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)。 &)1+WrU
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: "Ln)v
(Expressed in RMB thousands) E-CZk_K9
FINANCLAL STATEMENTS ITEMS }s? 9Hnqa
20×8
2|m461
20×7 L,BuzU[1S
:Oxrw5`=
Sales PyK)ks!6
64000 {ymD.vf=9+
48000 ]5wc8Kh"
l7\Bq+Q
Cost of sales ih~ R?W
54000 (V#5Cs,o:
42000 "OkJPu2!W
Ww:,O48%
Net profit r"c<15g2'
30 6V W&An[6r
-20
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z]K:Amp;Z
X$)<>e]!>
December 31, 20×8 BVU>M*k
December 31, 20×7 4 1q|R[js!
lx(kbSxF
Inventory oUoDj'JN{
16000 &
Yb
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12000 "5,'K~hz
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Current assets 741Sd8
60000 %d3qMnYu
50000 DJR_"8
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Total assets HW"@~-\
100000 @#rF8;
90000 4J{6Wt";
m5`<XwD9
Current liabilities ].w~FUa
20000 ~qT5F)$B-
18000 vq=nG]cE)
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Total liabilities E+)3n
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30000 OlI|.~
25000 HHzAmHt
`)?N7g[\u
(l}W\iB'd
During the audit, John has the following findings: F!ZE4S_
(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: ozB2L\D7
Dr. Cash in Bank RMB 5820000 "n'kv!?\
Dr. Financial Expenses RMB 180000 ZOw%Fw4B
Cr. Notes Receivable RMB 6000000 nHyqfd<V>
(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: Q #IlUo
Dr. Non-operating Expenses RMB 3000000 #g=7fu{n:
Cr. Provisions RMB 3000000 ?h\fwF3
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 e*)*__$O
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: :8=7)cW
Dr. Provisions RMB 3000000 i24t$7q
Cr. Cash in Bank RMB 2500000 $\Oc]%
Cr. Non-operating Income RMB 500000 owQSy9Az
Required: )xm[m vt
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. H< 51dJn~
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 4 '"C8vw.
(a)Inventory Turnover Rate in 20×8; }2%L
0
(b)Gross Profit Ratio in 20×8; 37<^Oly!
(c)After Tax Return on Total Assets in 20×8; and 6--t6>5
(d)Current Ratio as at December 31, 20×8 Nk2n&(~$
(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. <
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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。 v9*31Jx
以下是未经审计财务报表的部分信息: ?*LVn~y
(单位:千元) P_}wjz}9ZX
项目 20×8 20×7 q]Vxf!0*>
营业收入 64 000 48 000 *\gYs{,
营业成本 54 000 42 000 u43W.4H13
净利润 30 -20 z|bAZKSRYx
;-kC&GZf
20×8年12月31日 20×7年12月31日 3LRBH+Tt
存货 16 000 12 000 L _D #
流动资产 60 000 50 000 |tN:o=
6
总资产 100 000 90 000 {;5\ #VFg
流动负债 20 000 18 000 cXw8#M!
总负债 30 000 25 000 ghGpi U$
在审计过程中,约翰发现以下事项: 3FY87R
(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: QZ&
4W
借:银行存款5 820 000 &8\6%C
财务费用 180 000 T{:8,CiW
贷:应收票据6 000 000 0hg4y
(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: CFXr=.yz
借:营业外支出 3 000 000 L.2!Q3&
贷:预计负债 3 000 000 Q2qT[aD,
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: 0@yw#.j
借:预计负债 3 000 000 7y
4jk
贷:银行存款 2 500 000 twMDEw#VL
营业外收入 500 000 'pj*6t1~
要求: H7FOf[3'
(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。 fU<_bg
(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: G4rd<V0[D
(a)20×8年存货周转率 #$X _,+<HZ
(b)20×8年销售毛利率 :'2h0
5R
(c)20×8年总资产净利率 %/oeV;D
(d)20×8年12月31日的流动比率 i0nu5kD+d
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) !LM9
【答案】 +wp !hk&C5
(1)应选择营业收入作为计算重要性水平的基础。 [2{2w68D!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Fe1XczB
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 jP#I](\eG
销售毛利率=(64000-54000)/64000×100%=15.63% % oJH 6F
总资产净利率=30/[(100000+90000)/2]=0.03% X2T
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流动比率=60000/20000=3 )=nB32~J"
(3) 'i<%kL@
a.应建议做如下审计调整分录: m
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借:应收票据 6 000 000 ;Wgkf_3
贷:短期借款 5 820 000 >
-,$
财务费用 180 000 n"w>Y)C(X)
b.应建议做如下审计调整分录: "m>BE
借:预计负债 3 000 000 k%R(Qga
贷:营业外支出 500 000 ?f= ~Pn+
其他应付款 2 500 000 6zIK%<