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)。 x9g#<2w8
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: t:Q*gWRh
(Expressed in RMB thousands) Il'fL'3
FINANCLAL STATEMENTS ITEMS +6\Zj)
20×8 \2$|Ei7
20×7 Q%G8U#Tm
2ilQX
y
Sales =,8]nwgo
64000 9A=,E&
48000 6{b>p+U
n>YKa)|W`
Cost of sales )t#W{Gzfmh
54000 eauF~md,
42000 EQM{
zF<R'XP
Net profit K%oG,-wdg
30 uXvtfc
-20 7:1Lol-V
*]X'( /b_
~>|ziHx
December 31, 20×8 }}~ |!8
December 31, 20×7 }7Q% 6&IR
ga +dt
Inventory i_%_ x*
16000 o+'6`g'8
12000 MTn{d
7.oM
J
Current assets K"MX!
60000 *2l7f`K
50000 Zy/_
E@C}u
;Y, y 4{H3
Total assets hVY$;s
100000 (LCfUI6;
90000 "y}5;9#,
Dd|VMW=
Current liabilities 2>%=U~5
20000 o]V^};B
18000 ~"!fP3"e
eR>oq,
Total liabilities {l@{FUv
30000 [
/r(__.
25000 uY To9A
R|(a@sL
tw@X>
G1
z
During the audit, John has the following findings: :2`e(+Uz
(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: SXh-A1t
Dr. Cash in Bank RMB 5820000 =3P)q"
Dr. Financial Expenses RMB 180000 TWTb?HP
Cr. Notes Receivable RMB 6000000 [a(#1
(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: ~}
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Dr. Non-operating Expenses RMB 3000000 %cn<ych
G
Cr. Provisions RMB 3000000 (ZlU^Gw#UB
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 sI2^Qp@O1
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: AbM'3Mkz
Dr. Provisions RMB 3000000 vY3h3o
Cr. Cash in Bank RMB 2500000 Mtx 4'WZ
Cr. Non-operating Income RMB 500000 c+ie8Q!
Required: 2\$oV
(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. %BODkc Zh
(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: UiNP3TJ'L
(a)Inventory Turnover Rate in 20×8; :`sUt1Fw.
(b)Gross Profit Ratio in 20×8; \;Weizq5
(c)After Tax Return on Total Assets in 20×8; and EU#^7
(d)Current Ratio as at December 31, 20×8 %C]>9."
(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. $~)SCbL^5
【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。 ['D]>Ot68
以下是未经审计财务报表的部分信息: Lw,h+@0
(单位:千元) zt%Mx>V@
项目 20×8 20×7 WIGi51yC.x
营业收入 64 000 48 000 zQ PQ
营业成本 54 000 42 000 E{(;@PzE
净利润 30 -20 kx^/*~ex
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