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)。 c)QOgXv
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: Ac>GF
(Expressed in RMB thousands) Yk7^?W
FINANCLAL STATEMENTS ITEMS @a]`C
$6
20×8 )qWO}]F
20×7 4tt=u]:
?G5,x
Sales |z)7XK
64000 _2})URU<S
48000 Pi[(xD8
h5; +5B}D
Cost of sales 0M}Ql5+h,
54000 rN~V^k
42000 <U/r U9O
:y!{=[>M(
Net profit pAtxEaXh
30 51>OwEf<R
-20 Pv$O=N6-
cc3+Wx_
7ws[Rp8
December 31, 20×8 `LWb L*;Y0
December 31, 20×7 0te[i*G
_lOyT$DN
Inventory g+k
yvI7o
16000 rIj B{X{Z
12000 Js,.$t
VBu6,6
Current assets C:}"?tri
60000 e5sQ
l1
50000 $I3}%'`+
<*4r6UFR
Total assets O FlY"OS[
100000 gM
v0[~;u
90000 LkJ-M=y
sGJZG
Current liabilities v$|cF'yyF=
20000 YR~)07
18000 RM`iOV,Y
VSm{]Z!x
Total liabilities (M t-2+"+
30000 Z1+1>|-iW
25000 )G|'PXI@,
Z
uO
7N
)!D,;,aQ
During the audit, John has the following findings: ^pvnUODW[
(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: j1$s^ -9
Dr. Cash in Bank RMB 5820000 %t,Fxj4F
Dr. Financial Expenses RMB 180000 Qnv)\M1
Cr. Notes Receivable RMB 6000000 h\OMWJ~
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: bjs{_?
Dr. Non-operating Expenses RMB 3000000 p w`YMk
Cr. Provisions RMB 3000000 h!]=)7x;
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 140_WV?7
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 8<X;
8R
Dr. Provisions RMB 3000000 (yhnv Z
Cr. Cash in Bank RMB 2500000 >o!~T}J7
Cr. Non-operating Income RMB 500000 X~g~U|B@
Required: xAAwH@ +
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. )ocr.wU@
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: |VML.u:N
(a)Inventory Turnover Rate in 20×8; 'WJ3q|o/
(b)Gross Profit Ratio in 20×8; *Ag,/Cm]
(c)After Tax Return on Total Assets in 20×8; and sxU
0Fg
(d)Current Ratio as at December 31, 20×8 I
M~2=+
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 1ihdH1rg[
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ' u4TI=[6
以下是未经审计财务报表的部分信息: f5&K=4khn
(单位:千元) hxuc4C\J
项目 20×8 20×7 2G BE=T
营业收入 64 000 48 000 6n$g73u<=3
营业成本 54 000 42 000 ~myY-nEY
净利润 30 -20 7F wot&