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)。 FGx_qBG4|
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: +29;T0>a
(Expressed in RMB thousands) Ut-6!kAm
FINANCLAL STATEMENTS ITEMS 2al~`
20×8 BH0rT})
20×7 L1Q QU
p 8"(z@T
Sales tL+
8nTL
64000 l7{hq}@;cC
48000 vP}K(' (
=zA=D.D2
Cost of sales ~DZ;l/&Mz7
54000 F.8{
H9`
42000 QBsDO].J<
e(
^9fg_SG
Net profit \ b9,>
30 GIVs)~/Eq
-20 ;oFaDTX]
&`L5UX
Vd<=
y
December 31, 20×8 Dlj=$25
December 31, 20×7 W,{`)NWg
]bnxOk
Inventory 0K3FH&.%
16000 $fKwJFr
12000 \>=YxB q
%yw*!A1
Current assets nv $
60000 G0s:Dum
50000 b$R>GQ?#
g41
Lh3dj
Total assets g[M@
100000 x#8=drh.:C
90000 qfYb\b
C-Fp)Zs{0
Current liabilities F[=m|MZb
20000 _SP
u`=~K
18000 aY:(0en]&
+~fu-%,k
Total liabilities J$I1*~I4v
30000 .sG,TLE[<
25000 :ZP3$ Dp
ygfqP
BWPYHWW}E
During the audit, John has the following findings: 78QFaN$
(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: g?$9~/h :;
Dr. Cash in Bank RMB 5820000 ONGe/CEXT
Dr. Financial Expenses RMB 180000 \7j)^
Cr. Notes Receivable RMB 6000000 _5
m }g!
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: xY'g7<})$
Dr. Non-operating Expenses RMB 3000000 &\X;t|
Cr. Provisions RMB 3000000 Ez$5wY^J
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 nIi_4=Z
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: f<;9q?0V F
Dr. Provisions RMB 3000000 AX,Db%`l,
Cr. Cash in Bank RMB 2500000 'j3'n0o
Cr. Non-operating Income RMB 500000 R$@.{d
&:w
Required: ,?d%&3z<a
(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. Np-D:G
(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: )[K3p{4
(a)Inventory Turnover Rate in 20×8;
(KQt%]
(b)Gross Profit Ratio in 20×8; }1W$9\%
(c)After Tax Return on Total Assets in 20×8; and ]Cz16e&=2
(d)Current Ratio as at December 31, 20×8 5,c`
(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. !xc7~D@om(
【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。 ;?o C=c
以下是未经审计财务报表的部分信息: Td F<
(单位:千元) $F-XXBp
项目 20×8 20×7 \S<5b&G
营业收入 64 000 48 000 aOD"z7}U
营业成本 54 000 42 000 $ vjmW!
O
净利润 30 -20 <M7*N.
`l+SJLyJ%
20×8年12月31日 20×7年12月31日 []]3"n
存货 16 000 12 000 _-&.=3\1
流动资产 60 000 50 000 I7~|!d6
总资产 100 000 90 000 L&N"&\K2U
流动负债 20 000 18 000
flB,_
总负债 30 000 25 000 hjG1fgEj
在审计过程中,约翰发现以下事项: EC~t'v
(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: u7=[~l&L
借:银行存款5 820 000 :z\f.+MI
财务费用 180 000 %yMzgk[u
贷:应收票据6 000 000 uJOW%|ZN`
(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: eI}VH BAz
借:营业外支出 3 000 000 +Y~+o-_
贷:预计负债 3 000 000 <C$<