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)。 MUh)
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: 16 _HO%v->
(Expressed in RMB thousands) (YVl5}V
FINANCLAL STATEMENTS ITEMS OmQSNU.our
20×8 ,%w_E[2
20×7 IHZ WNT2
MC D]n
Sales j0B, \A
64000 @vh3S+=M
48000 ^W5rL@h_
z6#N f,
Cost of sales *v)JX _
54000 ~O;!y%
42000 d/!sHr69
GM
U.Kt
Net profit f50qA;
7k
30 PX65Z|~>_
-20 [X ]\^
2+M(!FHfy
ck>|p09q'9
December 31, 20×8 */sVuD^b`
December 31, 20×7 O+%Y1=S[WQ
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(h
Inventory B(wk $2
16000 kbJ/7
12000 _6Wz1.]n
zhY VMQ
Current assets K++pH~o
60000 WCA`34(
50000 gRIRc4p
5\8Ig f>
Total assets U>7"BpC
100000 7Oe |:Z
90000 E]WammX c
H$zjN8||"
Current liabilities
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20000 pXL_`=3Q
18000 V|zzj[c
D{'x7!5r
Total liabilities o\vIYQ
30000 ks<gSCB
25000 x^^;/%p
O|m-Uz"+
{\[u2{
During the audit, John has the following findings: "(5A5>
(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: fq
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Dr. Cash in Bank RMB 5820000 3C 84b/A
Dr. Financial Expenses RMB 180000 /s.sW l
Cr. Notes Receivable RMB 6000000 htk5\^(X
(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: A<2_V1
Dr. Non-operating Expenses RMB 3000000 gm~Ka%O|F
Cr. Provisions RMB 3000000 zD}dvI}
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 lTW5>%
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: Pwf2dm$,+
Dr. Provisions RMB 3000000 |(N4ZmTm
Cr. Cash in Bank RMB 2500000 QE[ETv
Cr. Non-operating Income RMB 500000 |UZPn>F~
Required: VFz(U)._
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. #X'!wr|-
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 34_:.QK-
(a)Inventory Turnover Rate in 20×8; ,pE{N&p9
(b)Gross Profit Ratio in 20×8; Ug*:o d
(c)After Tax Return on Total Assets in 20×8; and LL|$M;S
(d)Current Ratio as at December 31, 20×8 +RQl
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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. w]X~I/6g
【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。 +Rn]6}5m\
以下是未经审计财务报表的部分信息: pE@Q
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(单位:千元) Bm2"} =
项目 20×8 20×7 [U@#whE O
营业收入 64 000 48 000 )pLde_ k
营业成本 54 000 42 000 g0GC
g
净利润 30 -20 DcaVT]"
W(a31d
20×8年12月31日 20×7年12月31日 ^+tAgK2
存货 16 000 12 000 U">w3o|
流动资产 60 000 50 000 e}Cp;c]=
总资产 100 000 90 000 ?ORG<11a
流动负债 20 000 18 000 Fl<|/DCg
总负债 30 000 25 000 { \9vW; '
在审计过程中,约翰发现以下事项: TbbtD"b?
(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: \)'s6>58|
借:银行存款5 820 000 {j O:9O@
财务费用 180 000 `K37&b