certain school rules
after—school activities
plans for classes and tests
children’s school life and work
第1题：
(b) (i) Discusses the principles involved in accounting for claims made under the above warranty provision.
(6 marks)
(ii) Shows the accounting treatment for the above warranty provision under IAS37 ‘Provisions, Contingent
Liabilities and Contingent Assets’ for the year ended 31 October 2007. (3 marks)
Appropriateness of the format and presentation of the report and communication of advice. (2 marks)
(b) Provisions – IAS37
An entity must recognise a provision under IAS37 if, and only if:
(a) a present obligation (legal or constructive) has arisen as a result of a past event (the obligating event)
(b) it is probable (‘more likely than not’), that an outflow of resources embodying economic benefits will be required to settle
the obligation
(c) the amount can be estimated reliably
An obligating event is an event that creates a legal or constructive obligation and, therefore, results in an enterprise having
no realistic alternative but to settle the obligation. A constructive obligation arises if past practice creates a valid expectation
on the part of a third party. If it is more likely than not that no present obligation exists, the enterprise should disclose a
contingent liability, unless the possibility of an outflow of resources is remote.
The amount recognised as a provision should be the best estimate of the expenditure required to settle the present obligation
at the balance sheet date, that is, the amount that an enterprise would rationally pay to settle the obligation at the balance
sheet date or to transfer it to a third party. This means provisions for large populations of events such as warranties, are
measured at a probability weighted expected value. In reaching its best estimate, the entity should take into account the risks
and uncertainties that surround the underlying events.
Expected cash outflows should be discounted to their present values, where the effect of the time value of money is material
using a risk adjusted rate (it should not reflect risks for which future cash flows have been adjusted). If some or all of the
expenditure required to settle a provision is expected to be reimbursed by another party, the reimbursement should be
recognised as a separate asset when, and only when, it is virtually certain that reimbursement will be received if the entity
settles the obligation. The amount recognised should not exceed the amount of the provision. In measuring a provision future
events should be considered. The provision for the warranty claim will be determined by using the expected value method.
The past event which causes the obligation is the initial sale of the product with the warranty given at that time. It would be
appropriate for the company to make a provision for the Year 1 warranty of $280,000 and Year 2 warranty of $350,000,
which represents the best estimate of the obligation (see Appendix 2). Only if the insurance company have validated the
counter claim will Macaljoy be able to recognise the asset and income. Recovery has to be virtually certain. If it is virtually
certain, then Macaljoy may be able to recognise the asset. Generally contingent assets are never recognised, but disclosed
where an inflow of economic benefits is probable.
The company could discount the provision if it was considered that the time value of money was material. The majority of
provisions will reverse in the short term (within two years) and, therefore, the effects of discounting are likely to be immaterial.
In this case, using the risk adjusted rate (IAS37), the provision would be reduced to $269,000 in Year 1 and $323,000 in
Year 2. The company will have to determine whether this is material.
Appendix 1
The accounting for the defined benefit plan is as follows:
第2题：
A.Add the fibre channel card as hared?Add the fibre channel card as ?hared?
B.Add the fibre channel card as irtual?Add the fibre channel card as ?irtual?
C.Add the fibre channel card as esired?Add the fibre channel card as ?esired?
D.Add the fibre channel card as equired?Add the fibre channel card as ?equired?
第3题：
27． When Johnny's parents saw the report， they were happy because ________．
A．Johnny was good at maths
B． Johnny loved computers
C． Johnny could jom one computer to another
D． they thought Johnny was not poor in English longer
第4题：
The report from the US Department of Education shows that ______.
A. the number of the expulsions is not large
B. the number of the expulsion is wrong
C. there are soldiers hiding among the students
D. guns are out of control in US schools
47．答案为D。根据第一、二段内容作出该项选择。
第5题：
A. It is a globally unique IP address.
B. It is a globally unique 48 bit address
C. It is provided by the manufacturer of the NIC.
D. It is used as part of the IPX/SPX configuration.
E. It is a logical address.
第6题：
Children in the United States are exposed to many influences other than that of their families. Television is the most significant of these influences, because the habit of watching television usually begins before children start attending school.
Parents are concerned about the lack of quality in television programs for children. The degree of violence in many of these shows also worries them. Studies indicate that, when children are exposed to violence, they may become aggressive or insecure.
Parents are also concerned about the commercials (商业广告) that their children see on television. Many parents would like to see fewer commercials during programs for children. And some parents feel that these shows should not have any commercials at all because young minds are not mature enough to deal with the claims made by advertisers.
Educational television has no commercials and has programs for children that many parents approve of. The most famous of these is Sesame Street, which tries to give preschool children a head start in learning the alphabet (字母) and numbers. It also tries to teach children useful things about the world in which they live.
Even though most parents and educators give Sesame Street and shows like it high marks for quality, some critics argue that all television, whether educational or not, is harmful to children. These critics feel that the habit of watching hours of television every day turns children into bored and passive (被动的) consumers of their world rather than encouraging them to become active explorers of it
1). Which of the following statements is not based on the passage?
A. Parents are worried about the influence from television on their children.
B. Television has much influence on children.
C. Both parents and their children like watching educational television.
D. Some critics think that television is no good for children.
2). In what ways do children suffer from television?
A. They become the victims of social violence.
B. They spend hours watching television instead of doing school work.
C. The programs make the children lose interest in the world.
D. The programs make the children spend too much of their parents’ money.
3). Parents would not like their children to see commercials because ______
A. they think that their children are not old enough to handle advertising
B. commercials teach children alphabet and numbers
C. commercials help to sell products
D. they don’t like commercials
4). Educational television is widely appreciated because _____
A. it does have the same commercials as others
B. it offers programs for both children and their parents
C. many parents like the programs it offers for their children
D. children can learn some school subjects before they go to school
5). Which of the following can best serve as the title of the passage?
A. Watching Too Much Television Is Harmful to Young Minds.
B. Television Is More Harmful than Educational.
C. Television’s Influence on Children.
D. More Education Television.
第7题：
A.A
B.B
C.C
D.D
第8题：
The report from the US Department of Education shows that______.
A. the number of the expulsions is not large.
B. the number of the expulsion is wrong.
C. there are soldiers hiding among the students.
D. guns are out of control in the US schools.
42．答案为D 从第二段报告的内容可推知枪支管理处失控的状态。
第9题：
The writer’s purpose in writing the text is to 。
A. show the relationship between parents and children
B. teach parents ways to keep order at the dinner table
C. report on the findings of a study
D. give information about family problems
第10题：