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)。 ITUwIpAE
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: +Jf45[D
(Expressed in RMB thousands) |i/Iv
FINANCLAL STATEMENTS ITEMS E/<5JhI9~
20×8 t;>"V.F<1
20×7 @c>a
|FR'?y1
Sales dn? #}^,"
64000
6Cdc?#&
48000 vk^ /[eha
7KB:wsz^
Cost of sales x)^/3
54000 ~qjnV
42000 eD#R4
s#nd:$p3
Net profit |aaoi4OJ
30 2c%*u {=:
-20 Vm3e6Y,K
o3s ME2
[~%\:of70n
December 31, 20×8 {j0c)SETN
December 31, 20×7 ;aI`4;
!awsQ!e|
Inventory !BQ:R(w
16000 P
S$6`6G
12000 +!'rwD
&*w)/W
Current assets 6wmMg i_m
60000 hYj!*P)uV
50000 *irYSTA$
Sz"rp9x+
Total assets & rsNB:!
100000 ]jkaOj
90000 F74^HQ*J
_@U11|
Current liabilities G#|`Bjv"aP
20000 xM#+jI
18000 Z*M]AvO+#
0_A|K>7
Total liabilities H*h 7Y*([
30000 #RyX}t X,
25000 ^hMJNy&R
0U
d.u
:X66[V&eH
During the audit, John has the following findings: NrNxI'MG
(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: 3T<aGW1
Dr. Cash in Bank RMB 5820000 9q4%s?)j
Dr. Financial Expenses RMB 180000 KA"D2j9wn
Cr. Notes Receivable RMB 6000000 `Dn"<-9:
(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: &idPO{G
Dr. Non-operating Expenses RMB 3000000 Kt 0
3F$
Cr. Provisions RMB 3000000 O< \i{4}}
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 :*/'W5iM
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: (b]r_|'
Dr. Provisions RMB 3000000 ]csfK${
Cr. Cash in Bank RMB 2500000 4dd] Ju
Cr. Non-operating Income RMB 500000 )-RI
Required: FA+'E
(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. NJe^5>4`
(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: ;1wRo`RD
(a)Inventory Turnover Rate in 20×8; 'JjW5
(b)Gross Profit Ratio in 20×8; GJ3@".+6
(c)After Tax Return on Total Assets in 20×8; and 65~X!90k
(d)Current Ratio as at December 31, 20×8 7FTf8
(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. u=U.+\f5
【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。 ]W7e2:Hra
以下是未经审计财务报表的部分信息: }kCaTI?@#
(单位:千元) `u *:wJsv
项目 20×8 20×7 l-} );zH74
营业收入 64 000 48 000 7a0kat'\
营业成本 54 000 42 000 V"r2 t9A
净利润 30 -20 y|e@z
f
)[c@5z
y~*
20×8年12月31日 20×7年12月31日 AM
m)E
存货 16 000 12 000 8vuA`T!~G
流动资产 60 000 50 000 SGp}(j>
总资产 100 000 90 000 ;:%*h2
流动负债 20 000 18 000 8d!t"oj68
总负债 30 000 25 000 Y
>83G`*}b
在审计过程中,约翰发现以下事项: pI>[^7
(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: _UqE
-+&
借:银行存款5 820 000 74c[m}'S
财务费用 180 000 1dl@2CVS
贷:应收票据6 000 000 :d!qZFln
(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: A%zX LV=3O
借:营业外支出 3 000 000 3O'6 Ae
贷:预计负债 3 000 000 9CxFj)#5F
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: |P>Yf
0
借:预计负债 3 000 000 ?KK
u1~a_
贷:银行存款 2 500 000 RTJ\|#w
营业外收入 500 000 p;Lp-9H\33
要求: 4|]0%H~n6
(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。
- fB;pS,
(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: WcG}9)9
(a)20×8年存货周转率 lDV}vuM<4
(b)20×8年销售毛利率 3 cb$g
(c)20×8年总资产净利率 Kz>Bw;R(
(d)20×8年12月31日的流动比率 |BC/ERms
(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) C
=sEgtEI
【答案】 VsrY
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(1)应选择营业收入作为计算重要性水平的基础。 \a
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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。 !
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DMc H, _(
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 w|AHE
销售毛利率=(64000-54000)/64000×100%=15.63% ]'[(MH"
总资产净利率=30/[(100000+90000)/2]=0.03% \?VNr2
流动比率=60000/20000=3 W{v{sQg
(3) Vp.&X 8
a.应建议做如下审计调整分录: y-/,,,r
借:应收票据 6 000 000 \%!
t2=J
!
贷:短期借款 5 820 000 PE\.J U
财务费用 180 000 zBKfaQI,
b.应建议做如下审计调整分录: _?YP0GpU
借:预计负债 3 000 000 / p PSo
贷:营业外支出 500 000 ?}tWI7KI
其他应付款 2 500 000 W|yFjE&dr