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)。 jhu&&==\f
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: xw
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(Expressed in RMB thousands) k.^coI5
FINANCLAL STATEMENTS ITEMS {>,V\J0p
20×8 g'=B%eO$j:
20×7 T[4<R 5}
D]W$?(=4
Sales 9^Whg~{
64000 2KN6}
48000 w@c87;c
YoLx>8
Cost of sales pT1[<X!<s
54000 XC "'Q+
42000 On@<J&%
tBT<EV{ G
Net profit \eb|eN0i
30 J.dLPKU;-
-20 B`o]*"xkB
E%v?t1>/
}kK[S|XVO
December 31, 20×8 $w0lrh[+
December 31, 20×7 }X_;X_\3;'
eK
z?"g/j
Inventory W4U@%b do
16000 0zCw>wBPW
12000 ?wF'<kEH
/K{9OT@>
Current assets Fxqp-}:
60000 D8nD/||;Z
50000 ''^Y>k
7 aYn0_NKp
Total assets a/U2xq{x
100000 ;)I'WQ]Q
90000 RQp|T5Er*
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Current liabilities )r
z+'|,
20000 -0eq_+oQ
18000 hj$e|arB
nG,U>)
Total liabilities 3
M10fI?
30000 ?@t d
25000 X3:XTuV
c8M2 ^{O,`
^o@,3__7Q
During the audit, John has the following findings: d90Z,nex
(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: fr}Eaa-{^
Dr. Cash in Bank RMB 5820000 maY4g&'f
Dr. Financial Expenses RMB 180000 \U?n+6 7g
Cr. Notes Receivable RMB 6000000 t"lyvI[
(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: +"}=d3E6
Dr. Non-operating Expenses RMB 3000000 }Jh: 8BNuP
Cr. Provisions RMB 3000000 ]cC[-F[
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 y"<))-MH
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: ~!d/8?!
Dr. Provisions RMB 3000000 Z!&Rr~i
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Cr. Cash in Bank RMB 2500000 u!U"N*Y"
Cr. Non-operating Income RMB 500000 J5[~LZKW
Required: ,prF6*g+WE
(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. ).HDru-2
(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: W85@v2b
(a)Inventory Turnover Rate in 20×8; V~yAE@9
(b)Gross Profit Ratio in 20×8; h~,JdDV8l*
(c)After Tax Return on Total Assets in 20×8; and
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(d)Current Ratio as at December 31, 20×8 1?Aga,~k:a
(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=ZwC7#
【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。 SL&hJs4c'
以下是未经审计财务报表的部分信息: n*'<uKpM
(单位:千元) lhYn5d)DV
项目 20×8 20×7 !epgTN
营业收入 64 000 48 000 \mN[gT}LHm
营业成本 54 000 42 000 LsGiu9~S
净利润 30 -20 FNQX7O52
Xvok1NM,
20×8年12月31日 20×7年12月31日 3PUAH
存货 16 000 12 000 /_-;zL
流动资产 60 000 50 000 :9Y$'+ <&H
总资产 100 000 90 000 NOK/<_/
流动负债 20 000 18 000 *Sf-;U
总负债 30 000 25 000 O0*e)i8
在审计过程中,约翰发现以下事项: B 2.q3T
(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:
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借:银行存款5 820 000 }T0K^Oe+eS
财务费用 180 000 7j i=E";.w
贷:应收票据6 000 000 q 'a
(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: -(JU
d4#
借:营业外支出 3 000 000 >7U>Yh
贷:预计负债 3 000 000 i_LF`JhEQT
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: 0i8hI6d
借:预计负债 3 000 000 6Bm9?eU0
贷:银行存款 2 500 000 Zx?b<"k
营业外收入 500 000 7C?.L70ZY
要求: l??;3kh1
(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。 kao}(?x%
(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: &Rz,
J]
(a)20×8年存货周转率 $H'X V"<o
(b)20×8年销售毛利率 ftavbNR`W
(c)20×8年总资产净利率 FkupO
[KI
(d)20×8年12月31日的流动比率 i!dv0|_
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 2vKx]w
【答案】 N 6O8Wn
(1)应选择营业收入作为计算重要性水平的基础。 F X1ZG!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 q cA`)j
9f}XRz
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 7TX,
T|>9
销售毛利率=(64000-54000)/64000×100%=15.63% #S+Z$DQD
总资产净利率=30/[(100000+90000)/2]=0.03% lZt(&^T
流动比率=60000/20000=3 I]J*BD#n.
(3) "!Rw)=7O
a.应建议做如下审计调整分录: x@cN3
O
借:应收票据 6 000 000 #G,XDW2"w
贷:短期借款 5 820 000 Hwe)Tsh e
财务费用 180 000 |AH@
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b.应建议做如下审计调整分录: {lz G*4?
借:预计负债 3 000 000 a%J6f$A#
贷:营业外支出 500 000 yNJAWM7
其他应付款 2 500 000 )3muPMaY