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)。 e%SQ~n=H 9
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: an
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(Expressed in RMB thousands) b v~"_)C
FINANCLAL STATEMENTS ITEMS cd#@"&r
20×8 YR^J7b\
20×7 `VwZDU~6
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Sales D!+d]A[r
64000 .9PPWY;H
48000 ;i@,TU
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Cost of sales w/#k.YE
54000 QJjqtOf>
42000 p~6/
-xPv]j$
Net profit GMyzQ]
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30 =a$7OV.
-20 2c
LIz@
y}Oc^Fc
)OS^tG
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December 31, 20×8 M3!A?!BU
December 31, 20×7 by (xv0v;
CI{? Kb
Inventory R<I)}<g(A3
16000 %77v'Pz1
12000 y yW;VKN
fucG 9B
Current assets h(l4\)
60000 aSkH<5i`v
50000 _o`+c wc
w3WBgH
Total assets aEM2xrhy,
100000 -<h4I
aM
90000 a<*q+a(*W
9
`4M o+
Current liabilities 3copJS
20000 4i|yEf
18000 E<]O,z;F
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Total liabilities LX2rg\a+%
30000 gqJSz}'
25000 Au~l
O
z3x/Y/X$S
P'MfuTtT&
During the audit, John has the following findings: ;5Spdi4w
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: BJC$KmGk
Dr. Cash in Bank RMB 5820000 ^h\& l{e
Dr. Financial Expenses RMB 180000 jMr [UZ
Cr. Notes Receivable RMB 6000000 1k"<
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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: .^
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Dr. Non-operating Expenses RMB 3000000 &y_Ya%Z3*e
Cr. Provisions RMB 3000000 Uq/FH@E=
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 4@19_+3
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: 89hV{^
Dr. Provisions RMB 3000000 AUjZYp
Cr. Cash in Bank RMB 2500000 )}w2'(!X8
Cr. Non-operating Income RMB 500000 cip5 -Z@8
Required: tZ
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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. f3PDLQA
(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: &GYnGrw?@
(a)Inventory Turnover Rate in 20×8; &Z'3n9zl
(b)Gross Profit Ratio in 20×8; lgrD~Y (x
(c)After Tax Return on Total Assets in 20×8; and -@bOFClE
(d)Current Ratio as at December 31, 20×8 Sq22]
(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. [QUaC3l)
【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。 iF,%^95=
以下是未经审计财务报表的部分信息: o0ky]9
P
(单位:千元) D]tI's1
项目 20×8 20×7 jEh Px
营业收入 64 000 48 000 ak1?MKV.
营业成本 54 000 42 000 HE!"3S2S&+
净利润 30 -20 ,i RUR8
YOOcHo.F
20×8年12月31日 20×7年12月31日 R`
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存货 16 000 12 000 Q rBb!.r
流动资产 60 000 50 000 R?62gH
总资产 100 000 90 000
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流动负债 20 000 18 000 Rp^fY_
总负债 30 000 25 000 ^5E:hW[*
在审计过程中,约翰发现以下事项: JsP<etX
(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: iy!SqC
借:银行存款5 820 000 s#cb wDT
财务费用 180 000 Yw(O}U 5e
贷:应收票据6 000 000 Q&5s,)w-
(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: @tT2o@2Y^
借:营业外支出 3 000 000 VEsIhjQ
贷:预计负债 3 000 000 L`3;9rO
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: CH9Psr78
借:预计负债 3 000 000 +L0Jje>Az
贷:银行存款 2 500 000 Uv
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营业外收入 500 000 je;C}4
要求: <#nt?X
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(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。 1VKu3
(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: =0t<:-?.-
(a)20×8年存货周转率 3s\}|LqX#
(b)20×8年销售毛利率 LA]UIM@
(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 Talmc|h
(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) ]A=yj@o$xN
【答案】 pJdR`A-k|
(1)应选择营业收入作为计算重要性水平的基础。 I|x?
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 J5!-<oJ/
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 K>2M*bGcp
销售毛利率=(64000-54000)/64000×100%=15.63% [CG3&J
总资产净利率=30/[(100000+90000)/2]=0.03% *$]50 \W
流动比率=60000/20000=3 CL3 b+r
(3) DuQW?9^232
a.应建议做如下审计调整分录: ;e)`Cv
借:应收票据 6 000 000 ,Dab(
贷:短期借款 5 820 000 cY^'Cj
财务费用 180 000
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b.应建议做如下审计调整分录: H-,p.$3}
借:预计负债 3 000 000 xs6k
r
贷:营业外支出 500 000 e_YTh^wU
其他应付款 2 500 000 j=dGNi)R