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)。 p?8>9
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: 8]2S'mxE
(Expressed in RMB thousands) GytI_an8
FINANCLAL STATEMENTS ITEMS }54\NSj0
20×8 ,n&Dg58K
20×7 p&XbXg-
F"a,[i,[W
Sales 0jj
}j
w
64000 T[ky7\
48000 3H4p$\;C
c#Ux{^ZE
Cost of sales q(a6@6f"kD
54000 ;k!Ej-(
42000 a)`h*P5@
I#$u(2.H
Net profit p[g!LD
30 4my8 p Fk
-20 Sy8o/-
{N7,=(-2=
&=_YL
December 31, 20×8 ,uDB]
December 31, 20×7 E/5w
H/
!cWKY\lpv
Inventory _3kAN.g
16000 z2 nDD6N
12000 dR $@vDm
%H%>6z x
Current assets &z%7Nu
60000 ~-'nEA TE
50000 q#MAA_
{^$rmw
N
Total assets .,tf[w 71
100000 9) mJo(
90000 (QqKttL:
bYowEzieF
Current liabilities t'R&$;z@b
20000 2b3x|9o8
18000 INcJXlv
O:k@'&
Total liabilities & ({X9
30000 8G(wYlxi
25000 qj=12;
IvH0sS`F
.VWH
During the audit, John has the following findings: &hqGGfVsd
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: hM+nA::w
Dr. Cash in Bank RMB 5820000 %Z.>)R4
Dr. Financial Expenses RMB 180000 P +oCcYp
Cr. Notes Receivable RMB 6000000 e$Md?Pq
(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: Rw Y)
O5
Dr. Non-operating Expenses RMB 3000000 [+ 1([#
Cr. Provisions RMB 3000000 -u)06C*39
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 0(
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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: $+V{2k4X,
Dr. Provisions RMB 3000000 oX!s u
Cr. Cash in Bank RMB 2500000 Q:@Y/4=
Cr. Non-operating Income RMB 500000 >;0z-;k6
Required: r ZGA9duy
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. #YhKAG@|
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Z#^2F8,]
(a)Inventory Turnover Rate in 20×8; TC J\@|yw
(b)Gross Profit Ratio in 20×8; ")ZHa qEB
(c)After Tax Return on Total Assets in 20×8; and )3z.{.F
(d)Current Ratio as at December 31, 20×8 7|"11^q
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. aD0w82s]J
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 .8fOc.h8h
以下是未经审计财务报表的部分信息:
N[zI@>x
(单位:千元) N!Kd VDdT|
项目 20×8 20×7 kD"dZQx
营业收入 64 000 48 000 x{RTI#a.
营业成本 54 000 42 000 +.[#C5
净利润 30 -20 'p Z~3q
m,]Tl;f
20×8年12月31日 20×7年12月31日 o<T>G{XYB
存货 16 000 12 000 AGOK%[[Ws
流动资产 60 000 50 000 QAcvv 0Hv
总资产 100 000 90 000 y 0M&Bh
流动负债 20 000 18 000
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总负债 30 000 25 000 zKgW9j<(
在审计过程中,约翰发现以下事项: YQe @C
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: iY.~N#Q
借:银行存款5 820 000 d|DIqT~{W
财务费用 180 000 [y>Q3UqN
贷:应收票据6 000 000 E/AM<eN
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: I]ywO4
借:营业外支出 3 000 000 H$\?D+xlf
贷:预计负债 3 000 000 ("mW=Ln
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: 2yeq2v
借:预计负债 3 000 000 !A!zG)Ue<
贷:银行存款 2 500 000 +
Y 3_)
营业外收入 500 000 r|0C G^:C
要求: iHQFieZ.E
(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。 @yobT,DXi
(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: x7{,4js
(a)20×8年存货周转率 "ZT=[&2
(b)20×8年销售毛利率 }L:
LcM
(c)20×8年总资产净利率 Wpj.G
(d)20×8年12月31日的流动比率 Zad+)~@!tq
(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) /A##Yv!biR
【答案】 `qs'={YtU
(1)应选择营业收入作为计算重要性水平的基础。 :UFf6T?
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 PS \QbA
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 T /[)U
销售毛利率=(64000-54000)/64000×100%=15.63% FKL}6W:
总资产净利率=30/[(100000+90000)/2]=0.03% Ig$5Ui
流动比率=60000/20000=3 /?2yo{Fg
(3) F~RUb&*/<
a.应建议做如下审计调整分录: X(Ef=:
借:应收票据 6 000 000 {"4t`dM
贷:短期借款 5 820 000 `b9oH^}n j
财务费用 180 000 0ZPPt(7
b.应建议做如下审计调整分录: swlxV@NQ
借:预计负债 3 000 000 7e}p:Vfp
贷:营业外支出 500 000 &+%CC
其他应付款 2 500 000 D.$EvUSK<.