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: 3?_%|;ga
(Expressed in RMB thousands) OQ<;w
FINANCLAL STATEMENTS ITEMS awz.~c++
20×8 IIBS:&;+-
20×7 j%Uoi
gi
l>s@&%;Mg
Sales r#w 7qEtD
64000 +`B^D
48000 ]uh/ !\
upeioC q
Cost of sales v6L]3O1
54000 >nvK{6xR:
42000 L %ifl:K
^AOJ^@H^>
Net profit Jx`7W1%T
30 MMD=4;X
-20 j*f\Z!EeZ
r[7*1'.p
P&tw!B
December 31, 20×8 u:l<NWF^
December 31, 20×7 >X"\+7bw
q%vel.L]%
Inventory :1gpbfW
16000 #(+V&<K
12000 DZH2U+K
1Id"|/b%$
Current assets z" ?WT$
60000 .VUnOdI
50000 S-7 C'dc
v|
]"uPxH?
Total assets ty%,T.@e
100000 /
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90000 Q~' \oWz
M&9urOa`
Current liabilities N
Mx:Jh-YN
20000 eC6wrpZO
18000 `@0AGSzUv
QJjk#*?,|
Total liabilities ,\RR@~u'
30000 ;
/+U.I%z
25000 em- <V5fb
$2}%3{<j
08%Bx~88_%
During the audit, John has the following findings: R)isWw4
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 3r,Kt&2$
Dr. Cash in Bank RMB 5820000 7i#/eRui
Dr. Financial Expenses RMB 180000 BD^1V(
I/
Cr. Notes Receivable RMB 6000000 0O]v|
(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: pDvznpQ
Dr. Non-operating Expenses RMB 3000000 _bgv +/
Cr. Provisions RMB 3000000 ~0?B
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ub`zS-vb
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: zE/\2F$
Dr. Provisions RMB 3000000 F>X<=YO0
Cr. Cash in Bank RMB 2500000 w
$`w
Cr. Non-operating Income RMB 500000 %p&y/^=0I
Required: )DlKeiK
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. H5
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: asCcBp
(a)Inventory Turnover Rate in 20×8; SZR`uS
(b)Gross Profit Ratio in 20×8; *8)va
(c)After Tax Return on Total Assets in 20×8; and ` QW=<Le?
(d)Current Ratio as at December 31, 20×8 *BF[thB:a
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. difX7)\
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 L2~'Z'q
以下是未经审计财务报表的部分信息: {I?)ODx7qC
(单位:千元) 0!$y]Gr
项目 20×8 20×7 /5j5\F:33
营业收入 64 000 48 000 &CN(PZv
营业成本 54 000 42 000 _)~VKA]""
净利润 30 -20 Y}<%~z#.4
,j.bdlI#
20×8年12月31日 20×7年12月31日 &%t&[Se
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存货 16 000 12 000 o[+t}hC[
流动资产 60 000 50 000 FC+h
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总资产 100 000 90 000 2\gIjXX"
流动负债 20 000 18 000 V@O)7ND
总负债 30 000 25 000 C4|OsC7J
在审计过程中,约翰发现以下事项: F*>#Xr~/
(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: v7`{6Pf_$
借:银行存款5 820 000 K,%CE
].
财务费用 180 000 RgQs`aI
贷:应收票据6 000 000 mdEl
CC0
(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: ^w<aS
w
借:营业外支出 3 000 000 :XG~AR/
贷:预计负债 3 000 000 VfP\)Rl
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: _nxH
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借:预计负债 3 000 000 Q[K)Yd
贷:银行存款 2 500 000 H6|eUU[&
营业外收入 500 000 cGdYfi
要求: e"NP]_vh,
(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。 R*6B@<p,i
(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: \hBzP^*"n
(a)20×8年存货周转率 fmc\Li
(b)20×8年销售毛利率 ^m&P0
(c)20×8年总资产净利率 iR88L&U>
(d)20×8年12月31日的流动比率 n\JI7A}
(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) v}d)uPl};
【答案】 15
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(1)应选择营业收入作为计算重要性水平的基础。 eNVuw: Q+
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 !U1
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 0.w7S6v|&
销售毛利率=(64000-54000)/64000×100%=15.63% 1# z@D(
总资产净利率=30/[(100000+90000)/2]=0.03% @DY"~ccH
流动比率=60000/20000=3 1
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(3) ms&1P
a.应建议做如下审计调整分录: y1Z>{SDiq
借:应收票据 6 000 000 DZnqCu"J
贷:短期借款 5 820 000 +jF2{"
财务费用 180 000 *KY:U&*
b.应建议做如下审计调整分录: _N^w5EBC]
借:预计负债 3 000 000 W{tZX^|
贷:营业外支出 500 000 vB{iw}Hi!
其他应付款 2 500 000 NlKVl~_ C