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)。 $x%3^{G
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: =aL=SC+
(Expressed in RMB thousands) g)o?nAr
FINANCLAL STATEMENTS ITEMS I\8f`l
20×8 L\O}q
20×7 kaKV{;UM
P:`tL)W_
Sales F0&BEJBkU
64000 4tZnYGvqe
48000 (C1@f!Z
\1 ^qfw
Cost of sales 6Vq]AQx
54000 J~\`8cds
42000 !21#NCw
ss8de9T"'
Net profit +x?_\?&Ks
30 S7/0B4[
-20 L%3m_'6QP
.bwKG`F
=CCxY7)M+.
December 31, 20×8 >n`!S`)9{
December 31, 20×7 rXortK#\%
MV+S.`R
Inventory ch^tq",1>
16000 pONBF3H8
12000 tks3xS
]GSs{'UhB
Current assets s:4<wmu4=
60000 vai.w-}Z
50000 SI/@Bbd=
^5"2s:vP
Total assets h` 1{tu
100000 g91X*$`]
90000 =f4v: j}'|
=*ZQGM 3w
Current liabilities =Wb!j18]
20000 c(]NpH
i
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18000 7<'4WHi;@s
e-}b]\
Total liabilities !3E
%u$-}
30000 y093-
25000 Z$8X1(o
}w,^]fC:
3,7SGt
r
During the audit, John has the following findings: M- f)\`I
(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: >:2B r(S
Dr. Cash in Bank RMB 5820000 |.]:#)^X?
Dr. Financial Expenses RMB 180000 )^G&p[G
Cr. Notes Receivable RMB 6000000 C2
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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: h^u 9W7.
Dr. Non-operating Expenses RMB 3000000 f1Ak0s,zrc
Cr. Provisions RMB 3000000 FIB 9W@oao
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 uk8vecj
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: `ViFY
Dr. Provisions RMB 3000000 RV*7?y%3
Cr. Cash in Bank RMB 2500000 K#O8P+n5[
Cr. Non-operating Income RMB 500000 M.h)]S>
Required: U\_-GS;1
(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. p6qza @
(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: QasUgZ
(a)Inventory Turnover Rate in 20×8; D"5u N0Z
(b)Gross Profit Ratio in 20×8; YW|KkHi*
(c)After Tax Return on Total Assets in 20×8; and (TQx3DGq
(d)Current Ratio as at December 31, 20×8 GsYi/Z
(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. qkCj33v
【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。 Jgf73IX[
以下是未经审计财务报表的部分信息: yK1Z&7>J>
(单位:千元) w(sD}YA)
项目 20×8 20×7 z}Qt6na]-
营业收入 64 000 48 000 t-xw=&!w
营业成本 54 000 42 000 '
9K4A'2[
净利润 30 -20 rv(Qz|K@
gC}r$ZB(
20×8年12月31日 20×7年12月31日 FfDe&/,/
存货 16 000 12 000 }RGp)OFY&
流动资产 60 000 50 000 YKjm_)8]w
总资产 100 000 90 000 RJ#xq#l
流动负债 20 000 18 000 1:.0^?Gz
总负债 30 000 25 000 ur'a{BI2R
在审计过程中,约翰发现以下事项: LX4*3c|i,
(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: p4\r`
借:银行存款5 820 000 (s/hK
财务费用 180 000 g$qNK`y
贷:应收票据6 000 000 {=(GY@yU/
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Vb=Oz
借:营业外支出 3 000 000 0?D`|x_
贷:预计负债 3 000 000 e}Y|'bG
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: X[ERlw1q4Q
借:预计负债 3 000 000 NH?q/4=I0W
贷:银行存款 2 500 000 4X0k1Fw)Y
营业外收入 500 000 qusX]Tstz
要求: B( ]=I@L=W
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 %
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: K_@[%
(a)20×8年存货周转率 kIHfLwh9N
(b)20×8年销售毛利率 qOyg&]7
(c)20×8年总资产净利率 y4aW8J#
(d)20×8年12月31日的流动比率 rKlu+/G
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ,S|v>i,@
【答案】 >x(3p@6p
(1)应选择营业收入作为计算重要性水平的基础。 jQAK
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 7XE |5G
F_m[EB
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 9=(*#gRd
销售毛利率=(64000-54000)/64000×100%=15.63% +doZnU,
总资产净利率=30/[(100000+90000)/2]=0.03% gm**9]k ^{
流动比率=60000/20000=3 N:#"4e
(3) .%{3#
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a.应建议做如下审计调整分录: 0]tr&BLl*
借:应收票据 6 000 000 V~V_+
贷:短期借款 5 820 000 [B}$U|V0
财务费用 180 000 l]BIFZ~
b.应建议做如下审计调整分录: W
U:~T.Su
借:预计负债 3 000 000 aS^
4dEJ
贷:营业外支出 500 000 Y lI/~J
其他应付款 2 500 000 {uO=Wkp~7