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)。 qY#*zx
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: 2Z
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(Expressed in RMB thousands) h-!(O^M
FINANCLAL STATEMENTS ITEMS K\n %&w
20×8 1&wZJP=
20×7 KGK8;Q,O
yf_<o
Sales Rp.
@
64000 \^':(Gu4o
48000 I~4`NV0
y~U+MtSf#
Cost of sales >o'D/'>ku
54000 )@))3
42000 }qbz &%R
gU+BRTZ&x
Net profit .%~
L
30
@A$%baH0
-20 w&f29#i;b
{SK8Mdn
+wT,dUin_<
December 31, 20×8 \gIdg:"02
December 31, 20×7 ]l+2Ca:-[j
QC ?8
Inventory [iL2c=_
16000 sM~C
P zMa
12000 X3a:*1N
4p %`Lv
Current assets P+"#xH
60000 r!Mr\
50000 ]T
zN*6o
U.>n
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Total assets rr9HC]63
100000 <-FZ-asem
90000 Eb{TKz?
.@=d I
Current liabilities U0)(k}Q)
20000 ?\^u},HnE|
18000 4b7}Sr=`
_>3GNvS
Total liabilities QKHm OVh]
30000 N} Q,
25000 NK"y@)%0
G_d
ia6
XV+BSW7}
During the audit, John has the following findings: %>24.i"l
(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: . dM 0
Dr. Cash in Bank RMB 5820000 qn4Dm ^
Dr. Financial Expenses RMB 180000 hA/FK
Cr. Notes Receivable RMB 6000000 LU;ma((yy[
(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: j}h50*6KO
Dr. Non-operating Expenses RMB 3000000 ijoR(R^r
Cr. Provisions RMB 3000000 qD`')=
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 QuF%m^aE
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: NK,)"WE
Dr. Provisions RMB 3000000 ](8XC_-U'
Cr. Cash in Bank RMB 2500000 +.>O%pNj
Cr. Non-operating Income RMB 500000 [~jhOv^
Required: #yU4X\oO
(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. '| Ag,x[
(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
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(a)Inventory Turnover Rate in 20×8; 1u&P,&T
(b)Gross Profit Ratio in 20×8; &;%+Hduc
(c)After Tax Return on Total Assets in 20×8; and b[BSUdCB
(d)Current Ratio as at December 31, 20×8 drb_GT
(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. @&h<jM{D
【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。 eeL%Yp3+
以下是未经审计财务报表的部分信息: L6Ynid.k
(单位:千元) >8>.o[Q&
项目 20×8 20×7 ?w<x_Lo
营业收入 64 000 48 000 U?>zq!C&R
营业成本 54 000 42 000 &s]
s]V)
净利润 30 -20 lzxn} TO}
,QKG$F
20×8年12月31日 20×7年12月31日 O`@$YXuD
存货 16 000 12 000 %81tVhg
流动资产 60 000 50 000 y& Dd
总资产 100 000 90 000 ;7 IVg[f
流动负债 20 000 18 000 1J<-P9 vk+
总负债 30 000 25 000 YW/<. 0rI
在审计过程中,约翰发现以下事项:
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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: YjdH7.js
借:银行存款5 820 000 q*'hSt@+D
财务费用 180 000 sPd5f2'
贷:应收票据6 000 000 =Oo*7|Z
(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: G&