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)。 ?/L1tX)
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: A'(k
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(Expressed in RMB thousands) CCwK8`%
FINANCLAL STATEMENTS ITEMS "p2u+
8?
20×8 m"1
?
20×7 ],#ZPUn
ix+x3OCip
Sales 3g+\?L-c
64000 th;]Vo
48000 ";58B}ki
<#!8?o&i
Cost of sales N}1-2
54000 "N]WL5$i
42000 [/n'@cjNZ
3pzOt&T|w
Net profit EID(M.G
30 Kjvs@~6t
-20 Pyit87h{
A'w2GC{.
sd7Y6?_C
December 31, 20×8 RH1U_gp4 ]
December 31, 20×7 lK 9s0t'
%0go%_
Inventory 7YSuB9{M
16000 (rMTW+,
12000 Oym]&SrbS
F\l!A'Q+t
Current assets + >Fv*lux
60000 m}sh I8S
50000 g8B&u u #
HXz iDnj
Total assets "otr+.{`*
100000 0!)U *+j,
90000 NF@i#:
LjX&',
Current liabilities ggzAU6J
20000 %,h!: Ec^c
18000 p` ^:Q*C"
9,}fx+^
Total liabilities UX+?0 K
30000 vQE` c@^{
25000 lb=2*dFJ1
15RI(BN
_q2`m
During the audit, John has the following findings: DWHOSXA4
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: dICnB:SSB
Dr. Cash in Bank RMB 5820000 r< N-A?a
Dr. Financial Expenses RMB 180000 Ul7,k\q@
Cr. Notes Receivable RMB 6000000 Z{j!s6Y@{
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 7 B4w.P,B
Dr. Non-operating Expenses RMB 3000000 Tm'l N5}&9
Cr. Provisions RMB 3000000 )[F46?$vrk
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =aX1:Z
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: * <Nk%`
Dr. Provisions RMB 3000000 ;w>Q{z
Cr. Cash in Bank RMB 2500000 [j]}$fFe
Cr. Non-operating Income RMB 500000 jKe$&.q@
Required: .oW~:mY
(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. ~M|NzK_9
(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: AqTR.}H
(a)Inventory Turnover Rate in 20×8; <[*h_gE5
(b)Gross Profit Ratio in 20×8; iGpK\oH
(c)After Tax Return on Total Assets in 20×8; and j58Dki->.
(d)Current Ratio as at December 31, 20×8 Mr@<ZTw
(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. 50O7=
【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。 F='jmiVJ
以下是未经审计财务报表的部分信息: S S7D1
(单位:千元) Zi15wE
项目 20×8 20×7 `*.r'k2R
营业收入 64 000 48 000 VhJyWH%(
营业成本 54 000 42 000 @8}-0c
净利润 30 -20 MV:<w3!
"1=.5:yG
20×8年12月31日 20×7年12月31日 0D W'(#`
存货 16 000 12 000 @p?b"?QaB
流动资产 60 000 50 000 F5om-tzy
总资产 100 000 90 000 :d:|7hlNQ
流动负债 20 000 18 000 &z1|
总负债 30 000 25 000 o
%9Ua9|RR
在审计过程中,约翰发现以下事项: I{Y
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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: s0`]!7D<
借:银行存款5 820 000 FN8=YUYK%
财务费用 180 000 kfG 65aa>_
贷:应收票据6 000 000 Es ZnGuY
(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: >"m@qkh
借:营业外支出 3 000 000 rA>A=,
贷:预计负债 3 000 000 `i_L?C7
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: .j]OO/,
借:预计负债 3 000 000 V8| q"UX
贷:银行存款 2 500 000 UlLM<33_)
营业外收入 500 000 8/kx 3
要求: R-0_226
(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。 nOL 25 Y:
(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: EzeDShN=J
(a)20×8年存货周转率 Sj=69>m]5
(b)20×8年销售毛利率 a v|6r#
(c)20×8年总资产净利率 zN8&M<mTl
(d)20×8年12月31日的流动比率 .P0Qs&i
(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) !D|pbzQc8
【答案】 8M(|{~~3
:
(1)应选择营业收入作为计算重要性水平的基础。 OL6xMToP
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 cVv4gQD\
6vp8LNSW
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 )b:~kuHi
销售毛利率=(64000-54000)/64000×100%=15.63% ?AM8*w
总资产净利率=30/[(100000+90000)/2]=0.03% 6=`m
流动比率=60000/20000=3 xs83S.fHg
(3) v1tN
DyM6
a.应建议做如下审计调整分录: odn97,A
借:应收票据 6 000 000 7.Kjg_N#Tr
贷:短期借款 5 820 000 U{:(j5m
财务费用 180 000 J=Y( *D7Q
b.应建议做如下审计调整分录: 8bKWIN g_n
借:预计负债 3 000 000 r>:7${pF
贷:营业外支出 500 000 X6"^:)&1M
其他应付款 2 500 000 Y|qixpP