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)。 mBSa*s
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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: ;BUJ5
(Expressed in RMB thousands) O7%<(
FINANCLAL STATEMENTS ITEMS ;3OQgKI
20×8 hC?:XVt
20×7 W'u6F-$2
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Sales "<H.F87Z)
64000 OF&{mJH"g'
48000
i-w^pv'
Q{T6t;eH
Cost of sales @&t';"AE
54000 G=/a>{
42000 qZACX.Hw
qk;*$Q
Net profit '=K
[3%U
30 htX;"R&
-20 |1wfLJ4--l
L|
.q19b*
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December 31, 20×8 h3D~?Iom
December 31, 20×7 : kz*.1
iz!E1(z(
Inventory e\%+~GUTC=
16000 pQAG%i^mF
12000 a~E@scD
$mOVo'2
Current assets ivDmPHj{
60000 k=1([x
50000 ms2y[b
Uyf<:8U\
Total assets ?,uTH
4
100000 {\z&`yD@
90000 BH6)`0&2*N
2(M^8Bl
Current liabilities |^9+c2
20000 F5la:0fb
18000 ap;?[B~Ga
TP7'tb
Total liabilities IlQNo 1
30000 X^;[X~g
25000 </!
`m8 \
jej|B#?`
]Hr:|2|.
During the audit, John has the following findings: fd~a\5%e
(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: =OY&;d!C
Dr. Cash in Bank RMB 5820000 zY_xJ"/9
Dr. Financial Expenses RMB 180000 8>^(-ca_
Cr. Notes Receivable RMB 6000000 C+ibLS4i
(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: !kCMw%[
Dr. Non-operating Expenses RMB 3000000 ms9zp?M
Cr. Provisions RMB 3000000 n[DQ5l
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 {6H%4n
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: =P'33)
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Dr. Provisions RMB 3000000 ZccQ{$0H
Cr. Cash in Bank RMB 2500000 v`&
Cr. Non-operating Income RMB 500000 [MLJs-*
Required: \i1>/`F
(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.
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(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:
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(a)Inventory Turnover Rate in 20×8;
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(b)Gross Profit Ratio in 20×8; 70pt5O3]
(c)After Tax Return on Total Assets in 20×8; and OS|uZ<"Rq3
(d)Current Ratio as at December 31, 20×8 'lmZ{a6
(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. %f??O|O3
【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。 F>N3GPRl
以下是未经审计财务报表的部分信息: .gY}}Q
(单位:千元) P(iZGOKUs=
项目 20×8 20×7 dLA'cQId
营业收入 64 000 48 000 BC!n;IAe
营业成本 54 000 42 000 Twqkd8[
净利润 30 -20 zx)^!dEMM
"V/|RC
20×8年12月31日 20×7年12月31日 F.;G6
存货 16 000 12 000 lIR0jgP@z
流动资产 60 000 50 000 $BIQ#T>qK
总资产 100 000 90 000 jC_7cAsl
流动负债 20 000 18 000 <(|No3jx
总负债 30 000 25 000 e| AA7
在审计过程中,约翰发现以下事项: $7Sbz&)y3
(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: O<}^`4d
借:银行存款5 820 000 x0t&hY