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)。 i/M+t~
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: ,@,LD u
(Expressed in RMB thousands) DlS&qFs
FINANCLAL STATEMENTS ITEMS gx#J%k,f
20×8 8ipW3~-4
20×7 \)s3b/oap
0.(zTJ
Sales 1+FYjh!2t
64000 )PHl>0i!
48000 5GUH;o1m
Cea"qNq=k
Cost of sales 6e&g$R
v
54000 ]uJM6QuQ
42000 \cFAxL(
}P16Xb)p
Net profit 4KZ SL:A
30 e8 v; D
-20 0ZFB4GL
,$o-C&nC
S{Rh'x\B
December 31, 20×8 h
F Dze
December 31, 20×7 9c:5t'Qt5.
i~(#S8U4d
Inventory Ep,1}Dx
16000 S q.9-h%5
12000 M'b:B*>6
YlG;A\]k
Current assets "C?:T'dW
60000 5
7'q;I
50000 -Zttj /K
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Total assets W6hNJb
100000 EP/&m|o|G
90000 pFS
F[9?e>
f*UBigk
Current liabilities rK*hTjVn
20000 S|s3}]g9
18000 d4[poi ~
wYC9~ms-
Total liabilities ryz/rf
30000 fYv ;TV>73
25000 .Y+mwvLpRG
d5
N)^\z
"<7$2!
During the audit, John has the following findings: #!(
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(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: ngtuYASc
Dr. Cash in Bank RMB 5820000 ;>cLbjD
Dr. Financial Expenses RMB 180000 }3bQ>whF
Cr. Notes Receivable RMB 6000000 3`mC"ab /
(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: N+ak[axN
Dr. Non-operating Expenses RMB 3000000 2K5}3<KD/
Cr. Provisions RMB 3000000 &8R-C[A
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 F%w\D9+P
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: Rc;1Sm9\
Dr. Provisions RMB 3000000 %?U"[F1
Cr. Cash in Bank RMB 2500000 +>n.T
Cr. Non-operating Income RMB 500000 ajf_)G5X P
Required: wOD/Z8
(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. 7
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(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: aY3pvOV
(a)Inventory Turnover Rate in 20×8; {LjK_J'
(b)Gross Profit Ratio in 20×8; O@G<B8U,K
(c)After Tax Return on Total Assets in 20×8; and $Vd?K@W[h
(d)Current Ratio as at December 31, 20×8 JDIz28 Ww
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. F Bd+=bx,Z
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Ubn
以下是未经审计财务报表的部分信息: nhB^Xr=
(单位:千元) kfH9Y%bOy
项目 20×8 20×7 WBIQ%XB'
营业收入 64 000 48 000 EU`'
8*4
营业成本 54 000 42 000 54, Ju'r
净利润 30 -20 <FMuWHY
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20×8年12月31日 20×7年12月31日 H620vlC}V
存货 16 000 12 000 i4 y(H
流动资产 60 000 50 000 Z&2
&wD
总资产 100 000 90 000 e7)> U!9c9
流动负债 20 000 18 000 C?_t8G./_
总负债 30 000 25 000 V>~*]N^f
在审计过程中,约翰发现以下事项: <m|FccvQ
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: PW(_yB;
借:银行存款5 820 000 P}w^9=;S
财务费用 180 000 [ni-UNTv
贷:应收票据6 000 000 BV_a-\Sa=
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: =|DkD-
O
借:营业外支出 3 000 000 Dg ?Ho2ih
贷:预计负债 3 000 000 6
d{D3e[p^
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: P,s)2 s'nZ
借:预计负债 3 000 000 D/NIn=>j
贷:银行存款 2 500 000 *X"F: 7
营业外收入 500 000 d#M?lS>
要求: 7z0;FW3>9
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 [qc6Q:
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: % B7?l
(a)20×8年存货周转率 FQv02V+&<
(b)20×8年销售毛利率 ?CL
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(c)20×8年总资产净利率 2=/-d$
(d)20×8年12月31日的流动比率 .pNq-T
(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) RQ_#r
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【答案】 Rqv+N]
(1)应选择营业收入作为计算重要性水平的基础。 j$JV(fz
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 }K qw\]`
P^o"PKA
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 *
(_ON$+3
销售毛利率=(64000-54000)/64000×100%=15.63% Hf`&&
总资产净利率=30/[(100000+90000)/2]=0.03% "X!_37kQ
流动比率=60000/20000=3 wE.@
0
(3) Z:}2F^6
a.应建议做如下审计调整分录: xq#]n^
借:应收票据 6 000 000 _YD<Q@
贷:短期借款 5 820 000 Xj(k(>7V
财务费用 180 000 =r@ie
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b.应建议做如下审计调整分录: /Wta$!X{-
借:预计负债 3 000 000 E!oJ0*@
贷:营业外支出 500 000 !*$'fn'bAA
其他应付款 2 500 000 Qcy+ {j]