–____________________ –It’s September 10th.A.When is National DayB.When is Labor’s DayC.When is Teacher’s DayD. When is Christmas Day

题目
–____________________ –It’s September 10th.

A.When is National Day

B.When is Labor’s Day

C.When is Teacher’s Day

D. When is Christmas Day

相似考题

1.4 (a) Explain the auditor’s responsibilities in respect of subsequent events. (5 marks)Required:Identify and comment on the implications of the above matters for the auditor’s report on the financialstatements of Jinack Co for the year ended 30 September 2005 and, where appropriate, the year ending30 September 2006.NOTE: The mark allocation is shown against each of the matters.

2.(b) You are an audit manager in a firm of Chartered Certified Accountants currently assigned to the audit of CleevesCo for the year ended 30 September 2006. During the year Cleeves acquired a 100% interest in Howard Co.Howard is material to Cleeves and audited by another firm, Parr & Co. You have just received Parr’s draftauditor’s report for the year ended 30 September 2006. The wording is that of an unmodified report except forthe opinion paragraph which is as follows:Audit opinionAs more fully explained in notes 11 and 15 impairment losses on non-current assets have not beenrecognised in profit or loss as the directors are unable to quantify the amounts.In our opinion, provision should be made for these as required by International Accounting Standard 36(Impairment). If the provision had been so recognised the effect would have been to increase the loss beforeand after tax for the year and to reduce the value of tangible and intangible non-current assets. However,as the directors are unable to quantify the amounts we are unable to indicate the financial effect of suchomissions.In view of the failure to provide for the impairments referred to above, in our opinion the financial statementsdo not present fairly in all material respects the financial position of Howard Co as of 30 September 2006and of its loss and its cash flows for the year then ended in accordance with International Financial ReportingStandards.Your review of the prior year auditor’s report shows that the 2005 audit opinion was worded identically.Required:(i) Critically appraise the appropriateness of the audit opinion given by Parr & Co on the financialstatements of Howard Co, for the years ended 30 September 2006 and 2005. (7 marks)

3.1．—When is your birthday?—It ’s_________ ．A． october 7thB． may，5thC． September 2ndD． January 8

4.(b) You are the audit manager of Jinack Co, a private limited liability company. You are currently reviewing twomatters that have been left for your attention on the audit working paper file for the year ended 30 September2005:(i) Jinack holds an extensive range of inventory and keeps perpetual inventory records. There was no fullphysical inventory count at 30 September 2005 as a system of continuous stock checking is operated bywarehouse personnel under the supervision of an internal audit department.A major systems failure in October 2005 caused the perpetual inventory records to be corrupted before theyear-end inventory position was determined. As data recovery procedures were found to be inadequate,Jinack is reconstructing the year-end quantities through a physical count and ‘rollback’. The reconstructionexercise is expected to be completed in January 2006. (6 marks)Required:Identify and comment on the implications of the above matters for the auditor’s report on the financialstatements of Jinack Co for the year ended 30 September 2005 and, where appropriate, the year ending30 September 2006.NOTE: The mark allocation is shown against each of the matters.

参考答案和解析
参考答案:C
更多“–____________________ –It’s September 10th. ”相关问题

  • 第1题：

    A

    I'm Joe． I-m twelve years old． I like September very much． September 9th is my birthday， and my father's birthday is in September，too．We have a birthday party ev-ery year． Teachers Day is in September， too． And I can play with all my teachers． So September is my favorite． What about you?

    ( )21．1t is Joe's________ birthday this year．

    A． twelve

    B．twelfth

    C． ninth

    D． nine


    正确答案：B

  • 第2题：

    (a) An assistant of yours has been criticised over a piece of assessed work that he produced for his study course for giving the definition of a non-current asset as ‘a physical asset of substantial cost, owned by the company, which will last longer than one year’.

    Required:

    Provide an explanation to your assistant of the weaknesses in his definition of non-current assets when

    compared to the International Accounting Standards Board’s (IASB) view of assets. (4 marks)

    (b) The same assistant has encountered the following matters during the preparation of the draft financial statements of Darby for the year ending 30 September 2009. He has given an explanation of his treatment of them.

    (i) Darby spent $200,000 sending its staff on training courses during the year. This has already led to an

    improvement in the company’s efficiency and resulted in cost savings. The organiser of the course has stated that the benefits from the training should last for a minimum of four years. The assistant has therefore treated the cost of the training as an intangible asset and charged six months’ amortisation based on the average date during the year on which the training courses were completed. (3 marks)

    (ii) During the year the company started research work with a view to the eventual development of a new

    processor chip. By 30 September 2009 it had spent $1·6 million on this project. Darby has a past history

    of being particularly successful in bringing similar projects to a profitable conclusion. As a consequence the

    assistant has treated the expenditure to date on this project as an asset in the statement of financial position.

    Darby was also commissioned by a customer to research and, if feasible, produce a computer system to

    install in motor vehicles that can automatically stop the vehicle if it is about to be involved in a collision. At

    30 September 2009, Darby had spent $2·4 million on this project, but at this date it was uncertain as to

    whether the project would be successful. As a consequence the assistant has treated the $2·4 million as an

    expense in the income statement. (4 marks)

    (iii) Darby signed a contract (for an initial three years) in August 2009 with a company called Media Today to

    install a satellite dish and cabling system to a newly built group of residential apartments. Media Today will

    provide telephone and television services to the residents of the apartments via the satellite system and pay

    Darby $50,000 per annum commencing in December 2009. Work on the installation commenced on

    1 September 2009 and the expenditure to 30 September 2009 was $58,000. The installation is expected

    to be completed by 31 October 2009. Previous experience with similar contracts indicates that Darby will

    make a total profit of $40,000 over the three years on this initial contract. The assistant correctly recorded

    the costs to 30 September 2009 of $58,000 as a non-current asset, but then wrote this amount down to

    $40,000 (the expected total profit) because he believed the asset to be impaired.

    The contract is not a finance lease. Ignore discounting. (4 marks)

    Required:

    For each of the above items (i) to (iii) comment on the assistant’s treatment of them in the financial

    statements for the year ended 30 September 2009 and advise him how they should be treated under

    International Financial Reporting Standards.

    Note: the mark allocation is shown against each of the three items above.


    正确答案：
    (a)Therearefourelementstotheassistant’sdefinitionofanon-currentassetandheissubstantiallyincorrectinrespectofallofthem.Thetermnon-currentassetswillnormallyincludeintangibleassetsandcertaininvestments;theuseoftheterm‘physicalasset’wouldbespecifictotangibleassetsonly.Whilstitisusuallythecasethatnon-currentassetsareofrelativelyhighvaluethisisnotadefiningaspect.Awastepaperbinmayexhibitthecharacteristicsofanon-currentasset,butonthegroundsofmaterialityitisunlikelytobetreatedassuch.Furthermorethepastcostofanassetmaybeirrelevant;nomatterhowmuchanassethascost,itistheexpectationoffutureeconomicbenefitsflowingfromaresource(normallyintheform.offuturecashinflows)thatdefinesanassetaccordingtotheIASB’sFrameworkforthepreparationandpresentationoffinancialstatements.Theconceptofownershipisnolongeracriticalaspectofthedefinitionofanasset.Itisprobablythecasethatmostnoncurrentassetsinanentity’sstatementoffinancialpositionareownedbytheentity;however,itistheabilityto‘control’assets(includingpreventingothersfromhavingaccesstothem)thatisnowadefiningfeature.Forexample:thisisanimportantcharacteristicintreatingafinanceleaseasanassetofthelesseeratherthanthelessor.Itisalsotruethatmostnon-currentassetswillbeusedbyanentityformorethanoneyearandapartofthedefinitionofproperty,plantandequipmentinIAS16Property,plantandequipmentreferstoanexpectationofuseinmorethanoneperiod,butthisisnotnecessarilyalwaysthecase.Itmaybethatanon-currentassetisacquiredwhichprovesunsuitablefortheentity’sintendeduseorisdamagedinanaccident.Inthesecircumstancesassetsmaynothavebeenusedforlongerthanayear,butneverthelesstheywerereportedasnon-currentsduringthetimetheywereinuse.Anon-currentassetmaybewithinayearoftheendofitsusefullifebut(unlessasaleagreementhasbeenreachedunderIFRS5Non-currentassetsheldforsaleanddiscontinuedoperations)wouldstillbereportedasanon-currentassetifitwasstillgivingeconomicbenefits.Anotherdefiningaspectofnon-currentassetsistheirintendedusei.e.heldforcontinuinguseintheproduction,supplyofgoodsorservices,forrentaltoothersorforadministrativepurposes.(b)(i)TheexpenditureonthetrainingcoursesmayexhibitthecharacteristicsofanassetinthattheyhaveandwillcontinuetobringfutureeconomicbenefitsbywayofincreasedefficiencyandcostsavingstoDarby.However,theexpenditurecannotberecognisedasanassetonthestatementoffinancialpositionandmustbechargedasanexpenseasthecostisincurred.Themainreasonforthislieswiththeissueof’control’;itisDarby’semployeesthathavethe‘skills’providedbythecourses,buttheemployeescanleavethecompanyandtaketheirskillswiththemor,throughaccidentorinjury,maybedeprivedofthoseskills.AlsothecapitalisationofstafftrainingcostsisspecificallyprohibitedunderInternationalFinancialReportingStandards(specificallyIAS38Intangibleassets).(ii)Thequestionspecificallystatesthatthecostsincurredtodateonthedevelopmentofthenewprocessorchipareresearchcosts.IAS38statesthatresearchcostsmustbeexpensed.Thisismainlybecauseresearchistherelativelyearlystageofanewprojectandanyfuturebenefitsaresofarinthefuturethattheycannotbeconsideredtomeetthedefinitionofanasset(probablefutureeconomicbenefits),despitethegoodrecordofsuccessinthepastwithsimilarprojects.Althoughtheworkontheautomaticvehiclebrakingsystemisstillattheresearchstage,thisisdifferentinnaturefromthepreviousexampleastheworkhasbeencommissionedbyacustomer,Assuch,fromtheperspectiveofDarby,itisworkinprogress(acurrentasset)andshouldnotbewrittenoffasanexpense.Anoteofcautionshouldbeaddedhereinthatthequestionsaysthatthesuccessoftheprojectisuncertainwhichpresumablymeansitmaynotbecompleted.ThisdoesnotmeanthatDarbywillnotreceivepaymentfortheworkithascarriedout,butitshouldbecheckedtothecontracttoensurethattheamountithasspenttodate($2·4million)willberecoverable.Intheeventthatsay,forexample,thecontractstatedthatonly$2millionwouldbeallowedforresearchcosts,thiswouldplacealimitonhowmuchDarbycouldtreatasworkinprogress.Ifthiswerethecasethen,forthisexample,Darbywouldhavetoexpense$400,000andtreatonly$2millionasworkinprogress.(iii)Thequestionsuggeststhecorrecttreatmentforthiskindofcontractistotreatthecostsoftheinstallationasanon-currentassetand(presumably)depreciateitoveritsexpectedlifeof(atleast)threeyearsfromwhenitbecomesavailableforuse.Inthiscasetheassetwillnotcomeintouseuntilthenextfinancialyear/reportingperiodandnodepreciationneedstobeprovidedat30September2009.Thecapitalisedcoststodateof$58,000shouldonlybewrittendownifthereisevidencethattheassethasbecomeimpaired.Impairmentoccurswheretherecoverableamountofanassetislessthanitscarryingamount.Theassistantappearstobelievethattherecoverableamountisthefutureprofit,whereas(inthiscase)itisthefuture(net)cashinflows.Thusanyimpairmenttestat30September2009shouldcomparethecarryingamountof$58,000withtheexpectednetcashflowfromthesystemof$98,000($50,000perannumforthreeyearslessfuturecashoutflowstocompletiontheinstallationof$52,000(seenotebelow)).Asthefuturenetcashflowsareinexcessofthecarryingamount,theassetisnotimpairedanditshouldnotbewrittendownbutshownasanon-currentasset(underconstruction)atcostof$58,000.Note:asthecontractisexpectedtomakeaprofitof$40,000onincomeof$150,000,thetotalcostsmustbe$110,000,withcoststodateat$58,000thisleavescompletioncostsof$52,000.

  • 第3题：

    hen is the last day to apply for the position with the General Foods Company?

    A.September 3
    B.September 24
    C.September 30
    D.October 3

    答案：C
    解析：
    由招聘广告中的相关内容可知。投递简历的截止日期为9月30日。答案为C。

  • 第4题：

    24．_______is Teachers Day．

    A． September 10th

    B． September 9th

    C． September Ist

    D． 10th September


    正确答案：A
    24．A【解析】9月10口是教师节。

  • 第5题：

    C

    Atnineo'clockintheeveningon15September,1961,MrandMrsHillweredrivingalongMotorway3(3号高速公路)whentheysawaspaceship.

    TheydroveontoSandfield,thenexttown.Theygottherethenextmorning.MrHilllookedathiswatch.

    "Whydidittakeussolong?"heasked."Threehundredandfourkilometresinsevenhours?"

    MrsHillwentwhiteintheface."Somethingisstrange,"shesaid."ButIcan'trememberanything."

    Later,withthehelpof,adoctor,theyrememberedeverything.Aftertheysawthespaceship,theygotoutoftheircarand

    thenthey"lost"severalhours.

    Theyrememberedtheyhearda"bleep,bleep"noisefromthespaceship.Whentheytriedtorunbacktotheircar,there

    werethreealiens(外星人)betweenthemandtheircar.

    Thealienstookthemtotheirspaceship.TheyaskedthemquestionsaboutthefoodanddrinkonEarth.Theywer

    everyinterestedinMrHill'steethbecausehisteethcouldcomeout!

    Finally,thealienstookthembacktotheircarandthespaceshipflewaway.

    46.WhattimedoyouthinktheHillsarrivedatSandfield?

    A.At4a.m.on15September

    .B.At4a.m.on16September.

    C.At6a.m.on15September.

    D.At6a.m.on16September.


    正确答案：B

  • 第6题：

    日期的写法较灵活，如2018年9月8日，可以写成September 8, 2018或8 September 2018.


    正确

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