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)。 Hh<3k- *d
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: #;#r4sJwU
(Expressed in RMB thousands) Kr*s]O
FINANCLAL STATEMENTS ITEMS OGC|elSM
20×8 R\+O.vX
20×7
4 <&8`Q
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Sales (_Ld^^|
64000 [p%OIqC`pB
48000 2Y+8!4^L
a
*YhX6J1
Cost of sales :2\H>^uV
54000 m&h5u,
42000 o (OC3
~H0WHqcy
Net profit P!Mz5QZ+
30 q%/ciPgE
-20 wU|Y`wJmF
ua'dm6",:
3}}#'5D
December 31, 20×8 aJ"Tt>Y[.~
December 31, 20×7 wW1E
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Inventory ?b&~(,A{
16000 <<Fk[qMA
12000 05+uBwH
xzGs%01]
Current assets wF`9}9q
60000 &>!WhC16
50000 9bDxml1
,B,2t u2
Total assets Ef}rMkv
100000 <AzM~]"3
90000 mB:I8g7
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Current liabilities `_+j+
20000 aXSTA,%
18000
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`GG PkTN
Total liabilities
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30000 0CYm%p8!
25000 qP"<vZ
@'K+
9tnW:Nw~
During the audit, John has the following findings: Cu%|}xq
(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: LZ@4,Uj
Dr. Cash in Bank RMB 5820000 *(~=L%s
Dr. Financial Expenses RMB 180000 e3
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Cr. Notes Receivable RMB 6000000 ya9V+/i7T_
(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: h4x RRyK
Dr. Non-operating Expenses RMB 3000000 V0]6F
Cr. Provisions RMB 3000000 d.7pc
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 GlDl0P,*r
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: 7[l
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Dr. Provisions RMB 3000000 +^c;4-X
0
Cr. Cash in Bank RMB 2500000 Hm?zMyO.k
Cr. Non-operating Income RMB 500000 o
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Required: _Z:WgO].
(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. (+Yerc.NQt
(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: /lQGFLZL
(a)Inventory Turnover Rate in 20×8; nnU
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(b)Gross Profit Ratio in 20×8; T/%s7!E
(c)After Tax Return on Total Assets in 20×8; and BO b#9r
(d)Current Ratio as at December 31, 20×8 O; qerE?i`
(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. H1,;Xrm
【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。 y@|gG&f
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以下是未经审计财务报表的部分信息: H\f.a R=
(单位:千元) ]F@XGJN
项目 20×8 20×7 a&Ti44a[
营业收入 64 000 48 000 +fd^$Qd%K
营业成本 54 000 42 000 gE/O29Y
净利润 30 -20 1)aB']K%
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20×8年12月31日 20×7年12月31日 <Gy)|qpK[
存货 16 000 12 000 @l0#C5(:
流动资产 60 000 50 000 uvK1gJrA)
总资产 100 000 90 000 ^/wvHu[#
流动负债 20 000 18 000 zR'lQ<u
总负债 30 000 25 000 F z_SID
在审计过程中,约翰发现以下事项: \e5bxc
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: i#t)tM"
借:银行存款5 820 000 (Ck|RojC
财务费用 180 000 9=D\xBd|w
贷:应收票据6 000 000 @)>9l&
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: lPh>8:qFM
借:营业外支出 3 000 000 ZB'/DO=i
贷:预计负债 3 000 000 a _YE[6
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: K .cMuh
借:预计负债 3 000 000 7m6@]S6
贷:银行存款 2 500 000 nf5Ld"|%9
营业外收入 500 000 [N}:Di,S
要求: -{i;!XE$SR
(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。 ?|8H|LBIr
(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: Y!LcS48X
(a)20×8年存货周转率 swvn*xr
(b)20×8年销售毛利率 <im
BFw
(c)20×8年总资产净利率 5!r?U
(d)20×8年12月31日的流动比率 (
w(GJ/g
(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) I| qoH N,g
【答案】 W'2|hP
(1)应选择营业收入作为计算重要性水平的基础。 qALlMj--m
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 LL+ROX^M
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 sO~:e?F
销售毛利率=(64000-54000)/64000×100%=15.63% gaaW:* *y
总资产净利率=30/[(100000+90000)/2]=0.03% 7z'l}*FRD
流动比率=60000/20000=3 lzz rzx^
(3) =PiDZS^"
a.应建议做如下审计调整分录: "VxZ
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借:应收票据 6 000 000 P
agzp%m
贷:短期借款 5 820 000 q;a`*gX^
财务费用 180 000 TC1#2nE&T
b.应建议做如下审计调整分录: " d3pkY
借:预计负债 3 000 000 XUmL 8
贷:营业外支出 500 000 JPQ[JD^]
其他应付款 2 500 000 OPR+K ?