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)。 `@90b4u
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: :5(TOF
(Expressed in RMB thousands) LImD]e`
FINANCLAL STATEMENTS ITEMS )c*~Y=f
20×8 C<pF13*4
20×7 Kr<O7t0X
cGDA0#r
Sales fAK
64000 N\u-8nE5
48000 p81~Lk*Hz@
Sa Nx;xgi
Cost of sales sTb/l!=o
54000 a36<S0R
42000
&HE8O}<>
nL$tXm-x
Net profit
BBX4^;t
30 ;RrfE8mGj
-20 t :_7O7
O;XF'r_
I|.B-$gH
December 31, 20×8 m=R4A4Y7
December 31, 20×7 </fnbyGR
=\3*;59\
Inventory iJ\#su
16000 R'{V&H^Z
12000 pD]Ry"
ZG
Yp
Wu\oP
Current assets c/s'&gG33z
60000 b~|B(lL6Xm
50000 -*WD.|k
$R^"~|m3M
Total assets HdGy$m`
100000 []@Mk
90000 BKIt,7j
v4&*iT
Current liabilities :{sX8U%
20000 WN0^hDc-
18000 1q*3V8
A_2ppEG
Total liabilities @a~K#Bvlm
30000 ;c'jBi5W
25000 =IUTU4!]
q3;HfZ
Oz+>I^Q
During the audit, John has the following findings: shi#K<gVC
(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: n>@(gDq
Dr. Cash in Bank RMB 5820000 zRz3ot,|
Dr. Financial Expenses RMB 180000 old}}>_
Cr. Notes Receivable RMB 6000000 !6kLg1
(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: Q{>{ e3z}
Dr. Non-operating Expenses RMB 3000000 &BQ`4j~.
Cr. Provisions RMB 3000000 ON$u581 y
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 DukCXyB*l
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: (j
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Dr. Provisions RMB 3000000 UE(%R1Py
Cr. Cash in Bank RMB 2500000 $
,R|$0B7
Cr. Non-operating Income RMB 500000 ub-ZrC'
Required: U?kJXM2
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. j/9'L^]
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: |=SaI%%Be
(a)Inventory Turnover Rate in 20×8; J3
K!@m_\
(b)Gross Profit Ratio in 20×8; fFsA[@5tul
(c)After Tax Return on Total Assets in 20×8; and wL}=$DN
(d)Current Ratio as at December 31, 20×8 E*CY/F I_
(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. \s,ZE6d
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【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。 E")82I
以下是未经审计财务报表的部分信息: s:Memvf
(单位:千元) A$
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项目 20×8 20×7 &