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)。 ~e9INZe-j
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: G6{A[O[
(Expressed in RMB thousands) ^1=|(Z/
FINANCLAL STATEMENTS ITEMS tY'QQN||
20×8 +z0}{,HX
20×7 .+}o
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E^a`IA
Sales -i5g 8t'
64000 u7Y< ~
48000 5KE%@,k k
`e>F<{
M6@
Cost of sales :b*`hWnQ
54000 L^1q/4${
42000 <Cu?$
k<zGrq=8J
Net profit i03}f%JnuO
30 oh0|2IrM
-20 w*%$
lhp!
eZ5}O
0sfp
O>M*
mTM
December 31, 20×8 cjC6\.+l3
December 31, 20×7
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Sx9:$"3.X
Inventory cqL7dlhIl
16000 3H#/u! W
12000 J?quYlS
gzCMJ<3!D
Current assets "4uUI_E9F;
60000 )-KE 4/G
50000 PJ'lZu8?x
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Total assets 1idjX"'
100000 0gD59N'C
90000 8~(+[[TQ@
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Current liabilities RG
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20000 *a,.E6C*
18000 I=
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3J~kiy.nfW
Total liabilities m2q;^o:J
30000 ro^6:w3O^
25000 :8Ts'OGwI
xT?} wF
|+xtFe
During the audit, John has the following findings:
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: Z F yX@#B9
Dr. Cash in Bank RMB 5820000 %^?3s5PXD
Dr. Financial Expenses RMB 180000 <
ivqe"m
Cr. Notes Receivable RMB 6000000 KR+BuL+L
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Jv^cOc
Dr. Non-operating Expenses RMB 3000000 @W\4UX3dK
Cr. Provisions RMB 3000000 a$zm/
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 pY!dG-;
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: 4IP\iw#w
Dr. Provisions RMB 3000000 M|5]#2J_2
Cr. Cash in Bank RMB 2500000 =#Cf5s6qt
Cr. Non-operating Income RMB 500000 h9BD
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Required: #w,WwL!
(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. *- IlF]
(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: xe gL!
(a)Inventory Turnover Rate in 20×8; :7Z\3_
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(b)Gross Profit Ratio in 20×8; !P60[*>
(c)After Tax Return on Total Assets in 20×8; and 56=K@$L {F
(d)Current Ratio as at December 31, 20×8 SXo[[ao
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. t>6x)2,TC
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 B#k3"vk#
以下是未经审计财务报表的部分信息: Dj
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(单位:千元) a j@C0
项目 20×8 20×7 nze1]3`
营业收入 64 000 48 000 |IX`
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营业成本 54 000 42 000 e8ULf~I
净利润 30 -20 1;Wkt9]9
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20×8年12月31日 20×7年12月31日 0qL
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存货 16 000 12 000 4)odFq:
流动资产 60 000 50 000 7Z`Mt9:Ht
总资产 100 000 90 000 A|taP$%
流动负债 20 000 18 000 b1+hr(kMRM
总负债 30 000 25 000 3 $$5Mk(&