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)。 h3lDDyu
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: f>5RAg
(Expressed in RMB thousands) @."o:K
FINANCLAL STATEMENTS ITEMS M&ij[%i
20×8 6)U&XWH0
20×7 ~8m>DSs)D
bVeTseAG
Sales MH.,s@
64000 i
f<<lq
48000 -k
<9v.:
qZJ*J+
Cost of sales Di'u%r
54000 iHn!KV
42000 0Mu8ZVI{
unnx#e]
Net profit DjzUH{6O
30 gc@#O#K~h^
-20 8KtgSash
d
`kM0C
:dguQ|e
December 31, 20×8 E)O|16f|>
December 31, 20×7 H~|%vjH
@7s,|\
Inventory qysa!B
16000 Dum`o^l#
12000 6rQpK&Jx
GD[ou.C}k
Current assets p$nK@t}
60000 E^ok`wfO
50000 mp,e9Nd;
ES\Q5)t/fo
Total assets :pDY
100000 N4H+_g|
90000 Dw`m>'J0
EotwUT|
Current liabilities 8F^,8kIR
20000 l}0V+
18000 `GQiB]Z
Z SRRlkU
Total liabilities T1QsW<*j
30000 w2d]96*kQe
25000 G|-\T(&J
lW$&fuDHF
Q*:h/Lhb&
During the audit, John has the following findings: eky(;%Sz
(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: :5S |x/
Dr. Cash in Bank RMB 5820000 S&3X~jD(1
Dr. Financial Expenses RMB 180000 Dk`4bYK
Cr. Notes Receivable RMB 6000000 A!{.|x[S44
(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: +^*5${g;@H
Dr. Non-operating Expenses RMB 3000000 {@V3?pG?p
Cr. Provisions RMB 3000000 WY"Y)S
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 gr>o
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: /> 3
Dr. Provisions RMB 3000000 /S]:dDY9K
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 ojx'g8yO
Required: Y=a v8Y|`
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 2{e dW+
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: u`Z
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(a)Inventory Turnover Rate in 20×8; 0\'Q&oTo
(b)Gross Profit Ratio in 20×8; I
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(c)After Tax Return on Total Assets in 20×8; and JOrELrMx
(d)Current Ratio as at December 31, 20×8 (/U)>%n
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. ypD<2z^
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ,\lYPx\P[
以下是未经审计财务报表的部分信息: 0+}EA[
(单位:千元) {}_ Nep/;
项目 20×8 20×7 d&|z=%9xl
营业收入 64 000 48 000 >gk z4.*
营业成本 54 000 42 000 I vTzPPP
净利润 30 -20 RCBf;$O
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20×8年12月31日 20×7年12月31日 7m:|u*ij2~
存货 16 000 12 000 kmlG3hOR,
流动资产 60 000 50 000 ]C16y.
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总资产 100 000 90 000 Y=vVxVI\
流动负债 20 000 18 000 Ot`LZ"H:
总负债 30 000 25 000 c62dorDqy
在审计过程中,约翰发现以下事项: <NG/i i=
(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: &8<<!#ob
借:银行存款5 820 000 YDQ:eebg(
财务费用 180 000 6a4 'xq7
贷:应收票据6 000 000 zoZ<)x=;
(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: ,VNi_.W0
借:营业外支出 3 000 000 ~+O `9&
贷:预计负债 3 000 000 jR{-
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: JEW
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借:预计负债 3 000 000 yoBgr7gS
贷:银行存款 2 500 000 [%@2o<
营业外收入 500 000 k"xGA*B|
要求: I|,pE**T
(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。 *16<M)7
(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: aUH\Ee^M:R
(a)20×8年存货周转率 5D,.^a1 A
(b)20×8年销售毛利率 T@TIzz
(c)20×8年总资产净利率 ?y~TC qV
(d)20×8年12月31日的流动比率 M.>^{n$
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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) eV"!/A2:N5
【答案】 U|gpC
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(1)应选择营业收入作为计算重要性水平的基础。 M|\^UF2e
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 !z11"
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 v" }WP34
销售毛利率=(64000-54000)/64000×100%=15.63% :e*D
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总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 3&'2aW
(3) pb!V|#u"
a.应建议做如下审计调整分录: lnS(&`oh\=
借:应收票据 6 000 000 %2f//SZ:
贷:短期借款 5 820 000 Sw~(uH_l
财务费用 180 000 eGm:)
b.应建议做如下审计调整分录: qnB<k,8T
借:预计负债 3 000 000 dsJm>U
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贷:营业外支出 500 000 :Sr?6FPc
其他应付款 2 500 000 a1Hz3y~S/