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)。 fL7u419=
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: hExw} c
(Expressed in RMB thousands) m?$peRn3{
FINANCLAL STATEMENTS ITEMS N)rf/E0
20×8 Pa}
B0XBWP
20×7 HvSYE[Zt|
%C^%Oq_k
Sales Jfkdiyy"
64000 :>t^B+
48000 *w[\(d'T
eJm7}\/6`
Cost of sales -Ze{d
$
54000 iH#b"h{w
42000 QxjX:O
aTx*6;-PH
Net profit \h&ui]V
30 01P ~K|s
-20 <m|\#Jw_V
tgX},OU^
;& PK6
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December 31, 20×8 %^C.e*
December 31, 20×7 &
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n!*uv~%$
Inventory *xl930y
16000 O^AF+c\n
12000 m
<cvx3e
~^GY(J'
Current assets ydyGPZt
60000 ~SW_jiKM
50000 4[eQ5$CB<u
RXj6L~vs5_
Total assets 3hrODts
100000 (DW[#2\.
90000 R1%2]?
fzVU9BU
Current liabilities 5}/TB_W7j
20000 TBz
Oz:k
18000 |4F3Gu
j
r9/
Total liabilities JvZNr?_w%
30000 bBFdr
25000 N2~q
\BqA
]-D;t~
T|c9Swur
During the audit, John has the following findings: u*<G20~A
(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: 0H6^2T<
Dr. Cash in Bank RMB 5820000 Mw
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Dr. Financial Expenses RMB 180000 ^.d97rSm
Cr. Notes Receivable RMB 6000000 7fOk]Yl[
(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: >+ZD 6l/
Dr. Non-operating Expenses RMB 3000000
*vss
Cr. Provisions RMB 3000000 RQ1`k,R=
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 V|h/a\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: :.+?v*%;n
Dr. Provisions RMB 3000000 dUTF0U
Cr. Cash in Bank RMB 2500000 <u"h'e/oW_
Cr. Non-operating Income RMB 500000 $:YJ<HvG<
Required: \(C_t1
(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. w;;.bz m
(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: 'e3[m
(a)Inventory Turnover Rate in 20×8; ?Q< o-o;B
(b)Gross Profit Ratio in 20×8; 3']yjj(gHr
(c)After Tax Return on Total Assets in 20×8; and _l`s
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(d)Current Ratio as at December 31, 20×8 D&xbtJd
(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. nj7wc9z4
【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。 l1|z;
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以下是未经审计财务报表的部分信息:
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(单位:千元) ,AC+s"VS
项目 20×8 20×7 =/k*w#j
营业收入 64 000 48 000 ;(kU:b|j
营业成本 54 000 42 000 \?bp^BrI
净利润 30 -20 NY5?T0/[
|$r|DX1[
20×8年12月31日 20×7年12月31日 (L)tC*Qjc
存货 16 000 12 000 u= |hRTD=
流动资产 60 000 50 000 4DL;/Z
:
总资产 100 000 90 000 OOEmXb]8
流动负债 20 000 18 000 n%Vt r
总负债 30 000 25 000 O1.a=O
在审计过程中,约翰发现以下事项: *CA7
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(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: );^]
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借:银行存款5 820 000 *S).@j\{W
财务费用 180 000 $Q[>v!!X
贷:应收票据6 000 000 (]|rxmycA
(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: p2|BbC\N
借:营业外支出 3 000 000 V01-n{~G
贷:预计负债 3 000 000 JZ[~3swR
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: !cs+tm3
借:预计负债 3 000 000 ;P-xKRU!Xx
贷:银行存款 2 500 000 MSmvQ
营业外收入 500 000 %5=XszS
要求: lg0iNc!
(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。 *3h
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(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: }ug|&25D
(a)20×8年存货周转率 x,\PV>
(b)20×8年销售毛利率 d1c_F~h<
(c)20×8年总资产净利率 v'C`;I
(d)20×8年12月31日的流动比率 F<y5zqGy@
(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) bF88F_
【答案】 eZ]4,,m
(1)应选择营业收入作为计算重要性水平的基础。 $18|@\Znj
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 *g^U=t
:@TfhQV_=Q
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 V`KXfY
销售毛利率=(64000-54000)/64000×100%=15.63% &)Fp
总资产净利率=30/[(100000+90000)/2]=0.03% T4`.rnzyRb
流动比率=60000/20000=3 a.a5qwG
(3) yfS`g-j{~
a.应建议做如下审计调整分录: c~0YIk
>]
借:应收票据 6 000 000 a*d>WN.;U
贷:短期借款 5 820 000 R qS2Qo]
财务费用 180 000 =N
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b.应建议做如下审计调整分录: cvpcadN[
借:预计负债 3 000 000 1"r6qYN!>
贷:营业外支出 500 000 c <[?Z7y
其他应付款 2 500 000 JJ3(0
+