Government securities would appear on a commercial bank's balance sheet as ______.A．an assetB．reservesC．part of net worthD．a liability

第1题：

5 Which of the following events after the balance sheet date would normally qualify as adjusting events according

to IAS 10 Events after the balance sheet date?

1 The bankruptcy of a credit customer with a balance outstanding at the balance sheet date.

2 A decline in the market value of investments.

3 The declaration of an ordinary dividend.

4 The determination of the cost of assets purchased before the balance sheet date.

A 1, 3, and 4

B 1 and 2 only

C 2 and 3 only

D 1 and 4 only

正确答案：D

第2题：

(b) Explain the matters that should be considered when planning the nature and scope of the examination of

Cusiter Co’s forecast balance sheet and income statement as prepared for the bank. (7 marks)

正确答案：
(b) Matters to be considered
Tutorial note: Candidates at this level must appreciate that the matters to be considered when planning the nature and
scope of the examination are not the same matters to be considered when deciding whether or not to accept an
engagement. The scenario clearly indicates that the assignment is being undertaken by the current auditor rendering any
‘pre-engagement’/‘professional etiquette’ considerations irrelevant to answering this question.
This PFI has been prepared to show an external user, the bank, the financial consequences of Cusiter’s plans to help the bank
in making an investment decision. If Cusiter is successful in its loan application the PFI provides a management tool against
which the results of investing in the plant and equipment can be measured.
The PFI is unpublished rather than published. That is, it is prepared at the specific request of a third party, the bank. It will
not be published to users of financial information in general.
The auditor’s report on the PFI will provide only negative assurance as to whether the assumptions provide a reasonable basis
for the PFI and an opinion whether the PFI is:
■ properly prepared on the basis of the assumptions; and
■ presented in accordance with the relevant financial reporting framework.
The nature of the engagement is an examination to obtain evidence concerning:
■ the reasonableness and consistency of assumptions made;
■ proper preparation (on the basis of stated assumptions); and
■ consistent presentation (with historical financial statements, using appropriate accounting principles).
Such an examination is likely to take the form. of inquiry, analytical procedures and corroboration.
The period of time covered by the prospective financial information is two years. The assumptions for 2008 are likely to be
more speculative than for 2007, particularly in relation to the impact on earnings, etc of the investment in new plant and
equipment.
The forecast for the year to 31 December 2007 includes an element of historical financial information (because only part of
this period is in the future) hence actual evidence should be available to verify the first three months of the forecast (possibly
more since another three-month period will expire at the end of the month).
Cusiter management’s previous experience in preparing PFI will be relevant. For example, in making accounting estimates
(e.g. for provisions, impairment losses, etc) or preparing cash flow forecasts (e.g. in support of the going concern assertion).
The basis of preparation of the forecast. For example, the extent to which it comprises:
■ proforma financial information (i.e. historical financial information adjusted for the effects of the planned loan and capital
expenditure transaction);
■ new information and assumptions about future performance (e.g. the operating capacity of the new equipment, sales
generated, etc).
The nature and scope of any standards/guidelines under which the PFI has been prepared is likely to assist the auditor in
discharging their responsibilities to report on it. Also, ISAE 3400 The Examination of Prospective Financial Information,
establishes standards and provides guidance on engagements to examine and report on PFI including examination
procedures.
The planned nature and scope of the examination is likely to take into account the time and fee budgets for the assignments
as adjusted for any ‘overlap’ with audit work. For example, the examination of the PFI is likely to draw on the auditor’s
knowledge of the business obtained in auditing the financial statements to 31 December 2006. Analytical procedures carried
out in respect of the PFI may provide evidence relevant to the 31 December 2007 audit.

第3题：

The task of an auditor is to certify that the accounts and balance sheet show ______.

A．an accurate statement of income and expenditure

B．that the figures stated are accurate and correct

C．a true and fair view of the business

D．that the reserves are enough

正确答案：C
解析：auditor审计员。balance sheet资产负债表。statement of income and expenditure损益表。income and expenditure支出和收入。a true and fair view of the business对公司真实公平的看法。reserves储备金。

第4题：

听力原文：M: Do you provide investment service?

W: Yes. We are a commercial bank. We help customers with the purchase and sales of securities.

Q: What does the man want to do?

(13)

A．He will provide investment service.

B．He will help the customers.

C．He will join the commercial bank.

D．He will purchase or sell securities.

正确答案：D
解析：当男士问对方是否提供投资服务时，女士回答道："We help customers with the purchase and sales of securities．"可知D项正确。

第5题：

Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error.()

A.net income is understated

B.net income is overstated

C.merchandise inventory reported on the balance sheet is overstated

D.cost of merchandise sold is understated

正确答案：A

第6题：

A balance sheet is simply the enumeration of the various assets of a business on one side of a ledger and the enumeration of various liabilities and (61) accounts on the other side. The two sides must be equal, or balance. Only one further point should be (62) : A balance sheet refers to a single point in time, for example, the close of business on December 31. Taken by itself, a balance sheet does not show (63) over time. It is what economists call a stock concept, not a (64) concept. That is, the balance sheet shows the stock of goods a firm has on hand at any particular instant and does not show the flow of goods through the firm over time. For this reason, a balance sheet does not show business (65) , which are a flow.

(46)

A．profit

B．capital

C．income

D．cash

正确答案：B
解析：资产负债表分为三部分：资产、负债、所有者权益。capital accounts等于owner's equity。

第7题：

In preparing bank reconciliation, the amount of outstanding checks is added to the balance per bank statement.()

正确答案：错

第8题：

PartA 2. The National Association of Securities Dealers is investigating whether some brokerage

houses are inappropriately pushing individuals to borrow large sums on their houses

to invest in the stock market. Can we persuade the association to investigate would-be privatizers of Social Security? For it is now apparent that the Bush administration’s privatization proposal will amount to the same thing: borrow trillions, put the

money in the stock market and hope.

Privatization would begin by diverting payroll taxes, which pay for current Social

Security benefits, into personal investment accounts. The government would

have to borrow to make up the shortfall. This would sharply increase the government’s debt. “Never mind”, privatization advocates say, “in the long run, people would

make so much on personal accounts that the government could save money by cutting retirees’

benefits.Even so, if personal investment accounts were invested in Treasury bonds,

this whole process would accomplish precisely nothing. The interest workers would receive on,

their accounts would exactly match the interest the government would

have to pay on its additional debt. To compensate for the initial borrowing,

the government would have to cut future benefits so much that workers would gain nothing at all.

However, privatizersclaim that these investments would make a lot of

money and that, in effect, the government, not the workers, would reap most of those gains,

because as personal accounts grew, the government could cut benefits.

We can argue at length about whether the high stock returns such schemes assume are realistic

(they arent), but lets cut to the chase: in essence, such schemes

involve having the government borrow heavily and put the money in the stock market. That’s because the government would, in effect, confiscate workers’gains in their personal accounts by cutting those workers’ benefits.

Once you realize whatprivatization really means, it doesn’t sound too responsible, does it? But the details make it considerably worse. First,

financial markets would, correctly, treat the reality of huge deficits today as a much more

important indicator of the governments fiscal health than the mere promise that government could save money by

cutting benefits in the distant future. After all, a government bond is a legally binding

promise to pay, while a benefits formula that supposedly cuts costs 40 years from now is nothing

more than a suggestion to future Congresses.

If a privatization plan passed in 2005 called for steep benefit cuts in 2045,

what are the odds that those cuts would really happen? Second,

a system of personal accounts would pay huge brokerage fees. Of course, from Wall Street’s point of view that’s a benefit, not a cost.

第26题：According to the author, “privatizers”are those_____.

[A] borrowing from banks to invest in the stock market [B] who invest in Treasury bonds

[C] advocating the government to borrow money from citizens [D] who earn large sums of money in personal

accounts

正确答案：C

第9题：

共用题干
Federal Deposit Insurance Corporation
Before 1933,and particularly during the period 1929—1933,bank failures were not uncom-mon.________(51)a bank overextended itself in creating credit or if several of its important loans could not be________(52),depositors in the bank would frequently become panicky and begin to make large withdrawals.________(53)the bank had only a small number of its deposits backed by currency,the bank would soon be unable to meet withdrawals,and most depositors ________(54)their money.Most frequently a bank merely needed time to improve its cash posi- tion by________(55)some of its loans and not making additional ones.In 1933,the number of bank failures________(56)a peak,forcing the federal government to intervene and ________(57)the banks temporarily.To help restore the public's confidence________(58) banks and strengthen the banking community,Congress passed legislation setting up the Federal Deposit Insurance Corporation.________(59)corporation,an agency of the federal government, now insures over 90 percent of all mutual savings and commercial bank deposits for________(60) $100,000 per deposit.The FDIC has________(61)its insurance fund by charging member in-stitutions one-twelfth of 1 percent of their total deposits.
As a result of the protection provided by the FDIC and through other kinds of supervision, bank failures have been________(62)to a few isolated instances .When deposits are federally insured,people________(63)rush to withdraw their money if they________(64)the financial condition of their bank .The delay gives the banks the necessary time to adjust their cash credit balance,and this action helps to reduce the________(65)of bankruptcy.

52._________
A: repaid
B: deposited
C:.found
D:.saved

答案：A

解析：

从后文可知，本句是条件从句，条件从句应当由if引导。

从货款这个概念应当推断出，应当是归还，而不是存储或者发现。

本句前一部分和后一部分是因果关系，应当用because引导这个从句，because of后面跟的是名词或名词性短语，而不是从句。

我们从整个句子的语态来看，本句是虚拟语气，应当选D。此外，根据前一部分“the band would soon be unable to meet withdrawals”中的语态，我们也能做出相应的判断。

call on意为“号召，呼吁”;call for意为“要求，提倡”;call off意为“放弃，取消”; call in意为“召回，收回”。根据题意，银行应当采取相应的收回货款的措施，因此选D。

reach peak是固定用法，例如：Sales have reached a new peak. 销售额已达到新高。

不定式符号to后面跟动词原形，所以选择C。

表达“对于……有信心”应当用介词in，即confidence in(后接名词，表示对……有信心），例如：She lacks confidence in herself．她缺乏自信心。

这里应当用指示代词来组成一个名词词组，并不是构成一个从句，并且后面跟同位语短语，所以选B。

upto意为“达……之多”，符合题意。“as many as”用于可数名词前，如果选项中有“as mucn as”，则也是正确的，因为钱是不可数名词。

has已经提示了此处应当用动词的过去分词形式表达现在完成时语态。

根据上下文，此处是指自从建立了保险制度以来，银行破产的个案是减少了，而不是增加或者消失。

根据上下文，此处表达否定意思“不再”，所以选C。

be/become concerned about意为“担心；担忧；挂念”，例如：We're rather concerned a- bout father's health．我们相当担心父亲的健康。be/become concerned in sth．意为“和某事有牵连”。be/become concerned with意为“牵涉，与……有关，参与”。

根据上下文，此处表达“可能性”之意，所以选择possibility。

第10题：

The concept of a "smart city"___________ in the Government Work Report for the first time this year, whichshows the future direction of China′s urban construction.

A.appeared
B.was appearing
C.had appeared
D.would appear

答案：A

解析：

考查动词时态。句意为“‘智能城市’的概念今年第一次出现在《政府工作报告》上，表明了未来中国城市建设的方向”。主句中提及的事情发生在过去，意在表达在今年过去的某个时问．“智能城市”的概念出现在了《政府工作报告》上，所以用一般过去时态。

第11题：

As an architect for ABC bank， you have been tasked to improve the performance of their online balance transfer application. Due to various margers and takeovers， the bank has heterogeneous systems. Some applications are based on Java while others on either .net or C++. You would like to propose object serialization with Coherence to enable passing objects between these different language platforms. Which of the following options provides the capability ？（）

A、 Standard Java serialization
B、 .Net Binary serialization
C、 Coherence Portable Object Format
D、 Coherence Externalizable Lite

正确答案:C

第12题：

问答题

Practice 4　　The other kind of bank—the Bank of the United States was simultaneously a commercial bank and a quasi-public central bank. The First Bank of the United States, chartered by the Congress in 1791, owed its existence to Alexander Hamilton who, shortly after becoming Secretary of the Treasury, showed remarkable insight into the financial problems of the young country and the economic implications of banking. The First Bank of the United States operated much like a private bank. But unlike a regular commercial bank, it had the federal government as a partner and number one customer. The Bank served as the fiscal agent for the government, holding government tax receipts, paying government bills, performing various financial housekeeping tasks. In return, the government kept its cash as deposits with the First Bank of the United States, giving it a huge financial base. The First Bank’s federal charter, moreover, allowed it to operate branches in all states, giving it a big competitive edge over regular state-chartered banks, which could operate only in the states that chartered them. Gradually the First Bank of the United States evolved into a sort of banker’s bank, gaining the power to police lesser commercial banks.

正确答案：【参考译文】
另外一种银行为美利坚银行,它既是商业银行又是准公共性质的中央银行。1791年,美利坚第一银行经国会特许成立,它的成立应归功于亚历山大·汉密尔顿。他就任财政部长后不久就对新生的美国面临的财政问题以及银行业的经济意义显示出极强的洞察力。美利坚第一银行在运作上很像是一家私人银行。与通常的商业银行不同的是,它拥有联邦政府为其合伙人和头号客户。它充当了联邦政府的财政代理:为政府保管税收收入、替政府办理账单支付以及为政府执行各种金融保管任务等。作为回报,政府将现金存入美利坚第一银行,从而使该银行有了巨大的金融基础。由于美利坚第一银行经联邦特许可在各州设立分行,而由各州特许成立的普通银行只能在其州内经营,所以相比之下,美利坚第一银行有很大的竞争优势。美利坚第一银行因而逐渐演化为某种“银行家的银行”,把握着监督较小的商业银行的权力。

解析：暂无解析

第13题：

The following information is relevant for questions 9 and 10

A company’s draft financial statements for 2005 showed a profit of $630,000. However, the trial balance did not agree,

and a suspense account appeared in the company’s draft balance sheet.

Subsequent checking revealed the following errors:

(1) The cost of an item of plant $48,000 had been entered in the cash book and in the plant account as $4,800.

Depreciation at the rate of 10% per year ($480) had been charged.

(2) Bank charges of $440 appeared in the bank statement in December 2005 but had not been entered in the

company’s records.

(3) One of the directors of the company paid $800 due to a supplier in the company’s payables ledger by a personal

cheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entry

for the transaction. (The company does not maintain a payables ledger control account).

(4) The payments side of the cash book had been understated by $10,000.

9 Which of the above items would require an entry to the suspense account in correcting them?

A All four items

B 3 and 4 only

C 2 and 3 only

D 1, 2 and 4 only

正确答案：B

第14题：

短文理解

听力原文： Dealers in government and private securities need short-term financing to purchase new securities and carry their existing portfolios of securities until those securities are sold to customers or reach maturity. Such loans are readily granted by many of the largest banks because of their high quality--often backed by pledging the dealer's holdings of government securities as collateral. Moreover, many loans to securities dealers are so short-overnight out to a few days that the bank can quickly recover its funds or make a new loan at a higher interest rate if the credit markets have tightened up.

21. Who need short-term financing according to the passage?

22.Why such loans are so high quality?

23.How long will the dealers keep such loans?

(21)

A．Dealers in foreign exchange.

B．Dealers in government bonds.

C．Dealers in IPO.

D．Dealers in government & private securities.

正确答案：D
解析：录音原文第一句就提到Dealers in government and private securities need short-term financing to purchase new securities and…。

第15题：

What will happen if there is one commercial bank and no thrifts in a small town?

A．The residents will deposit their money with the bank.

B．The local bank will provide business loans to the commercial bank.

C．Some large banks will transport money by check to the bank.

D．People in the area will not deposit money with the bank.

正确答案：A
解析：文章第二段提到If there is one commercial bank...deposit their funds in the local bank.在一些偏远地区的小镇，如果只有一家商业银行而没有其他银行的时候，居民会把钱存入当地的银行。

第16题：

The main liability on a bank balance sheet is ______.

A．deposits

B．capital and reserves

C．loans and overdrafts

D．cash

正确答案：A
解析：deposits存款。liability负债。bank balance sheet银行资产负债表。capital and reserves资本金和准备金。loans and overdrafts贷款与透支。cash现金。

第17题：

听力原文：M: Can you tell me something about a balance sheet?

W: Yes. It is divided into three sections: assets, liabilities, and owner's equity and it is used to summarize a company's financial position on a given date.

Q: Which of the following is not a section of a balance sheet?

(15)

A．Profit and Joss

B．Owner's equity.

C．Liabilities

D．Assets.

正确答案：A
解析：根据女士回答资产负债表分为三部分，即"assets", "liabilities" 和"owner's equity"，A项未提及。

第18题：

"Balance Sheet" means the statement on which a bank's assets and liabilities are listed.

A．Right

B．Wrong

C．Doesn't say

正确答案：A
解析：从文中第二句后半部分other on-and-off balance sheet exposures such as guarantees, acceptances and securities investments. 可以倒推出来。资产负债表外业务没有涉及资产和负债，那么资产负债表就应该包含资产和负债。on-and-off balance sheet资产负债表内外，balance sheet。

第19题：

The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.()

正确答案：错

第20题：

The concept of a"smart city"_________in the Government Work Report for the first time this year, which shows the future direction of China's urban construction.

A．appeared
B．was appearing
C．had appeared
D．would appear

答案：A

解析：

考查动词时态。主句中提及的事情发生在过去，意在表达在今年过去的某个时间，“智能城市”的概念出现在了《政府工作报告》上，应用过去时。句意为“‘智能城市’的概念今年第一次出现在《政府工作报告》上，表明了未来中国城市建设的方向”。故选A。

第21题：

共用题干
Federal Deposit Insurance Corporation
Before 1933,and particularly during the period 1929—1933,bank failures were not uncom-mon.________(51)a bank overextended itself in creating credit or if several of its important loans could not be________(52),depositors in the bank would frequently become panicky and begin to make large withdrawals.________(53)the bank had only a small number of its deposits backed by currency,the bank would soon be unable to meet withdrawals,and most depositors ________(54)their money.Most frequently a bank merely needed time to improve its cash posi- tion by________(55)some of its loans and not making additional ones.In 1933,the number of bank failures________(56)a peak,forcing the federal government to intervene and ________(57)the banks temporarily.To help restore the public's confidence________(58) banks and strengthen the banking community,Congress passed legislation setting up the Federal Deposit Insurance Corporation.________(59)corporation,an agency of the federal government, now insures over 90 percent of all mutual savings and commercial bank deposits for________(60) $100,000 per deposit.The FDIC has________(61)its insurance fund by charging member in-stitutions one-twelfth of 1 percent of their total deposits.
As a result of the protection provided by the FDIC and through other kinds of supervision, bank failures have been________(62)to a few isolated instances .When deposits are federally insured,people________(63)rush to withdraw their money if they________(64)the financial condition of their bank .The delay gives the banks the necessary time to adjust their cash credit balance,and this action helps to reduce the________(65)of bankruptcy.

54._________
A:.lost
B:.had lost
C:.will lose
D:.would lose

答案：D

解析：

从后文可知，本句是条件从句，条件从句应当由if引导。

从货款这个概念应当推断出，应当是归还，而不是存储或者发现。

本句前一部分和后一部分是因果关系，应当用because引导这个从句，because of后面跟的是名词或名词性短语，而不是从句。

我们从整个句子的语态来看，本句是虚拟语气，应当选D。此外，根据前一部分“the band would soon be unable to meet withdrawals”中的语态，我们也能做出相应的判断。

call on意为“号召，呼吁”;call for意为“要求，提倡”;call off意为“放弃，取消”; call in意为“召回，收回”。根据题意，银行应当采取相应的收回货款的措施，因此选D。

reach peak是固定用法，例如：Sales have reached a new peak. 销售额已达到新高。

不定式符号to后面跟动词原形，所以选择C。

表达“对于……有信心”应当用介词in，即confidence in(后接名词，表示对……有信心），例如：She lacks confidence in herself．她缺乏自信心。

这里应当用指示代词来组成一个名词词组，并不是构成一个从句，并且后面跟同位语短语，所以选B。

upto意为“达……之多”，符合题意。“as many as”用于可数名词前，如果选项中有“as mucn as”，则也是正确的，因为钱是不可数名词。

has已经提示了此处应当用动词的过去分词形式表达现在完成时语态。

根据上下文，此处是指自从建立了保险制度以来，银行破产的个案是减少了，而不是增加或者消失。

根据上下文，此处表达否定意思“不再”，所以选C。

be/become concerned about意为“担心；担忧；挂念”，例如：We're rather concerned a- bout father's health．我们相当担心父亲的健康。be/become concerned in sth．意为“和某事有牵连”。be/become concerned with意为“牵涉，与……有关，参与”。

根据上下文，此处表达“可能性”之意，所以选择possibility。

第22题：

Balance sheet

正确答案: 资产负债表（the Balance Sheet）亦称财务状况表，表示企业在一定日期（通常为各会计期末）的财务状况（即资产、负债和业主权益的状况）的主要会计报表。

第23题：

单选题

As an architect for ABC bank， you have been tasked to improve the performance of their online balance transfer application. Due to various margers and takeovers， the bank has heterogeneous systems. Some applications are based on Java while others on either .net or C++. You would like to propose object serialization with Coherence to enable passing objects between these different language platforms. Which of the following options provides the capability ？（）

A

Standard Java serialization

B

.Net Binary serialization

C

Coherence Portable Object Format

D

Coherence Externalizable Lite

正确答案： D

解析：暂无解析

Government securities would appear on a commercial bank's balance sheet as ______.A．an assetB．reservesC．part of net worthD．a liability

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