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)。 'Ffy8z{&3
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: u6iU[5
(Expressed in RMB thousands) n ,&/D
FINANCLAL STATEMENTS ITEMS
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20×8
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20×7 fd5ZaE#f
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Sales 7|+|\7l#
64000 R%Ui6dCLo
48000 ^6)GS%R
RVgPH<1X@e
Cost of sales I9[1U
54000 Uw2,o|=O
42000 !^)wPmk
tp
6csS,
Net profit XSm"I[.g
30 cQ3W;F8|n
-20 MG7 ?N #
rP^TN^bd|
Ge^zX$.'
December 31, 20×8 7xv4E<r2
December 31, 20×7 ZR;8rZ](
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Inventory yqC Q24
16000 V-KL%
12000 _KB{J7bs<a
T~i%j@Q.6
Current assets W>5vRwx00
60000 ]^J+-c
50000 g.B%#bfg
?a'6EAErC
Total assets @uI?
100000 V=j-Um;
90000 ||-nmOy
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Current liabilities C5O5S:|'
20000 Y7<zm}=(/
18000 g>2aIun_Q
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Total liabilities .]W
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30000 s?QVX~S"
25000 '|vD/Qf=&
R)0N0gH
f4 ]N0
During the audit, John has the following findings: $&cz$jyY
(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: T>}0) s
Dr. Cash in Bank RMB 5820000 6g5PM4\
Dr. Financial Expenses RMB 180000 Y/.AUN
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Cr. Notes Receivable RMB 6000000 :83,[;GO2
(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: 2\^G['9
Dr. Non-operating Expenses RMB 3000000 2
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Cr. Provisions RMB 3000000 21r==
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 x(L(l=^"
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: bGbqfO`
Dr. Provisions RMB 3000000 `W@T'T"
Cr. Cash in Bank RMB 2500000 ,i?)
Cr. Non-operating Income RMB 500000 ojH
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Required: >[ eW">:>K
(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. QX[Djz0H8
(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: +7,8w
(a)Inventory Turnover Rate in 20×8; z{ptm7
(b)Gross Profit Ratio in 20×8; 9<yAQ?7L
(c)After Tax Return on Total Assets in 20×8; and `
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(d)Current Ratio as at December 31, 20×8 Zp?4uQ)[W
(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\a]n^
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【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。 ~12_D'8D[
以下是未经审计财务报表的部分信息: H&M1>JtE
(单位:千元) D^Te%qnW
项目 20×8 20×7 'It?wB W
营业收入 64 000 48 000 et=7}K]l
营业成本 54 000 42 000 ,V,f2W 4
净利润 30 -20 .*BA 1sjE
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20×8年12月31日 20×7年12月31日 ?hnx/z+uT
存货 16 000 12 000 |,b2b2v?
流动资产 60 000 50 000 z~,mRgc$B
总资产 100 000 90 000 KU-'+k2s;p
流动负债 20 000 18 000 pz{'1\_+9
总负债 30 000 25 000 8p&kL