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)。 123-i,epg
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: ;9- 4J
(Expressed in RMB thousands) P89Dg/P
FINANCLAL STATEMENTS ITEMS PT=2LZ
20×8 h;mQ%9 Yd
20×7 bx'B;rZr
~"hAb2
Sales YpbdScz
64000 yg
u?w7
48000 '
! 2
A`mf 8'nTG
Cost of sales Lu u-c<*M
54000 'TEwU0<%
42000 { U2|):
vb4G_X0S
Net profit itvy[b-*
30 SJY"]7
-20 374_G?t&
Zzzi\5&gU
,YuWz$aF{
December 31, 20×8 9
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December 31, 20×7 ;L/T}!Dx
n ;$}pg~
Inventory okW)s*7
16000 FPM}:c4
12000 ,
_7tRkn
hJL0M!
Current assets S4AB tKG
60000 :X'U`jE
50000 [&k& $04_
yW7S
}I
Total assets Z6HkQ=A64
100000 '3kL=(
90000 3 %{'Uh,
P#'DG W&W0
Current liabilities ~O3uje
_
20000 _J$p<
18000 8`R}L
& ;x1Rx
Total liabilities ^IegR>
30000 X<bj2
w
25000 Vu8-Cy>Q?
nV6g]#~@
$1`t+0^k
During the audit, John has the following findings: 1Yx[,GyC>&
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: MjeI?k}LJ
Dr. Cash in Bank RMB 5820000 X2mm'JDwK
Dr. Financial Expenses RMB 180000 u\\niCNA
Cr. Notes Receivable RMB 6000000 7'l{I'Z
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ;`Ch2b1+
Dr. Non-operating Expenses RMB 3000000 !wufoK
Cr. Provisions RMB 3000000 %
QcG^R
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 p!5JO4F$
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 q=J;
Dr. Provisions RMB 3000000 '/)_{Ly
Cr. Cash in Bank RMB 2500000 Gt*<?
Cr. Non-operating Income RMB 500000 sA7K ;J})
Required: `x^,k%
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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. d}G."wnG9,
(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: pzp"NKxi
(a)Inventory Turnover Rate in 20×8; HK4`@jYQ
(b)Gross Profit Ratio in 20×8; C4K&flk]
(c)After Tax Return on Total Assets in 20×8; and ?;kc%Rz
(d)Current Ratio as at December 31, 20×8 q|_ 5@Ly
(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. MrjB[3Td
【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。 mI*>7?
以下是未经审计财务报表的部分信息: {xx;zjt%}}
(单位:千元) 9fLP&v
项目 20×8 20×7 BY2txLLB
营业收入 64 000 48 000 $ }bC$?^
营业成本 54 000 42 000 ~8 a>
D<b
净利润 30 -20 n`2"(7Wj
7)X&fV6<8
20×8年12月31日 20×7年12月31日 =-&iF
存货 16 000 12 000 5nw9zW
:'
流动资产 60 000 50 000 wAwH8x LU
总资产 100 000 90 000 zU=[Kc=$
流动负债 20 000 18 000 3cQmxp2*
总负债 30 000 25 000 #NxvLW/
在审计过程中,约翰发现以下事项: ^bw~$*"j#
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: m9i%U
借:银行存款5 820 000 ?B4QTx9B
财务费用 180 000 .aRxqFi_
贷:应收票据6 000 000 tm#y`1-
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: qMj
e,Y
借:营业外支出 3 000 000 B_G7F[/K
贷:预计负债 3 000 000 ~a|Q[tiV]
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ~Q\uP(!D
借:预计负债 3 000 000 R^C;D2
贷:银行存款 2 500 000 5~6y.S
营业外收入 500 000 Sk%|-T(d$
要求: VL1z$<vVXt
(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。 mq}
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(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: jWCC`0
T
(a)20×8年存货周转率 *wx^mB9
(b)20×8年销售毛利率 ,;& PKY
(c)20×8年总资产净利率 jpS#'h
(d)20×8年12月31日的流动比率 &BR?;LD
(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) akoKx)(<
【答案】 FA GVpO[
(1)应选择营业收入作为计算重要性水平的基础。 <GR: 5pJ%
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 L(rjjkH
YZJP7nN
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 u _^=]K;
销售毛利率=(64000-54000)/64000×100%=15.63% FNO
lR>0e
总资产净利率=30/[(100000+90000)/2]=0.03% Sgy~Z^
流动比率=60000/20000=3 '0?E|B]Cp%
(3) +u.L6GcB
a.应建议做如下审计调整分录: 9_dsiM7CT
借:应收票据 6 000 000 zW&W`(
贷:短期借款 5 820 000 FkkB#Jk4
财务费用 180 000
M_uij$1-
b.应建议做如下审计调整分录: gQGiph |
借:预计负债 3 000 000 4<HJD&@V
贷:营业外支出 500 000 6g&nnA
其他应付款 2 500 000 v2g+oKO]