题目
A theme park is the one that has a certain idea or a certain theme.()
第1题
The Ocean Park in Hongkong is regarded as the largest theme park in the world.()
参考答案:错误
第6题
(b) One of the hotels owned by Norman is a hotel complex which includes a theme park, a casino and a golf course,
as well as a hotel. The theme park, casino, and hotel were sold in the year ended 31 May 2008 to Conquest, a
public limited company, for $200 million but the sale agreement stated that Norman would continue to operate
and manage the three businesses for their remaining useful life of 15 years. The residual interest in the business
reverts back to Norman after the 15 year period. Norman would receive 75% of the net profit of the businesses
as operator fees and Conquest would receive the remaining 25%. Norman has guaranteed to Conquest that the
net minimum profit paid to Conquest would not be less than $15 million. (4 marks)
Norman has recently started issuing vouchers to customers when they stay in its hotels. The vouchers entitle the
customers to a $30 discount on a subsequent room booking within three months of their stay. Historical
experience has shown that only one in five vouchers are redeemed by the customer. At the company’s year end
of 31 May 2008, it is estimated that there are vouchers worth $20 million which are eligible for discount. The
income from room sales for the year is $300 million and Norman is unsure how to report the income from room
sales in the financial statements. (4 marks)
Norman has obtained a significant amount of grant income for the development of hotels in Europe. The grants
have been received from government bodies and relate to the size of the hotel which has been built by the grant
assistance. The intention of the grant income was to create jobs in areas where there was significant
unemployment. The grants received of $70 million will have to be repaid if the cost of building the hotels is less
than $500 million. (4 marks)
Appropriateness and quality of discussion (2 marks)
Required:
Discuss how the above income would be treated in the financial statements of Norman for the year ended
31 May 2008.
第7题
Matching: Match the words with their Chinese meanings.
1、tower block
2、traffic jam
3、industrial estate
4、sports centre
5、theme park
6、ring road
7、department store
8、shopping centre
9、high street
10、nightclub
A、主题公园
B、夜总会
C、购物中心
D、百货公司
E、繁华商业街
F、高层大楼
G、环路
H、交通堵塞
I、工业区
J、体育中心
第8题
The Euro Disney Corporation, acknowledging that its elaborate theme park had not performed as strongly as expected, announced Thursday that it would sustain a net financial loss of unpredictable scale in its first financial year.
At the time of the April opening of the park, which stands on a 4,800-acre site 32 kilometers (20 miles) east of Paris, Euro Disney officials said they expected to make a small profit for the financial year ending September 30. But since then the park has been hit by a number of problems.
"We were geared up for a very high level of operations," John Forsgren, the company's chief financial officer said in a telephone interview. "It has been very strong, but not as strong as we geared up for."
"While attendance is very strong," he said, "our cost levels do require adjustment for the current revenue level."
The parent company, Walt Disney Corporation, said Thursday that its income rose 33 percent in the quarter. But it warned investors against expecting profits soon from Euro Disney, of which it owns 49 percent.
Euro Disney said that although attendance levels had been high, "the company anticipates that it will sustain a net loss for the financial year ending September 30, 1992". It added that "the amount of the loss will depend on attendance and hotel use rates achieved during the remaining portion of the critical European summer vacation period". The announcement amounted to an extraordinary reversal for Euro Disney, which opened amid immense celebration and widespread predictions of immediate success.
At the time of the opening, on April 12, the company's shares were trading at 140.90 francs ($28.07), and had been as high as 170 francs earlier in the year. They dropped 2.75 percent Thursday to close at 97.25 francs. Mr. Forsgren said he thought the market had "reacted a bit emotionally to preliminary information". He added, "By all objective standards the park is very successful. The long-term acceptance is strong, the rest is just details."
The company said that 3.6 million people had visited the park from April 12 to July 22, a performance superior to that of comparable start-up periods at other Disney theme parks. But it warned that, given the likely strong seasonal variation in attendance, it was not possible to predict future attendance or profits.
Reacting to the announcement, stock market expert Paribas Capital Markets Group issued a "sell" recommendation on Euro Disney stock, saying that attendance levels for the period were 15 percent below its expectations and profit from sales of food and other goods was 10 percent below. It predicted that the company would lose 300 million francs in the current financial year and continue losing money for two more years.
The main problem confronting Euro Disney appears to be managing its costs and finding an appropriate price level for its over 5,000 hotel rooms. Clearly, costs have been geared to a revenue level that has not been achieved, and the company is beginning to drop hotel prices that have been widely described as excessive.
Mr. Forsgren said the number of staff, now at 17,000, would "come down significantly in the next two months, mainly through the loss of seasonal employees". Of the current staff, 5,000 are employed on a temporary basis, he said.
He also acknowledged that the lowest-priced rooms at the resort had been cut to 550 francs ($110) from 750 francs at the time of the opening, and that some rooms were being offered at 400 francs for the winter season. Analysts believe hotel use has been running at about 68 percent of capacity, although it is currently over 90 percent.
"The key issue is costs, " said one financial expert. "They have no idea what their winter attendance levels will be and they're battling to get costs to an appropriate level. The stock's still too expensive, but I think in the long term they'll get it right."
Still, huge doubt hangs over the company's plans to keep the theme park open through the cold European winter—something no other theme park in Europe has ever attempted. Last month, the company said it was having difficulty attracting people from the Paris region. Mr. Forsgren said that French attendance was improving and accounted for 1 million of the 3.6 million visitors, with most of the rest coming from Britain and Germany. Only 1 percent of visitors have been American.
For its third quarter ending June 30, the first in which the park had been operating, the company announced revenues of 2.47 billion francs ($492 million), but gave no profit or loss figures in line with the French practice of only giving such figures at year's end. In the first half, the company earned 75 million francs, mainly from investment income and sale of construction rights on its site.
第9题
Background information
B-Star is a theme park based on a popular series of children’s books. Customers pay a fixed fee to enter the park,where they can participate in a variety of activities such as riding roller-coasters, playing on slides and purchasing themed souvenirs from gift shops.
The park is open all year and has been in operation for the last seven years. It is located in a country which has very little rainfall – the park is open-air so poor weather such as rain results in a significant fall in the number of customers for that day (normally by 50%). During the last seven years there have been on average 30 days each year with rain.
B-Star is now very successful; customer numbers are increasing at approximately 15% each year.
Ticket sales
Customers purchase tickets to enter the theme park from ticket offices located outside the park. Tickets are only valid on the day of purchase. Adults and children are charged the same price for admission to the park. Tickets are preprinted and stored in each ticket office.
Tickets are purchased using either cash or credit cards.
Each ticket has a number comprising of two elements – two digits relating to the ticket office followed by six digits to identify the ticket. The last six digits are in ascending sequential order.
Cash sales
1. All ticket sales are recorded on a computer showing the amount of each sale and the number of tickets issued.
This information is transferred electronically to the accounts office.
2. Cash is collected regularly from each ticket office by two security guards. The cash is then counted by two
accounts clerks and banked on a daily basis.
3. The total cash from each ticket office is agreed to the sales information that has been transferred from each office.
4. Total cash received is then recorded in the cash book, and then the general ledger.
Credit card sales
1. Payments by credit cards are authorised online as the customers purchase their tickets.
2. Computers in each ticket office record the sales information which is transferred electronically to the accounts office.
3. Credit card sales are recorded for each credit card company in a receivables ledger.
4. When payment is received from the credit card companies, the accounts clerks agree the total sales values to the amounts received from the credit card companies, less the commission payable to those companies. The receivables ledger is updated with the payments received.
You are now commencing the planning of the annual audit of B-Star. The date is 3 June 2009 and B-Star’s year end is 30 June 2009.
Required:
(a) List and explain the purpose of the main sections of an audit strategy document and for each section, provide an example relevant to B-Star. (8 marks)
(b) (i) For the cash sales system of B-Star, identify the risks that could affect the assertion of completeness of sales and cash receipts; (4 marks)
(ii) Discuss the extent to which tests of controls and substantive procedures could be used to confirm the
assertion of completeness of income in B-Star. (6 marks)
(c) (i) List the substantive analytical procedures that may be used to give assurance on the total income from
ticket sales for one day in B-Star;
(ii) List the substantive analytical procedures that may be used to give assurance on the total income from
ticket sales in B-Star for the year. (8 marks)
(d) List the audit procedures you should perform. on the credit card receivables balance. (4 marks)
第10题
[2] The original plans for the park were on 8 acres next to the Disney Studio lot on Hyperion Avenue in Burbank where his employees and families could go to relax. However, the amusement parks of the 1920’s and 30’s were tawdry, dirty, sleazy places. Other parks across the country were no better. As Walt Disney sat at a bench, at an amusement park, watching his daughters play, he noticed how ragged and filthy the small amusement park was. He also observed people’s reactions to different rides, and noticed how children’s parents had nothing to do. They would be anxious to go home, while their children were still having fun, and playing.
[3] This is where Walt was conjuring, and planning a new type of amusement park; one that would be clean, and would have attractions for parents and children together. He dreamed and hoped of building a “little family park” where parents could take their children for a day of fun—for both kids and adults. Still, Walt felt that it was possible to build a different kind of park…a “themed” park that had fun attractions and a beautiful atmosphere…a park that wouldn’t decline into an ugly, gaudy, cheap place… a park that “would never be completed—as long as there is imagination in the world.” The Second World War had a devastating effect on the Disney Studios. With no money, Walt shelved his ideas for the time being. However, during the war, Walt had time to come up with new ideas, and creations for his magical park. Disneyland in Los Angeles opened to a star-studded fanfare on July 17th, 1955. Construction of “The Happiest Place on Earth” was completed in one year, a tremendous engineering and planning success that is still to be admired. Its opening was a media event that even as late as the 1990’s, has rarely been exceeded for glitz, glamour, excitement, and drama.
[4] Nowadays, the entertainment giant has Walt Disney Parks and Resorts in five different places around the world. They are the Disneyland Resort in Los Angeles, Walt Disney World in Florida, Tokyo Disney Resort, Tokyo Disney Sea, Disneyland Resort Paris and Hong Kong Disneyland respectively. The Wall Street Journal reported on January 9, 2009 that Disney and the Shanghai government had signed a proposal outlining the legal and financial framework for its first theme park in mainland China, targeting one of the largest and most prosperous markets in Asia. Now the proposal is waiting for being approved by the central government. This is really a sensation among Chinese children and their parents.
[5] Among the exciting Disney parks and resorts, Disney World in Florida is the biggest amusement resort, twice the size of Manhattan. It was opened on October 1, 1971, five years after Walt Disney’s death. It attracts people of most tastes and most income groups, and people of all ages, from toddlers to grandpas. Within Walt Disney World Resort there are 4 Theme Parks, 2 Water Parks, 2 shopping, dining and entertainment areas and one world-class sports complex. The central attraction of the resort is the Magic Kingdom. This theme Park features enchanting entertainment and classic attractions across seven whimsical lands. Tourists can meet beloved Disney Characters, watch parades and spectacular fireworks and see how fairytale dreams can come true. Almost everywhere you go, there are models of people and animals. Besides, they move and talk most realistically. There is, for example, the Hall of Fame, which displays models of all the American Presidents since George Washington. The Presidents talk, using the actual words they once used as living Presidents. There is much else to see: Adventureland, Frontierland, Fantasyland, Tomorrowland, New Orleans Square, and Toontown. Each of the original lands has been altered —— and had new attractions added —— over the years.
[6] Disneyland near Los Angeles has a lot of wonderful things to see and do, but Walt Disney World in Florida has a huge number of wonderful things to see and do. The two places are almost incomparable. If you had a single day to spend at a Disney theme park you would choose Disneyland without a passing thought. If you have a week, though, you’ll go to Walt Disney World. In fact, in one full week it’s not possible to see everything at the Florida complex.
[7] Even though Walt Disney wasn’t able to see how his park prospered and grew into the 21st Century, his legacy still lives on with us. Throughout Disneyland and throughout the entire world, he will always be there. “The Happiest Place on Earth” will always be there, too.
51、What impelled Walt Disney to have the idea of building his “magical parks”?()
A.The tawdry, dirty, and sleazy amusement parks of the 1920s and 1930s.
B.His daughters’ love for “magical parks”.
C.His own love for “magical parks”.
D.Americans’ love for “magical parks”.
52、What does the third paragraph mainly talk about?()
A.Because of lack of money, Walt shelved his ideas for the time being during the Second World War.
B.What Walt’s amusement parks look like.
C.The Second World War had a devastating effect on the Disney Studios.
D.The opening of Disneyland in Los Angeles was a media event.
53、So far, how many Walt Disney Parks have been opened around the world?()
A.3
B.2
C.5
D.4
54、In which city of the mainland China will the Disney World be opened very soon?()
A.Beijing
B.Guangzhou
C.Shenzhen
D.Shanghai
55、Among the existing Disney parks and resorts, which one is the biggest?()
A.Walt Disney World in Florida
B.Disneyland Resort in Los Angeles
C.Hong Kong Disneyland
D.Tokyo Disney Resort
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