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)。 *9ub.:EUwV
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: N>Y50
(Expressed in RMB thousands) $#FlnM<=
FINANCLAL STATEMENTS ITEMS $
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20×8 Z*>/@ J}
20×7 pQ:PwyU
(zDk68=v
Sales >#U<#
64000
Z:J.FI@
48000 d
KQV4dc>
4`P2FnJ?
Cost of sales b Ne\{k
54000 %N>NOk)
42000 3ZlGbP#3w
L{A-0Ffh
Net profit nSQ}yqM)
30 tZCe?n]
-20 hYXZ21(K#
+Z<Q^5w@
ls7A5 <
December 31, 20×8 q;zf|'&*7C
December 31, 20×7 akW3\(W}
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Inventory <ii1nz
16000 G0
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12000 ;Fem<p)V
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Current assets ^+Vk#_2Q
60000 %s@S|<
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50000 Rw\C0'
7$'mC9
Total assets jJ"EGFa8
100000 >-@ U_p
90000 ;;'a--'"
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Current liabilities TBKd|D'H
20000 'cF%4F
18000 :-\ yy
ivX37,B\bS
Total liabilities RYZE*lWUh
30000 51M^yG&M
25000 =8~R$z%
s9rtXBJP
-yAnn
During the audit, John has the following findings: [)SR$/A
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: Lkl|4L
Dr. Cash in Bank RMB 5820000 ^~6] 0$yJ
Dr. Financial Expenses RMB 180000 |^PLZ>
Cr. Notes Receivable RMB 6000000 <@e+-$
(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: X
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Dr. Non-operating Expenses RMB 3000000 .K@x4
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Cr. Provisions RMB 3000000 hygnC`|
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 RzzFhU#r
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: Y
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Dr. Provisions RMB 3000000 j:e^7|.
Cr. Cash in Bank RMB 2500000 &
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Cr. Non-operating Income RMB 500000 G?ugMl}
Required: 1U7,X6=~
(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. <m>l-]
(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: }PFt
(a)Inventory Turnover Rate in 20×8; $,;S\JmWP
(b)Gross Profit Ratio in 20×8; \POnsM)+l
(c)After Tax Return on Total Assets in 20×8; and ^V: "zzn&
(d)Current Ratio as at December 31, 20×8 T")i+v
(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. MxgLzt
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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。 !b7'>b'J<1
以下是未经审计财务报表的部分信息: R#/?AD&
(单位:千元)
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项目 20×8 20×7 Jh\:X<q
营业收入 64 000 48 000 9si}WqAw
营业成本 54 000 42 000 `.>k)=F&
净利润 30 -20 "X5_-l
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20×8年12月31日 20×7年12月31日 Vm~qk
存货 16 000 12 000 fK'.wX9
流动资产 60 000 50 000 2gwZb/'i
总资产 100 000 90 000 _V& !4Zd9:
流动负债 20 000 18 000 5c]}G.NV
总负债 30 000 25 000 &"[)s[m+t
在审计过程中,约翰发现以下事项: U=kx`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: ';b3Mm
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借:银行存款5 820 000 M?Ndy*]
财务费用 180 000 xJ~
gT
贷:应收票据6 000 000 ~{4n}*
(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: ~!ZmF(:
借:营业外支出 3 000 000 *#1y6^
贷:预计负债 3 000 000 [7gYd+s
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: gMs+?SNHAh
借:预计负债 3 000 000 ym|NT0_0
贷:银行存款 2 500 000
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营业外收入 500 000 W|25t)cJ8h
要求: !/j,hO4Z4
(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。 }!%JYG^!D
(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: `/O`OrZ1K
(a)20×8年存货周转率 Q(510)
(b)20×8年销售毛利率 3`A>j"
(c)20×8年总资产净利率 FxCZRo&
(d)20×8年12月31日的流动比率 MzQ\rg_B7
(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) D<U
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【答案】 D XV@DQ
(1)应选择营业收入作为计算重要性水平的基础。 V@D]bV@4
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 uf)W-Er6~
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ;} l T
销售毛利率=(64000-54000)/64000×100%=15.63% #?{qlgv<p
总资产净利率=30/[(100000+90000)/2]=0.03% sM9FE{,mx
流动比率=60000/20000=3 #:J:YMv
(3) Wy<[(Pd
a.应建议做如下审计调整分录: ~|r~NO
7[
借:应收票据 6 000 000 }zFf0.82
贷:短期借款 5 820 000 _eJXi,
财务费用 180 000 nbI=r+
b.应建议做如下审计调整分录: [o2w1R\H+x
借:预计负债 3 000 000 X^}A*4j
贷:营业外支出 500 000 7J9l
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其他应付款 2 500 000 ^GMJ~[]