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)。 2%m BK
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: ES7s1O$#
(Expressed in RMB thousands) \M^bD4';>
FINANCLAL STATEMENTS ITEMS p6V0`5@t
20×8 d7upz]K9g
20×7 g!|kp?
8GUX{K
Sales va@Lz&sAE%
64000 Bwxd&;E
48000 N4!O.POP
n 7[V&`e_
Cost of sales a;+9mDXx:
54000 d#FQc18v}k
42000 <]2w n
T8$y[W-c
Net profit {EQOP]
30 CD~.z7,LC
-20 ^09,"<@k
#X
1ND
DTL.Bsc-.
December 31, 20×8 PJH&
December 31, 20×7 #\m<Sz5Gp#
)y$(AJx$
Inventory 4!?eRY
16000 ;e *!S}C,
12000 #_p\Ie*rd
(!WD1w
Current assets g($2Dk_F2
60000 "chDg(jMZ
50000 W'TZ%K) I
6i/(5 nQ
Total assets YaqJ,"GlT
100000 rx|pOz,:
90000 5$k:t
FZnw0tMq
Current liabilities
b>ySv
20000 ` Sz}`+E
18000 '`
Hr}
gcT%c|.
Total liabilities gPPkT"
30000 |+9&rAg
25000
P*j|.63
wibNQ`4k
O=7CMbS3
During the audit, John has the following findings: kAUy
mds;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: BI@[\aRLQ
Dr. Cash in Bank RMB 5820000 |FRg\#kf%
Dr. Financial Expenses RMB 180000 p!%pP}I
Cr. Notes Receivable RMB 6000000 OjA,]Gv6
(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: V0mn4sfs
Dr. Non-operating Expenses RMB 3000000 Ny/MJ#Lq
Cr. Provisions RMB 3000000 Q7CsJzk~)
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;O,jUiQ
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: } Q+|W=2t
Dr. Provisions RMB 3000000 C0Z=~Q%
Cr. Cash in Bank RMB 2500000 -KbYOb
Cr. Non-operating Income RMB 500000 m1A J{cs
Required: y@yD5$/
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. Y'X%Aw;`
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ?a]mDx>xh
(a)Inventory Turnover Rate in 20×8; #/37V2E
(b)Gross Profit Ratio in 20×8; r3?o9D>
(c)After Tax Return on Total Assets in 20×8; and wMN]~|z>
(d)Current Ratio as at December 31, 20×8 1$ {SRU7l
(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. Vxt+]5X
【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。 U6s[`H3I{
以下是未经审计财务报表的部分信息: .=;
;
(单位:千元) Iq.*8Oc
项目 20×8 20×7 N'=gep0V@
营业收入 64 000 48 000 $ ocdI5
营业成本 54 000 42 000 _)-o1`*-
净利润 30 -20 ,/unhfs1q
],].zlN
20×8年12月31日 20×7年12月31日 _o~nr]zx
存货 16 000 12 000 0{SL&<&