普通承兑
有条件承兑
部分承兑
托收承兑
第1题：
(d) Wader has decided to close one of its overseas branches. A board meeting was held on 30 April 2007 when a
detailed formal plan was presented to the board. The plan was formalised and accepted at that meeting. Letters
were sent out to customers, suppliers and workers on 15 May 2007 and meetings were held prior to the year
end to determine the issues involved in the closure. The plan is to be implemented in June 2007. The company
wish to provide $8 million for the restructuring but are unsure as to whether this is permissible. Additionally there
was an issue raised at one of the meetings. The operations of the branch are to be moved to another country
from June 2007 but the operating lease on the present buildings of the branch is non-cancellable and runs for
another two years, until 31 May 2009. The annual rent of the buildings is $150,000 payable in arrears on
31 May and the lessor has offered to take a single payment of $270,000 on 31 May 2008 to settle the
outstanding amount owing and terminate the lease on that date. Wader has additionally obtained permission to
sublet the building at a rental of $100,000 per year, payable in advance on 1 June. The company needs advice
on how to treat the above under IAS37 ‘Provisions, Contingent Liabilities and Contingent Assets’. (7 marks)
Required:
Discuss the accounting treatments of the above items in the financial statements for the year ended 31 May
2007.
Note: a discount rate of 5% should be used where necessary. Candidates should show suitable calculations where
necessary.
(d) A provision under IAS37 ‘Provisions, Contingent Liabilities and Contingent assets’ can only be made in relation to the entity’s
restructuring plans where there is both a detailed formal plan in place and the plans have been announced to those affected.
The plan should identify areas of the business affected, the impact on employees and the likely cost of the restructuring and
the timescale for implementation. There should be a short timescale between communicating the plan and starting to
implement it. A provision should not be recognised until a plan is formalised.
A decision to restructure before the balance sheet date is not sufficient in itself for a provision to be recognised. A formal plan
should be announced prior to the balance sheet date. A constructive obligation should have arisen. It arises where there has
been a detailed formal plan and this has raised a valid expectation in the minds of those affected. The provision should only
include direct expenditure arising from the restructuring. Such amounts do not include costs associated with ongoing business
operations. Costs of retraining staff or relocating continuing staff or marketing or investment in new systems and distribution
networks, are excluded. It seems as though in this case a constructive obligation has arisen as there have been detailed formal
plans approved and communicated thus raising valid expectations. The provision can be allowed subject to the exclusion of
the costs outlined above.
Although executory contracts are outside IAS37, it is permissible to recognise a provision that is onerous. Onerous contracts
can result from restructuring plans or on a stand alone basis. A provision should be made for the best estimate of the excess
unavoidable costs under the onerous contract. This estimate should assess any likely level of future income from new sources.
Thus in this case, the rental income from sub-letting the building should be taken into account. The provision should be
第2题：
听力原文：A cheque is never accepted by the bank on which it is drawn. Hence, the rules relating to acceptance of bills do not apply to cheques.
(9)
A．A cheque can be accepted by the bank on which it is drawn.
B．A bill can not be accepted by the bank on which it is drawn.
C．The rules relating to acceptance of bills are not applicable to cheques.
D．The rules relating to acceptance of bills are applicable to cheques.
第3题：
A.while
B.that
C.which
D.when
第4题：
Effective ()June 1, 2003, all full orders received for six week delivery will be billed.
A、as if
B、as for
C、as of
D、as to
第5题：
A.A Bill of Exchange is payable to Mary or bearer.
B.A Bill of Exchange is payable to bearer.
C.A Bill of Exchange is payable to Mary.
D.A Bill of Exchange is payable to Mary only.
第6题：
听力原文：A bill may be accepted after it has been dishonored by a previous refusal to accept, or by nonpayment.
(8)
A．A bill can not be accepted after it has been dishonored by a previous refusal to accept.
B．If a bill has been dishonored by non-payment, it may not be accepted by another person.
C．If a bill has been dishonored by a previous refusal to accept, it may be accepted by another person.
D．A bill can not be accepted after it has been dishonored by non-payment.
第7题：
What will a foreign seller do when he gets the letter of credit from the buyer?
A．He will draw a bill of exchange on the buyer's bank.
B．He will sell it and get money at once.
C．He will make payable on demand.
D．He will authorize the company to make the payment.
第8题：
(b) (i) Calculate the inheritance tax (IHT) that will be payable if Debbie were to die today (8 June 2005).
Assume that no tax planning measures are taken and that there has been no change in the value of any
of the assets since David’s death. (4 marks)
第9题：
A.D/P or D/P at xx days after sight
B.Delivery of documents against letters of undertaking to pay
C.Delivery of documents against promissory note
D.Delivery of documents against a signed trust receipt
E.Delivery of documents against part of collection to be paid at sight and the balance by way of the acceptance of a separate draft payable at a future date.
F.D/A
第10题：
Which of the following is "承兑交单"?
A、Bill of exchange
B、Document against acceptance
C、Statement
D、Cost price