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)。 )
I-8.
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: 1!vR
8.
(Expressed in RMB thousands) )JuD !
FINANCLAL STATEMENTS ITEMS ^BNg^V.
20×8 ? 76jz>;b
20×7 ~(I\O?k>H
K +w3YA
Sales 5zfaqt`
64000 5Z`f)qE
48000 Ae`K
9
m:p1O3[R
Cost of sales !Otyu6&
54000 $stJ+uh
42000 !30Dice
HK:?Y[ebs
Net profit eT}c_h)
30 ]<z>YyBA
-20 5^f>L2
v>7=T8
G.T}^xHmL
December 31, 20×8 IU Dp5MIuR
December 31, 20×7 QabF(}61
@Cw<wrem
Inventory p1G!-\l
16000 AbLOq@lrK
12000 LRB#|PW
uv9cOd
Current assets &*MwKr<y
60000 iSIj ?.
50000 e[R364K
M@s2T|bQw
Total assets P"3{s+ r
100000
4HkOg)a
90000 Z$HYXm
W~dS8B=<
Current liabilities #Q$9Eq8"[
20000 /Pi{Mv eZM
18000 0[9A*
=3/||b4c
Total liabilities uN6TV*]:
30000 8~rD#8`6j
25000 {T m-X`
_j<46^
3{]i| 1&j
During the audit, John has the following findings: mv<z%y
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 2hmV1gj
Dr. Cash in Bank RMB 5820000 IY,&/MCh
Dr. Financial Expenses RMB 180000 F!'b_gmz
Cr. Notes Receivable RMB 6000000 yWt87+%T
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Wd&!##3$Q
Dr. Non-operating Expenses RMB 3000000 V><5N;w
Cr. Provisions RMB 3000000 A*MlK"
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ,$W7Q
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: .w[]Q;K_[)
Dr. Provisions RMB 3000000 V:My1R0
Cr. Cash in Bank RMB 2500000 W
x;9N
Cr. Non-operating Income RMB 500000 }MXZ
Required: *9?-JBT&F
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. >JrQS"[u
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: OYy %aA}h
(a)Inventory Turnover Rate in 20×8; ;se-IDN
(b)Gross Profit Ratio in 20×8; C x$|7J=O
(c)After Tax Return on Total Assets in 20×8; and ihf5`mk/$
(d)Current Ratio as at December 31, 20×8 q=UKL`;C}U
(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. TQ>kmHWf/
【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。 bWUo(B#*I
以下是未经审计财务报表的部分信息: LnrR#fF]Z
(单位:千元) C!RxMccTh
项目 20×8 20×7 !Edc]rg7
营业收入 64 000 48 000 KuE
2a,E4
营业成本 54 000 42 000 rK}*Uwut
净利润 30 -20 i&{8a3B
4vp,izNW
20×8年12月31日 20×7年12月31日 jD$
T
存货 16 000 12 000 QZt/Rm>W0
流动资产 60 000 50 000 Hz%#&E
总资产 100 000 90 000 F}2U8O
流动负债 20 000 18 000 J3y5R1?EP
总负债 30 000 25 000 jJ|u!a
在审计过程中,约翰发现以下事项: URX>(Y}g9^
(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: !-LPFy>
借:银行存款5 820 000 U#d",s
财务费用 180 000 8WfF: R;
贷:应收票据6 000 000 :}e*3={4
(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: &tHT6,Xv(
借:营业外支出 3 000 000 D3(|bSca
贷:预计负债 3 000 000 ,?<jue/bd
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: YDC[s ^d5
借:预计负债 3 000 000 ^\{%(i9
贷:银行存款 2 500 000 SYeCz(H>d
营业外收入 500 000 h* h+VM
要求: zSj.Y{J
(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。 BLuILE:$
(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: m"X0Owx
(a)20×8年存货周转率 p\b:uy6#
(b)20×8年销售毛利率 l J;wl|9
(c)20×8年总资产净利率 :$dGcX}
(d)20×8年12月31日的流动比率 c*HS#C7'2
(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) G@
BrU q
【答案】
VG q'
(1)应选择营业收入作为计算重要性水平的基础。 <y(>z*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。 2,E&}a|;b
hTf]t
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 I6{}S6
销售毛利率=(64000-54000)/64000×100%=15.63% P_,f
总资产净利率=30/[(100000+90000)/2]=0.03% HiILJyb
流动比率=60000/20000=3 9\R:J"X
(3) Rfeiv
a.应建议做如下审计调整分录: W>bhSKV%
借:应收票据 6 000 000 6./h0kD`
贷:短期借款 5 820 000 #O\4XZ,Lv
财务费用 180 000 ce1KUwo]
b.应建议做如下审计调整分录: ZQsE07
借:预计负债 3 000 000 ol:,02E&
贷:营业外支出 500 000 leg@ia
其他应付款 2 500 000 DU({Ncge