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)。 !Jk(&.
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: B >ms`|q=l
(Expressed in RMB thousands) 8}Fw%;Cb
FINANCLAL STATEMENTS ITEMS !IfI-Q
20×8 9Ilfv
20×7 qn5yD!1
dl7Riw-J
Sales (N)r#"FV
64000 l~`txe
48000 PWADbu{+
<\B],M1=s=
Cost of sales x8\E~6`,
54000 :(5]Z^
42000 xC=
y^-
1
r)) $XM
Net profit le
"JW/BD
30 EGp~Vo-
-20 yg]suU<z]
md1EJ1\14
$q4 XcIX 7
December 31, 20×8 QC$=Fs5+
December 31, 20×7 vo:52tCk}m
MzBfHt'Rk
Inventory UchALR^5
16000 ]#vvlM>/
12000 x@{G(W:W
Q
`J,dzY
Current assets <Tj"GVZAEO
60000 ?^+#pcX]t|
50000 EuR!yD
WLg6-@kxXs
Total assets jKY Aid{-
100000 \'\N"g`Fr
90000 gJ)h9e*m^
"1gk-
Current liabilities =)"NE>
20000 rahHJp.Ws
18000 ,kGw;8X
@p9e:[
Total liabilities Zztt)/6*
30000 *IMF4x
5M
25000 2n-Tpay0
;-Y]X(z>
rR),~ @]sL
During the audit, John has the following findings: 7?n*t
(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: N\CEocU
Dr. Cash in Bank RMB 5820000 #z-iL!?
Dr. Financial Expenses RMB 180000 |k['wqn"
Cr. Notes Receivable RMB 6000000 Mipm&5R
(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: ims=-1,
Dr. Non-operating Expenses RMB 3000000 ne!j%9Ar
Cr. Provisions RMB 3000000 Knw'h;,[
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Q
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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: SoXX}<~E4
Dr. Provisions RMB 3000000 `JY>v io
Cr. Cash in Bank RMB 2500000 !}Woo$#ND
Cr. Non-operating Income RMB 500000 vV:MS O'r
Required: rw=UK`
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. E7Gi6w~\
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: &kXGWp
(a)Inventory Turnover Rate in 20×8; \>aa8LOe
(b)Gross Profit Ratio in 20×8; ZF/J/;uI
(c)After Tax Return on Total Assets in 20×8; and %z!d4J75
(d)Current Ratio as at December 31, 20×8 5tgILxSK
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. KL:6P-3
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 QYf/tQg$
以下是未经审计财务报表的部分信息: R&x7