作业说明
1.用16开纸（184×260mm）打印题目，上、下、左、右各设2CM边距；
答案必须手写。

2. 作业模板如下页所示：
2012-2013学年第1学期《专业英语》作业
专业：班级：任课教师：丘永政
姓名：学号：成绩：
I. Analyzing transactions and preparing financial statements
Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during
Require d：
1.Prepare an income statement for May, a May 31 balance sheet. a statement
of cash flows for May.
2.These statements are given as follows
THE GRAHAM CO. Income Statement
THE GRAHAM CO.
Balance Sheet
THE GRAHAM CO.
Statement of Cash Flows
II. Translate the following sentences into Chinese
1.Most U.S. companies are not directly affected by international accounting standards. International standards are put forth as preferred accounting practices. However, stock exchanges and other parties are increasing the pressure to narrow differences in worldwide accounting practices. International accounting standards are playing an important role in that process.
2.The objectivity concept and cost principle are related in that most users consider information based on cost as objective. Information prepared using both is considered highly reliable and often relevant.
ers desire information about the performance of a specific entity. If information is mixed between two or more entities, its usefulness decreases.
4.The revenue recognition principle gives preparers guidelines on when to recognize (record) revenue. This is important; for example, if revenue is recognized too early, the statements report revenue sooner than it should and the business looks more profitable than it is. The reverse is also true.
5.The three basic forms of business organization are sole proprietorships, partnerships, and corporations.
6.Owners of corporations are called shareholders(or stockholders). Corporate ownership is divided into units called shares (or stock). The most basic of corporate shares is common stock (or capital stock).
7.An income statement reports a company's revenues and expenses along with the resulting net income or loss. A statement of owner's equity shows
changes in equity, including that from net income or loss. Both statements report transactions occurring over a period of time.
8.The balance sheet describes a company's financial position (assets, liabilities, and equity) at a point in time. The equity amount in the balance sheet is obtained from the statement of owner's equity.
9.Cash flows from operating activities report cash receipts and payments from the primary business the company engages in. Cash flows from investing activities involve cash transactions from buying and selling long-term assets. Cash flows from financing activities include long-term cash borrowings and repayments to lenders and the cash investments from and withdrawals by the owner.
.
10．Expenses：Outflows or using up of assets as part of operations of a business to generate sales.。