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)。 B\n[.(].r
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: rQ9'bCSr%
(Expressed in RMB thousands) 6zn5UW#q
FINANCLAL STATEMENTS ITEMS F&Hrk|a
20×8 tI{
_y
20×7 jq-_4}w?C
3N:D6w-R
Sales h1(4Ic
64000 A(N4N
48000 { "E\Jcjl\
&~w}_Fjk
Cost of sales Q7A MRrN
54000 yppo6HGD
42000 Xm2'6f,
8i,K~Bu=
Net profit A(0lM`X
30
WN<zkM~3
-20 Xry47a
)
vcd\GN*4f
M@ZI\
December 31, 20×8 KGpA2Nx
December 31, 20×7
=rK+eG#,
6 aV_@no.C
Inventory v9UD%@tZ
16000 &"q=5e2
12000 W}1
;Z(.*
fxIf|9Qi`
Current assets ,?XCyHSgWW
60000 MJrR[h]
50000 yiI1x*^
m#F`] {
Total assets 8JD,u
100000 ]0\MmAJRn
90000 y)gKxRaCS
cs'{5!i]
Current liabilities gzg_>2Sj
20000 F}qc0
18000 x$%!U[!3
"g#i'"qnW
Total liabilities "wHFN>5B
30000 E+JqWR5
25000 Oc; G(l(
!?gKqx'T$
]g&TKm
During the audit, John has the following findings: *WT`o>
(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: b%5f&N
Dr. Cash in Bank RMB 5820000 V$?SR44>nH
Dr. Financial Expenses RMB 180000 alvrh'51
Cr. Notes Receivable RMB 6000000 {.\TtE
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: eGHaY4|
Dr. Non-operating Expenses RMB 3000000 U b!(H^zu
Cr. Provisions RMB 3000000 ?I@W:#>o
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 &`XVq"7
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: >e"#'K0?\
Dr. Provisions RMB 3000000 jalg5`PU0
Cr. Cash in Bank RMB 2500000 @|%2f@h
Cr. Non-operating Income RMB 500000 baK$L;Xo:
Required: #
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(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. '6Q=#:mc\
(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: Z)aUt
Srf
(a)Inventory Turnover Rate in 20×8; [zM-
^
(b)Gross Profit Ratio in 20×8; |H+Wed|
(c)After Tax Return on Total Assets in 20×8; and 8*T=Xei8
(d)Current Ratio as at December 31, 20×8 ^ovR7+V
(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. abLnI =W`
【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。 o.l-7
以下是未经审计财务报表的部分信息: \;"=QmRD%:
(单位:千元) Vy,DN~ag
项目 20×8 20×7 ox (%5c)b|
营业收入 64 000 48 000 cjIh}:|'
营业成本 54 000 42 000 tC9n
k5~
净利润 30 -20 H
DFOA
H+Sz=tg5
20×8年12月31日 20×7年12月31日 )%@J=&G8TT
存货 16 000 12 000 Hg$lXtn]
流动资产 60 000 50 000 )TH@#
1
总资产 100 000 90 000 #?9;uy<j.q
流动负债 20 000 18 000 v oj^pzZ
总负债 30 000 25 000 Tyf`j,=
在审计过程中,约翰发现以下事项: >s?S+W[L
(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: `lt"[K<
借:银行存款5 820 000 9 j9TPyC/2
财务费用 180 000 1HZO9cXJ
贷:应收票据6 000 000 =zKM=qba
(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: <<R*2b
借:营业外支出 3 000 000 7{I0s;R
贷:预计负债 3 000 000 K&K