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)。 c?/R=/H
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!cLEG!G
(Expressed in RMB thousands) uexm|5|
FINANCLAL STATEMENTS ITEMS ]}za
20×8
ib,BYFKEW
20×7 :MF F*1
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Sales Af`qe+0E
64000 +5k^-
48000 P2t{il
F3Y/Miw
Cost of sales ~M!9
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54000 IHs^t/;Iv
42000 qtI42u{
~w,c6Z
Net profit v"I#.{LiH=
30 VHbQLJ0
-20 1v
M'yr$
vhz[ H
]aDU* tk
December 31, 20×8 6 *GR_sMm
December 31, 20×7 0LW|5BVbIO
oj'a%mx
Inventory n]Z() "D
16000 +k<0:Fi
12000 e,cSB!7
oWP3Y.
Current assets 8rEUZk
60000 \v]esIP5R'
50000 {S6:LsFfm
p\).zuEf.
Total assets vWh]1G#'p[
100000 qH9bo-6
90000 E8LZ%
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Current liabilities pG-9H3[f#
20000
PZ[hH(EX
18000 921m'WE
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v
Total liabilities E/:mO~1< c
30000 8TH fFL
25000
rFLm!J]
->S# `"@$
g-8D1.U
During the audit, John has the following findings: hziPHuK9,
(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: !$Whftg
Dr. Cash in Bank RMB 5820000 [zsUboCkc
Dr. Financial Expenses RMB 180000 5z=.Z\M`8
Cr. Notes Receivable RMB 6000000 p2I9t|
(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: ,3P@5Ef
Dr. Non-operating Expenses RMB 3000000 QMQ\y8E
Cr. Provisions RMB 3000000 D~T;z pS
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 .kf FaK
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: (M;jnQ0
Dr. Provisions RMB 3000000 Po*G/RKu4W
Cr. Cash in Bank RMB 2500000 ,u@Vi0
Cr. Non-operating Income RMB 500000 h( V:-D
Required: -`s_md0BM
(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. p*5QV
(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: /<e<-C*d&<
(a)Inventory Turnover Rate in 20×8; >X58 zlxk
(b)Gross Profit Ratio in 20×8; NfsF'v
(c)After Tax Return on Total Assets in 20×8; and {?YBJnG}x
(d)Current Ratio as at December 31, 20×8 6cVJu%<V
(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. F[5sFkM7
【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。 F~Sw-b kSf
以下是未经审计财务报表的部分信息: QJ^'Uyfdn
(单位:千元) ?K!^[aO}=
项目 20×8 20×7 &peUC n
营业收入 64 000 48 000 y3Qb2l
营业成本 54 000 42 000 W&Xm_T[Q
净利润 30 -20 4^3lG1^YY
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20×8年12月31日 20×7年12月31日
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存货 16 000 12 000 CY</v,\:#
流动资产 60 000 50 000 {^*K@c
总资产 100 000 90 000 Yj{-|2YzL
流动负债 20 000 18 000 8:gUo8
总负债 30 000 25 000 CwdeW.A"j
在审计过程中,约翰发现以下事项: =~P)7D6
(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: ; nc3O{rU
借:银行存款5 820 000 ~Iz{@Ep*
财务费用 180 000 X"EZpJ'W
贷:应收票据6 000 000
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(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:
ANuO(^
借:营业外支出 3 000 000 !4vepa}Y
贷:预计负债 3 000 000 MG-#p8
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: !L3\B_#
借:预计负债 3 000 000 r>_40+|&
贷:银行存款 2 500 000 ,vcd>"
PK
营业外收入 500 000 pZ)N,O3
要求: *o}7&Hw#9f
(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。 ]9lR:V
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(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: 3k# h!Z
(a)20×8年存货周转率 i TLX=.M
(b)20×8年销售毛利率 :v B9z
(c)20×8年总资产净利率 QruclNW{Bv
(d)20×8年12月31日的流动比率 77H"
=
(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) qtlcY8!
【答案】 n`.JI(|
(1)应选择营业收入作为计算重要性水平的基础。 {v,NNKQ4x
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 K:q|M?_
V {C{y5
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 `DS7J\c$
销售毛利率=(64000-54000)/64000×100%=15.63% FjV)QP H
总资产净利率=30/[(100000+90000)/2]=0.03% {wh, "Ok_
流动比率=60000/20000=3 |crm{]7X
(3) Pr
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a.应建议做如下审计调整分录: ksy]t|
借:应收票据 6 000 000 o0 |T<_
贷:短期借款 5 820 000 SsCV}[
财务费用 180 000 })umg8s
b.应建议做如下审计调整分录: jK\AVjn
借:预计负债 3 000 000 #pnB+h&tE
贷:营业外支出 500 000 j@.^3:
其他应付款 2 500 000 +'9E4Lpx