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)。 )sNPWn8<Uy
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: =T\=,B
(Expressed in RMB thousands) z:Z-2WV2o
FINANCLAL STATEMENTS ITEMS %k~ezn
20×8 M93*"jA
20×7 Y6Ux*vhK
aNA
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Sales e\O-5hp7
64000 XMdCQ=
48000 @DF7j|]tV
>|yP`m
Cost of sales 0a
bQY
54000 PQa0m)H@
42000 OzwJ 52
Hp>L}5 y[
Net profit K?r
30 WdlGnFAWh
-20 !0vLSF=
bE{YK
MTKNIv|
December 31, 20×8 P$Oj3HD LM
December 31, 20×7 -e_op'`
W6_ rSVm
Inventory jU* D
16000 Z4rk$K'=1w
12000 *ra>Kl0
A^#\=ZBg1
Current assets #9Ect@?N0
60000 f*xr0l
50000 L`X5\D'X
SOn)'!g
Total assets 3u& ,3:
100000 e([>sAx!1
90000 9 M%Gnz
Pq8oK'z-
Current liabilities 9t6c*|60#n
20000 H%gAgXHn
18000 @d^Z^H*Yv
{u2Zl7]z^
Total liabilities ^m&I^ \
30000 wDGb h=
25000 gPT_}#_GxM
=&,T@5&-=
cjJfxD&q
During the audit, John has the following findings: p)ig~kk`
(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: o-7{\%+M
Dr. Cash in Bank RMB 5820000 cz{`'VN}`
Dr. Financial Expenses RMB 180000 J-<_e??
Cr. Notes Receivable RMB 6000000 2[HPU M2>
(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: )GAlj;9A$
Dr. Non-operating Expenses RMB 3000000 ;Q^>F6+_m
Cr. Provisions RMB 3000000 x\(#
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 xPPA8~Dm*
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: u!5q)>Wt(
Dr. Provisions RMB 3000000 MP)Prl>
Cr. Cash in Bank RMB 2500000 vdC0tax
Cr. Non-operating Income RMB 500000 #v<`|_
Required: $
P5K
(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. K) fKL
(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: 4=/jh:h
(a)Inventory Turnover Rate in 20×8; PJ0~ymE1~G
(b)Gross Profit Ratio in 20×8; R54ae:8
(c)After Tax Return on Total Assets in 20×8; and GWWg3z.o"W
(d)Current Ratio as at December 31, 20×8 rDhQ3iCqo
(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. HbI{Xf[6LP
【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。 HI 1T
以下是未经审计财务报表的部分信息: _,)_(R ,h
(单位:千元) d"06
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项目 20×8 20×7 iD G&