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)。 /~yqZD<O
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: v=4TU\b%
(Expressed in RMB thousands) ,wV2ZEW}e
FINANCLAL STATEMENTS ITEMS l^_X?L@
20×8 ZG>OT@
GA
20×7 *+IUGR
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Sales (ZnA#%
64000 I/tzo(r
48000 JG_7G=~
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Cost of sales ?`vb\K<5H;
54000 GA|q[<U
42000 '>6-ie^0
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Net profit 6k[u0b`
30 /b
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-20 D >mLSh
Q>r Q/V
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December 31, 20×8 yZ 9 *oDs
December 31, 20×7 L?P8/]DGp
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Inventory
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16000
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12000 *~vRbD$q
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Current assets )#Id2b~
60000 eAqQ~)8^
50000 ^v},Sa/ot]
U*b SM8)L*
Total assets f`c z@
100000 BoXCc"q[
90000 OYKV*
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Current liabilities ,&k5Qq
20000 O$$N{
18000 (=X16}n:>
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Total liabilities 0I
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30000 wO"Q{oi+
25000 Tx xc-$z
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Ax\Fg
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During the audit, John has the following findings: *be+x RY
(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: 4qMHVPJv\
Dr. Cash in Bank RMB 5820000 V>%%2"&C
Dr. Financial Expenses RMB 180000 pQ>V]M
Cr. Notes Receivable RMB 6000000 T>z@;5C
(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: ZTun{Dw{
Dr. Non-operating Expenses RMB 3000000 EKt-C_)U
Cr. Provisions RMB 3000000 GwvxX&P
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 8
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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: P~#jvm!
Dr. Provisions RMB 3000000 c:iMbJOn#
Cr. Cash in Bank RMB 2500000 MqpoS
Cr. Non-operating Income RMB 500000 $p0s
Required: ,^[s4
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. GZ e
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: *Dn{MD7,M
(a)Inventory Turnover Rate in 20×8; sPw(+m*C
(b)Gross Profit Ratio in 20×8; A~6 Cs
(c)After Tax Return on Total Assets in 20×8; and Glwpu-@X
(d)Current Ratio as at December 31, 20×8 p$V+IJtO(
(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. WX[ycm8
【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。 fG{oi(T
以下是未经审计财务报表的部分信息: 94R+S-|P
(单位:千元) E|TzrH
项目 20×8 20×7 ERZ[t\g)
营业收入 64 000 48 000 5
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营业成本 54 000 42 000 1@ina`!1O
净利润 30 -20 V+8+ 17^
Grqs*V &|g
20×8年12月31日 20×7年12月31日 (UM+?]Qwy
存货 16 000 12 000 uqn Z
流动资产 60 000 50 000 (
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总资产 100 000 90 000 e`oc#Od&x]
流动负债 20 000 18 000 UvI!e4_
总负债 30 000 25 000 UOu&sg*o2B
在审计过程中,约翰发现以下事项: Mc8^{br61
(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: '*k\IM{h
借:银行存款5 820 000 i!iODt3k
财务费用 180 000 pxF!<nN1,
贷:应收票据6 000 000 yx-"YV}5
(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: 3k/MigT
借:营业外支出 3 000 000 G9i#_
贷:预计负债 3 000 000 ;CW$/^QNr5
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: cBA[D~s
借:预计负债 3 000 000 ~RJg.9V
贷:银行存款 2 500 000
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营业外收入 500 000 YszhoHYh
要求: IlrmXSr
(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。 9p.>L8
(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: n&fV3[m`2
(a)20×8年存货周转率 3LmHH
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(b)20×8年销售毛利率 5Zov<+kE
(c)20×8年总资产净利率 kel {9b=i
(d)20×8年12月31日的流动比率 lO
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(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) p
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【答案】 %F~
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(1)应选择营业收入作为计算重要性水平的基础。 :NLN xK
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .DQ]q o]OG
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 `et<Z
销售毛利率=(64000-54000)/64000×100%=15.63% cMg/T.O
总资产净利率=30/[(100000+90000)/2]=0.03% tu'M YY
流动比率=60000/20000=3 by<2hLB9Q
(3) $d"+Njd
a.应建议做如下审计调整分录: erqB/ C
借:应收票据 6 000 000 J3]m*i5A
贷:短期借款 5 820 000 ?]z
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财务费用 180 000 K"1J1>CHQ
b.应建议做如下审计调整分录: QZlUUj\
借:预计负债 3 000 000 pr"flRQr#
贷:营业外支出 500 000 7d)aDc*TjW
其他应付款 2 500 000 O
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