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)。 uPp9
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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: {|jrYU.k~
(Expressed in RMB thousands) PN +<C7/
FINANCLAL STATEMENTS ITEMS QIcg4\d%s
20×8 _kJ?mTk
20×7
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Sales 9AbSt&#
64000 3 E~d
48000 dp&bcR)
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Cost of sales EZz`pE
54000 B!#F!Wk"
42000 W$l%= /
d- wbZ)BR
Net profit T9N&Nh7 3
30 Je5UVf3>2&
-20 RgPY,\_9+
n1Y3b~E?E
T\Zq/Z\
December 31, 20×8
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December 31, 20×7 XHN`f#(w
K yqFeR
Inventory H,?)6pZ
16000 S!/N
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12000 /!u#S9_B
d+6 by,'
Current assets -quWnn/
60000 @_O,0d
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50000 uMB|x,X I
c04"d"$ x
Total assets "DW; 6<m
100000 X1P_IB
90000 <IX)D `mf
%
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Current liabilities rRfPq
20000 `wyX)6A|bt
18000 =Wl*.%1 b
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Total liabilities
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30000 ddR_+B*H
25000 WdA6Y
Z1(-FT6O
wc-ll&0Z
During the audit, John has the following findings: $S"QyAH~-a
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: X@ljZ
Dr. Cash in Bank RMB 5820000 'm;M+:l
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Dr. Financial Expenses RMB 180000 owA0I'|V-A
Cr. Notes Receivable RMB 6000000 ~vCfMV[F
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: +Rtz`V1d
Dr. Non-operating Expenses RMB 3000000 .Y.{j4[LQ
Cr. Provisions RMB 3000000 lZ3o3"
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 F^],p|4f
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: G]Jchg <
Dr. Provisions RMB 3000000 h-XMr_F
Cr. Cash in Bank RMB 2500000 +Oae3VFf;
Cr. Non-operating Income RMB 500000 yrDWIU(8;6
Required: 4LCgQS6
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 3b_tK^|'
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: I92c!`{
(a)Inventory Turnover Rate in 20×8; ,sAN,?eG~
(b)Gross Profit Ratio in 20×8; R|Oy/RGY$
(c)After Tax Return on Total Assets in 20×8; and kXj%thDx
(d)Current Ratio as at December 31, 20×8 Fm
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(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. !n=@(bT*wT
【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%VBBvk
以下是未经审计财务报表的部分信息: g5EdW=Dt,
(单位:千元) XsldbN^6
项目 20×8 20×7 n0X_m@
营业收入 64 000 48 000 "EoC7
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营业成本 54 000 42 000 ;w(]z
净利润 30 -20 `.# l_-U{
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20×8年12月31日 20×7年12月31日 q2I;Ly\3o
存货 16 000 12 000 XA[GF6W,Y
流动资产 60 000 50 000 u}QB-oU
总资产 100 000 90 000 WC!b B
流动负债 20 000 18 000 6~b~[gA
总负债 30 000 25 000 9<An^lLK*
在审计过程中,约翰发现以下事项: Nk-biD/J
(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: /H)K_H#|;
借:银行存款5 820 000 w8t,?dY
财务费用 180 000 gTK5z.]
贷:应收票据6 000 000 ;Yrg4/Ipa
(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:
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借:营业外支出 3 000 000 q8:Z.<%8
贷:预计负债 3 000 000 {cF7h)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: n9;+RhxA
借:预计负债 3 000 000 ObC
贷:银行存款 2 500 000 b$sw`Rsw
营业外收入 500 000 S9Fg0E+J
要求: bQ-5uFe~$B
(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。 5Wj+ey^^w
(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: PN{l)&K2.
(a)20×8年存货周转率 oZO6J-ea
(b)20×8年销售毛利率 ^4LkKYMS
(c)20×8年总资产净利率 _nR8L`l*z
(d)20×8年12月31日的流动比率 QZBXI3%#s
(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) K\&A}R
【答案】 BoB2q(
(1)应选择营业收入作为计算重要性水平的基础。 (o
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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。 uQN8/Gy*J
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 N\<RQtDg
销售毛利率=(64000-54000)/64000×100%=15.63% u9
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总资产净利率=30/[(100000+90000)/2]=0.03% 0&U,WA
流动比率=60000/20000=3 M/5e4b
(3) &nk6_{6
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a.应建议做如下审计调整分录:
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借:应收票据 6 000 000 p\o=fcH%E
贷:短期借款 5 820 000 MN2#
财务费用 180 000 oK h#
th
b.应建议做如下审计调整分录: lKs*KwG
借:预计负债 3 000 000 T0
W B
贷:营业外支出 500 000 4Vj|k\vE4
其他应付款 2 500 000 ?@9kVB*|