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)。 WYd,tGz
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: ;eSf4_~
(Expressed in RMB thousands) wEn&zZjx
FINANCLAL STATEMENTS ITEMS [==Z1Q;=
20×8 9'r3L)[
20×7 [~%;E[ky$
uS10P7N}
Sales \.-y
LS.
64000 xRZT
48000 ~2qG"1[\
%LaC$w_X
Cost of sales 17i@GnbNb
54000 p{QKj3ov
42000 Ljs(<Gm)-
EJ|ZZYke!
Net profit hA19:H=7R0
30 2\W<EWJ@
-20 PqeQe5
%R5MAs&-5
8o!^ZOmU<
December 31, 20×8 x \{jWR%
December 31, 20×7 EjCs
F4l6PGxF&\
Inventory \O4=mJ
16000 nff ]Y$FB
12000 ]$*_2V3VA$
~}l,H:jk@
Current assets aQuy*\$$
60000 87*[o
50000 ?(hQZR
0e
/JYi^rZ
Total assets cLF>Jvs*J
100000 nUu|}11 (
90000 ^^(ZK 6 d
O/"&?)[v
Current liabilities XfDQx!gJ
20000 QVhBHAw
18000 M|u5Vs1
cHd39H9
Total liabilities FCAu%lvZT
30000 b%$C!Tq'
25000 0]W/88ut*u
%'<
qhGJ
=l_"M
During the audit, John has the following findings: ,4$J|^T&
(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: ps
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Dr. Cash in Bank RMB 5820000 >b${rgCvQ
Dr. Financial Expenses RMB 180000 mw%_yDZ{
Cr. Notes Receivable RMB 6000000 sbIhg/:ok
(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: 8=Ht+Br
Dr. Non-operating Expenses RMB 3000000 $ {"St&(
Cr. Provisions RMB 3000000 \Ki#"%S
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 tr+~@]I+
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: 40ZB;j$l
Dr. Provisions RMB 3000000 f>PU# D
@B
Cr. Cash in Bank RMB 2500000 ,5WDYk-
Cr. Non-operating Income RMB 500000 E'
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Required: JC3)G/m(03
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. *a@UV%u
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 2F]MzeW
(a)Inventory Turnover Rate in 20×8; u'][3
(b)Gross Profit Ratio in 20×8; 'IszS!kY
(c)After Tax Return on Total Assets in 20×8; and "+_0idpF
(d)Current Ratio as at December 31, 20×8 MQu6Tm H
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. EeJ]>
1
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 rKq]zHgpo
以下是未经审计财务报表的部分信息: [V~bo/n
(单位:千元) 7Kjq1zl;
项目 20×8 20×7 K.I r+SB
营业收入 64 000 48 000 3~'F^=T.Y
营业成本 54 000 42 000 C I0^eaFs
净利润 30 -20 @x4Dt&:"
zvj\n9H
20×8年12月31日 20×7年12月31日 ,|/$|$'
存货 16 000 12 000 %m`QnRX?D
流动资产 60 000 50 000 : Tl?yGF
总资产 100 000 90 000 qa6up|xUnn
流动负债 20 000 18 000 >i<-rO>kN
总负债 30 000 25 000 :gC
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在审计过程中,约翰发现以下事项: > kT~X ,o
(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: ;C%EF
借:银行存款5 820 000 ?i"FdpW
财务费用 180 000 $%'z/'o!
贷:应收票据6 000 000 Qa+gtGtJ
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: =%`"
借:营业外支出 3 000 000 RB!E>]
贷:预计负债 3 000 000 ,vj^AXU
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: cCs:z
借:预计负债 3 000 000 6iC:l%|u
贷:银行存款 2 500 000 ]Re<7_xt
营业外收入 500 000 m~A/.t%=
要求: lB-7.
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Tc:`TE=2
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: :z7!X.*
(a)20×8年存货周转率 |Sq>uC)
(b)20×8年销售毛利率 3[4]G@
(c)20×8年总资产净利率 u a-p^X`w
(d)20×8年12月31日的流动比率 W#Z]mt B
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 98"N UT
【答案】 Ns_d10rZ.
(1)应选择营业收入作为计算重要性水平的基础。 kLP^q+$u)!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 YzqhFFaj.
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ;d4_l:9p
销售毛利率=(64000-54000)/64000×100%=15.63% HYS7=[hv6
总资产净利率=30/[(100000+90000)/2]=0.03% 3 a`-_<
流动比率=60000/20000=3 YQOGxSi
(3) %qMk&1
a.应建议做如下审计调整分录: =*I9qjla[?
借:应收票据 6 000 000 tti.-
贷:短期借款 5 820 000 ]M/w];:
财务费用 180 000 wpdT "
b.应建议做如下审计调整分录: \=JKeL|6[S
借:预计负债 3 000 000 x,+zw9
贷:营业外支出 500 000 P%c<0y"O:>
其他应付款 2 500 000 sXTO`W/