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)。 }xJR.]).KW
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: 4WG=
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(Expressed in RMB thousands) {G.jB/
FINANCLAL STATEMENTS ITEMS |Mlh;
20×8 \\s?B K
20×7 msG3~@q
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p=
Sales ~,Mr0
64000 ^H'kHl'F
48000 MC
d F!{
^2JPyyZa
Cost of sales v>:=w|.HC
54000 Mk "vvk
42000 >]?Jrs
j!CU
Net profit /&QQ p3
30 %O_t`wz
-20 *o2#eI
/=ACdJ
xXPUrv5zO
December 31, 20×8 x
Ty7lfSe
December 31, 20×7 3FY_A(+
,5:![
Inventory Q>[Ce3
16000 ;%!tf{Si
12000 Vku#;:yUb^
"B?R|
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Current assets _f66>a<
60000 Ff&R0v
50000 T N Ist
sSy$(%
Total assets ;YM]K R;
100000 R9q0,yQW
90000 soxfk+
9
QSv^l-<
Current liabilities H}a)^90_
20000 Mb~~A5
18000 9PCa*,
p4y6R4kyT
Total liabilities ]'6'<S
30000 )5'rw<:="
25000 hw|t8 ShW
oL)lyUVT
[JZ h*A
During the audit, John has the following findings: i#tbdx#
(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: W1;=J^<&1
Dr. Cash in Bank RMB 5820000 >mew"0Q
Dr. Financial Expenses RMB 180000 l_ZO^E~D_
Cr. Notes Receivable RMB 6000000 pqOA/^ar
(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: r:.6"VQu}
Dr. Non-operating Expenses RMB 3000000 "B~WcC
Cr. Provisions RMB 3000000 B3eNFS
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 [~!.a\[RW
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: G~`'E&/
Dr. Provisions RMB 3000000 Yu1QcFuy
Cr. Cash in Bank RMB 2500000 f@h2;An$w
Cr. Non-operating Income RMB 500000 QYH."7X
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Required: =>e?l8`%
(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. OCwW@OC +
(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: Z~:/#?/
(a)Inventory Turnover Rate in 20×8; &+,:u*%
(b)Gross Profit Ratio in 20×8; 8B_0!U&]
(c)After Tax Return on Total Assets in 20×8; and y~x#pC*w
(d)Current Ratio as at December 31, 20×8 An/>05|
(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. xSx&79Ez<*
【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。 /G{&[X<4U
以下是未经审计财务报表的部分信息: 219R&[cb
(单位:千元) nrI"k2oA@
项目 20×8 20×7 6W]OpM
营业收入 64 000 48 000 FoQ?U=er
营业成本 54 000 42 000 >G<4Ro"
净利润 30 -20 mn(/E/
:a=ro2NH
20×8年12月31日 20×7年12月31日 ^M[#^wv,
存货 16 000 12 000 A\Lr<{Jh
流动资产 60 000 50 000 y9=t;qH@|
总资产 100 000 90 000 %
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流动负债 20 000 18 000 ^dheJ]n=k
总负债 30 000 25 000 $^]
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在审计过程中,约翰发现以下事项: =.VepX|?D
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 0BT;"B1
借:银行存款5 820 000 FK-}i|di
财务费用 180 000 x`Vy<h 33
贷:应收票据6 000 000 qK{|Q
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 0W;q!H[G
借:营业外支出 3 000 000 ^6ExW>K
贷:预计负债 3 000 000 mgk64}K [n
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: dko [
借:预计负债 3 000 000 UIO6|*ka
贷:银行存款 2 500 000 &
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营业外收入 500 000 u![4=w
要求: bta0?O
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 k,a,h^{}j
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: mipi]*ZfXE
(a)20×8年存货周转率 yBr$
0$
(b)20×8年销售毛利率 T_3V/)%@
(c)20×8年总资产净利率 Up_>y>x
(d)20×8年12月31日的流动比率 M|1eqR%x-?
(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) eL>K2Jxq
【答案】 j7Q
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(1)应选择营业收入作为计算重要性水平的基础。 >&*6Fqd
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 H?rSP0.
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 iSnIBs9\
销售毛利率=(64000-54000)/64000×100%=15.63% hVQ7'@
总资产净利率=30/[(100000+90000)/2]=0.03% J&
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流动比率=60000/20000=3 bv .EM
(3) '=KuJ0`nE9
a.应建议做如下审计调整分录: (k7;
借:应收票据 6 000 000 ~+sne7
6 U
贷:短期借款 5 820 000 }~7H2d);-
财务费用 180 000 {KF 7j63
b.应建议做如下审计调整分录: $I?=.:<+
借:预计负债 3 000 000
k/$Ja;
贷:营业外支出 500 000 ##SLwrg
其他应付款 2 500 000 \DG(
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