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)。 ]E'BFon
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: _;(`u!@/{
(Expressed in RMB thousands) Ec
IgX_\
FINANCLAL STATEMENTS ITEMS
*vt5dxB
20×8 aSdh5?
20×7
!>fYD8Ft,
b~X^vXIv%%
Sales K~ ,|~
64000 J!5BH2bg
48000 xFxl9oM."
1c_gh12
Cost of sales Ri4t/H
54000 **_`AM~
42000 ?PVJeFH
y6NOHPp@
Net profit ;, P-2\V/
30 y_EkW
f
-20 F}3<q
pm$2*!1F(
MJNY#v3
December 31, 20×8 3D_Ky Z~M+
December 31, 20×7 CvfXm
S^q)DuF5!
Inventory HDQhXw!!hc
16000 [
[]'U'
12000 h/~:}Bof
n,sf$9"
Current assets {Hncm
60000 SY\ UuZ
50000 4w,=6|#
0\v98g<[+
Total assets piYv}4;:(
100000 Vp8t8X1`
90000 <!b~7sZkTc
q/y4HT,x
Current liabilities HT]W2^k
20000 L%](C
18000 [Du@go1C
1'ne[@i^/
Total liabilities i9Fg
30000 9$,x^Qx
25000 eduaG,+k7p
GC?X>AC:
\zj _6Os
During the audit, John has the following findings: 5G .Fi21
b
(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: %Q]u_0P*
Dr. Cash in Bank RMB 5820000 @L^Fz$Sx
Dr. Financial Expenses RMB 180000 YnnpgR.
Cr. Notes Receivable RMB 6000000 TymE(,1
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: s2Gi4fY?
Dr. Non-operating Expenses RMB 3000000 u\YH,
Cr. Provisions RMB 3000000 wMy$T<:
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 _;mN1Te
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: 8N<0|u
Dr. Provisions RMB 3000000 g\MHv#v*k
Cr. Cash in Bank RMB 2500000 7#n<d879e%
Cr. Non-operating Income RMB 500000 p7(Pymkd
Required: [NcS[*qp
(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. (Wkli:Lq
(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: (IXiwu
(a)Inventory Turnover Rate in 20×8; mv@cGdxu
(b)Gross Profit Ratio in 20×8; ?pgdj|"a
(c)After Tax Return on Total Assets in 20×8; and lB!`,>"c
(d)Current Ratio as at December 31, 20×8 :xw2\:5~0
(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. =4GJYhj
【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。 Z09FW>"u
以下是未经审计财务报表的部分信息: WqN=D5
(单位:千元) PfX{n5yBW8
项目 20×8 20×7 X!5N2x
营业收入 64 000 48 000 M=[ /v/M=
营业成本 54 000 42 000 ;9r
Z{'i+|
净利润 30 -20 {Z[yY6Nu
9xWC<i
20×8年12月31日 20×7年12月31日 97:1L4w.(
存货 16 000 12 000 YwGc[9=n
流动资产 60 000 50 000 f.V;Hl,
总资产 100 000 90 000 '!`%!Xg
流动负债 20 000 18 000 /x.TF'Z*
总负债 30 000 25 000 ]2G5ng' @
在审计过程中,约翰发现以下事项: \~xI#S@
(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: 8Ml&lfn_8
借:银行存款5 820 000 4GJ1P2
财务费用 180 000 ={' "ATX(U
贷:应收票据6 000 000 f])?Gw
(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: jB }O6u[%
借:营业外支出 3 000 000 7t-j2 n`<
贷:预计负债 3 000 000 "^-U#f>k
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: "cjZ6^Hum
借:预计负债 3 000 000 0?uX}8w
贷:银行存款 2 500 000 A(duUl~
营业外收入 500 000 <B6@q4Q
要求: N/)mw/?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。 $,08y
(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: WujIaJt-
(a)20×8年存货周转率 g+/%r91hZ
(b)20×8年销售毛利率 4mOw[}@A
(c)20×8年总资产净利率 \C.%S +
u
(d)20×8年12月31日的流动比率 ,CW]d#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) zi:F/TlUC
【答案】 p>v,b&06
(1)应选择营业收入作为计算重要性水平的基础。 >4TJH
lB}8
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 8)/i\=N3;
3ojK2F(1D
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 J#Fe"
销售毛利率=(64000-54000)/64000×100%=15.63% y8: 0VZox
总资产净利率=30/[(100000+90000)/2]=0.03% FD(zj ^*
流动比率=60000/20000=3 KsYT3
(3) /R#-mY
a.应建议做如下审计调整分录: FtN1ZZ"<*
借:应收票据 6 000 000 .;WJ(kB\U
贷:短期借款 5 820 000 Fk D
财务费用 180 000 2>Kq)Ii
b.应建议做如下审计调整分录: z.16%@R
借:预计负债 3 000 000 ]i*q*]x2u
贷:营业外支出 500 000 "M6a_rZ2W
其他应付款 2 500 000 ^vm[`M