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)。 `ux{;4q
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: P"8~$
P#
(Expressed in RMB thousands) IS &ZqE(`e
FINANCLAL STATEMENTS ITEMS GkTiDm?
20×8 oF1,QQ^dg
20×7 !u[eaLxV
biU^[g("
Sales AW!?"xdZ
64000 ?!d&E?9\
48000 ijK"^4i
tnN.:%mZ
Cost of sales 8"8t-E#?
54000 LcTt)rs
f
42000 K1+)4!}%U
"AsKlKz{B
Net profit 87
$dBb{
30 iW%I|&
-20 DpvI[r//'*
pS'FI@.'{
_M`--.{\O[
December 31, 20×8 ][+#;avU
December 31, 20×7 ?R$F)g7<
bB1UZ O
Inventory $!-c-0ub
16000 xy/`ZS2WPq
12000 EIf5(/jo
QSdHm
Current assets 7e|s
wJ>4
60000 ;Q OBBF3HG
50000 %7IugHH9y
:OhHb#D
Total assets #*K}IBz
100000 8QLj["
90000 8hOk{xs8
~obqG!2m
Current liabilities 6;\I))"[
20000 {GK;63`1
18000 "4+&-ms
;o2$
Q
Total liabilities
-pf}
30000 -.u]GeMy
25000 }Qn&^[[miL
e,vvzso
c
dl&9-}
During the audit, John has the following findings: k;AD`7(=
(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: n22zq6m
Dr. Cash in Bank RMB 5820000 VM
GS[qrG
Dr. Financial Expenses RMB 180000 t{^*6XOcJ
Cr. Notes Receivable RMB 6000000 QwJVS(Gs4
(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: :cem,#(=
Dr. Non-operating Expenses RMB 3000000 XHK<AO^
Cr. Provisions RMB 3000000 B}Z63|/N
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 q<[P6}.
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,'x4c"
Dr. Provisions RMB 3000000 H]{v;;'~
Cr. Cash in Bank RMB 2500000 %Gz0^[+
Cr. Non-operating Income RMB 500000 nm5cpnNl
Required: S;3R 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. ,Ys %:>?
(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: z;{iM/Xe
(a)Inventory Turnover Rate in 20×8; );
!eow
(b)Gross Profit Ratio in 20×8; F\JM\{
&F
(c)After Tax Return on Total Assets in 20×8; and ;4R$g5-4X
(d)Current Ratio as at December 31, 20×8 v5!d$Vctu
(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. y~AVei&
【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。 &=Ar
以下是未经审计财务报表的部分信息: 5nv#+ap1 "
(单位:千元) LSa,1{
项目 20×8 20×7 Q('r<v96
营业收入 64 000 48 000 TyD4|| %
营业成本 54 000 42 000 V
wg|K|
净利润 30 -20 bhTb[r
@Owb?(6?
20×8年12月31日 20×7年12月31日 R}
eN@#"D
存货 16 000 12 000 ck ]Do
!h
流动资产 60 000 50 000 dpAjR
总资产 100 000 90 000 :~b3^xhc^
流动负债 20 000 18 000 ]fx"4qKM
总负债 30 000 25 000 rq8
K_zp
在审计过程中,约翰发现以下事项: .b3Qfxc>
(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: 1n >X[!
8x
借:银行存款5 820 000 \\r)Ue]
财务费用 180 000 tvkb~
贷:应收票据6 000 000 >:A ARx%
(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: l4 D
+Y
借:营业外支出 3 000 000 ocqU=^ta
贷:预计负债 3 000 000 *g:4e3Iy
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: a]JYDq`,3
借:预计负债 3 000 000 w k(VR
贷:银行存款 2 500 000 dsb `xw
营业外收入 500 000 -[*,^Ti`
要求: Hu\B"fdS
(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。 q}`${3qQ3
(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: 5A)2} D]
(a)20×8年存货周转率 =e/9&993
(b)20×8年销售毛利率 3QV *%
(c)20×8年总资产净利率 PlU*X8
(d)20×8年12月31日的流动比率 ciFmaM.
(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) yCd-9zb=
【答案】 1t:Q_j0Ym
(1)应选择营业收入作为计算重要性水平的基础。 $*
^kY;
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 hv`~?n)D66
iqC|G/
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 oz,np@f)J
销售毛利率=(64000-54000)/64000×100%=15.63% Ff$L|
总资产净利率=30/[(100000+90000)/2]=0.03% !^^?dRd*v
流动比率=60000/20000=3 6_J$UBT
(3) \s/s7y6b+
a.应建议做如下审计调整分录: ZOft.P O
借:应收票据 6 000 000 j2Cks_$:
贷:短期借款 5 820 000 fL_4uC i\
财务费用 180 000 ~x A-V4.
b.应建议做如下审计调整分录: Qiua
借:预计负债 3 000 000 3)F|*F3R
贷:营业外支出 500 000 j|4<i9^}
其他应付款 2 500 000 bV(Y`g