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    ĐỀ-kiểm tra tacn2 hvtc Học viện tài chính

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    Minh Anh Nguyen
    The document contains a test with multiple choice and true/false questions about accounting, finance, and business concepts. It covers topics like trade barriers, dumping, tariffs, working capital, inventory management, and financial statements. There are questions that require matching terms to definitions, writing sentences using financial terms, answering long questions, and translating between English and Vietnamese.

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    ĐỀ-kiểm tra tacn2 hvtc Học viện tài chính

    Uploaded by

    Minh Anh Nguyen
    290 views7 pages
    The document contains a test with multiple choice and true/false questions about accounting, finance, and business concepts. It covers topics like trade barriers, dumping, tariffs, working capital, inventory management, and financial statements. There are questions that require matching terms to definitions, writing sentences using financial terms, answering long questions, and translating between English and Vietnamese.

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    © © All Rights Reserved

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    The document contains a test with multiple choice and true/false questions about accounting, finance, and business concepts. It covers topics like trade barriers, dumping, tariffs, working capital, inventory management, and financial statements. There are questions that require matching terms to definitions, writing sentences using financial terms, answering long questions, and translating between English and Vietnamese.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    290 views7 pages

    ĐỀ-kiểm tra tacn2 hvtc Học viện tài chính

    Uploaded by

    Minh Anh Nguyen
    The document contains a test with multiple choice and true/false questions about accounting, finance, and business concepts. It covers topics like trade barriers, dumping, tariffs, working capital, inventory management, and financial statements. There are questions that require matching terms to definitions, writing sentences using financial terms, answering long questions, and translating between English and Vietnamese.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7

    TEST 9

    I. Choose the best option for each question

    1. Government-placed restrictions on trade between nations are ………….

    A. Subsidies B. Tariff C. Quota D. Trade barrier

    2. The practice of selling foreign imports in the domestic economy at prices lower
    than the actual cost of production is called ………….

    A. Dumping B. Competing C. Challenging D. Restricting

    3. The price of imported good is added with ………….

    A. Tariff B. Taxes C. Quotas D. Non-tariffs

    4. …………. is a good period for sellers, when prices are rising quickly.

    A. Price boom B. Price cut C. Price hike D. Price leader

    5. ………… is contributed by shareholders who put up money and hold shares in the
    company.

    A. Capital B. Share capital C. Loan capital D. Leverage

    4. ………... calculates how much tax an individual or a company should pay – or


    trying to reduce this figure.

    A. Financial accounting B. Auditing C. Tax accounting D. Management accounting

    6. ………… is one of the major financial statements used by accountants and


    business owners.

    A. The income statement B. The ledger

    C. The journal D. The accounting balance sheet

    7. …………. reviews accounting and financial transactions to determine if


    commitments, authorization, receipt, and disbursement of funds are properly and
    accurately recorded and reported.
    A. Operational audit B. Financial audit

    C. Compliance audit D. Information systems audit

    9. ………….. is a statistical record of all the economic transactions between residents


    of the reporting country and residents of the rest of the world during a given time
    period.

    A. The balance of trade B. Barter or counter-trade

    C. Merchandise trade D. The balance of payments

    10. Most good systems will provide accounting controls against errors, as well as a
    division of duties to reduce the possibility of ………….

    A. Appropriations B. Misappropriation

    C. Disappropriations D. Misappropriations

    II. READING:

    Working capital is a common measure of a company's liquidity, efficiency, and


    overall health. Because it includes cash, inventory, accounts receivable, account
    payable, the portion of debt due within one year, and other short-term accounts, a
    company's working capital reflects the results of a host of company activities,
    including inventory management, debt management, revenue collection, and
    payments to suppliers.

    Positive working capital generally indicates that a company is able to pay off its
    short-term liabilities almost immediately. Negative working capital generally
    indicates a company is unable to do so. This is why analysts are sensitive to decreases
    in working capital, they suggest a company is overleveraged, is struggling to
    maintain or grow sales, is paying bills too quickly or is collecting receivables too
    slowly. Increases in working capital, on the other hands, suggest the opposite. There
    are several ways to evaluate a company's working capital further, include calculating
    the inventory-turnover ratio, the receivables ratio, days payable, the current ratio, and
    the quick ratio.

    One of the most significant uses of working capital is inventory. The longer
    inventory sits on the shelf or in the warehouse, the longer the company's working
    capital is tied up.

    When not managed carefully, business can grow themselves out of cash by
    needing more working capital to fulfill expansion plans than they can generate in
    their current state. This usually occurs when a company has used cash to pay for
    everything, rather than seeking financing that would smooth out the payments and
    make cash available for other uses. As a result, working capital shortages cause many
    businesses to fail even though they may actually turn a profit. The most efficient
    companies invest wisely to avoid these situations.

    Analysts commonly point out that the level and timing of a company's cash flow
    are what really determine whether a company is able to pay its liabilities when due.
    The working capital formula assumes that a company really would liquidate its
    current assets to pay current liabilities. Which is not always realistic considering
    some cash is always needed to meet payroll obligations and maintain operations.
    Further, the working capital formula assumes that accounts receivable are readily
    available for collection, which may not be the case for many companies.

    Questions:

    1. What can we identify based on the working capital?


    A. The company can pay off short-term debt completely
    B. The company has enough raw materials to produce goods
    C. The company can afford to pay short-term debt
    D. Working capital is used to purchase fixed assets.
    2. What happens if there are too much inventories on hand?
    A. To insure the ongoing production
    B. Working capital is stagnant
    C. If you run out of a certain products, you could miss out on potentially
    profitable sales, and this could cause customers to give their business to your
    competitors
    D. The company has to spend more money on maintaining the quality of goods.
    3. How many assumes in working capital formula?

    A. 2

    B.1

    C. 3

    D. 4
    4. To reduce the lack of working capital, what should we do?

    A.Make a loan from bank debentures,...

    B.Issue shares, bonds,

    C.Spend money reasonably

    D.Invest wisely

    5. What does working capital reflect?

    A.Inventory management and payments to suppliers management

    B.Debt

    C. Fixed assets

    D.A and B

    III. Match the terms with the definition: 


    misappropriations fixed capital wastage internal audit market share
    market segments accountant ownership equity financing corporate finance

    a. the fraudulent apporiation of funds of property


    entrusted to your care but actually owned by
    someone else.
    b. the fact that you own something.

    c. an auditor who is an employee of the company


    whose records are audited and who provides
    information to the management and board of
    directors.
    d. issuing additional shares of common stock to an
    investor.
    e. the process of providing companies with money
    to invest in their businesses.
    IV. Make up sentences: 
    1. Corporate finance/ involve/ creating/ managing/ process/ issuing shares/ stock/
    offering/ corporate bonds/ generate resources/ expansion projects.
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………

    2. The task of financial management/be/ see/ generous credit terms/ be/ negotiated/
    suppliers/ but/ minimal credit/ be/ offer/ customers.
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    3. The marketing concept/ be/ that/company’s choice/goods services to offer/ should/
    based/ the goal/ satisfying/customers’ needs.
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    4. The annual report/ comprise/ income/ statement/ balance sheet/ statement of cash
    flow/ as/ footnotes/ these statements.
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    5. Management accounting/ involve/ development/ interpretation/ accounting
    information.
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………

    V. Answer long questions 


    1. What is the term “4Ps” refer to ?
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    2. What is investing the finance?
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    ……………………………………………………………………………………………
    VI. English - Vietnamese Translation
    1. A company should implement as many internal controls as are necessary to ensure
    efficient functioning.
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    2. Under ideal conditions, responsible corporate finance operations encourage the
    prudent use of all financial resources.
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    3. Making sensible use of the company's financial resources is one of the main duties
    of competent corporate finance.
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    VII. Vietnamese - English Translation
    1. Kiểm toán là một phần của lĩnh vực kế toán liên quan đến việc kiểm tra và đánh
    giá lại các báo cáo về tình hình tài chính.
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    2. Quản lý tiền mặt một cách sáng suốt sẽ đảm bảo rằng lượng tiền mặt luôn có sẵn
    để đáp ứng nhu cầu thanh toán các khoản nợ và nó cũng là một khoản dự trữ nhỏ để
    giải quyết trong những trường hợp không mong muốn.
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    3. Tiến hành một cuộc xem xét toàn diện về các giao dịch tài chính đóng vai trò quan
    trọng trong việc đảm bảo tính chính xác và minh bạch trong báo cáo tài chính.
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………
    …………………………………………………………………………………………………

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