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)。 0GwR~Z}Z
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: awRX1:T#;O
(Expressed in RMB thousands) }e1ZbmW
FINANCLAL STATEMENTS ITEMS W?&%x(6M
20×8 Eci\a]
20×7 5P bW[
4g/dP^
Sales *~`(RV
64000
(3e2c
48000 4euO1=
P}iE+Z3
Cost of sales R2NZ{"h
54000 sOY:e/_F
42000 @ Qe0! (_=
Z+SRXKQ
Net profit Ri'n
30 UiWg<_<t
-20 NK+o1
%<5'=t'|-U
gw(z1L5
n
December 31, 20×8 jPeYmv]
December 31, 20×7 Cx"sw
}
bt *k.=p
Inventory }Z>)DN=+
16000 M5B# TAybC
12000 zs;JJk^
PF2nLb2-
Current assets *hrd5na
60000 *j=%
#
50000 @HW*09TG
=a!=2VN9y
Total assets 5;?yCW
c
100000 YIE<pX4Q7)
90000 Rcv9mj]l
9Flb|G%
Current liabilities E^PB)D(.
20000 Z)!C'c b
18000 ^.tg 7%dJ
\v{=gK
Total liabilities $kgVa^
30000 e!`i3KYn"
25000 <i[HbgUlO.
)"LJ
hLg
wr4:Go`
During the audit, John has the following findings: ]_Xlq_[/r
(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: $(
)>g>%
Dr. Cash in Bank RMB 5820000 g0
[w-?f
Dr. Financial Expenses RMB 180000 l%ZhA=TKQ
Cr. Notes Receivable RMB 6000000 tkhCw/
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 5f /`Q
Dr. Non-operating Expenses RMB 3000000 e)ZUO_Q$
Cr. Provisions RMB 3000000 d _
e WcI
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Si,6o!0k
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: ,Q,^3*HX9}
Dr. Provisions RMB 3000000 |}1dFp
Cr. Cash in Bank RMB 2500000 E4!Fupkpf
Cr. Non-operating Income RMB 500000 A
>$I
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Required: ZuIefMiG~+
(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. ,[Fb[#Qqb
(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: *=n:-
(a)Inventory Turnover Rate in 20×8; Qd6F H2Pl
(b)Gross Profit Ratio in 20×8; *VeRVaBl
(c)After Tax Return on Total Assets in 20×8; and `6YN3XS
(d)Current Ratio as at December 31, 20×8 z2c6T.1M
(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. "3hMq1NQ`g
【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。 OB7hlW
以下是未经审计财务报表的部分信息: -8Xf0_
(单位:千元) 7rA;3?p)
项目 20×8 20×7 *H122njH+T
营业收入 64 000 48 000 :4s1
CC+@\
营业成本 54 000 42 000 N7_"H>O$0U
净利润 30 -20 /bEAK-
R3!t$5HG
20×8年12月31日 20×7年12月31日 q;U,s)Uz^
存货 16 000 12 000 f5k6`7Vj]
流动资产 60 000 50 000 nm+s{
总资产 100 000 90 000 G`zm@QL
流动负债 20 000 18 000 |3%8&@ho
总负债 30 000 25 000 ca}2TT&t
在审计过程中,约翰发现以下事项: .-=vx r
(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: xpI wrJO
借:银行存款5 820 000 :
jx4{V
财务费用 180 000 &R siVBA
贷:应收票据6 000 000 IAEAhqp
(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: nie% eC&U
借:营业外支出 3 000 000 ExM,g' 7
贷:预计负债 3 000 000 fatf*}eln
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: Bf:Q2slqI
借:预计负债 3 000 000 HqTjl4ai
贷:银行存款 2 500 000 W`&hp6Jq
营业外收入 500 000 L(o15
要求:
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 x :7IIvP
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: {^'HL
(a)20×8年存货周转率 h1
{3njdr
(b)20×8年销售毛利率 Ha ]YJ}
(c)20×8年总资产净利率 Th[dW<