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)。 \]Rmq_O
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: 'f6!a5qC
(Expressed in RMB thousands) }m S
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FINANCLAL STATEMENTS ITEMS _;-b ZH
20×8 VGOdJ|2]Wr
20×7 $-gRD|oY
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Sales S4{\5ulr7
64000 zZS,<Z
48000 <p[
RhP
yRz l}
Cost of sales Ljk0K3Q6>
54000 TH+TcYqO
42000 DMT2~mh
0:eK}tC
Net profit RR>G}u9np
30 M2nZ,I=l
-20 7Ur'@wr
dkZ[~hEQG-
dz?Ey~;M
December 31, 20×8 KzB9
mMrO
December 31, 20×7 u)l[*";S
l+?sR<e?!
Inventory EHt(!;?q
16000 Vje LPbk)
12000 &tw{d DD6
[V;Q#r&+
Current assets r4 ;nkx
60000 $oZV 54
50000 L(BL_
M'$?Jp#]}
Total assets jDW$}^
6
100000 ['
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90000 ,m)YL>
k
q_:B=w+bC
Current liabilities m_UzmWF
20000 U?ZxQj66}
18000 kk
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@ oFuX.
Total liabilities 1@`mpm#Y
30000 }k6gO0z
25000
5R O_)G<
nAyyjd3!S
+4K'KpFzZ
During the audit, John has the following findings: "R-Pe\W
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: !^w}Sp
Dr. Cash in Bank RMB 5820000 It8@Cp.dU
Dr. Financial Expenses RMB 180000 \eS-wO7%
Cr. Notes Receivable RMB 6000000 !:|D[1m
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 0+_:^z
Dr. Non-operating Expenses RMB 3000000 T?8N$J
Cr. Provisions RMB 3000000 &fwb?Vn4
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 "@&I*1&
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: AO0aOX8_+D
Dr. Provisions RMB 3000000 :4S~}}N
Cr. Cash in Bank RMB 2500000 m H&WoL<K
Cr. Non-operating Income RMB 500000 +p &$`(
Required: t%30B^Ii%K
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. S{)'1J_0
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios:
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(a)Inventory Turnover Rate in 20×8; ]q
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(b)Gross Profit Ratio in 20×8; YXTd^M~@D
(c)After Tax Return on Total Assets in 20×8; and yv.(Oy
(d)Current Ratio as at December 31, 20×8 J ?H|"
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. I#](mRJ6
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 EN~ha:9
以下是未经审计财务报表的部分信息: hkR Jqta)
(单位:千元) H,U qU3b3
项目 20×8 20×7 ,F
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营业收入 64 000 48 000 \oAxmvt
营业成本 54 000 42 000 RQd5Q.
净利润 30 -20 Kv6#WN~
X:gE
mcXc
20×8年12月31日 20×7年12月31日 R>`TV(W`9
存货 16 000 12 000 !8OUH6{2
流动资产 60 000 50 000 JJE0q5[
总资产 100 000 90 000 +L<x0-&
流动负债 20 000 18 000 t+O7dZt%r
总负债 30 000 25 000 n ,CMGe^:
在审计过程中,约翰发现以下事项: .k:Uj-&
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: OwG:+T_
借:银行存款5 820 000 Ih5F\eM
财务费用 180 000 <}^l MBa
贷:应收票据6 000 000 "%{J$o
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: "(SZ;y
借:营业外支出 3 000 000 j{;IiVHnR
贷:预计负债 3 000 000 )x&OdFX
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: t[?O*>
借:预计负债 3 000 000 >,QW74o
贷:银行存款 2 500 000 bY7~b/
营业外收入 500 000 7%Ii:5Bp
要求: D*o[a#2_
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 )w!*6<