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)。 xn1,
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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: d/\ajQ1::
(Expressed in RMB thousands) gN[^ ,u
FINANCLAL STATEMENTS ITEMS >*$Xbj*
20×8 XjTu`?Na;
20×7 ]aYuBoj
x}#N?d
Sales J#\oc@
64000 Myh?=:1~(c
48000 EEiWIf&S,
~Sx\>wBlc
Cost of sales l6.&<0pLT
54000 Twk
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42000 </W"e!?X
br*PB]dU
Net profit Au*1-
30 SA?1*dw)
-20 =tl~@~pqI
M0%nGpVj>
8(
bK\-b
December 31, 20×8 0R}hAK+| 4
December 31, 20×7 hbs /S
t"YN:y8-
Inventory m,ur{B8 :
16000 K+P a b ?
12000 aTs9lr:
l/A!ofc#)
Current assets 3!i{4/
60000 {8,_[?H
50000 So4#n7
ulfs Z:
Total assets j3j^cO[ 8v
100000 ){KrBaGa4
90000 +R"n_6N
nD}<zj$D2
Current liabilities LVd
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20000 XY<KLO%
18000 i#PR
Tbc
a >k9&
w
Total liabilities ..=lM:13|
30000 %Lq}5zB
25000 $_gv(&ZT
>S%}HSPKq
)/Oldyp
During the audit, John has the following findings: F1p|^hYDW
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: y (=0
Dr. Cash in Bank RMB 5820000 .I%B$eH
Dr. Financial Expenses RMB 180000 /'^BHA|h
Cr. Notes Receivable RMB 6000000 m3XT8F*&
(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: TV}=$\D
Dr. Non-operating Expenses RMB 3000000
!$<Kp6
Cr. Provisions RMB 3000000 ScRK1
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 !04^E
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: S(lqj6aa}
Dr. Provisions RMB 3000000 IEWl
I
Cr. Cash in Bank RMB 2500000 rY)m"'puP
Cr. Non-operating Income RMB 500000 &uI33=
Required: bnV)f<
(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. {vur9L
(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: v+CW([zAx#
(a)Inventory Turnover Rate in 20×8; rw75(Lp{
(b)Gross Profit Ratio in 20×8; D3y4e8+Z'
(c)After Tax Return on Total Assets in 20×8; and a&[>kO
(d)Current Ratio as at December 31, 20×8 <80M$a
g
(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. jRxzZt4
【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。 m~F ~9&
以下是未经审计财务报表的部分信息: oUB9)C~
(单位:千元) T7N\b]?j@Y
项目 20×8 20×7 l>)+HoD
营业收入 64 000 48 000 ozA%u,\7k
营业成本 54 000 42 000 /K_*Drk>
净利润 30 -20 4+4&}8FH
=q[ynZ8O\w
20×8年12月31日 20×7年12月31日 jI$7vmO
存货 16 000 12 000 ?XVox*6K&
流动资产 60 000 50 000 UN:cRH{?*
总资产 100 000 90 000 B9'2$s+Z;
流动负债 20 000 18 000 Kc+9n%sp
总负债 30 000 25 000 8an_s%,AW
在审计过程中,约翰发现以下事项: ~}Z{hs)
(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: $B OpjDV8
借:银行存款5 820 000 NC|VZwQtm
财务费用 180 000 1h`# H:
贷:应收票据6 000 000 {wD "|K
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: |xpOU*k
借:营业外支出 3 000 000 M*dou_Q
贷:预计负债 3 000 000 9W j9=
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: xww\L
&y
借:预计负债 3 000 000 pWKI^S
贷:银行存款 2 500 000 zF&_9VNk=c
营业外收入 500 000 2gnz=
要求: #vTF:r
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 g5
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: p&HkR^.S
(a)20×8年存货周转率 O\ w-hk
(b)20×8年销售毛利率 Qk&
6Z%
(c)20×8年总资产净利率 ~~#/jULbV
(d)20×8年12月31日的流动比率 (dym*_J
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) UO-,A j*wW
【答案】 ]K<7A!+@@p
(1)应选择营业收入作为计算重要性水平的基础。 tz2$j
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 f1t?<=3Ek<
Ua+Us"M3}
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 v&` n}lS
销售毛利率=(64000-54000)/64000×100%=15.63% ' &Nv|v\V
总资产净利率=30/[(100000+90000)/2]=0.03% 2-:` lrVd
流动比率=60000/20000=3 5=;'LWXCJ
(3) hxGo~<. :
a.应建议做如下审计调整分录: b =:%*gq,
借:应收票据 6 000 000 q&,uJo
贷:短期借款 5 820 000 FOqD
财务费用 180 000 3;Tsjv}
b.应建议做如下审计调整分录: Ky{C;7X
借:预计负债 3 000 000 U"K%ip:Wd
贷:营业外支出 500 000 ]kH8T'
其他应付款 2 500 000 R#/0}+-M