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)。 +#L'gc
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: k%R(Qga
(Expressed in RMB thousands) l6-
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FINANCLAL STATEMENTS ITEMS {ub'
20×8 .On3ZN
20×7 ''($E/
l?A~^4(5a/
Sales .Zc:$"gDu
64000 !t[;~`d9
48000 ,]tEh:Q
C
,zEPdhTX
Cost of sales tIk$4)ZAl
54000 'w0?-
42000 uuQsK. S
;OC{B}.vH
Net profit fI,2l
30 G<P/COI#M5
-20 5 qMP u|A
%Z8wUG
Bk]
`n'W
December 31, 20×8 L|8&9F\
December 31, 20×7 1 F&}e&}c
dVMLn4[,MA
Inventory $9h^tP'CV
16000 Ej $.x6:
12000 JkI|Ojmm/
1:RK~_E
Current assets ]c1#_MW
60000 zSjZTA/Z
50000 {113B)
`_sKR,LhB
Total assets F-XMy>9
100000 Wj8WT)cB
90000 V@
+X4`T
r`$P60,@C
Current liabilities ^U);MH8
20000 /]?e^akA
18000 `a[
V_4wO
k(xB%>ns
Total liabilities Kpkpr`:)]
30000 ^A=2#j~H\
25000 MAp#1+k
%jJIR88
H6Ytp^~>
During the audit, John has the following findings: kkJ8xyO
(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: ]x66/O\0u
Dr. Cash in Bank RMB 5820000 )LsUO#%DO
Dr. Financial Expenses RMB 180000 |n;5D,r0C
Cr. Notes Receivable RMB 6000000 V+zn`
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(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: s)Xz}QPK.
Dr. Non-operating Expenses RMB 3000000 (:^YfG~e
Cr. Provisions RMB 3000000 t>Yl=79,
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 q;#bFPh
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: Vh^ :.y
Dr. Provisions RMB 3000000 zCv)%y
Cr. Cash in Bank RMB 2500000 KpIY>k
Cr. Non-operating Income RMB 500000 E
B!
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Required: !hE F.S
(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. 0>"y)T3
(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: xVrLoAw
(a)Inventory Turnover Rate in 20×8; Esm
=sPW
(b)Gross Profit Ratio in 20×8; GP x+]Jw8\
(c)After Tax Return on Total Assets in 20×8; and Q[FDk63;w
(d)Current Ratio as at December 31, 20×8 @V&HE:P
(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. Od~e*gA8
【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。 T+S\'f\
以下是未经审计财务报表的部分信息: ]bbP_n8
(单位:千元) 'UTMEN&
项目 20×8 20×7 L8oqlq(
9
营业收入 64 000 48 000 v?}rA %so
营业成本 54 000 42 000 i ~)V>x
净利润 30 -20 p} JGx^X~
>;#rK@*&
20×8年12月31日 20×7年12月31日 YDZB$?&a
存货 16 000 12 000 ;2[OI
流动资产 60 000 50 000 1r5Z$3t\
总资产 100 000 90 000 Y/LS(b*
流动负债 20 000 18 000 S_^;#=_c
总负债 30 000 25 000 :H#D4O8UiH
在审计过程中,约翰发现以下事项: 4;(W0RQa
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 2@Q5Ta#h
借:银行存款5 820 000 *
^XMf
财务费用 180 000 t3*.Bm:^
贷:应收票据6 000 000 .yHK
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ZXf&
pqmG
借:营业外支出 3 000 000 C' WX$!$d
贷:预计负债 3 000 000 :fUN
c^\2
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: /7ShE-.5#
借:预计负债 3 000 000 %s ;5
贷:银行存款 2 500 000 +Y2D @K?)
营业外收入 500 000 roBbo
要求: vP_mS 4X
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 "D
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: IsVR4t]
(a)20×8年存货周转率 O>i]*V
(b)20×8年销售毛利率 /g8nT1k
(c)20×8年总资产净利率 uc\G)BN
(d)20×8年12月31日的流动比率 aCi)icn$
(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) NC YOY
【答案】 C0khG9,BL
(1)应选择营业收入作为计算重要性水平的基础。 ^f0-w`D
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .bRtK+}F#
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 b?2 \j}
销售毛利率=(64000-54000)/64000×100%=15.63% VMS3Q)Ul
总资产净利率=30/[(100000+90000)/2]=0.03% di]CYLf
流动比率=60000/20000=3 ,#9i=gp
(3) PG@C5Rnu
a.应建议做如下审计调整分录: xa967Ki9"
借:应收票据 6 000 000 P,7R/-u 5D
贷:短期借款 5 820 000 P057]cAat<
财务费用 180 000 T hVq5
b.应建议做如下审计调整分录: DYrci?8Ith
借:预计负债 3 000 000 7.+vp@+
贷:营业外支出 500 000 yNG|YB;
其他应付款 2 500 000 3ly]DTbz