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)。 bxBndxl
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: n!lE|if
(Expressed in RMB thousands) npbf>n^R
FINANCLAL STATEMENTS ITEMS </SO#
g^r<
20×8 f.E{s*z
>
20×7 :O?3lj)
9;`hJ!r
Sales nr(C*E
64000 knb0_nA
48000 ^EW6}oj[
V>UlL&V
Cost of sales CDr0QM4k:.
54000 %zDi|WZ
42000 P=y1qq
C
O0bOv S
Net profit 1:./f|m
30 n* .<L
-20 B)0;gWK
bX5/xf$q
73{<;z}i
December 31, 20×8 - ku8n%u
December 31, 20×7 /c4$m3?]
<KStlfX
Inventory h7m$P
^=U
16000 }>3jHWxLc
12000 *7#5pT~
r/0AM}[!*j
Current assets }/IP\1bG
60000 nf:wJ-;*
50000 [i>D|X
9'|_1Q.b^
Total assets ST4[d'|j
100000 hQvI}
90000 B2WPbox
vAOThj)
Current liabilities mQ<Vwx0
20000 `}a-prT<f
18000 G
W7+#
A,7* 52U
Total liabilities mT
;
30000 \`-xxhb?e
25000 kn`O3cW/
B&EUvY '
%/_E8GE
During the audit, John has the following findings: d*@K5?O.
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ldRq:M5z
Dr. Cash in Bank RMB 5820000 V
~Jt
Dr. Financial Expenses RMB 180000 Wi~?2-!
Cr. Notes Receivable RMB 6000000 xsvJjs;=
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: A-M6MW
Dr. Non-operating Expenses RMB 3000000 'c
>^Aai
Cr. Provisions RMB 3000000 6J cXhlB`
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 >J:liB|(
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: _b *gg
Dr. Provisions RMB 3000000 ogV v 8Xb
Cr. Cash in Bank RMB 2500000 eF4f7>5Cv
Cr. Non-operating Income RMB 500000 ^t`0ul]c
Required: ~;t/VsgGW
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ws$kwSHq
(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: fOP3`G^\
(a)Inventory Turnover Rate in 20×8; y3P4]sq
(b)Gross Profit Ratio in 20×8; crgVedx~}
(c)After Tax Return on Total Assets in 20×8; and 3 k/X;:,.
(d)Current Ratio as at December 31, 20×8 e=_Ng
j)
(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. <EY{goW
【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。 ~h3~<p#M`
以下是未经审计财务报表的部分信息: SXNde@%
{
(单位:千元) '<6DL
tZl
项目 20×8 20×7 7IrH(~Fo
营业收入 64 000 48 000 :edy(vC<
营业成本 54 000 42 000 ;RMevVw|
净利润 30 -20 o,/w E
uu/2C \n}
20×8年12月31日 20×7年12月31日 n-OQCz9Xl
存货 16 000 12 000 HY(XI u
流动资产 60 000 50 000 O]oH}#5b
总资产 100 000 90 000 vLGn
Lpt
流动负债 20 000 18 000 *De'4r 2
总负债 30 000 25 000 _auFt"n
在审计过程中,约翰发现以下事项: s'BlFB n
(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: uSH_=^yTQ
借:银行存款5 820 000 5!Ovd
O}g
财务费用 180 000 Q9&H/]"v
贷:应收票据6 000 000 bzECNi5^
(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: ~9@83Cs2
借:营业外支出 3 000 000 gO m8 O,
贷:预计负债 3 000 000 :*YnH&
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: f*Os~@K
借:预计负债 3 000 000 eAjsMED
贷:银行存款 2 500 000 >.uIp4@(
营业外收入 500 000 F'T.-lEO_d
要求: yl0;Jx?
(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。 Mt@Ma ]!
(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: !.499H3
(a)20×8年存货周转率 /-+hMYe
(b)20×8年销售毛利率 k:N/-P
&+
(c)20×8年总资产净利率 ZzxWKIE'c
(d)20×8年12月31日的流动比率 FbXur- et^
(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) RNt9Qdr4y
【答案】 Q(x/&]7=V
(1)应选择营业收入作为计算重要性水平的基础。 1Vs>G
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Vd'=Fe;eB
|OuIQhoE
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 "/%o'Fq
销售毛利率=(64000-54000)/64000×100%=15.63% bV+2U
总资产净利率=30/[(100000+90000)/2]=0.03% U/_hH*N"!
流动比率=60000/20000=3 Of}C.N8
(3) p =-~qBw
a.应建议做如下审计调整分录: `Q[NrOqe"
借:应收票据 6 000 000 5<P6PHdY
贷:短期借款 5 820 000 b.RFvq5Z
财务费用 180 000 8isQL
b.应建议做如下审计调整分录: 5qFHy[IA
借:预计负债 3 000 000 -lR7
@S
贷:营业外支出 500 000 Vlge*4q
其他应付款 2 500 000 ux6p2Sk;K