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)。 l,@rB+u
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: z 8
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(Expressed in RMB thousands) ? uu, w
FINANCLAL STATEMENTS ITEMS 'H8;(Rw
20×8 $c1xh.
20×7 L,_Z
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Sales `g^b Qx
64000 u=f}t=3
48000 &[qJ=HMm I
N"-U)d-.
Cost of sales s~g0VNu Y
54000 6`V~cVu
42000 GFfZ TA
2 i97
Net profit vNSeNS@jxC
30 J|.n bSE
-20 vTq
[Xe"
_qvzZ6
]%ey rbU
December 31, 20×8 v&r\Z @%
December 31, 20×7 2f0qfF
6)[gF1
Inventory HC(7,3
16000 7QM1E(cMg
12000 -W.bOr
h)pYV>!d
Current assets RhD
60000 =cWg39$(I
50000 q"$C)o
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Total assets ,KFF[z
100000 UoOxGo
90000 -s&7zqW
0T.kwZ8
Current liabilities v%E~sX&CG
20000 M~Ph/
18000
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Total liabilities X1FKcWv
30000 IXC2w
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25000 \%Lj !\
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Hh`HMa'q
During the audit, John has the following findings: {4YD_$4W
(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: t-?#x
Dr. Cash in Bank RMB 5820000 !P@4d G
Dr. Financial Expenses RMB 180000 3='Kii=LA
Cr. Notes Receivable RMB 6000000 Z7J4rTA
(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: #8r1<`']!
Dr. Non-operating Expenses RMB 3000000 8)XAdAr
Cr. Provisions RMB 3000000 9" cyZO
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 7Y6b<:
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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: 8/zv3.+[
Dr. Provisions RMB 3000000 6!Uk c'r
Cr. Cash in Bank RMB 2500000 nQ08(8
Cr. Non-operating Income RMB 500000 <|1Kh ygv
Required: P asVfC@
(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. tOxTiaa=
(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: &}!AjA)
(a)Inventory Turnover Rate in 20×8; C=8IQl[^e
(b)Gross Profit Ratio in 20×8; VYnB&3%DF
(c)After Tax Return on Total Assets in 20×8; and NS)
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(d)Current Ratio as at December 31, 20×8 P#-p*4
(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. /5y _ <
【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。 iiv`ji
以下是未经审计财务报表的部分信息: ', P_a,\
(单位:千元) y/;DA=
项目 20×8 20×7 V0!kvIv
营业收入 64 000 48 000 cf%aOHYI*
营业成本 54 000 42 000 <{IeCir
净利润 30 -20 0y3C
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20×8年12月31日 20×7年12月31日 lY[\eQ
1:
存货 16 000 12 000 hq?F81
流动资产 60 000 50 000 <z8z\4Hz
总资产 100 000 90 000 g"v6UZ\
流动负债 20 000 18 000 )0zg1z
总负债 30 000 25 000 S~U5xM^s
在审计过程中,约翰发现以下事项: O:Wd
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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: gUH|?@f
借:银行存款5 820 000 ;jh.\a_\
财务费用 180 000 V(;c#%I2
贷:应收票据6 000 000 4"#F=f0
(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: A9y@v{txN
借:营业外支出 3 000 000 8\rAx P}=
贷:预计负债 3 000 000 /Nns3oE
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: `$XgfMBf |
借:预计负债 3 000 000 Fxr$j\bm
贷:银行存款 2 500 000 WMLsKoby
营业外收入 500 000 O}I
RM|r"
要求: " ~&d=f0m
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 9>k-";
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: E|fQbkfw
(a)20×8年存货周转率 60 z
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(b)20×8年销售毛利率 wO
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(c)20×8年总资产净利率 CsND:m
(d)20×8年12月31日的流动比率 `<:D.9vO "
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ayQB@2%
【答案】 \E<t'\>@
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(1)应选择营业收入作为计算重要性水平的基础。 12,,gwh
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 5E!G
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 %"0g}tK6
销售毛利率=(64000-54000)/64000×100%=15.63% ~'9>jpnw
总资产净利率=30/[(100000+90000)/2]=0.03% q|+`ihut
流动比率=60000/20000=3 3r(i=ac0
(3) {)8!> K%G
a.应建议做如下审计调整分录: qJZ5w}
借:应收票据 6 000 000 )6
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贷:短期借款 5 820 000 eBW=bK~[VP
财务费用 180 000 +/E
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b.应建议做如下审计调整分录: KLn.vA.
借:预计负债 3 000 000 a5AD$bP
贷:营业外支出 500 000 41[1_ p(
其他应付款 2 500 000 `:I<Jp