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)。 0P;\ :-&p
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: |d=GAW
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(Expressed in RMB thousands) ,%U\@*6=
FINANCLAL STATEMENTS ITEMS cXK.^@du
20×8 ]3uj~la
20×7 g#o9[su
. dJBv
Sales w!OYH1ds]_
64000 r ?z}TtDp
48000 gUme({h&|
Mg&<W#$K
Cost of sales sU/vXweky"
54000 R#!Urhh
42000 = VMELk!z
UQjYWXvi
Net profit bSa]={}L(
30 ]j]<CqG
-20 Kf`/ Gc!
-_bDbYL
Fi#
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December 31, 20×8 t:n$
9WB)
December 31, 20×7 3|D .r-Q
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Inventory f/U~X;
16000 |{La@X
12000 5m\)82s
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Current assets kNX8y--
60000 x^McUfdr|
50000 zb.sh
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Total assets z&z5EtFUTh
100000 Lm+E? Ca
90000 +1c[!;'
7Ac.^rv5
Current liabilities [X kWPx`
20000 o)8VJ\ &
18000 XpPcQIM*
(O/W`qo
Total liabilities =69sWcC8
30000 ?(M]'ia{
25000 1jd.tup
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During the audit, John has the following findings: eF?jNO3
(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: f6m
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Dr. Cash in Bank RMB 5820000 B/B`=%~5_^
Dr. Financial Expenses RMB 180000 C|]Zpn#{K
Cr. Notes Receivable RMB 6000000 WLH ;{
(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: 57EL&V%j
Dr. Non-operating Expenses RMB 3000000 CKX3t:HP0
Cr. Provisions RMB 3000000 yO@@-)$[y
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 #
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: rd,!-w5
Dr. Provisions RMB 3000000 1";s#Jq
Cr. Cash in Bank RMB 2500000 "ZuA._
Cr. Non-operating Income RMB 500000 xu>grj
Required: lU`t~|>r+
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. U-D00l7C
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: D8`SI21P
(a)Inventory Turnover Rate in 20×8; =FQH5iSd
(b)Gross Profit Ratio in 20×8; f||S?ns_
(c)After Tax Return on Total Assets in 20×8; and Th4}$)yrkN
(d)Current Ratio as at December 31, 20×8 u ^M'[<{
(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. tUGF8?&
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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。
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以下是未经审计财务报表的部分信息: IV%Rph>d
(单位:千元) oAvLSFn
项目 20×8 20×7 rpEN\S%7P
营业收入 64 000 48 000 6 kD.
营业成本 54 000 42 000 2B+qS'OT
净利润 30 -20 fIn^a3TV
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20×8年12月31日 20×7年12月31日 w`atk=K
存货 16 000 12 000 }/jWa|)f
流动资产 60 000 50 000 Q1(4l?X@
总资产 100 000 90 000 N w/it
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流动负债 20 000 18 000 QFFFxaeJg
总负债 30 000 25 000 pz"}o#R"x
在审计过程中,约翰发现以下事项: (Mw+SM3<
(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: ~DS.b-E
借:银行存款5 820 000 NzS`s,N4/0
财务费用 180 000 ED>P>Gg
贷:应收票据6 000 000 Us_1 #$p,
(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: M3eFG@,
借:营业外支出 3 000 000 /$9We8
贷:预计负债 3 000 000 FLIU}doc
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: Dn`
借:预计负债 3 000 000 <&tdyAT?&
贷:银行存款 2 500 000 /Eu|Jg=I
营业外收入 500 000
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要求: PoLk{{l3
(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。 3 ;AJp_;
(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: DH)E9HL
(a)20×8年存货周转率 DeI3(o7
(b)20×8年销售毛利率 t(}g;O-
(c)20×8年总资产净利率 ~VV $wU
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(d)20×8年12月31日的流动比率 cGlpJ)'-{
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) NTVaz.
【答案】 GE=PaYz
(1)应选择营业收入作为计算重要性水平的基础。 *hh9
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 cI-@
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 %zO>]f&
销售毛利率=(64000-54000)/64000×100%=15.63%
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总资产净利率=30/[(100000+90000)/2]=0.03% @S 0mNA
流动比率=60000/20000=3 T/:6Z
(3) NHe[,nIV
a.应建议做如下审计调整分录:
Az/B/BLB
借:应收票据 6 000 000 X2{Aa T*M
贷:短期借款 5 820 000 >?.jN|
财务费用 180 000 ~.z82m
b.应建议做如下审计调整分录: .UvDew
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借:预计负债 3 000 000 gL`aLg_
贷:营业外支出 500 000 Hk$do`H-=Y
其他应付款 2 500 000 lUw=YM