（c) Explain the term ‘target costing’ and how it may be applied by GWCC. Briefly discuss a

2 (a) Explain the term ‘backflush accounting’ and the circumstances in which its use would be appropriate.

(6 marks)

4 (a) Explain the meaning of the term ‘working capital cycle’ for a trading company. (4 marks)

(d) Explain the term ‘environmental management accounting’ and the benefits that may accrue to organisations

which adopt it. (4 marks)

6 (a) Explain the term ‘money laundering’. (3 marks)

(b) Explain the meaning of the term ‘Efficient Market Hypothesis’ and discuss the implications for a company if

the stock market on which it is listed has been found to be semi-strong form. efficient. (9 marks)

(a) List and explain FOUR methods of selecting a sample of items to test from a population in accordance with ISA 530 (Redrafted) Audit Sampling and Other Means of Testing. (4 marks)

(b) List and explain FOUR assertions from ISA 500 Audit Evidence that relate to the recording of classes of

transactions. (4 marks)

(c) In terms of audit reports, explain the term ‘modified’. (2 marks)

In relation to the law of contract, distinguish between and explain the effect of:

(a) a term and a mere representation; (3 marks)

(b) express and implied terms, paying particular regard to the circumstances under which terms may be implied in contracts. (7 marks)

A．To explain that they didn’t paint the walls and ceiling of buildings．

B．To point that they first made the term "fresco" popular．

C．To make the point that frescoes were created before the Renaissance

D．To introduce an important difference between ancient art and Renaissance art．

tempt to explain the American English term OK. We don’t know if either story is true, but they are both interesting. The first explanation is based on the fact that President Jackson had very little education. In fact, he had difficulty reading and writing. When important papers came to Jackson, he tried to read them and then had his assistants explain what they said. If he approved of a paper, he would write “all correct” on it. The problem was that he didn’t know how spell, so what he really wrote was “ol korekt”. After a while, he shortened that term to “OK”. The second explanation is based on the place where President Van Buren was born, Kinderhook, New York. Van Buren’s friends organized a club to help him become President. They called the club the Old Kinderhook Club, and anyone who supported Van Buren was called “OK”. The author_______________. A. believes both of the stories

B. doesn’t believe a word of the stories

C. is not sure whether the stories are true

D. is telling the stories just for fun

According to the first story, the term “OK”________________.A.was approved of by President Jackson

B.was the title of some official documents

C.was first used by President Jackson

D.was an old way to spell “all correct”

According to the passage, President Jackson________________.A.couldn’t draw up any documents at all

B.didn’t like to read important papers by himself

C.often had his assistants sign documents for him

D.wasn’t good at reading or spelling

According to the second story, the term “OK”______________.A.was the short way to say “Old Kinderhook Club”

B.meant the place where President Van Buren was born

C.was the name of Van Buren’s club

D.was used to call Van Buren’s supporters in the election

According to the second story, the term “OK” was first used____________.A.by Van Buren

B.in a presidential election

C.to organize the Old Kinderhook Club

D.by the members of the “Old Kinderhook Club”

请帮忙给出每个问题的正确答案和分析，谢谢！