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)。 v)p'0F#6A
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: L<XAvg
(Expressed in RMB thousands) A%[e<vj9
FINANCLAL STATEMENTS ITEMS {EfA#{x
20×8 #fYRsVQ
20×7 e
A{nwtN
bO i-QD
Sales @T"-%L8PL
64000 ~8 B
]
48000 mEm=SpO[$o
6"Ze%:AZZ
Cost of sales c;?J
54000 nt&"?
/s
42000 E2xK GK
9 NGKh3V
Net profit |(%=zb=?X
30 aD(3.=[R
-20 C669:%
~6
"=d
&SG5f[
December 31, 20×8 .@Lktc
December 31, 20×7 2Z-
[x9t
!/a![Ne
Inventory "ejsz&n
16000 Y{Ff I+
12000 3'Hz,qP
w%?Zb[!&
Current assets V3%
>TNp
60000 XU`ly3!
50000 'fs
tfk
mm9uhlV8
Total assets zviTGhA
100000 ]xkh"j+W
90000 F pT$D
+7Uv|LZ~@
Current liabilities ~<.{z]*O
20000 J-|&[-Z
18000 t~H0Qeb[v=
zcC:b4
Total liabilities P L7(0b%
30000 A<]
$[2qPj
25000 ~,_@|,)
xHCdtloi?I
e^<'H
During the audit, John has the following findings: r$1b=m,0d
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: n0LN
AhM
Dr. Cash in Bank RMB 5820000 N%,zME
Dr. Financial Expenses RMB 180000 A0>r]<y
Cr. Notes Receivable RMB 6000000 MgP&9
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: cyLl,OA
Dr. Non-operating Expenses RMB 3000000 S0Ur{!9\#^
Cr. Provisions RMB 3000000 '6kD6o_p1
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ZC%;5O`
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ]h#QA;
Dr. Provisions RMB 3000000 .l hS
Cr. Cash in Bank RMB 2500000 ny%$BQM=
Cr. Non-operating Income RMB 500000 ]
%ewxF
Required: 0x,**6
(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. 2z.~K&+x
(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: lUaJC'~p
(a)Inventory Turnover Rate in 20×8; o[1#)&
(b)Gross Profit Ratio in 20×8; diNAT`|?#
(c)After Tax Return on Total Assets in 20×8; and b9ud8wLE[
(d)Current Ratio as at December 31, 20×8
jXVvVv
(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+562
W
【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。 ek. @ 0c
以下是未经审计财务报表的部分信息: Q_Br{
`c
(单位:千元) 8f<y~L_(`
项目 20×8 20×7 t-5K
dLB
营业收入 64 000 48 000 ySB0"bl
营业成本 54 000 42 000 73 4t
净利润 30 -20 c5| sda{
x#5vdBf
20×8年12月31日 20×7年12月31日 *T#^|<.XG
存货 16 000 12 000 &qK:LHhj
流动资产 60 000 50 000 lu6iU
总资产 100 000 90 000 f ~*7hv\
流动负债 20 000 18 000 DSRmFxkk
总负债 30 000 25 000 pH2/."zE<
在审计过程中,约翰发现以下事项:
D)bL;h
(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: 7x=4P|(\}
借:银行存款5 820 000 \>>P%EU,
财务费用 180 000 b\KbF/T
贷:应收票据6 000 000 MD*dq
(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: ZPY&q&R
借:营业外支出 3 000 000 i6A9|G$H
贷:预计负债 3 000 000 E]8uj8K3]
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: { =\Fc`74
借:预计负债 3 000 000 Y+o\?|q-E
贷:银行存款 2 500 000
AAs&P+;
营业外收入 500 000 ,NvXpN
要求: TqL+^:cq
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 R8:5N3Fx
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: }zS5o
[OE
(a)20×8年存货周转率 j:qexhtho
(b)20×8年销售毛利率 NjT*5 .
(c)20×8年总资产净利率 3u/A
qL
(d)20×8年12月31日的流动比率 O_ZYm{T[7
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 'l`prp3
【答案】 3z, Ci$[
(1)应选择营业收入作为计算重要性水平的基础。 @D!*@M6
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =E>P,"D
Y8^WuN$
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 w[\rS`
J
销售毛利率=(64000-54000)/64000×100%=15.63% q*4U2_^.
总资产净利率=30/[(100000+90000)/2]=0.03% w~'}uh
流动比率=60000/20000=3 '.;{"G.@'
(3) dHTx^1
a.应建议做如下审计调整分录: XXhN;-p
借:应收票据 6 000 000 J^ewG
贷:短期借款 5 820 000 t$~'$kM)<
财务费用 180 000 ^[r1Dk
b.应建议做如下审计调整分录: ez ! W0
借:预计负债 3 000 000 $|@vmv0
贷:营业外支出 500 000 `'^o45
其他应付款 2 500 000 tk*-Cx?_