Examination Outline---Professional Accounting English
Part one: Ten multiple-choice questions (3 marks for each, total 30 marks)
Part two: Translate ten words from Chinese to English (2 marks for each, total
20 marks)
Part three: Make entries according to business transactions (total 20 marks)
Part four: Calculation/Prepare financial statements (total 30 marks)
Pass: 60 out of 100
Content
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. Multiple-choice questions
1. The general ledger is also called control account. p. 50
2. The balance sheet is often called the statement of financial position. P.63
3. Different types of inventories in manufacturing enterprises such as raw materials,
work in process, and finished goods. P.115
4. The cost of land and the cost of land improvements p. 138
5. Users of managerial accounting and financial accounting p.10
6. Compare three different types of business entities p.20-21
7. The accounting equation p.22
8. The definition of posting p.29
9. Purchase something on credit/on account (entry)
10. Purchase something for cash (entry)
11. Interest= face amount脳
rate脳
time p.97
12. Periodic inventory system and perpetual inventory system (entry) p.116-117
13. Using the FIFO method to calculate the cost of goods sold p.123
14. Dividends declaration date/ record date/ payment date p.180
15. Bonds issue at face amount/at a discount/at a premium p. 170-171
16.The priority of preferred stocks p.178
17.Issue common/preferred stocks (entry) p.177
18. Provide service and receive cash immediately (entry)
19. How to calculate the amount of gross margin? P.69
20. Types of intangible assets p. 150