Bài giảng môn tiếng Anh chuyên ngành Kế toán - Tài chính

rent Portion of debt
 $ 9,737.00 
Non Current Assets at cost
 $ 496,380.00 
Cash
 $ 77,526.00 
Accumulated Depreciation
 $ 71,870.00 
Prepaid expenses
 $ 2,000.00 
Land
 $ 1,500,000.00 
Income Taxes Payable
 $ - 
BASIC BALANCE SHEET
ASSETS
A
B
C
D
Current Assets
A + B + C + D = E
 $ - 
F
G
H
Non-Current Assets
(F - G) + H = I
 $ - 
Total Assets
E + I = J
 $ - 
LIABILITIES
K
L 
M
N
Current Liabilities
K + L + M + N = O
 $ - 
P
Q
Non-current Liabilities
P+Q
Total Liabilities
O + P + Q = R
 $ - 
EQUITY
Owner's Equity
J - R = S
 $ - 
Total Liabilities & Equity
R + S = T
 $ - 
D.	Sử dụng các thông tin cho sẵn để hoàn thành Báo cáo thu nhập cho công ty sản xuất nông nghiệp Green Farmhouse.
Green Farmhouse
Total
Utilities
 $ 10,193.00 
Depreciation
 $ 32,870.00 
Non Cash Transfer out
 $ 48,000.00 
Capital gains (losses)
 $ (13,364.00) 
Labor 
 $ 48,000.00 
Veterinary
 $ 5,825.00 
Sales
 $ 34,636.00 
Inventory change (Expenses)
 $ 5,470.00 
Interest Expense
 $ 18,454.00 
Repairs and Maintenance
 $ 38,629.00 
Cash Receipts
 $ 175,838.00 
Feed
 $ 23,400.00 
Inventory and Accounts Receivable Change
 $ 29,000.00 
E.	Đọc phần giới thiệu ngắn về Báo cáo lưu chuyển tiền tệ và sử dụng các thông tin cho sẵn để hoàn thành bản Báo cáo lưu thông tiền tệ của Công ty Agri Co. Ltd.
The statement of cash flows is one of the main financial statements. The statement of cash flows may provide considerable information about what is really happening in a business beyond that contained in either the income statement or the balance sheet. 
The cash flow statement is divided into three sections: 
Cash flow from operating activities: shows the results of cash inflows and outflows related to the fundamental operations of the business. (e.g., cash receipts from the sale of goods or services and cash outflows for purchasing inventory and paying rent and taxes.) 
Cash flow from investing activities: associated with purchases and sales of non-current assets (e.g., building and equipment purchases or sales of investments or subsidiaries.) 
Cash flow from financing activities: associated with financing the firm (e.g., selling and paying off bonds and issuing stock and paying dividends) 
Here are some of the exceptions:
Short-term marketable securities are treated as long-term investments and appear in cash flow from investing activities 
Short-term debt is treated as long-term debt and appears in cash flow from financing activities 
Although dividends are handled as a cash outflow in the cash flow from financing activities section, interest payments are considered an operating outflow, despite the fact that both are payments to outsiders for using their money.
Now use data in the box to complete the Statement of Cash Flows below.
Agri Co. Ltd.
Total
Purchases
 $ 28,000.00 
Debt Payments
 $ 8,933.00 
Interest Expenses
 $ 18,464.00 
Cash Contributions
 $ - 
Taxes
$ 10,500.00 
Cash Withdrawals
 $ - 
Sales
 $ 34,636.00 
Expenses
 $ 131,517.00 
New Borrowings
 $ - 
Receipts
 $ 175,838.00 
F.	Lựa chọn phương án đúng nhất để hoàn thành hoặc trả lời câu hỏi.
Financial reports that summarize the financial condition and operations of a business are called ____________.
A. accounting system	C. sale on account
B. liability	D. financial statements
What basic financial statements can be found in a corporate annual report?
Earnings statement and statement of retained earnings
Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows
Balance sheet, auditor's report and income statement
Statement of cash flows and five-year summary of key financial data
The financial statement that lists the entity's assets, liabilities and owner's equity as of a specific date, usually the end of a month or a year, is called ______________________.
	A. The income statement	C. The cash flow statement 
	B. The statement of changes in equity	D. The balance sheet
Which of the following would not be included on a balance sheet?
A. Accounts receivable	C. Sales
B. Accounts payable	D. Cash
Which of the following accounts would be classified as current assets?
A. Accounts receivable, inventory, equipment.
B. Cash, accounts receivable, accounts payable.
C. Marketable securities, inventory, goodwill.
D. Accounts receivable, inventory, marketable securities.
An investor wants to review the revenues and expenses of a business. The financial statement the investor should consult is the __________.
A. Statement of changes in equity	C. Cash flow statement
	B. Balance sheet	D. Income statement
What are the two basic formats of the income statement?
A. Accrual basis and multiple-step.
B. Cash basis and single-step.
C. Multiple-step and single-step.
D. Accrual basis and single-step.
An investor wants to review the cash inflows and cash outflows of an entity. The financial statement the investor should consult is the ________.
A. Cash flows statement 	C. Balance sheet
	B. Statement of changes in equity	D. Income statement
Why is the statement of cash flows useful to the analyst?
A. It is the only source in financial statements for learning about cash generation.
B. Focusing on net income can be misleading if a company has a healthy profit, but cannot translate the profit into cash.
C. The statement of cash flows reveals why a company was able to generate a profit.
D.	Both (A) and (B).
Dividend revenue received is reported as an operating activity, while dividends paid is reported as a(n) _______________ activity.
	A. indirect	B. investing	C. financing	D. operating
Sales revenue is reported on the income statement, while cash from customers is reported as a(n) ___________ activity.
	A. indirect	B. investing	C. financing	D. operating
Interest revenue from a debenture investment is reported as an operating activity, while the purchase of the debenture investment is reported as a(n) _____________ activity.
	A. investing	B. indirect	C. operating	D. financing	
Cash flows from investing activities include ______________.
	A. Cash payments to acquire non-current assets and investments
B. Payment of cash dividends
C. Cash receipts of interest
D. Proceeds from issue of shares and debt
Which of the following is a financing activity?
A manufacturing company purchases supplies.
A retail company borrows $40,000 from a bank.
A manufacturing company acquires a new building.
A service organization pays the monthly utility bill.
Which of the following is an investing activity?
A manufacturer borrows from creditors.
A service firm pays a return to its stockholders.
A retailer sells goods to a not-for-profit agency at cost.
A government agency purchases a new mainframe computer system.
Which of the following is NOT an operating activity?
Merchandise is sold to customers.
Utility bills are paid.
Merchandise is shipped to customers.
Equipment is purchased for use in manufacturing.
Which statement tests the accuracy of total debits and credits after transactions have been recorded?
A. Income Statement	C. Balance Sheet
B. Trial Balance	D. Owner's Equity
The process of allocating the cost of a long-term asset to operations during its expected useful life is known as _____________
A. dispensing	C. amortization
B. capitalizing	D. accumulating the asset
Which item below does not describe a balance sheet?
A. Assets + Liabilities = Stockholders' Equity.
B. Assets – Liabilities = Stockholders' Equity.
C. Financial position at a point in time.
D. Assets = Liabilities + Stockholders' Equity.
A(n) __________ examines a company's accounting information system to determine whether financial reports reliably represent its operations.
A. asset accounting	B. leverage	C. liability	D. audit
G.	Xác định nội dung các câu sau là Đúng hay Sai theo nghiệp vụ kế toán. Nếu đúng, ghi TRUE. Ngược lại, ghi FALSE.
Companies may choose a natural business year end, rather than December 31, as the end of their fiscal year for accounting reporting.	________
The balance sheet is prepared before the statement of changes in owner's equity.	___________
The income statement represents the basic accounting equation. _________
The balance sheet reports the final balances of the permanent accounts at the end of the fiscal period.	___________
Long-term investments would appear in the capital asset section of the balance sheet.	____________
A net income for the period is the amount left after the expenses for the period have been subtracted from revenue.	___________
Net income or net loss is the difference between total revenue and total expenses over a specific period of time.	___________
Depreciation is recorded to reflect the decline in market value of plant assets.	_____________
Financial statements can be prepared from the information provided by an adjusted trial balance.	_____________
Financial statements that reflect financial data for two or more periods are often referred to as comparative statements.	_____________
H.	Dùng các từ/cụm từ trong khung để hoàn thành các câu sau.
statement of changes in owner's equity
net income or net loss
balance sheet
ratio analysis
financial statements
return on sales
________________________ summarize the changes resulting from business transactions that have occurred during an accounting period.
The _______________________________ is completed as a support document for the balance sheet.
________________________ is a comparison of two items on a financial statement, resulting in a percentage that is used to evaluate the relationship between the two items.
A(n) ________________________ is the financial statement that reports the final balances in all asset, liability, and owner's equity accounts at the end of the accounting period.
________________________ is reported on the income statement.
________________________ indicates what percentage of net sales represents profit.