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)。 m@o/ W
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: xsS/)R?
(Expressed in RMB thousands) ,lSt}Lml
FINANCLAL STATEMENTS ITEMS QCkPua9
20×8 l1}=>V1
20×7
td-2[Sy
<)c/PI[j
Sales yQb^]|XG
64000 #W[/N|~wx
48000 0-#SvTf>;:
4$9WJ~V{
Cost of sales k&|L"N|w
54000 y
BF3Lms
42000 B4AV ubMbe
9?<WRM3a>
Net profit A-<\?13uW
30 xe}
d&
-20 .Ymoh>JRL
E/x``,k
PY=(|2tb4
December 31, 20×8 TJ9JIxnS
December 31, 20×7 $ ;cZq
82#7TX4
Inventory xI?%.Z;*+
16000 '5zolp%St
12000 --E_s/
GkqKIs
Current assets 4:<74B
60000 ("UcjB^62
50000 z
zL@3/<j
X3zkUMk
Total assets xab1`~%K
100000 'Ba Ba
=
90000 8'J"+TsOW
]kUF>Wp
Current liabilities 7Pspx'u
20000 ^(7<L<H
18000 <PL94
2lNZwV7
Total liabilities 1,,kU
30000 M.|O+K z
25000 0<"4W:
&P'cf|KI
qP? V{N
During the audit, John has the following findings: e]-bB#-A
(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: ?m5@ 635
Dr. Cash in Bank RMB 5820000 ${\iHg[vZ
Dr. Financial Expenses RMB 180000 Gkci_A*
Cr. Notes Receivable RMB 6000000 KS%LX c('
(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: "w}}q>P+sA
Dr. Non-operating Expenses RMB 3000000 Dizc#!IGU
Cr. Provisions RMB 3000000 #&zNYzI
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ?B>
{rj
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: ,r\
Dr. Provisions RMB 3000000 %5<uQc9
Cr. Cash in Bank RMB 2500000 $g? ]9}p
Cr. Non-operating Income RMB 500000 l1*
qDzb
Required: yn=BO`sgW
(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. _7df(+.{<A
(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: Wj0=cIb
(a)Inventory Turnover Rate in 20×8; ?K9&ye_rgw
(b)Gross Profit Ratio in 20×8; Ce 3{KGBw
(c)After Tax Return on Total Assets in 20×8; and (
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(d)Current Ratio as at December 31, 20×8 1#LXy%^tO
(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. #
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【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。 ~)Z{ Yj9)S
以下是未经审计财务报表的部分信息: vsc)EM ]
(单位:千元) .}'49=c
项目 20×8 20×7 98 dl -?
营业收入 64 000 48 000 B->3/dp2c'
营业成本 54 000 42 000 i\E}!Rwl+
净利润 30 -20 2JY]$$K7
9K~0:c
20×8年12月31日 20×7年12月31日 I =G3
存货 16 000 12 000 /SDN7M]m!
流动资产 60 000 50 000 9eOP:/'}w
总资产 100 000 90 000 g}(yq:D
流动负债 20 000 18 000 ?U+^ctwv7
总负债 30 000 25 000 FvX<