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: kM(m$Oo.
(Expressed in RMB thousands) RYd
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FINANCLAL STATEMENTS ITEMS LCuz_LTFq{
20×8 :#D~j]pP
20×7 oVW>PEgB-
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Sales "]\3t;IT
64000 Vlge*4q
48000 x~K79Mya
o'8nQ
Tao
Cost of sales ;d
FJqo82
54000 }y vH)q
42000 RiFUa
$
T1'\!6_5
Net profit ncTMcu
30 I1I-,~hO
-20 `Jh<8~1
{d.K)8\
vin3
i&k
December 31, 20×8
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December 31, 20×7 eHR]qy 0_X
whm|"}x)u
Inventory N|3#pHm@
16000 ^x_$%8
12000 U*,\UF
OL_jU2,fv
Current assets ^'fgQyj
60000 |k
Tq
&^$
50000 {WQ6=wGpS
Ty#sY'%
Total assets nzbAQ3v
100000 2'-84
90000 oxdX2"WwU
Nr).*]g@~
Current liabilities KP7 {
20000 6YV"H
18000 @4]{ZUV
c _!!DEe7
Total liabilities e1%kW1Z9
30000 Kmw #Q`
25000 9A/bA|$
N
Hn#c3o
\A)Pcc}7
During the audit, John has the following findings: ]2
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(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: FZIC|uz
Dr. Cash in Bank RMB 5820000 tU *`X(;
Dr. Financial Expenses RMB 180000 '+3C2!
Cr. Notes Receivable RMB 6000000 /Gn0|]KI
(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: PB!XApTb
Dr. Non-operating Expenses RMB 3000000 ayQeT
Cr. Provisions RMB 3000000 7_jlNr7uk
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 upX@8WxR
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: _pDfPLlY&
Dr. Provisions RMB 3000000 \9uK^oS
Cr. Cash in Bank RMB 2500000 D wr 9}Z-]
Cr. Non-operating Income RMB 500000 3s67)n
Required: ;tF&r1
(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. *)Cr1d k
(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: 4O/IT1+A
(a)Inventory Turnover Rate in 20×8; .!Kqcz% A
(b)Gross Profit Ratio in 20×8; c{KJNH%7
(c)After Tax Return on Total Assets in 20×8; and Y=g]\%-PB
(d)Current Ratio as at December 31, 20×8 r
s( e
(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. W/}_ y8q
【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。 F^aD#
以下是未经审计财务报表的部分信息: =Y5m% ,Bq
(单位:千元) Y*\N{6$2
项目 20×8 20×7 V!>j:"
营业收入 64 000 48 000 i5&,Bpfo-
营业成本 54 000 42 000 hJD3G
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净利润 30 -20 &Yc'X+'4
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20×8年12月31日 20×7年12月31日 D$*o}*mb
存货 16 000 12 000 6:6A"A
流动资产 60 000 50 000 1N:~5S}s>
总资产 100 000 90 000 #Sx
流动负债 20 000 18 000 iz{TSU
总负债 30 000 25 000 >/lB%<$/
在审计过程中,约翰发现以下事项: ]f&f_"D
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: Nu\<Xr8
借:银行存款5 820 000 K+XUC
财务费用 180 000 m7C!
}l]9
贷:应收票据6 000 000 |0?v4%g
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 72.Msnn
借:营业外支出 3 000 000 BW}M/
贷:预计负债 3 000 000 9+xO2n
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: S^|
U"
借:预计负债 3 000 000 -A=3W3:C
贷:银行存款 2 500 000 ^8J`*R8CL
营业外收入 500 000 )rt%.`
要求: -sZb+2tDa
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 BG=
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: }6<5mq)%
(a)20×8年存货周转率 :K"~PrHm
(b)20×8年销售毛利率 ~G-W|>
(c)20×8年总资产净利率 EtaKo}!A}
(d)20×8年12月31日的流动比率 KfYU.Q
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) V*5v
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【答案】 RqP_^tB
(1)应选择营业收入作为计算重要性水平的基础。 >cg)NqD
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ?6hd(^
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 DwZRx@
销售毛利率=(64000-54000)/64000×100%=15.63% |WEl5 bNc3
总资产净利率=30/[(100000+90000)/2]=0.03% G%;>_E
流动比率=60000/20000=3 \E<Qi3W>*
(3) zy nX9t
a.应建议做如下审计调整分录: hayJgkZ'
借:应收票据 6 000 000 VB#&`]rdo
贷:短期借款 5 820 000 1 ]
cLbJ
财务费用 180 000 u'Q82l&Y
b.应建议做如下审计调整分录: _cj=}!I
借:预计负债 3 000 000 i$Kx@,O8t
贷:营业外支出 500 000 $eG_LY 1v
其他应付款 2 500 000 BRskxyL&,