The bank's request for loan security is ______.A．to make the loan more profitableB．to make the loan more diversifiedC．to reduce the loss in case of defaultD．to guard against deterioration of loan collateral
题目
The bank's request for loan security is ______.
A．to make the loan more profitable
B．to make the loan more diversified
C．to reduce the loss in case of default
D．to guard against deterioration of loan collateral
相似考题
参考答案和解析
解析：文章第一段提到The main reason for requesting that…to repay the loan at maturity．银行在发放贷款时向借款人要求一定的抵押品，主要是为了降低风险，在借款人不能按时还款时，可以处置抵押品来降低贷款损失。
更多“The bank's request for loan security is ______.A．to make the loan more profitableB．to make the loan more diversifiedC．to reduce the loss in case of defaultD．to guard against deterioration of loan collateral”相关问题
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第1题：
(d) Sirus raised a loan with a bank of $2 million on 1 May 2007. The market interest rate of 8% per annum is to
be paid annually in arrears and the principal is to be repaid in 10 years time. The terms of the loan allow Sirus
to redeem the loan after seven years by paying the full amount of the interest to be charged over the ten year
period, plus a penalty of $200,000 and the principal of $2 million. The effective interest rate of the repayment
option is 9·1%. The directors of Sirus are currently restructuring the funding of the company and are in initial
discussions with the bank about the possibility of repaying the loan within the next financial year. Sirus is
uncertain about the accounting treatment for the current loan agreement and whether the loan can be shown as
a current liability because of the discussions with the bank. (6 marks)
Appropriateness of the format and presentation of the report and quality of discussion (2 marks)
Required:
Draft a report to the directors of Sirus which discusses the principles and nature of the accounting treatment of
the above elements under International Financial Reporting Standards in the financial statements for the year
ended 30 April 2008.
正确答案：
(d) Repayment of the loan
If at the beginning of the loan agreement, it was expected that the repayment option would not be exercised, then the effective
interest rate would be 8% and at 30 April 2008, the loan would be stated at $2 million in the statement of financial position
with interest of $160,000 having been paid and accounted for. If, however, at 1 May 2007, the option was expected to be
exercised, then the effective interest rate would be 9·1% and at 30 April 2008, the cash interest paid would have been
$160,000 and the interest charged to the income statement would have been (9·1% x $2 million) $182,000, giving a
statement of financial position figure of $2,022,000 for the amount of the financial liability. However, IAS39 requires the
carrying amount of the financial instrument to be adjusted to reflect actual and revised estimated cash flows. Thus, even if
the option was not expected to be exercised at the outset but at a later date exercise became likely, then the carrying amount
would be revised so that it represented the expected future cash flows using the effective interest rate. As regards the
discussions with the bank over repayment in the next financial year, if the loan was shown as current, then the requirements
of IAS1 ‘Presentation of Financial Statements’ would not be met. Sirus has an unconditional right to defer settlement for longer
than twelve months and the liability is not due to be legally settled in 12 months. Sirus’s discussions should not be considered
when determining the loan’s classification.
It is hoped that the above report clarifies matters. -
第2题：
(ii) A proposal which will increase the after tax proceeds from the sale of the Snapper plc loan stock and a
reasoned recommendation of a more appropriate form. of external finance. (3 marks)
正确答案：
(ii) Proposal to increase the after tax proceeds from the sale of the loan stock
AS should delay the sale of the loan stock until after 5 April 2008. The gain made at the time of the takeover would
then crystallise in 2008/09 and would be covered by the annual exemption for that year. The net proceeds would be
increased by the capital gains tax saved of ￡3,446 (￡8,616 x 40%).
More appropriate forms of external finance
A bank overdraft is not the most appropriate form. of long term business finance. This is because the bank can demand
repayment of the overdraft at any time and the rates of interest charged are fairly high.
AS should seek long term finance for his long term business needs, for example a bank loan secured on the theatre, and
use the bank overdraft to finance the working capital required on a day-to-day basis. -
第3题：
What will the buyer do if his bank buys the draft for him?
A．He will open a letter of credit.
B．He will repay the bank a short-term loan.
C．He will buy back the draft.
D．He will return the money to the seller.
正确答案：B
解析：倒数第三句The domestic bank can buy the draft, a short-term loan agreement to be paid by the company buying the goods abroad，是说当国内银行购买了卖方的远期汇票时，购买商品者就必须偿还银行的这笔短期贷款了。 -
第4题：
Which of the following can secure a term loan?
A．Securities.
B．Land and building.
C．Accounts receivable.
D．Inventory.
正确答案：B
解析：倒数第三句Term loans normally are secured by fixed assets...owned by the borrower and...意指定期贷款通常由借款人的固定资产来提供可靠的保证，例如固定设备和房地产等。 -
第5题：
听力原文：M: Most banks tend to decline loan proposals which are highly speculative.
W: I think because the banks expect the loan to generate sufficient profit and positive cash-flow for themselves and for the clients.
Q: What will the banks usually do to the highly speculative loan proposals?
(15)
A．The banks will disapprove them.
B．The banks will approve them.
C．The Bank will benefit from the loans.
D．The bank will make profit from lending.
正确答案：A
解析：根据男士的话可知银行对投机性高的贷款申请的态度是“decline”，即“拒绝”，A项正确。 -
第6题：
______ is a large loan, generally more than USD10 million, negotiated between a borrower and a single bank, but actually funded by a number of banks.
A．A project loan
B．A syndicated loan
C．An export credit
D．Consumer credit
正确答案：B
解析：project loan项目贷款。export credit出口信贷。consumer credit消费信贷。 -
第7题：
What is the safer and more normal method for the importer's bank to effect the settlement?
A．To issue a banker's draft.
B．To arrange for payment by mail transfer.
C．To make the payment to its correspondent bank.
D．To ask the importer to pay the money on his dollar account.
正确答案：B
解析：文中提到The British importer can then send…the British bank to arrange for payment by mail transfer．相对较为安全的方法是邮汇。 -
第8题：
Before making a loan, potential lenders determine the borrower's ability to meet ______.
A．scheduled payment
B．his creditor
C．the government's requirements
D．financial information
正确答案：A
解析：creditor债权人，贷款者。 -
第9题：
By origin, English words can be classified as “native words” and “loan words”.( )此题为判断题(对，错)。
正确答案：正确
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第10题：
听力原文：M: The rate on a personal loan is fixed according to the base rate at the time when the loan is made.
W: But it is always higher than the base rate, isn't it?
Q: What is determined when a personal loan is made?
(14)
A．Rate on the personal loan.
B．Base rate of the bank.
C．The amount of payment.
D．Personal loan's time period.
正确答案：A
解析：根据对话中"The rate on a personal loan is fixed"可知A项正确。 -
第11题：
John, CPA, is auditing the financial statements of ABC Bank Co.for the year ended December 31,20×8. The following information is available:
(a)John assessed the risk of material misstatements in short-term loan account at 80% and plans to limit to 10% the risk of failing to detect misstatements in the account equal to the tolerable error assigned to the account.
(b) John is testing the operating effectiveness of the loan approval procedure(a control activ- ity) related to granting loans. In 20×8,ABC Bank granted to 10 000 loans in total. John deter- mined that the acceptable risk of assessing control risk too low is 10%. He selected a sample made up of 60 sampling units and tested without any deviation found. Some Poisson Risk Factors(Relia- bility Factors) are reprinted as follows:
(c) John is using the Ratio Estimation Variable Sampling method to test the long-term loan balance at December 31, 20×8. The total recorded balance is RMB￥300 billion , made up of 4 000 items. John designed a sample made up of 200 items . The book value of the sample is RMB￥16. 5 billion. However, the audited value is RMB￥15. 6 billion.
(d) John is performing substantive procedures on interest income from short-term loan. The average annual market interest rate for short-term loan is 5 percent. The audited short-term loan balances of ABC Bank Co. at the end of each month in 20×8 are as follows:
Required :
(1) Based on (a) , calculate the acceptable detection risk.
(2) Based on (b) , calculate the upper limit of population deviation rate.
(3) Based on (c), make a point estimate of the misstatement in the population. Sampling error need not to be considered.
(4) Based on (d) , develop the expected result of interest income from short-term loan.
(5) Assume that after the tests mentioned in (d) , John found that the interest income from short-term loan was understated by RMB￥0. 05billion. Prepare the adjusting entry.
答案：解析：(1) acceptable detection risk = audit risk/the risk of material misstatement s = 10%/80% = 12. 5%
(2) The upper limit of population deviation rate = Poisson risk factor/sample size = 2. 3/60 = 3. 83 %
(3) ratio = 156/165 = 94. 54%
estimate the actual value of the population = 3 000*94. 54% = 283. 62 billion a point estimate of the misstatement in of the population =3 000 -283. 62 *10 = 16. 38 billion
(4) the expected result of interest income from short-term loan = (300 +320 +310 +300 + 330 +320 +320 +290 +310 +330 +300 +290)*5% =18. 6 billion
(5) the adjusting accounting entry:
Dr: Interest suspense 156
Cr: Interest income 156
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第12题：
单选题The case of Continental Illinois Bank & Trusted Company of Chicago can best show that _____.Aprivate sectors have inefficient capitals to support
Bshort term borrowings are unreliable
Clong term and lager amount of loan is too risky
Dit is necessary for government to intervene with the banking system sometimes
正确答案： C解析：
本文以伊利诺伊大陆银行和芝加哥信托公司的破产为例子讲述了保持美国银行体系稳定性的手段，开头部分提到了监管、制度化、存款保险和给陷入窘境的银行提供贷款等方式，后面全文则是说明，在非常危急的情况下只能由政府出面进行调节。 -
第13题：
(ii) State the taxation implications of both equity and loan finance from the point of view of a company.
(3 marks)
正确答案：
(ii) A company needs to be aware of the following issues:
Equity
(1) Costs incurred in issuing share capital are not allowed as a trading deduction.
(2) Distributions to investors are not allowed as a trading deduction.
(3) The cost of making distributions to shareholders are disallowable.
(4) Where profits are taxed at an effective rate of less than 19%, any profits used to make a distribution to noncorporate
shareholders will themselves be taxed at the full 19% rate.
Loan finance/debt
(1) The incidental costs of obtaining/raising loan finance are broadly deductible as a trading expense.
(2) Capital costs of raising loan finance (for example, loans issued at a discount) are not deductible for tax purposes.
(3) Interest incurred on a loan to finance a business is deductible from trading income. -
第14题：
3 You are an audit manager in Webb & Co, a firm of Chartered Certified Accountants. Your audit client, Mulligan Co,
designs and manufactures wooden tables and chairs. The business has expanded rapidly in the last two years, since
the arrival of Patrick Tiler, an experienced sales and marketing manager.
The directors want to secure a loan of $3 million in order to expand operations, following the design of a completely
new range of wooden garden furniture. The directors have approached LCT Bank for the loan. The bank’s lending
criteria stipulate the following:
‘Loan applications must be accompanied by a detailed business plan, including an analysis of how the finance will
be used. LCT Bank need to see that the finance requested is adequate for the proposed business purpose. The
business plan must be supported by an assurance opinion on the adequacy of the requested finance.’
The $3 million finance raised will be used as follows:
$000
Construction of new factory 1,250
Purchase of new machinery 1,000
Initial supply of timber raw material 250
Advertising and marketing of new product 500
Your firm has agreed to review the business plan and to provide an assurance opinion on the completeness of the
finance request. A meeting will be held tomorrow to discuss this assignment.
Required:
(a) Identify and explain the matters relating to the assurance assignment that should be discussed at the meeting
with Mulligan Co. (8 marks)
正确答案：
3 MULLIGAN CO
(a) Matters to be discussed would include the following:
The exact content of the business plan which could include:
– Description of past business performance and key products
– Discussion of the new product
– Evidence of the marketability of the new product
– Cash flow projections
– Capital expenditure forecasts
– Key business assumptions.
The form. of the assurance report that is required – in an assurance engagement the nature and wording of the expected
opinion should be discussed. Webb & Co should clarify that an opinion of ‘negative assurance’ will be required, and whether
this will meet the bank’s lending criteria.
The intended recipient of the report – Webb & Co need to clarify the name and address of the recipient at LCT Bank. For the
limitation of professional liability, it should be clarified that LCT Bank will be the only recipient, and that the assurance opinion
is being used only as part of the bank’s overall lending decision.
Limiting liability – Webb & Co may want to receive in writing a statement that the report is for information purposes only, and
does not give rise to any responsibility, liability, duty or obligation from the firm to the lender.
Deadlines – it should be discussed when the bank need the report. This in turn will be influenced by when Mulligan Co needs
the requested $3 million finance. The bank may need a considerable period of time to assess the request, review the report,
and ensure that their lending criteria have been fully met prior to advancing the finance.
Availability of evidence – Mulligan Co should be made aware that in order to express an opinion on the finance request, they
must be prepared to provide all the necessary paperwork to assist the assurance provider. Evidence is likely to include
discussions with key management, and written representations of discussions may be required.
Professional regulation – Webb & Co should discuss the kind of procedures that will be undertaken, and confirm that they
will be complying with relevant professional guidance, for example:
– ISAE 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information
– ISAE 3400 The Examination of Prospective Financial Information
Engagement administration – any points not yet discussed in detail when deciding to take the assurance engagement should
be finalised at the meeting. These points could include the following:
– Fees – the total fee and billing arrangements must be agreed before any work is carried out
– Personnel – Webb & Co should identify the key personnel who will be involved in the assignment
– Complaints procedures – should be briefly outlined (the complaints procedures in an assurance engagement may differ
from an audit assignment)
– Engagement letter – if not already signed by both Webb & Co and Mulligan Co, the engagement letter should be
discussed and signed at the meeting before any assignment work is conducted.
Tutorial note: the scenario states that Webb & Co have already decided to take the assurance assignment for their existing
client, therefore the answer to this requirement should not focus on client or engagement acceptance procedures. -
第15题：
Usually the borrowing firm of term loans promises to repay ______.
A．the principal and interest until the end of the loan period
B．the principal and interest at the end of the loan period
C．the loan in a series of installments
D．at any time when cash is more abundant ______.
正确答案：C
解析：第一段第二句后半句...and then pledges to meet the scheduled repayment in a series of installments(often payments are made every quarter or even monthly)，意指借款企业向银行保证分期还款，通常是按月或者按季度分期还款。Installment分期还款。 -
第16题：
The meeting suggested() the loan first.A、repaying
B、replied
C、to reply
参考答案：A
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第17题：
The meeting suggested()the loan first.
A. to reply
B. replied
C. repaying
参考答案：A
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第18题：
Usually, a loan to government is safer than a loan to a private-sector borrower.
A．Right
B．Wrong
C．Doesn't say
正确答案：A
解析：从文中第三句话In any case, a loan to the foreign nation's government or its agencies is generally safer than a loan to a private-sector borrower．可以看出。 -
第19题：
The value of the collateral must be ______.
A．greater than the loan amount
B．the same as or be greater than the loan amount
C．smaller than the loan amount
D．the same as the loan amount
正确答案：B
解析：文章第二段提到it is imperative that…or greater than, the amount of the loan．抵押品的价值一般应高于或等于贷款的金额，这样才能控制贷款风险的作用。 -
第20题：
The rate of interest paid on a bank loan will depend () your firm’s standing with the bank and may be 2 per cent or 3 percent.
A、of
B、upon
C、for
D、in
参考答案：B
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第21题：
单句理解
听力原文：Collateral can never make a bad loan good, but it can turn a good loan into a better one.
(1)
A．Collateral sometimes turns a bad loan into a good one.
B．Good loans can be turned into better loans with collaterals.
C．Collateral can turn a good loan into a bad one.
D．Collateral can turn a bad loan into a worse one.
正确答案：B
解析：单句给出的信息是“贷款抵押物从不会使账目由坏变好，但可以由好变更好”，B项意思正确。 -
第22题：
Although he is in financial difficulties, he is ()to accept my offer of the loan of twenty thousand dollars.A.reliable
B.regular
C.reluctant
D.religious答案：C解析：虽然他经济有困难，他还是不愿意接受我借给他的两万块。 -
第23题：
问答题◆Topic 2: Does blacklisting student loan defaulters help repayments to banks? News report: Between 2005 and 2007, the China Development Bank offered 1.66 billion yuan worth of loans to 243,000 students from poor families in central China’s Henan Province. Last May, the Bank and the Henan Provincial Education Department jointly issued an ultimatum requiring 223 college graduates to pay off the interest on their student loan within 30 days. Nevertheless, the students failed to repay the debts as required. Now the colleges and banks cannot contact these students after their graduation as they have not notified banks of their changes of address. It is in this situation that the China Development Bank and the Education Department decided to publish the personal information of these students in accordance with relevant regulations concerning student loans. Questions for reference: 1. Should the personal information of these students be published or not? Give your reasons. 2. How should the student loan system be improved and perfected? 3. What are the possible consequences that might follow if the personal information of such students are published?正确答案： 【参考答案】
My name is...My registration number is...Today I will talk about the question…Does blacklisting student loan defaulters help repayments to banks?
Here is the thing: The students have failed to repay the debts as required by banks and they are now out of contact after their graduation as they have not notified banks of their changes of addresses. Therefore some banks have decided to publish the personal information of these students in accordance with relevant regulations concerning student loans. As a consequence, those who fail to contact their schools and banks in time will have their bad credit record included in the central bank’s personal credit information database, which will clearly place a black mark on these students’ future lives and careers.
This question claims for more comprehensive consideration. Here I want to point out that many people have shown their sympathy for these students. As for students who depend on loans for completing college education, they sometimes have a sense of inferiority and often face some kind of psychological pressure. Faced with the tight employment situation, they are already becoming worried whether they can repay education loans. Now, banks’ exposure of students defaulting on education loans will undoubtedly cast a bigger shadow on them. The exposure of their “bad credit record” would make it difficult for them to find a job after graduation. Worse still, the exposure may even deprive an already employed student of a job, further harming his ability to pay off the loan. In other words, to expose their personal information will often damage students’ reputations and may well deprive many students of valuable future jobs and promotion opportunities, putting them in an even more difficult financial position. One of the ways to deal with loan defaulters is to go to court, file litigation against them, and settle the issue through legal means. On the other hand, banks and education authorities could take further measures and improve the loan system so as to avoid the occurrence of defaulting on payment of education loans.解析： 暂无解析