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)。 F"k.1.
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: X
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(Expressed in RMB thousands) 0KQDw
FINANCLAL STATEMENTS ITEMS [-*1M4D9
20×8 HX(Z(rcI
20×7 QR+{Yp
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Sales l20fA-T
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64000 d'4^c,d
48000 HFr#Ql>g
O$2= Z
Cost of sales @.PVUP
54000 VOj{&O2c
42000 +EtL+Y(U
a2{nrGD
Net profit vUX(h.}8
30 9&>)4HNd?
-20 2Op\`Ht&
o:E_k#
Fi
I(cy<ey+e
December 31, 20×8 >8pmClVvmR
December 31, 20×7 :2qUel\PEC
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Inventory 3kl<~O|Fs
16000 K,VN?t<h
12000 ~(BvIzzD
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Current assets zSpL^:~
60000 NaR/IsN8%
50000 )<.BN
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Total assets @dy<=bh~
100000 ,r&:C48dI
90000 $qoh0$
lcv&/ A
Current liabilities F|eKt/>e
20000 8f^QO:
18000 PWwz<AI+
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Total liabilities bD&^-&
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30000 1kiS."77x
25000 #hA]r.
M!{;:m28X!
C&&*6E
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During the audit, John has the following findings: /``4!jU
(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: bVB_KE
Dr. Cash in Bank RMB 5820000 5pOb;ry")`
Dr. Financial Expenses RMB 180000 #s'UA!)
Cr. Notes Receivable RMB 6000000 0I8w'/s_g9
(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: @AXRKYQ{t
Dr. Non-operating Expenses RMB 3000000 w3l+BUn:X
Cr. Provisions RMB 3000000 {HJzhIgCf
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 0 >
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: x
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Dr. Provisions RMB 3000000 A]z~Dw3
Cr. Cash in Bank RMB 2500000 B1EI'<S
Cr. Non-operating Income RMB 500000 &0E>&1`7
Required: qoNVp7uv
(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. (XQBBt
(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: k/"^W.B aj
(a)Inventory Turnover Rate in 20×8; Ya#,\;dTT
(b)Gross Profit Ratio in 20×8; 7XZ5CX&
(c)After Tax Return on Total Assets in 20×8; and 9]ga\>v
(d)Current Ratio as at December 31, 20×8 }b//oe7
(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. *PXlb
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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。 CXb-{|I}d
以下是未经审计财务报表的部分信息: L(p{>Ykcc
(单位:千元) `
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项目 20×8 20×7
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营业收入 64 000 48 000 n9Mi?#xIp
营业成本 54 000 42 000 7e{w)m:A
净利润 30 -20 9@nDXZPY&
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20×8年12月31日 20×7年12月31日 XHX\+&6
存货 16 000 12 000 C^}2::Qu
流动资产 60 000 50 000 "T*
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总资产 100 000 90 000 5h"moh9tG
流动负债 20 000 18 000 SR,id B&i
总负债 30 000 25 000 bN Ub
在审计过程中,约翰发现以下事项:
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(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: fM[Qn
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借:银行存款5 820 000 ~1x,m.f8
财务费用 180 000 g4NxNjM;
贷:应收票据6 000 000 (J c} K
(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: ?s4-2g
借:营业外支出 3 000 000 3DNw=Ic0k
贷:预计负债 3 000 000 ZnX]Q+w
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: r<Il;?S6
借:预计负债 3 000 000 !xU1[,9
贷:银行存款 2 500 000 _\HMF
营业外收入 500 000 6x1!!X+)+
要求: nqG9$!k^t
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Z9:erKT
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: '6^20rj
(a)20×8年存货周转率 NWuJ&+gcO5
(b)20×8年销售毛利率 F9hh- "(Z
(c)20×8年总资产净利率 >s@*S9cj:
(d)20×8年12月31日的流动比率 .hYrE5\-
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) N5 BC<pu
【答案】 JGP<'6"L$
(1)应选择营业收入作为计算重要性水平的基础。 7Z-'@m
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 EhEUkZE3)
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 _JlbVe[<
销售毛利率=(64000-54000)/64000×100%=15.63% ZI'MfkEZ*
总资产净利率=30/[(100000+90000)/2]=0.03% fS08q9,S /
流动比率=60000/20000=3 q
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(3) 6mP
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a.应建议做如下审计调整分录: K;%P_f/KJP
借:应收票据 6 000 000 vvJ{fi
贷:短期借款 5 820 000 (x}>tm
财务费用 180 000 mv7><C
b.应建议做如下审计调整分录: ?(9/V7HQ.5
借:预计负债 3 000 000 -E6#G[JJ
贷:营业外支出 500 000 _ >)+
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其他应付款 2 500 000 (=v :@\r