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)。 (}E-+:vFU
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: N'hj
(Expressed in RMB thousands) ZK,}3b{
FINANCLAL STATEMENTS ITEMS B198_T!
20×8 n.zVCKNH
20×7 #;cDPBv*wS
/LMb~Hy,
Sales Ch-56
64000 c*MSd
48000 \%\b*OO
$__e7
Cost of sales 6ExUNp @U>
54000 +LddW0h+=8
42000 9`{[J['V
[P#^nyOh(
Net profit s)Sa KE*d
30 o%#Z
-20 [XFZ2
'OO
mw}obblR
Zur7"OkQ
December 31, 20×8 * ;A I0
December 31, 20×7 'TclH80
f:iK5g
Inventory -f?Rr:#
16000 9HMW!DSK`
12000 _i [.5
tV2SX7N
Current assets etF?,^)h=g
60000 Fs_,RXW"
50000 $4.mRS97g
FI@2KM
Total assets /_~b~3
{u
100000 a(CZGIB
90000 4f,D3e%T|
%8iA0t+
Current liabilities TnET1$@qr*
20000 k f~71G+
18000 FxOhF03\=[
I0ycLx
Total liabilities <LM<,
30000 $eQ_!7Gom$
25000 9/C0DDb
M52kau
,-u | l
During the audit, John has the following findings: 6suB!XF;
(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: Y+N^_2@+C
Dr. Cash in Bank RMB 5820000 #|*;~:fz
Dr. Financial Expenses RMB 180000 u#=Yv|9
Cr. Notes Receivable RMB 6000000 j9C=m"O
(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: &*g5kh{
Dr. Non-operating Expenses RMB 3000000 &|<~J(L;
Cr. Provisions RMB 3000000 2^Gl;3
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 n`f},.NM|
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: ><iE VrpN
Dr. Provisions RMB 3000000 gUDd2T#
Cr. Cash in Bank RMB 2500000 AG)N^yd
Cr. Non-operating Income RMB 500000 [ d<|Cde
Required: A`u04Lm7
(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. ;}IF'ANA
(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: Z91gAy^z<
(a)Inventory Turnover Rate in 20×8; RLY Ae
(b)Gross Profit Ratio in 20×8; S4<@ji
(c)After Tax Return on Total Assets in 20×8; and mm%w0dOb"
(d)Current Ratio as at December 31, 20×8 b0LjNO@<
(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. C|"T!1MlY4
【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。 `g%]z@'+?
以下是未经审计财务报表的部分信息: ] d| -r:4
(单位:千元) )<4o"R:*
项目 20×8 20×7 ;nj 'C1
营业收入 64 000 48 000 t&SJ!>7_c
营业成本 54 000 42 000 d%9I*Qo0,
净利润 30 -20 93fKv
qM@][]j:
20×8年12月31日 20×7年12月31日 @FkNT~OZ
存货 16 000 12 000 EH3jzE3N
流动资产 60 000 50 000 (d993~|h
总资产 100 000 90 000 5WP[-J)
流动负债 20 000 18 000 [.<