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)。 vJQ_mz
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: TUQe.oAi
(Expressed in RMB thousands) ph3dm\U.
FINANCLAL STATEMENTS ITEMS n ,@ge
20×8 JK'tdvs~
20×7 FX
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n
Sales /f>I;z1
64000 .]; `
48000 kvt^s0T8Q
T1RICIf1F
Cost of sales j^L
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54000 %'9&Js
O
42000 !6J+#
jVSU]LU E
Net profit |W SvAM3
30 KPa@~rU
-20 0}\8,U
` yM9XjEl>
X-SR0x
December 31, 20×8 n%{oFTLCo
December 31, 20×7 tSiQrI
G+NTn\
Inventory a*o k*r
16000 M:%Ll3
12000 "I3&a1*
/$UWTq/C7
Current assets (=tu~ ^
60000 f
'u[G?C
50000 ^;cJjl'=
U> {CG+X
Total assets !6*4^$i#o
100000 7zu3o
90000 ?M04 cvm
s1zkkLw`*
Current liabilities L$; gf_L
20000 R)9FXz$).
18000 9~}8?kPNw=
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Total liabilities PjU.4aZ
30000 `Ro>?H
25000 $)7Af6xD
&fifOF#[e
p;{w0uld"
During the audit, John has the following findings: #EO],!JM
(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: Bzr}+J
Dr. Cash in Bank RMB 5820000 OC2%9Igx0
Dr. Financial Expenses RMB 180000 7x`4P|Uu
Cr. Notes Receivable RMB 6000000 9S)A6]
(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: "z|%V/2b3
Dr. Non-operating Expenses RMB 3000000 Td
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Cr. Provisions RMB 3000000 z';h5GNd>z
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 b]\V~ZaXG
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]_fe4Y0
Dr. Provisions RMB 3000000 8j!(*'J.
Cr. Cash in Bank RMB 2500000 L&~>(/*7U
Cr. Non-operating Income RMB 500000 "RsH'`
Required: JT 5+d ,
(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. ZQrgYeQl"
(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: 4(\7Or(''
(a)Inventory Turnover Rate in 20×8; *wJ'Z4_5F
(b)Gross Profit Ratio in 20×8; wGA%h.[M|
(c)After Tax Return on Total Assets in 20×8; and P+;@?ofB
(d)Current Ratio as at December 31, 20×8 ~7&O[
(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. 8__C T
【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。 $6\W8v
以下是未经审计财务报表的部分信息: BGVy
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(单位:千元) QjwCY=PK!
项目 20×8 20×7 Dv+:d 4|"
营业收入 64 000 48 000 .Dg'MMBM
营业成本 54 000 42 000 9:6
d,^X
净利润 30 -20 @5(HRd
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20×8年12月31日 20×7年12月31日 vW4N[ .+
存货 16 000 12 000 )ur&Mnmm
流动资产 60 000 50 000 "Q<*
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总资产 100 000 90 000 &g-uQBQI#
流动负债 20 000 18 000 )Z2t=&Nw
总负债 30 000 25 000 _a=
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在审计过程中,约翰发现以下事项: %epK-q9[
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: @Ao E>
借:银行存款5 820 000 |qsY0zx
财务费用 180 000 b`sph%&
贷:应收票据6 000 000 |1(9_=i'
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Yhd|1,m9f
借:营业外支出 3 000 000 & A<Pf.Us
贷:预计负债 3 000 000 >qI|g={M
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: OT5'c l
借:预计负债 3 000 000 /1q] D8
贷:银行存款 2 500 000 <
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营业外收入 500 000 \i#0:3s.
要求: VCvqiHn
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 W=~H_L?/
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: lC i_G3C
(a)20×8年存货周转率 ?RD)a`y51
(b)20×8年销售毛利率 D0&{iZ(
(c)20×8年总资产净利率 N]sX
r
(d)20×8年12月31日的流动比率 v+*l|!v
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) [Pt5c6 L:
【答案】 lFY;O !Y5\
(1)应选择营业收入作为计算重要性水平的基础。 []M+(8Z_P
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 f(E 'i>
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86
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销售毛利率=(64000-54000)/64000×100%=15.63% :q4Mn
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总资产净利率=30/[(100000+90000)/2]=0.03% (Rk g
流动比率=60000/20000=3 m H'jr$ ?
(3) !2N#H~{
a.应建议做如下审计调整分录: .j4IW3)
借:应收票据 6 000 000 O ,[aL;v
贷:短期借款 5 820 000 |C S[>0mV!
财务费用 180 000 g5to0
b.应建议做如下审计调整分录:
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借:预计负债 3 000 000 %;PPu$8K9
贷:营业外支出 500 000 s^9N7'
其他应付款 2 500 000 }h>e=<