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)。 ePf+[pV3
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: 86 *;z-G
(Expressed in RMB thousands) P
@zz"~f7
FINANCLAL STATEMENTS ITEMS QL2Nz@|k
20×8 7FAIew\r
20×7 9|'
|BC
HbcOTd)=5
Sales !7}IqSs
64000 JkZ50L
48000 :6XguU
*yJ[zXXjJ
Cost of sales $:Rn;
54000 Mr-DGLJ
42000 _`H.h6h
bF*NWm$Lf
Net profit U4Z[!s$
30
~A6 "sb=
-20 lWW+5
/ /'Tck
p8Iw!HE
December 31, 20×8 M :V2a<!c
December 31, 20×7 a Sf/4\
}.p<wCPy6
Inventory zbNA\.y
16000 g& k58{e
12000 $f#a
gq_
oh6B3>>+
Current assets "< v\M85&
60000 J1bA2+5.*e
50000 []|;qHhC~(
U[R@x
`
Total assets Wt^|BjbB4
100000 baee?6
90000 "
Ya9~6
6xoq;=o
Current liabilities 4e +~.5r@i
20000 mL woi!]m
18000 'B_\TU0
O
#Z\O}<
Total liabilities ,vV]"f
30000 yPV'pT)
25000 $6T
3y8
I^D0<lHl~
RsW9:*R
During the audit, John has the following findings: ZQ3_y $
(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: UNDi_6Dy
Dr. Cash in Bank RMB 5820000 nBN&.+3t
Dr. Financial Expenses RMB 180000 H6&7\Wbk
Cr. Notes Receivable RMB 6000000 6 "U8V?E
(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: YD\]{,F|
Dr. Non-operating Expenses RMB 3000000 ahJ1n<
Cr. Provisions RMB 3000000 k;I &.H
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ub
Y
G
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: DdSSd@,x*
Dr. Provisions RMB 3000000 @m~RtC-Q
Cr. Cash in Bank RMB 2500000 /-4$7qd
Cr. Non-operating Income RMB 500000 (vc|7DX M
Required: Z)pz,
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ymWgf6r<
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Ri#H.T<'
(a)Inventory Turnover Rate in 20×8; >xu[q\:"
(b)Gross Profit Ratio in 20×8; k6"KB
(c)After Tax Return on Total Assets in 20×8; and /\Z J
(d)Current Ratio as at December 31, 20×8 iWE)<h
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. fQ 7
vL~E
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 N
j4IQ<OV
以下是未经审计财务报表的部分信息: at|g%$%
(单位:千元) mM/i^zT
项目 20×8 20×7 :?Y$bX}a
营业收入 64 000 48 000 w~Ff%p@9
营业成本 54 000 42 000 9b;A1gu
净利润 30 -20
4f^C\i+q
,e`'4H
20×8年12月31日 20×7年12月31日 w!SkWS b,~
存货 16 000 12 000 Bfr'Zdw
流动资产 60 000 50 000 C`V)VJM
总资产 100 000 90 000 ^V3v{>D>
流动负债 20 000 18 000 \}_Yd8
总负债 30 000 25 000 M+`Hg_#Q
在审计过程中,约翰发现以下事项: ^YvB9XN
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ZH ,4oF
借:银行存款5 820 000 k+^'?D--'P
财务费用 180 000 -n5
B)uw=
贷:应收票据6 000 000 Xm1[V&
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: @}s$]i$|-
借:营业外支出 3 000 000 'b/<