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)。 vu;pILN
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: 6+e@)[l.zc
(Expressed in RMB thousands) sME3s-
FINANCLAL STATEMENTS ITEMS nWfOiw-t
20×8 G@ XKE17
20×7 iZB?5|*
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Sales ^i2W=A'P
64000 =U!M,zw4
48000 mTT1,|
kFW9@!9
Cost of sales B)O{+avu
54000 |vw0:\/H
42000 t{|
KL<d]
>fPa>[_1
Net profit u1xCn\
30 61HU_!A8S
-20 Q}2aBU.f
o
nt8q8
_$ ]3&P
December 31, 20×8 #HpF\{{v
December 31, 20×7 8hZ+[E}
x4Mq{MrWp
Inventory -uXf?sTV
16000 V6B`q;lA
12000 R$IxR=hMx
:[|4Zn
Current assets }9<pLk
60000 Pk !RgoWF
50000 DpH+lpC
`h}fS4CO
Total assets X]d;x/2
100000 f^b.~jXSR}
90000 ov*?[Y7|~
$8vZi
B!"
Current liabilities 9AO`Zk{/Ez
20000 HjAhz
18000 a,i
k=g
~v"4;A6
Total liabilities ,c<&)6FU]
30000 vg[A/$gLM
25000 @k['c
GX?R# cf
Ybo:2e
During the audit, John has the following findings: 7yM=$"'d
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: oJb${k<3
Dr. Cash in Bank RMB 5820000 Is1P,`*!
Dr. Financial Expenses RMB 180000 <ZO"0oz%
Cr. Notes Receivable RMB 6000000 gb+iy$o-
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 9.u}<m
Dr. Non-operating Expenses RMB 3000000 *:S_v.Y3"
Cr. Provisions RMB 3000000 p5`iq~e9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 R8|H*5T?+
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: wV8_O)[
Dr. Provisions RMB 3000000 V>D8l @
Cr. Cash in Bank RMB 2500000 pURtk-Fr2
Cr. Non-operating Income RMB 500000 0z&]imU
Required: )#S;H$@$
(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. O(x1Ja,&
(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: c\A
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(a)Inventory Turnover Rate in 20×8; *-uA\
(b)Gross Profit Ratio in 20×8; czNi)4x
(c)After Tax Return on Total Assets in 20×8; and prtNfwJz1j
(d)Current Ratio as at December 31, 20×8 yp}J+/PX}
(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. U9"g;t+/
【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。 dRj2%Q f
以下是未经审计财务报表的部分信息: 1eHU!{<fqm
(单位:千元) NxY B)`~
项目 20×8 20×7 9o%k [n
营业收入 64 000 48 000 t5O '7x
营业成本 54 000 42 000 XhEZTg;
净利润 30 -20 #+CH0Z
^UU@7cSi|G
20×8年12月31日 20×7年12月31日 jW]Q-
存货 16 000 12 000 tofX.oi+C$
流动资产 60 000 50 000 XZ%3PMq
总资产 100 000 90 000 |5il5UP
流动负债 20 000 18 000 /bdL.Y# V
总负债 30 000 25 000 U]/iPG&_
在审计过程中,约翰发现以下事项: m\zCHX#n
(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: D6+^Qmu"p
借:银行存款5 820 000 Q1kZ+b&
财务费用 180 000 _[)f<`!g_V
贷:应收票据6 000 000 }2xgm9j<
(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: ;|qbz]t2(
借:营业外支出 3 000 000 -g n!8G1
贷:预计负债 3 000 000 74_':,u;]~
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: /{6&99SJcc
借:预计负债 3 000 000
RE._Ov>
贷:银行存款 2 500 000 ?+)>JvWDz
营业外收入 500 000 3+[;
要求: /]U),LbN
(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。 oYx4+xH/
(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: 79&=MTM
(a)20×8年存货周转率 zv.#9^/y
(b)20×8年销售毛利率 cr,fyAvX
(c)20×8年总资产净利率 +{~cX]|
(d)20×8年12月31日的流动比率 u@]rR&h`
(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)
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【答案】 #,[z}fq
(1)应选择营业收入作为计算重要性水平的基础。 y^0
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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。 /,d]`N!
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 J]W?
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销售毛利率=(64000-54000)/64000×100%=15.63% o[I
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总资产净利率=30/[(100000+90000)/2]=0.03% ]ZR}Pm/CA
流动比率=60000/20000=3 B_DyH
C\<
(3) >//yvkZ9,
a.应建议做如下审计调整分录: lvOM
1I
借:应收票据 6 000 000 r S>@>8k2,
贷:短期借款 5 820 000 G^ShN45
财务费用 180 000 C5,\DdCX,
b.应建议做如下审计调整分录: LbkQuq/d
借:预计负债 3 000 000 _|r/*(hh
贷:营业外支出 500 000 ajCe&+
其他应付款 2 500 000 x)R1aq