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)。 4$Oakl*l
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: JjarMJr|D
(Expressed in RMB thousands) {KJ !rT
FINANCLAL STATEMENTS ITEMS f\+MnZ4[Qj
20×8 E!.>*`)?.
20×7 rUjK1A{V
SP][xdN7
Sales emp*j@9
64000 @,
v'V!
48000 ssbvu
Tr
TJS/ O~=
Cost of sales
l}-JtZ?[?
54000 4B>N[#-0=
42000 ,!U._ic'B
7UQFAt_r
Net profit ~"eos~AuW
30 3 @XkO
-20 b#;%TbDF
r\J"|{)e
df_hmkyj
December 31, 20×8 ;=goIsk{Q
December 31, 20×7 TVVL1wZ
|sd
0fTK
Inventory J})G l
16000 B"rV-,n{
12000 'TWZ@8h~
EA.4m3
Current assets 2pR+2p`
60000
-#Xo^-&
50000 P]]re,&R
;&B;RUUnTO
Total assets
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100000 px6[1'|g
90000 R5M/Ho 4
J^tLK T B
Current liabilities OwXw9
20000 f9FJ:?
18000 G9'Wo.$ t
Jq0aDf
f
Total liabilities +]I7]
30000 ;.$AhjqiP
25000 N y_d
w|$i<OIi)
) #G5XS+)
During the audit, John has the following findings: 'qR)f\em
(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: W Z'UVUi8
Dr. Cash in Bank RMB 5820000 VF8pH<
Dr. Financial Expenses RMB 180000 I8*_\Ez
Cr. Notes Receivable RMB 6000000 AE`z~L,
(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: , y%!s27
Dr. Non-operating Expenses RMB 3000000 $ ?ayE
Cr. Provisions RMB 3000000 \09m
?;^
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 N l~'W
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: OV<'v%_&
Dr. Provisions RMB 3000000 M<h2+0(il
Cr. Cash in Bank RMB 2500000 ~>8yJLZ.7
Cr. Non-operating Income RMB 500000 P)7:G?OTx
Required: $oF0[ }S
(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. }HdibCAOf
(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: ~mAv)JK
(a)Inventory Turnover Rate in 20×8; dk<) \C"
(b)Gross Profit Ratio in 20×8; U^aMh-
(c)After Tax Return on Total Assets in 20×8; and S\
$=b_.
(d)Current Ratio as at December 31, 20×8 )"W__U0
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 0hJ,l.
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ?K5S{qG'O
以下是未经审计财务报表的部分信息: D^]g`V*N
(单位:千元) 1 Hw %DJ
项目 20×8 20×7 0?@;zTE0
营业收入 64 000 48 000 b
+b].,
营业成本 54 000 42 000 PfF5@W;E;
净利润 30 -20 6ZvGD}/
e,J
q<=j
20×8年12月31日 20×7年12月31日 gJ \CT'/
存货 16 000 12 000 . W ~&d_n
流动资产 60 000 50 000 SSCyq#dl$
总资产 100 000 90 000 KK-}&N8
流动负债 20 000 18 000 ] (%EQ[
总负债 30 000 25 000 {=3&_/9s){
在审计过程中,约翰发现以下事项: -jXO9Q
(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: 42E%&DF
借:银行存款5 820 000 Fa]|Y
财务费用 180 000
xWC*DKV
贷:应收票据6 000 000 l~",<bTc
(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: tk]>\}%
借:营业外支出 3 000 000 qYba%g9RN(
贷:预计负债 3 000 000 0Y|
"Bo9k
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: 'ozu4y
借:预计负债 3 000 000 TwdY6E3`
贷:银行存款 2 500 000 E@.daUo
B
营业外收入 500 000 Y6+/_$N4|
要求: qcVmt1"
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 KE$I!$zO
(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: OSu/!Iv\
(a)20×8年存货周转率 }BFX7X
(b)20×8年销售毛利率 Bp:PAy
(c)20×8年总资产净利率 eDkJ+5b
(d)20×8年12月31日的流动比率 $I*<gn9
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) !xD$U/%c
【答案】 }0okyGg>q
(1)应选择营业收入作为计算重要性水平的基础。 }Od=WQv+
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 NuEcTww
kleE\8_
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 IuV7~w
销售毛利率=(64000-54000)/64000×100%=15.63% !c2
<-3e
总资产净利率=30/[(100000+90000)/2]=0.03% ro}WBv
流动比率=60000/20000=3 jjJvyZi~J
(3) E'g?44vyw
a.应建议做如下审计调整分录: QgF2f/;!
借:应收票据 6 000 000 BV"l;&F[
贷:短期借款 5 820 000 vV
PK
财务费用 180 000 u.yjk/jF
b.应建议做如下审计调整分录: KA/~q"N
借:预计负债 3 000 000 FE=vUQXE2
贷:营业外支出 500 000 ~rfUqM]I
其他应付款 2 500 000 )\PPIY>iP