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)。 -s&7zqW
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: >^J
(Expressed in RMB thousands) bT c^huP
FINANCLAL STATEMENTS ITEMS
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20×8 !eA6Ejf
20×7 <m0m8p"G
dLtmG:II
Sales pz ~REsx
64000 Wo7`gf_ (
48000 >TG#
4b
1a?
Cost of sales ,iMdv+
54000 [Y-3C47
42000 bEB9J-
Q
I/)*pzt8
Net profit pIl[)
%F
30 6ac_AsFK
-20 ;uN&yj<}a
3"LT ''
e`bP=7`0
December 31, 20×8 sOhKMz
December 31, 20×7 0 LQ%tn
Ls/*&u
Inventory _|wnmeL*
16000 L!0}&i;u~5
12000 f[Xsri
0S&C[I
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Current assets 4azqH;i
60000 }.r)
50000 O PJ(ub
BY>]6SrP
Total assets Svt%*j
100000 46gDoSS
90000
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Current liabilities EL(BXJrx{
20000 l0=VE#rFl
18000 <6.?:Jj
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Total liabilities R#4f_9e<Z
30000 0.0r?T
25000
FXh*!%"*
j9f[){m`
7[:?VXQ
During the audit, John has the following findings: FYIz_GTk
(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: @
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Dr. Cash in Bank RMB 5820000 \]0+J
Dr. Financial Expenses RMB 180000 : $N43_Wb
Cr. Notes Receivable RMB 6000000 )0zg1z
(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: cp2a @
Dr. Non-operating Expenses RMB 3000000 O:Wd
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Cr. Provisions RMB 3000000 gUH|?@f
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;jh.\a_\
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: G6p R?K+
Dr. Provisions RMB 3000000 aj]pN,g@N
Cr. Cash in Bank RMB 2500000 &Xi]0\M)
Cr. Non-operating Income RMB 500000 ";TqYk=-
Required: ]T._TZ"
(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. V\=%u<f
(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: T[kS;-x
(a)Inventory Turnover Rate in 20×8; ~(]'ah,
(b)Gross Profit Ratio in 20×8; Mo]a
B:a
(c)After Tax Return on Total Assets in 20×8; and 11RqP:zg
(d)Current Ratio as at December 31, 20×8 W4"1H0s`l
(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. $ZlzS`XF7
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 A`1-c
以下是未经审计财务报表的部分信息: /$^SiE+N
(单位:千元) CEJqo8ds
项目 20×8 20×7 C:z7R" yj
营业收入 64 000 48 000 +>Pq]{Uf1j
营业成本 54 000 42 000 F&HvSt}l5
净利润 30 -20 m@"p#pt(_
f('##pND@
20×8年12月31日 20×7年12月31日 Y8for'
存货 16 000 12 000 vHN/~k#
流动资产 60 000 50 000 .F3~eas
总资产 100 000 90 000 r{wf;5d(
流动负债 20 000 18 000 !eP0b~$/^J
总负债 30 000 25 000 +de5y]1H,|
在审计过程中,约翰发现以下事项: \`W8#fob
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: /4$ c-k
借:银行存款5 820 000 ^ #3,*(S
财务费用 180 000 e#@u&+K/f
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: 2=$ F*B>9
借:营业外支出 3 000 000 k#G+<7c<
贷:预计负债 3 000 000 ;}'Z2gZB
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: 8#IEE|1
借:预计负债 3 000 000 p1s|JI
贷:银行存款 2 500 000 l"%WXi"X
营业外收入 500 000 uFL!
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要求: O@>{%u
(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。 3935cxT1U
(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: +/rh8?
(a)20×8年存货周转率
pp()Hu3J
(b)20×8年销售毛利率 06I(01M1
(c)20×8年总资产净利率 X/H2c"!t
(d)20×8年12月31日的流动比率 9#a/at]
(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) caZ
EZk#r;
【答案】 =Ds&ArG
(1)应选择营业收入作为计算重要性水平的基础。 4"eeEs h
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 EGjzjuJu{
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 LG'1^W{a
销售毛利率=(64000-54000)/64000×100%=15.63% aZ}z/.b]
总资产净利率=30/[(100000+90000)/2]=0.03% }D
Q[C&
流动比率=60000/20000=3 |T{ZDJ+
(3)
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a.应建议做如下审计调整分录: vqo ~?9z[e
借:应收票据 6 000 000 ,.V=y%
贷:短期借款 5 820 000 y2Vc[o(NP
财务费用 180 000 Fl++rUT
b.应建议做如下审计调整分录: XQcE
ZJ2
借:预计负债 3 000 000 soqnr"
1
贷:营业外支出 500 000 $}P>_bq
其他应付款 2 500 000 >HRLL\u9