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)。 gu:8+/W8L
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: X"hdCY%
(Expressed in RMB thousands) f%ThS42
FINANCLAL STATEMENTS ITEMS gs/ i%O
20×8 ~|CWy
20×7 kz=Ql|@
Q6qIx=c4
Sales R"Ff(1m
64000 <?8aM7W7
48000 yzI`&?
P2
gdr"34%vbM
Cost of sales $f>h_8cla
54000 >G#SfE$0
42000 kfc5ra>&
HgY [Q}7s
Net profit JJE?!Yvc
30 }X|*+<
-20 GycW3tc]_&
-6KNMk
PPpq"c
December 31, 20×8 3aX/)v.:4
December 31, 20×7 =(aA`:Nl
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Inventory Sj(5xa[
16000 O-uno{Fd*
12000
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THN//}d
Current assets ,;D$d#\"
60000 GBg~NkC7.
50000 Vf*Z }'
k.5(d.*(
Total assets VvFMpPi
100000 #];b+ T
90000 y]U]b G{
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Current liabilities VY1&YR}Y
20000 yw@kh^L
18000 _ J t
-ZVCb@%
Total liabilities .D8|_B
30000 R]LuZN
25000 |43dyJW
)hy(0 D
;n\$'"K&;
During the audit, John has the following findings: R\T1R"1
(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: u5Tu~
Dr. Cash in Bank RMB 5820000 ;}>g/lw
Dr. Financial Expenses RMB 180000 E3
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Cr. Notes Receivable RMB 6000000 fHV%.25
(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: ^Ay>%`hf*
Dr. Non-operating Expenses RMB 3000000 OaH1xZNOC`
Cr. Provisions RMB 3000000 |PNPOj0
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 FL|\D
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: $p;<1+!
Dr. Provisions RMB 3000000 S*3*Q l*
Cr. Cash in Bank RMB 2500000 \9!hg(-F
Cr. Non-operating Income RMB 500000 EGMIw?%Y`-
Required: cF V[k'F
(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. $o%:ST4
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: DQI
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(a)Inventory Turnover Rate in 20×8; )q|a Sd
(b)Gross Profit Ratio in 20×8; ascY E
(c)After Tax Return on Total Assets in 20×8; and eHl)/='
(d)Current Ratio as at December 31, 20×8 A)%!9i)
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. |MMaaW^"
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 uvMcB9
以下是未经审计财务报表的部分信息: Kt5k_9
(单位:千元) mDdL7I
项目 20×8 20×7 % B^BN|r
营业收入 64 000 48 000 P _x(`H
营业成本 54 000 42 000 %y|L'C,ge"
净利润 30 -20 -]. a0
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20×8年12月31日 20×7年12月31日 qokCVI-\
存货 16 000 12 000 I83 _x|$FZ
流动资产 60 000 50 000 `UD,ne
总资产 100 000 90 000 vq` M]1]FO
流动负债 20 000 18 000 ia#8 ^z
总负债 30 000 25 000 w.o>G2u
在审计过程中,约翰发现以下事项: P
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(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: :\F1S:&P
借:银行存款5 820 000 5q,ZH6\
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财务费用 180 000 6>NK2} `
贷:应收票据6 000 000 /~1Ew
(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: @L ,4JPk
借:营业外支出 3 000 000 Ud& '*,
贷:预计负债 3 000 000 OK" fFv
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: +mRc8 G
借:预计负债 3 000 000 nKnQ
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贷:银行存款 2 500 000 /T<))@$
营业外收入 500 000 w| eVl{~p
要求: 6o)RsxN eu
(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。 7h#*djef
(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: ~J![Nx/
(a)20×8年存货周转率 g#%Egb1
(b)20×8年销售毛利率 @j<Q2z^
(c)20×8年总资产净利率 `$t|O&z
(d)20×8年12月31日的流动比率 POI|#[-V
(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) z 4qEC
【答案】 e'|IRhr
(1)应选择营业收入作为计算重要性水平的基础。 'm^]X3y*
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 u?rs6A[h#
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 puAjAvIax
销售毛利率=(64000-54000)/64000×100%=15.63% ;_S
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总资产净利率=30/[(100000+90000)/2]=0.03% .
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流动比率=60000/20000=3 b5)a
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(3) q8!X^1F7
a.应建议做如下审计调整分录: : "^/?Sd
借:应收票据 6 000 000 7g>|e
贷:短期借款 5 820 000 r
m
财务费用 180 000 u<JkP <"S
b.应建议做如下审计调整分录: v^dQ%+}7>
借:预计负债 3 000 000 @TJ2
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贷:营业外支出 500 000 |Ae7wXOs
其他应付款 2 500 000 $ftxid8