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)。 9;L5#/E
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: gHB*u!w7Z
(Expressed in RMB thousands) l[_y|W5
FINANCLAL STATEMENTS ITEMS A$H;2T5N
20×8 \fk%^1XY
20×7 ~g6`Cp`
&"h 9Awn2
Sales 2!7)7wlj0
64000 (pU@$H
48000 uVQ
H,NA,
C'_^DPzj
Cost of sales 'UW(0 PXw
54000 EINjI:/D
42000 KliMw*5(
aR2Vvo
Net profit
n B5 :X
30 )37 .H^7
-20 hhqSfafUX
+bGj(T%+'
8BHtN
December 31, 20×8 0# )I:5
December 31, 20×7 S~ff<A>f
c6;326aDq
Inventory 2$fFl,v!z
16000 us_o{
12000 GW29Rj1
~)
ecQ
Current assets na5:)j4<
60000 kwcH$w<I
50000 X:un4B}O
sM4Qu./
Total assets ek^=Z`
100000 CSA.6uIT
90000 >BDK?Y
Mx
ZSBa+3;z
Current liabilities \L-K}U>J
20000
^"U-\cx
18000 qG=>eRR
Qh0tU<jG
Total liabilities s y ]k
30000 "M GX(SQ
25000 5yh:P3 /
tfSY(cXg'T
9(\eL9^
During the audit, John has the following findings: i>]1E^yF
(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: WRq:xDRn0
Dr. Cash in Bank RMB 5820000 uA'S8b%C
Dr. Financial Expenses RMB 180000 }k`-n32)|
Cr. Notes Receivable RMB 6000000 Xf4
(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: cJ}J4?
Dr. Non-operating Expenses RMB 3000000 i
r72fSe
Cr. Provisions RMB 3000000 /uh?F
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 L7gZ4Hu=`
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: e d=pRb
Dr. Provisions RMB 3000000 (O$PJLI
Cr. Cash in Bank RMB 2500000 dTE(+M-
Gr
Cr. Non-operating Income RMB 500000 Ew&pwsQ
Required: x344}\
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. Eeumi#$Z
(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: #[Z1W8e
(a)Inventory Turnover Rate in 20×8; CJDnHuozc
(b)Gross Profit Ratio in 20×8; >nqDUGnEo>
(c)After Tax Return on Total Assets in 20×8; and vxey$Ir
(d)Current Ratio as at December 31, 20×8 MHuQGc"e+4
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 4(h19-V
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 3U_-sMOB|
以下是未经审计财务报表的部分信息: 5$<\
(单位:千元) MRI`h.
项目 20×8 20×7 0wh4sKm[X
营业收入 64 000 48 000 p)dD{+"/2
营业成本 54 000 42 000 B7*^rbI:X
净利润 30 -20 V!|:rwG2
b3h3$kIYN
20×8年12月31日 20×7年12月31日 *2?-6
存货 16 000 12 000 v$P<:M M
流动资产 60 000 50 000 L.E6~Rv
总资产 100 000 90 000 \V1geSoE
流动负债 20 000 18 000 xw>\6VNt
总负债 30 000 25 000 $X>$)U'p&-
在审计过程中,约翰发现以下事项: zZhAH('fG
(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: &B3[:nS2
借:银行存款5 820 000 Epl\(
财务费用 180 000 +1te 8P*
贷:应收票据6 000 000 c2tf7fkH
(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: d,hKy2
借:营业外支出 3 000 000 ;$VQRXq
贷:预计负债 3 000 000 *-zOQ=Y
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: &F8N$H
借:预计负债 3 000 000 RF#S=X6
贷:银行存款 2 500 000 bm</qF'T6
营业外收入 500 000 {mkD{2)KQ
要求: :4 &q2-
(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。 y<h~jz#hkq
(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: h@^d
Vg
(a)20×8年存货周转率 !"G|y4O
(b)20×8年销售毛利率 kn^?.^dVX
(c)20×8年总资产净利率 "B$r{ vG
(d)20×8年12月31日的流动比率 eB]R<a60
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) T>!Y-e.q
【答案】 :vsF4
(1)应选择营业收入作为计算重要性水平的基础。 (]Pr[xB
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ::lD7@Wg
vmY 88Kx&S
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 MYmH?A
销售毛利率=(64000-54000)/64000×100%=15.63% pZ IDGy=~
总资产净利率=30/[(100000+90000)/2]=0.03% 'X$J+s}6&
流动比率=60000/20000=3 ;b-d2R
(3) f3p)Q<H>`(
a.应建议做如下审计调整分录: R)>F*GsR
借:应收票据 6 000 000 S5,y!K]C~
贷:短期借款 5 820 000 %mO.ur>21
财务费用 180 000 e2}5<
7
b.应建议做如下审计调整分录: odm!}stus
借:预计负债 3 000 000 R9!GDKts%
贷:营业外支出 500 000 >l$qE
其他应付款 2 500 000 S,*