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)。 @1ZLr
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: p>7!"RF:U
(Expressed in RMB thousands) H~JPsS;
FINANCLAL STATEMENTS ITEMS "mr;!"LA
20×8 n_vopDMm
20×7 JTB_-J-TU
pH5"g"e1
Sales n.P$7%G`2
64000 ' p,QI>
48000 }8J77[>/
+O>1Ed
Cost of sales g-j`Ex%
54000 FM:ax
{
42000 +ou5cQ^
MFO}E!9`q
Net profit l@7Xgsey
30 8" l9W=
-20 !~PLW] Z4
aGvD
E&r*[;$
December 31, 20×8 Ld6j;ZJ';
December 31, 20×7 qV0C2jZ2
l1On .s
Inventory fXCx!3m
16000 zB`)\
12000 lSU&Yqx
Q|Uq.UjY
Current assets (r,tU(
60000 Rr+Y::E
50000 |r_S2)zH9m
E8#r<=(m
Total assets f.,ozL3*
100000
C=2"*>lTn
90000 Cc^`M9dP
"Wd?U[[
Current liabilities [I:D\)$<
20000 xb$eFiQ
18000 7Fb |~In<Z
d54(6N%
Total liabilities ]p>6r*/nw
30000 Z|+SC \Y
25000 y)
_T!&ze
Rg~ ~[6G>
fwB+f`w`
During the audit, John has the following findings: kK+<n8R2
(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: is_`UD
aB
Dr. Cash in Bank RMB 5820000 }l{r9ti
Dr. Financial Expenses RMB 180000 Z7?C^m
Cr. Notes Receivable RMB 6000000 U{n< n8
(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: xh
Sp<|X_
Dr. Non-operating Expenses RMB 3000000 FRpTYLA2
Cr. Provisions RMB 3000000 QZ(se
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ]5b%r;_
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: \v.16o bH
Dr. Provisions RMB 3000000 _
h\wH;
Cr. Cash in Bank RMB 2500000 9Cbf[\J!bq
Cr. Non-operating Income RMB 500000 o =)hUr
Required: w8i"-SE
(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. dE9xan
(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: y1P KoN|K
(a)Inventory Turnover Rate in 20×8; Q.:SIBP
(b)Gross Profit Ratio in 20×8; T.nY>Q8
(c)After Tax Return on Total Assets in 20×8; and AK%2#}k.
(d)Current Ratio as at December 31, 20×8 >
E;`;b
(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. Z!o&};_j
【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。 HH/bBM!
以下是未经审计财务报表的部分信息: zTb!$8D"g
(单位:千元) CbTYt6DC
项目 20×8 20×7 vB >7W
营业收入 64 000 48 000 "1P8[
营业成本 54 000 42 000 {2?o:
净利润 30 -20 Et{4*+A
sE7!U|
20×8年12月31日 20×7年12月31日 3D>syf
存货 16 000 12 000 a!YpSFr
流动资产 60 000 50 000 b#cXn4<