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)。 `2Vc*R
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: 03[(dRK>=
(Expressed in RMB thousands) t<x0?vfD
FINANCLAL STATEMENTS ITEMS HBeOK
20×8 .\qZkk}2l
20×7 3-srt^>w*
;L++H5Kz6
Sales &`GQS|
64000 We_/:=
48000 z`5d,M
oj[Wzeg%
Cost of sales 4w\cS&X~C
54000 ^HQg$}=
42000 &p`RK
D
}n oI2.-#
Net profit M+9G^o)u
30 z^O>'9#
-20 vEOoG>'Zq
+.NopI3:
wSBDJvI
December 31, 20×8 rx
CSs
December 31, 20×7 },ef(
j[v<xo
Inventory 9#xcp/O
16000 H~e;S#3_v
12000 la[xbv
$-EbJ
Current assets ZV$qv=X
60000 ?`3`azfM
50000 =6Ihk
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Total assets +K])&}Dw
100000 A90oX1l
90000 EQET:a:g
MyXgp>?~T
Current liabilities *am.NH\
20000 ^?VYE26
18000 _t_X`
Nl"< $/
Total liabilities )#N)w5DU
30000 !
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25000 rfp
eX
MD%_Z/NL
D9*GS_K2t
During the audit, John has the following findings: ]g2Y/\)a
(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: b7^VWX%
Dr. Cash in Bank RMB 5820000 |<t"O
Dr. Financial Expenses RMB 180000 prV:Kq ;O
Cr. Notes Receivable RMB 6000000 DBI[OG9
(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: |$`)d87,
Dr. Non-operating Expenses RMB 3000000 zB kS1qMn
Cr. Provisions RMB 3000000 M}k t q)
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 yZE"t[q#O
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: llXyM */
Dr. Provisions RMB 3000000
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Cr. Cash in Bank RMB 2500000 QWp,(Mv:r
Cr. Non-operating Income RMB 500000 SQ9s
Required: yCy4t6`e
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. q$ (@
(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: %6}S1fuA
(a)Inventory Turnover Rate in 20×8; gNY}`'~hr
(b)Gross Profit Ratio in 20×8; jO)UK.H#
(c)After Tax Return on Total Assets in 20×8; and BWamF{\d1a
(d)Current Ratio as at December 31, 20×8 {f3&s4xj=
(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. FI
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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。 ? >SC:{(
以下是未经审计财务报表的部分信息: K+5S7wFDZ
(单位:千元) mf^=tZ
项目 20×8 20×7 0!!b(X(
营业收入 64 000 48 000 03Pa; n
营业成本 54 000 42 000 G%_6"s
净利润 30 -20 {p&LwTnf
xL,Lb}
){%
20×8年12月31日 20×7年12月31日 Bvj-LT=)
存货 16 000 12 000 g!;k$`@{E'
流动资产 60 000 50 000 ]PJb 9$f2
总资产 100 000 90 000 mojD
流动负债 20 000 18 000 !*_5 B'
总负债 30 000 25 000 ,iY/\
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在审计过程中,约翰发现以下事项: Hg\+:}k&9
(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: xs_l+/cZ
借:银行存款5 820 000 ;O5p>o
财务费用 180 000 %T4htZa
贷:应收票据6 000 000 I?nj_ as
(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: Ao~ZK[u
借:营业外支出 3 000 000
Xo]QV.n
贷:预计负债 3 000 000 28J
;9
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: <8nl}^d5
借:预计负债 3 000 000 {Hxvt~P
贷:银行存款 2 500 000 6UOV,`:m+
营业外收入 500 000 H-$ )@
要求: chv0\k"'
(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。 \,| Xz|?C
(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: s\A"B#9r
(a)20×8年存货周转率 HL-zuZa`Ju
(b)20×8年销售毛利率 p_T>"v
(c)20×8年总资产净利率 SA@MJ>Z
(d)20×8年12月31日的流动比率 R
L&z\S
(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) C,T9xm
【答案】 vcTWe$;Q
(1)应选择营业收入作为计算重要性水平的基础。 ov>Rvy
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 EooQLZ
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 O]rAo
销售毛利率=(64000-54000)/64000×100%=15.63% SJ$N]<d
总资产净利率=30/[(100000+90000)/2]=0.03% AW3\>WC
流动比率=60000/20000=3 )2t!=
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(3) .zxP,]"l
a.应建议做如下审计调整分录: Ba==Ri8$
借:应收票据 6 000 000 3NRxf8
贷:短期借款 5 820 000 /c/t_xB
财务费用 180 000 ljg2P5
b.应建议做如下审计调整分录: IH|PdVNtg
借:预计负债 3 000 000 _q*4+x
贷:营业外支出 500 000 m:|jv|f
其他应付款 2 500 000 z*?-*6W