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)。 H U|.5tP
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: HN5m %R&`
(Expressed in RMB thousands) M!UTqf7XL
FINANCLAL STATEMENTS ITEMS mmAm@/
20×8 )h{&O
,s
20×7 [XfR`@
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Sales oL<#9)+2*
64000 m&.LJ*uM\K
48000 9wgB JJl7
4T@:_G2b
Cost of sales u6qK4*eAD
54000 p4'
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42000 ej
ROJXB
LW %AZkAx
Net profit YG "Ta|@5
30 $~/2!T_
-20 NB-dlv1
z;c>Q\Q
LK^|JE u
December 31, 20×8 t un}rdb
December 31, 20×7
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$^Fl*:6
Inventory {keZ_2
16000 tcD7OC:"
6
12000 LD$5KaOW
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Current assets K`4rUEf}V"
60000 p@<Q?
50000 `c`VIq?
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Total assets 44]s`QyG
100000 L.Y3/H_
90000 `+7F H
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Current liabilities [GwAm>k
20000
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18000 #8$?#
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MqyjTY::Xg
Total liabilities ke4E1T-1n
30000 o2/:e
25000 6x+ujUBkK
{15j'Qwm
pwFp<O"
During the audit, John has the following findings: >p_W(u@ z$
(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: H;Wrcf2
Dr. Cash in Bank RMB 5820000 -'rdN i
Dr. Financial Expenses RMB 180000 =%Y1] F
Cr. Notes Receivable RMB 6000000 n
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(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: 'o AmA=
Dr. Non-operating Expenses RMB 3000000 W5*ldXXk
Cr. Provisions RMB 3000000 =|t-0'RsN
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 cc@W
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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: @Jt$92i5PS
Dr. Provisions RMB 3000000 JGs:RD'
Cr. Cash in Bank RMB 2500000 ^Hd[+vAvR
Cr. Non-operating Income RMB 500000 #mxOwvJ
Required: VtBC~?2U)B
(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. ClG%zE&i
(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: GO"`{|o
(a)Inventory Turnover Rate in 20×8; inP2y ?j
(b)Gross Profit Ratio in 20×8; agIqca;
(c)After Tax Return on Total Assets in 20×8; and N5Js.j>z
(d)Current Ratio as at December 31, 20×8 ~Y 6'sM|
(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. 0w?da~
【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。 Hon2;-:]{]
以下是未经审计财务报表的部分信息: eYOY
(单位:千元) Nx}nOm
项目 20×8 20×7 ["-rDyP
营业收入 64 000 48 000 OO:S2-]Y>e
营业成本 54 000 42 000 4TtC~#D:
净利润 30 -20 (gt\R}
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20×8年12月31日 20×7年12月31日 r\NqY.U&
存货 16 000 12 000 X+X:nL.t
流动资产 60 000 50 000 mm/\\my
总资产 100 000 90 000 rRTKF0+
流动负债 20 000 18 000 p`tz
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总负债 30 000 25 000 K'A+V
在审计过程中,约翰发现以下事项: i7x&[b
(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: byHc0ktI\
借:银行存款5 820 000 ,d"T2Hy
财务费用 180 000 Z8v\>@?5R
贷:应收票据6 000 000 g~lv/.CnA+
(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: 0'^M}&zCi
借:营业外支出 3 000 000 YteIp'T
贷:预计负债 3 000 000 H.5
6
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: 'gwh:
借:预计负债 3 000 000 7)?C+=,0
贷:银行存款 2 500 000 {X
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营业外收入 500 000 'L /)9.29
要求: 7 N}@zPAZ
(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。 L&\W+k
(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: ($di]lbsT
(a)20×8年存货周转率 JrP`u4f_
(b)20×8年销售毛利率 a>4/2
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(c)20×8年总资产净利率 ~q>jXi
(d)20×8年12月31日的流动比率 vNO&0
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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) TWP@\ BQ
【答案】 UZdnsG7
(1)应选择营业收入作为计算重要性水平的基础。 aDS:82GMQ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 w,%"+tY_
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 c`E>7Hjr-
销售毛利率=(64000-54000)/64000×100%=15.63% ;,y_^-h;
总资产净利率=30/[(100000+90000)/2]=0.03% z)Rkd0/X
流动比率=60000/20000=3 GM|&,}
(3) ,&[o:jTk
a.应建议做如下审计调整分录: dc$zW^i
借:应收票据 6 000 000 Hav &vV
贷:短期借款 5 820 000 pY&6p~\p
财务费用 180 000 <spG]Xa<
b.应建议做如下审计调整分录: e$
LC
借:预计负债 3 000 000 :ez76oGyc
贷:营业外支出 500 000 s_^`t+5
其他应付款 2 500 000
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