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)。 \4;}S&` k
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: JO\F-xO
(Expressed in RMB thousands) ILsw'
FINANCLAL STATEMENTS ITEMS q/I':a[1
20×8 F'eV%g
20×7 &P
J&XTR
W(
O)J$j
Sales BEn,py7
64000 #SNwSx&
48000 {.vU;
6I,^4U
Cost of sales n}NO"eF>-s
54000 5[^pU$Y
42000 (8bo"{zI
tPD
d~fOk
Net profit 83rtQ;L
30 $LxfdSa
-20 UPs7{We W
>lZ9Y{Y4v
r*e<`Is
December 31, 20×8 s*A#;
December 31, 20×7 F(jvdq
h_O6Z2J1
Inventory 3ya
_47D
16000 :aYbP,mE
12000 ko-:)z
Yv="oG!xL
Current assets Q};g~b3
60000 6 w"-&
50000 $+#Lq.3,
v;!f
Total assets 7m{YWR0
100000 37:\X5)z/
90000 7#\\Ava$T
Aw]W- fx
Current liabilities HvhP9_MB
20000 {5<3./5O
18000 } v#Tm
Fu@2gd
Total liabilities $@H]0<3,
30000 %<4ZU!2L
25000 37j-FLbW
$kc*~V~
=&kd|o/i
During the audit, John has the following findings: Xbm\"g \
(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: %XIPPEHU
Dr. Cash in Bank RMB 5820000 gpo+-NnG
Dr. Financial Expenses RMB 180000 pf_(?\oz>
Cr. Notes Receivable RMB 6000000 G}MJWf Hl
(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: 5.1 c#rL
Dr. Non-operating Expenses RMB 3000000 !nPwRK>
Cr. Provisions RMB 3000000 cr;\;Ta_!W
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 F=/@D)hND
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: /wF*@ /PTH
Dr. Provisions RMB 3000000 >P@JiR<@\n
Cr. Cash in Bank RMB 2500000 hj~nLgpN
Cr. Non-operating Income RMB 500000 e.8(t
EqZ1
Required: "YUh4uZ~P
(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. *U[Nn5#?
(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: L.5 /wg
(a)Inventory Turnover Rate in 20×8; :cx}I
(b)Gross Profit Ratio in 20×8; +7HM7cw
(c)After Tax Return on Total Assets in 20×8; and VeLuL:4I
(d)Current Ratio as at December 31, 20×8 DOk(5gR
(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. znNJ
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【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。 s<}d)L(
以下是未经审计财务报表的部分信息: K6C@YY(
(单位:千元) h5vvizruy
项目 20×8 20×7 STfcx]L
营业收入 64 000 48 000 m[k@\xS4e
营业成本 54 000 42 000 G-vBJlt=t
净利润 30 -20 Iuh1tcc
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20×8年12月31日 20×7年12月31日 85QVj] nr
存货 16 000 12 000 Q
db~I#}m'
流动资产 60 000 50 000 !|SVRaS
总资产 100 000 90 000 3,Dc}$t
流动负债 20 000 18 000 p2(U'x
c
总负债 30 000 25 000 .BaU}-5
在审计过程中,约翰发现以下事项: ^e<"`e
(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: Wr3).m52}P
借:银行存款5 820 000 )QeXA)
财务费用 180 000 L?WF[nFR
贷:应收票据6 000 000 X4- _l$j
(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:
+lK?)77f
借:营业外支出 3 000 000 WAzYnl'p
贷:预计负债 3 000 000 ]\ fXy?2
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: BqF%2{
借:预计负债 3 000 000 V l,
V
贷:银行存款 2 500 000 gj\'1(Ju
营业外收入 500 000 J.R|Xd
要求: `7f><p/q
(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。 0`{3|g
(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: #u<^
(a)20×8年存货周转率 v,
=[!=8!
(b)20×8年销售毛利率 M/O4JZEqh
(c)20×8年总资产净利率 jbDap i<
(d)20×8年12月31日的流动比率 {giKC)!
(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) WcG!6.U>
【答案】 CG`s@5y>5
(1)应选择营业收入作为计算重要性水平的基础。 BA1|%:.
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 VE
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 R a> k
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销售毛利率=(64000-54000)/64000×100%=15.63% /b$0).fj@,
总资产净利率=30/[(100000+90000)/2]=0.03%
GT -(r+u
流动比率=60000/20000=3 }qqE2;{ND
(3) s,tZi6Z=%E
a.应建议做如下审计调整分录: S:\a&+og
借:应收票据 6 000 000 MS_@
Xe
贷:短期借款 5 820 000 r-r)'AAO
财务费用 180 000 6:(R/9!P
b.应建议做如下审计调整分录: <c,/+
lQ^
借:预计负债 3 000 000 G>3]A5
贷:营业外支出 500 000 >z(AQ
其他应付款 2 500 000 $?Et sf#*'