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)。 0czEA
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: 5
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(Expressed in RMB thousands) JL=s=9N;3
FINANCLAL STATEMENTS ITEMS @u1mC\G
20×8 ;@/vKA3l.
20×7 qlg?'l$03)
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Sales FQ
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64000 KY9&Ky+2 B
48000 NGAjajB
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Cost of sales /9<62F@zJ"
54000 9V?:!%J
42000 7NP
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Net profit ^
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30 Nrfj[I
-20 FQO>%=&4
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December 31, 20×8 R zn%!d^$>
December 31, 20×7 vFH1hm
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Inventory ^ jT1q_0
16000 o0FVVS l
12000 VN
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Current assets qAirH1#
60000 &)F#cVB
50000 !--A"
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Total assets (nt=
100000 5u^;7
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90000 NSDls@m
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Current liabilities b:YyzOqEu
20000
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18000 {"@E_{\
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Total liabilities #(o( p
30000 PXDwTuyc
25000 lPOcX'3\
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During the audit, John has the following findings: x
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(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: =J827c{.
Dr. Cash in Bank RMB 5820000 O
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Dr. Financial Expenses RMB 180000
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Cr. Notes Receivable RMB 6000000 JB(P-Y#yyA
(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: Vv~:^6il
Dr. Non-operating Expenses RMB 3000000 6),VN>j
Cr. Provisions RMB 3000000 [B" CN
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 v@;!fBUt
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: 07qL@![!
Dr. Provisions RMB 3000000
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Cr. Cash in Bank RMB 2500000 bT#re
Cr. Non-operating Income RMB 500000 4KT-U6zNx
Required: '(&,i/O
(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. 0OPpA Ll
(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: <s(<ax30
(a)Inventory Turnover Rate in 20×8; B4ky%gF4
(b)Gross Profit Ratio in 20×8; n;0x\Q|S
(c)After Tax Return on Total Assets in 20×8; and .80L>0
(d)Current Ratio as at December 31, 20×8 D_-<V,
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(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. P4.snRQ
【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。 b8TwV_&|X
以下是未经审计财务报表的部分信息: ey! {
(单位:千元) ~@N0$S
项目 20×8 20×7 &~a/Upz0]_
营业收入 64 000 48 000 F]7$Y
营业成本 54 000 42 000 @T8$/
净利润 30 -20 fk
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20×8年12月31日 20×7年12月31日 IiRII)
存货 16 000 12 000 (#%R'9Rv
流动资产 60 000 50 000 wC4:OJ[d
总资产 100 000 90 000 eK'ztqQ
流动负债 20 000 18 000 P},d`4Ty@
总负债 30 000 25 000 7(<z= F
在审计过程中,约翰发现以下事项: *m9,_~t
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: &a];"2
借:银行存款5 820 000 @gHWU>k,A
财务费用 180 000 Lyj0$wbH`
贷:应收票据6 000 000 h!UB#-
(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: ~<&47'D
借:营业外支出 3 000 000 \`$RY')9|!
贷:预计负债 3 000 000 %9P)Okq
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: yHt
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借:预计负债 3 000 000 V=DT.u
贷:银行存款 2 500 000 ';OZP2
营业外收入 500 000 9;k!dM
要求: SB\T
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 /pOK4"
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 1X$hwkof
(a)20×8年存货周转率 6m!%X GZT
(b)20×8年销售毛利率 (XJ0?;js=
(c)20×8年总资产净利率 +ZxG<1&
(d)20×8年12月31日的流动比率 E]26a,^L
(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) T%p/(
【答案】 =zX
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(1)应选择营业收入作为计算重要性水平的基础。 6fr@y=s2:
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 #pm0T1+jW
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 r7=r~3)
销售毛利率=(64000-54000)/64000×100%=15.63% ?Pw(
总资产净利率=30/[(100000+90000)/2]=0.03% iQnIk|8
流动比率=60000/20000=3 XexslzI
(3) "G,$Sqi@
a.应建议做如下审计调整分录: _]~=
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借:应收票据 6 000 000 7)y9%-}
贷:短期借款 5 820 000 84uHK)h<%
财务费用 180 000 AyUiX2=w1
b.应建议做如下审计调整分录: l{b*YUsz>
借:预计负债 3 000 000 !p#+I=
贷:营业外支出 500 000 M7 Z9(3Va
其他应付款 2 500 000 :Kt'Fm,s?