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)。 o1k
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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: V1]QuQ{&s
(Expressed in RMB thousands) 4S7#B
FINANCLAL STATEMENTS ITEMS FdcmA22k*
20×8 nmN3Z_
20×7 cxig <W
Tu[I84
Sales wRj||yay#-
64000 k
x?m "a%
48000 r`OC5IoQ
W{l{O1,
Cost of sales r:~q{
54000 j7>a^W
42000 YLU.]UC
;x|LB>.
Net profit +YFA Zv7`
30 E=&":I6O
-20 `=.A])>
zu!#
\;FE@
December 31, 20×8 5\jzIB_?
December 31, 20×7 `D,mZj/b
$ vt6~nfI
Inventory C9VtRq
16000 G5T(
12000 a)qlrtCl
'u84d=*l
Current assets WMXxP gik
60000 E
5N9.th
50000 zEMZz$Y
%s),4
Total assets
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100000 yLY$1#Sa
90000 OBEHUJ5
Bgf'Hm%r
Current liabilities g}gOAN3.
20000 sD{d8s[(
18000 u$Ty|NBjn
hx$bY
Total liabilities (p!w`MSv
30000 q
o!6
)Z
25000 XbYST%|.
D6vhW:t8?
ZQI;b0C
During the audit, John has the following findings: 3'xmq
(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: GWCU9n
Dr. Cash in Bank RMB 5820000 /1z3Q_M
Dr. Financial Expenses RMB 180000 T%TfkQ__d
Cr. Notes Receivable RMB 6000000 557%^)v
(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: Zk<Y+!
Dr. Non-operating Expenses RMB 3000000 d]I3zSIC
Cr. Provisions RMB 3000000 hEk
0MY
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Qk?J4 B
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: K
]H [A,
Dr. Provisions RMB 3000000 (4Ha'uqz
Cr. Cash in Bank RMB 2500000 l",X
Cr. Non-operating Income RMB 500000 ?atHZLF
Required: Z1N=tL
(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. yP*oRV%uX
(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: u_'XUJ32!
(a)Inventory Turnover Rate in 20×8; V: P
(b)Gross Profit Ratio in 20×8; tBtmqxx
(c)After Tax Return on Total Assets in 20×8; and mBON>Z[4.
(d)Current Ratio as at December 31, 20×8 V:h3F7
(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^2'O:Vs
【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。 #'fQx`LV
以下是未经审计财务报表的部分信息: Tr$37suF
(单位:千元) y*vg9`$k
项目 20×8 20×7 0kxe5*-|
营业收入 64 000 48 000 \o<&s{6L
营业成本 54 000 42 000 |gwGCa+
净利润 30 -20 * amZ
;9)A+bD]
20×8年12月31日 20×7年12月31日 !D~\uW1b
存货 16 000 12 000 5
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流动资产 60 000 50 000 ['DYP-1J
总资产 100 000 90 000 <uXQT$@?
流动负债 20 000 18 000 Z,:}H6Mj9
总负债 30 000 25 000 vhz Q.>
在审计过程中,约翰发现以下事项: }@<Ru
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: m*rw?nLZ
借:银行存款5 820 000 39oI
&D>8
财务费用 180 000 ~zcB@; :
贷:应收票据6 000 000 Ur,{ZGm
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: fK;I0J
借:营业外支出 3 000 000 ~ea&1+Z[3
贷:预计负债 3 000 000 (5efNugc
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: -}KW"#9c
借:预计负债 3 000 000 :IRQouTf:,
贷:银行存款 2 500 000 dhmrh5Uf
营业外收入 500 000 LR%
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要求: U!i @XA%P
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 sHm:G_
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: T&u25"QOf
(a)20×8年存货周转率 6T-iBJT
(b)20×8年销售毛利率 H5/w!y@
(c)20×8年总资产净利率 %Zi}sm1t
(d)20×8年12月31日的流动比率 2|D<0d#W
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ?a{>QyL
【答案】 6bd{3@
(1)应选择营业收入作为计算重要性水平的基础。 I!Uj~jV
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 P.'$L\
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 F0tx.]uS
销售毛利率=(64000-54000)/64000×100%=15.63% Q'c[yu
总资产净利率=30/[(100000+90000)/2]=0.03% I
IUTo
流动比率=60000/20000=3 |6T"T P
(3) tW=oAy
a.应建议做如下审计调整分录: =aCd,4B}
借:应收票据 6 000 000 R~N'5#.*M
贷:短期借款 5 820 000 R:Tv'I1-L
财务费用 180 000 Oz4yUR
b.应建议做如下审计调整分录: 17S<6j#H5
借:预计负债 3 000 000 Pw/$
}Q9X
贷:营业外支出 500 000 mL3 Q
其他应付款 2 500 000 4{#0ci{