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)。 l&VjUPz_
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: j6~nE'sQ
(Expressed in RMB thousands) p47S^gW
FINANCLAL STATEMENTS ITEMS %B5r"=oO
20×8 v1k)hFjPK
20×7 dUgrKDNyA
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Sales ;VO.!5W@eg
64000 M}_i52
48000 6J~12TU,
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Cost of sales !}\4utHY
54000 ``,k5!a66\
42000 MF60-VE
)yY6rI;:
Net profit ~m1P_`T
30 5WqXo
{S
-20 cr?7O;,
r!P}u
b5m=7;u*h
December 31, 20×8 f\;65k_jq
December 31, 20×7 fl
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N$Y " c*
Inventory .*$OQA
16000 }~h'FHCC+
12000 :{'k@J"|a
%;D+k
Current assets !/ y!QXj
60000 iyVB3:M
50000 J`IDlGFYp
Iu~\L0R427
Total assets gef6pfV
100000 ?6c-7QV
90000 >U1R.B7f
2RF^s.W
Current liabilities S~qZr
20000 >vrxP8_
18000 p\C%%
'`Bm'Dd
Total liabilities I9o6k?$K
30000 &2-L.Xb
25000 4E8JT#&
?Y:x[pOe
5#3W5z
During the audit, John has the following findings: N3t0-6$_
(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: e&ANp0|W
Dr. Cash in Bank RMB 5820000 d"G+8}.4
Dr. Financial Expenses RMB 180000 ?::NO Dg
Cr. Notes Receivable RMB 6000000
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(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: q;5i4|
Dr. Non-operating Expenses RMB 3000000 41#w
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Cr. Provisions RMB 3000000 C
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 TGuiNobD
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: ULc`~]
Dr. Provisions RMB 3000000 uUE9g
Cr. Cash in Bank RMB 2500000 Q@e[5RA+]
Cr. Non-operating Income RMB 500000 SUWD]k >PH
Required: _$<
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(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. WqxUX H
(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: $@\mpw
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(a)Inventory Turnover Rate in 20×8; W$JebW<z(
(b)Gross Profit Ratio in 20×8; `<
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(c)After Tax Return on Total Assets in 20×8; and $&|y<Y=
(d)Current Ratio as at December 31, 20×8 j9qREf9)
(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. 3`O?16O
【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。 7;.xc{
以下是未经审计财务报表的部分信息: N_4eM,7t
(单位:千元) UH@as
项目 20×8 20×7 ]U[X1W+@
营业收入 64 000 48 000 k>}g\a,
营业成本 54 000 42 000 <
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净利润 30 -20 r8xyd"Axy
c~A4gtB=
20×8年12月31日 20×7年12月31日 8,
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存货 16 000 12 000 d#:3be{|&q
流动资产 60 000 50 000 d{et8N
总资产 100 000 90 000 d-bqL:/
流动负债 20 000 18 000 4vK8kkW1
总负债 30 000 25 000 #5sD{:f`
在审计过程中,约翰发现以下事项: k<w(i
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(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: tg4Y i|5
借:银行存款5 820 000 JXiZB
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财务费用 180 000 &