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)。 #t
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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: ,pW^>J
(Expressed in RMB thousands) YL[y3&K
FINANCLAL STATEMENTS ITEMS (D+%*ax
20×8 9~ifST\
20×7 FH;)5GGnv
bf[l4$3k
Sales Iapzh y2l
64000 clr]gib
48000 HBw0N?
%
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Cost of sales fJi?~[5<
54000 Nt[&rO3s
42000 RC!T1o~L
1+-F3ROP
Net profit ^!O2Fw
30 jQ(%LYX$
-20 3>z+3!I z
xCMuq9zt@
Tn$|
Xa+:s
December 31, 20×8 lPz5.(5'
December 31, 20×7 Q
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Inventory +:z%#D
16000 , qhv(
12000 ,UD5>Ai
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Current assets Ll^9,G"Tt
60000 -AKbXkc~\
50000 y{nX 6
KpO%)M!/Z#
Total assets [wJl]i
100000 TJs@V>,
90000 nm<S
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Current liabilities b*< *,Ds/G
20000 4
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18000 ,Lw
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B.
Total liabilities }5"19
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30000 ' @j8tK
25000 *Rj*%S
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3.
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During the audit, John has the following findings: 6r)qM)97
(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: u8[jD^
Dr. Cash in Bank RMB 5820000 v=+> ids
Dr. Financial Expenses RMB 180000 &E!-~'|z
Cr. Notes Receivable RMB 6000000 nZUBblRJ)
(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: {7FD-Q[tS
Dr. Non-operating Expenses RMB 3000000 PPNZ(j
Cr. Provisions RMB 3000000 [0n&?<<
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 No)@#^
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: 79MB_Is]s
Dr. Provisions RMB 3000000 =[^_x+x
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Cr. Cash in Bank RMB 2500000 fkr;
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Cr. Non-operating Income RMB 500000 YZ+<+`Mz<
Required:
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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. [2ZZPY9?Q
(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: a7l-kG=R;
(a)Inventory Turnover Rate in 20×8; 6.GIUM%D
(b)Gross Profit Ratio in 20×8; [Uu!:SZ
(c)After Tax Return on Total Assets in 20×8; and 0CUUgwA/
(d)Current Ratio as at December 31, 20×8 ]i:O+t/U
(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. -"3<Ll
【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。 *A
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以下是未经审计财务报表的部分信息: y]E ?\03"
(单位:千元) _{'HY+M
项目 20×8 20×7 9Vv&\m!0
营业收入 64 000 48 000 \9dC z;
营业成本 54 000 42 000 ?QCHkhU
净利润 30 -20 D|!^8jHj
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20×8年12月31日 20×7年12月31日 $+ ?A[{JG
存货 16 000 12 000 _&6&sp<n
流动资产 60 000 50 000 *Z"(K\1TH
总资产 100 000 90 000
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流动负债 20 000 18 000 l=<
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总负债 30 000 25 000 | (a<b
在审计过程中,约翰发现以下事项: KA$l.6&d
(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: |7l*
借:银行存款5 820 000 kVe_2oQ_>
财务费用 180 000 ^ $t7p
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贷:应收票据6 000 000 ~*h` ?A0
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: %8yX6`lH
借:营业外支出 3 000 000 ?I.<mdhN#t
贷:预计负债 3 000 000 ^++ec>
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: u4[3JI>
借:预计负债 3 000 000 ?yt"
贷:银行存款 2 500 000 3?GEXO&,E
营业外收入 500 000 Af>Ho"i
要求: 9:tKRN_D
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 cB9`U4<
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: S_B;m
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(a)20×8年存货周转率 v-@xO&<
(b)20×8年销售毛利率 ,-*oc>
(c)20×8年总资产净利率 Jm8#M z
(d)20×8年12月31日的流动比率
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(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) L7tC?F]}SK
【答案】 @cZNoD
(1)应选择营业收入作为计算重要性水平的基础。 fu 95-)M
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 <t0o{}^P*
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 6uf+,F
销售毛利率=(64000-54000)/64000×100%=15.63% dF%sD|<)
总资产净利率=30/[(100000+90000)/2]=0.03% 4
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流动比率=60000/20000=3 )5U&^tJ
(3) IU`&h2KZ.
a.应建议做如下审计调整分录: agFWye
借:应收票据 6 000 000 )_nc;&%w
贷:短期借款 5 820 000 VL/%D*
财务费用 180 000 L
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b.应建议做如下审计调整分录: ,IW$XD
借:预计负债 3 000 000 *a7&v3X
贷:营业外支出 500 000 u;Q'xuo3
其他应付款 2 500 000 X,
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