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)。 /ZUKt
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: ?<STt 9
(Expressed in RMB thousands) 2Xys;Dwx
FINANCLAL STATEMENTS ITEMS
pQKR
20×8 tXV9+AJ
20×7 ?~Fk_#jz,@
^OnU;8IC
Sales }_vE
lBh6$
64000 ,`ST Va-
48000 m-dyvW+
$e)d!m.
Cost of sales =*
oFs|v
54000
yl0&|Ub
42000 w]J9Kv1)-
]d=SkOq
Net profit 4C\>JGZvq
30 f 0A0uU8y
-20 p%pM3<p
jCa%(2~iQ7
t;!vjac
December 31, 20×8 ,u8)g;8s
December 31, 20×7 '/trM %<
`xMmo8u4
Inventory "7mYs)=
16000 xb1 i{d
12000 tpOMKh.`
`$vTGkGpY
Current assets DN3#W w2[r
60000 e[.c^Hw
50000 #Drs=7w
KCu @5`p
Total assets ;jS
2bc:8a
100000 N3nFE:`u]
90000 bw\fKZ
Fa:f
Bs{
Current liabilities r2M Iw
20000 /`McKY
IP
18000 v10p]=HmO
#}*w &y
Total liabilities /T1zz2l~
30000 "Ah (EZAR
25000 J6J[\
W/q-^Zkt,9
D;VQoO
During the audit, John has the following findings: *5?a%p
(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: o8Vtxnkg
Dr. Cash in Bank RMB 5820000 cVya~ *
Dr. Financial Expenses RMB 180000 ,WSK
'
Cr. Notes Receivable RMB 6000000 G347&F)
(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: 1henQiIO
Dr. Non-operating Expenses RMB 3000000 .@KpN*`KH
Cr. Provisions RMB 3000000 feU]a5%XZ
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 "h?;)Ye
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: 29]-s Utqv
Dr. Provisions RMB 3000000 XHU&ix{Od
Cr. Cash in Bank RMB 2500000 =%P'?(o|
Cr. Non-operating Income RMB 500000 e&%m[:W:<
Required: y"q7Gx*^j
(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. `7_=2C
(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: 3jR,lEJyj
(a)Inventory Turnover Rate in 20×8; ~_<I}!j/B
(b)Gross Profit Ratio in 20×8; &S[tI$
(c)After Tax Return on Total Assets in 20×8; and t9T3e
(d)Current Ratio as at December 31, 20×8 ;Yo9e~
(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. yZkHBG4
【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。 AKs=2N>7
以下是未经审计财务报表的部分信息: lCT N
dW+=
(单位:千元) 7oaa)
项目 20×8 20×7 F[
m"eEX
营业收入 64 000 48 000 .I\)1kjX
营业成本 54 000 42 000 m| 8%%E}d
净利润 30 -20 *:
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