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)。 -jOCzp
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: 7Yrp#u1!
(Expressed in RMB thousands) 6Jf\}^4@k
FINANCLAL STATEMENTS ITEMS X6lR?6u%|
20×8 _N&]w*ce
20×7 ,
,=7deR
}v?_.MtS
Sales $VLCD
64000 WSPlM"h
48000 4,pS C
muqIh!nn
Cost of sales +8etCx
54000 56R)631]p
42000 qf2;yRc&
Q #%C)7)
Net profit p|b&hgA
30 |p7k2wzN
-20 b#<@&0KE
BXf.^s{H
>9v?p=
December 31, 20×8 Ni4*V3VB
December 31, 20×7 `]xot8
L?c7M}vV
Inventory fm%1vM$[J
16000 yIdM2#`u
12000 rZBOWT
z
a^s%^:yK
Current assets :U7m@3czU
60000 j4B|ktf
50000 )~X*&(7RR}
? <.U,
Total assets v9[[T6t/'
100000 68^5X"OGF
90000 >{dj6Wo
JyBsOC3
Current liabilities mf>cv2+
20000 A%G
\
AT
18000 /}Z0\,
}m~2[5q%/
Total liabilities DNy1} 3wg
30000 ?*~Pgh >uL
25000 |$vhu`]Z@^
G1d!a6>
E
Fx@O
During the audit, John has the following findings: &x(^=sTHI
(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: _/)?GXwLn
Dr. Cash in Bank RMB 5820000 i*JbFukG
Dr. Financial Expenses RMB 180000 +r+H`cT@
Cr. Notes Receivable RMB 6000000 $^2 j#]uX
(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: :W/,V^x}
Dr. Non-operating Expenses RMB 3000000 (]yOd/ru/C
Cr. Provisions RMB 3000000 3??*G8Yp
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 VS#i>nlT
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: hupYiI~
Dr. Provisions RMB 3000000 q?=eD^]
Cr. Cash in Bank RMB 2500000 Qhd~4
Cr. Non-operating Income RMB 500000 Bpjwc<U
Required: 9xvE?8;M#
(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. ^%v<I"<Uq5
(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: 7b_Ihv
(a)Inventory Turnover Rate in 20×8; bm{L6D E
(b)Gross Profit Ratio in 20×8; nx(O]R,Sw
(c)After Tax Return on Total Assets in 20×8; and "Iy @PR?>
(d)Current Ratio as at December 31, 20×8 nJTV@mXVq
(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. Q-[^!RAK?
【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。 a/.O,&3
以下是未经审计财务报表的部分信息: L7jMpz&
(单位:千元) ] Qp0|45=
项目 20×8 20×7 2
AZ[gr@c
营业收入 64 000 48 000
`nO!_3
营业成本 54 000 42 000 (YjY=F
净利润 30 -20 {.We%{4V
")U`W gx
20×8年12月31日 20×7年12月31日 `j59MSuK
存货 16 000 12 000 `'u|4pRFs
流动资产 60 000 50 000 K/ q:aMq
总资产 100 000 90 000 ]FLuiC
流动负债 20 000 18 000 Fc;)p88[
总负债 30 000 25 000 W39R)sra
在审计过程中,约翰发现以下事项: Cm;WQuv@
(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: ,/\%-u?
1x
借:银行存款5 820 000 /tno`su;
财务费用 180 000 <R:KR(bT
贷:应收票据6 000 000 /
Xi:k
(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: A$RN7#
借:营业外支出 3 000 000 Q:]F* p2
贷:预计负债 3 000 000 ybtje=3E
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: bID 'r}55
借:预计负债 3 000 000
a$I;
L
贷:银行存款 2 500 000 _Y*:
l7
营业外收入 500 000 G }<q
要求: x3L3K/qMg
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 31
|Vb
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: ?-O(EY1E
(a)20×8年存货周转率 EIl _QV6
(b)20×8年销售毛利率 %@U<|9 %ua
(c)20×8年总资产净利率 voaRh@DZ%/
(d)20×8年12月31日的流动比率 EX8:B.z`57
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 6^zuRY;
【答案】 8zz-jkR
(1)应选择营业收入作为计算重要性水平的基础。 kTG}>I
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ]?U:8%
0[0</"K%1m
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 o([+Pp
销售毛利率=(64000-54000)/64000×100%=15.63% kX{c+qHM
总资产净利率=30/[(100000+90000)/2]=0.03% 7/(C1II.Q
流动比率=60000/20000=3 Zx<s-J4o=w
(3) Y3[<
a.应建议做如下审计调整分录: (@`+
Le
借:应收票据 6 000 000 Hux#v>e
贷:短期借款 5 820 000 bt#=p7W
财务费用 180 000 ltHC+8aZ
b.应建议做如下审计调整分录: P/t$xqAL
借:预计负债 3 000 000 c*!bT$]~\
贷:营业外支出 500 000 Yc#o GCt
其他应付款 2 500 000 FFtj5e