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)。 ||_F
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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: 2C-RoZ~
(Expressed in RMB thousands) J7E/2Sl
FINANCLAL STATEMENTS ITEMS 6zNN 8
20×8 _c #P
20×7 F,EHZ,<V
i>w>UA*t
Sales lX7#3ti:
64000 KztF#[64W^
48000 (8>k_
Rdv"Aj:
Cost of sales ry
U0x
54000 GvVuF S>y
42000 g6*}&.&
dk3\~m%Pv
Net profit xr?r3Y~^e
30 ,Qh4=+jwqn
-20 eq/s8]uM
2<J82(4j
1-
b,X]i
December 31, 20×8 rFmE6{4:p
December 31, 20×7 K+GjJ8
^7_<rs
Inventory fh 2Pn!h+
16000 Q.8Jgel1
12000 \ oL+O|
=Of#Ps)
Current assets {fS/ZG"5<t
60000 >&$V"*]
50000 >4ALF[oH1J
@%jzVF7
Total assets RSkpf94`
100000 ~7Jc;y&
90000 MZ+"Arzb
_mO\Nw0
Current liabilities D)!k
20000 u{_T,k<!
18000 8EP^M~rv
)_&<u\cm
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Total liabilities ao,LP,_
30000 S5uV\Y/A
25000 N
.Ssz
Zh
>uUbWKn3
%b_zUFHPp
During the audit, John has the following findings: ]IoS-)$Z/
(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: Db3tI#
Dr. Cash in Bank RMB 5820000 EoY570PN
Dr. Financial Expenses RMB 180000 U3Dy:K[
Cr. Notes Receivable RMB 6000000 $AX!L+<!
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Oi{jzP
Dr. Non-operating Expenses RMB 3000000 9> (8r+
Cr. Provisions RMB 3000000 vu*08<M~i|
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 +XIN-8
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: b.t]p
Dr. Provisions RMB 3000000 )X7ZX#ttH
Cr. Cash in Bank RMB 2500000 =6%0pu]0
Cr. Non-operating Income RMB 500000
4f/8APA
Required: T0G
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. =izB :
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: <2R=!n@b\
(a)Inventory Turnover Rate in 20×8; OgzPX^q/=
(b)Gross Profit Ratio in 20×8; ,
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(c)After Tax Return on Total Assets in 20×8; and Cx@, J\rsQ
(d)Current Ratio as at December 31, 20×8 Ml)WY#7
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. &K\di*kN
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ;1o"Oij
以下是未经审计财务报表的部分信息: `5gcc7b
(单位:千元) LUCpZ3F1
项目 20×8 20×7 3L;)asF
营业收入 64 000 48 000 rA_e3L@v#[
营业成本 54 000 42 000 {0[qERj"z
净利润 30 -20 ho0T$hB
iaR'):TD
20×8年12月31日 20×7年12月31日 g{nu3F}8){
存货 16 000 12 000 rK`*v*
流动资产 60 000 50 000 dM$]OAT
总资产 100 000 90 000 gsZCWT
流动负债 20 000 18 000 'g$|:bw/
总负债 30 000 25 000 '\\J95*`
在审计过程中,约翰发现以下事项: 4w\')@`[jk
(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: jaDZPX-yS
借:银行存款5 820 000 z43 H]
财务费用 180 000 |}#Rn`*2y
贷:应收票据6 000 000 o05) I2
(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: Ldig/:
借:营业外支出 3 000 000 2.CI^.5&
贷:预计负债 3 000 000 #2n>J'}
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: 9GCxF`OB
借:预计负债 3 000 000 <oO^w&G
贷:银行存款 2 500 000 2N>:GwN
营业外收入 500 000 ;Qw>&24h[
要求: &%FpNU9
(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。 P=V~/,>SZ!
(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: zg "<N
(a)20×8年存货周转率 I]zCsT.
(b)20×8年销售毛利率 r`mfLA]d
(c)20×8年总资产净利率 O'_D*?
(d)20×8年12月31日的流动比率 (?$
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(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) ;i\i+:=
【答案】 )=2iGEVW
(1)应选择营业收入作为计算重要性水平的基础。 (L
q^C=
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 M$|^?U>cm
A5/Q:8b
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 [1l ,I
[
销售毛利率=(64000-54000)/64000×100%=15.63% R ]HHbD&;
总资产净利率=30/[(100000+90000)/2]=0.03% {PdyKgM
流动比率=60000/20000=3 Xul<,U~w6
(3) }oloMtp
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a.应建议做如下审计调整分录: :+en8^r%
借:应收票据 6 000 000 !,|yrB&`S
贷:短期借款 5 820 000 3~"G27,
财务费用 180 000 _0ep[r
b.应建议做如下审计调整分录: >^kRIoBkg
借:预计负债 3 000 000 V"k*PLt
贷:营业外支出 500 000 {&G0jsA
其他应付款 2 500 000 0o c5ahp