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)。 ;;BQuG
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: (1\!6
(Expressed in RMB thousands) qA:CV(Z
FINANCLAL STATEMENTS ITEMS _QCspPT' c
20×8 Q%4>okj,
20×7 *%5#\ I
Gad!}dz
Sales ?b, eZ+t
64000 R:YX{Tq
48000 _5#f9,m1
-WP_0
Cost of sales |;{^Mci%
54000 b8)>:F
42000 *{:FPmDU
p"ht|x
Net profit 1vQf=t%lw
30 pc}Q_~e
-20 $A6'YgK
g<oSTAw
`/ix[:}m^
December 31, 20×8 hX\XNiCiK8
December 31, 20×7 m *8[I
&O5%6Sv3d
Inventory LoUi Yf
16000 esmQ\QQ^1
12000 ->&AJI0
T#?KY
Current assets 4\<[y]pv
60000 tDFN
*#(
50000 :
:8UVLX
rFZB6A<(]
Total assets oH!sJ&"#_
100000 '#[U7(lIQ
90000 X<ZIeZBn
hu[=9#''$
Current liabilities "v4;m\g&:
20000 ,6PV"E)_
18000 Lhu2;F\/
vV.'&."g
Total liabilities HH+NNSRO
30000 AS`0.RC-
25000 GEfX,9LF &
.z7XYmv
T=:&W
3
During the audit, John has the following findings: x_{ua0BLDf
(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: MzYTEe&-L
Dr. Cash in Bank RMB 5820000 )zI<C=])"
Dr. Financial Expenses RMB 180000 S(mJ;
C
Cr. Notes Receivable RMB 6000000 Wcn3\v6_
(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: ?I)-ez
Dr. Non-operating Expenses RMB 3000000 HY9H?T
Cr. Provisions RMB 3000000 ov zIJbf
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 sIdo(`8$
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: C ,z7f"
Dr. Provisions RMB 3000000 f
Dp_W1yH
Cr. Cash in Bank RMB 2500000 6'395x_.\
Cr. Non-operating Income RMB 500000 -vwkvNn8
Required: g"(
vl-Uw
(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. B`<(qPD
(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: =PAvPj&}e
(a)Inventory Turnover Rate in 20×8; bmhvC
9
(b)Gross Profit Ratio in 20×8; LslQZ]3MY
(c)After Tax Return on Total Assets in 20×8; and g}|a-
(d)Current Ratio as at December 31, 20×8 %l[Cm4
(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. =1)yI>2e%}
【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。 @no]*?Gpa
以下是未经审计财务报表的部分信息: )y'`C@ijI
(单位:千元) e{U`^ao`F8
项目 20×8 20×7 m,aJ(8G
营业收入 64 000 48 000 \bqNjlu
营业成本 54 000 42 000 tc\LK_@$/F
净利润 30 -20 % ~J90a
V\
%;S
20×8年12月31日 20×7年12月31日 `da6}Vqj:
存货 16 000 12 000 inZMq(_@$
流动资产 60 000 50 000 )QaI{ z
总资产 100 000 90 000 _)p@;vGV
流动负债 20 000 18 000 3X*;.'#Z
总负债 30 000 25 000 D; H</5#Q
在审计过程中,约翰发现以下事项: [nn/a?Z4S
(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: AvRZf-Geg
借:银行存款5 820 000 &5Ea6j
财务费用 180 000 A
Ucq\Ys
贷:应收票据6 000 000 26>e0hBh&
(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: aoz+g,1
//
借:营业外支出 3 000 000 ;gy_Q f2U
贷:预计负债 3 000 000 Q{b Z D*
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: B~- VGT2o
借:预计负债 3 000 000 u9"b,].b
贷:银行存款 2 500 000 DUEA"m h
营业外收入 500 000 RPPxiYU^
要求: B@e,3:
(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。 c%>t(ce`Tl
(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: 9 }|Bs=q
(a)20×8年存货周转率 =r3Yt9
(b)20×8年销售毛利率
zN#$eyt
(c)20×8年总资产净利率 6#7f^uIK
(d)20×8年12月31日的流动比率 HGfYL')Z
(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) k^z)Vu|f.
【答案】 idvEE6I@
(1)应选择营业收入作为计算重要性水平的基础。 M3K+;-n^
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 E0\ '
ss T o?WL|
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 4o9#B:N]J
销售毛利率=(64000-54000)/64000×100%=15.63% 35) ]R`f
总资产净利率=30/[(100000+90000)/2]=0.03% i|Lir{vW
流动比率=60000/20000=3 6=Kl[U0Y
(3) iBwl(,)?m2
a.应建议做如下审计调整分录: VvSD&r^qI
借:应收票据 6 000 000 t<$9!"
贷:短期借款 5 820 000 .Di+G-#aEs
财务费用 180 000 j7<`^OG
b.应建议做如下审计调整分录: |Q`}a %
借:预计负债 3 000 000 [esjR`u
贷:营业外支出 500 000 ymY,*Rb
其他应付款 2 500 000 G'MYTq