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)。 L3/
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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: k~?@~xm,R
(Expressed in RMB thousands) a+X X?uN{
FINANCLAL STATEMENTS ITEMS +"C0de |-
20×8 xGA%/dy,;
20×7 &1I0i[R
4-TM3Cw`d&
Sales Y-Z.AA,
64000 qn<~
LxQ
48000 /5o~$S
^ PD a
Cost of sales |OC6yN *P)
54000 # OJD<=")
42000 eVy,7go h
]6%| L
Net profit X<1# )xC
30 +pE-Yn`YS
-20 8\[6z0+;
A5z
`3T;1
iQA
f
December 31, 20×8 >FY`xl\m}<
December 31, 20×7 ?(mlt"tPk
kweyp IB
Inventory :+u?A
16000 mtHw!
*
12000 <AB]FBo(
`=FfzL
Current assets t]Oxo`h=
60000 j/9'L^]
50000 l{;vD=D
J3
K!@m_\
Total assets fFsA[@5tul
100000 wL}=$DN
90000 E*CY/F I_
/N~.,vf
Current liabilities E")82I
20000 s:Memvf
18000 A$
s4Q0Mf
HQ]g{JVld\
Total liabilities "_9Dau$
30000 ]/U)<{6
25000 pwm]2}+
xvb5-tK
-
A_CK,S*\,&
During the audit, John has the following findings: Ru2kC} Dx!
(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: gi~*1RIel;
Dr. Cash in Bank RMB 5820000 MbF.KmV
Dr. Financial Expenses RMB 180000 5*~G7/hT
Cr. Notes Receivable RMB 6000000 L g-Sxz}P!
(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: G!wFG-Y}
Dr. Non-operating Expenses RMB 3000000 6VIi
nuOW
Cr. Provisions RMB 3000000 iEnDS@7
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 F(mm0:lT
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: c\7~_
w2
Dr. Provisions RMB 3000000 b1_HDC(
Cr. Cash in Bank RMB 2500000 dZ_Hj X7
Cr. Non-operating Income RMB 500000 4R.rSsAH
Required: NKh 8'=S
(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. .
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(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: G9d@vu
(a)Inventory Turnover Rate in 20×8; A=Dzd/CUO
(b)Gross Profit Ratio in 20×8; 5ILce%#zL
(c)After Tax Return on Total Assets in 20×8; and |s=)*DZv
(d)Current Ratio as at December 31, 20×8 fmFh.m.+N
(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. {4\(HrGNk
【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。 u m,Zt
以下是未经审计财务报表的部分信息:
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(单位:千元) # sm>;+J
项目 20×8 20×7 S }mqK|!
营业收入 64 000 48 000 ]|'Mf;
营业成本 54 000 42 000 UhXZ^k3
净利润 30 -20 6o!+E@V
b
1r'skmxq
20×8年12月31日 20×7年12月31日 xmsw'\
存货 16 000 12 000 +<7`Gn(n3
流动资产 60 000 50 000 :OQx;>'
总资产 100 000 90 000 CWHTDao
流动负债 20 000 18 000 C,HKao\
总负债 30 000 25 000 >+LFu?y
在审计过程中,约翰发现以下事项: *\L\Bzm
(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: 3%p^>D\
借:银行存款5 820 000 ET.c8K1f
财务费用 180 000 %dw@;IZ#8{
贷:应收票据6 000 000 @FU9!
(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: cA
m>f[
借:营业外支出 3 000 000 EA) K"C
贷:预计负债 3 000 000 .0}]/%al
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: Myvp PW
借:预计负债 3 000 000 RutRA
贷:银行存款 2 500 000 _vr>-
:G
营业外收入 500 000 C5"=%v[gQv
要求: q&]I
(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。 jv_z%`
(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: DSf
(a)20×8年存货周转率 j]~;|V5Z
(b)20×8年销售毛利率 I
Nt]O
PD
(c)20×8年总资产净利率 }V:ZGP#!'
(d)20×8年12月31日的流动比率 9=YX9nP
(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) \W:~;GMeD
【答案】 RzgA;ZC'
(1)应选择营业收入作为计算重要性水平的基础。 ]6#bp,
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Hwiw:lPq`E
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 vVBu/)
销售毛利率=(64000-54000)/64000×100%=15.63% Okxuhzn>"
总资产净利率=30/[(100000+90000)/2]=0.03% S+9}W/
流动比率=60000/20000=3 f2ea|l
(3) \k&2nYVHf
a.应建议做如下审计调整分录: }JPLhr|d^
借:应收票据 6 000 000 Ps<;DE\$f4
贷:短期借款 5 820 000 M5\$+Tu
财务费用 180 000 ))ArM-02
b.应建议做如下审计调整分录: bYt[/K,
借:预计负债 3 000 000 #s%_ L
贷:营业外支出 500 000 0;6eSmF
其他应付款 2 500 000 !79eF)