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)。 engql;
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: ^g~Asz5]
(Expressed in RMB thousands) *@dRL3c^=
FINANCLAL STATEMENTS ITEMS "xa<Q%hk
20×8 aoco'BR F
20×7 T5-50nU,~
wP6~HiC
Sales TPq5"mco
64000 '>`?T}a,
48000 !0fpD'f!n
IcoK22/
Cost of sales
|M[E^
54000 tKo^A:M
42000 I(s\ Q
[
|Ag~k? QC
Net profit X"y rA;,o
30 0LrTYrlj
-20 zr\I1v]?1#
G! zV=p
^uMy|d
December 31, 20×8 LP7t*}PK
December 31, 20×7 %QVX1\>]
3 {\b/NL$
Inventory s IY`H^
16000 ?c+_}ja,
12000 {uL<$;#i
}7IS:"tu
Current assets Jv1.Yz
60000 FaPX[{_E
50000 =~?2i)-mC
*["9;_KD
Total assets p=coOWOQ
100000 %njX'7^u
90000 TCX*$ac"
Vu*
yEF}
Current liabilities 9<.FwV>
20000 cnnlEw/&
18000
3:PBVt=
I$n 0aR6
Total liabilities q<@f3[A
30000 O9r3^y\>I
25000 w[uK3A v
' 6Ybf
w_ kHy_)
During the audit, John has the following findings: ES;7_
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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: ^IjKT
Dr. Cash in Bank RMB 5820000 ;? '`XB!
Dr. Financial Expenses RMB 180000 *
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Cr. Notes Receivable RMB 6000000 [kt!\-
(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: (WVN*OR?
Dr. Non-operating Expenses RMB 3000000 V.XHjHT
Cr. Provisions RMB 3000000 N~;=*)_VH
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 up=4
B
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: )xiic3F
Dr. Provisions RMB 3000000 c;xL.
Cr. Cash in Bank RMB 2500000 T@U_;v|rf
Cr. Non-operating Income RMB 500000 Qi&!IG
Required: qy`@\)S/5
(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. \wCj$-;Jt
(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: 1/jJ;}
(a)Inventory Turnover Rate in 20×8; ? #-"YO7
(b)Gross Profit Ratio in 20×8; U-QK
(c)After Tax Return on Total Assets in 20×8; and g:dw%h
(d)Current Ratio as at December 31, 20×8 $LRvPan`
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. I?G
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 !l?Go<^*L
以下是未经审计财务报表的部分信息: k_r12
Bu
(单位:千元) E
b-?wzh
项目 20×8 20×7 c+f~>AaI
营业收入 64 000 48 000 RgHPYf{
营业成本 54 000 42 000 |qH -^b.F
净利润 30 -20 X-|`|>3E
MBIt)d@Ix
20×8年12月31日 20×7年12月31日 %Nwap~=H;
存货 16 000 12 000 -7fsfcGM$
流动资产 60 000 50 000 AY5%<CWj8
总资产 100 000 90 000 _VMW-trG
流动负债 20 000 18 000 %C" wUAY
总负债 30 000 25 000 H1y
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在审计过程中,约翰发现以下事项:
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(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: 89v9BWF
借:银行存款5 820 000 !>TVDN>
财务费用 180 000 WogJ~N,d53
贷:应收票据6 000 000 Gw:8-bxS
(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: ` {c %d
借:营业外支出 3 000 000 {CG%$rh
贷:预计负债 3 000 000 n[|&nv6x
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: ?[hIv6c
借:预计负债 3 000 000 %{!*)V\
贷:银行存款 2 500 000 #(j'?|2o%
营业外收入 500 000 JfxD-9U^>u
要求: 6%sX<)n%]
(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。 G#t!{Q}8
(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: 1.+0=M[h
(a)20×8年存货周转率 |a%&7-;
(b)20×8年销售毛利率 z4!TK ps
(c)20×8年总资产净利率 7;:R\d6iL
(d)20×8年12月31日的流动比率 NTASrh
(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) H5'/i;
【答案】 \L>3E#R-Q
(1)应选择营业收入作为计算重要性水平的基础。 )cJ9YKKy
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 sMlY!3{Ix
;{[&&qMwU
(2)存货周转率=54 000/[(16000+12000)/2]=3.86
eU&[^
销售毛利率=(64000-54000)/64000×100%=15.63% /oKa?iT
总资产净利率=30/[(100000+90000)/2]=0.03% nsIx5UA_n
流动比率=60000/20000=3 "_WOtJr
(3) bCHJLtDQ
a.应建议做如下审计调整分录: {U?/u93~
借:应收票据 6 000 000 m X{_B!j^
贷:短期借款 5 820 000 "#\\p~D/<
财务费用 180 000 m^Qc9s#D
b.应建议做如下审计调整分录: w[}5qAI5*f
借:预计负债 3 000 000 rJH u~/_Dq
贷:营业外支出 500 000 /FJ )gQYA
其他应付款 2 500 000 b-ZC~#?|b