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)。 48lzOG
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: k%"$$uo
(Expressed in RMB thousands) G!AICcP^
FINANCLAL STATEMENTS ITEMS
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20×8 OZ eiHX!
20×7 ri_P;#lz
|c<XSX?ir
Sales jjxIS
64000 #o"tMh!f
48000 ?(]a*~rx
4;?1Kb#
Cost of sales <MRC%!.
54000 O:2 #_
42000 a a4$'8s
*^n^nnCwp
Net profit Q?Wr7
30 P~&O4['<
-20 B<A:_'g
N[>:@h
fv:L\
N1u
December 31, 20×8 'T%IvJ#Xu
December 31, 20×7 HS7R lU^
H1Q''$}Z.
Inventory ^n
t~-%
16000 TV?
^c?{5
12000 K/DH
/
r
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Current assets :g&>D#{
60000 tzZ|S<e6=\
50000 7Ez}k}aR<
e,^pMg~
Total assets HTw#U2A;+
100000 Lg8]dBXu
90000 A5+q^t}
S45'j(S=
Current liabilities #sL/y
20000 r|M'TA~:
18000 Yi[4DfA
n>n"{!
Total liabilities !!9{U%s
30000 ;
/=L
25000 !TGr .R
)ukF3;Gt
9wzwY[{
During the audit, John has the following findings: O(odNQy~
(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: }lH;[+u3
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 ZH% we
Cr. Notes Receivable RMB 6000000 >;m{{nj
(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: {Wh BoD
Dr. Non-operating Expenses RMB 3000000 Rb?~ Rs\
Cr. Provisions RMB 3000000 O
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 3zbXAR*
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: TWtC-wI;
Dr. Provisions RMB 3000000 bZu$0IG
Cr. Cash in Bank RMB 2500000 >cTjA):
Cr. Non-operating Income RMB 500000 |"_ )zQ
Required: _$!`VA%
(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. *aI~W^N3
(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: S3QaYq"v
(a)Inventory Turnover Rate in 20×8; G<|:605
(b)Gross Profit Ratio in 20×8; ,?I(/jI
(c)After Tax Return on Total Assets in 20×8; and Y4`QK+~fH
(d)Current Ratio as at December 31, 20×8 <M=';h^w2
(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. *]>])ms)
【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。 Y^yG/F
以下是未经审计财务报表的部分信息: RFB(d=o5S
(单位:千元) b##1hm~+
9
项目 20×8 20×7 \,hrk~4U;(
营业收入 64 000 48 000 E_]k>bf\
营业成本 54 000 42 000 p x0Sy|
净利润 30 -20 u"\=^F
pG~'shD~Dn
20×8年12月31日 20×7年12月31日 `wf|u M
存货 16 000 12 000 i]dz}= j'
流动资产 60 000 50 000
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总资产 100 000 90 000 ,!hnm
流动负债 20 000 18 000 *CzCUu:%t
总负债 30 000 25 000 qZ&