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)。 }33Au-%*
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: `fVA.%
(Expressed in RMB thousands) +mPB?5
FINANCLAL STATEMENTS ITEMS EHJc*WFPU-
20×8 ^w}Ib']X
20×7 .kDCcnm
4[j) $!l`
Sales zMg^2{0L
64000 mM~Q!`Nf.
48000 NPq2C8:
IN*Z__l8j`
Cost of sales C>-"*Lt
54000 Ps,w(k{d
42000 w5R9\<3
L
L7="! I
Net profit 3CL:VwoW
30 goWt!,&f
-20 KA[Su0
7En~~J3
|'(IWU
December 31, 20×8 nW[aPQ[R
December 31, 20×7 p`C5jfI
tjL#?j
Inventory "lMWSCas
16000 +o5rR|)M+
12000 @g?z>n
n
/;[')RO`
Current assets N4FG_N
60000 of<OOh%3
50000 &$
9bC't6
ba.OjK@
Total assets SxyFFt
100000 KJ
|1zCM
90000 #`EMK
}zLE*b,
Current liabilities 3*L,48wX
20000 #7) 6X:/O
18000 iE{ SqX
svII =JB
Total liabilities ,s<d"]<
30000 Oms`i&}"}
25000 Ds$;{wl#x
FL}8h/
=Ih_[$1dw
During the audit, John has the following findings: IrK )N
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: DtX{0p<T3
Dr. Cash in Bank RMB 5820000 =!2
Dr. Financial Expenses RMB 180000 Il[WXt<S
Cr. Notes Receivable RMB 6000000 (yVI<Os{a
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: L.(k8eX
Dr. Non-operating Expenses RMB 3000000 'McVaPav
Cr. Provisions RMB 3000000 WbF\=;$=7
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 pwQ."2x
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: 0J B"@U&-
Dr. Provisions RMB 3000000 Z7/
lFS'~N
Cr. Cash in Bank RMB 2500000 P=GM7
Cr. Non-operating Income RMB 500000 6y5~Kh6
Required: "5FeP;
(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. pQJZE7S
(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: /vU31_eZ
t
(a)Inventory Turnover Rate in 20×8; jLU)S)
(b)Gross Profit Ratio in 20×8; 3H
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(c)After Tax Return on Total Assets in 20×8; and xC]/i(+bA
(d)Current Ratio as at December 31, 20×8 $MR4
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(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. bzTM{<]sv
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 xae7#d0
以下是未经审计财务报表的部分信息: q}lSnWY[[
(单位:千元) +yk>jx
项目 20×8 20×7 w;O '6"
营业收入 64 000 48 000 j@f(cRAf#
营业成本 54 000 42 000 D[_2:8
净利润 30 -20 N[%IrN3
nDfDpP&
20×8年12月31日 20×7年12月31日 K, Vl.-4?
存货 16 000 12 000 *%.*vPJ
流动资产 60 000 50 000 dcsd//E
总资产 100 000 90 000 .T2I]d
流动负债 20 000 18 000 O@VmV>m
总负债 30 000 25 000 Z(cgI5Pu
在审计过程中,约翰发现以下事项: {1mD(+pJ{
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ] N8V?.|:
借:银行存款5 820 000 c'C2V9t
财务费用 180 000 [?A0{#5)8x
贷:应收票据6 000 000 ~EymD *
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: nN:i{t4f
借:营业外支出 3 000 000 C\Rd]P8\
贷:预计负债 3 000 000 5;+Bl@zGu
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: aE}u5L$#
借:预计负债 3 000 000 TqC"lO>:Q
贷:银行存款 2 500 000 wrWWXOZ4
营业外收入 500 000 .#SWfAb2h
要求: 4_eq@'9-q
(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。 o5d)v)Rx=
(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: P]G2gDO
(a)20×8年存货周转率 J5-^@JYK
(b)20×8年销售毛利率 !nVuvsbv
(c)20×8年总资产净利率 B7
T+a
(d)20×8年12月31日的流动比率 E;SFf
(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) 3z#16*
【答案】 .*+&>m7
(1)应选择营业收入作为计算重要性水平的基础。 W NCd k$
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 pAYuOk9n
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 H"sey +-
销售毛利率=(64000-54000)/64000×100%=15.63% H~&'`h1
总资产净利率=30/[(100000+90000)/2]=0.03% NB[b[1 Ch
流动比率=60000/20000=3 aO{k-44y
(3) k&*=:y}
a.应建议做如下审计调整分录: MZ.Jkf(
借:应收票据 6 000 000 7_LE2jpC,5
贷:短期借款 5 820 000 Cs< d\"+
财务费用 180 000 JyV"jL
b.应建议做如下审计调整分录: YRl2e`&jt
借:预计负债 3 000 000 V@F~Cx
贷:营业外支出 500 000 2Ig.hnHj
其他应付款 2 500 000 6w'^,V