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)。 ~`>26BWQz
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: . 02(O
(Expressed in RMB thousands) ) .-(-6=R
FINANCLAL STATEMENTS ITEMS ;k&k#>L!K
20×8 p@8^gc
20×7 #8f"}>U9.,
khN:+V|
Sales ]6%%X+$7
64000 ,o>pmaoLs
48000 mERZ_[a2
/-K dCp~
Cost of sales 30(m-D$K>9
54000 &]yJCzo]
42000 ;Q>3N(
9Oo*8wvGG
Net profit uCP6;~Ns
30 g.Caapy
-20 x$5nLS2.
<#p|z`N
FSwgPIO>
December 31, 20×8 d+m6-4[_k
December 31, 20×7 -6~dJTm[t
Xq^y<[
Inventory Q"6hD?6.
16000 P$6f +{
12000 .f !]
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KG-k$glD
Current assets @Uj_+c
q
60000 n#^?X
50000 Vi?
~0.Z%
spU!t-n67
Total assets i9@;,4f
100000 kk/+Vx~
90000 #1jtprc
Q 9gFTLQ
Current liabilities lq\'
20000 bDZKQ&
18000 3dX=xuQ%/
>0<KkBH
Total liabilities & GzhcW~
30000 X6Nm!od'
25000 .i3lG(
YG
H81.p
C DnR
During the audit, John has the following findings: wKi}@|0[@
(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: ~^%0V<*-}
Dr. Cash in Bank RMB 5820000 _8x'GK
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Dr. Financial Expenses RMB 180000 94h_t@Q/1
Cr. Notes Receivable RMB 6000000 Oa.f~|
(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: D*XZT{1g
Dr. Non-operating Expenses RMB 3000000 hP4)8 >
Cr. Provisions RMB 3000000 (ifqwl62
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 N[a ljC-R
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: /H%<oAjp6
Dr. Provisions RMB 3000000 e\^g|60f_
Cr. Cash in Bank RMB 2500000 s#+"5&!s
Cr. Non-operating Income RMB 500000 ;o_V!<$
Required: 0279g
(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. (pT(&/\8
(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: n?ZL"!$
(a)Inventory Turnover Rate in 20×8; kyRh k\X
(b)Gross Profit Ratio in 20×8; ?`N57'iPb
(c)After Tax Return on Total Assets in 20×8; and 0\EpH[m}-
(d)Current Ratio as at December 31, 20×8 un$ Z7W/
(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. 2xL!PR-
【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。 WbC0H78]
以下是未经审计财务报表的部分信息: v9t47>V
(单位:千元) y~==waZw
项目 20×8 20×7 k W<Yda<a
营业收入 64 000 48 000 .Ca"$2
营业成本 54 000 42 000 )KaLSL>
净利润 30 -20 j.=UI-&m
RV0>-@/x
20×8年12月31日 20×7年12月31日 Xr@l+zr
存货 16 000 12 000 VjA wn}eO
流动资产 60 000 50 000 dN]Zs9]
总资产 100 000 90 000 ,>bGbx
流动负债 20 000 18 000 ?AeHVQ
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总负债 30 000 25 000 [):{5hMA
在审计过程中,约翰发现以下事项: OYszW]UMg
(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: W"b&M%y|
借:银行存款5 820 000 1a($8>
财务费用 180 000 e5qrQwU
贷:应收票据6 000 000 9SRfjS{7
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: sorSyuG
r
借:营业外支出 3 000 000 Q vv\+Jp^
贷:预计负债 3 000 000 E3~,+68U
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: kfMhw M8kP
借:预计负债 3 000 000 YBYB OH
贷:银行存款 2 500 000 Je#!Wd
营业外收入 500 000 e-[>( n/[
要求: )z2|"Lp
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 G$?|S@I,
(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: &\;<t,3A~
(a)20×8年存货周转率 [,OJX
N-4s
(b)20×8年销售毛利率 ~t'#n V
(c)20×8年总资产净利率 T-L|Q,-{-
(d)20×8年12月31日的流动比率 zY7*[!c2
(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) `3f_d}b
【答案】 {l&Ltruhz
(1)应选择营业收入作为计算重要性水平的基础。 |?OdV<5C
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .dD9&n;#^
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 5x*
5|8
销售毛利率=(64000-54000)/64000×100%=15.63% =)(3Dp
总资产净利率=30/[(100000+90000)/2]=0.03% 9
9Ba{qj
流动比率=60000/20000=3 cZNi~
(3) (NGu9uJs
a.应建议做如下审计调整分录: i0k+l
借:应收票据 6 000 000 AuoxZ?V
贷:短期借款 5 820 000 L8K0^~Mk
财务费用 180 000 38[)[{G)Hv
b.应建议做如下审计调整分录: nkCecwzr-
借:预计负债 3 000 000 YniZ(
~^K
贷:营业外支出 500 000 6OfdD.y
其他应付款 2 500 000 YS]>_