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)。 cg4,PI%hz
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: `` ={FaV~m
(Expressed in RMB thousands) vDemY"wz
FINANCLAL STATEMENTS ITEMS I'!KWpYJT
20×8 @`3)?J[w
20×7 `]Xbw^Y'x
B:l(`G
Sales 4-o$OI>
64000 'ySWf,Q^
48000 OG.`\G|
Gr_I/+<
Cost of sales =3@^TW(j
54000 X'5te0v`3
42000 J&5|'yVX
tY7u\Y;^
Net profit vi'K|[!?
30 c;L
i~FLR
-20 kys?%Y1
OS3J,f}<=
PiN3t]2
December 31, 20×8
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December 31, 20×7 Qr/?tMALc
tW,<Pe
Inventory `jJb) z3D
16000 i"-j:b:c<
12000 d{0>R{uac
4m~\S)ad
Current assets "k+QDQ3=
60000 8!1o,=I$
50000 5K8\hoW{
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Total assets Y}0 - &
100000 X%;,r
2g
90000 c;j]/
R$i
/q]WV^H
Current liabilities U_w)*)F
20000 <-$4?}
18000 ;$86.2S>B
7n#0eska,
Total liabilities /({5x[
30000 7UMsKE-
25000 p{.EF
a>H
pPh$Jvo]
62.{8Uj
During the audit, John has the following findings: w=OT^d 9n
(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: 2(UT;PSI
Dr. Cash in Bank RMB 5820000 }=wSfr9g
Dr. Financial Expenses RMB 180000 iK)w3S}k1y
Cr. Notes Receivable RMB 6000000 1y
6H 2
(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: '*K/K],S]
Dr. Non-operating Expenses RMB 3000000 p_[k^@$
Cr. Provisions RMB 3000000 SMnbI.0
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }Za[<t BWS
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: bvAO(`
Dr. Provisions RMB 3000000 J`\%'pEn
Cr. Cash in Bank RMB 2500000 eE1w<] Eg
Cr. Non-operating Income RMB 500000 anv_I=
Required: W/fM0=!
(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. ~bgFU
(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: 7quhp\
(a)Inventory Turnover Rate in 20×8;
16xM?P
(b)Gross Profit Ratio in 20×8; ,~c:P>v=
(c)After Tax Return on Total Assets in 20×8; and 6=FF*"-6E
(d)Current Ratio as at December 31, 20×8 7HFw*;
(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. )KkA<O}f
【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。 sA:0b5_a
以下是未经审计财务报表的部分信息: Rg+V;C
C~
(单位:千元) 'j>Q7M7q{
项目 20×8 20×7 .{~ygHQ`f
营业收入 64 000 48 000 =TU"B-*
营业成本 54 000 42 000 c}$?k@=
净利润 30 -20 ?f:FmgQk
XVE(p3-
20×8年12月31日 20×7年12月31日 4_)@Nq
存货 16 000 12 000 ;p)gTQa
流动资产 60 000 50 000 jR*1%.Ng
总资产 100 000 90 000 ."cC^og
流动负债 20 000 18 000 aZ- )w
总负债 30 000 25 000 H2[S]`?
在审计过程中,约翰发现以下事项: t4
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: DL<r2h
借:银行存款5 820 000 ;
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财务费用 180 000 b1E>LrL
贷:应收票据6 000 000 ?;!l-Dy
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: yn"8Ma*
借:营业外支出 3 000 000 kx*=1AfU+Y
贷:预计负债 3 000 000 &U!@l)<
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: |G!-FmIK
借:预计负债 3 000 000 UjUDP>iz.>
贷:银行存款 2 500 000 p e |k}{
营业外收入 500 000 0vf2wBK'T
要求: ,,lrF.
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 `TBau:E lI
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: [iB`- dE,
(a)20×8年存货周转率 (?;Fnq
(b)20×8年销售毛利率 T ^%$
(c)20×8年总资产净利率 Q(>89*b&
(d)20×8年12月31日的流动比率 nu|;(ly
(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) d 6j'[
【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 8?J\
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 _T)dmhG
q>?uB4>^
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 -}4<P}.5T
销售毛利率=(64000-54000)/64000×100%=15.63% VYMs`d[
总资产净利率=30/[(100000+90000)/2]=0.03% L1
O\PEeT
流动比率=60000/20000=3 WfL5.&
(3) ]|@RWzA
a.应建议做如下审计调整分录: R^{Ow
借:应收票据 6 000 000 ix [aS
贷:短期借款 5 820 000 [2WJ>2r}6
财务费用 180 000 VMe~aUd
b.应建议做如下审计调整分录: 3T+#d-\
借:预计负债 3 000 000 "at*G>+
贷:营业外支出 500 000 %D:Mt|
其他应付款 2 500 000 ]KBzuz%