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)。 wp`a:QZ8N
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: \5 IB/*
(Expressed in RMB thousands) 1q<BYc+z
FINANCLAL STATEMENTS ITEMS LY[XPV]t
20×8 zRdL-u%(#
20×7 <\GP\G
`3^*K/K\
Sales .`&($W
64000 ~h6aw
48000 X>j% y7v
i
~fkjn
Cost of sales Qx|m{1~-
54000
eD/O)X
42000 jXkz,]Iy
m'k.R
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Net profit 4bqi&h3
30 Tw"u{%t
-20 $-m@cObw!.
-;cZW.<
qz"di~ 7
December 31, 20×8 Mib(J+Il
December 31, 20×7 Lt0JUUa0
" m<]B
Inventory 5*u0VabC<
16000 6U6,Wu
12000 $^?"/;8P5
fEE[huG
Current assets NL
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60000 lN#W
50000 I~?D^
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%I$i
Total assets I}Uj"m`>
100000 ;<d("Yz:@Z
90000 g-"@%ps
HtB>#`'
Current liabilities Hj't.lg+j
20000 ms8de>A|H
18000 yEyx.Mh.Af
Ahk6{u
z
Total liabilities M_*"g>Z
30000 E}Q'Wz|k
25000 %!I7tR#;
&^Q-:Kxs8
hRTw8-wy:
During the audit, John has the following findings: Tt#4dm-
(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: os0fwv
Dr. Cash in Bank RMB 5820000 kx0(v1y3gT
Dr. Financial Expenses RMB 180000 V/"UDof
Cr. Notes Receivable RMB 6000000 :UM>`Y
(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: |l)SX\Qf`@
Dr. Non-operating Expenses RMB 3000000 Jt5\
Cr. Provisions RMB 3000000 @dei}!e
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 5H#f;L\k
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: 6U5L>sQ
Dr. Provisions RMB 3000000 IHHL. gT
Cr. Cash in Bank RMB 2500000 tIfA]pE
Cr. Non-operating Income RMB 500000 9$ZQuHSw7
Required: l
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 2#LTd{
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 69ZGdN
(a)Inventory Turnover Rate in 20×8; `~0)}K.F
(b)Gross Profit Ratio in 20×8; -l)vl<}
(c)After Tax Return on Total Assets in 20×8; and ^k6 A,Ak
(d)Current Ratio as at December 31, 20×8 4{4VC"fa
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. K}7E;O5m"
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 x6Zhw9RV
以下是未经审计财务报表的部分信息: EYWRTh
(单位:千元) \6AYx[|
项目 20×8 20×7 0N.B=j|
营业收入 64 000 48 000 Z$
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营业成本 54 000 42 000 /vC|_G|{
净利润 30 -20 6Hoc F/Ye
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20×8年12月31日 20×7年12月31日 k|V%*BvY>
存货 16 000 12 000 T40&a(hXQ
流动资产 60 000 50 000 U4;r.#qw,
总资产 100 000 90 000 $Y'}wB{pc
流动负债 20 000 18 000 2$ m#)*\
总负债 30 000 25 000 7L3:d7=MIW
在审计过程中,约翰发现以下事项: CqK&J
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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: D>tex/Of3
借:银行存款5 820 000 ou8V7
财务费用 180 000 A$d)xq-]K
贷:应收票据6 000 000 j#4 Iu&YJ
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: #o`y<1rN
借:营业外支出 3 000 000 KA~eOEjM
贷:预计负债 3 000 000 xE>H:YPm
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: -u+@5K;^Y
借:预计负债 3 000 000 y2Eq-Ie
贷:银行存款 2 500 000 ; '6`hZ
营业外收入 500 000 J:W|2U="
要求: O_=2{k~s0
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 yC#%fgQ r
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: (j<FS>##
(a)20×8年存货周转率 4mHR+
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(b)20×8年销售毛利率 !@>_5p>q*
(c)20×8年总资产净利率 RHO| g0
(d)20×8年12月31日的流动比率 mQL8ec_c
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 'NaNh0y
【答案】 P;~`%,+S
(1)应选择营业收入作为计算重要性水平的基础。 YkWv*l
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .M(')$\U
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ZVu_E.4.
销售毛利率=(64000-54000)/64000×100%=15.63% *LuR
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