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)。 :;wb{q$O
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: af:wg]g
(Expressed in RMB thousands) f;Iaf#V_
FINANCLAL STATEMENTS ITEMS R)
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20×8 uv:DO6 {
20×7 l~Em2@c
v}$s,j3NO
Sales )2U#<v^
64000 2'R&K
48000 :HJ@/s!J
^G(/;c*=
Cost of sales b),_rr
54000 q}nL'KQ,n
42000 Qp~
W|zi(
=<_ei|ME
Net profit ";)SA,Z
30 @.4e^Km
-20 ,O9rL :?
8?n6\cF
Kg#5
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December 31, 20×8 -n C
5
December 31, 20×7 xJ;DkPh
xai
A?
Inventory SqiLp!Y`
16000 t`"]"Re
12000 HuX{8nl a
[M^ur%H
Current assets P]Hcg|&
60000 &"90pBGK
50000 `OY_v=}
vFKt=o$ g
Total assets WsA(8Ck<
100000 oEqt7l[I{
90000 G4jaHpPi
5UFR^\e
Current liabilities I+) Acy;
20000 -H@Gyw
18000 ~(TS>ck@
fP>K!@!8
Total liabilities G1Qc\mp
30000 hBSci|*f
25000 :Kc}R)6
Cq7EdK;x
)8H5ovj.
During the audit, John has the following findings: }tH$/-qnJE
(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: {y{&tzZ
Dr. Cash in Bank RMB 5820000 ,{@,dw`lUz
Dr. Financial Expenses RMB 180000 }y-b<J?H
Cr. Notes Receivable RMB 6000000 l!B)1
(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: %hYol89F
Dr. Non-operating Expenses RMB 3000000 TP6iSF
Cr. Provisions RMB 3000000 mSWh'1]b.~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Wr \rruH6
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: N XwQvm;q
Dr. Provisions RMB 3000000 :Fm{U0;"
Cr. Cash in Bank RMB 2500000 =h~\nTN
Cr. Non-operating Income RMB 500000 ZaCUc Px
Required: py,B6UB5
(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. 1U"Fk3
(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: 5WR(jl+M
(a)Inventory Turnover Rate in 20×8; Pkr0|bs*
(b)Gross Profit Ratio in 20×8;
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(c)After Tax Return on Total Assets in 20×8; and [!@&t:A
(d)Current Ratio as at December 31, 20×8 9(%ptnya
(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. ToUeXU
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【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。 4{d`-reHg
以下是未经审计财务报表的部分信息: =] R_6#
(单位:千元) ~Wq[H
项目 20×8 20×7 0Ey*ci^ue
营业收入 64 000 48 000 U]!D=+
营业成本 54 000 42 000 a0Y/,S*K
净利润 30 -20 {+V1>6
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20×8年12月31日 20×7年12月31日 c'=p4Fcm
存货 16 000 12 000 wv 7jES
流动资产 60 000 50 000 LB<,(dyh
总资产 100 000 90 000 XYbc1+C
流动负债 20 000 18 000 t^h{D
总负债 30 000 25 000 )V!dmVQq{g
在审计过程中,约翰发现以下事项: x,Im%!h
(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: :*wnO;eN
借:银行存款5 820 000
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财务费用 180 000 mWUo:(U
贷:应收票据6 000 000 *QzoBpO<
(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: DrD68$,QN
借:营业外支出 3 000 000 0K-jF5i$`
贷:预计负债 3 000 000 ,UFr??ZKm
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ,q
yp2Y7
借:预计负债 3 000 000 iJg3`1@j
贷:银行存款 2 500 000 )v!>U<eprD
营业外收入 500 000 7`^]:t
要求: ' LT6%<|
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Y'NQt?h
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: ;
c5Q"
(a)20×8年存货周转率 Qh )QdW4
(b)20×8年销售毛利率 tqY)
(c)20×8年总资产净利率 6x*u S~'
(d)20×8年12月31日的流动比率 sjLI^#a
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) %J06]FG7
【答案】 h"S+8Y:1{k
(1)应选择营业收入作为计算重要性水平的基础。 lY5a=mwHU
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 rC>')`uk
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ]KMOLe6(
销售毛利率=(64000-54000)/64000×100%=15.63% ?XVJ$nz
W
总资产净利率=30/[(100000+90000)/2]=0.03% ;Ry
)^5Q
流动比率=60000/20000=3 Ly?yWS-x
(3) 8=^o2&
a.应建议做如下审计调整分录: &xF 2!t`
借:应收票据 6 000 000 \2!v~&S
贷:短期借款 5 820 000 5b_[f(
财务费用 180 000 CVsc#=w0
b.应建议做如下审计调整分录: eATX8`W
借:预计负债 3 000 000 SSANt?\Z<
贷:营业外支出 500 000 0zg\thL
其他应付款 2 500 000 [@@Ovv