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)。 0k.v0a7%
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: \L
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(Expressed in RMB thousands) Z{#"-UG
FINANCLAL STATEMENTS ITEMS 6ZTaQPtm
20×8 _2; ^v`[
20×7 'oCm.~;_
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Sales 9[,s4sxH
64000 9IOGc}
48000 qTS
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O*ImLR)i+s
Cost of sales fK);!Hh
54000 C;%Y\S
42000 gs-@hR.,s0
hLSTSD}
Net profit ennR@pg
30 TIETj~+
-20 Y}K!`~n1S
E0T&GR@.
$(XgKq&xWZ
December 31, 20×8 H)`@2~Y
December 31, 20×7 "'~|}x1Uv
S$\.4*_H\
Inventory *3P3M}3~\
16000
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12000 k*OvcYL1A
AzxL%,_
Current assets fqN75['n
60000 KS?mw`Nr
50000 xl3zy~;
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Total assets NWb}
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100000 8,_ -0_^$
90000 .<HC[ls
|G)Y8 #D
Current liabilities 5cgo)/3M@}
20000 +8^5C,V
18000 z'_&|-m
rAM*\=
Total liabilities ,TEuM|
30000
C`3V=BB
25000 luibB&p1
xv^Sh}\}
WN$R[N
During the audit, John has the following findings: 6zv;lx0<D&
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 6$;L]<$W>
Dr. Cash in Bank RMB 5820000 :fRmUAK%
Dr. Financial Expenses RMB 180000 qw5&Y$((
Cr. Notes Receivable RMB 6000000 ]GQv4-y
(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: D DQs42[
Dr. Non-operating Expenses RMB 3000000 AfUZO^<
Cr. Provisions RMB 3000000 DCt\E/
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 UlnyTz~
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: 75kKDR}6
Dr. Provisions RMB 3000000 ';&0~ [R[
Cr. Cash in Bank RMB 2500000 r|*:9|y{"/
Cr. Non-operating Income RMB 500000 kJI3`gS+
Required: #FEa 5
(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. *wViH
(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: ,.[.SU#V
(a)Inventory Turnover Rate in 20×8; 0{-`Th+h
(b)Gross Profit Ratio in 20×8; L'13BRu`
(c)After Tax Return on Total Assets in 20×8; and m dC`W&r
(d)Current Ratio as at December 31, 20×8 sS-W~u|C
(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. D!X>O}
【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。 :G^"e
以下是未经审计财务报表的部分信息: o>0O@NE
(单位:千元) "!xvpsy
项目 20×8 20×7 L^3~gM"!
营业收入 64 000 48 000 aF,jJ}On
营业成本 54 000 42 000 2dXU0095
净利润 30 -20 a_Z.J3
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20×8年12月31日 20×7年12月31日 Yr5iZ~V$
存货 16 000 12 000 'CS^2Z
流动资产 60 000 50 000 giaD9$C
总资产 100 000 90 000 5woIGO3X
流动负债 20 000 18 000 -Uzc"Lx B
总负债 30 000 25 000 ^uC"dfH
在审计过程中,约翰发现以下事项: 7X(rLd
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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: mgo'M
W\
借:银行存款5 820 000 |~
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财务费用 180 000 '&N: S-
贷:应收票据6 000 000
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(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: Y=5!
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借:营业外支出 3 000 000 >BJ2v=RA
贷:预计负债 3 000 000 {`+bW"9
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: =>HIF#jU
借:预计负债 3 000 000 J'|=*#
贷:银行存款 2 500 000 _2]e1_=
营业外收入 500 000 BXT80a\
要求: Y*`:M(
(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。 /uC+.B9k
(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: iSOD&J_
(a)20×8年存货周转率 :[A?A4l
(b)20×8年销售毛利率 Lv
(c)20×8年总资产净利率 *d^9,GGn-
(d)20×8年12月31日的流动比率 Coga-: 2vu
(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) 2.^7?ok
【答案】 "CIpo/ebL
(1)应选择营业收入作为计算重要性水平的基础。 g@$0FY{Q
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 hCU)W1q#
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 :X3rd|;kc
销售毛利率=(64000-54000)/64000×100%=15.63% Z|]l"W*w
总资产净利率=30/[(100000+90000)/2]=0.03% F;cI0kP=>
流动比率=60000/20000=3 (nkUeQQ
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(3) +i: E
a.应建议做如下审计调整分录: xnl<<}4pJ
借:应收票据 6 000 000 F?}m8ZRv
贷:短期借款 5 820 000 ~z\pI|DQ
财务费用 180 000 zb@L)%
b.应建议做如下审计调整分录: p5lR-G
借:预计负债 3 000 000 #B}BI8o (
贷:营业外支出 500 000
1gF*Mf_7
其他应付款 2 500 000 y&n1 Nj]^