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)。 ^B>
4:+^
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: #ra:^9;Es:
(Expressed in RMB thousands) !}Cd_tj6
FINANCLAL STATEMENTS ITEMS "D
fvoQ P
20×8 ^0A'XCULG
20×7 +'hcFZn(T
UFm E`|le
Sales ^ ,U9N
64000 Nx;U]O6A
48000 xhj
A!\DS
ft4J.oT
Cost of sales b 9F=}.4
54000 X]tjT
42000 !ZD[ $lt+
ZVVK:dDgt
Net profit C B
=H1+
30 ^'*9,.ltd
-20 Mfuw y
t!AHTtI
S;MS,R
December 31, 20×8 rH$0h2
December 31, 20×7 ;:hyW,J
#ZRQVC; b;
Inventory = %\;7
16000 {Z3B#,V(g
12000 {(Drw~/@
| ?~-k[|
Current assets z#SBt`c
60000 8 POrD8B
50000 C5\bnk{
'|G_C%,B
Total assets /4<eI3Z
100000 smF#'"{
90000 A+69_?B
TH
mBhG"0:
Current liabilities > mgbs>
20000 NELQo#kjZ
18000 \3hhM}6)DM
T""X~+{Z@
Total liabilities SVpvx`&kT
30000 W> s@
fN9
25000 DAj@wn3K?
c1'OIK C
89Svx5S
During the audit, John has the following findings: 5tX|@Z:
z
(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: WXp=>P[
Dr. Cash in Bank RMB 5820000 ;m,lS_[c
Dr. Financial Expenses RMB 180000 (?72 vCc
Cr. Notes Receivable RMB 6000000 &^8>Kd8
(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: A5Qzj]{ba
Dr. Non-operating Expenses RMB 3000000 & G@(f=
Cr. Provisions RMB 3000000 P)XkqOGpT9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 EtWpB g
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: tY C`?HT
Dr. Provisions RMB 3000000 \( LKLlam
Cr. Cash in Bank RMB 2500000 p^Kp= z
Cr. Non-operating Income RMB 500000 @sO*O4os>
Required: A=o
p R
(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. \O/EY&
(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: CeNpJ
(a)Inventory Turnover Rate in 20×8; c
(O+s/
(b)Gross Profit Ratio in 20×8; h6c8hp.
(c)After Tax Return on Total Assets in 20×8; and ;``*]tY$
(d)Current Ratio as at December 31, 20×8 @]1E~
(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. JUok@6
【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。 KFor~A# D
以下是未经审计财务报表的部分信息: 0NK]u~T<
(单位:千元) 8)&H=#E
项目 20×8 20×7 s1<_=sfnT
营业收入 64 000 48 000 5YUn{qtD
营业成本 54 000 42 000 2lDgvug
净利润 30 -20 46o3F"
*r!1K!c
20×8年12月31日 20×7年12月31日 e,>L&9] ZI
存货 16 000 12 000 g><u(3
流动资产 60 000 50 000 %@'9<