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)。 1EvAV,v"
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: 56i9V9{2
(Expressed in RMB thousands) %E
q}H
FINANCLAL STATEMENTS ITEMS ]
Lg$p
20×8 hL:n9G
20×7 8BUPvaP<[
;B[*f?y-
Sales wOH$S=Ba5,
64000 K07b#`NF6
48000 Fl,(KSTz
+bwSu)k
Cost of sales Hm=!;xAFX
54000 P;R`22\3
42000 96fzSZS,
&Q7vY
Net profit Gv,_;?7lD
30 {Lj]++`fB]
-20 (<f`},
QxD
6onFf* m!x
S]^`Qy)
December 31, 20×8 %%[ "&
December 31, 20×7 8,0p14I5;
o"F=3b~:n
Inventory \$o5$/oU(
16000 ,v;P@RL|g
12000 T_}9b
Z1j3 F
Current assets @d imZsi1
60000 #QdBI{2
50000 +o]DT7W
| /,XdTSy
Total assets Q[t|+RNKv2
100000 }EB/1 8
90000 2y6 e]D
d+ P<nI/|
Current liabilities $q`650&S*
20000 0zD[mt
18000 XV"8R"u%Q
z:B4
Total liabilities {j%'EJ5
30000 ?Rlo<f:Mf
25000 2y/|/IW=
~>:uMXyV2t
1-`Il]@?8
During the audit, John has the following findings: ay}}v7)GM
(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: QkJAjmB
Dr. Cash in Bank RMB 5820000 Opc, {,z6
Dr. Financial Expenses RMB 180000 8]U;2H/z
Cr. Notes Receivable RMB 6000000 8PQKB*<dB"
(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: "8{#R*p
Dr. Non-operating Expenses RMB 3000000 L;d(|7BVv
Cr. Provisions RMB 3000000 &s.S)'l4l
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 dQSX&.<c,
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: $)w9EGZ
Dr. Provisions RMB 3000000
G:'hT=8
Cr. Cash in Bank RMB 2500000 9os>k*
Cr. Non-operating Income RMB 500000 }GV5':W@WG
Required: >OP[qj
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. r+6=b
"
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: oWg"f*
(a)Inventory Turnover Rate in 20×8; |KF_h^
(b)Gross Profit Ratio in 20×8; F Xbf7G)H
(c)After Tax Return on Total Assets in 20×8; and b 4o`eR
(d)Current Ratio as at December 31, 20×8 M`6rI
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. u >R2:i
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 7noxUGmFw
以下是未经审计财务报表的部分信息: \.m"u14[b
(单位:千元) L
\1&$|?
项目 20×8 20×7 [I*zZ`
营业收入 64 000 48 000 0q6$KP}q
营业成本 54 000 42 000 g\;&Z
净利润 30 -20 mUFg(;ya
<Lz/J-w
20×8年12月31日 20×7年12月31日 3aL8GMiu
存货 16 000 12 000 ?];?3X~|
流动资产 60 000 50 000 ''Lf6S`4X~
总资产 100 000 90 000 K"lZwU\:On
流动负债 20 000 18 000 j5eX?bi_v
总负债 30 000 25 000 QLr.5Wcg>
在审计过程中,约翰发现以下事项: fa~4+jx>S
(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: }:6$5/?
借:银行存款5 820 000 a
#Yo^"*1
财务费用 180 000 B!>hHQ2
贷:应收票据6 000 000 3<c_`BWu
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: &x