六、英文附加题(本题型共1题,共10分。有小数点的,保留两位小数。小数点两位后四舍五入。用英文在答题卷上解答,答在试题卷上无效)。 Alq(QDs
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: H;"4C8K7
(Expressed in RMB thousands) jiC>d@~y
FINANCLAL STATEMENTS ITEMS ]_$[8#kg
20×8 47B&s
20×7 #LNED)Vg
7[wPn`v2
Sales "w
c<B4"
64000 o !7va"
48000 Ea=P2:3*
6MI8zRX
Cost of sales Bbp|!+KP{(
54000 P'rb%W
42000 Q59W#e)
LIrb6g&xj_
Net profit >R=|Wo`Ri
30 jj>]9z
-20 A %-6`>
:gC#hmm^
fc@A0Hf
December 31, 20×8 B7%U_F|m
December 31, 20×7 ,z?':TZ
LgYq.>Nl9
Inventory B/C,.?Or
16000 1YMh1+1
12000 x)VJFuqy
wQLSf{2
Current assets dqAw5[qMJ
60000 c`Wa^(
50000 i6N',&jFU
{>;R?TG]$
Total assets QS j]Z
A
100000 jh$='G n
90000 azU"G(6y?+
wNX]7wMX
Current liabilities ^C%<l(b
20000 NuI9iU
18000 y> (w\K9W
C*lJrFpB
Total liabilities YbLW/E\T
30000 L rPkxmR
25000 B1Oq!k
Q=:|R3U/
hzC>~Ub5
During the audit, John has the following findings: <7$1kGlA
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: YoE3<[KD(
Dr. Cash in Bank RMB 5820000 /L#?zSt
Dr. Financial Expenses RMB 180000 @|)Z"m7
Cr. Notes Receivable RMB 6000000 ^W@5TkkBQq
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: P>6{&(
Dr. Non-operating Expenses RMB 3000000 _aMF?Pj~m
Cr. Provisions RMB 3000000 Qci]i)s$js
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 RT5T1K08I
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: bN88ua}k{
Dr. Provisions RMB 3000000 s(8W_4&'
Cr. Cash in Bank RMB 2500000 ,2)6s\]/b
Cr. Non-operating Income RMB 500000 IO> yIU[
Required: c"xK`%e
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. h7 I{
4
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ;=UsAB]
(a)Inventory Turnover Rate in 20×8; S@sO;-^+
(b)Gross Profit Ratio in 20×8; p<;0g9,1
(c)After Tax Return on Total Assets in 20×8; and '3H_
wd
(d)Current Ratio as at December 31, 20×8 4`R(?
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. a}uSm/S
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 l@:0e]8|o
以下是未经审计财务报表的部分信息: G#1GXFDO{
(单位:千元) ]s748+
项目 20×8 20×7 4Xv*wB1
营业收入 64 000 48 000 8.~kK<)!
营业成本 54 000 42 000 PYzvCf`?
净利润 30 -20 ~v"L!=~G;a
o`RKXfCq
20×8年12月31日 20×7年12月31日 TOAAQ
存货 16 000 12 000 =I~mKn
流动资产 60 000 50 000 wvPk:1wD5
总资产 100 000 90 000 7[wieYj{
流动负债 20 000 18 000 ctJE+1#PH
总负债 30 000 25 000 3yXY.>'
在审计过程中,约翰发现以下事项: qjc4.,/
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: o8vug$=Z
借:银行存款5 820 000 cs'{5!i]
财务费用 180 000 gzg_>2Sj
贷:应收票据6 000 000 F}qc0
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 188*XCtjQ9
借:营业外支出 3 000 000 e~':(/%|5;
贷:预计负债 3 000 000 <