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)。 F8 ;M++
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: :4}?%3&;
(Expressed in RMB thousands) _U1~^ucV
FINANCLAL STATEMENTS ITEMS DifRpj I-0
20×8 +uM1#-+h
20×7 {:IOTy
j1N1c~2
Sales x +!<_p
64000 Dj;h!8t.
48000 QUaz;kNC7
fPiq
Cost of sales z_*]joL
54000 'd]9u9u
42000 r62x*?/
f62z9)`^
Net profit Q
nDy mVF
30 I}puN!
-20 U;?%rM6
| H2{%!
rwtSn?0z"
December 31, 20×8 _c['_HC
December 31, 20×7 NS#qein~i
:M`|*~V~$
Inventory 9;&2LT7z
16000 aP!a?xq
12000 y+(<Is0w
F4k<YU
Current assets m`g%\o^6i
60000 "monuErg&
50000 _0)#-L>xKF
X;w1@4
!
Total assets zpZlA_
100000 C0jmjZ%w@
90000 ldM [8
:t(gD8 ;
Current liabilities Uey.@ 2Q
20000
a)(j68c
18000 ~B:Lai4"
:u'X
~ID[
Total liabilities Q# }} 1}Ja
30000 ci+Pg9sS
25000 n8w|8[uV^
bS
&'oWy*B
5dMIv<#T`
During the audit, John has the following findings: 3rZFN
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(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: }Tu_?b`RUm
Dr. Cash in Bank RMB 5820000 N$/{f2iC
Dr. Financial Expenses RMB 180000 teUCK(;23
Cr. Notes Receivable RMB 6000000 ( iP,F]
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 8doT`rI1
Dr. Non-operating Expenses RMB 3000000 90k|W>
Cr. Provisions RMB 3000000 "ltvD\
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 *-ZD -B*?
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: GLwL'C'591
Dr. Provisions RMB 3000000 =P'=P0G
Cr. Cash in Bank RMB 2500000 Q~,E
K
Cr. Non-operating Income RMB 500000 9'3bzhT$
Required: b]g}h
(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. 5BS-q"
(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: )FMpfC>An
(a)Inventory Turnover Rate in 20×8; Ki^m&P
(b)Gross Profit Ratio in 20×8; J6hWcA6g
(c)After Tax Return on Total Assets in 20×8; and ,'Y*e[
(d)Current Ratio as at December 31, 20×8 <s9Sx>Zb
(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. C
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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。 bC$n+G>6k
以下是未经审计财务报表的部分信息: 2N5N^S
(单位:千元) *Sz`=U7n
项目 20×8 20×7 To]WCFp6@
营业收入 64 000 48 000 /Or76kE
营业成本 54 000 42 000 (+Gd)iO
净利润 30 -20 `vDg~o
}.NR+:0
20×8年12月31日 20×7年12月31日 5>j,P
存货 16 000 12 000 ~NpnRIt
流动资产 60 000 50 000 56>Zqtp*
总资产 100 000 90 000 V3yO_Iqa
流动负债 20 000 18 000 A!Ng@r
总负债 30 000 25 000 xE9^4-Px*
在审计过程中,约翰发现以下事项: *#N%3:@T
(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: SQvicZAN)`
借:银行存款5 820 000
*X*D,
VY
财务费用 180 000 0w< iz;30
贷:应收票据6 000 000 HjGT{o
(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: t82Bp[t
借:营业外支出 3 000 000 2YuaPq/
贷:预计负债 3 000 000 qlPjz*<h"H
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: $]|_xG-6{
借:预计负债 3 000 000 b 7aAP*$
贷:银行存款 2 500 000 `WWf?g
营业外收入 500 000 VY=~cVkzS
要求: twf;{lZ(
(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。 +ywWQ|V
(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: A~*Wr+pv
(a)20×8年存货周转率 SK;f#quUQ
(b)20×8年销售毛利率 S]<G|mn,
(c)20×8年总资产净利率 OTN"XKa$
(d)20×8年12月31日的流动比率 ~i))Zc3,g\
(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) 5w}xjOYIjV
【答案】 -
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(1)应选择营业收入作为计算重要性水平的基础。 (cC5zv*E
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 dam.D.o"
-W!
g>^.
(2)存货周转率=54 000/[(16000+12000)/2]=3.86
pm5Yc@D
销售毛利率=(64000-54000)/64000×100%=15.63% J#Bz)WmR
总资产净利率=30/[(100000+90000)/2]=0.03% BAX])~_
流动比率=60000/20000=3 B^h]6Z/O
(3) pRMM1&H
a.应建议做如下审计调整分录: ut3jIZ1]
借:应收票据 6 000 000 &bBp`h
贷:短期借款 5 820 000 !Z%QD\knY
财务费用 180 000 !RiPr(m@y
b.应建议做如下审计调整分录: )I1LBvfQ
借:预计负债 3 000 000 o|^0DYb
贷:营业外支出 500 000 ]Y;$~qQ
其他应付款 2 500 000 %{zM> le9