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)。 G}9bCr,
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: W~+!"^<n
(Expressed in RMB thousands) |aOnV,}
FINANCLAL STATEMENTS ITEMS q6m87O9
20×8 $J;=Ux)$
20×7 h!t2H6eyF
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Sales JUa
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64000 C7fi
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48000 Rm[rQ}:
c-3Y SrY
Cost of sales ([4{n
54000 4<eJ
42000 RL]lt0O{
?SsRN jeL
Net profit ?[L0LL?ce
30 8en#PH }
-20 yW6[Fpw
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December 31, 20×8 ^JF_;~C
December 31, 20×7 ke;*uS
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Inventory H?/cG_^y0
16000 |0vHy7CE
12000 _>:=<xyOq
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Current assets R^Eu}?<f
60000 ~M9n<kmE
50000 ,[K)E
WHD/ s
Total assets ekk&TTp#
100000 ;6&=]I
90000 t73Z3M
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Current liabilities S;AnpiBM8
20000 PB3!;
18000 w\8rh\Mvh
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Total liabilities krnk%ug
30000 G~$M"@Q7N
25000 ]@<3 6ByM
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During the audit, John has the following findings: GzZ|T7fm
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 5)zh@aJ@
Dr. Cash in Bank RMB 5820000 |~"A:gf
Dr. Financial Expenses RMB 180000 }zfLm`vJ
Cr. Notes Receivable RMB 6000000 H|Fqc=qp
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: /Geks/
Dr. Non-operating Expenses RMB 3000000 uL2{v
Cr. Provisions RMB 3000000 XGup,7e9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 IM&7h!
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: z1KC$~{O
Dr. Provisions RMB 3000000 s"Pk-Dv
Cr. Cash in Bank RMB 2500000 O
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Cr. Non-operating Income RMB 500000 D(ntV
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Required: &u`rE""
(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.
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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: `R=_t]ie
(a)Inventory Turnover Rate in 20×8; VFaK>gQ
(b)Gross Profit Ratio in 20×8; !vo '8r?&
(c)After Tax Return on Total Assets in 20×8; and Q{|'g5(O
(d)Current Ratio as at December 31, 20×8 .gsu_N_v
(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. eRqexqO!
【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。 t:j07 ,1~
以下是未经审计财务报表的部分信息: ^)P5(fJ
(单位:千元) ' ^L
项目 20×8 20×7 BMsy}08dQ
营业收入 64 000 48 000 ^VYZ%
营业成本 54 000 42 000 %<*pM@
净利润 30 -20 `&Of82*w
Wes"t}[25
20×8年12月31日 20×7年12月31日 #Uk6Fmu]
存货 16 000 12 000 8{=(#]
流动资产 60 000 50 000 ^A$XXH'
总资产 100 000 90 000 hE`%1j2(
流动负债 20 000 18 000 B46H@]d#7K
总负债 30 000 25 000 IhKas4
在审计过程中,约翰发现以下事项: o6yZ@R
(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: )^2jsy
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借:银行存款5 820 000 ?j$8Uy$$
财务费用 180 000 i@?<]n
贷:应收票据6 000 000 Kz2^f@5=F
(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: ]be2jQx3
借:营业外支出 3 000 000 R#^pNJN
贷:预计负债 3 000 000 73Zs/
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: 6!PX!
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借:预计负债 3 000 000 k)t8J \
贷:银行存款 2 500 000 Hw. @Le>
营业外收入 500 000 M]zNW{Xt
要求: 0J,d9a [1
(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。 #UnO~IE.m$
(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: Z42 Suy
(a)20×8年存货周转率 [B;Ek\ 5W
(b)20×8年销售毛利率
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(c)20×8年总资产净利率 N0KRND
(d)20×8年12月31日的流动比率 EC\:uK
(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) cx%9UK*c
【答案】 k yA(m;r
(1)应选择营业收入作为计算重要性水平的基础。 6#63D>OWp
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 HQj4h]O#
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 fe`G^hV
销售毛利率=(64000-54000)/64000×100%=15.63% DMpd(ws
总资产净利率=30/[(100000+90000)/2]=0.03% BJ2W}R
流动比率=60000/20000=3 &y wY?ox
(3) ! { aA*E{
a.应建议做如下审计调整分录: mP+yjRw
借:应收票据 6 000 000 8pt
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贷:短期借款 5 820 000 KvOI)"0(
财务费用 180 000 B{7/A[$%C
b.应建议做如下审计调整分录: ~a,'
借:预计负债 3 000 000 _( /lBf{|
贷:营业外支出 500 000 WC; a
其他应付款 2 500 000 &jd<rs5
}