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)。 kdX]Afyj
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: B-<H8[GkG1
(Expressed in RMB thousands) ,/qS1W(
FINANCLAL STATEMENTS ITEMS jo-qP4w
20×8 !P6\-.
20×7 m R3km1T
yE \dv
)(<
Sales @\=%M^bx
64000 YMSA[hm
48000 uH 6QK\
k365.nc
Cost of sales }h6N.vz
54000 "t{|e6
42000 jNIZ!/K
W+'|zhn
Net profit !H5r+%Oo|
30 P7||d@VW,
-20 V ?10O
dh~+0FZ
{A
:d7tzYT ^
December 31, 20×8 Rw54`_kFEB
December 31, 20×7 c&Mci"nj0
p&:(D=pIu
Inventory O%(E 6
n
16000 U(.3[x
12000 `xO9xo#
jH1!'1s|
Current assets 4mG?$kCN
60000 yH<^txNF
50000 -L&FguoVB
<V}^c/c!
Total assets H'L~8>
100000 bUW`MH7yJ
90000 llf|d'5Nl
G|Du/XYh
Current liabilities K#B)@W?9
20000 )1>fQ9
18000 )V}u}5
)1KlcF
Total liabilities }NQ{S3JW
30000 i#@3\&{J>
25000 H$
!78/f
8( ^;h2O!
u
|hT1l
During the audit, John has the following findings: X676*;:!.
(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: X0=#e54
Dr. Cash in Bank RMB 5820000 a!1\,.
Dr. Financial Expenses RMB 180000 %n3lm(-0U
Cr. Notes Receivable RMB 6000000 \X=?+|
9
(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: IT3xX=|b
Dr. Non-operating Expenses RMB 3000000 _?M71>3$.
Cr. Provisions RMB 3000000 CvwC| AW
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 1k5o?'3&
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: *Ge2
P3
Dr. Provisions RMB 3000000 ~*|0yPFg
Cr. Cash in Bank RMB 2500000 7*e7P[LQU
Cr. Non-operating Income RMB 500000 L}bS"=B[&W
Required: Z /-!-
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. g4 BEo'
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: edt(Zzk@3-
(a)Inventory Turnover Rate in 20×8; AXV+8$ :R
(b)Gross Profit Ratio in 20×8; ^K4#_H#"
(c)After Tax Return on Total Assets in 20×8; and QMGMXa
(d)Current Ratio as at December 31, 20×8 +H[GD!
(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. j5*W[M9W
【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。 .=WsB@+
以下是未经审计财务报表的部分信息: 5I!EsW$sY
(单位:千元) :nuMakZZ
项目 20×8 20×7 L{K:XiPn
营业收入 64 000 48 000 `ySmzp
营业成本 54 000 42 000 sLE@Cm]k
净利润 30 -20 =?U"#a
;%r#pv~
20×8年12月31日 20×7年12月31日 o}XbFLn
存货 16 000 12 000 w l.#{@J]<
流动资产 60 000 50 000 5B[kZ?>
总资产 100 000 90 000 w<?v78s
T
流动负债 20 000 18 000 Ou~|Q&f'
总负债 30 000 25 000 =='~g~
在审计过程中,约翰发现以下事项: <$WRc\}&g