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)。 +Ta7b)
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: ]86U-`p
(Expressed in RMB thousands) ]g:VvTJ;?
FINANCLAL STATEMENTS ITEMS IkD\YPL;
20×8 U:_&aY_
20×7 rt f}4.
|W?x6]~.R
Sales y$!~</=b
64000 v,kedKcxv'
48000 5{{u #W%=
vrH/Z.WD
Cost of sales Oq[tgmf
54000 4\t9(_
42000 m#Rll[
'l2`05
Net profit xK
/NzVt
30 `/"TYR%
-20
oM J5;
/']Gnt G.
~/QzL.S;p
December 31, 20×8 GQq2;%RrF
December 31, 20×7 }y'KS:Jb
!
}U&%2<69
Inventory ] OR]
16000 z1s9[5
12000 !tN]OQ)'
nNf/$h#;O
Current assets V0"UFy?i
60000 _Nlx)Y R
50000
dY|(
jyt
fGE:
Total assets ;l"z4>kt7
100000 {um~]
90000 \=1k29O
7R ;!
Current liabilities !RAyUfS
20000 +tl&Jjdm
18000 bq]af.o*
F?3a22Zg#
Total liabilities *joM[ML` 6
30000 ji:
JLvf]%
25000 4?;1cXXA
V9][a
VcA87*pel
During the audit, John has the following findings: a,!
c6'QE
(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: g?)9zJ9
Dr. Cash in Bank RMB 5820000 v:eVK!O
Dr. Financial Expenses RMB 180000 Busxg?=
Cr. Notes Receivable RMB 6000000 0Kq\ oMn
(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: 8nW#Q<s
Dr. Non-operating Expenses RMB 3000000 weKwBw
Cr. Provisions RMB 3000000 c[f
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 l\JoWL
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: &K/5AH"q
Dr. Provisions RMB 3000000 (Jy7
Cr. Cash in Bank RMB 2500000 yS %J$o&
Cr. Non-operating Income RMB 500000 eE+zL~CE
Required: Jr|"` f%V
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. }qRYXjS
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: xbSix:R=Z
(a)Inventory Turnover Rate in 20×8; ==~X8k|{E
(b)Gross Profit Ratio in 20×8; YOd0dKe
(c)After Tax Return on Total Assets in 20×8; and /V^Gn;
(d)Current Ratio as at December 31, 20×8 )L<NW{
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. PH^AT<U:T
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 \GEFhM4)
以下是未经审计财务报表的部分信息: c\065#f!
(单位:千元) %[l5){:05
项目 20×8 20×7 vm_+U*%c
营业收入 64 000 48 000 K]1A,Q
营业成本 54 000 42 000 amK"Z<V F
净利润 30 -20 /z.Y<xOc
D<$,v(-
20×8年12月31日 20×7年12月31日 jA?A)YNQb
存货 16 000 12 000 c=0S]_
流动资产 60 000 50 000 WnyEdYA
总资产 100 000 90 000 P{
h;2b{
流动负债 20 000 18 000 <
-D>^p9
总负债 30 000 25 000 _8v8qT}O~4
在审计过程中,约翰发现以下事项: !uL z%~F
(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: *VG
#SK
借:银行存款5 820 000 |7LhE+E
财务费用 180 000 5
B<