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)。 P3yiJ|vP
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: /SKr.S61e
(Expressed in RMB thousands) ~76.S
FINANCLAL STATEMENTS ITEMS Fa!)$eb7
20×8 yki
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20×7 5muW*7
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Sales yUSB{DLpla
64000 GufP[|7b-
48000 .fsk DW
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Cost of sales I:_*8el&d
54000 )c '>E4>
42000 0;h1LI)
HV9SdJOf
Net profit ],YYFU}
30 7
h1"8#X
-20 i@CMPz-h&
+.lWck
mCt>s9a)H
December 31, 20×8 Tb={g;0@
December 31, 20×7 8$v7|S6 z
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Inventory ?Bzi#Z
16000 ZQkw}3*n
12000 jDX<iX%e
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Current assets ,/:a77
60000 iW}l[g8sw!
50000 1D[P\r-
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Total assets bXH^Bm
100000 ]X~g@O{>_
90000 .G_3blE;
Z&w^9;30P
Current liabilities '
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20000 0c61q Q6
18000 k<| l
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Total liabilities )6Q0f
30000 &7w>K6p
25000 z>33O5U
HD)HCDTX
b!X"2'
During the audit, John has the following findings: K)`:v|d
(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: ARdGh_yJ&
Dr. Cash in Bank RMB 5820000 &U~r}=
Dr. Financial Expenses RMB 180000 uT} TSwgp
Cr. Notes Receivable RMB 6000000 )SX6)__
(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: q83~j`ZJ$
Dr. Non-operating Expenses RMB 3000000 e4Ox`gLa*p
Cr. Provisions RMB 3000000 7+a%ehwU
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 mp,e9Nd;
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: o~x39
Dr. Provisions RMB 3000000 cN WcNMm
Cr. Cash in Bank RMB 2500000 [b.'3a++
Cr. Non-operating Income RMB 500000 T_x+sv=|X!
Required: zg7l>9Sc
(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. Wjr
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(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: @ 9 {%Kn
(a)Inventory Turnover Rate in 20×8; uR;-eK
(b)Gross Profit Ratio in 20×8; Ww96|m
(c)After Tax Return on Total Assets in 20×8; and +&7Kk9^
(d)Current Ratio as at December 31, 20×8 !wd
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(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. 9*|3E"Vr
【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。 C5+`<
以下是未经审计财务报表的部分信息: nF<y7XkO
(单位:千元) 'dc+M9u)_q
项目 20×8 20×7 hOB\n!
营业收入 64 000 48 000 FGwnESCC
营业成本 54 000 42 000 5eOj,[?
净利润 30 -20 DMQNr(w{!2
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20×8年12月31日 20×7年12月31日 !(*a+ur&i
存货 16 000 12 000 qEJ8o.D-=
流动资产 60 000 50 000 {@V3?pG?p
总资产 100 000 90 000 < m enABN4
流动负债 20 000 18 000 l#b|@4:I
总负债 30 000 25 000 30?LsYXL62
在审计过程中,约翰发现以下事项: ;T.s!B$Uu
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: >7nV$.5S
借:银行存款5 820 000 \-
=^]]b=
财务费用 180 000 )Ig+uDGk
贷:应收票据6 000 000 #*$_S@
(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: #P%1{l5m
借:营业外支出 3 000 000 E69:bQ94u
贷:预计负债 3 000 000 `z}vONXpAX
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: wb6 L?t
借:预计负债 3 000 000 AU)1vx(\w
贷:银行存款 2 500 000 $_RWd#Q(
营业外收入 500 000 F#
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要求: UZje>.~?
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 n @&"+
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: ]3t1=+
(a)20×8年存货周转率 6F*-qb3
(b)20×8年销售毛利率 8QVE_ Eu
(c)20×8年总资产净利率 "
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(d)20×8年12月31日的流动比率 o)%-l4S
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) X,TTM,1w
【答案】 _8Nw D_"
(1)应选择营业收入作为计算重要性水平的基础。 UzgA26;
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 RpO@pd m
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ]V36-%^
销售毛利率=(64000-54000)/64000×100%=15.63% fvcW'T}r
总资产净利率=30/[(100000+90000)/2]=0.03% AH2_#\
流动比率=60000/20000=3 VG_uxKY
(3) -)1-~7
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a.应建议做如下审计调整分录: EBoGJ_l
借:应收票据 6 000 000 fJN*s
贷:短期借款 5 820 000 >4n+PXRXX
财务费用 180 000 L*g.
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b.应建议做如下审计调整分录: PiMKu|,3
借:预计负债 3 000 000 ? YF${
贷:营业外支出 500 000 kSbO[)p
其他应付款 2 500 000 _wf5%(~b