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USCPA备考冲刺：非选择题题型练习汇总

来源：高顿网校 2015-10-10

　　USCPA考试中，SIM和writing题型如何轻松解决？考生在平时的学习备考当中，也要多做相关练习，形成一个解题思路，在考试中就能够节省时间，更有效率地完成试题。高顿网校USCPA小编今天整理了两道模拟题，供考生们参考。

　　1)BEC

　　Assume that you are acting as a consultant for Gaodun Finance. The president of the company is considering implementing an internal control system. To evaluate whether to go forward with the project, the president has asked you to describe what components an internal control system includes. Prepare a memorandum to Gaodun Finance’s president describing the several component of internal control.

　　2)AUD

　　An assistant has been working in the revenue cycle area and has compiled a list of possible errors and fraud that may result in the misstatement of Model Company’s financial statements, and a corresponding list of controls that, if properly designed and implemented, could assist in preventing or detecting the errors and fraud.

　　For each possible error and fraud numbered 1 through 15, select on e internal control from the answer list below that, if properly designed and implemented, most likely could assist management in preventing or detecting the errors and fraud. Each response in the list of controls may be selected once, more than once, or not at all.

　　Controls

　　A. Shipping clerks compare goods received from the warehouse with the details on the shipping documents.

　　B. Approved sales orders are required for goods to be released from the warehouse.

　　C. Monthly statements are mailed to all customers with outstanding balances.

　　D. Shipping clerks compare goods received from the warehouse with approved sales orders.

　　E. Customer orders are compared with the inventory master file to determine whether items ordered are in stock.

　　F. Daily sales summaries are compared with control totals of invoices.

　　G. Shipping documents are compared with sales invoices when goods are shipped.

　　H. Sales invoices are compared with the master price file.

　　I. Customer orders are compared with an approved customer list.

　　J. Sales orders are prepared for each customer order.

　　K. Control amounts posted to the accounts receivable ledger are compared with control totals of invoices.

　　L. Sales invoices are compared with shipping documents and approved customer orders before invoices are mailed.

　　M. Prenumbered credit memos are used for granting credit for goods returned.

　　N. Goods returned for credit are approved by the supervisor of the sales department.

　　O. Remittance advices are separated from the checks in the mailroom and forwarded to the accounting department.

　　P. Total amounts posted to the accounts receivable ledger fromremittance advices are compared with the validated bank deposit slip.

　　Q. The cashier examines each check for proper endorsement.

　　R. Validated deposit slips are compared with the cashier’s daily cash summaries.

　　S. An employee, other than the bookkeeper, periodically prepares bank reconciliation.

　　T. Sales returns are approved by the same employee who issues receiving reports evidencing actual return of goods.

　　Possible Errors and Fraud

　　1. Invoices for goods sold are posted to incorrect customer accounts.

　　2. Goods ordered by customers are shopped, but the not billed to anyone.

　　3. Invoices are sent for shipped goods, but are not recorded in the sales journal.

　　4. Invoices are sent for shopped goods and are recorded in the sales journal, but are not posted to any customer account.

　　5. Credit sales are made to individuals with unsatisfactory credit ratings.

　　6. Goods are removed from inventory for unauthorized orders.

　　7. Goods shipped to customers do not agree with goods ordered by customers.

　　8. Invoices are sent to allies in a fraudulent scheme and sales are recorded for fictitious transactions.

　　9. Customers’ checks are received for less than the customers’ full account balances, but the customers’ full account balances are credited.

　　10. Customers’ checks are misappropriated before being forwarded to the cashier for deposit.

　　11. Customers’ checks are credited to incorrect customer accounts.

　　12. Different customer accounts are each credited for the same cash receipt.

　　13. Customers’ checks are properly credited to customer accounts and are properly deposited, but errors are made in recording receipts in the cash receipts journal.

　　14. Customers’ checks are misappropriated after being forwarded to the cashier for deposit.

　　15. Invalid transactions granting credit for sales returns are recorded.

　　Answer:

　　1) Control Activities. A company should consider cost and benefit when designs control activities. (Examples of procedures: Performance Reviews, Information Processing, Physical Controls, Segregation of Duties) Risk Assessment. (The high risk area should have more control activities,) Information & Communication. (Efficiency & effectiveness.) Monitoring. (Ongoing improvement) Control Environment is the macro environment. It is the foundation for the internal control in an organization. (Commitment to competence, Human resource policies & practices, Organizational Structure, Participation of those charged with Governance, Philosophy of management & operating style, Ethical value & integrity, Responsibility assignment)

　　1. (C) Invoices posted to incorrect customer accounts will be detected by analyzing customer responses to monthly statements that include errors, particularly statements with errors not in favor of the customer.

　　2. (G) The comparison of shipping documents with sales invoices will detect goods that have been shipped but not billed when no sales invoice is located for a particular shipping document.

　　3. (F) To provide assurance that all invoiced goods that have been shipped are recorded as sales, daily sales summaries should be compared with invoices. For example, a sale that has not been recorded will result in a sales summary that does not include certain sales invoices.

　　4. (K) A comparison of the amounts posted to the accounts receivable ledger with the control total for invoice assurance that all invoices have been posted to a customer account.

　　5. (I) Comparing customer orders with an approved customer list will provide assurance that credit sales are made only to customers that have been granted credit.

　　6. (B) Requiring an approved sales order before goods are released from the warehouse will provide assurance that goods are not removed for unauthorized orders.

　　7. (D) A comparison by shipping clerks of goods received from the warehouse with the approved sales orders will provide assurance that goods shipped to customers agree with goods ordered by customers.

　　8. (L) A comparison of sales invoices with shipping documents and approved sales orders will detect invoices that do not have the proper support. Accordingly, it will help prevent the recording of fictitious transactions.

　　9. (P) Comparing amounts posted to the accounts receivable ledger with the validated bank deposit will detect improper posting to accounts receivable since any differences in amounts will be investigated.

　　10.(C) Misappropriations of customers’ checks will be detected when customers indicate that they have made payments for items shown as payable on their monthly statement. Note that replies O and P will only detect this misappropriation in the unlikely event that the perpetrator does not dispose of the remittance advice.

　　11.(C) Mispostings of payments made will be detected when customers indicate that they have made payments for items shown as payable on their monthly statement.

　　12.(P) Crediting more than one account for a cash receipt will be detected when the total of amounts posted to the accounts receivable ledger is compare with the validated bank deposit slip. 13.(S) An independent reconciliation of the bank account will reveal iimproper total recording of receipts in the cash receipts journal because uncoated differences between bank and book balances will occur and be investigated.

　　14.(P) Comparing total amounts posted to the accounts receivable ledger with the validated bank deposit slip will detect a difference between total cash receipts and the amount credited to the accounts receivable ledger.

　　15.(N) Requiring the approval of the supervisor of the sales department for goods received will provide assurance that invalid transactions granting credit for sales returns are not recorded. Note that using prenumbered credit memos (reply M) will only be effective if the sequence is accounted for and if credit memos may be compared in come form to actual returns.

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