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)。 yDegcAn?
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: Rnr(g;2
(Expressed in RMB thousands) jZ~n[
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FINANCLAL STATEMENTS ITEMS 9CWF{"
20×8 (
+Q&[E"87
20×7 2db3I:;E
;RC{<wBTx
Sales R6kD=JY/!
64000 {E9+WFz5
48000 Ez
fN&8E
--HZX
Cost of sales 0z
lb0[
54000 9.gXzPH
42000 p93r'&Q
^6MU
0Q2
Net profit !Sh&3uy_qN
30 pz\
+U7
-20 t(NI-UXBp
"$+Jnc!!
(a.z9nqGA
December 31, 20×8 +eK"-u~K
December 31, 20×7 _VRpI)mu
IEsEdw]aZE
Inventory N~goI#4
16000 Q kEvw<
12000 @"Fme-~
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6(N@RC
Current assets pN:Kdi
60000
F4}]b(L
50000 vNV/eB8#S
{JZZZY!n2
Total assets (2J: #
100000 Xqg@ e:g
90000 ([T>.s
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Current liabilities
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20000 xW)2<m6C&
18000 ZM!CaR
(C-{B[Y
Total liabilities ~?4PBq
30000 {5U{8b]k
25000 =n5zM._S-
sJ;g$TB
5[k/s}g
During the audit, John has the following findings: U\4g#!qj
(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: 8uc1
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Dr. Cash in Bank RMB 5820000 Neq+16*u
Dr. Financial Expenses RMB 180000 591>rh)
Cr. Notes Receivable RMB 6000000 h)ECf?r<
(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: fi-
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Dr. Non-operating Expenses RMB 3000000 bH7X'%r
Cr. Provisions RMB 3000000 [')m|u~FS4
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Se:.
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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: [,t*Pfq'W8
Dr. Provisions RMB 3000000 J*yf2&lI5
Cr. Cash in Bank RMB 2500000 D.B.7-_8
Cr. Non-operating Income RMB 500000 r?+%?$
Required: +%zAQeb
(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. =x%dNf$e{W
(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: dA@]!
(a)Inventory Turnover Rate in 20×8; p `8s
(b)Gross Profit Ratio in 20×8; 2iY3Lsna
(c)After Tax Return on Total Assets in 20×8; and jSD#X3qp
(d)Current Ratio as at December 31, 20×8 $UMFNjL
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. /\ y
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 rn/ /%
以下是未经审计财务报表的部分信息: "Gfh ,e
(单位:千元) \rx3aJ
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项目 20×8 20×7 / ;$#d}R
营业收入 64 000 48 000 ,X[ktz
营业成本 54 000 42 000 8{wwd:6
净利润 30 -20 E
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[pC$+NX
20×8年12月31日 20×7年12月31日 V]|^&A_c
存货 16 000 12 000 63q^ $I
流动资产 60 000 50 000 m!|kW{B#A
总资产 100 000 90 000 9_q#W'/
X
流动负债 20 000 18 000 0LPig[
总负债 30 000 25 000 7L`A{L
在审计过程中,约翰发现以下事项: ?J%1#1L"/
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ]{)a,c NG
借:银行存款5 820 000 *rM^;4Zt
财务费用 180 000 WKts[Z
贷:应收票据6 000 000 (7mAt3n
k
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ' KWyx
借:营业外支出 3 000 000 <":;+Ng+
贷:预计负债 3 000 000 Hbj,[$Jb
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: 4^p5&5F
借:预计负债 3 000 000 opY@RJ]
贷:银行存款 2 500 000 ?x$"+,
营业外收入 500 000 Vi>,kF.fV
要求: \s/s7y6b+
(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。 =}lh_
(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: xHUsFms
(a)20×8年存货周转率 _D+}q_
(b)20×8年销售毛利率 m;H.#^b*
(c)20×8年总资产净利率 v0
nj M
(d)20×8年12月31日的流动比率 mPOGidxix
(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) Fz3fwLawI
【答案】 X}=n:Ql'YY
(1)应选择营业收入作为计算重要性水平的基础。 ~qcNEl\-y
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Sc>,lIM
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 jlkmLcpf
销售毛利率=(64000-54000)/64000×100%=15.63% HFKfkAl
总资产净利率=30/[(100000+90000)/2]=0.03% T_i:}ul
流动比率=60000/20000=3 AJf4_+H
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(3) &R[ Mc-2
a.应建议做如下审计调整分录: ~3Lg"I
借:应收票据 6 000 000 J4QXz[dG
贷:短期借款 5 820 000 gD,1 06%
财务费用 180 000 "oTHq]Ku
b.应建议做如下审计调整分录: 7FzA*
借:预计负债 3 000 000 %j:]^vqFA
贷:营业外支出 500 000 98j>1"8
其他应付款 2 500 000 B:dB,3,`(