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)。 _r@
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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: =4+Wx8ZeW
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS plcz m 2
20×8 l6]:Zcd0
20×7 Cak`}J 2
DyhW_PH2J
Sales }#]2u|G
64000 E}LYO:
48000 VJviX[V?4
r{R879
Cost of sales
`=TV4h4
54000 olda't
42000 2NMS'"8
}22h)){n#Y
Net profit wl2P^Pj
30 !6.}{6b
-20 WD.td
O1]L4V1iH
i286 J.
December 31, 20×8 .{r 0Szm.
December 31, 20×7 Vcjmj
sa6/$
Inventory b`:n i
16000 OynQlQD/Eu
12000 Fq>tl 64A
2E7vuFH4c
Current assets drRi<7
i
60000 &/wd_;d^A
50000 SWwL.-+E]
5AFy6Ab
Total assets &}}UdJ`
100000 @s7ZfV??
90000 .t53+<A
b&]_5 GGc
Current liabilities )c432).Z
20000 P qUjBP\
18000 $?`-} wY
$>if@}u
Total liabilities Sr Vo0$5)
30000 K3g<NC
25000 QT`|"RI%
A?)nLp&Y
#^FDG1=
During the audit, John has the following findings: 5ub|r0&M
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: B=!&rKF
Dr. Cash in Bank RMB 5820000 4 q-/R
Dr. Financial Expenses RMB 180000 kn5X:@{
Cr. Notes Receivable RMB 6000000 R V@'$`Q
(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: L<dJWxf?D
Dr. Non-operating Expenses RMB 3000000 4{zz-4=
Cr. Provisions RMB 3000000 NAg9EaWja{
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 cpLlkR O
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: @*>kOZ(3
Dr. Provisions RMB 3000000 r.z=
Cr. Cash in Bank RMB 2500000 Q3h_4{w
Cr. Non-operating Income RMB 500000 |J:|56kVZq
Required: gPT<%F
(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. _EEOBaZ
(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: rg5ZxN|g
(a)Inventory Turnover Rate in 20×8; Z.QgL=
(b)Gross Profit Ratio in 20×8; ctk~}(1#
(c)After Tax Return on Total Assets in 20×8; and a%g |E'\Jw
(d)Current Ratio as at December 31, 20×8 \5
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(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. ;URvZ! {/Z
【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。 <y`MUpf]
以下是未经审计财务报表的部分信息: AX{X:L8Ut2
(单位:千元)
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项目 20×8 20×7 1U?,}w
营业收入 64 000 48 000 u2 a#qU5*
营业成本 54 000 42 000 `AcUxnO
净利润 30 -20 > a?K![R
R"2wop
20×8年12月31日 20×7年12月31日 MrU0Jrk4+
存货 16 000 12 000 WPu-P
流动资产 60 000 50 000 3u,C I!
总资产 100 000 90 000 *r90IS}A$2
流动负债 20 000 18 000 ~vPR9\e
总负债 30 000 25 000 [aS<u`/g|
在审计过程中,约翰发现以下事项: 'X%5i2
(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: P$7i>(?(
借:银行存款5 820 000 R`HC
EX)
财务费用 180 000 D\H;
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贷:应收票据6 000 000 d YliC
(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: 7ciSIJ
借:营业外支出 3 000 000 ATG;*nIP
贷:预计负债 3 000 000 hj4mbL
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: 7{JIHY+
借:预计负债 3 000 000 sF4+(9 =
贷:银行存款 2 500 000 :w,#RcW
营业外收入 500 000 ! 'qY
要求: I%<