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)。 g5
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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: }
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(Expressed in RMB thousands) 5 B lptC
FINANCLAL STATEMENTS ITEMS DKG%z~R*
20×8 Wp[R$/uT
20×7 t'@qb~sf
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Sales `T
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64000 u&!QP4$"z
48000 v&NC` dVR
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Cost of sales ;;2Yfn'`9
54000 g0P^O@8
42000 9,4Lb]
>Bj+!)96q
Net profit %$)[qa3
30 ,&1DKx
-20 fJb<<6C
4|9c+^%^
/=5YHq>
December 31, 20×8 %YI Xk1
December 31, 20×7 &3SQVOW ~T
vT#$`M<
Inventory Y 7a<3>
16000 |-W7n'n
12000 \m3;<A/3n
cZ@z]LY.g
Current assets 0jlwL
60000 {g:I5
A#
50000 f#s
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nty^De%
Total assets H WOl79-
100000 ]pZxbs&Vb
90000 "gcHcboU5$
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Current liabilities |hp_<F9.
20000 %V>Ss9;/8
18000 (o!v,=# 6{
RJo"yB$1e6
Total liabilities ?Mb'l4
30000 fgs){Ng`
25000 TV~<1vj
C6=P(%y
I.f)rMl+h
During the audit, John has the following findings: BM(8+Wj
(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>a2
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 hP=^JH
Cr. Notes Receivable RMB 6000000 TTS.wBpR,
(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: IA\CBwiLj
Dr. Non-operating Expenses RMB 3000000 3HU_~%l
Cr. Provisions RMB 3000000 Z'P>sV
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 5AvbKT
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@=fY(g!
Dr. Provisions RMB 3000000 QEe\1>1"&
Cr. Cash in Bank RMB 2500000 ;b(*Bh<
Cr. Non-operating Income RMB 500000 `aj;FrF
Required: 7q>Y)*V
(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. :u%Jrc(W
(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: +:hZ,G?>
(a)Inventory Turnover Rate in 20×8; r[
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(b)Gross Profit Ratio in 20×8; )575JY `6K
(c)After Tax Return on Total Assets in 20×8; and }9&Z#1/
(d)Current Ratio as at December 31, 20×8 YEL,TU
(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. *o}LI6_u
【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。 uQwKnD?F+e
以下是未经审计财务报表的部分信息: 7QXA*.'
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(单位:千元) dM%#DN8l
项目 20×8 20×7 i8F^ N=
营业收入 64 000 48 000 (]JZ1s|
营业成本 54 000 42 000 :^c' P<HM
净利润 30 -20 ~i)m(65:
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20×8年12月31日 20×7年12月31日 *hhPCYOm
存货 16 000 12 000 I<v1S
流动资产 60 000 50 000 Htg,^d 5
总资产 100 000 90 000 ze+_iQ5
流动负债 20 000 18 000 &n_aMZ;
总负债 30 000 25 000 o"^+ i#H!
在审计过程中,约翰发现以下事项: K%Dksx7ow
(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: mVJW"*}8
借:银行存款5 820 000 cQ= "3M)~r
财务费用 180 000 RoV^sbWFt
贷:应收票据6 000 000 -dCM
eC
(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: > 3<P^-9L
借:营业外支出 3 000 000 gnW]5#c@
贷:预计负债 3 000 000 HgHhc&-
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: >zYO1.~
借:预计负债 3 000 000 "|{3V:e>a
贷:银行存款 2 500 000 T=/GFg'
营业外收入 500 000 dKs^Dq
要求: 85>WK+=
(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。 (zW;&A
(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: p$>e{-u
(a)20×8年存货周转率 gk"0r\Eq
(b)20×8年销售毛利率 "A_,Ga
(c)20×8年总资产净利率 <78]OZ] Z
(d)20×8年12月31日的流动比率 fs8nYgv|Q
(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) :lF[k`S T
【答案】 udRum7XW3
(1)应选择营业收入作为计算重要性水平的基础。 tVSURYA8
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 @x9DV{j)V
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 m!{}Y]FZn
销售毛利率=(64000-54000)/64000×100%=15.63% hD~P)@^
总资产净利率=30/[(100000+90000)/2]=0.03% Kd2?9gaw
流动比率=60000/20000=3 [x`trypg
(3) 'ZyHp=RN)
a.应建议做如下审计调整分录: Z3:M%)e_u$
借:应收票据 6 000 000 ,XD'f
贷:短期借款 5 820 000 (~YFm"S
财务费用 180 000 DU_38tz
b.应建议做如下审计调整分录: ',
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借:预计负债 3 000 000 xM ]IU
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贷:营业外支出 500 000 v&BKl
其他应付款 2 500 000 Vb${Oy+