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)。 +~l`rJ
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: )sBbmct_S
(Expressed in RMB thousands) y>iot e~
FINANCLAL STATEMENTS ITEMS z>9gt
20×8 l>{+X )
20×7 W;y ,Xs
`bMwt?[*
Sales IKVS7m
64000 NI)q<@ju
48000 \rPT7\ZA
6Cvg-X@
Cost of sales |\] _u 3
54000 ly)L%hG
42000 NUb:5tL
vgbk
{
Net profit u8sK~1CPf
30 1EcXvT=
-20 6S6E
1~
[(eO_I5ep
w?Nx^)xX
December 31, 20×8 xj
O((JC
December 31, 20×7 h&Q9
r5(-c]E7
Inventory S)~Riuy$
16000 -Ka0B={Z
12000 oNa*|CSE>
?KF.v1w7
Current assets v.pj
PBU1
60000 ~ @Au <
50000 8"2X 8C8
.>bvI1
Total assets Ii4lwZnz
100000 3|g]2|~w@h
90000 }2i3
XF=GmkO
Current liabilities 7.DAwx.HYK
20000 q)E
J?-
18000 G>H',iOI
BR[f{)
a5
Total liabilities {<}kqn83sT
30000 +5C*i@v
25000 wU =@,K
' *x?8-K P
'.&z y#
During the audit, John has the following findings: qGgqAF#B
(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: Gkq<?q({t
Dr. Cash in Bank RMB 5820000 ]&kzIxh
Dr. Financial Expenses RMB 180000 q9`!T4,
Cr. Notes Receivable RMB 6000000 _O*"_^6
(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: I_/kJ#7vj
Dr. Non-operating Expenses RMB 3000000 `fUem,$)1F
Cr. Provisions RMB 3000000 tzFgPeo$;
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 <u9U%Vsi
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: \hcb~>=C
Dr. Provisions RMB 3000000 |[]"{Eo"}
Cr. Cash in Bank RMB 2500000 g,seqh%
Cr. Non-operating Income RMB 500000 T-L;iH~0
Required: ND|!U#wMNV
(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. WF{rrU:
(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: u teI[Q
(a)Inventory Turnover Rate in 20×8; !ENb \'>J>
(b)Gross Profit Ratio in 20×8; ]/y&5X
(c)After Tax Return on Total Assets in 20×8; and ;2=H7dq
(d)Current Ratio as at December 31, 20×8 -{A!zTw1w
(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. (!^(74
【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。 P{!r<N
以下是未经审计财务报表的部分信息: I8 \Ka=w
(单位:千元) R;*3";+v|:
项目 20×8 20×7 fGD#|a;,
营业收入 64 000 48 000 +R_w- NI
营业成本 54 000 42 000 u\-f\Z7
净利润 30 -20 1Lf
:TQB
~+GMn[h
20×8年12月31日 20×7年12月31日 qq+fUfB2:
存货 16 000 12 000 XNU[\I
流动资产 60 000 50 000 6jRUkI-!
总资产 100 000 90 000 oKJj?%dHK9
流动负债 20 000 18 000 >|[74#}7
总负债 30 000 25 000 M8, W|eTM
在审计过程中,约翰发现以下事项: .d;XLS~
(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: N}*|*!6hI
借:银行存款5 820 000 4?AggqW
财务费用 180 000 0O,l
rF0 '
贷:应收票据6 000 000 m-Uq6_e
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: )&j4F)
借:营业外支出 3 000 000 U0+
Hk+
贷:预计负债 3 000 000 P"<