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)。
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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: 2.Z#\6Vj
(Expressed in RMB thousands) Ovx
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FINANCLAL STATEMENTS ITEMS ~lV#- m*
20×8 9Y3"V
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20×7 uUjjAGZ
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Sales wNUT0 +
64000 ;y(;7n_ a
48000 byI"
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Cost of sales sV#%U%un
54000 7I
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42000 2{j$1EdI@-
WD%(RC"Q
Net profit GFT@Pqq
30 G/JGb2I/7|
-20 &KMI C
brTNwRze
+2{ f>KZ
December 31, 20×8 IFBt#]
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December 31, 20×7 #H7
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Inventory u43Mo\"<&%
16000 Zd-qBOB2L
12000 +Kgl/Wg%
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Current assets (RI)<zaK
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60000 3u
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50000 6-\Mf:%B
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Total assets qoZi1,i'
100000 D zD5n
90000 8`L]<Dm
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Current liabilities <6;M\:Y*T
20000 |"K%Tvxe
18000 ;>2-
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Total liabilities n#}@|"J
30000 \SmsS^z(]
25000 HKbV@NW
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During the audit, John has the following findings: >h%>s4W
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: W!HjO;
Dr. Cash in Bank RMB 5820000 FV9{u[3m
Dr. Financial Expenses RMB 180000 HIw)HYF2
Cr. Notes Receivable RMB 6000000 1M`>;fjYa
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: K3vZ42n
Dr. Non-operating Expenses RMB 3000000 1^^{;R7N
Cr. Provisions RMB 3000000 1
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 !F s$W
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: oC
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Dr. Provisions RMB 3000000 S8qg"YR
Cr. Cash in Bank RMB 2500000 *i*\dl
Cr. Non-operating Income RMB 500000 V_
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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. '?$@hqQn
(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: ue3 ].:
(a)Inventory Turnover Rate in 20×8; \\EX'L
(b)Gross Profit Ratio in 20×8; 0(d!w*RpG
(c)After Tax Return on Total Assets in 20×8; and U{dK8~
(d)Current Ratio as at December 31, 20×8 &L0Ii)Ns
(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. ;S^"Y:7)
【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。 zq+2@"q
以下是未经审计财务报表的部分信息: Ru
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(单位:千元) KRGj6g+
项目 20×8 20×7 ~I N g9|
营业收入 64 000 48 000 j8M t"B
营业成本 54 000 42 000
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净利润 30 -20 ?
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20×8年12月31日 20×7年12月31日 Mm,\e6#*
存货 16 000 12 000 jhz*Y}MX
流动资产 60 000 50 000 :o`
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总资产 100 000 90 000 n]vCvmt
流动负债 20 000 18 000 8Mtd}{Fw*
总负债 30 000 25 000 i<m)
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在审计过程中,约翰发现以下事项: zdem}kBIe
(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: _b>z'4_'
借:银行存款5 820 000 <- sr&
财务费用 180 000 vg?(0Gasm*
贷:应收票据6 000 000 k
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(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:
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借:营业外支出 3 000 000 /Q9Cvj)"
贷:预计负债 3 000 000 ~c&sr5E
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: OE[7fDe'
借:预计负债 3 000 000 % dFz[b
贷:银行存款 2 500 000 N/lEfy<&g:
营业外收入 500 000 CC@U'9]bH
要求: IA}vN3
(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。 %gn@B2z
(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: F+VNrt-
(a)20×8年存货周转率 `
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(b)20×8年销售毛利率 _Cf:\Xs
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(c)20×8年总资产净利率 k"7ZA>5jk
(d)20×8年12月31日的流动比率 1r4NP
(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)
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【答案】 4T52vM
(1)应选择营业收入作为计算重要性水平的基础。 ~ecN4Oo4q;
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 @lM-+q(tl
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 G \a`F'Oo
销售毛利率=(64000-54000)/64000×100%=15.63% {8":cn
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总资产净利率=30/[(100000+90000)/2]=0.03% b!MN QGs
流动比率=60000/20000=3 9T2_2
(3) _)LXD,LA
a.应建议做如下审计调整分录: Ht43G
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借:应收票据 6 000 000 AEf[:]i]
贷:短期借款 5 820 000 Tw%1m
财务费用 180 000 w?3ww7yf`
b.应建议做如下审计调整分录:
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借:预计负债 3 000 000 ,|8aDL?
贷:营业外支出 500 000 -1$z=,q'
其他应付款 2 500 000 ?t}s3P!Q3w