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)。 5Vqvb|
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: ZW%`G@d"H-
(Expressed in RMB thousands) f'U]Ik;Jy
FINANCLAL STATEMENTS ITEMS tYa8I/HpT
20×8 eO G%6C%a
20×7 CU_06A|}
&X(-C9'j
Sales &N ;6G`3
64000 #9Z
-Hd<
48000 RoRVu,1
TD7ONa-,
Cost of sales
a-y5 \x
54000 gK#w$s50
42000 jp`N%O]6
UMaKvr-C&
Net profit !6C d.fpWL
30 _R6> Ayw*
-20 XU7bWafy
4[q *7m
=T]OYk
December 31, 20×8 M czWg
December 31, 20×7 K e8cfd~c
X9HI@M]h
Inventory CG;D (AWR;
16000 }JsdgO&z
12000 vxx3^;4p
C-Z,L#
Current assets B"v=Fr[
60000
i|mA/
e3b
50000 {9MYEN}FO
qQ_QF
Total assets kz^G.5n
100000 T\>=o]
90000 ,z3b2$
&A
qfU3Cwy
Current liabilities Sj?'T@
20000 b&1@rE-
18000 cw\a,>]H
*gn*S3Is[j
Total liabilities sh1()vT
30000 Eqc$*=
25000 *&D=]fG
R7i*f/m
T_WQzEL^
During the audit, John has the following findings: }UrtDXhA
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: K~]jXo^M
Dr. Cash in Bank RMB 5820000 "6i9 f$N
Dr. Financial Expenses RMB 180000 F`u~Jx8.*
Cr. Notes Receivable RMB 6000000 :w+Rs+R
(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: 5hAg*zJb5o
Dr. Non-operating Expenses RMB 3000000 KJiwM(o
Cr. Provisions RMB 3000000 kXWx )v
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ]!N5jbA@
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: zBbTj IFQ
Dr. Provisions RMB 3000000 A?/?9Gr
Cr. Cash in Bank RMB 2500000 x-<dJ}`
Cr. Non-operating Income RMB 500000 ~a $%
a
Required: K^bn4Nr
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. fVM%.`
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ? &O$ayG77
(a)Inventory Turnover Rate in 20×8; |zMQe}R@%
(b)Gross Profit Ratio in 20×8; iYf4 /1IG,
(c)After Tax Return on Total Assets in 20×8; and M<"D!h9YP
(d)Current Ratio as at December 31, 20×8 uOQ5.S+
(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. 5
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【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。 c.fj[U|j
以下是未经审计财务报表的部分信息: _MU'he^W
(单位:千元) ( nh!tC
项目 20×8 20×7 :.cX3dP@
营业收入 64 000 48 000 DQ)SMqOotw
营业成本 54 000 42 000 X$*
'D)
净利润 30 -20
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|Xag:hof
20×8年12月31日 20×7年12月31日 ?P5D!b:(
存货 16 000 12 000 D&shrKFx
流动资产 60 000 50 000 fh~&&f