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)。
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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: VpWax]'
(Expressed in RMB thousands) l#~Sh3@L(
FINANCLAL STATEMENTS ITEMS ;g^QHr
20×8 r7C
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20×7 $*xnq%A
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Sales ok-sm~ bp
64000 {h&*H[Z z
48000 Q'*-gg&)
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Cost of sales 3yr{B Xn
54000 ^^jF*)DT@
42000 ^-~.L: }q
7T_g?!sdMh
Net profit .#5<ZAh/?
30 ?lR)Hi
-20 viD+~j18
5}*aP
}UXj|SY
December 31, 20×8 _UjAct]6
December 31, 20×7 H#m)`=nZSZ
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Inventory mrqCW]#u
16000 /B|#GJ\\3
12000 9w11kut-!
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Current assets a}M7"v9
60000 (66X
50000
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g}ciG!0
Total assets u\^<V)
100000 >|6[uKrO
90000 C(?>l.QGw
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Current liabilities E2X
K hW
20000 7R7g
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18000 C0i: *1
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Total liabilities x:xKlPGd
30000 6\4oHRJC
25000 wE%v[q[*X
jtQ2vJ-
Eqp?cKrji
During the audit, John has the following findings: :Q+rEjw+
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: r5lp<md
Dr. Cash in Bank RMB 5820000 mC>7l7%
Dr. Financial Expenses RMB 180000 w,eYrxR|N
Cr. Notes Receivable RMB 6000000 ~K:#a$!%,
(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: C([;JO
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Dr. Non-operating Expenses RMB 3000000 JP!$uK{u
Cr. Provisions RMB 3000000 >bz}IcZP
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 k L*Q})
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: S.t+HwVodO
Dr. Provisions RMB 3000000 4{CVBowi
Cr. Cash in Bank RMB 2500000 MyCX6+Ci)
Cr. Non-operating Income RMB 500000 fhMtnh:
Required: TQE 3/I L
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. s,K @t_J
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: */nb%QV
(a)Inventory Turnover Rate in 20×8; q$:T<mFK$
(b)Gross Profit Ratio in 20×8; /
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(c)After Tax Return on Total Assets in 20×8; and J:#B,2F+^
(d)Current Ratio as at December 31, 20×8 e`k
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(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. n$5
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 3t68cdFlz
以下是未经审计财务报表的部分信息: K`(STvtM
(单位:千元) H&mw!=FV0
项目 20×8 20×7 P~ffgzP
营业收入 64 000 48 000 pL-p
营业成本 54 000 42 000 E^A9u
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净利润 30 -20 }k \a~<'X
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20×8年12月31日 20×7年12月31日
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存货 16 000 12 000 "* %=k%'
流动资产 60 000 50 000 -$dnUXFsj[
总资产 100 000 90 000 9g^@dfBV
流动负债 20 000 18 000 #`y7L4V*o
总负债 30 000 25 000 Q&`$:h.~
在审计过程中,约翰发现以下事项: yZmQBh$
(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: OR1XQij
借:银行存款5 820 000 UbY-)9==
财务费用 180 000 _)2NFq
贷:应收票据6 000 000 RUX!(Xw
(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: c{|soc[#
借:营业外支出 3 000 000 N+HN~'8r
贷:预计负债 3 000 000 2NIK0%6
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:
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借:预计负债 3 000 000 VIAj]Ul
贷:银行存款 2 500 000 cg1 <
营业外收入 500 000 g 4Vt"2
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要求: jY87NHg
(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。 WQiEQ>6(t(
(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: A ;Z%-x
(a)20×8年存货周转率 5T8X2fS:
(b)20×8年销售毛利率 Mgcq'{[~Y=
(c)20×8年总资产净利率 lG fO
(d)20×8年12月31日的流动比率 UupQ*,dJ
(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) u"X8(\pOn
【答案】 L
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(1)应选择营业收入作为计算重要性水平的基础。 jpm}EOq<%
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 sl |S9Ix
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Tk.MtIs)V}
销售毛利率=(64000-54000)/64000×100%=15.63% [#3:CDT
总资产净利率=30/[(100000+90000)/2]=0.03% F
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流动比率=60000/20000=3 dL6sb;7R
(3) cl:*Q{(Cjk
a.应建议做如下审计调整分录: uW Q`
借:应收票据 6 000 000 F ypqf
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贷:短期借款 5 820 000 () b0Sh=
财务费用 180 000 ^row=5]E
b.应建议做如下审计调整分录: s![=F}ck
借:预计负债 3 000 000 [OH>NpL
贷:营业外支出 500 000 \
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其他应付款 2 500 000 a^4(7