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)。
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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: n[|*[II
(Expressed in RMB thousands) H{ yUKZH*
FINANCLAL STATEMENTS ITEMS 7T7
A[A\
20×8
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20×7 5D9n>K4|
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Sales y^OT0mZkg
64000 .AHf]X0
48000 ]{sx#|_S
6b!F7kyg
Cost of sales 4th*=ku
54000 w8(8n&5
42000 ;iB9\p$K)
\B\G=Y
Net profit hD)'bd
30 VPC7Dh%.
-20 ,Q%q!#@
&oJ1v<`
LpV2XL$p>#
December 31, 20×8 Z+8Q{|Ev
December 31, 20×7 .{\lbI
u4eA++eT
Inventory 9K4]~_%h\
16000 m/E$0tf
12000 )s-[d_g
#3~ #`&
Current assets 0R21"]L_M
60000 FGRdA^`
50000 GMv.G
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Total assets p+.xye U(
100000 r(qwzUI
90000 b7uxCH]Z
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Current liabilities RA_gj lJi
20000 dQ.:xu}~
18000 JKjVrx>
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59R%g .2Y
Total liabilities `<#Ufi*c
30000 t>KvR!+`g
25000 kq$0~lNI$
XJSI/jpa@
4{v?<x8
During the audit, John has the following findings: 1#w'<}h#U
(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: :
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Dr. Cash in Bank RMB 5820000 \Bvy~UeE)>
Dr. Financial Expenses RMB 180000 eV
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Cr. Notes Receivable RMB 6000000 7;8DKY q
(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: [<nmJ-V
Dr. Non-operating Expenses RMB 3000000 S%Bm4jY
Cr. Provisions RMB 3000000 0F5QAR
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 SuJa?VU1w
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: '=V1'I*
Dr. Provisions RMB 3000000 )a=FhSB[G
Cr. Cash in Bank RMB 2500000 \D5_g8m:
Cr. Non-operating Income RMB 500000 eWk
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Required: h
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(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. c,,(s{1
(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: p=T6Ix'_2e
(a)Inventory Turnover Rate in 20×8; F2^qf
(b)Gross Profit Ratio in 20×8; yhsbso,5 a
(c)After Tax Return on Total Assets in 20×8; and XS_Ib\-50
(d)Current Ratio as at December 31, 20×8 IM(=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. Fs_zNN
【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。 RD_l
以下是未经审计财务报表的部分信息: .L=C7 w1
(单位:千元) zI&).
项目 20×8 20×7 E%&E<<nhZ
营业收入 64 000 48 000 ?l?_8y/ww
营业成本 54 000 42 000
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净利润 30 -20 :c3'U_H^
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20×8年12月31日 20×7年12月31日 6DxT(VU}
存货 16 000 12 000 *7`amF-
流动资产 60 000 50 000 Cj10?BNV)
总资产 100 000 90 000 1\LK[tvh
流动负债 20 000 18 000 XTKAy;'5
总负债 30 000 25 000 0ZJN<AzbA
在审计过程中,约翰发现以下事项: Fu*Qci1Z
(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: XJguw/[wm
借:银行存款5 820 000 A4IPd
财务费用 180 000 , 9"A"p*R
贷:应收票据6 000 000 xN>+!&3%w
(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: A5 <T7~U
借:营业外支出 3 000 000 Sd?+j;/"
贷:预计负债 3 000 000 ( jtkY_
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: IuOQX}
借:预计负债 3 000 000 ZK?:w^Z
贷:银行存款 2 500 000 E>L_$J -A-
营业外收入 500 000 JrJTIUf_
要求: gMB/ ~g5b0
(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。 lfe^_`ij(+
(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: w@ $_2t
(a)20×8年存货周转率 F m$;p6&j
(b)20×8年销售毛利率 G_5E#{u
(c)20×8年总资产净利率 VCCG_K9'
(d)20×8年12月31日的流动比率 W't.e0L<6
(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) QV*W#K\7q
【答案】 +l@+e_>
(1)应选择营业收入作为计算重要性水平的基础。 kT,2eel
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 *rmwTD"
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >v
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销售毛利率=(64000-54000)/64000×100%=15.63% mP+rPDGp
总资产净利率=30/[(100000+90000)/2]=0.03% InfUH8./t
流动比率=60000/20000=3 /GU%{nT
(3) ghVxcK
a.应建议做如下审计调整分录: }<
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借:应收票据 6 000 000 V1>>]]PS
贷:短期借款 5 820 000 Xb5$ijH
财务费用 180 000 mqv!"rk'w
b.应建议做如下审计调整分录: SO}en[()O
借:预计负债 3 000 000 L}.V`
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贷:营业外支出 500 000 1`@rAA>h'
其他应付款 2 500 000 Fwfe5`9'