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)。 Z`3ufXPNlO
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: -G,^1AL>
(Expressed in RMB thousands) Jw~( G9G
FINANCLAL STATEMENTS ITEMS V0nn4dVO
20×8 [#YE^[*qK
20×7 ;O 0+,
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Sales C6_@\&OA
64000 t?nX=i*~]
48000 |+ge8uu?C
yk2 !8
Cost of sales ;d$qc<2uA
54000 xyr+_k-x&q
42000 TO,rxf
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Net profit P\CDd=yWc
30 A~nf#(!^]
-20 ~](fFa{
Ch
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p#f+P?
December 31, 20×8 (yo;NKq,@
December 31, 20×7 6I_Hd>4
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Inventory
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16000 a:YI"*S
12000 m\/(w_/?
ZWV|# c<G
Current assets z<gu00U7
60000 E99CmG|"
50000 t"j|nz{m
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Total assets !A8^Xmz"
100000 o
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90000 'cDx{?
PZ8U6K'
Current liabilities pO<-.,
20000 O$`UCq
18000 Uh.Zi3X6}6
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Total liabilities KRsAv^']
30000 O gmO&c
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25000 gJ2
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uQ
LlA&I"
{mE! Vf
During the audit, John has the following findings: #y]3LC#)^G
(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: R4%P:qM
Dr. Cash in Bank RMB 5820000 [-*F"}D,
Dr. Financial Expenses RMB 180000 !/K8xD$
Cr. Notes Receivable RMB 6000000 k6IG+:s
(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: dEM?~?
Dr. Non-operating Expenses RMB 3000000 cd;NpN
Cr. Provisions RMB 3000000 SN+S6
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 NCA{H^CL
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: !a1i Un9
Dr. Provisions RMB 3000000 r0m)j
Cr. Cash in Bank RMB 2500000 j&6 jRX
Cr. Non-operating Income RMB 500000 M/V(5IoP(
Required: g(0;[#@
(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. iZ[tHw||
(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: Y ?]G}5
(a)Inventory Turnover Rate in 20×8; 9Z\z96O-
(b)Gross Profit Ratio in 20×8; ]8 U ~Iy
(c)After Tax Return on Total Assets in 20×8; and c)C 5KaiPG
(d)Current Ratio as at December 31, 20×8 ;i#LIHJ
(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. go)p%}s
【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。 oL/o*^
以下是未经审计财务报表的部分信息: Tc
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(单位:千元) yt.c5>B^
项目 20×8 20×7 a j|5 #
营业收入 64 000 48 000 #_Ea[q7v
营业成本 54 000 42 000 7INk_2
净利润 30 -20 eNySJf
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20×8年12月31日 20×7年12月31日 FN"rZWM
存货 16 000 12 000 nR5bs;gk"
流动资产 60 000 50 000 #G_/.h@
总资产 100 000 90 000 <D /a l9
流动负债 20 000 18 000 [ET6(_=b
总负债 30 000 25 000 (b/d0HC
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在审计过程中,约翰发现以下事项: G=M] 8+h
(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: ~
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借:银行存款5 820 000 GCE!
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财务费用 180 000 bLG ]Wa
贷:应收票据6 000 000 eFQQW`J
(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: #!!AbuhzK{
借:营业外支出 3 000 000 _[E \=
贷:预计负债 3 000 000 f[/.I,9U^
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: L@|#Bbmx
借:预计负债 3 000 000 \ 3NS>v[1
贷:银行存款 2 500 000 }6~)bLzI}
营业外收入 500 000 +}!DP~y+
要求: |paP<$
(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。 2tr
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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: +80 2`eax
(a)20×8年存货周转率 QJ4AL3
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(b)20×8年销售毛利率 uIP
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(c)20×8年总资产净利率 '_Wt}{h
(d)20×8年12月31日的流动比率 D?u`
(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) @[r ={s\
【答案】 ?M&4pO&Y
(1)应选择营业收入作为计算重要性水平的基础。 _%IqjJO{=r
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 dXP6"V@i
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 <%!J?
销售毛利率=(64000-54000)/64000×100%=15.63% RebTg1vGu
总资产净利率=30/[(100000+90000)/2]=0.03% #4y,
a_)
流动比率=60000/20000=3 QP\yaPE
(3) ^tE_LL+ji|
a.应建议做如下审计调整分录: Qyj(L[K J
借:应收票据 6 000 000 \REc8nsLy
贷:短期借款 5 820 000 SMq9j,k
财务费用 180 000 _^;;i4VZ
b.应建议做如下审计调整分录: Yn1?#%%
借:预计负债 3 000 000 '0Zm#g
贷:营业外支出 500 000 LP>UU ,Z
其他应付款 2 500 000 B
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