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)。 VZl6t;cn
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: (!zy{;g|
(Expressed in RMB thousands) cx0*X*
FINANCLAL STATEMENTS ITEMS s91JBP|B7
20×8 *~x/=.}
20×7 Ny%(VI5:
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Sales ,xx R\}
64000 0a "c2J
48000 Xqm::1(-(
(/j); oSK
Cost of sales +o51x'Ld*
54000 ,kn">k9
42000 $
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Net profit (#E.`e1#6
30 go<W( ,O
-20 ;/rXQe1
EB8\_]6XJ
7?%k7f
December 31, 20×8 [E
] E
December 31, 20×7 B[
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se>MQM5 )
Inventory #"5 Dk#@
16000 9^p;UA
12000 6 M*O{f
fOMW"myQ
Current assets UZpIcj cL
60000 ;{"+g)u
50000 K]9"_UnN
n0
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Total assets jE/AA!DC#
100000 CtS l
90000 `6xkf&Kt
W0]gLw9*
Current liabilities & J2M1z%
20000 "PpN0Rr
18000 B,=H@[Fj
Uh):b%bS;J
Total liabilities 7F{3*`/6
30000 9c6gkt9eB
25000 t>$kWd{9e;
O|M{-)
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During the audit, John has the following findings: 0ok-IHE<
(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: j_.5r&w
Dr. Cash in Bank RMB 5820000 c>)Yt^q&K
Dr. Financial Expenses RMB 180000 [+DW >Et
Cr. Notes Receivable RMB 6000000 +lMX{es\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: ~S7D>D3S
Dr. Non-operating Expenses RMB 3000000 {R?U.eJW
Cr. Provisions RMB 3000000 SF<c0bR9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 _c_[C*T]
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: 7G>d
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Dr. Provisions RMB 3000000 [S>2ASj
Cr. Cash in Bank RMB 2500000 _zwG\I|Q
Cr. Non-operating Income RMB 500000 <
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Required: :1bW
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(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. aN8|J?JH
(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:
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(a)Inventory Turnover Rate in 20×8; c:o]d )S
(b)Gross Profit Ratio in 20×8; 4QIX19{"
(c)After Tax Return on Total Assets in 20×8; and ZP\-T*)l$
(d)Current Ratio as at December 31, 20×8 /Id%_,}Kb
(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.
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【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。 sv&;Y\2c
以下是未经审计财务报表的部分信息: )j0TeE1R
(单位:千元) <y NM%P<Oy
项目 20×8 20×7 M 4?ig}kh
营业收入 64 000 48 000
+w{*Xk)4
营业成本 54 000 42 000 ZWKg9 %y7
净利润 30 -20 #nPQ!NB/
jGpN,/VQa
20×8年12月31日 20×7年12月31日 s pp f
存货 16 000 12 000 I
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流动资产 60 000 50 000 L'0B$6
总资产 100 000 90 000 :i .{
流动负债 20 000 18 000 'DL`Ee\
总负债 30 000 25 000 [8*jw'W|[
在审计过程中,约翰发现以下事项: hUp.tK:X7o
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: &p4&[H?
借:银行存款5 820 000 a
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财务费用 180 000 SfaQvstN
贷:应收票据6 000 000 lY
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(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: g|vNhq0|i
借:营业外支出 3 000 000 G2Qlt@.T
贷:预计负债 3 000 000 3 +G$-ru
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: Z:sg}
借:预计负债 3 000 000 4hTMbS_;
贷:银行存款 2 500 000 6'!4jh
营业外收入 500 000 4;0lvDD
要求: %B5wH_p
(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。 )quM
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(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: eQp4|rf
(a)20×8年存货周转率 +~mA}psr
(b)20×8年销售毛利率 AK*LyR?
(c)20×8年总资产净利率 rMLp-aR'
(d)20×8年12月31日的流动比率 %&w3;d;c
(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) ~&7MkkftM
【答案】 ZK@N5/H(
(1)应选择营业收入作为计算重要性水平的基础。 H1QJk_RL
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 !`,Sfqij
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 y)W@{@{kl
销售毛利率=(64000-54000)/64000×100%=15.63% ;;C?{
总资产净利率=30/[(100000+90000)/2]=0.03% :+z4~%
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流动比率=60000/20000=3 ;7 E7!t^
(3) m
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a.应建议做如下审计调整分录: I+[>I=ewa
借:应收票据 6 000 000 6/r)y+H
贷:短期借款 5 820 000 w&o&jAb-M
财务费用 180 000 V@cM |(
b.应建议做如下审计调整分录: iw8yb;|z;A
借:预计负债 3 000 000 N343qU
贷:营业外支出 500 000 ;>?rP88t
其他应付款 2 500 000 kt["m.