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)。 CI3XzH\IX*
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: Df3rV '/~
(Expressed in RMB thousands) R8.CC1Ix
FINANCLAL STATEMENTS ITEMS Y@PI {;!
20×8 2NB L}x
20×7 `xrmT t
X
A*W)bZs.
Sales KK@.~'d
64000 ca+[0w@S
48000 ?-1r$31p
zt^48~ry
Cost of sales fu~+8CE.
54000 uc|45Zxt
42000 >>[G1
#s!'+|2n
Net profit P./VmY'
30 p!s}=wI`
-20 CKA
;.sh
9c JH"
5xii(\lC
December 31, 20×8 GguFo+YeZ
December 31, 20×7 G7D2{J{1
4
B*0M
Inventory 28
3H
16000 ak:c rrkx
12000 $8a(veXd
< y*x]}
Current assets L \;6y*K
60000 6m6zA/
50000 qc-mGmom L
[e1S^pI
Total assets L<fvKmo(fw
100000 RQMEBsI}
90000 iDf,e Kk$'
wY"Q o7
Current liabilities umdG(osR
20000 [
d* ~@P
18000 f-r]
|k
p019)X|vx
Total liabilities ,K^4fL$C;3
30000 Wa?; ^T
25000 RxQh2<?
c2K:FdB
TT-h;'nJ
During the audit, John has the following findings: <7Ae-!>x
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: /<rt1&0
Dr. Cash in Bank RMB 5820000 5Vi>%5A>l
Dr. Financial Expenses RMB 180000 &7_Qd4=08w
Cr. Notes Receivable RMB 6000000 )Z %T27r,^
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: =~+DUMBT
Dr. Non-operating Expenses RMB 3000000 t-LG }nv
Cr. Provisions RMB 3000000 MCdx?m3]
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 +&["HoKg}&
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 3"{.37Q
Dr. Provisions RMB 3000000 .$#r
V?7
Cr. Cash in Bank RMB 2500000 a<fUI%_
Cr. Non-operating Income RMB 500000 5^j45'%I
Required: 2ZQ}7`Y
(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. sCu+Lg~f
(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: ?ByM[E$
(a)Inventory Turnover Rate in 20×8; O2"gj"D
(b)Gross Profit Ratio in 20×8; h;j IYxj
(c)After Tax Return on Total Assets in 20×8; and KWWa&[ev)
(d)Current Ratio as at December 31, 20×8 *cO sv
(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. TXZv2P9
【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。 Yf[Qtmh]I
以下是未经审计财务报表的部分信息: kkK
kf
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(单位:千元) 1 1cWy+8D
项目 20×8 20×7 ;.bm6(;
营业收入 64 000 48 000 yZ!T8"mz{
营业成本 54 000 42 000 V=1Bo~
净利润 30 -20 =r@vc
H}:LQ~_2
20×8年12月31日 20×7年12月31日 ;vb8G$
存货 16 000 12 000 [g2;N,V#
流动资产 60 000 50 000 ^OErq&`u
总资产 100 000 90 000 ~i.k$XGA
流动负债 20 000 18 000 5#QXR+
T
总负债 30 000 25 000 FW.$5*f='
在审计过程中,约翰发现以下事项: 6_4D9 W
(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: BAO| )~1Pd
借:银行存款5 820 000 CNww`PX,zZ
财务费用 180 000 Xj*vh
m%i
贷:应收票据6 000 000 fJWC)E
(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: wYlf^~#"
借:营业外支出 3 000 000 5cWw7V<m
贷:预计负债 3 000 000 $u/E\l
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: 03j]d&P%d
借:预计负债 3 000 000 wK}\_2?
贷:银行存款 2 500 000 b9XW9O`B
营业外收入 500 000 ;Q+xKh%
要求: v)_nWu
(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。 DvM5 k
(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: &*
E+N[
(a)20×8年存货周转率 _Ob@`
(b)20×8年销售毛利率 WYc7aciJ
(c)20×8年总资产净利率 0D8K=h&e
(d)20×8年12月31日的流动比率 HD N9.5S
(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) {6oE0;2o'
【答案】 p^iRPI
(1)应选择营业收入作为计算重要性水平的基础。 W14Vm(`N
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 #Eb5: ;
D13Rx 6b
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 jV8q)=}*)
销售毛利率=(64000-54000)/64000×100%=15.63% Wpc|`e<
总资产净利率=30/[(100000+90000)/2]=0.03% {3!E4"p
流动比率=60000/20000=3 y^;l*qq
(3) ;@
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a.应建议做如下审计调整分录: 1@gg uRF:
借:应收票据 6 000 000 ~n/
$
贷:短期借款 5 820 000 !p1qJ [
财务费用 180 000
U?!>Nd
b.应建议做如下审计调整分录: SwU\
q]^|Z
借:预计负债 3 000 000 7$r
jlVe
贷:营业外支出 500 000 0 P[RyQI
其他应付款 2 500 000 !pJeA)W;