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)。 kC|tv{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: iA^w2K
(Expressed in RMB thousands) x18ei@c
FINANCLAL STATEMENTS ITEMS T]Tz<w W(
20×8 ?aSL'GI
20×7 4I:Jb;k>
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Sales cB.v&BSW
64000 "kP.Kx!
48000 }y=7r!{@
v
bb mmv
Cost of sales 1(q!.l
Pc
54000 Ug_zyfr
42000 RF6(n8["MW
vm8QKPy
Net profit !G\1$"T$
30 )/
s9ty
-20 WgE~H)_%
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qf)]!wU9
December 31, 20×8 eDaVoc3
December 31, 20×7 gl]{mUZz}
iY;)R|6
Inventory @|-ydm0
16000 U?#6I-
12000 3XL0Pm
D3XQ>T [*q
Current assets YXV![gw0
60000 pNQd\nY|0
50000 .WyI.Y1
H[-zQ#I9
Total assets ^4s#nf:}
100000 ?)]sfJG
90000 ,0-
O "{o
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Current liabilities ).v;~yE
20000 = @3Qsd
18000 %}j/G l5
4+v~{
Total liabilities v`wP
db
30000 '7Te{^<FQ$
25000 dR$P-V\y`%
N66jFRA;x
:dLS+cTC
During the audit, John has the following findings: :FxZdE
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: .Z/"L@
Dr. Cash in Bank RMB 5820000 z2"2Xqy<U
Dr. Financial Expenses RMB 180000 l l&iMj]
Cr. Notes Receivable RMB 6000000 F+hsIsQ
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 6 _73
Dr. Non-operating Expenses RMB 3000000 i&
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Cr. Provisions RMB 3000000 "}PmAr
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 NiWooFPKJ
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: zlSwKd(
Dr. Provisions RMB 3000000 #lJF$
Cr. Cash in Bank RMB 2500000 4=q\CK2 ^A
Cr. Non-operating Income RMB 500000 !_x-aro3<
Required: 7Kh+m@q.
(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. Qz<v. _
(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: 4<lZ; M"
(a)Inventory Turnover Rate in 20×8; N18Zsdrp
(b)Gross Profit Ratio in 20×8; C}+(L3Z
(c)After Tax Return on Total Assets in 20×8; and zEks4yd
(d)Current Ratio as at December 31, 20×8 ={z YcVI
(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. *Ru
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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。 F}sfk}rp
以下是未经审计财务报表的部分信息: ?+5K2Zk
(单位:千元) /]+t$K\cBq
项目 20×8 20×7 hP9+|am%
营业收入 64 000 48 000 [=LQ,e$r7
营业成本 54 000 42 000 !sR`]0
净利润 30 -20 @x{;a 9y
NEJ
Nu_Z
20×8年12月31日 20×7年12月31日 O"Xjv`j:
存货 16 000 12 000 B&.XGo)
流动资产 60 000 50 000 8.9S91]=
总资产 100 000 90 000 #>>-:?X
流动负债 20 000 18 000 V$:v~*Y9
总负债 30 000 25 000 Qz/=+A/4
在审计过程中,约翰发现以下事项: CZbp}:|
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: N2~DxVJ5cT
借:银行存款5 820 000 x>Q#Bvy
财务费用 180 000 ~G"6^C:x
贷:应收票据6 000 000 U)c,ZxE
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: /u#uC(Uwl
借:营业外支出 3 000 000 ?[VS0IBS
贷:预计负债 3 000 000 ?rr%uXQjH
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: :r#FI".qx
借:预计负债 3 000 000 5?2PUE,a
贷:银行存款 2 500 000 %X#Wc:b
营业外收入 500 000 e#16,a-}o
要求: 1[B?nk
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 nk6xavQji
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: [qid4S~r,&
(a)20×8年存货周转率 A\z[/3& RK
(b)20×8年销售毛利率 uW
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(c)20×8年总资产净利率 >gVR5
o
(d)20×8年12月31日的流动比率 \mv7"TM
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) >B~p[wh0
【答案】 *=r,V
(1)应选择营业收入作为计算重要性水平的基础。 xT=|Uc0
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .!=g
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 bh_i*DJ]
销售毛利率=(64000-54000)/64000×100%=15.63% lm@<i4%$F
总资产净利率=30/[(100000+90000)/2]=0.03% nDaQ1
流动比率=60000/20000=3 T_I"Tsv
(3) 9~u1fk{
a.应建议做如下审计调整分录: x
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借:应收票据 6 000 000 {mueP6Gz@J
贷:短期借款 5 820 000 t;E-9`N
财务费用 180 000 (5'qEi
ea
b.应建议做如下审计调整分录: LI(Wu6*Y
借:预计负债 3 000 000 .eJ4F
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贷:营业外支出 500 000 >F
@7}Y(
其他应付款 2 500 000 zf2]|]*xz