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)。
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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: 9:7&`JlC#
(Expressed in RMB thousands) Tua#~.3}J
FINANCLAL STATEMENTS ITEMS \vgM`3
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20×8 S6{u(=H
20×7 Bh7dAV(
l8+;)2p!
Sales tHFBL
M
64000 LUEZqIf
48000 ddw^oU
g5t`YcL
Cost of sales ._6e#=
54000 `vD.5
42000 s ?|Hw|j
$j
"BHpN
Net profit c:2LG_mQ
30 l
Me+.P|
-20 S&NWZ:E3[
^<Zye>KO
9
OZXs2~x
December 31, 20×8 Nq#B4Zx
December 31, 20×7 j7b 4wH\#
/-Nq DRmJ
Inventory ,=dc-%J
16000 ^AC2 zC
12000 [p_<`gU?
uEr[' >
Current assets Dq`$3ZeA
60000 z,(.` %h
50000 mj&$+z M>
; - 8]
Total assets 4}Yn!"jW&
100000 ) h=[7}|
90000 ;8yEhar
"8/BVW^bv
Current liabilities CwwZ~2
20000 0}WDB_L
18000 l]
S% k&
15M!erT
Total liabilities uVa`2]NV r
30000 ov,[F<GT
25000 9)D9'/{L#
NB3ar&.$S
oq2-)F2/
During the audit, John has the following findings: 6/&|)gW',
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: '?d5L+9
Dr. Cash in Bank RMB 5820000 6Tsi^((Li
Dr. Financial Expenses RMB 180000 'LC0hoV
Cr. Notes Receivable RMB 6000000 q:9CFAX0=
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: *`V r P
Dr. Non-operating Expenses RMB 3000000 @Wa,
Cr. Provisions RMB 3000000 N$M:&m3^
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 6\xfoy|j
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: ebhV;Q.
Dr. Provisions RMB 3000000 K/z2.Npn
Cr. Cash in Bank RMB 2500000 ,y gDNF
Cr. Non-operating Income RMB 500000 *&~
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Required: a!\^O).pA
(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. S>y}|MG
(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: co{i~['u
(a)Inventory Turnover Rate in 20×8; l4\ !J/df
(b)Gross Profit Ratio in 20×8; +7r?vo1
(c)After Tax Return on Total Assets in 20×8; and nf,Ez
(d)Current Ratio as at December 31, 20×8 Wcki=ac\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. eHUb4,%P
【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。 TbgIr
以下是未经审计财务报表的部分信息: c=33O,_
(单位:千元) AU<A\
项目 20×8 20×7 r:H.VAD
营业收入 64 000 48 000 NGmXF_kqN
营业成本 54 000 42 000
.7> g8
净利润 30 -20 9(hI%idq
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20×8年12月31日 20×7年12月31日 p$a+?5'Q
存货 16 000 12 000
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流动资产 60 000 50 000 7$Lt5rn"}
总资产 100 000 90 000 kyr=q-y
流动负债 20 000 18 000 {0L)B{|
总负债 30 000 25 000 *kt%.wPJ
在审计过程中,约翰发现以下事项: rAS2qt
(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: Gk!CU"`sP
借:银行存款5 820 000 fhmBKeFdV
财务费用 180 000 spma\,o
贷:应收票据6 000 000 SbH} cu8
(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: -gpHg
借:营业外支出 3 000 000 i wI}
贷:预计负债 3 000 000 (>`S{L
C>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: 3]67U}`
借:预计负债 3 000 000 + De-U.
贷:银行存款 2 500 000 I36ClOG
营业外收入 500 000 ZV$!dHW/
要求: C^*}*hYk$
(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。 D:PrFa
(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: g|5cO3m0'
(a)20×8年存货周转率 L 7l"*w(
(b)20×8年销售毛利率 [S?`OF12
(c)20×8年总资产净利率 .5iXOS0
G
(d)20×8年12月31日的流动比率 6<No_x |_
(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) Za7!n{?0
【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 na3lbwq
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 | v:fP;zc
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 xOKf|
销售毛利率=(64000-54000)/64000×100%=15.63% M7//*Q'?
总资产净利率=30/[(100000+90000)/2]=0.03% ;Ngu(es6
流动比率=60000/20000=3 4q\gFFV4
(3) _m3#g1m{
a.应建议做如下审计调整分录: $|7;(2k
借:应收票据 6 000 000 8^hbS%s!
贷:短期借款 5 820 000 l|fb;Giq=D
财务费用 180 000 3#Xv))w1
b.应建议做如下审计调整分录: LcGG~P|ML
借:预计负债 3 000 000 oPrK{flm
贷:营业外支出 500 000 bP7_QYQ6
其他应付款 2 500 000 mw~$;64;a