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)。 hZGoiWC
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: @L^Fz$Sx
(Expressed in RMB thousands) <viIpz2jh%
FINANCLAL STATEMENTS ITEMS GwiG..Y]&
20×8 3:Bwf)*
20×7 6o@}k9AN
'[#a-8-JY_
Sales &`>[4D*
64000 }~P%S(zB
48000 =Y`P}vI]w%
.qVz rS
Cost of sales ;t!n%SnK9!
54000 (]7*Kq
42000 Y"
9 o
=H*}{'#
Net profit 8
v NgePn
30 CU=}]Y
-20 -r/G)Rs
34VyR
a
B5J!&suX
December 31, 20×8 `(A6uakd
December 31, 20×7 |\ Nj
gLv|Hu7
Inventory "=4`RM
16000 [vki^M5i|Z
12000 rQiX7
97:1L4w.(
Current assets YwGc[9=n
60000 f.V;Hl,
50000 '!`%!Xg
/x.TF'Z*
Total assets _3$@s{k-TI
100000 }HS:3Dt
90000 8Ml&lfn_8
4GJ1P2
Current liabilities `mPmEV<
20000 f])?Gw
18000 jB }O6u[%
3oX%tx
Total liabilities C
G'NC\x5
30000 KtJE
25000 GkMNV7"m
1wUZ
0r1'
}]vj"!?a
During the audit, John has the following findings: Okk[}G)
(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: RAKQ+Y"nl
Dr. Cash in Bank RMB 5820000 O{8"f\*
Dr. Financial Expenses RMB 180000 I Vy,A7f
Cr. Notes Receivable RMB 6000000 q3Umqvl)oe
(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: bGRI^
[8#+
Dr. Non-operating Expenses RMB 3000000 LLmgk"
Cr. Provisions RMB 3000000 :NU-C!eT
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Pb?H cg
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: Bp\io$(%
Dr. Provisions RMB 3000000 zF/}s_><*
Cr. Cash in Bank RMB 2500000 x$CpUy{6
Cr. Non-operating Income RMB 500000 :w_F<2d0
0
Required: 8DTk<5mW~
(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. OxElvbM#
(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: DjOFfD\MF
(a)Inventory Turnover Rate in 20×8; yW Iieztp
(b)Gross Profit Ratio in 20×8; f[7'kv5S
(c)After Tax Return on Total Assets in 20×8; and <0P`ct0,i
(d)Current Ratio as at December 31, 20×8 0vG}c5;F
(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. y:4Sw#M%(
【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。 N-^\X3X
以下是未经审计财务报表的部分信息: q`1t*<sk
(单位:千元) =khjD[muC
项目 20×8 20×7 VR?7{3
营业收入 64 000 48 000 f<SSg*A;
营业成本 54 000 42 000 7 g ]]>
净利润 30 -20 7i{Rn K6*
$ajw]2kx
20×8年12月31日 20×7年12月31日 %fP^Fh
存货 16 000 12 000 :EgdV
流动资产 60 000 50 000 3FPy
"[[
总资产 100 000 90 000 >&^w\"'
流动负债 20 000 18 000 '5ky<
总负债 30 000 25 000 u-
UUF
在审计过程中,约翰发现以下事项: 6?*iIA$b
(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: miS+MK"
借:银行存款5 820 000 fH`1dU
财务费用 180 000 i`&