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)。 DDg\oGLp
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: aER|5!7(2\
(Expressed in RMB thousands) GF'wDi}
FINANCLAL STATEMENTS ITEMS Nk`UQ~g$
20×8 lq/2Y4LE)
20×7 $`=p]
yqK4 "F&
Sales N0U/u'J!g
64000 l^B.iB
48000 z`y9<+
CUA @CZ6{
Cost of sales !XA3G`}p6s
54000 "cH RGJG#
42000 ]|;+2@kDR
BxY t*b%
Net profit -+9[X*VCc
30 $6QIYF""
-20 ?HZp@&
G4&s_M$
.b:!qUE^
December 31, 20×8 7\u+%i;YZ
December 31, 20×7 =bC
+1
C
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Inventory D)_
C@*q
16000 yoi4w 7:
12000 N!A20Bv
2pS<;k`
Current assets aD/Rr3v>
60000 @nxo Bc !P
50000 OfsP5*d
c,UJ uCZ
Total assets B`tq*T%
100000 MsB>3
90000 fV:15!S[
c0U
g5Vr
Current liabilities )W@ug,y
20000
Xo^8o0xi
18000 :WhJDx`j
dzcF15H1
Total liabilities *7Dba5B
30000 337.' |ZE
25000 : }Jx
*0WVrM06?
Z:b?^u4.
During the audit, John has the following findings: &\zYbGU
(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: {%jAp11y+O
Dr. Cash in Bank RMB 5820000 LS@TTiN
Dr. Financial Expenses RMB 180000 *miG<
Cr. Notes Receivable RMB 6000000 :XKYfc_y
(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: Z0|5VLk,<{
Dr. Non-operating Expenses RMB 3000000
,(jJOFf
Cr. Provisions RMB 3000000 jzvK;*N
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;i{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: lR(9;3
Dr. Provisions RMB 3000000 yCX5
5:
Cr. Cash in Bank RMB 2500000 p l)":}/)
Cr. Non-operating Income RMB 500000 ",r
v%i2 f
Required: `RTxc
(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. Wzq
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(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: ^[ae
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(a)Inventory Turnover Rate in 20×8; verI~M$v{
(b)Gross Profit Ratio in 20×8; +
/OSg.
(c)After Tax Return on Total Assets in 20×8; and mY|c7}>V;
(d)Current Ratio as at December 31, 20×8 o$_0Qs$
(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. B5\l&4X
【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。 m l`xLZN>L
以下是未经审计财务报表的部分信息: Fwm$0=BXL
(单位:千元) i Ad&o`C
项目 20×8 20×7 = XZU9df
营业收入 64 000 48 000 b[%@3 }E
营业成本 54 000 42 000 T2{e1 =Z7
净利润 30 -20 qLR;:$]Q&8
SA,~q&
20×8年12月31日 20×7年12月31日 }2
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存货 16 000 12 000 ulR yt^bx|
流动资产 60 000 50 000 ,@"yr>Q9#6
总资产 100 000 90 000 o.s'0xP]
流动负债 20 000 18 000 vE ]
ge
总负债 30 000 25 000 ;H$Cq'
I
在审计过程中,约翰发现以下事项: \%-<O
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: x;ik
借:银行存款5 820 000 ]+lT*6P*
财务费用 180 000 +h)"m/mE
贷:应收票据6 000 000 WC_.j^sW
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ^}j~:EZb
借:营业外支出 3 000 000 |N,^*xP(6
贷:预计负债 3 000 000 ;W0J
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: L
3]J8oEmU
借:预计负债 3 000 000 &+9 ;
贷:银行存款 2 500 000 g$(Y\`zw
营业外收入 500 000 b"g^Jm! j
要求: }OkzP)(
(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。 hV3]1E21"
(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: a )O"PA}2
(a)20×8年存货周转率 ]0i[=
(b)20×8年销售毛利率 + V=<vT
(c)20×8年总资产净利率 Rtf<UhUn
(d)20×8年12月31日的流动比率 q NGR6i
(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) kH g|!
【答案】 $G=^cNB|JB
(1)应选择营业收入作为计算重要性水平的基础。 <I,4Kc!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 K#FD$,c~
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >^8O :.
销售毛利率=(64000-54000)/64000×100%=15.63% /
fQcrd7h
总资产净利率=30/[(100000+90000)/2]=0.03% ~|u;z,\
流动比率=60000/20000=3 GtRpgM
(3) HB9"T5Pd*
a.应建议做如下审计调整分录: o*T?f)_[p
借:应收票据 6 000 000 ?!ap@)9
贷:短期借款 5 820 000 G>~/
财务费用 180 000 COi15( G2
b.应建议做如下审计调整分录: RqROl!6
借:预计负债 3 000 000 lh-.I]>&`
贷:营业外支出 500 000 d /jx8(0
其他应付款 2 500 000 TF%n1H-sF