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)。 ~G`J
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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: [6RfS
(Expressed in RMB thousands) ~lw<799F6
FINANCLAL STATEMENTS ITEMS uvB1VV4
20×8 254~:eB0
20×7 / Z!i;@Wf
@!\K>G >9[
Sales z+3
9ee
64000 >}SRSqJu
48000 l h/&__
gj+3y9
Cost of sales U)[ty@zyF
54000
Oh`2t
c-
42000 sX:lE^)-z
yVS\Q,:J9
Net profit Y8ehmz|g]J
30 n+oD
C65[
-20 3ATjsOL
m;/i<:`
l2&hBacT
December 31, 20×8 )i!^]| $
December 31, 20×7 Q6^x8
inF6M8
A1
Inventory 9;KJr[FQV
16000 daX*}Ix
12000 Coa -8j*R7
@2e2^8X7f
Current assets $(q8y/,R*-
60000 5I,$EGG
50000 Fu)Th|5GZ
($WE=biZ&
Total assets d^84jf.U
100000 o4)hxs
90000 7GZq|M_:y
uD)-V;}P@;
Current liabilities L2|aHI1'l
20000 !T'X
'Q
18000 509Q0 [k
FA$zZs10\
Total liabilities '6zd;l9Z
30000 r4
eUZ .8R
25000 V(
mnyI
`6Hf&u<
o&-L0]i|
During the audit, John has the following findings: gyus8#s 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: c8DZJSO
Dr. Cash in Bank RMB 5820000 L11L23:
Dr. Financial Expenses RMB 180000 h&'=F)5
Cr. Notes Receivable RMB 6000000 vJCf~'
(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: LprM ;Q_
Dr. Non-operating Expenses RMB 3000000 D1X{:#|
Cr. Provisions RMB 3000000 kRot7-7I|
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Y}.Ystem
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: QN
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Dr. Provisions RMB 3000000 p4mY0Y]mP
Cr. Cash in Bank RMB 2500000 >XE`h9
Cr. Non-operating Income RMB 500000 . U/k<v<)6
Required: =A n`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. Tbh '_F6
(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: r!K|E95oj9
(a)Inventory Turnover Rate in 20×8; ULl_\5s2
(b)Gross Profit Ratio in 20×8; |.w;r
(c)After Tax Return on Total Assets in 20×8; and V}9;eJRvw
(d)Current Ratio as at December 31, 20×8 5(J^N
(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. yQ[u3tI
【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。 l3J$md|f
以下是未经审计财务报表的部分信息: uec|S\~M
(单位:千元) !N~*EI$
项目 20×8 20×7 E`xU m9F
营业收入 64 000 48 000 dlD}Ub
营业成本 54 000 42 000 -g~~] K%
净利润 30 -20 xo~g78jm7,
)Au&kd-W@(
20×8年12月31日 20×7年12月31日 >saI+u'o
存货 16 000 12 000 3j*'HST
流动资产 60 000 50 000 1xTTJyoq
总资产 100 000 90 000 fIyPFqf7w)
流动负债 20 000 18 000 |Fv?6qw+
总负债 30 000 25 000 .#!
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在审计过程中,约翰发现以下事项: =kFuJ
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(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: V/bH^@,sA
借:银行存款5 820 000 4v qNule
财务费用 180 000 {L9yhYw
贷:应收票据6 000 000 &O tAAE
(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: ( u f5\}x
借:营业外支出 3 000 000 =Ahw%`/&}]
贷:预计负债 3 000 000 D# v?gPo4
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: V^En8
借:预计负债 3 000 000 "{(
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贷:银行存款 2 500 000 Gah lS*W
营业外收入 500 000 o}~3JBnT
要求: \_ -DyD#3
(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。 2Xgx*'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: x/ I;nMY
(a)20×8年存货周转率 ;0j*>fb\q7
(b)20×8年销售毛利率 @HEPc95
(c)20×8年总资产净利率 xIgql}.
(d)20×8年12月31日的流动比率 8^X]z|[d2
(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) dS$ji#+d$
【答案】 ,qy&|4Jz
(1)应选择营业收入作为计算重要性水平的基础。 uaxB -PZ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Wc;+2Hl[@
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 3!Bj{;A
销售毛利率=(64000-54000)/64000×100%=15.63% AgsR-"uh
总资产净利率=30/[(100000+90000)/2]=0.03% XGIpUz
流动比率=60000/20000=3 !K\itOEP-
(3) e?<D F.Md+
a.应建议做如下审计调整分录: MPvWCPB
借:应收票据 6 000 000 b-nY xd
贷:短期借款 5 820 000 b *9-}g:
财务费用 180 000 ifrq
b.应建议做如下审计调整分录: Jvj=I82
借:预计负债 3 000 000 C1 {ZW~"YI
贷:营业外支出 500 000 ^zeL+(@ r/
其他应付款 2 500 000 S'@=3)