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1、第1学期会计专业英语作业 作业说明 1.用16开纸（184260mm）打印题目，上、下、左、右各设2CM边距； 答案必须手写。 2. 作业模板如下页所示： 2012-2013学年第1学期专业英语作业 专业：班级：任课教师：丘永政 姓名：学号：成绩： I. Analyzing transactions and preparing financial statements Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the
2、following transactions during Require d： 1.Prepare an income statement for May, a May 31 balance sheet. a statement of cash flows for May. 2.These statements are given as follows THE GRAHAM CO. Income Statement THE GRAHAM CO. Balance Sheet THE GRAHAM CO. Statement of Cash Flows II. Translate the fol
3、lowing sentences into Chinese 1.Most U.S. companies are not directly affected by international accounting standards. International standards are put forth as preferred accounting practices. However, stock exchanges and other parties are increasing the pressure to narrow differences in worldwide acco
4、unting practices. International accounting standards are playing an important role in that process. 2.The objectivity concept and cost principle are related in that most users consider information based on cost as objective. Information prepared using both is considered highly reliable and often rel
5、evant. ers desire information about the performance of a specific entity. If information is mixed between two or more entities, its usefulness decreases. 4.The revenue recognition principle gives preparers guidelines on when to recognize (record) revenue. This is important; for example, if revenue i
6、s recognized too early, the statements report revenue sooner than it should and the business looks more profitable than it is. The reverse is also true. 5.The three basic forms of business organization are sole proprietorships, partnerships, and corporations. 6.Owners of corporations are called shar
7、eholders(or stockholders). Corporate ownership is divided into units called shares (or stock). The most basic of corporate shares is common stock (or capital stock). 7.An income statement reports a companys revenues and expenses along with the resulting net income or loss. A statement of owners equi
8、ty shows changes in equity, including that from net income or loss. Both statements report transactions occurring over a period of time. 8.The balance sheet describes a companys financial position (assets, liabilities, and equity) at a point in time. The equity amount in the balance sheet is obtaine
9、d from the statement of owners equity. 9.Cash flows from operating activities report cash receipts and payments from the primary business the company engages in. Cash flows from investing activities involve cash transactions from buying and selling long-term assets. Cash flows from financing activities include long-term cash borrowings and repayments to lenders and the cash investments from and withdrawals by the owner. . 10Expenses：Outflows or using up of assets as part of operations of a business to generate sales. 2 / 2
