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)。 KSs1EmB
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: VgbNZ{qk@
(Expressed in RMB thousands) R%.`h
FINANCLAL STATEMENTS ITEMS hwGK),?"+
20×8 eKr>>4,-P
20×7 P3Ql[2
5[;[ Te9=S
Sales Zbnxs.i!
64000 Q# hRnM
48000 8;g
i8Y
~IZ-:?+S^
Cost of sales o(ow{S@=4
54000 /<-PW9X?
42000 w>2lG3H<
jzf~n~
Net profit [#GBn0BG)
30 pwN2Nzski
-20 2BC!,e$Z
30HUY?'K
`sm Cfh}j6
December 31, 20×8 b%lB&}uw}
December 31, 20×7 mW{;$@PLF"
_4>DuklH,
Inventory 8fqabR
16000 7(2}Vs!5
12000 eP2Q2C8g
,t 2CQ
Current assets q]{gAGe~
60000 o'lG9ePM|
50000 0'd@8]|H
l-w4E"n3
Total assets A'w+Lc.2
100000 %uo8z~+
90000 hp)>Nzdx
6 :4GI
Current liabilities wwl,F=| Y
20000 %ZoJu
18000 =\]gL%N-|
U)kyq
Total liabilities /6rjGc
30000 '5aA+XP|
25000 \y7?w*K
cPtDIc,
M
zg'$]N
During the audit, John has the following findings: L@\t]
~
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: q-t%spkl
Dr. Cash in Bank RMB 5820000 ai?uJ}
Dr. Financial Expenses RMB 180000 Q3>qT84
Cr. Notes Receivable RMB 6000000 k
Fl*Im
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 6Y [&1c8
Dr. Non-operating Expenses RMB 3000000 k?h{6Qd
Cr. Provisions RMB 3000000 ~"S5KroN
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 9]3l'
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ^(&2
Dr. Provisions RMB 3000000 No\#N/1@P
Cr. Cash in Bank RMB 2500000 5V<6_o
Cr. Non-operating Income RMB 500000 Y#lAG@$
Required: 2>"{El|PbN
(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. _dd_Z40R
(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: `x=kb;
(a)Inventory Turnover Rate in 20×8; Vc'p+e|(
(b)Gross Profit Ratio in 20×8; "|i1 AR:I
(c)After Tax Return on Total Assets in 20×8; and s;h`n$
(d)Current Ratio as at December 31, 20×8 d '2JMdbc
(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. (NUXK
【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。 'tTlBf7#
以下是未经审计财务报表的部分信息:
=pe O%
(单位:千元) mV]~}7*Y;
项目 20×8 20×7 Z2{$FN
营业收入 64 000 48 000 `*CoVx~fk
营业成本 54 000 42 000 ruqE]Hx9(
净利润 30 -20 F@/syX;bb5
8;=?F>]xn
20×8年12月31日 20×7年12月31日 R&s/s`pLW
存货 16 000 12 000 z*nztvY@e
流动资产 60 000 50 000 H?opG<R=ek
总资产 100 000 90 000 ,=!s;+lu{
流动负债 20 000 18 000 \yymp70w
总负债 30 000 25 000 N+SA$wG
在审计过程中,约翰发现以下事项: y%--/;
(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: Q3lVx5G>4
借:银行存款5 820 000 9^SrOW6~
财务费用 180 000 Ypm*or
贷:应收票据6 000 000 LzXIqj'H7T
(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: .WOF:Nu4
借:营业外支出 3 000 000 3sBWtz
贷:预计负债 3 000 000 p"\-iY]
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: RW>F %P
借:预计负债 3 000 000 ~l+~MB
贷:银行存款 2 500 000 a[^dK-
营业外收入 500 000 ^R\5'9K!
要求: \mN?5QCcE
(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。 R U[
(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: tSDp>0yZ3
(a)20×8年存货周转率 oi3Ix7
(b)20×8年销售毛利率 hQSJt[8My
(c)20×8年总资产净利率 'H1"z!]
(d)20×8年12月31日的流动比率 yyR@kOGga
(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) :\#]uDT2=
【答案】 UIQ=b;J9
(1)应选择营业收入作为计算重要性水平的基础。 !oV'
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 bVRxGn @l
t[%=[pJHW
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 f2|On6/
销售毛利率=(64000-54000)/64000×100%=15.63% # 9f
4{=\
总资产净利率=30/[(100000+90000)/2]=0.03% $AFiPH9
流动比率=60000/20000=3 9DX
u*}
(3) '.&,.E&{$
a.应建议做如下审计调整分录: {iq{<;)U?U
借:应收票据 6 000 000 gvZLW!={
贷:短期借款 5 820 000 D/{ Spw@
财务费用 180 000 Jf2:[Mq
b.应建议做如下审计调整分录: (aCl*vV1
借:预计负债 3 000 000 ;+qPV7Z
贷:营业外支出 500 000 C vTgtZ
'
其他应付款 2 500 000 6a`_i