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)。 mkTf}[O
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: gIep6nq1`|
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS +60zJ4
20×8 "m ):"
20×7 ~R7rIP8Wr
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Sales :x]gTZ?
64000 d~uK/R-KD
48000 ,ju 1:`
H:4r6-{
Cost of sales R>BI;IcX
54000 VR2BdfKU,
42000 :gVz}/C.@
A1Mr
Net profit f8_5.vlw
30 ,*a8]
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-20 ]K?z|&N|HK
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uO
"m0>u,HmI
December 31, 20×8 fyT:I6*
December 31, 20×7 ,d<wEB?\`
.
[+ObF9=
Inventory oHB51< }
16000 $}2m%$vJO
12000 ~<Uwumv
x "]%q^x
Current assets :,y V?E6]
60000 PDvqA{
50000 2sjV*\Udf
:)t1>y>3
Total assets V/$qD
100000 NtkEb :
90000 6gY5v@!w
ueZ `+g~gg
Current liabilities 0!o&=Qh
20000 9yajtR
18000 .1.n{4z>:
0XSZ3dY&+
Total liabilities U%"c@%B0
30000 X8<<;?L
25000 'h%)@q)J)
Xgn^)+V:
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During the audit, John has the following findings: !F/;WjHz
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: }?$d~]t)
Dr. Cash in Bank RMB 5820000 )/HSt%>
Dr. Financial Expenses RMB 180000 ce.'STm=
Cr. Notes Receivable RMB 6000000 lJpD>\$}@R
(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: y'*^ '
Dr. Non-operating Expenses RMB 3000000 ;<Oe\X
Cr. Provisions RMB 3000000 P7&a~N$T6W
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 fJn;|'H!
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: @E{c P%fv
Dr. Provisions RMB 3000000 H\W60|z9
Cr. Cash in Bank RMB 2500000
R,x\VX!|
Cr. Non-operating Income RMB 500000 -1Yt3M&
Required: NYM$0v`0YK
(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. <oS2a/Nd
(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: _=3H!b =
(a)Inventory Turnover Rate in 20×8; J)oa:Q
(b)Gross Profit Ratio in 20×8; V?kJYf(<
(c)After Tax Return on Total Assets in 20×8; and 5O#CdN-S
(d)Current Ratio as at December 31, 20×8 wWko9h=|mQ
(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. *Tl"~)'t~
【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。 q*{i /=~
以下是未经审计财务报表的部分信息: MIub^ $<C
(单位:千元) &q#$SU,$(
项目 20×8 20×7 B%6>2S=E
营业收入 64 000 48 000 "S(m1L?
营业成本 54 000 42 000 kn 5q1^
净利润 30 -20 R{NmWj['Mg
I?c# T Rm
20×8年12月31日 20×7年12月31日 &dp(CH<De
存货 16 000 12 000 ib /B!?/
流动资产 60 000 50 000 8iB1a6TlL
总资产 100 000 90 000 K
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流动负债 20 000 18 000 "(F>?pq
总负债 30 000 25 000 *^bqpW2$q
在审计过程中,约翰发现以下事项: 4Smno%jq
(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: 6k%N\!_TUW
借:银行存款5 820 000 W @Y$!V<
财务费用 180 000 p~J`}>yo
贷:应收票据6 000 000 O(!J^J3_z
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: YT+fOndjaF
借:营业外支出 3 000 000 FTI[YR8?Y
贷:预计负债 3 000 000 INby0S
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: Q1 mz
~r
借:预计负债 3 000 000 1y$Bz?4
贷:银行存款 2 500 000 oJ ,t]e*q=
营业外收入 500 000 bmr.EB/
要求: yBXdj`bV
(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。 68V66:0
(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: wA|m/SZx
(a)20×8年存货周转率 .t.H(Q9
(b)20×8年销售毛利率 ]sE~gro
(c)20×8年总资产净利率 .e!dEF)D
(d)20×8年12月31日的流动比率 \9geDX9A
(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) - U!:.
【答案】 ajq [ID
(1)应选择营业收入作为计算重要性水平的基础。 :/c=."z.
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 X@:pys 8@
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 dms R>Q
销售毛利率=(64000-54000)/64000×100%=15.63%
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总资产净利率=30/[(100000+90000)/2]=0.03% d^
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流动比率=60000/20000=3 UBs'3M
(3) }_u1'
a.应建议做如下审计调整分录: u3(zixb
借:应收票据 6 000 000 w(U-6uA
贷:短期借款 5 820 000 }BlVL
f%C
财务费用 180 000 &s->,-,
b.应建议做如下审计调整分录: Bf~
借:预计负债 3 000 000 /B.\ 6
贷:营业外支出 500 000 y-m<&{q
其他应付款 2 500 000 b?jRA^