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)。
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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: VF-d^AGt
(Expressed in RMB thousands) *VUXw@
FINANCLAL STATEMENTS ITEMS lc#H%Qlg
20×8 ]8#{rQ(
20×7 2:abe
7]Egu D4
Sales >h9U~#G=
64000 VXa]L4jJ9
48000 v7-'H/d.
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Cost of sales 3O.-'U1K
54000 :X#(T-!t
42000 z(xvt>
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Net profit /H)g<YA
30 gOk O8P6P8
-20 OKP?^%kD
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December 31, 20×8 Pzqgg43Xf
December 31, 20×7 H`P )
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Inventory (7IF5g\
16000 `XnFc*L
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12000 _FV.}%W<u
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Current assets }XUHP%
60000 y|aWUX/a
50000 LV[4z o]=
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Total assets m} V,+E
100000 B}Qo8i7
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90000 ovl@[>OB
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Current liabilities 4eKJ\Q=nX5
20000 H\S,^)drJ?
18000 g
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Total liabilities 4
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30000 OJ 2M_q)e
25000 ,kP{3.#Q
f9$98SI
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During the audit, John has the following findings: vH=I#Ajar
(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: suVS!}
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Dr. Cash in Bank RMB 5820000 RPrk]<<1
Dr. Financial Expenses RMB 180000 Wj3H
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Cr. Notes Receivable RMB 6000000 q<1@ut
(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: >[p+L='
Dr. Non-operating Expenses RMB 3000000 ZpdM[\Q-
Cr. Provisions RMB 3000000 (T ^aZuuS
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 LKm5U6
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: QEVjXJOt0
Dr. Provisions RMB 3000000 E )PEKWK\
Cr. Cash in Bank RMB 2500000 `SVR_
Cr. Non-operating Income RMB 500000 V6!oe^a7'
Required: N&n{R8=^"
(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. 0QPipuP
(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: =m40{
(a)Inventory Turnover Rate in 20×8; H1w;Wb1se
(b)Gross Profit Ratio in 20×8; 7yc:=^ )
(c)After Tax Return on Total Assets in 20×8; and Yc
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(d)Current Ratio as at December 31, 20×8 WgIVhj
(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. <
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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。 O-7 \qz
以下是未经审计财务报表的部分信息: (/)JnBy0
(单位:千元) h m"B kOA
项目 20×8 20×7 ]*@7o^4i
营业收入 64 000 48 000 5pDxFs=v
营业成本 54 000 42 000 -,rl[1ZYZ
净利润 30 -20 cx02b-O
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20×8年12月31日 20×7年12月31日 Uq&|iB#mF
存货 16 000 12 000 sC#Ixq'ls7
流动资产 60 000 50 000 d<whb2l
总资产 100 000 90 000 cx$Oh`-Car
流动负债 20 000 18 000 9uq|
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总负债 30 000 25 000 4jXyA/F9V
在审计过程中,约翰发现以下事项: `R^)<v*
(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: c>^_4QQ
借:银行存款5 820 000 _WkK%RYV
财务费用 180 000 [Nq4<NK
贷:应收票据6 000 000 \&cVcAg
(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: l+
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借:营业外支出 3 000 000 Ug9o/I@}C
贷:预计负债 3 000 000 cO<x:{`
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: Cjd +\7#G
借:预计负债 3 000 000 XnNK)dUT}
贷:银行存款 2 500 000 qaUHcdH
营业外收入 500 000 9/'j<v6M
要求: H: U_k68
(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。 A*$vk2VWw
(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: Ji7A9Hk
(a)20×8年存货周转率 :O{ :;X)
(b)20×8年销售毛利率 3~
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(c)20×8年总资产净利率 !is8`8F8
(d)20×8年12月31日的流动比率 {!,+C0
(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) ?6[>HX;
【答案】 u-? &~WA
(1)应选择营业收入作为计算重要性水平的基础。 -?
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 lUp 7#q
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 'r-a:8:t^
销售毛利率=(64000-54000)/64000×100%=15.63% {u!,TDt*
总资产净利率=30/[(100000+90000)/2]=0.03% gDA hl
流动比率=60000/20000=3
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(3) k<St:X%.O
a.应建议做如下审计调整分录: ";GLX%C!{@
借:应收票据 6 000 000 u!F3Rh8D
贷:短期借款 5 820 000 Obw uyhjQ
财务费用 180 000 I*0W\Qz@
b.应建议做如下审计调整分录: ZGS=;jM
借:预计负债 3 000 000 c~>M7e(
贷:营业外支出 500 000 } wiq?dr
其他应付款 2 500 000 1e&`m~5K+