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)。 L[!
||5y
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: q}W})
(Expressed in RMB thousands) *q+X?3
FINANCLAL STATEMENTS ITEMS c:""&>Z
20×8 BAtjYPX'w
20×7 <LN7+7}
V)P8w#,
Sales a4pe wg'
64000 1x%B`d
48000 .br6x^\<
}b/P\1#z
Cost of sales F6aC'<#/
54000 nu(7YYCM$
42000 x_r*<?OZ
#/{3qPN?@
Net profit QNH3\<IS
30 -gUp/#l1
-20 '.k'*=cq0
(>NZYPw^3
AREjS$
December 31, 20×8 6@eF|GoP
December 31, 20×7 Ej1<T,w_
m.<u!MI
Inventory \`E^>6!]q
16000 # 1dg%
12000 =[LorvX+
b'Km-'MtH
Current assets mhy='AQJ
60000 {`,)<R>}
50000 Np aS2q-d
l qKj;'
Total assets {Wu[e,p
100000 2_y]MXG+%
90000 jFUpf.v2
,Vw>3|C
Current liabilities "%p7ft
20000 i1!1'T8
18000 2;0eW&e
I2Imb9k~B
Total liabilities LD1&8kJ*l
30000 !?=U{^|7y
25000 ?)186dp
AI`k
}sA~
xiDgQTDz
During the audit, John has the following findings: gn&Zt}@[
(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: hzRKv6
Dr. Cash in Bank RMB 5820000 ^\&FowpP
Dr. Financial Expenses RMB 180000 }}i'8
Cr. Notes Receivable RMB 6000000
6su~SPh
(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: Fj]06~u
Dr. Non-operating Expenses RMB 3000000 _TGs .t
Cr. Provisions RMB 3000000 kwL|gO1L
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 |`t 6lVO,Z
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: o+7)cI
Dr. Provisions RMB 3000000 8'%m!
Cr. Cash in Bank RMB 2500000 "r*`*1
Cr. Non-operating Income RMB 500000 @XX
PJq;J
Required: 6 dV )pJd
(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. ');vc~C
(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: h<TZJCt
(a)Inventory Turnover Rate in 20×8; EK Vcz'w
(b)Gross Profit Ratio in 20×8; ;o9ixmT<-o
(c)After Tax Return on Total Assets in 20×8; and &J
catI
(d)Current Ratio as at December 31, 20×8 ;RRw-|/Wm
(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. M/dgW`c
【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。 `Z8k#z'bN
以下是未经审计财务报表的部分信息: mfN'+`r
(单位:千元) rM"27ud[`_
项目 20×8 20×7 yDwh]t
营业收入 64 000 48 000 \yC /OLXq
营业成本 54 000 42 000 ?5J#
净利润 30 -20 FK593z
^9:`D@Z+
20×8年12月31日 20×7年12月31日 [&PF ;)i
存货 16 000 12 000 6Eu(C]nC(
流动资产 60 000 50 000 7XK0vKmW3
总资产 100 000 90 000 O~6%Iz`
流动负债 20 000 18 000 }b&lHr'Uw
总负债 30 000 25 000 c|;n)as9(%
在审计过程中,约翰发现以下事项: mXOI"B9Sq
(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: d]`6N
借:银行存款5 820 000 kuD$]A
Q`&
财务费用 180 000 5dI=;L>D
贷:应收票据6 000 000 &h5Y_no GX
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ,>h"~X
借:营业外支出 3 000 000 :sJ7Wok6~
贷:预计负债 3 000 000 A*?PH`bY
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: T\uIXL?3
借:预计负债 3 000 000 6]Hwr_/tk
贷:银行存款 2 500 000 zMFTkDY
营业外收入 500 000 C2"^YRN,
要求: m^}|LB:5
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ={sjoMW
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: "!V`_ S;
(a)20×8年存货周转率 lAP k/G
(b)20×8年销售毛利率 Sb /?<$>
(c)20×8年总资产净利率
,"(G
(d)20×8年12月31日的流动比率 z R?R,k)m
(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) $jg[6`L$
【答案】 1>j,v+
(1)应选择营业收入作为计算重要性水平的基础。 W~;Jsd=f
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 QQ .?A(U7
kt2_WW[
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Sk cK>i.[
销售毛利率=(64000-54000)/64000×100%=15.63% -&>V.hi7
总资产净利率=30/[(100000+90000)/2]=0.03% gGL
}FNH
流动比率=60000/20000=3 "Zgwe,#
(3) # dUKG8-HJ
a.应建议做如下审计调整分录: BZ?3=S1*
借:应收票据 6 000 000 4 k<o
贷:短期借款 5 820 000 IDH~nMz
财务费用 180 000 :^3 )[.m
b.应建议做如下审计调整分录: kg]6q T;Y
借:预计负债 3 000 000 ly17FLJ].
贷:营业外支出 500 000 6+IhI?lI=
其他应付款 2 500 000 I.jqC2G