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)。 a]Y9;(
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: ;)SWwhQ
(Expressed in RMB thousands) ur7S
K(#
FINANCLAL STATEMENTS ITEMS f@$kK?c?
20×8 o
q6^
20×7 K`
j:F>b
#3{{[i(;i
Sales jW4>WDN:
64000
^.
48000 PRNq8nmxC
mxu !$wx
Cost of sales
(^B=>
54000 us8HXvvp{
42000 a8G<x<
]"?<y s
Net profit -3y
30 UR S=1+
-20 .,U4 A
TO
FD~
UF;VQ
1~},}S]id
December 31, 20×8 g$vOWSI+
December 31, 20×7 E cSu[b
a, )/D_{1
Inventory FQE(qltf,
16000 *cCj*Zr]
12000 Sqyju3Yp
f"NWv!
Current assets G:wO1f6
60000 M;NIcM
50000 0%Y}CDn_
F\GNLi
Total assets `B:hXeI
100000 e
'F:LMX
90000 V]"pM]>3X
PfB9 .f{
Current liabilities Sfp-ns32%A
20000 XW\
3t tx
18000 E1`_[=8a9
9'(m"c_
Total liabilities l<<9H-O
30000 G )`gn
25000 dWe%6s;
Iz;^D!
DRTT3;,N
During the audit, John has the following findings: F1L[C4'
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: M
'oZK
Dr. Cash in Bank RMB 5820000 {x[C\vZsi]
Dr. Financial Expenses RMB 180000 R9D2cu,{
Cr. Notes Receivable RMB 6000000 A:(qF.Tm
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: I)0_0JXs
Dr. Non-operating Expenses RMB 3000000 ]{#Xcqx
Cr. Provisions RMB 3000000 JsMN_%y?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }W[=O:p
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: tp }Bz&V
Dr. Provisions RMB 3000000 Bn=YGEvz
Cr. Cash in Bank RMB 2500000 Dkh=(+> <
Cr. Non-operating Income RMB 500000 w>}n1Nc$G
Required: Nez '1
(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. ='C;^
Bk
(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: %K06owV(S)
(a)Inventory Turnover Rate in 20×8; =<zlg~i
(b)Gross Profit Ratio in 20×8; 0>e]i[P.
(c)After Tax Return on Total Assets in 20×8; and .|TF /b]
(d)Current Ratio as at December 31, 20×8 <Lt"e8Z> x
(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. /TIt-c
【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。 _J#oAE5]!
以下是未经审计财务报表的部分信息: *,*XOd:3TL
(单位:千元) hx/A215L
项目 20×8 20×7 St>
E\tXp
营业收入 64 000 48 000 twK 3
营业成本 54 000 42 000 )KkV<