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)。 m&'z|eN
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: G(4*e! aZ0
(Expressed in RMB thousands) 1I'ep\`"X
FINANCLAL STATEMENTS ITEMS g{`r WKj
20×8 `kx+ Kc
20×7 .] S{T
$] js0)>
Sales Dn[iA~
64000 \2rCT~x
48000 hb6UyN
. PzlhTL7
Cost of sales F-=W7 D:[c
54000 w% Ug9
42000 VW7
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Net profit /r4QDwu
30 .js@F/Hp
-20 bS0z\!1
-PHVM=:
7VP[U,
December 31, 20×8 -?8;-h, h
December 31, 20×7 x?ajTzMv
V9v80e {n4
Inventory ^,Sl^ 9K
16000 t=`bXBX1
12000 FyXz(l:
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Current assets jLULf+8&
60000 Q k`yK|(0=
50000 ^JDiI7
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Total assets h
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100000 mkfU
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90000 P|"U
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Current liabilities 1 :xN )M,s
20000 cuJ%;q=;
18000 |eEcEu?/b
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Total liabilities -{
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30000 _T\~AwVc<
25000 3^>D |
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During the audit, John has the following findings: ?i.]|#{Z
(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: =[O;/~J%:
Dr. Cash in Bank RMB 5820000 X-F|&yE~<
Dr. Financial Expenses RMB 180000 @v1f)(N
Cr. Notes Receivable RMB 6000000 0|0<[:(hc
(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: wIW]uo/=
Dr. Non-operating Expenses RMB 3000000 3{mu 77
Cr. Provisions RMB 3000000 ,0^:q)_
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 '_z#}P<
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: C<!%V
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Dr. Provisions RMB 3000000 B!vI^W
Cr. Cash in Bank RMB 2500000 _)q,:g~fu
Cr. Non-operating Income RMB 500000
rPV\ F
Required: +LwE=unS
(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. M(,npW
(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: jk0Ja@8PK
(a)Inventory Turnover Rate in 20×8; *@'\4OO
(b)Gross Profit Ratio in 20×8; zt 1Pu
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(c)After Tax Return on Total Assets in 20×8; and I'URPj:t
(d)Current Ratio as at December 31, 20×8 ^Zh
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(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. 3P1OyB
【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。 ^L&hwXAO:
以下是未经审计财务报表的部分信息: ^-3R+U- S
(单位:千元) gxpGi@5
项目 20×8 20×7 L#'B-G4&y
营业收入 64 000 48 000 `TBI{q[y
营业成本 54 000 42 000 8$fiq}a
净利润 30 -20 W/PZD (
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20×8年12月31日 20×7年12月31日 LT sG
存货 16 000 12 000 RlU=
流动资产 60 000 50 000 o=`FGowF
总资产 100 000 90 000 tlU&p'
流动负债 20 000 18 000 hJ0)"OA5
总负债 30 000 25 000 '-F
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在审计过程中,约翰发现以下事项: neGCMKtzlJ
(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: mZVYgJQ[
借:银行存款5 820 000 *$nz<?
财务费用 180 000 ~Co7 %e V
贷:应收票据6 000 000 W&[}-E8<Y
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 56Q9RU(M
借:营业外支出 3 000 000 UE4zmIq
贷:预计负债 3 000 000 e2~i@vq
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: )-FQ_K%
借:预计负债 3 000 000 jI$}\*g
贷:银行存款 2 500 000 Gc)
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营业外收入 500 000 Zy2@1-z6
要求: |okS7.|IX
(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。 pIh%5ZU
(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: W`fE@* k0
(a)20×8年存货周转率 yQ>
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(b)20×8年销售毛利率 4
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(c)20×8年总资产净利率 %2=nS<kC
(d)20×8年12月31日的流动比率 y%CaaK=V3
(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) oI9Jp`
【答案】 t
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(1)应选择营业收入作为计算重要性水平的基础。 EQ&E C
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 `jR;Rcz
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 !m"(SJn"
销售毛利率=(64000-54000)/64000×100%=15.63% >= Hcw
总资产净利率=30/[(100000+90000)/2]=0.03% CtwMMZXX3
流动比率=60000/20000=3 /#?lG`'1
(3) +%%FT#ce
a.应建议做如下审计调整分录: 3Q^@!hu
借:应收票据 6 000 000 }}v04~
贷:短期借款 5 820 000 !*wK4UcX"
财务费用 180 000 dq?q(_9
b.应建议做如下审计调整分录: 7kM_Ijd$
借:预计负债 3 000 000 T!o
4k
贷:营业外支出 500 000 q2}<n
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其他应付款 2 500 000 ': Gk~