Đề ôn thi TACN 2 có đáp án HVTC

GROUPcO Copyright to Trang Huyen 1 ĐỀ 1 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 prac.

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Copyright to Trang Huyen

ĐỀ 1

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

6 ……… 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

7 ………… 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

8 ………… 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

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II Read the following passage and mark the letter A, B, C, or D on your answer sheet

to indicate the correct answer to each of the questions:

The World Trade Organization (WTO) has 150 member countries They are looking to improve trade Trade means the buying and selling goods The WTO provides a place where these countries can talk about what they need The goal of the WTO is to make trade grow by removing legal barriers between countries

The WTO helps trade in several ways First, it asks countries to treat each other equally They should not give special trade deals to one country and not to another Also, these countries should not try to stop foreign products from any one country The idea is that goods and services should be able to cross borders easily A second way to improve trade

is to lower tariffs These are special taxes for things bought and sold A third way to strengthen trade is to make sure that the rules will stay the same In order for people to invest their money, they need to feel secure for the future A fourth way is to allow

greater competitions between countries The central belief is that competitions make for a stronger economy The last way to improve trade is to help countries that are poor The need help coming up to the level of modem countries They can be helped by allowing them extra time to get their systems in order They can be given priority in making deals with other countries

Free and easy trade is the WTO’s goal It supports rich countries and helps poor ones get ahead It is one way of improving the lives of more people in the world It asks countries

to make laws that help this process Every year, more countries apply to be in the WTO They see membership as a good thing

1 According to the passage, all of the following are true EXCEPT

A WTO wants to make trade better

B Trade means the buying and selling of goods

C Poor countries are not given priority

D The WTO wants to improve trade by lowering taxes

2 It can be inferred from the passage that_

A Few countries want to become a member of the WTO

B The WTO is a multi-national organization

C The WTO helps remove political barriers between countries

D The WTO’s goal is to trade with other organizations

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3 The word “barriers” in paragraph 1 is closest in meaning to _

A Borders B Bans C Documents D Obstacles

4 The word “tariffs” in paragraph 2 is closest in meaning to

A Expenses B Incomes C Goods D Taxes

5 Which of the following does NOT support the idea that the WTO provides a way

for countries to improve trade?

A Countries should allow goods and services to cross borders easily

B Countries should be fair to one another and help poor members

C Countries should allow time to raise taxes.

D Countries should lower tariffs and make investors feel secure

III Make up sentences

1 Corporate finance/ be/ broad term/ use/ collectively identify/ various financial

3 Marketing concept/ have to/ understand/ throughout/ company./ production

department/ as much /in/marketing department itself

They will usually

Principal functions of financial management are to provide the correct amount of working capital at the right time and in the right place to realize the greatest return on investment

Price still remains one of the most important elements determining the company market share and profitability

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IV Answer the questions:

1 What are three common financial statements?

2 What do internal auditors do?

V Match the terms with the definition:

1 Venture capital A A situation in which the value of goods a country

imports is greaer than the value of goods it exports

2 Trade deficit

B The actions of government to help its country’s trade or

industry by imposing tax on goods bought from other countries

3 Financial

Acounting

C Selling on a foreign market at a price below the cost of

production

4 Dumping D.A mathematical relation between one quantity and

another

5 Exchange rate E Money that is invested or is available for investment in a

new company, especially one that invloves risk

6 Cost accouting F The ratio at which a unit of the currency of one country

can be exchanged for that of another country

7 Deviation

G A type of accounting that deals with providing financial

reports about a company’s profits, debts, cash flow so that investors, banks can measure the company’s performance

8 Protectionism H.A limit on the amounts of goods which can be imported

or exported or limitation on the quantity

9 Quota

I The process in which all the costs of a business activity or

production process are examined in order to help managers decide how to make profits or save money

They are the balance sheet, the income statements and the statement of cash flows

They continously review operating procedures and finacial records, report to management

on the current state of the company’s fiscal affairs Beside, they also make suggestions to management for improvements in the standard operating procedures, check the

accounting records in the regard to completeness and accuracy In addition, they making sure that irregularities are corrected and seek to ensure that the various departments of the company follows the policies and proccedures established by management

E

A

G

C

F

I

B

H

K

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10 Ratio

K.The act of moving away form what is normail or

acceptable, a difference from what is excepted or acceptable

VI Translate into Vietnamese:

1 One of the core functions of responsible corporate finance is to make wise use of the

financial resources available to the company

->

2 A financial leverage ratio provides information on the degree of a company’s fixed

financing obligations and ít ability to satisfy these financing obligations

VII Translate into English:

1 Kiểm toán là một chức năng kế toán mà liên quan đến việc xem xét và đánh giá lại báo

cáo tài chính

->

2 Thông tin kế toán tài chính cũng được sử dụng với nhiều mục đích khác nhau mà

thường được gọi là “ mục đích chung” thông tin kế toán

->

3 Trợ cấp là một công cụ khác trong những rào cản thương mại phổ biến, và thường

được thiết lập để bảo vệ các ngành công nghiệp trong nước

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KEY

I Choose the best option for each question:

1 D 2 A 3 B 4 A 5 B 6 C 7 D 8 B 9 D 10 D

II Read the following passage and mark the letter A, B, C, or D on your answer sheet

to indicate the correct answer to each of the questions:

1 C 2 B 3.D 4.D 5 C

III Make up sentences:

1 Corporate finance is a broad term that is used to collectively identify the various

financial dealings undertaken by a corporation

2 They will usually secure their debt over the fixed assets of the business and of

course,intersest must be paid, usually linked to bank base rate

3 The marketing concept has to understood throughout the company, in the production department as much in the marketing department itself

4 One of the functions of financial management is to provide the correct amount of

working capital at the right time and in the right place to realize the greatest return on investment

5 Price still remains one of the most important elements determining company market share and profitability

IV Answer the questions:

1.What are three common financial statements?

- Three common financial statements are the balance sheet, the income statement and the statement of

changes in financial position (the cash flow statement)

+ The balance sheet shows the company’s financial situation on a particular date It lists the company’s

assets, its liabilities and shareholder’s funds

+ The income statement show earnings and expenditures It usually gives figures for total sales or tunover

and cost and overhead

+ The cash slow statements show the flow cash in and out of the business between

balance sheet date

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2 What do internal auditors do?

- They:

+ continously review operating procedures and finacial records

+ report to management on the current state of the company’s fiscal affairs

+ also make suggestions to management for improvements in the standard operating procedures

+ check the accounting records in the regard to completeness and accuracy

+ making sure that irregularities are corrected

+ seek to ensure that the various departments of the company follows the policies and proccedures established by management

V Match the terms with the definition:

1.E 2.A 3.G 4.C 5.F 6.I 7.K 8.B 9.H 10.D

VI Translate into Vietnamese:

1 Một trong chức năng cơ bản của trách nhiệm tài chính doanh nghiệp là để sử dụng 1 cách khôn khéo nguồn lực tài chính có sẵn của công ty

2 Hệ số đòn bẩy tài chính cung cấp thông tin về mức độ nghĩa vụ nợ tài chính cố định của một doanh nghiệp và khả năng đáp ứng nghĩa vụ này

3 Một doanh nghiệp hệ thống kiểm soát nội bộ vì nó phù hợp với hoạt động có hiệu quả

VII Translate into English:

1 Auditing is an accounting function that involves the review and evaluation of financial records

2 Financial accounting information also is used for so many different purposes that is often is called “ general purpose “ accounting information

3 Subsidies are another of the common trade barriers , and are often placed to protect domestic industries

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ĐỀ 2

I Choose the best answer:

1 All nation use some kinds of trade barriers for their own………

2…… is an accounting function that involves the review and evaluation of finacial

records

3…… are used to prevent the import or export of anything with another country

4 Bookkeeping is a process of detailed ……… of all the financial transactions of a business

5 All information contained in this report is………… and remains the property of the company

6 Consumers will get ……….of 8% off phone bills from May

A Price cut B Price controls C Price tag D Price war

7…… in a marketing mix includes such factors as distribution channels, locations of points of sale, transport, inventory size, ect

8 A tariff increases the price of the item, raise ……….for the government and controls consumption through market force

9 The practice of selling foreign imports in the domestic economy at priceslower than the actual cost of production is called………

10 What is the mean “sum of money owed to customers for goods or services purchased

on credit”?

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II Read the paragraph and choose the best answer:

The foreign exchange market is the market in which participant are able to buy, sell, exchange and speculate on currencies Foreign exchange markets are made up of banks, commercial companies, central banks investment management firms, hedge funds, and retail forex brokers and investors The forex market is considered the largest financial market in the world

The foreign exchange market-also called forex, FX, or currency market- trades

currencies Aside from providing a floor for the buying selling, exchanging and

speculation of currencies, the forex market also enables currency conversion for

international trade and investments The forex market has unique characteristics and properties that make it an attractive market for investors who want to optimize their

profits

The forex market has enticed retail currency traders from all over the world because of its benefits One of the benefits of trading currencies is it massive trading volume, which covers the largest asset class globally This means that currency traders are provided with high liquidity

In the forex market, as one major forex market closes, one in another part of the world opens Unlike stocks, the forex market operates 24 hours daily except on weekends Traders find this as one of the most compelling reasons to choose forex, since it provides convenient opportunities for those who are in school or work during regular work days and hours

1 What is the foreign exchange market?

A The foreign exchange market is the market in which participants are able to buy, sell, exchange and speculate on currencies

B The foreign exchange market is a global decentralized market

C A&B

D The foreign exchange market is not over-the-counter market

2 What do the participants in the foreign exchange market include?

A Banks and commercial companies

B Central bank, retail forex brokers and investors

C Investment management firms and hedge funds

D All of the above

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3 When does the foreign exchange market operates?

A 24 hours daily

B 8 hours daily

C The last day of the month

D 24 hours daily except on weekends

4 According to you, where is the largest foreign exchange market?

III Make up complete sentences using the words or phrases given

1 Accounts/ use/ describe/ finance/ position/ entity’s financial resources and obligations/ one point in time

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4 Amount/ money/ go/ in/ out/ country / refer/ balance/ pay

c trade restrictions to benefit domestic producers

4 Protectionism d someone who contacts existing and potential customers, and

tries to persuade them to buy goods or services

5.bargain e diving a market to distinct groups of buyers who have

different requirements or buying habits

6 Free market f an accounting function that involves the review and

evaluation of financial records

7 sales

representative

g keeping financial records and preparing financial statements

8.inventory h without government restrictions regulating trade

9 product concept i the amount or value of a firm’s current assets that consist of

raw material, work in progress, and finishes goods 10.auditing k an idea for a new product, which is tested with target

consumers before the actual product is developed

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V Answer questions

1 What does the term “ corporate finance” refer to?

………

2 How might underdeveloped countries benefit from international trade? ………

………

VI E-V translation 1 Many companies do not handle pricing well The common mistakes are: pricing is too cost oriented, price is not revised often enough capitalize on market changes, price is set independently of the rest of the marketing mix rather than as an intrinsic element of market-positioning strategy, and price is not varied enough for different product items and market segments

2 Although tax information important for a company's successful operation and is related to financial and management accounting information, it results from a different system and complies with specialized legal requirements that relate to a company's responsibility to pay appropriate amount of taxes

3 Sources of funds include trading profits, depreciation provisions, sales of assets, borrowing, and the issuing of share

Corporate finance refers to the financial decisions of companí:how to best raise and spend their funds.

Nhiu công ty cha x lý tt vic nh giá Các li thng gp là vic nh giá vt quá chi phí giá, giá c

không cp nht thng xuyên vi nhng thay i ca th trng, giá c thit lp c lp vi phn còn li ca tip th hn

hp hn là mt yu tô ni ti ca chin lc nh v th trng , giá không a dng vi các mt hàng khác nhau và phân khúc th trng

Mc dù thông tin thu quan trng i vi s hot ng thành công ca công ty và có liên quan n thông tin k toán tài chính và k toán qun tr, nhng kt qu ca nó n t các h thng khác nhau và tuân th các yêu cu pháp lý c bit, cái mà liên quan n trách nhim ca công ty trong vic thanh toán thu phù hp

Ngun ca các qu bao gm li nhun thng mi, d phòng khu hao, doanh thu t bán tài

sn, vay mn hoc phát hành c phiu

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VII V-E translation

1 Thông tin kế toán tài chính được thiết kế chủ yếu để hỗ trợ các nhà đầu tư và các

chủ nợ quyết định nơi đặt các nguồn lực đầu tư khan hiếm của họ

3 Mặc dù các rào cản thương mại có thể có lợi cho nền kinh tế trong nước nói

chung, nhưng các rào cản này có xu hướng có lợi nhất, và do đó thường được các doanh nghiệp trong nước thúc đẩy khi đối mặt với sự cạnh tranh từ hàng nhập

khẩu nước ngoài

Thị trường ngoại hối là thị trường mà người tham gia có thể mua, bán, trao đổi

và đầu cơ về tiền tệ Thị trường ngoại hối bao gồm các ngân hàng, công ty thương mại, công ty quản lý đầu tư của ngân hàng trung ương, quỹ đầu cơ, nhà môi giới ngoại hối bán lẻ và nhà đầu tư Thị trường ngoại hối được coi là thị trường tài chính lớn nhất trên thế giới

Thị trường ngoại hối - còn được gọi là forex, FX, hoặc thị trường tiền tệ - giao dịch tiền tệ Ngoài việc cung cấp một sàn giao dịch mua bán, trao đổi và đầu

cơ tiền tệ, thị trường ngoại hối còn cho phép chuyển đổi tiền tệ cho thương mại và đầu tư quốc tế Thị trường ngoại hối có những đặc điểm và tính chất

Financial accounting information is designed primarily to assist investors and debtors in decising where to place their scarce resource

If transportation costs increase or currency exchange rates change, it may

become cheaper to produce the product in the marketing country, especially

if large amounts of exports are involved

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độc đáo khiến nó trở thành thị trường hấp dẫn cho các nhà đầu tư muốn tối ưu hóa lợi nhuận của họ

Thị trường ngoại hối đã thu hút các nhà giao dịch tiền tệ bán lẻ từ khắp nơi trên thế giới vì những lợi ích của nó Một trong những lợi ích của việc giao dịch tiền tệ là khối lượng giao dịch khổng lồ, bao gồm loại tài sản lớn nhất trên toàn cầu Điều này có nghĩa là các nhà giao dịch tiền tệ được cung cấp tính thanh khoản cao

Trong thị trường ngoại hối, khi một thị trường ngoại hối lớn đóng cửa, thì một thị trường ngoại hối khác của thế giới sẽ mở ra Không giống như chứng khoán, thị trường ngoại hối hoạt động 24 giờ hàng ngày trừ những ngày cuối tuần Các nhà giao dịch nhận thấy đây là một trong những lý do thuyết phục nhất để chọn forex, vì nó mang lại cơ hội thuận tiện cho những ai đang đi học hoặc đi làm trong những ngày và giờ làm việc bình thường

1-A 2-D 3-D 4-B 5-A III

1 Accountants use the tern finance position to describe an entity’s financial resources and obligations at one point in time

2 Price still remain one of the most important elements determining company market share and profitability

3 Small companies , price are often set by top management rather than by the marketing or sales department

4 The amount of money that goes in and out of a country is refereed to as the balance of payments

5 There are two form of import tariffs specific and ad valorem

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VI

1 Many companies do not handle pricing well The common mistakes are: pricing

is too cost oriented, price is not revised often enoug capitalize on market changes, price is set independently of the rest of the marketing mix rather than

as an intrinsic element of market-positioning strategy, and price is not varied enough for different product items and market segments

 Nhiều công ty không xử lý tốt việc định giá Những sai lầm phổ biến là: định

giá quá theo định hướng chi phí, giá không được sửa đổi thường xuyên tận dụng những thay đổi của thị trường, giá được đặt độc lập với phần còn lại của marketing mix hơn là một yếu tô nội tại của chiến lược định vị thị trường

và giá cả không đủ đa dạng cho các mặt hàng khác nhau và phân khúc thị trường khác nhau

2 Although tax information important for a company's successful operation and is related to financial and management accounting information, it results from a different system and complies with specialized legal requirements that relate to

a company's responsibility to pay appropriate amount of taxes

 Mặc dù thông tin thuế quan trọng đối với hoạt động thành công của một công

ty và có liên quan đến thông tin kế toán quản lý và tài chính, nhưng thông tin này là kết quả của một hệ thống khác và tuân thủ các yêu cầu pháp lý chuyên biệt liên quan đến trách nhiệm nộp thuế thích hợp của công ty

3 Sources of funds include trading profits, depreciation provisions, sales of assets, borrowing, and the issuing of share

 Các nguồn của quỹ bao gồm lợi nhuận kinh doanh, dự phòng giảm giá,

doanh thu từ thanh lý tài sản cố định, vay nợ và phát hành cổ phiếu

VII

1 Thông tin kế toán tài chính được thiết kế chủ yếu để hỗ trợ các nhà đầu tư và các chủ nợ quyết định nơi đặt các nguồn lực đầu tư khan hiếm của họ

 Financial accounting information is designed primarily to assist investors

and creditors in deciding where to place their scarce investment resources

2 Nếu chi phí vận chuyển tăng, hoặc tỷ giá hối đoái thay đổi, thì việc sản xuất sản phẩm ở nước tiếp thị có thể trở nên rẻ hơn, đặc biệt nếu có liên quan đến lượng lớn hàng xuất khẩu

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 If transportation costs increase or currency exchange rates change, it may

become cheaper to produce the product in the marketing country, especially

if large amounts of exports are involved

3 Mặc dù các rào cản thương mại có thể có lợi cho nền kinh tế trong nước nói chung, nhưng các rào cản này có xu hướng có lợi nhất, và do đó thường được các doanh nghiệp trong nước thúc đẩy khi đối mặt với sự cạnh tranh từ hàng nhập khẩu nước ngoài

 While trade barriers can be beneficial to the aggregate domestic economy

they tend to be most beneficial, and thus most commonly promoted by domestic firms facing competition from foreign imports

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ĐỀ 3

I Choose the best answer

1 If a company gains a listing on the …, this will provide the long-term opportunity

of raising capital by issuing fresh shares

4 What is NOT one of six aspects of operating performance and financial condition

we can evaluate from financial ratios?

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6 In order to import and export products, there needs to be a system of international monetary …

A Trade barriers

B Trade surpluses

C Trade deficits

D Balance of payments

10 The widest measure of a country's trade is called its …

A merchandise trade balance

B the current account

C balance of payments

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II Read the paragraph below and answer the questions

Just like any business, a country has to keep track of its inflow and outflow of goods, services, and payments At the end of any given period, each country has to look at its

"bottom line" and add up its international trade and investments in one way or another

The narrowest measure of a country's trade, the merchandise trade balance, looks only

at "visible" goods such as videocassette recorders, wine, and motorcycles Trade in visible goods is commonly referred to as the trade balance even though it includes only those tangible goods that can actually be loaded on a ship, airplane, or whatever means of transport to move goods from one country to another

The current account is a better measure of trade, because it includes a country’s

exports and imports of services, in addition to its visible trade It may not be obvious, but many countries make a lot of money exporting "invisibles" such as banking,

accounting, and tourism A tourist abroad, for example, "buys" hotel and restaurant services in the same way as a consumer at home would buy an imported appliance Movies and banking services have to be paid for just like bags of rice

The current account tells us which countries have been profitable traders, running a current account surplus with money in the bank at the end of the year, and which tries have been unprofitable traders, having imported more than they've exported, running a current account deficit, or spending more than they're earned

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3 What does the merchandise trade balance look at?

III Use the suggested words to make complete sentences

1 difference./ surpluses/ up/ balanced/ by/ up/ that/ Trade/ make/ deficits/ the/ and/ are/ payments/

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4 equity/The/ capital./ of/ is/ first/ owner’s/ form/

………

5 maintain/ need/ if/ to/ profit./ they/ a/ out/ find/ financial/ records/ in order to/ are/ businesses/ making/ All/ ………

………

IV Answer the questions 1 What are six aspects of operating performance and financial condition we can evaluate from financial ratio? ………

………

2 What do we need to understand and use accounting information in making economic decisions? ………

………

The first form of equity is owner's capital.

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V Match

1 Auditor A Excess of expenses over income or liabilities over assets or amount

by which expenditure is higher than income

2 Deficit B A relationship between two quantities, normally expressed as the

quotient of one divided by the other

3 Surplus C Debt paying ability

4 Liquidity D Extent to which generation of goods, services, and resources (such

as capital) exceeds their consumption

5 Ratio E A person who officially examines the business and financial records

of a company

VI Translate into Vietnamese

1 The annual report comprises the income statement, the balance sheet and the

statement of cash flows, as well as footnotes to these statements

………

2 Trade in visible goods is commonly referred to as the trade balance even though it

includes only those tangible goods that can actually be loaded on a ship, airplane, or

whatever means of transport to move goods from one country to another

………

3 While trade barriers can be beneficial to the aggregate domestic economy they

tend to be most beneficial, and thus most commonly promoted by domestic firms

facing competition from foreign imports

Giao dch hàng hóa hu hình thng liên quan n cán cân thng mi mc dù nó ch bao

gm các hàng hóa hu hình, cái mà có th c vn chuyn trên tàu, máy bay hoc bt c phng tin vn ti nào khác chuyn hàng hóa t quc gia này ti quc gia khác

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VII Translate into English

1 Tuy nhiên, trong thời kì hiện đại, mặc dù là một công cụ mang tính tàn bạo nhất trong các rào cản thương mại, nó thường không được xem như là một hành động cho

sự xâm lấn hoàn toàn, mặc dù một lời tuyên chiến thường đi kèm với một lệnh cấm vận

3 Tỷ số tài chính là sự so sánh giữa một thông tin tài chính này và một thông tin tài chính khác

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KEYS

I Choose the best answer

II Read the paragraph below and answer the questions

1 What is ‘bottom line’ in the first paragraph refer to?

“bottom line” is understood as the profit of the money that a business make profit

or make a loss

2 What is the narrowest measure of a country’s trade?

The merchandise trade balance

3 What does the merchandise trade balance look at?

"visible" goods such as videocassette recorders, wine, and motorcycles

4 Why is the current account a better measure of trade?

Because it includes a country’s exports and imports of services, in addition to its visible trade

5 What does the current account tell us?

The current account tells us which countries have been profitable traders, running a current account surplus with money in the bank at the end of the year, and which tries have been unprofitable traders, having imported more than they've exported, running a current account deficit, or spending more than they're earned

I Use the suggested words to make complete sentences

1 difference./ surpluses/ up/ balanced/ by/ up/ that/ Trade/ make/ deficits/ the/ and/ are/ payments/

Trade deficits and surpluses are balanced by payments that make up the difference (U30)

2 marketing./ now/ management/ marketing/ Most/ writers/ and/ distinguish/ selling/ between/ and/

Most management and marketing writers now distinguish between selling and

marketing (U19)

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3 finance/ may/ many/ the/ company./ aspects/ the/ different/ take/ finance/ overall/ on/ as/ part/ of/ Corporate/ management/ of/ of/

Corporate finance may take on many different aspects as part of overall

management of the finance of the company (U16)

4 equity/The/ capital./ of/ is/ first/ owner’s/ form/

The first form of equity is owner’s capital (U17)

5 maintain/ need/ if/ to/ profit./ they/ a/ out/ find/ financial/ records/ in order to/ are/ businesses/ making/ All/

All businesses need to maintain financial records in order to find out if they are making a profit (U22)

II Answer the questions

1 What are six aspects of operating performance and financial condition we can evaluate from financial ratio?

• A liquidity ratio provides information on a company’s ability to meet its term, immediate obligations

short-• A profitability ratio provides information on the amount of income from each dollar of sales

• An activity ratio relates information on a company’s ability to manage its resources ( that is, its assets) efficiently

• A financial leverage ratio provides information on the degree of a company’s fixed financing obligations and its ability to satisfy these financing obligations

• A shareholder ratio describes the company’s financial condition in terms of amounts per share of stock

• A return on investment ratio provides information on the amount of profit, relative to the assets employed to produce that profit

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2 What do we need to understand and use accounting information in making economic decisions?

To understand and use accounting information in making economic decisions, you need to understand the following:

• The nature of economic activities that accounting information describes

• The assumptions and measurement techniques involved in developing accounting information

• The information that is most relevant for making various types of decisions

III Match

1-E 2-A 3-D 4-C 5-B

IV Translate into Vietnamese

1 The annual report comprises the income statement, the balance sheet and the statement of cash flows, as well as footnotes to these statements

Báo cáo tài chính thường niên bao gồm: báo cáo kết quả hoạt động kinh doanh, bảng cân đối kế toán, lưu chuyển tiền tệ và thuyết minh báo cáo tài chính

2 Trade in visible goods is commonly referred to as the trade balance even though it includes only those tangible goods that can actually be loaded on a ship, airplane,

or whatever means of transport to move goods from one country to another

Thương mại hàng hóa hữu hình thường được gọi là cán cân thương mại mặc dù nó chỉ bao gồm những hàng hóa hữu hình thực sự có thể được xếp lên tàu, máy bay hoặc bất kỳ phương tiện vận tải nào để chuyển hàng hóa từ nước này sang nước khác

3 While trade barriers can be beneficial to the aggregate domestic economy they tend

to be most beneficial, and thus most commonly promoted by domestic firms facing competition from foreign imports

Mặc dù các rào cản thương mại có thể có lợi cho nền kinh tế tổng hợp trong nước, chúng có xu hướng có lợi nhất, và do đó thường được thúc đẩy phần lớn bởi các doanh nghiệp trong nước những doanh nghiệp mà đang đối mặt với sự cạnh tranh

từ nhập khẩu nước ngoài

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V Translate into English

1 Tuy nhiên, trong thời kì hiện đại, mặc dù là một công cụ mang tính tàn bạo nhất trong các rào cản thương mại, nó thường không được xem như là một hành động cho sự xâm lấn hoàn toàn, mặc dù một lời tuyên chiến thường đi kèm với một lệnh cấm vận

In modern times, however, although the most brutal of the trade barriers, it is

usually not viewed as an act of outright aggression, although a declaration of war is often accompanied by an embargo

2 Một quốc gia mà đang thâm hụt tài khoản vãng lai phải đi tìm những khoản cho vay hoặc những khoản đầu tư ở các nước khác hoặc bắt buộc phải trích lập dự trữ để trả cho các lượng nhập khẩu quá mức của mình

A country running a current account deficit has to look abroad for loans or

investments or be forced to dip into its own reserves to pay for its excessive

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ĐỀ 4

I Choose the correct answer (A,B,C and D)

1 What does corporate finance include?

A Planning, raising, distributing and investing of finance

B Planning, raising, investing and monitoring of finance

C Raising, funding, investing and monitoring of finance

D Planning, raising, funding and investing of finance

2 Which is one of the most common mistakes in setting the price in many

companies?

A Pricing is partly cost oriented

B Price is revised often enough to capitalize on market changes

C Price is set independently of the rest of the marketing mix rather than as an intrinsic element of market-positioning strategy

D Price is varied enough forr different product items and market segments

3 What factors are included in promotion?

A Advertising, discounts, sales promotion and personal selling

B Product, place, promotion and price

C Price, advertising, personal selling, publicty

D Advertising, publicity, sales promotion and personal selling

4 For what purposes isn’t management acounting information used?

A For setting the company’s overall goals

B For evaluating the performance of departments and individuals

C For deciding whether to introduce a new line of products

D For assisting investors and cresitors in deciding where to place their scarce investment resources

5 Which financial quantities does gearing show the relationship between?

A Equity capital and short-term debt

B Equity capital and long-term debt

C Equity capital and total assets

D Long-term debt and total assets

6 By construction, ratios can be classified into:

A Coverage ratio, return ratio, turnover ratio and component percentage

B Coverage ratio, profitability ratio, turnover ratio, component percentage

C Liquidity ratio, return ratio, leverage ratio and component percentage

1-C 2-C 3-D 4-D 5-B

6-A 7-C 8-D 9-B 10-A

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D Coverage ratio, return ratio, turnover ratio and leverage ratio

7 What weakness exists in the internal auditing system?

A The internal auditors don’t often identify errors in their financial statements

B The internal auditors can’t make suggestions to management for improvements

in the standard operating procedures

C If a report is unfavorable, it may not be shown to the person in management wwho can correct the problem

D All three answers above are wrong

8 The sources of data being available for financial analysis is:

A Financial statement data

B Economic data such as the Gross Domestic Product and Consumer Price Index

C Marrket data such as the market prices of securities off publicly traded

corporations

D All of the above

9 What are includes in inventories of company?

A Raw materials, production tools, working in progress and finished goods

B Raw materials, working in progress and finished goods

C Materials, merchandise, finished goods

D Raw material, wworking in progress and products

10 The price of imported goods is added with:

A Tariff

B Taxes

C Non-tariffs

D Quotas

II Reading the paragraph and choose the besst answer

The four Ps classification for developing an effective marketing strategy was first

introduced in 1960 by marketing professor and author E Jerome McCarthy.1 Depending

on the industry and the target of the marketing plan, marketing managers may take

various approaches to each of the four Ps Each element can be examined independently, but in practice, they often are dependent on one another

Product

This represents an item or service designed to satisfy customer needs and wants To effectively market a product or service, it's important to identify what differentiates it

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from competing products or services It's also important to determine if other products or services can be marketed in conjunction with it

Price

The sale price of the product reflects what consumers are willing to pay for it Marketing professionals need to consider costs related to research and development, manufacturing, marketing, and distribution—otherwise known as cost-based pricing Pricing based

primarily on consumers' perceived quality or value is known as value-based pricing

Placement

The type of product sold is important to consider when determining areas of distribution Basic consumer products, such as paper goods, often are readily available in many stores Premium consumer products, however, typically are available only in select stores

Another consideration is whether to place a product in a physical store, online, or both

Promotion

Joint marketing campaigns also are called a promotional mix Activities might include advertising, sales promotion, personal selling, and public relations A key consideration should be for the budget assigned to the marketing mix Marketing professionals carefully construct a message that often incorporates details from the other three Ps when trying to reach their target audience Determination of the best mediums to communicate the

message and decisions about the frequency of the communication also are important

1 What is purpose of the four Ps classification?

A To save costs on implementing marketing strategies

B To develop an effective marketing strategy

C To persuade customers to buy the company’s products

D All of the above

2 Important task in marketing with the first P Product in Marketing mixx is:

A Improve product quanlity

B Identify what differentiates it from competing products on services

C Determine if other products or services can be marketed in conjunction with it

Tiêu đề	Đề ôn thi TACN 2 có đáp án HVTC
Trường học	Học viện Tài chính (Academy of Finance)
Chuyên ngành	Economics and Finance
Thể loại	Đề ôn thi
Thành phố	Hà Nội

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