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)。 q9!9OcN2
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: 8957$g
(Expressed in RMB thousands) OpLSjr
FINANCLAL STATEMENTS ITEMS nS4S[|w"
20×8 <^Tj}5)n
20×7 ^Q>*f/.KN
F21[r!3
Sales 7
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64000 @45 H8|:k
48000
ea0tx3'
[R>
Cost of sales (Y)h+}n5N
54000 %#9 ~V
42000 @U{M"1zZe
DZRxp
,
Net profit \<B6>
30 29^bMau)v
-20 F* }Q^%
>EtP^Lu~f_
9 Zm<1Fw
December 31, 20×8 PEEY;x
December 31, 20×7 , ~xU>L^
=bWq 3aP)P
Inventory QJWES%m`
16000 I;-5]/,
12000 +3>/,w(x
D~Ohw sL4
Current assets (H+[ ^(3d2
60000 %E"/]!}3
50000 vXyo
{K4t8T]
Total assets /'6[*]IZP
100000 [V,
;X
90000 \C#b@xLnX
YO$b#
Current liabilities sDm},=X}
20000 ;}~Bv<#
18000 OIty
]c
,7jiHF
Total liabilities %@93^q[\2
30000 V
C'-h~
25000 AdOAh y2H
h)
PB
9~'Ip7X,!
During the audit, John has the following findings: <S@mQJS!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: HcVs(]tIW
Dr. Cash in Bank RMB 5820000
({kGK0
Dr. Financial Expenses RMB 180000 `AHNk7 t=
Cr. Notes Receivable RMB 6000000 H0 n@kKr
(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: 8sF0]J[g{
Dr. Non-operating Expenses RMB 3000000 n3g
WMC
Cr. Provisions RMB 3000000 ":#x\;
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 sk6
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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: yn":!4U1
Dr. Provisions RMB 3000000 iH}rI'U.
Cr. Cash in Bank RMB 2500000 W#7-%oT
Cr. Non-operating Income RMB 500000 IOZ|85u=
Required: Y_3YO2K]
(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. 5uJP)S?
(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: 40d9/$uzh
(a)Inventory Turnover Rate in 20×8; [-Tt11
(b)Gross Profit Ratio in 20×8; >\x_"o
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(c)After Tax Return on Total Assets in 20×8; and ]AA*f_!
(d)Current Ratio as at December 31, 20×8 b;`#Sea
(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. 4i\aW:_'i
【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。 `)!2E6 =
以下是未经审计财务报表的部分信息: bc=u1=~w
(单位:千元) nB
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项目 20×8 20×7 x*"pDI0k)
营业收入 64 000 48 000 hPi
:31-0
营业成本 54 000 42 000 qMdtJ(gq
净利润 30 -20 4U
a~*58
>`?+FDOJ,
20×8年12月31日 20×7年12月31日 ]#-/i2-K
存货 16 000 12 000 aco}pXz
流动资产 60 000 50 000 lyH X#]
总资产 100 000 90 000 UNcJ=
流动负债 20 000 18 000 9Glfi@.
总负债 30 000 25 000 ah"MzU)
在审计过程中,约翰发现以下事项: 9Bvn>+_K
(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:
l)rvh#D
借:银行存款5 820 000 ]V769B9
财务费用 180 000 $s(4?^GP
贷:应收票据6 000 000 t k/K0u
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: m57tOX
借:营业外支出 3 000 000 9s6>9hMb)
贷:预计负债 3 000 000 031.u<_
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: vb. Y8[
借:预计负债 3 000 000 v6DxxE2n
贷:银行存款 2 500 000 . I&)MZ>n
营业外收入 500 000 g9weJ6@}M
要求: Gg pQ]rw
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 D7_Hu'y<o
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: =.f +}y
(a)20×8年存货周转率 C(1A
8
(b)20×8年销售毛利率 "G-0i KW;
(c)20×8年总资产净利率 CWe>jlUQ
(d)20×8年12月31日的流动比率 P
xVI{:Uz
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ;GgQ@s@
【答案】 X6N]gD
(1)应选择营业收入作为计算重要性水平的基础。 EBDC '^
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 fF9oYOh|
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Fb{`a[&
销售毛利率=(64000-54000)/64000×100%=15.63% o!l3.5m2d
总资产净利率=30/[(100000+90000)/2]=0.03% ~ut& U
流动比率=60000/20000=3 G0;EbJ/&
(3) !Nxn[^[?.
a.应建议做如下审计调整分录: k"^t?\Q%vI
借:应收票据 6 000 000 C`th^dqBV
贷:短期借款 5 820 000 D@rn@N
财务费用 180 000 ?4,*RCaI
b.应建议做如下审计调整分录: @a.6?.<L
借:预计负债 3 000 000 {?>bblw/d
贷:营业外支出 500 000 Puth8$
其他应付款 2 500 000 <GT>s