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)。 DpA)Vdj
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: R31Z(vY
(Expressed in RMB thousands) M_UmnqN1C
FINANCLAL STATEMENTS ITEMS +aEm]=3
20×8 9M7P|Q
20×7 \/j,
,q#SAZ/N
Sales 6Y\TVRR
64000 xrBM`Bj0@
48000 WxO+
cB+?
#"!ga)a%L
Cost of sales k*6"!J%A
54000 _<mY|
42000 ?.F^Oi6
u
X\H P{$fY_
Net profit p.8
30 ?qSwV.l]d
-20 xSM1b5=Pu
r0[<[jEh
KFO
K%vbM
December 31, 20×8 $MQ<QP
December 31, 20×7 {.e+?V2>_
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Inventory AhA&=l
i;
16000 B/@LE{qUn
12000 LprGsqr:
Iq,h}7C8'
Current assets `p* 43nV
60000 (G./P@/[
50000 A_E2v{*n
oGI'a:iff
Total assets GJQ>VI2cY
100000 4\|Q;@f
90000 Bnk<e
L?|}!
Current liabilities v,QvCozOz
20000 Vrlqje_
Q
18000 RR+kjK?
@uV]7d"z(
Total liabilities 6[R6P:v&'G
30000 3`{
vx
25000 j<BRaT
y!x[N!a
Pke8RLg2A
During the audit, John has the following findings: FMF mn|
(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: "bRjY?D
Dr. Cash in Bank RMB 5820000 LQ%QFfC
Dr. Financial Expenses RMB 180000
n=~!x
Cr. Notes Receivable RMB 6000000 @oH\r-jsgu
(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: &3"ODAp'
Dr. Non-operating Expenses RMB 3000000 Wvu1?
Cr. Provisions RMB 3000000 b5]<!~Fv:`
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 n<FUaR>q}
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: Ho*B<#&(A|
Dr. Provisions RMB 3000000 #tsP
Cr. Cash in Bank RMB 2500000 qj:[NPwaM
Cr. Non-operating Income RMB 500000 ^q& Rl\
Required: OIw[sum2
(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. BKI-Dh
(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: zx:;0Z:S6>
(a)Inventory Turnover Rate in 20×8; }Ptv[{q]GE
(b)Gross Profit Ratio in 20×8; bk=;=K
(c)After Tax Return on Total Assets in 20×8; and
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(d)Current Ratio as at December 31, 20×8 }#E]efjs
(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. h\Y~sm?!`
【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。 o2$A2L9P
以下是未经审计财务报表的部分信息: >b0Bvx-
(单位:千元) dG~U3\!
项目 20×8 20×7 Z]2z*XD
营业收入 64 000 48 000 FGc#_4SiL
营业成本 54 000 42 000 W;!V_-:
净利润 30 -20 @J6r;4|&
ir\)Hz2P
20×8年12月31日 20×7年12月31日 %cDTq&Q
存货 16 000 12 000 [K4k7$
流动资产 60 000 50 000 ?kV_!2U)'K
总资产 100 000 90 000 %$)Sz[=
流动负债 20 000 18 000
zZ51jA9x
总负债 30 000 25 000 v&9:Wd*Iz'
在审计过程中,约翰发现以下事项: y!S: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: #a|r
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借:银行存款5 820 000 ]0(ZlpT
财务费用 180 000 YB)I%5d;{
贷:应收票据6 000 000 h?4EVOx+
(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: MZX@Gi<S[
借:营业外支出 3 000 000 N(J#<;!yb
贷:预计负债 3 000 000 >OjK0jiPf
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: m`xYd
借:预计负债 3 000 000 =\i%,YY
贷:银行存款 2 500 000 r~,3
营业外收入 500 000 =)iA
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要求: e_rEu'[av
(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。 QiVKaBS8
(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: ,}>b\(Lk
(a)20×8年存货周转率
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(b)20×8年销售毛利率 O\]{6+$fm!
(c)20×8年总资产净利率 tdu:imH~
(d)20×8年12月31日的流动比率 n1R{[\ >1
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) W_/$H_04+
【答案】 [{`&a#Q
(1)应选择营业收入作为计算重要性水平的基础。 Y|/,*,u+
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 W5Jb5
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Pum&