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)。 R.IUBw5;/
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: m}[~A
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(Expressed in RMB thousands) jne9=Als5
FINANCLAL STATEMENTS ITEMS ]H#Rm#q
20×8 ZT"|o\G^Q
20×7 <nTmZ-;
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Sales \h7J/es^p!
64000 ?lDcaI>+n
48000 '$h@
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Cost of sales ht3T{4qCS
54000 P^3m:bE]
42000 8;g.3Qv
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Net profit {L4>2rF
30 >Ug?O~-
-20 K=Z]#bm
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?e y&Un"
December 31, 20×8 s i"`
December 31, 20×7 x)VIA]
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Inventory B_"OA3d_
16000 Dg>'5`&
12000 ^UvK~5tBV
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Current assets ?FV7|)f
60000 c >
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50000 sb|3|J6=
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Total assets x1:Pj
100000 u@bOEcxK
90000 ra%R:xX
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Current liabilities
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20000 |c
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18000 oBj>9I;
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Total liabilities %kZ~xbY
30000 c[h'`KXJf-
25000 #OD@q;
zh^jWu
yxC Ml.
During the audit, John has the following findings: uZ/7t(fy
(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: ^%oG8z,L
Dr. Cash in Bank RMB 5820000 _)
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Dr. Financial Expenses RMB 180000 i_0,BVC
Cr. Notes Receivable RMB 6000000 sm2p$3v
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: UN *dU
Dr. Non-operating Expenses RMB 3000000 yL;o{
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Cr. Provisions RMB 3000000 F9k
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 S:p.W=TAB
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: r%y;8$/-
Dr. Provisions RMB 3000000 MJ>Qq[0
Cr. Cash in Bank RMB 2500000 Qh|-a@
Cr. Non-operating Income RMB 500000 %Rd~|$@>x
Required: h
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. XWUvP
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 84p[N8
(a)Inventory Turnover Rate in 20×8; Ez
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(b)Gross Profit Ratio in 20×8; GP{$v:RG
(c)After Tax Return on Total Assets in 20×8; and PTzp;.
(d)Current Ratio as at December 31, 20×8 8K@"B
(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. 6bbZ<E5At
【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。 l:zU_J6
以下是未经审计财务报表的部分信息: 1H&?UP4=(
(单位:千元) 4-]Do?
项目 20×8 20×7 vh|Tb5W<
营业收入 64 000 48 000 2fkIdy#n@
营业成本 54 000 42 000 oh7#cFZZ0
净利润 30 -20 W>`g;[ W
W(uP`M%][0
20×8年12月31日 20×7年12月31日 aCU7w5
存货 16 000 12 000 \3H<z@;
流动资产 60 000 50 000 ?418*tXd
总资产 100 000 90 000 GOYn\N;V2
流动负债 20 000 18 000 bK03S Vx
总负债 30 000 25 000 #*yM2H"7,;
在审计过程中,约翰发现以下事项: 9N~8s6Ob
(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:
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借:银行存款5 820 000 /S7+B]
财务费用 180 000 ?%\mQmjas
贷:应收票据6 000 000 OJM
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(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: |7rR99
借:营业外支出 3 000 000 p>k]C:h
贷:预计负债 3 000 000 uz*d^gr}
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: kRmj"9oA
借:预计负债 3 000 000 wn
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贷:银行存款 2 500 000
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营业外收入 500 000 x S
要求: >$2E1HW.
(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。 CdX`PQ
(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: ^F>4~68d
(a)20×8年存货周转率 pG0!ALT
(b)20×8年销售毛利率 |.1qy,|!X
(c)20×8年总资产净利率 V-[2j
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(d)20×8年12月31日的流动比率 Jz
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(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) 5B
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【答案】 4Z*|Dsw
(1)应选择营业收入作为计算重要性水平的基础。 %/P=
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 {UP'tXah
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 |kId8WtA
销售毛利率=(64000-54000)/64000×100%=15.63% 3"5.eZSOW
总资产净利率=30/[(100000+90000)/2]=0.03% FI\IY
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流动比率=60000/20000=3 fCLcU@3W?
(3) F
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a.应建议做如下审计调整分录: T'hml
借:应收票据 6 000 000 j2M4H@
贷:短期借款 5 820 000
ir]Mn.(Y
财务费用 180 000 O'fk&&l
b.应建议做如下审计调整分录: [u[ U_g*
借:预计负债 3 000 000 YZ0en1ly
贷:营业外支出 500 000 ?~!tM}X0:3
其他应付款 2 500 000 [d}qG#N