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)。 ]K*GSU
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: DU`v J2
(Expressed in RMB thousands) ZqFUPHc
FINANCLAL STATEMENTS ITEMS R|-j]Ne
20×8 M2L0c?
20×7 'mUI-1GkT
S
QSA%B$<
Sales _{mJ.1)V;
64000 E$R_rX4x
48000 DUhT>,~]
_6LH"o3
Cost of sales &8afl"_~
54000 +NT:<(;|i5
42000
VmYBa(
(s;zRb!4L
Net profit 9GE]<v,_[
30 pW7kj&a_.
-20 HGb.656r
:cb[M5c
Ym`1
<2mq\
December 31, 20×8 @f%wd2
December 31, 20×7 7g8B'ex J
.c03}RTC^
Inventory ^7<[}u;qF
16000 !YIb
12000 d _uFY:
7G2vYKC'
Current assets ,.h$&QFj;
60000 p8_2y~!
50000 v/x*]c!"`
ze
?CoDx2
Total assets &jFKc0\i@
100000 @T_O6TcY
90000 j $KM9
ZRUh/<\[
Current liabilities OK.-]()!
20000 v23TL
18000 {vjqy&?y
o3fR3P%$
Total liabilities O8iu+}]/6
30000 tfsh!)u?
25000 V.U|OQouT
lR,G;
9X.gg$P
During the audit, John has the following findings: }~V,_Fv
(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: `TOX1cmw
Dr. Cash in Bank RMB 5820000 @|Z*f\
Dr. Financial Expenses RMB 180000 SK}HX
G{?
Cr. Notes Receivable RMB 6000000 ?$2q P`-
(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: C9G U6Ao
Dr. Non-operating Expenses RMB 3000000 >d'EInSF
Cr. Provisions RMB 3000000 JTjzT2`A.
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ^fG`DjA)
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: rpx0|{m
Dr. Provisions RMB 3000000 b5[f 5
Cr. Cash in Bank RMB 2500000 $,g
3*A
Cr. Non-operating Income RMB 500000 |HNQ|r_5S
Required: cj`#Tg.
(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. [9w, WJL
(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: RsR] T]4
(a)Inventory Turnover Rate in 20×8; X
E!2Q7Q9
(b)Gross Profit Ratio in 20×8; t&8<k+m
(c)After Tax Return on Total Assets in 20×8; and UP5%C;
(d)Current Ratio as at December 31, 20×8 t]gq+ c Lo
(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. OCvml 2
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【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。 J6= w:c
以下是未经审计财务报表的部分信息: G#^m<G^M
(单位:千元) ~>.awu+o|
项目 20×8 20×7 #*[,woNk
营业收入 64 000 48 000 R%qX_m\0
营业成本 54 000 42 000 .QNjeMu.
净利润 30 -20 3KDu!w@
3zk:59
20×8年12月31日 20×7年12月31日 P*}9,VoY
存货 16 000 12 000 U.d'a~pH
流动资产 60 000 50 000 4V!1/w
总资产 100 000 90 000 $,p.=j;P
流动负债 20 000 18 000 lR|$*:+
总负债 30 000 25 000 2Zv,K- G
在审计过程中,约翰发现以下事项: zojuH8
(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: fmatc#G
借:银行存款5 820 000 k];L!Fj1
财务费用 180 000 'O!Z:-qE
贷:应收票据6 000 000 +#^sy>
(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: F+lm [4
n
借:营业外支出 3 000 000 V]+o)A$
贷:预计负债 3 000 000 _G_ &Me0
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: bM*Pcxv
借:预计负债 3 000 000 )6PJ*;p-
贷:银行存款 2 500 000 |`N$>9qN
营业外收入 500 000 41P4?"O
要求: e5]&1^+
(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。 o'9OPoof:.
(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: Wm];p qN
(a)20×8年存货周转率 $71i+h]_
(b)20×8年销售毛利率 #L|JkBia
(c)20×8年总资产净利率 ;9 =}_h)]
(d)20×8年12月31日的流动比率 wghFGHgw
(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) =1V>Vd?8.
【答案】 &':UlzG
(1)应选择营业收入作为计算重要性水平的基础。 dj8F6\
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 O('i*o4!}
!gD 3CA
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 }rFsU\]:q
销售毛利率=(64000-54000)/64000×100%=15.63% AH"g^ gw~T
总资产净利率=30/[(100000+90000)/2]=0.03% TmRrub
流动比率=60000/20000=3 ph}wnIW]
(3)
9n06n$F
a.应建议做如下审计调整分录: P_:?}h\
借:应收票据 6 000 000 awj} K
贷:短期借款 5 820 000 PV5TG39qQ
财务费用 180 000 ,3fuX~
g
b.应建议做如下审计调整分录: ;EE{~
借:预计负债 3 000 000 + MOe{:/6
贷:营业外支出 500 000 H]T2$'U6
其他应付款 2 500 000 B^Rw?:hN