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)。 (y]Z *p:EW
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: o.!o4&WH
(Expressed in RMB thousands) UPGUJ>2Z
FINANCLAL STATEMENTS ITEMS ]YI
9
20×8 L/jaUt[,
20×7 ;B 8Q,.t>x
.hx(9
Sales L/
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64000 3&})gU&a
48000 ];w}?LFb
*S*49Hq7c
Cost of sales
)$S=iL8(
54000 iz-z?)%
42000 ppz3"5
fr(Ja;
Net profit =OFhM7
30 #l}Fk)dj
-20 RWR{jM]V
60%nQhb
:^kAFLU
December 31, 20×8 7vZO;FGtG
December 31, 20×7 y]yl7g =~
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Inventory D@&xj_#\}
16000 SWzqCF
12000 ;j1
SSHZ
b, a7XANsh
Current assets 2*75*
EQCH
60000 &fB=&jc*j
50000 .;
7V]B1o
d\>XfS
Total assets r =x"E$
100000 2Jt{oh |
90000 i
FZGfar?
=,zB|sjn
Current liabilities }o:LwxNO
20000 \Ki3ls
18000 7_ oUuNw
8i[TeW"
Total liabilities `l]Lvk8O
30000 !Np7mv\7
25000 A<|9</9z
_<f%==
I'
z` 6$p1U
During the audit, John has the following findings: IoOOS5a
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: me2vR#
Dr. Cash in Bank RMB 5820000 7u;N/@
Dr. Financial Expenses RMB 180000 E\D,=|Mul
Cr. Notes Receivable RMB 6000000 9BZ B1oX
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 1,=:an
Dr. Non-operating Expenses RMB 3000000 s@:Yu
Cr. Provisions RMB 3000000 ?{ '_4n3O
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 By6O@ .\V
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: _}[WX[Le{
Dr. Provisions RMB 3000000 k-jFT3b$
Cr. Cash in Bank RMB 2500000 J\+fkN<.
Cr. Non-operating Income RMB 500000 424iFc[
Required: e^N~)Nlj
(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. :"#
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(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: l/(~Kf9eQG
(a)Inventory Turnover Rate in 20×8; U<&=pv
(b)Gross Profit Ratio in 20×8; :2xGfy??
(c)After Tax Return on Total Assets in 20×8; and VB90 5%
(d)Current Ratio as at December 31, 20×8 jo&j<3i
(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. AQ$)JPs
【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。 \LJ!X3TZ
以下是未经审计财务报表的部分信息: fLs>|Rh
(单位:千元) Vq0X:<9
项目 20×8 20×7 ZhCd**
营业收入 64 000 48 000 pmBN?<
营业成本 54 000 42 000
HYO/]\al
净利润 30 -20 XE_Lz2H`
7ucm1
20×8年12月31日 20×7年12月31日 awR !=\
存货 16 000 12 000 7Ku&Q<mi
流动资产 60 000 50 000
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总资产 100 000 90 000 T"htWo{v>
流动负债 20 000 18 000 .Bkfe{^
总负债 30 000 25 000 to).PI?
在审计过程中,约翰发现以下事项: G
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(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: #tg\
bb
借:银行存款5 820 000 9LPXhxNwB
财务费用 180 000 'eBD/w5U
贷:应收票据6 000 000 EG^
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(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: ;iYCeL(
借:营业外支出 3 000 000 X,+a 6F
贷:预计负债 3 000 000 ~6t<`&f
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: tt-ci,X+
借:预计负债 3 000 000 Kh4rl)L*+%
贷:银行存款 2 500 000 $W}:,]hoj
营业外收入 500 000 . 0yBI=QI
要求: wM[Z 0*K
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ^!
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: &b