计信息质量要求】Source: 公开练习题
Application of the (prudence) conservatism assumption can produce:
A. Higher profit
B. Higher value for assets
C. Higher amount for liabilities
D. Lower amount for expense
Q17 【管理会计的职能】Source: 往届 tutorial
What is the primary goal of management accounting
A. Provide information that can be qualified in monetary terms
B. Provide information that improves the quality of managers’ decisions
C. Provide information that conforms to accounting regulations
D. Provide information to shareholders
HD EDU
Q18 【会计信息质量要求】Source: 往届 tutorial
Which of these is not one of the key qualities of accounting information?
A. Timeliness
B. Reliability
C. Control
D. Relevance
Q19【accounting entity】Source: 往届 tutorial
Which of the following business structure has a separate accounting entity?
A. Sole proprietor
B. Partnership
C. Company
D. All of the above
Q20【常识题】
Why might profit maximization in a particular year not benefit a business in the long run?
A. If it is achieved with high-risk strategies, such as excessive reliance on borrowings, it could
lead to disaster in long run
B. It may be achieved by causing environmental problems, which gives the business a bad
reputation
C. Concentrating on the short-term may have detrimental effects in the long-term
D. All of the above
HD EDU
Lecture 2
Lecture 2 考点回顾
资产负债表：
资产负债表是时点报表，在年底的那一天给资产负债所有者权益照照片；
资产负债表要素，asset and liability 的确认条件及分类；资产的公允价值和减值；
会计恒等式 asset = liability + equity；
三种格式；
基本的会计原则。
Lecture 2 练习题
Q1 【负债的分类和定义】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A potential liability exists that might arise on the occurrence of a particular event is known as:
A. Provision
B. Liability
C. Debt
D. Contingent liability
Q2 【资产负债表基础】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which layout of the statement of financial position focuses on the owners?
A. Horizontal
B. Vertical – entity approach
C. Vertical – proprietary approach
D. Narrative
HD EDU
Q3 【资产负债表要素定义- equity】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is not a component of equity?
A. Share capital (shareholders capital/ paid-up capital)
B. Retained earnings
C. Contributed capital
D. Revaluation reserve (asset revaluation reserves)
E. None of the above
Q4 【资产的定义】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is a main characteristic of an asset?
A. Possible future economic benefit
B. Exists from a future transaction or event
C. The business has an exclusive right to control the benefit
D. Cannot be reliably measured in monetary terms
Q5 【资产负债的分类】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is correct?
A. NCA (non-current asset) must be tangible
B. NCA are generally held for sale to customers
C. Current labilities are amounts due for settlement within a year or two
D. Revenue received in advance can be either a current or non-current liability
E. Accountant payables are generally classified as a non-current liability
HD EDU
Q6【accounting conventions】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is correct?
A. General accepted accounting principles are accounting rules developed by the AASB (Australian
accounting standard board)
B. The entity or business entity convention provides for a clear alliance of the business and its owners
C. The historic cost convention values assets at their cost on the date of acquisition
D. Current value provides more reliable amounts for asset valuation
E. The prudence convention is rarely applied in actual practice
Q7 【transaction】Source: 往届 tutorial
What is the effect on the statement of financial position when the business buys inventory on credit?
A. Increase asset inventory, increase liability creditor
B. Decrease asset inventory, increase asset cash
C. Increase equity, increase asset cash
D. Increase asset inventory, decrease asset cash
Q8 【存货计价】Source: 往届 tutorial
An item of inventory costing $750 can now only be sold at auction for $200. Auction costs of $50 will
be incurred to make the sale. The net realizable value of the inventory is?
Q9【存货计价】Source: 往届 tutorial
If inventory item A has a cost of $49,000 and a net realizable value of $40,000 while inventory item
B has a cost of $2,000 and NRV of $500, closing inventory will be valued at ________
Q10【会计恒等式】Source: 往届 tutorial
What is the value of equity?
Assume bank overdraft $3,500, accounts receivable $3,000, accounts payable $1,500, prepaid $4,000
HD EDU
Q11【movement principle】source: 往届 tutorial
HD EDU
Q12 【transaction】 Source: 往届 tutorial
A. Purchase inventory on credit for $5,000
B. Collected $4,000 from customers
C. Sales on cash $2,000 (cost= $1,500)
D. Sales on credit $6,000 (cost = $4,500)
E. Paid creditors $7,000
F. Owner’s additional cash contribution $10,000
G. Purchased furniture for cash $6,000
H. Loan repayment of $2,000
HD EDU
Beginning Transactions Ending
Assets $
Cash 3,000
Accounts
receivable
5,000
Inventory 7,000
Freehold premises 60,000
Freehold and
fittings
18,000
93,000
Liabilities $
Trade creditors 3,000
Bank loan 30,000
33,000
Capital $ 60,000
93,000
Hint: 按照会计恒等式验证正确性
HD EDU
Q13 【transaction】Source: 往届 tutorial
Prepare statement of financial position based on the following information:
On 1 March 2021, Joe started a new business. During this month he carried out the following
transactions:
A. Deposited $20,000 in a bank account
B. Purchased fixtures and fittings for $6,000 cash and inventory valued at $8,000 on credit
C. Borrowed $5,000 from a relative and deposited it in the bank
D. Purchased a car for $7,000 cash and withdrew $200 for own use
E. Purchased another car costing $9,000. The car purchased was given in part exchange at a value of
$6,500. The balance of purchase price for the new car was paid in cash
F. Joe won $2,000 in a lottery and paid the amount into the business bank account. He also repaid
$1,000 of the loan
HD EDU
Lecture 3
Lecture 3 考点回顾
利润表：
利润表是时段报表，记录资产和负债是如何由期初变成期末的
Sales revenue – 收入的确认条件，at point time? Over a period?
Cost of sales – inventory movement – 存货的定义，成本，计量方法，减值(cost and NRV)，管理模
式
Depreciation – 方法的选择
Bad debt expense – 在资产负债表和利润表中的不同呈现
Lecture 3 复习建议
掌握理解“万能公式”
Lecture 3 练习题
Q1 【存货的成本】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following should not be included in the cost of inventory?
A. Delivery cost (e.g. freight outward)
B. Purchase cost
C. Import taxes
D. Shipping cost (e.g. freight inward)
Q2 【利润表基础概念】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The statement of financial performance:
A. Is prepared at a particular point in time
B. Is more important than the balance sheet
C. Consists of revenues and expenses
HD EDU
Q3 【存货估值】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which is not acceptable in valuing the inventory?
A. FIFO
B. LIFO
C. Weighted average cost
Q4 【会计信息质量要求- lecture 1】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A company wishes to change their inventory flow assumption. Which accounting convention or principle
limits their ability to do so?
A. Historical cost
B. Matching
C. Prudence
D. Consistency
E. Conservatism
Q5 【补充知识点】
The ‘Allowance for doubtful debt’ account is what kind of account?
- Asset (contra-asset) 坏账准备是应收帐款的备抵账户
Q6 【会计恒等式】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
The owners’ contribution of capital to open the business bank account will result in which of the
following?
A. An increase in both revenue and equity
B. An increase in revenue and decrease in equity
C. An increase in cash and decrease in equity
D. An increase in cash and increase in equity
E. An increase in both cash and revenue
HD EDU
Q7 【补充知识点】
The ‘bottom line’ in the income statement refers to:
- Profit for the year = profit after tax (PAT)
Q8 【movement principle】Source: 往届 tutorial
Calculate the profit for the year if capital at the beginning is $45,000, capital at the end is $40,000 and
during the year the owner withdrew $15,000
A. $20,000
B. $10,000
C. $5,000
D. -$10,000
Q9 【折旧计算】source: 原创例题
A 公司的年底是 2021 年 12 月 31 日。公司在 2021 年 8 月 1 日购入一辆汽车，成本为
$250,560。该汽车预计使用年限（estimated useful life）为 10 年，预期残值（residual
value）为$100,000。计算该汽车在 2021 年 12 月 31 日的账面价值（carrying amount = book
value = net amount）
Q10【profit 的 movement principle】source: 往届 tutorial
Calculate the profit for the year if the opening balance of equity is $15,000 and closing balance is
$25,000. During the year, the owner contributes $5,000.
HD EDU
Q11 【要素区分 prepaid and accruals】Source: 往届 tutorial
Paid/ received Expense/ revenue Prepaid Accruals
Rent payable 10,000 ? 1,000
Rates and
insurance
5,000 ? 1,000
General expenses ? 6,000 1,000
Interest payable 3,000 2,500 ?
Salaries ? 9,000 3,000
Rent receivable ? 1,500 1,500
Q12 判定下列科目是否属于利润表科目，如是，属于哪个科目 【利润表要素区分】Source: 往届
tutorial
Accounting and auditing –
Accounts payables –
Accounts receivables –
Accumulated depreciation – equipment –
Accumulated depreciation – motor vehicles –
Allowance for doubtful debts –
Bad and doubtful debts –
Cash –
Cost of sales –
Depreciation – equipment –
Depreciation – motor vehicles –
Equipment repairs –
Heat and light –
Insurance –
Inventory –
Loan –
Loan interest –
HD EDU
Motor vehicle running costs –
Motor vehicles –
Phone and internet –
Rent and rates –
Royalties received –
Salary and wages –
Sales –
Q13 【存货的计价方法】Source: 往届 tutorial
The opening balance of the inventory was 200 tonnes of sand at a cost of $180 per tonne at 1 August
2021, a total cost of $36,000. The purchase information for this period is at following:
Date Tonnes Cost per tonne
2021.8.12 480 $200
2021.8.16 150 $240
2021.8.20 100 $250
On 27 Auguest the business sold 600 tonnes of sand to a local builder.
Calculate the cost of goods sold based on FIFO and LIFO.
Calculate the closing inventory based on weighted average cost allocation.
Q14 【折旧方法】Source: 往届 tutorial
S company bought a machine for $40,000. At the end of its useful life of four years, the residual value
was $8,000. What is the depreciation amount should be charged based on straight-line basis?
HD EDU
Q15【编表*2】Source: 往届 tutorial
Statement of financial position as at 31 December 2021
ASSET
Current asset
Cash 16,600
Pre-payment = pre-paid 800
Trade receivables 42,600
Inventories 24,400
NCA
Machinery 50,600
Total asset 135,000
EQUITY AND LIABILITIES
Current liabilities
Accountant payables 33,800
Accrual (wages) = accrued expense 3,400
Equity
Share capital 50,000
Retained earrings 47,800
Total equity and liabilities 135,000
During 2022, the following transactions took place:
1. The owners withdrew equity in the form of cash of $46,000
2. Premises were rented at an annual rental of $40,000. During the year, rent of $50,000 was paid to
the owner of the premises.
3. Rates on the premises were paid during the year for the period 1 April 2021 to 31 March 2022 and
amounted to $4,000.
HD EDU
4. Some machinery (a non-current asset), which was bought on 1 January 2021 for $26,000, has
proved to be unsatisfactory. It was part-exchanged for some new machinery on 1 January 2022, and
the company paid a cash amount of $12,000. The new machinery would have cost $30,000 had the
business bought it without the trade-in.
5. Wages totaling $47,600 were paid during the year. At the end of the year, the business owed $1,720
of wages.
6. Electricity bills for the four quarters of the year were paid totaling $5,400.
7. Inventories totaling $286,000 were bought on credit.
8. Inventories totaling $24,000 were bought for cash.
9. Sales revenue on credit totaled $422,000 (cost $254,000).
10. Cash sales revenue totaled $84,000 (cost $50,000).
11. Receipts from trade receivables totaled $396,000.
12. Payments to trade payables totaled $312,000.
13. Van running expenses paid totaled $35,000.
14. The business uses the reducing-balance method of depreciation for non-current assets at the rate of
30% each year.
Prepare an income statement for the year ended 31 December 2022 and a statement of financial position
as at that date.
HD EDU
SUMMARY - 编表（整表 or 部分表格项目）
复杂模式：e.g. 上面的练习题 → 给一张完整的资产负债表 + additional information/ notes
要求：编制资产负债表&利润表
Hint 1：先编利润表，然后再资产负债表（可根据会计恒等式检查正确性）；所有的 note / additional
information 要一一分析
简单模式：不编制整表，根据 note/ additional information 计算表格内空缺的数字
Hint 2：一一分析 note/ additional information 中的交易会给不同的科目带来什么影响；考虑是否
能使用万能公式，利用 movement principle 解题
HD EDU
Lecture 4
Lecture 4 考点回顾
现金流量表：
区分三种不同类型的现金流
直接法&间接法计算 cash flow from operating activities
Lecture 4 复习建议
运用 movement principle 作为万能公式解题计算
关注特殊事项（e.g. cash paid for cash, cash flow from investing activities）
Lecture 4 练习题
Q1 【profit vs. cash】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following will simultaneously alter the firm’s profit and cash levels?
A. Depreciation
B. Wages paid in the current period
C. Payment of creditors/ payables
D. Sale of a non-current asset
Q2【现金流的分类】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statements is false?
A. The statement of cash flows summaries cash flows by category, and covers operating, investing and
financing flows
B. Operating flows are typically cash flows that related to normal operations, including cash received
from customers and cash paid to suppliers
C. Investing flows are cash flows relating to investments, and include purchase of new non-current
assets, their depreciation, and sale proceeds from any such assets sold
D. Financing flows are cash flows relating to how the business is financed, including such things as
HD EDU
loans raised or repaid, and rights issues
Q3【企业的现金流特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What do you think are the most likely patterns to be found in the cash flows from operating activities
and investing activities for a relatively new company?
A. Outflows of operating cash flows/ outflows of investing flows
B. Inflows of operating cash flows/ outflows of investing flows
C. Outflows of operating cash flows/ increase in investing flows
D. Inflows of operating cash flows/ inflows of investing flows
Q4 【现金流的特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is incorrect?
A. Cash flow is just as important as profit
B. Depreciation leads to cash flow from operations being more than profit
C. A profitable company should have a positive cash flow from financing
D. A growing company will probably have a negative cash flow from investing
Q5【movement principle】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A firm has an opening balance of receivables amounting to $10,000. During the year the firm has sales
totaling $100,000. It writes off $3,000 in bad debts. At year-end it is owned $8,000 by customers.
How much cash was received from receivables in the year?
Q6【movement principle】source: 往届 tutorial
A company has a balance on its payable account of $6,000 at the start of the year. During the year it pays
$59,000 and received a discount amounting to $2,000. At the year-end, the company owes $7,000. What
was the amount of purchase made on credit for the year?
Q7【movement principle】source: 往届 tutorial
At the start of the year, a firm owes wages of $2,000. It incurs a wage expense of $220,000 for the year.
At the end of the year it has $3,000 outstanding. What was the amount paid for wages in the year?
HD EDU
Q8【movement principle】source: 往届 tutorial
From the following information, calculate the cash received from customers________
Accounts receivable opening balance $20,000
Credit sales $860,000
Account receivable closing balance $40,000
Q9【movement principle】source: 往届 tutorial
If ‘other expense’ in the profit and loss report is $35,000 including $8,000 of depreciation, accrued ‘other
expense’ at the beginning of the year is $0 and $2,000 at the end of the year, the figure for ‘other expense’
that will appear in the statement of cash flows for the year is _________
Q10【movement principle】source: 往届 tutorial
If the opening balance of equity is $45,000, the closing balance is $60,000 and profit is $27,000, calculate
the amount of dividend paid (assume all dividends declared have been paid) which will appear as a
financing outflow in the statement of cash flows_______
Q11【movement principle】source: 往届 tutorial
All purchases of inventory are for cash. If inventory at the beginning of the year is $63,000 and at the
end $88,000 and the cost of sales is $200,000, the cash paid for inventory purchased for the year is
______
Q12【movement principle】source: 往届 tutorial
Wages expense in the income statement is $58,250 with the statement of financial position at the
end of the year showing accrued wages of $2,000. If the accrued wages at the beginning of the
period is $1,000, how much was paid out in cash for wages during the year?
Q13【indirect method】source: 往届 tutorial
A company has increased its accounts receivable balance from the start of year to end of year (start of
year was $20,000, end of year was $25,000). It has also increased its accounts payable balance from the
HD EDU
start of year to end of year (start of year was $4,000, end of year was $21,000). How will theses be shown
on the reconciliation?
Q14【proceeds 计算】source: 原创例题
A motor vehicle was purchased for $25,000, depreciation using reducing balance method for 3 years
at 30% p.a. and then was sold for a price $2,000 more than the carrying amount of the vehicle. The
cash received on the sale of the motor vehicle was ______________
HD EDU
Q15【movement principle】source: 往届 tutorial
Year 1 Year 2 Year 3
Sales revenue 1,000 ? 1,800
Opening balance of Account receivable
/Interest payable
400 55 180
Closing balance of Account receivable
/Interest payable
100 160 ?
Cash receipt from customers
/Interest paid
? 1,295 1,920
Q16 【判定 cash activities & cash flow activities & type of cash flow】source: 往届 tutorial
Profit on sale of equipment vs. Proceeds on sale of equipment
Credit sales to customers vs. Cash received from customers
Bonus issue of shares vs. right issue of shares
Increased in long-term loan
Depreciation of asset
Revaluation upwards of land
Payment of $3,000 for rent
Payment of debt
HD EDU
Q17 【indirect method】source: 往届 tutorial
H company has an $11,000 loss from operations for 2021. Depreciation expense for 2021 was $5,700,
and a dividend of $5,000 was declared and paid. The balances in the working capital accounts at the start
and end of the year are shown below.
Start End
Cash 3,700 5,100
Receivables 7,400 6,300
Inventory 21,300 17,200
Prepayments 1,900 700
Payables 8,300 11,500
Accrual 700 1,500
Calculate the cash flow operating activities in 2021.
HD EDU
Q18【cash flow from financing activities】source: 往届 tutorial
Other information:
1. There was 1 or 4 bonus issue of shares during the year → 不会影响现金，但是会影响 share capital
2. Asset was revalued upward by $30,000 → 不影响现金
3. There was a transfer of $10,000 from retained profits to reserves → equity 内部的转换，不会影响
现金
4. $20,000 in debentures was directly exchanged for land acquisition → 发行 20k 的债券交换土地，
不会影响现金
Calculate:
Cash inflows (issues of shares & borrowing)
Cash flow from issue of shares:
c/f share capital = b/f share capital + cash from right issues + bonus issues
150k=100k+cash from right issues + 100k/4
Cash from right issues = 25k
Cash flow from borrowings
c/f debt = b/f debt + 本期增加的 debt – 本期偿还的 debt
110k=70k+20k+cash from debt-0
Cash from debt = 20k
Cash outflows (dividend paid)
Cash paid for dividend
c/f dividend payable/ dividend provision = b/f dividend payable/ dividend provision + 本期产生的
HD EDU
dividend/ dividend allocated – cash paid for dividend
8k=5k+12k-cash paid for dividend
Cash paid for dividend = 9k
HD EDU
Q19 【cash flow from investing activities】source: 往届 tutorial
Calculate:
<1> Cash purchase of plant and equipment
Step 1 Step 2 Step 3 Step 4 Step 5
Asset Cost Accumulated depreciation Net amount
b/f 67,293 (27,961) 39,332
- Disposal
x-3,766=6,179
x=9,945
(9,945)
因为被卖掉了，所以是负数
32,411=27,961+8216- disposal
Disposal = 3,766
(被处置资产发生的累积折旧)
为了保证左右都是负数，所以写做正数
(6,179)
HD EDU
+ purchase
76,937=67,293+purchase – 9,945
Purchase = 19,589
44,526=39,332+purchase-6,179
Purchase = 19,589
+ revaluation
- Depreciation for
the year
(8,216)
(本期未被处置资产产生的折旧)
(8,216)
c/f 76,937 (32,411) 44,526
<2> Proceeds on sale of plant and equipment
Proceeds 是企业真金白银收到的钱
Profit 是企业卖赚了还是卖亏了
Profit = proceeds – carrying amount of asset
-3,746=proceeds – 6,179
Proceeds = 2,415
HD EDU
Q20 【cash flow from operating activities】source: 往届 tutorial
<1> Prepare a statement of cash flows from operations.
<2> Prepare a statement that reconciles the profit with the cash flows from operations.
HD EDU
考前叮嘱：
1. 考试中可能出现平时没见过的知识点 – 可以通过常识进行推理；
2. 慎用缩写 – 有时间的情况下可以尽量写全称（e.g. 1,000 1k, COGS）
3. Problem-solving 有可能考查编表题，也可能考查其他计算题（e.g. 三种不同的折旧方法/ cost
of sales 的不同计算方法/ indirect method 编制现金流量表）；
4. 最好不要卡点提交，以前出现过因为卡点提交人太多系统崩溃的情况；提交之后不要立刻关
电脑，一定要再次检查确保提交成功
5. 提交一定要点“submit”，注意不要点成”save draft”
HD EDU
Calculate the cost of goods sold based on FIFO and LIFO.
Calculate the closing inventory based on weighted average cost allocation.
Q14 【折旧方法】Source: 往届 tutorial
S company bought a machine for $40,000. At the end of its useful life of four years, the residual value
was $8,000. What is the depreciation amount should be charged based on straight-line basis?
HD EDU
Q15【编表*2】Source: 往届 tutorial
Statement of financial position as at 31 December 2021
ASSET
Current asset
Cash 16,600
Pre-payment = pre-paid 800
Trade receivables 42,600
Inventories 24,400
NCA
Machinery 50,600
Total asset 135,000
EQUITY AND LIABILITIES
Current liabilities
Accountant payables 33,800
Accrual (wages) = accrued expense 3,400
Equity
Share capital 50,000
Retained earrings 47,800
Total equity and liabilities 135,000
During 2022, the following transactions took place:
1. The owners withdrew equity in the form of cash of $46,000
2. Premises were rented at an annual rental of $40,000. During the year, rent of $50,000 was paid to
the owner of the premises.
3. Rates on the premises were paid during the year for the period 1 April 2021 to 31 March 2022 and
amounted to $4,000.
HD EDU
4. Some machinery (a non-current asset), which was bought on 1 January 2021 for $26,000, has
proved to be unsatisfactory. It was part-exchanged for some new machinery on 1 January 2022, and
the company paid a cash amount of $12,000. The new machinery would have cost $30,000 had the
business bought it without the trade-in.
5. Wages totaling $47,600 were paid during the year. At the end of the year, the business owed $1,720
of wages.
6. Electricity bills for the four quarters of the year were paid totaling $5,400.
7. Inventories totaling $286,000 were bought on credit.
8. Inventories totaling $24,000 were bought for cash.
9. Sales revenue on credit totaled $422,000 (cost $254,000).
10. Cash sales revenue totaled $84,000 (cost $50,000).
11. Receipts from trade receivables totaled $396,000.
12. Payments to trade payables totaled $312,000.
13. Van running expenses paid totaled $35,000.
14. The business uses the reducing-balance method of depreciation for non-current assets at the rate of
30% each year.
Prepare an income statement for the year ended 31 December 2022 and a statement of financial position
as at that date.
HD EDU
SUMMARY - 编表（整表 or 部分表格项目）
复杂模式：e.g. 上面的练习题 → 给一张完整的资产负债表 + additional information/ notes
要求：编制资产负债表&利润表
Hint 1：先编利润表，然后再资产负债表（可根据会计恒等式检查正确性）；所有的 note / additional
information 要一一分析
简单模式：不编制整表，根据 note/ additional information 计算表格内空缺的数字
Hint 2：一一分析 note/ additional information 中的交易会给不同的科目带来什么影响；考虑是否
能使用万能公式，利用 movement principle 解题
HD EDU
Lecture 4
Lecture 4 考点回顾
现金流量表：
区分三种不同类型的现金流
直接法&间接法计算 cash flow from operating activities
Lecture 4 复习建议
运用 movement principle 作为万能公式解题计算
关注特殊事项（e.g. cash paid for cash, cash flow from investing activities）
Lecture 4 练习题
Q1 【profit vs. cash】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following will simultaneously alter the firm’s profit and cash levels?
A. Depreciation
B. Wages paid in the current period
C. Payment of creditors/ payables
D. Sale of a non-current asset
Q2【现金流的分类】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following statements is false?
A. The statement of cash flows summaries cash flows by category, and covers operating, investing and
financing flows
B. Operating flows are typically cash flows that related to normal operations, including cash received
from customers and cash paid to suppliers
C. Investing flows are cash flows relating to investments, and include purchase of new non-current
assets, their depreciation, and sale proceeds from any such assets sold
D. Financing flows are cash flows relating to how the business is financed, including such things as
HD EDU
loans raised or repaid, and rights issues
Q3【企业的现金流特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
What do you think are the most likely patterns to be found in the cash flows from operating activities
and investing activities for a relatively new company?
A. Outflows of operating cash flows/ outflows of investing flows
B. Inflows of operating cash flows/ outflows of investing flows
C. Outflows of operating cash flows/ increase in investing flows
D. Inflows of operating cash flows/ inflows of investing flows
Q4 【现金流的特征】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
Which of the following is incorrect?
A. Cash flow is just as important as profit
B. Depreciation leads to cash flow from operations being more than profit
C. A profitable company should have a positive cash flow from financing
D. A growing company will probably have a negative cash flow from investing
Q5【movement principle】Source: Atrill’s accounting for non-specialists 7th edition, Atrill
A firm has an opening balance of receivables amounting to $10,000. During the year the firm has sales
totaling $100,000. It writes off $3,000 in bad debts. At year-end it is owned $8,000 by customers.
How much cash was received from receivables in the year?
Q6【movement principle】source: 往届 tutorial
A company has a balance on its payable account of $6,000 at the start of the year. During the year it pays
$59,000 and received a discount amounting to $2,000. At the year-end, the company owes $7,000. What
was the amount of purchase made on credit for the year?
Q7【movement principle】source: 往届 tutorial
At the start of the year, a firm owes wages of $2,000. It incurs a wage expense of $220,000 for the year.
At the end of the year it has $3,000 outstanding. What was the amount paid for wages in the year?
HD EDU
Q8【movement principle】source: 往届 tutorial
From the following information, calculate the cash received from customers________
Accounts receivable opening balance $20,000
Credit sales $860,000
Account receivable closing balance $40,000
Q9【movement principle】source: 往届 tutorial
If ‘other expense’ in the profit and loss report is $35,000 including $8,000 of depreciation, accrued ‘other
expense’ at the beginning of the year is $0 and $2,000 at the end of the year, the figure for ‘other expense’
that will appear in the statement of cash flows for the year is _________
Q10【movement principle】source: 往届 tutorial
If the opening balance of equity is $45,000, the closing balance is $60,000 and profit is $27,000, calculate
the amount of dividend paid (assume all dividends declared have been paid) which will appear as a
financing outflow in the statement of cash flows_______
Q11【movement principle】source: 往届 tutorial
All purchases of inventory are for cash. If inventory at the beginning of the year is $63,000 and at the
end $88,000 and the cost of sales is $200,000, the cash paid for inventory purchased for the year is
______
Q12【movement principle】source: 往届 tutorial
Wages expense in the income statement is $58,250 with the statement of financial position at the
end of the year showing accrued wages of $2,000. If the accrued wages at the beginning of the
period is $1,000, how much was paid out in cash for wages during the year?
Q13【indirect method】source: 往届 tutorial
A company has increased its accounts receivable balance from the start of year to end of year (start of
year was $20,000, end of year was $25,000). It has also increased its accounts payable balance from the
HD EDU
start of year to end of year (start of year was $4,000, end of year was $21,000). How will theses be shown
on the reconciliation?
Q14【proceeds 计算】source: 原创例题
A motor vehicle was purchased for $25,000, depreciation using reducing balance method for 3 years
at 30% p.a. and then was sold for a price $2,000 more than the carrying amount of the vehicle. The
cash received on the sale of the motor vehicle was ______________
