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)。 Bo4iX,zu
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: ef K
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(Expressed in RMB thousands) 3ih:t'N-
FINANCLAL STATEMENTS ITEMS 9Xe|*bT
20×8 @NYlVk2
20×7 1}q(Pn2
QE6L_\l
Sales awgS5We|
64000 H2{&da@D5
48000 N)EJP~0
Ssd7]G+n:
Cost of sales T5eJIc3a"
54000 o4H'
42000 OzV|z/R2'
ua!RwSo
Net profit 3oC^"7
23
30 ow9Vj$m
-20 IAd[_<9D
b6^#{))"
Z8:'_#^@a[
December 31, 20×8 &4m;9<8\
December 31, 20×7 08z?i
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Inventory 7
V=%&+
16000 (,['6k<
12000 MC_i"P6a
T#
3`&[
Current assets ug?#Oa
60000 l8 XY
50000 'ALe>\WO
yHmNO*(
Total assets S~ZRqL7ZO
100000 gcF V$
90000 qb PC5v
txix
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Current liabilities $uUJV% EX
20000 }4_c~)9Q
18000 "uU[I,h
}/VSIS@Z
Total liabilities 0E`6g6xMS
30000 ?j$*a7[
w
25000 pbNW
l/|4
98!H$6k
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During the audit, John has the following findings: <xAlp;8m5
(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: rm!.J0
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Dr. Cash in Bank RMB 5820000 /i
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Dr. Financial Expenses RMB 180000 QW>(LG G=
Cr. Notes Receivable RMB 6000000 [KsVI.gn
(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: m@y_Wt
Dr. Non-operating Expenses RMB 3000000 i; 3qMBVY~
Cr. Provisions RMB 3000000 8zH/a
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 l 5z8]/
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: C/!8NV1:4
Dr. Provisions RMB 3000000 lPn&,\9@~
Cr. Cash in Bank RMB 2500000 (=w ff5U
Cr. Non-operating Income RMB 500000 B=hJ*
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Required: 3L%g2`
(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. Kvh6D"
(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: )q'~<QxI\
(a)Inventory Turnover Rate in 20×8; D;OR?NdgvW
(b)Gross Profit Ratio in 20×8; } bEu+bZ
(c)After Tax Return on Total Assets in 20×8; and 1a;&&!X
(d)Current Ratio as at December 31, 20×8 -1 _7z{.
(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. bn8?-
【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。 d5tpw$A
以下是未经审计财务报表的部分信息: Q)ZkUmW
(单位:千元) P8;f^3V(+/
项目 20×8 20×7 !GBGC|avE
营业收入 64 000 48 000 fSzX /r
营业成本 54 000 42 000 eE[/#5tK
净利润 30 -20 gfAVxMg
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20×8年12月31日 20×7年12月31日 T(6B,
存货 16 000 12 000 k<\]={|=
流动资产 60 000 50 000 aoS]Qp
总资产 100 000 90 000 |cq%eN
流动负债 20 000 18 000 (r )fx
总负债 30 000 25 000 ?u8vK<2h
在审计过程中,约翰发现以下事项: /pDI
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(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: Id'@!U:NA
借:银行存款5 820 000 9TILrK
财务费用 180 000 s\i
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贷:应收票据6 000 000 .
G ~,h
(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: k0R;1lZ0n
借:营业外支出 3 000 000 R7!^ M
贷:预计负债 3 000 000
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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: G q
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借:预计负债 3 000 000 blA]z!FU
贷:银行存款 2 500 000 2-M]!x)
营业外收入 500 000 Zx}.mt#}8
要求: =m=utd8
(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。 >SZ9,K4Gs
(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:
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(a)20×8年存货周转率 1eDc:!^SD
(b)20×8年销售毛利率 2_HPsEx
(c)20×8年总资产净利率 ps6c>AN`A&
(d)20×8年12月31日的流动比率 er0ClvB
(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) $MG. I[h
【答案】 8M;G@ Q80
(1)应选择营业收入作为计算重要性水平的基础。 q3E_.{t
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Wy%F
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 U"v}br-kb
销售毛利率=(64000-54000)/64000×100%=15.63% _"`U.!3*
总资产净利率=30/[(100000+90000)/2]=0.03% IK-E{,iKc
流动比率=60000/20000=3 6'6@VB
(3) <WGl4#(k
a.应建议做如下审计调整分录: S
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借:应收票据 6 000 000 kM?p >V6
贷:短期借款 5 820 000 \$h LhYz-
财务费用 180 000 #YSUPO%F
b.应建议做如下审计调整分录: %.R_[.W
借:预计负债 3 000 000 ~4iIG}Y<
贷:营业外支出 500 000 0|:Ic,
其他应付款 2 500 000 oa?eK