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)。 _:WNk(
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: y)a)VvU":
(Expressed in RMB thousands) WglpWp)
FINANCLAL STATEMENTS ITEMS yn_.
20×8 -ZyY95E<
20×7 wG9aX*(n
1ltW9^cF}
Sales >,h{`
64000 _[-W*,xJ)
48000 Dln1 R[
e-[PuJ
Cost of sales fOME&$=O
54000 bN03}&I
42000 x5V))~Ou
ewHs ]V+U
Net profit }L&LtW{X
30 ^FkB/j
-20 *?]<=IV?
{K6Z.-.`
8lGM
>(:o
December 31, 20×8 h/5S2EB0!O
December 31, 20×7 j"aY\cLr t
BV
}CmU&DA
Inventory Cl-P6NlR".
16000 he:z9EG}
12000 \7>*ULP
+^&i(7a[?
Current assets ?6hd(^
60000 gIusp917
50000 a]xGzv5
12m-$/5n+
Total assets G%;>_E
100000 \E<Qi3W>*
90000 dr+(C[=
hayJgkZ'
Current liabilities {"%a-*@%
20000 @"1Z;.S8V
18000 Y:L[Iz95
o
oP%5ymL%J
Total liabilities 32?'jRN(ue
30000 dJ Q
K|/
25000 ViMl{3
"DfjUk
5J|S6x\
During the audit, John has the following findings: *hJWuMfY,
(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: UcOP 0_/
Dr. Cash in Bank RMB 5820000 %7P]:G+Y\
Dr. Financial Expenses RMB 180000 9__B!vw:
Cr. Notes Receivable RMB 6000000 O(!;7v}
(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: S50}]5K
Dr. Non-operating Expenses RMB 3000000 WZPj?ou`G
Cr. Provisions RMB 3000000 e&U$;
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 dcD#!v\0
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: VHMQY*lk
Dr. Provisions RMB 3000000 w,vnpdT
Cr. Cash in Bank RMB 2500000 )h&@}#A09
Cr. Non-operating Income RMB 500000 k ,+,,W
Required: ge.>#1f}
(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: -N wic|
(a)Inventory Turnover Rate in 20×8; JGTsVa2
(b)Gross Profit Ratio in 20×8; 9d-'%Q>+
(c)After Tax Return on Total Assets in 20×8; and ( $2M"n
(d)Current Ratio as at December 31, 20×8 eOF*|9
(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. 3Il._]#
【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。 $p4e8j[EJ
以下是未经审计财务报表的部分信息: 3nc\6v%
(单位:千元) KV|D]}
项目 20×8 20×7 #$-?[c$>
营业收入 64 000 48 000 #k|f>D4
营业成本 54 000 42 000 b @0=&4
净利润 30 -20 gh\u@#$8
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20×8年12月31日 20×7年12月31日 f$kbb6juL
存货 16 000 12 000 G?=&\fg_:
流动资产 60 000 50 000 D"$Y, d
总资产 100 000 90 000 W&R67ff|
流动负债 20 000 18 000 n7K%lj-.P
总负债 30 000 25 000 f
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在审计过程中,约翰发现以下事项: f_[dFKoX
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 1/w8'Kf'u
借:银行存款5 820 000 }F!Uu
KR
财务费用 180 000 O65`KOPn
贷:应收票据6 000 000 IF|;;*Z8
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: T$%QK?B
借:营业外支出 3 000 000 amC)t8L?
贷:预计负债 3 000 000 Xb>SA|6[|
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: gN:F5 0
借:预计负债 3 000 000
cnQ2/ZZp~
贷:银行存款 2 500 000 Ui
(nMEon
营业外收入 500 000 5$'[R;r
要求: G$V=\60a-
(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。 R2a99# J
(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: {.AN4
(a)20×8年存货周转率 /KF@Un_Ow
(b)20×8年销售毛利率
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(c)20×8年总资产净利率 YX-j|m|
(d)20×8年12月31日的流动比率 nb=mY&q}~
(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) UCfouQ Cj
【答案】 EYj~Xj8_
(1)应选择营业收入作为计算重要性水平的基础。 FI[BZZW
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 kBcTXl
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 rC_1f3A
销售毛利率=(64000-54000)/64000×100%=15.63% df@N V Ld
总资产净利率=30/[(100000+90000)/2]=0.03% MQx1|>rG
流动比率=60000/20000=3 gggD "alDx
(3) abUO3
Y{
a.应建议做如下审计调整分录: I8)D
借:应收票据 6 000 000 |TMn
贷:短期借款 5 820 000 3lZl
财务费用 180 000 BQ Vro;#Jc
b.应建议做如下审计调整分录: fv+ET:T%
借:预计负债 3 000 000 vu^mLc
贷:营业外支出 500 000 S%}G 8Ty
其他应付款 2 500 000 ~ E6e~