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)。 45+kwo0
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: #;2kN
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(Expressed in RMB thousands) r*7J#M /
FINANCLAL STATEMENTS ITEMS 8v)Z/R-
20×8 2V @ pt
20×7 CS^|="Zs
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Sales y_IF{%i
64000 UuJ gB)
48000 ZB}zT9JaE
B)DtJf
Cost of sales [c>YKN2qa
54000 Kt#X'!9/<
42000 ]{-ib:f~
T.!.3B$@]
Net profit 6.v)q,JL
30 $a')i<m^g
-20 f+Bv8 g
r^d:Po
m]++
!
December 31, 20×8 3k+46Wp
December 31, 20×7 R*"zLJP
Jl)Q#
Inventory A*{V%7hs&
16000 (Sj?BZjC
12000 ;;17 #T2
r-}C !aF]
Current assets .|6Wmn-uS
60000 v~O2y>8Z
50000 [MM`#!K%
$8_b[~%2
Total assets jivGkIj!8
100000 Daf;;
w
90000 &ZPyZj
o
3 G*
Current liabilities @}e5T/{X}T
20000 !uHVg(}
18000 ue6&)7:~
M[dJQ(
Total liabilities Gy[m4n~Z5
30000 w#$Q?u ,G
25000 vB/G#\Zqz
_%aJ/Y0Cy
{Ve_u
During the audit, John has the following findings: 4q^'MZm1
(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: lGN{1djT
Dr. Cash in Bank RMB 5820000 y}lqF8s
Dr. Financial Expenses RMB 180000 &FzZpH
Cr. Notes Receivable RMB 6000000 NHzhGg]
(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: [RUYH5>Ik
Dr. Non-operating Expenses RMB 3000000 r7:4|6E
Cr. Provisions RMB 3000000 [lAZ)6E~=
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 &Sp2['a!
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:
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Dr. Provisions RMB 3000000 $~.'Tnk)
Cr. Cash in Bank RMB 2500000 sZP
A(N?
Cr. Non-operating Income RMB 500000 ^{fA:N=
Required: |lf,3/*jDB
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ~@Eu4ip)F
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ^b`aO$
(a)Inventory Turnover Rate in 20×8; 5@@ilvwzz
(b)Gross Profit Ratio in 20×8; Xkb\fR6<K
(c)After Tax Return on Total Assets in 20×8; and ??`zW
(d)Current Ratio as at December 31, 20×8 ]EPFyVt~3
(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. 0=KyupwXC
【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。 kC-OZ VoO
以下是未经审计财务报表的部分信息: v|u[BmA)*k
(单位:千元) Wi{ jC?2Q
项目 20×8 20×7 ]PjJy/vkjj
营业收入 64 000 48 000 rjW\tuZI
营业成本 54 000 42 000 LYyOcb[x
净利润 30 -20 qUtlh,4)
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20×8年12月31日 20×7年12月31日
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存货 16 000 12 000 s:\FlQ0
流动资产 60 000 50 000 ?T <2Cl'C
总资产 100 000 90 000 >hmBV7nR
流动负债 20 000 18 000 ify}xv
总负债 30 000 25 000 rOd~sa-H
在审计过程中,约翰发现以下事项: <C,lHt
(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: jpek=4E
借:银行存款5 820 000 V0!$k.Wk
财务费用 180 000 i_6 Y6
贷:应收票据6 000 000 f&
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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: #Z]l4d3{T
借:营业外支出 3 000 000 `8D}\w<eI
贷:预计负债 3 000 000 =Hwlo!
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: 0'0GAh2
借:预计负债 3 000 000 bs=x>F
贷:银行存款 2 500 000 8C>\!lW"
营业外收入 500 000 {:0TiOP5x
要求:
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(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。 E1-BB
(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: 0B?t:XU ,
(a)20×8年存货周转率 i j+)U`
(b)20×8年销售毛利率 YZ0Jei8+-
(c)20×8年总资产净利率 Dq G m
(d)20×8年12月31日的流动比率 &;]KntxB
(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) SV0h'd(
b
【答案】 9(
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(1)应选择营业收入作为计算重要性水平的基础。 qz<
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ~y.t amNW
X1PXX!]lo[
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 /I/gbmc)
销售毛利率=(64000-54000)/64000×100%=15.63% ~dc~<hK
总资产净利率=30/[(100000+90000)/2]=0.03% . +
流动比率=60000/20000=3 nkn4VA?"
(3)
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a.应建议做如下审计调整分录: (6#,
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借:应收票据 6 000 000 \=NS@_t,
贷:短期借款 5 820 000 \DC0`
财务费用 180 000 Ri mz~}+
b.应建议做如下审计调整分录: [Y_CRxa\u
借:预计负债 3 000 000 --chU5
贷:营业外支出 500 000 5.3=2/
其他应付款 2 500 000 7lH3)9G;