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)。 LV$Ko_9eA
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: x{G 'IEf
(Expressed in RMB thousands) .*+jD^Gr
FINANCLAL STATEMENTS ITEMS N<KsQsy=
20×8 NTCFmdbs 6
20×7 `d
/* sX?k
!"E/6z2&(k
Sales 77+3CME{'
64000 @0tX,Z
9
48000 o1{3[=G
^rY18?XC+:
Cost of sales y^Q);siSy
54000 TB<$9FCHK
42000 CZy3]O"qW
)@tHS-Jf
Net profit Ui1s]R
30 d|W=_7z
-20 .>}Z3jUrf
Be\@n xV[
k1P'Q&Na
December 31, 20×8 P_p\OK*l]o
December 31, 20×7 hc9ON&L\>
qf@P9M
Inventory Q_0_6,Opb
16000 =jxy4`oF
12000 ) 3f\H
qq?o^_^4
Current assets U ){4W0
60000 [P }mDX
50000 DV>;sCMJ %
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Total assets `]l|YQz\
100000 PAC=LQn&
90000 SY@;u<Pd
Vvfd?G"
Current liabilities GlC (uhCpV
20000 mxpw4
18000 eZh
F<<Y
zqQ[uO]m?
Total liabilities ;v.J
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30000 %z.d
;[Hs
25000 LZ&I<ID`-
ug"4P.wI
Oc.8d<
During the audit, John has the following findings: qM2m !
(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: <7L-25 =
Dr. Cash in Bank RMB 5820000 >r}?v3QW
Dr. Financial Expenses RMB 180000 ,Qo:]Mj
Cr. Notes Receivable RMB 6000000 n\BV*AH
(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: ,R7j9#D
Dr. Non-operating Expenses RMB 3000000 uc]5p(9Hb
Cr. Provisions RMB 3000000 t56PzT'M
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 VP~%,=
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: *mYGs )|
Dr. Provisions RMB 3000000 Ul
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Cr. Cash in Bank RMB 2500000 ^q%f~m,O<
Cr. Non-operating Income RMB 500000 YV>&v.x0;
Required: &5B/>ag1!
(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. qwn EVjf
(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: [a~@6*=
(a)Inventory Turnover Rate in 20×8; 4N3O<)C)@
(b)Gross Profit Ratio in 20×8; X%B$*y5
(c)After Tax Return on Total Assets in 20×8; and ?=-/5A4K
(d)Current Ratio as at December 31, 20×8 tuY=)?
(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. ip*^eS^
【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。 1>2
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以下是未经审计财务报表的部分信息: VyNU<}
(单位:千元) (hKjr1s
项目 20×8 20×7 +Ll29Buy
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营业收入 64 000 48 000 I1K %n'D
营业成本 54 000 42 000 )!G 10
净利润 30 -20 /V]i3ac
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20×8年12月31日 20×7年12月31日 ;/IXw>O(/
存货 16 000 12 000 TXs&*\
流动资产 60 000 50 000 o,0
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总资产 100 000 90 000 z-sq9
Qp&x
流动负债 20 000 18 000 INCD5dihJ
总负债 30 000 25 000 ,u-9e4
在审计过程中,约翰发现以下事项: lKqFuLHwF
(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: YZ<5-C
借:银行存款5 820 000 x[+bLlb
财务费用 180 000 ^6Yt2Bhs
贷:应收票据6 000 000 x~D8XN{
(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: !#e+!h@
借:营业外支出 3 000 000 a`eb9o#
贷:预计负债 3 000 000 {Dy,u%W?
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: >Af0S;S
借:预计负债 3 000 000 ol
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贷:银行存款 2 500 000 )g]A
'A=
营业外收入 500 000 N{M25ucAHl
要求: iVmy|ewd
(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。 W58%Zz4a
(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: WK#%G
(a)20×8年存货周转率 OekE]`~w
(b)20×8年销售毛利率 |X6R2I
(c)20×8年总资产净利率 ,WW=,P
(d)20×8年12月31日的流动比率 D
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(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) REsw=P!b
【答案】 T+%P+
(1)应选择营业收入作为计算重要性水平的基础。 N+
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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。 tk:G6Bkid
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 &W `7 b<
销售毛利率=(64000-54000)/64000×100%=15.63% (_gt!
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总资产净利率=30/[(100000+90000)/2]=0.03% A2P.5EN
流动比率=60000/20000=3 0]nveC$
(3) dAM]
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a.应建议做如下审计调整分录: .O&YdUo
借:应收票据 6 000 000 'coY`B; 8
贷:短期借款 5 820 000 TDy$Mv=y
财务费用 180 000 2zX9c<S=5
b.应建议做如下审计调整分录: "t-9q
借:预计负债 3 000 000 3&+nV1
贷:营业外支出 500 000
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其他应付款 2 500 000 #v
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