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)。 6Q?BwD+>
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: m9 ^m
(Expressed in RMB thousands) ex{)mE4Cd
FINANCLAL STATEMENTS ITEMS ',:3>{9
20×8 jQO*oq}
20×7 (\T8!s{AO
S_a :ML<
Sales }klE0<W|5\
64000 | pF5`dX
48000 *sjj"^'=
;O
Q#@|D
Cost of sales pM1=UF
54000 %g!yccD9
42000 9yO{JgKA
USlF+RY@3L
Net profit s@/B*r9
30 &19lk
-20 ^qE<yn
.`:oP&9r
@$2`DI{_^
December 31, 20×8 #9URVq,
December 31, 20×7 nh _DEPMq
JsZAP
Inventory F<6KaZ|
16000 ;D%$Eh&oma
12000 7}. #Z
%i;r]z-
Current assets Oex{:dO "F
60000 QC$=Fs5+
50000 vo:52tCk}m
MzBfHt'Rk
Total assets UchALR^5
100000 Zkwy.Hq^
90000 x@{G(W:W
Q
`J,dzY
Current liabilities @2x0V]AI
20000 z^gDbXS
18000 C:
|q'"F
4d{"S02h
Total liabilities I!C(K^
30000 U08<V:~
25000 _ Yb
Eo+
L%c
]%3A
gb!@OZ c
During the audit, John has the following findings: @&nx;K6h
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: w>H%[\Qs
Dr. Cash in Bank RMB 5820000 2?#y
|/
Dr. Financial Expenses RMB 180000 ~frPV8^DP
Cr. Notes Receivable RMB 6000000 N"q+UCRC
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: o$[a4I
Dr. Non-operating Expenses RMB 3000000 r'mnkg2,
Cr. Provisions RMB 3000000 >oM9~7f
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ,H#qgnp
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: DK#65H'
Dr. Provisions RMB 3000000 1 $KLMW
Cr. Cash in Bank RMB 2500000 >#"jfjDuR
Cr. Non-operating Income RMB 500000 O+{pF.P#V
Required: zm;*:]S
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. AAlmG9l&7
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Ee$"O6*!
(a)Inventory Turnover Rate in 20×8; cEh0Vh-]
(b)Gross Profit Ratio in 20×8; {WM&
(c)After Tax Return on Total Assets in 20×8; and 0`g}(}'L
(d)Current Ratio as at December 31, 20×8 eMpEFY
(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. xVh\GU855
【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。 =
C$@DNEc
以下是未经审计财务报表的部分信息: @4 Os?_gJ\
(单位:千元) :*F3
项目 20×8 20×7 @'F8 |I 6
营业收入 64 000 48 000 E,ZB;
营业成本 54 000 42 000 _Vk,&