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)。 , ;$SRQ.
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: H3#rFO"C*
(Expressed in RMB thousands) o$q})!
FINANCLAL STATEMENTS ITEMS M4}b lh#
20×8 2]:Z7Ji
20×7 eXA@J[-M:
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Sales
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64000 WJU[+|J
48000 N!lQ;
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O&g$dK!Rad
Cost of sales FKWL{"y
54000 ~{cG"
42000 Xn6'*u>+;[
B`w@Xk'D
Net profit hMnJH_siY
30 "30R%oL]=
-20 $N/"c$50,
,V &RpKek
#-7
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December 31, 20×8 2fFGS.l
December 31, 20×7
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$s<bKju
Inventory 6~ +/cY-V
16000 f#3!Q!C^
12000 >A.m`w
I*4g ;1x
Current assets ? t_$C,A+
60000 pxV@ fH+`
50000 =z4kK_?F,
~]78R!HJ
Total assets e)#f`wM
100000 oGKk2oP
90000 mvXIh";
94'0X
Current liabilities _ lE
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20000 tdi^e;:?
18000 k:DAko}
X;QhK] Z
Total liabilities z;1qYW[-A
30000 vv^(c w>A
25000 [DSD[[
z[
JAU:Wqlg1
s5&v~I;>e
During the audit, John has the following findings: &Ef_p-e-P
(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: Bs;.oK5!n@
Dr. Cash in Bank RMB 5820000 Zp_vv@s
Dr. Financial Expenses RMB 180000 "zx4k8
Cr. Notes Receivable RMB 6000000 hM[QR'\QS
(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: 9 #)&
Dr. Non-operating Expenses RMB 3000000 gaVQ3NqF
Cr. Provisions RMB 3000000 ";*Iwd*V
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 k*k 9hv?
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: IiB"F<&[j{
Dr. Provisions RMB 3000000 -iySU 6
Cr. Cash in Bank RMB 2500000 ?X~U[dV?
Cr. Non-operating Income RMB 500000 vI0::ah/
Required: xO<Uz"R
(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. g/BlTi
(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: 8jjq)d4#
(a)Inventory Turnover Rate in 20×8; BiI`oCX
(b)Gross Profit Ratio in 20×8; ,%U'>F?
(c)After Tax Return on Total Assets in 20×8; and uS&NRf9A
(d)Current Ratio as at December 31, 20×8 *c'hmAs
(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. We:b1sZR
【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。 HK4 *+
以下是未经审计财务报表的部分信息: ]`u_d}`
(单位:千元) Y4,LXuQ
项目 20×8 20×7 :uQ~?amM
营业收入 64 000 48 000 M
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营业成本 54 000 42 000 [O\[,E"K
净利润 30 -20 U9%#(T$
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20×8年12月31日 20×7年12月31日 '/~j
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存货 16 000 12 000 !F[^?:pK
流动资产 60 000 50 000 C
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总资产 100 000 90 000 ylPDM7Ka
流动负债 20 000 18 000 Hl b%/&
总负债 30 000 25 000 6rg?0\A<
在审计过程中,约翰发现以下事项: q<>aZ|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: Bv(c`JE~;
借:银行存款5 820 000 Ln@n6*%(/
财务费用 180 000 q}MPl 2
贷:应收票据6 000 000 .wJv_
(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: Y=tx
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借:营业外支出 3 000 000 4pC.mRu
0
贷:预计负债 3 000 000 _|}
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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: BZ"+ ND9m_
借:预计负债 3 000 000 t Zqy
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贷:银行存款 2 500 000 w//L2.
营业外收入 500 000 #t?tt,nc}
要求: iU9> qJ]
(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。 ZI NqIfc
(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: 2m0laJ3p9
(a)20×8年存货周转率 oY8S-N;(t
(b)20×8年销售毛利率 t182&gpd`
(c)20×8年总资产净利率 #0gwN2Nv"L
(d)20×8年12月31日的流动比率 t-3y`31i.
(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) p7eRAQ\'
【答案】 q;L~5q."E
(1)应选择营业收入作为计算重要性水平的基础。 |)+;d
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 h4lrt
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 M73d^z
销售毛利率=(64000-54000)/64000×100%=15.63% >nOU 8
总资产净利率=30/[(100000+90000)/2]=0.03% w
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