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)。 ZzO.s$
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: .3T#:Hl
(Expressed in RMB thousands) M)CE%
/P
FINANCLAL STATEMENTS ITEMS 3/((7O[
20×8 .
!;K5U
20×7 uzUZuJ
?qjlWCV|e
Sales W[tX%B
64000 HOAgRhzE
48000 !|S{e^WhbU
lAPvphO
Cost of sales u~
^d5["T
54000 <ekLL{/O'
42000 R~DZY{u+/$
Vpkk
iN
Net profit UDz#?ZWnd
30 P
G/xX
H
-20 "V/6 nuCo
<jvSV5%
f'<MDLl
December 31, 20×8 -F| C6m!
December 31, 20×7 :|?nz$
H#;-(`F
Inventory r/vRaOg>X
16000 x:)8+Rn}
12000 Q7$K,7flf;
n++L
=&Wd
Current assets kW@,P.88
60000 +MfdZD
50000 !4f0VQI
%kJ_o*"
Total assets ,D`iV| (
100000 }vbs6u
90000 KGsH3{r
C&vUZa[p
Current liabilities q^_PR|
20000 Xn'{g
18000 CcZ\QOet&C
M8BN'%S
Total liabilities #;
32(II
30000 02_%a1g
25000 (*Jcx:rH
<QyJJQM
BQcrF{
q
During the audit, John has the following findings: OXs-gC{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: Tc DkKa
Dr. Cash in Bank RMB 5820000 ;oQ*gd
Dr. Financial Expenses RMB 180000 ~EVD NnHEr
Cr. Notes Receivable RMB 6000000 H)),
~<s
(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: 0P<bS?e<l
Dr. Non-operating Expenses RMB 3000000 ^hhJ6E_W
Cr. Provisions RMB 3000000 32r2<QrX
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 !?o661+b
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: ix<sorR H
Dr. Provisions RMB 3000000 hDp
-,ag{
Cr. Cash in Bank RMB 2500000 4{h?!Z*
Cr. Non-operating Income RMB 500000 d+_wN2
Required: DL5`A?/
(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. DA_[pR
(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: $W
46!U3
(a)Inventory Turnover Rate in 20×8; Y7yh0r_
(b)Gross Profit Ratio in 20×8; R)AFaP |
(c)After Tax Return on Total Assets in 20×8; and aD aQ7i
(d)Current Ratio as at December 31, 20×8 G] -$fz
(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. (=d%Bn$6b
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 MVW2%6
以下是未经审计财务报表的部分信息: aN7VGc
(单位:千元) ?-
5{XrNm
项目 20×8 20×7 ;
IC :]Zu
营业收入 64 000 48 000 h\k!X/
营业成本 54 000 42 000 d~](S<k
净利润 30 -20 T#.5F7$u
]o<'T.x
20×8年12月31日 20×7年12月31日 N:j"W,8
存货 16 000 12 000 KJ]:0'T
流动资产 60 000 50 000 pJC@}z^cw
总资产 100 000 90 000 ^mLZT*
流动负债 20 000 18 000 @'.(62v
总负债 30 000 25 000 Vx5ioA]{
在审计过程中,约翰发现以下事项: `B+P$K<