2015会计英语复习题.docVIP

会计英语复习题(开卷) 一、Translate the following paragraph into Chinese （一） ACCOUNTS RECEIVABLE FINANCING应收账款融资 Accounts Receivable Financing is a type of asset-financing arrangement in which a company uses its receivables--which is money owed by customers--as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. The age of the receivables have a large effect on the amount a company will receive. The older the receivables, the less the company can expect. The sale of accounts receivables is called factoring. A financial intermediary that purchases receivables from companies is called factor. 应收账款融资是企业利用应收账款来融资的一种方式，这种方式下，钱仍在顾客的手里，而应收账款则作为一项抵押品在融资协议里。应收账款融资中企业将收到低于抵押的应收款价值的资金。应收账款的账龄对企业收到资金的数额有很大的影响。应收账款的账龄越长，企业收到的资金越少。应收账款的销售叫做保付代理，而从企业购买应收账款的金融中介则叫做代理商。 This type of financing helps companies free up capital that is stuck in accounts receivables. Accounts receivable financing transfers the default risk associated with the accounts receivables to the financing company; this transfer of risk can help the company using the financing to shift focus from trying to collect receivables to current business activities. 这种融资方式帮助企业将陷在应收账款中的资金释放出来，它将与应收账款相连的违约风险转移到了融资公司。这种风险的转移能帮助企业将注意力从收回应收账款转移到当前的经营活动中。 Selling Accounts Receivable应收账款的出售 A business may sell its accounts receivable to a finance company or a bank in order to receive cash earlier than the time the receivables come due. 企业可能会在应收账款到期将其应收账款出售给融资公司或银行，以早日收到现金。 Selling accounts receivable is called factoring; the buyer, who charges a factoring fee, is called a factor. Factoring is becoming increasingly popular for firms with high export sales. 出售应收账款叫做保付代理，而收代理费的卖家则叫做代理商。保付代理在高出口的公司中越来越受欢迎。 Pledging Accounts Receivable应收账款的抵押 A business may use accounts receivable as security to the notes payable it signs when obtaining a bank loan. 企业向银行借贷签署应付票据时可能会用应收账款做为抵押。 The business retains ownership of the receivables, but the bank has a right to c