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)。 Z'>UR.g
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: .ARM~{q6)@
(Expressed in RMB thousands) BWQ`8
FINANCLAL STATEMENTS ITEMS %\(-<aT
20×8 7K
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20×7 b_ak@LYiu
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Sales &6C]|13;
64000
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48000 -3i(N.)<;
l"(PP3
Cost of sales -(F}=o'
54000 l?2
42000 fkp(M
%3~miP
Net profit P8}IDQ9
30 m~*qS4
-20 ZzNHEV
C3Q #[
Uz_p-J0
December 31, 20×8 7Y[ q)
lv
December 31, 20×7 xjiV9{w
D ka8[z7
Inventory kmC0.\
16000 vD9\i*\2
12000 wW p7N
0RtZTCGO
Current assets i+mU(/l2{
60000 yNXYS
50000
HZ%V>88
?wPTe^Qtv
Total assets XVt;hO
100000 2,q*8=?{6P
90000 u-|%K.A
^7/v[J<<
Current liabilities 'DVn /3?X
20000 n]Yz
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18000 eu" m0Q
$(;Ts)P
Total liabilities b#p0s?*
30000 z^`4n_(Ygu
25000 HBR/" m
[KYq01cj
M&V4|D
During the audit, John has the following findings: y>0 @.
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: #*.4Jv<R
Dr. Cash in Bank RMB 5820000 t2{(ETV
Dr. Financial Expenses RMB 180000 ?OF$J|h
Cr. Notes Receivable RMB 6000000 Bj2iYk_cLa
(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: KTT!P 4
Dr. Non-operating Expenses RMB 3000000 >^`# %$+
Cr. Provisions RMB 3000000 ! PGCoI
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 TM{m:I:Z*n
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: 9ThsR&h3
Dr. Provisions RMB 3000000 Bf00&PE;
Cr. Cash in Bank RMB 2500000 xj U0&
Cr. Non-operating Income RMB 500000 T_c`=3aO
Required: 6wB
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(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. fgtwVji
(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: 6x(b/`VW
(a)Inventory Turnover Rate in 20×8; nRqP_*]
(b)Gross Profit Ratio in 20×8; nt|n[-}
(c)After Tax Return on Total Assets in 20×8; and =Xr{ Dg
(d)Current Ratio as at December 31, 20×8 9-m_
e=jk6
(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. ,Aq, f$5V
【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。 I:=!,4S;
以下是未经审计财务报表的部分信息: N)E'k%?,
(单位:千元) T<7}IH$6xE
项目 20×8 20×7 [7DU0Xg7
营业收入 64 000 48 000 8i`T?KB
营业成本 54 000 42 000 &f 'Lll
净利润 30 -20 Om:Gun\%
Bq~S=bAB>R
20×8年12月31日 20×7年12月31日 #oEtLb@O
存货 16 000 12 000 ;_<
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流动资产 60 000 50 000 N/{=j
总资产 100 000 90 000 Bt:M^b^
流动负债 20 000 18 000 /P3Pv"r|8]
总负债 30 000 25 000 epk
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在审计过程中,约翰发现以下事项: CWp>8@v
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: hZ<FCY,/?
借:银行存款5 820 000 _%rkN0-(a
财务费用 180 000 p
,8:(|(
贷:应收票据6 000 000 ?=iy 6q
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ^|rzq
XW
借:营业外支出 3 000 000 uh)f/)6
贷:预计负债 3 000 000 ;2
BPEo>z9
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: PR7bu%Y*eD
借:预计负债 3 000 000 = "Lb5!
贷:银行存款 2 500 000 S,+|A)\#
营业外收入 500 000 +)(
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要求: uX7"u*@Q*~
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 W}(xE?9&
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: M _Lj5`
(a)20×8年存货周转率 S|RUc}(
(b)20×8年销售毛利率 I%{D5.du
(c)20×8年总资产净利率 PsS8b
(d)20×8年12月31日的流动比率 l(tMo7iPa
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) N*hx;k9
【答案】 >RmL0d#B
(1)应选择营业收入作为计算重要性水平的基础。 r<kqs,-~
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 \%;5$ovV
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 xb(y15R\I
销售毛利率=(64000-54000)/64000×100%=15.63% DVyxe}
总资产净利率=30/[(100000+90000)/2]=0.03% Y5Z<uD
流动比率=60000/20000=3 xOpCybmc
(3) 0R?LWm
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a.应建议做如下审计调整分录: +Xr87x;
借:应收票据 6 000 000 O:O
+Q!58
贷:短期借款 5 820 000 |f&=9%
财务费用 180 000 PHn3f;I
b.应建议做如下审计调整分录: |S VL%agZ
借:预计负债 3 000 000 jP"='6Vrw
贷:营业外支出 500 000 (=i+{
3`|
其他应付款 2 500 000 ;=ERm=