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: 2^s@n3t
(Expressed in RMB thousands) /,7#%D
FINANCLAL STATEMENTS ITEMS lJa-O
20×8 ])pX)(a
20×7 crd|r."
W9cvxsox
Sales |QzJHP @
64000 aJm5`az)
48000 WL%T nux
gu3)HCZ
Cost of sales )FB<gCh7X
54000 yq3"VFh3d
42000 Bptt"
pnz@;+f
Net profit tc;$7F ;
30 Ql7opl,
-20 JF&$'
l$BKE{rg
"~C\Z} ;
December 31, 20×8 ZbH6$2r
December 31, 20×7 3I?y
RE
s5 Fn("h]n
Inventory ICo Z<;p
16000 tSDp>0yZ3
12000 -'W:P'BG
j@JY-^~K5
Current assets 'H1"z!]
60000 yyR@kOGga
50000 @Ng q+uXm
xT9+l1_
Total assets C~iFFh6:
100000 bv[*jr;45
90000 k!@/|]3z
a(o[ bH.|;
Current liabilities /?j^Qu
20000 DF#WQ8?$]
18000 x^F2Ywp%
,Ur~DXY
Total liabilities F7x< V=4{
30000 RDG,f/L2
25000 D/{ Spw@
Jf2:[Mq
(aCl*vV1
During the audit, John has the following findings: ;+qPV7Z
(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: Dc>)j s|"
Dr. Cash in Bank RMB 5820000 9aqFdlbY
Dr. Financial Expenses RMB 180000 a-TsD}'X
Cr. Notes Receivable RMB 6000000 QQjMC'
(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: OaxE3bDT
Dr. Non-operating Expenses RMB 3000000 xcIZ'V
Cr. Provisions RMB 3000000 D+_PyK~jc
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 eWx6$_|
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: ]*;+ U6/?
Dr. Provisions RMB 3000000 ZsPBs4<p
Cr. Cash in Bank RMB 2500000 c9E9Rx
Cr. Non-operating Income RMB 500000 $j}sxxTT
Required: ;v+CQx
(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. s.dn~|a
(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: <Q-ufF85)
(a)Inventory Turnover Rate in 20×8; ' *p-`
(b)Gross Profit Ratio in 20×8; $t</{]iX
(c)After Tax Return on Total Assets in 20×8; and zck |jhJ6
(d)Current Ratio as at December 31, 20×8 /[#{#:lo2
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. zsRN\U
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 uJp}9B60_
以下是未经审计财务报表的部分信息:
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(单位:千元) XWy
iS\
项目 20×8 20×7 !xqG-rd
'
营业收入 64 000 48 000 <u($!ATb
营业成本 54 000 42 000 lB\j>.c
净利润 30 -20 Z*e7W O.
"AVj]jR
20×8年12月31日 20×7年12月31日 \&qVr1|
存货 16 000 12 000 $v oyXi`*
流动资产 60 000 50 000 0Rk'sEX,
总资产 100 000 90 000 c!\y\r
流动负债 20 000 18 000 WE~3(rs#X#
总负债 30 000 25 000 +[}]a3)
在审计过程中,约翰发现以下事项: @x J^JcE
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: x}>tX
借:银行存款5 820 000 8"*$e
I5
财务费用 180 000 x?<5=,
贷:应收票据6 000 000 ?h3Ow`1G
(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: |95/'a*
借:营业外支出 3 000 000 }EIwkz8
贷:预计负债 3 000 000 ];2eIe
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: c`}X2u]k
借:预计负债 3 000 000 YV940A-n
贷:银行存款 2 500 000 o%9>elOju
营业外收入 500 000 g4$%)0x%
要求: G =4 y!y
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 mVL,J=2
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: q(p0#Mk,E
(a)20×8年存货周转率 7ER 2h*
(b)20×8年销售毛利率 7Y*m_AhxJ
(c)20×8年总资产净利率 O`0$pn
(d)20×8年12月31日的流动比率 7VXeu+-P
(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) *nW9)T
【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。 )?bb]hZg?O
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ?-84_i
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 d$,i?d,
销售毛利率=(64000-54000)/64000×100%=15.63% yl 8v&e{
总资产净利率=30/[(100000+90000)/2]=0.03%
k"7eHSy,
流动比率=60000/20000=3 0amz#VIB<u
(3) pNJM]-D]m~
a.应建议做如下审计调整分录: U?lu@5 ^Z
借:应收票据 6 000 000 \
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贷:短期借款 5 820 000 S7q&|nI
财务费用 180 000 #Fd([Zx#.
b.应建议做如下审计调整分录: !Cy2>6v7
借:预计负债 3 000 000 >C}RZdO~
贷:营业外支出 500 000 kZ.3\
其他应付款 2 500 000 C|J1x4sb@