2021年云南金融英语考试考前冲刺卷.docVIP

云南金融英语考试考前冲刺卷 本卷共分为1大题50小题，作答时间为180分钟，总分100分，60分及格。 严格遵守考试纪律，维护考试秩序！ 一、单项选择题（共50题，每题2分。每题的备选项中，只有一个最符合题意） 1.An analyst does research about operating lease and financial lease. In the later years, reporting a lease as a financial lease rather than an operating lease most likely results in: A. higher net income for the lessee.B. higher total cash flow for the lessee.C. higher working capital for the lessee. 参考答案：A[解析] 从lessee的角度看，capital lease financial lease)和operating lease的对比如下： Item Capital lease (Financial lease) Operating lease NI in early years lower higher NI in later years higher loWer CFO higher lower CFF lower higher Total cash flow same same Working capital lower higher 2.A company reports the following information about its annual percentage changes: ·Revenue increases by 14% ·Receivable increases by 20% ·Inventory increases by 27% This information indicates the company least likely has implemented: A. higher credit standards for customers.B. more aggressive revenue recognition.C. less efficient inventory management. 参考答案：A[解析] 题目中，公司应收账款(receivable)增长的速度比收入(revenue)增长的速度快，说明企业的收入确认方式比较激进，有很多产品出售后并未取得销售回款，同时说明对于客户的信用标准降低，允许客户更多地赊账；而存货(inventory)相对于收入大幅度增加，说明公司没有采取有效的存货管理手段。综上所述，选项B和C都是正确的说法，只有选项A是错误的说法。 3.With respect to accounting equations, which of the following is least accurate A. Ending retained earnings=Beginning retained eamings+Net income-Dividends.B. Ending retained earnings=Beginning retained earnings+RevenuesExpenses-Dividends.C. Assets=Liabilities-Contributed capital+Beginning retained earnings+ Revenues-Expenses-Dividends. 参考答案：C[解析] 选项A和B这两个针对留存收益的公式都是正确的，选项C中正确的表达是Assets= Liabilities+Contributed capital+Beginning retained earnings+Revenues-Expenses-Dividends。 4.An analyst does research about a companys inventory management. The company reports a more inventory turnover ratio than the average for its industry. All else being equal, which of the following statements is m.ost accurate A. This difference is explained by excessive inve