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)。 i c{I
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: w{tA{ {
(Expressed in RMB thousands) G$C2?|V)=
FINANCLAL STATEMENTS ITEMS NO5k1/-
20×8 A'EI1_3{
20×7 I0
t#{i
dgVGP_~
Sales 24wDnDyh
64000 *;Kp"j
48000 +^7cS6"L
#S7oW@
Cost of sales I_1?J*
b4k
54000 S*l/
Sa@
42000 Cmx<>7fN
zg jg #|
Net profit o)I)I/v
30 n@pwOHQn<|
-20 9a_P 9s3w
SQ)BS/8A
S9dxrm?
December 31, 20×8 ~(GvjB/C8
December 31, 20×7 U5"u
h} 3
-VohU-6 |
Inventory 8~U
^G[!
16000 O>)eir7
12000 Le#srr
a
4?A 5
Current assets XL*M#Jx
60000 }+jB5z'w
50000 t|@5,J
99OZK
Total assets Jxl'!8t
100000 P#TPI*qw
90000 &[yC M!
4&E"{d
>
Current liabilities 0Y oKSo
20000 4Uny.C]
18000 APl]EV"l
!$Uo$?gC
Total liabilities fTEZ@#p
30000 'bbw0aB4
25000 + }"+
@,<jPR.
|?KYY0
During the audit, John has the following findings: 1XiA
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: |k~AGc
Dr. Cash in Bank RMB 5820000 }8^qb5+!3
Dr. Financial Expenses RMB 180000 -#I]/7^
Cr. Notes Receivable RMB 6000000 ^mC~<pP(
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: |>}CoR7
Dr. Non-operating Expenses RMB 3000000 co,0@.i
Cr. Provisions RMB 3000000 10Eun }
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 P 0\`4Cr!
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: iZTU]+z!
Dr. Provisions RMB 3000000 #GGa, @O
Cr. Cash in Bank RMB 2500000 !WXV1S
Cr. Non-operating Income RMB 500000 0^*,E/}P&
Required: ]Q FI>
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. A"r<$S6
(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: 7bYwh8
(a)Inventory Turnover Rate in 20×8; 6EC',=)6R
(b)Gross Profit Ratio in 20×8; pbKmFweq
(c)After Tax Return on Total Assets in 20×8; and <Ve0Ph K
(d)Current Ratio as at December 31, 20×8 [ as,AX
(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. l]wfL;u
【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。 n\;
;T1rM
以下是未经审计财务报表的部分信息: I{w(`[Nxw*
(单位:千元) zsQ]U!*rD
项目 20×8 20×7 p+b/k2Q
营业收入 64 000 48 000 hV $Zr4'
营业成本 54 000 42 000 cKYvNM
净利润 30 -20 O+&;,R:
l!gX-U%-
20×8年12月31日 20×7年12月31日 $mK;{9Z
存货 16 000 12 000 Uic
流动资产 60 000 50 000 [!
U%''
总资产 100 000 90 000 :PV3J0pB~
流动负债 20 000 18 000 iUz?mt;k
总负债 30 000 25 000 ]ovtH.y
在审计过程中,约翰发现以下事项: %KF I~Qk
(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:
Wx}-H/t'2
借:银行存款5 820 000 7x.j:{2
财务费用 180 000 NcbW"Qv3
贷:应收票据6 000 000 'WHI.*=
(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: @=G[mc\
借:营业外支出 3 000 000 O!>#q4&]
贷:预计负债 3 000 000 ~NE`Ad.G
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: m>Z3p7!N}
借:预计负债 3 000 000 H3 !9H
贷:银行存款 2 500 000 oM1C/=8
营业外收入 500 000 h}|
.#!C3
要求: t[;-gi,,
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 aAqM)T83
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: %>/&&(BE
(a)20×8年存货周转率 !pj&