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)。 d
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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: U@& <5'
(Expressed in RMB thousands) Km+29
FINANCLAL STATEMENTS ITEMS 1b6gTfU
20×8 5*g@;aR1
20×7 DLS-WL
C+5^[V
Sales t T-]Vj.
64000 h^hEyrJw
48000 uO[4 WZ
\vQ_:-
A
Cost of sales JB%6G|Z
54000 m
7 Fz&bN
42000 _tjFb_}Q
cR@z^
Net profit J)jiI>
30 _rs#h)
-20 0QC*Z (
r{%NMj
B|, 6m 3.
December 31, 20×8 c
|C12b[
December 31, 20×7 &-cI|
y]?$zbB
Inventory JH)&Ca>S
16000 E\V>3rse
12000 \re.KB#R
t9K.Jc0
Current assets T7W+K7kbI
60000 {'!D2y.7g
50000 FswFY7
8
jC\R
8_
Total assets sn Ekei|0
100000 ?: meix
90000 n]j(tP
qtgK}*9ptv
Current liabilities DJn>. Gd
20000 ![vc/wuf
18000 ~{5%~8h.0r
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Total liabilities *=2jteG=3.
30000 ;<&s_C3
25000 v>nJy~O]
Sl$dXB@
/(}V!0\?
During the audit, John has the following findings: ^k)f oD
(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: D 'u+3
Dr. Cash in Bank RMB 5820000 6B+
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Dr. Financial Expenses RMB 180000 lA]u8+gXd
Cr. Notes Receivable RMB 6000000 (c}0Sg
(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: +Nza@B d
Dr. Non-operating Expenses RMB 3000000 J,~)9Kh$
Cr. Provisions RMB 3000000 )(
m
a
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 #%{\59/w
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: v5 9>
Dr. Provisions RMB 3000000 N%?o-IY
Cr. Cash in Bank RMB 2500000 ($cu!$lY~
Cr. Non-operating Income RMB 500000
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J_:\
Required: u8W*_;%:
(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. 7=<PVJ*/
(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: d&ZwVF!
(a)Inventory Turnover Rate in 20×8; C#r`oZS1
(b)Gross Profit Ratio in 20×8; gai?LXM
l}
(c)After Tax Return on Total Assets in 20×8; and !tbRqW6v
(d)Current Ratio as at December 31, 20×8 )0GnTB;5Z
(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. =Q|}7g8o
【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。 _c(=>
以下是未经审计财务报表的部分信息: l+N?:E$5=%
(单位:千元) 9m'[52{o
项目 20×8 20×7 m+u>%Ys`
营业收入 64 000 48 000 8:A<PV!+
营业成本 54 000 42 000 FSBCk
净利润 30 -20 k|lxJ^V#
#mM&CscE
20×8年12月31日 20×7年12月31日 /f6]XP\'`+
存货 16 000 12 000 FVD}9ia
流动资产 60 000 50 000 vc!S{4bN
总资产 100 000 90 000 T.|0;Eb
流动负债 20 000 18 000 5Px.G*
总负债 30 000 25 000
Y7jD:P
在审计过程中,约翰发现以下事项: siG?Sd_2
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ke4q$pD
借:银行存款5 820 000 NV91{o(-7
财务费用 180 000 Q72wg~% w
贷:应收票据6 000 000 lZua"Ju
(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: n$Pv2qw
借:营业外支出 3 000 000 Zk/NO^1b
贷:预计负债 3 000 000 ,Utw!]
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: JZv]tJWq
借:预计负债 3 000 000 a-}%R
贷:银行存款 2 500 000 OcH- `A
营业外收入 500 000 bFVdv&
要求: =L=#PJAPj
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 tFSdi.|G=
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: K;97/"
(a)20×8年存货周转率 .ClCP?HG
(b)20×8年销售毛利率 U'lD|R,g
(c)20×8年总资产净利率 +Va?wAnr
(d)20×8年12月31日的流动比率 q-o>yjT~
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Ab"uN
【答案】 D4vmBVT
(1)应选择营业收入作为计算重要性水平的基础。 C>u 3n^
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 lxmS.C
g:6yvEu$ -
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 %1<p1u'r?#
销售毛利率=(64000-54000)/64000×100%=15.63% f|G7L5-
总资产净利率=30/[(100000+90000)/2]=0.03% M$?6
'
流动比率=60000/20000=3 _Pz3QsV9
(3) 0!VLPA:
a.应建议做如下审计调整分录: !Q3Snu=
借:应收票据 6 000 000 R P X`2zr
贷:短期借款 5 820 000 T7T!v
财务费用 180 000 NY;UI(<]
b.应建议做如下审计调整分录: Gu}x+hG
借:预计负债 3 000 000 'H'+6
贷:营业外支出 500 000 g@y"
B6X
其他应付款 2 500 000 xh6x
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