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)。 u@ jX+\
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: S3L~~X/=
(Expressed in RMB thousands) [:xiZ
FINANCLAL STATEMENTS ITEMS 5H=ko8fZ=
20×8 KD/V aN
20×7 z0|&W&&D
*),8PoT
Sales Gpm{m:$L
64000 |
8qBm
48000 Q{k
At%
'9c2Q/
Cost of sales K3\#E/Ox
54000 3 ?Y|
42000 V9ssH87#
)tCX
y4
Net profit ?Ma~^0
30 \*,=S52
-20 n@ w^V
ix#epuN
#gm)dRKm%
December 31, 20×8 :4^\3~i1X
December 31, 20×7 8/0Y vh
P"<U6zM\sP
Inventory 5 H#W[^s"
16000 `"qP
12000 w8g,a]p
J9K3s_SN
Current assets Fg Lrb#
60000 qc#)!
50000 `DT3x{}_S
BTM),
w2
Total assets "5eNLqt^q
100000 aZEn6*0B
90000 cBo{/Tn:
[`]4P&
Current liabilities ljKrj
20000 g;ZxvR)ZJk
18000 S(\9T1DVe
q~o,WZG
Total liabilities y^]tahbo
30000 N)&4Hy
25000 "B_K
XL
0flg=U9
0%)i<a!_Z
During the audit, John has the following findings: 9b?SHzAa
(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: *xp\4;B
Dr. Cash in Bank RMB 5820000 V7TVt,-3
Dr. Financial Expenses RMB 180000 e@{i
Cr. Notes Receivable RMB 6000000 = waA`I
d
(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: *6 _tQ9G
Dr. Non-operating Expenses RMB 3000000 J)mhu}
Cr. Provisions RMB 3000000 -{`@=U
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 8EVgoJ.
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: I|# 5NE6
Dr. Provisions RMB 3000000 _gD
pKEaY
Cr. Cash in Bank RMB 2500000 o[E_Ge}g8
Cr. Non-operating Income RMB 500000 #z1H8CFL"
Required: V'w@rc\XN
(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. kh%{C]".1
(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: !~Q2|r
(a)Inventory Turnover Rate in 20×8; H5D*|42
(b)Gross Profit Ratio in 20×8; N41 R
(c)After Tax Return on Total Assets in 20×8; and g#]wLm#
(d)Current Ratio as at December 31, 20×8 %r4q8-
(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.
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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。 KRjV}\}
以下是未经审计财务报表的部分信息: >AJSqgHQ,
(单位:千元) 7} jWBK
项目 20×8 20×7 ;W>Y:NCrp
营业收入 64 000 48 000 ]0L&v7[
营业成本 54 000 42 000 nk3y"ne7
净利润 30 -20 WoxwEi1~0
X*,Kb(3
20×8年12月31日 20×7年12月31日 |AC1\)2tT
存货 16 000 12 000 "(qw-ki
l
流动资产 60 000 50 000 m[k_>e\u
总资产 100 000 90 000 y*MF&mQ[
流动负债 20 000 18 000 w>b-} t
总负债 30 000 25 000 wp7!>%s{
在审计过程中,约翰发现以下事项: Y'e eA 2O
(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: kp\\"+,VC
借:银行存款5 820 000 42L
@w
财务费用 180 000 JF
/,K"J
贷:应收票据6 000 000 K!,<7[MBg
(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: /t-fjB{=G
借:营业外支出 3 000 000
O0>A+o[1F
贷:预计负债 3 000 000 Hi]cxD*`
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: 5JhdVnT_
借:预计负债 3 000 000 _j_x1.l
贷:银行存款 2 500 000 CkswJ:z)sc
营业外收入 500 000 ;l$ \6T
要求: L4L2O7
(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。 z4 E|Ai
(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: r <
cVp^
(a)20×8年存货周转率 (LHp%LaZ\;
(b)20×8年销售毛利率 e6_ZjrQf
(c)20×8年总资产净利率 {-BRt)L[
(d)20×8年12月31日的流动比率 q64k7<C,
(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) 1wW)tNKIF
【答案】 @xc',I
(1)应选择营业收入作为计算重要性水平的基础。 *%vwM7
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 81*M= ?
,YhdY6
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 z6py"J@
销售毛利率=(64000-54000)/64000×100%=15.63% p\{-t84n
总资产净利率=30/[(100000+90000)/2]=0.03% OIl#
DV.
流动比率=60000/20000=3 -)vEW
n$3<
(3) G^"Vo x4
a.应建议做如下审计调整分录: M,}|tsL
借:应收票据 6 000 000 pWu LfX
贷:短期借款 5 820 000 L#)(H^[
财务费用 180 000 ^t7x84jhL
b.应建议做如下审计调整分录: ?|e'Gbb_
借:预计负债 3 000 000 ^s.V;R
贷:营业外支出 500 000 _Jv
9F8v
其他应付款 2 500 000 PR|R`.QSs