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)。 kz/"5gX:
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: ;:,U]@
(Expressed in RMB thousands) \ iA'^69
FINANCLAL STATEMENTS ITEMS _o T+x%i
20×8 D$AvD7_
20×7 DbSR(:
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Sales 1=h5Z3/fj
64000 0v,fY2$c
48000 tVe =c
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Cost of sales 8(ot<3(D
54000 kWacc&*|
42000 R,s}<N$
MH|F<$42
Net profit e"%uOuIYX
30 !' 0PM[
-20 "D'r
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o`Af6C;Q
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December 31, 20×8 Dkx}}E:<
December 31, 20×7 \:g\?[
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Inventory WD_{bd)
16000 Peo-t*-06
12000 +w7U7"
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Current assets psse^rFg
60000 RU=\eD
50000 <5"&]!
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Total assets E+ |K3EJ
100000 l =t/"M=
90000 %#
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Current liabilities w?zy/+N~
20000 q{_ f"
18000 d&AO4^
omGzyuPF
Total liabilities *p=enflU
30000 gKcBx6G
Q
25000 Td|u-9OM
8#HnV%|N
Caz5q|Oo
During the audit, John has the following findings: t%G.i@{pkp
(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: YR? E
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Dr. Cash in Bank RMB 5820000 ]R>NmjAI
Dr. Financial Expenses RMB 180000 7_P33l8y
Cr. Notes Receivable RMB 6000000 v%c/eAF
(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:
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Dr. Non-operating Expenses RMB 3000000 :nR80]
Cr. Provisions RMB 3000000 *];
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ^pH8'^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: mQ<4(qd)
Dr. Provisions RMB 3000000 Dkb`_HI
Cr. Cash in Bank RMB 2500000 V?'p E
Cr. Non-operating Income RMB 500000 by0K:*C
Required: G3`9'-2q@c
(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. !h4A7KBYG
(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: NP\mzlI~@
(a)Inventory Turnover Rate in 20×8; |O6/p7+.
(b)Gross Profit Ratio in 20×8; S[2?,C<2=
(c)After Tax Return on Total Assets in 20×8; and =cZ24I
(d)Current Ratio as at December 31, 20×8 1KrJS(.
(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. vpf.0!zh
【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。 .{c7 I!8
以下是未经审计财务报表的部分信息: GC7 WRA
(单位:千元) YC8IwyL'
项目 20×8 20×7 7 s{vou
营业收入 64 000 48 000
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营业成本 54 000 42 000 J,) ytw]
净利润 30 -20 J<+f7L
6 5dMv*{
20×8年12月31日 20×7年12月31日 Kcp YHWCa.
存货 16 000 12 000 >h\u[I$7
流动资产 60 000 50 000 ~WTk X(\
总资产 100 000 90 000 2/r8
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流动负债 20 000 18 000 bY.VNA
总负债 30 000 25 000 ,lA@C2c
在审计过程中,约翰发现以下事项: ,>rvl P
(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: Ad>81=Z
借:银行存款5 820 000 iLZY6?_^
财务费用 180 000 YLQ0UeDN'
贷:应收票据6 000 000 ~?Ky{jah:^
(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: L?ht^ H
借:营业外支出 3 000 000 I/tMFg
贷:预计负债 3 000 000 Uzzm2OS`
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: |&JeJ0k>~
借:预计负债 3 000 000 O 1z0
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贷:银行存款 2 500 000 96<oX:#
营业外收入 500 000 jw
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要求: 9/29>K_
(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。 pg4pfi^__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: p9?kJKN
(a)20×8年存货周转率 J??AU0vh
(b)20×8年销售毛利率 SDil\x
(c)20×8年总资产净利率 g?v(>#i
(d)20×8年12月31日的流动比率 ; $80}TY '
(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) $~.YB\3
【答案】 Zf@B<
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(1)应选择营业收入作为计算重要性水平的基础。 _C?Wk: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。 T2<%[AF0
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 8]&:'
销售毛利率=(64000-54000)/64000×100%=15.63% sd\p[MXX
总资产净利率=30/[(100000+90000)/2]=0.03% H,L{N'[Xph
流动比率=60000/20000=3 &N/t%q
(3) !Yb !Au[
a.应建议做如下审计调整分录: 8^ f: -5
借:应收票据 6 000 000 (^
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贷:短期借款 5 820 000 |}
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财务费用 180 000 i>YQ<A1
b.应建议做如下审计调整分录: Mz6(M,hkq
借:预计负债 3 000 000 D1xGUz2r
贷:营业外支出 500 000 ZAgXz{!H(
其他应付款 2 500 000 (8h4\utA