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)。 lca.(3u
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: {<|0M%v
(Expressed in RMB thousands) \K)q$E<!
FINANCLAL STATEMENTS ITEMS @cXY"hP`
20×8 T$q]iSgu
20×7
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Sales ; aMMIp
64000 )_&<u\cm
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48000 9wAP%xh
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Cost of sales N
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54000 >uUbWKn3
42000 %b_zUFHPp
]IoS-)$Z/
Net profit Db3tI#
30 AU7c =
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-20 U3Dy:K[
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December 31, 20×8 8T2$0
December 31, 20×7 |E}N8\Gr
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Inventory czT$mKj3
16000 0_j! t
12000 sDwSEg>#B
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Current assets
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60000 $QY(7Z"
50000 apYf,"|9
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Total assets
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100000 MqNp*n2
90000 $60+}B`m
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Current liabilities S[%86(,*gP
20000 3_D$
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18000 :|d3BuY
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Total liabilities . Bv;Zv
30000 |M+ !O93
25000 \?}ZXKuJj
AMkjoy3+]
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During the audit, John has the following findings: `zTVup&
(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: 8ayB<b>+]"
Dr. Cash in Bank RMB 5820000 kgA')]
Dr. Financial Expenses RMB 180000 "V^(i%E;
Cr. Notes Receivable RMB 6000000 :,cSEST
(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: )!OEa]
Dr. Non-operating Expenses RMB 3000000 7o;}"Y1
Cr. Provisions RMB 3000000 x0 j$]$
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 .lj\H
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: BG=h1ybz
Dr. Provisions RMB 3000000 Dn9Ta}miTO
Cr. Cash in Bank RMB 2500000 3ldOOQW%
Cr. Non-operating Income RMB 500000 Z*leEwgz
Required: Ldig/:
(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. Hm*n,8_
(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: l3.HL> o
(a)Inventory Turnover Rate in 20×8; ;BpuNB
(b)Gross Profit Ratio in 20×8; CjD2FnjT
(c)After Tax Return on Total Assets in 20×8; and 9GCxF`OB
(d)Current Ratio as at December 31, 20×8 TMq\}k-I5
(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)eub`uMy
【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。 S=o Ab&
以下是未经审计财务报表的部分信息: Wb^YqqE
(单位:千元) E5Z,4B
项目 20×8 20×7 )<!y_;$A
营业收入 64 000 48 000 VF
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营业成本 54 000 42 000 gx#TRp}-
净利润 30 -20 ,%D \
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20×8年12月31日 20×7年12月31日 #IgY'L
存货 16 000 12 000 2#p6.4h=
流动资产 60 000 50 000 L0Xb^vx}m
总资产 100 000 90 000 gzi~BJ
流动负债 20 000 18 000 [NyR$yD{
总负债 30 000 25 000 s,lrw~17
在审计过程中,约翰发现以下事项: #W*5=Cf
(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: <r_ldkZ
借:银行存款5 820 000 D4[t@*m>7
财务费用 180 000 F~&bgl[YZ
贷:应收票据6 000 000
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(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: \V}?K0#bt
借:营业外支出 3 000 000 Q]66v$
贷:预计负债 3 000 000 qm8[ ^jO&
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: =Cu!
借:预计负债 3 000 000 >u~
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贷:银行存款 2 500 000 LzP+l>m
营业外收入 500 000 2Fp.m}42i(
要求: D1#fy=u69|
(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。 UoBmS5
(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: /
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(a)20×8年存货周转率 ^jq QG+`?
(b)20×8年销售毛利率 e=Kf<ZQt
(c)20×8年总资产净利率 4E<iIA\x
(d)20×8年12月31日的流动比率 jl%27Ld
(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) ?/5WM%
【答案】 'IKV%$k
(1)应选择营业收入作为计算重要性水平的基础。 6f{Kj)
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 c|IH|y
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 #]
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销售毛利率=(64000-54000)/64000×100%=15.63% ~~
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总资产净利率=30/[(100000+90000)/2]=0.03% R~PD[.\u
流动比率=60000/20000=3 g>u{H:
(3) E.zY(# S
a.应建议做如下审计调整分录: o
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借:应收票据 6 000 000 +VCG/J
贷:短期借款 5 820 000 dXg.[|S*
财务费用 180 000 vYcea
b.应建议做如下审计调整分录: J7c(
qGJI2
借:预计负债 3 000 000 [x{'NwP?
贷:营业外支出 500 000 criOJ-
其他应付款 2 500 000 zU}Ru&T9