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)。 4h!f/aF'
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: heaR X4
(Expressed in RMB thousands) aSuM2
FINANCLAL STATEMENTS ITEMS +;g{$da5
20×8 ?&LZB}1
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20×7 $WYbm}j
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Sales {8,<ZZ_
64000 J89Dul l
48000
CycUeT
n,eJ$2!J
Cost of sales S-31-Zjw
54000 F62V3 Xy
42000 o-xDh7v
cYx4~ V^
Net profit ZvYLL{>}w
30 #po5_dE\*
-20 zWpqJ
K
bWl5(S` Z
>e2<!#er|
December 31, 20×8 nJRS.xs
December 31, 20×7 tx"sH]n
i |{Dd%4vK
Inventory /vY_Y3k#
16000 p~ C.IG
12000 <9=9b_z
{X2`&<i6
Current assets sS&
Z ,A
60000 ^mAYBOE
50000 *Ype>x{
DjU9
uZT
Total assets ug{R 3SS
100000 vA$o~?a]/
90000 UA[,2MBp
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Current liabilities =fm]D l9h*
20000 @i^~0A#q*
18000 {_(\`>
=#mTfJ
Total liabilities >0{S
30000 Ngb(F84H?
25000 h25G/`
<Sz52Suh>
\%
sVHt`c
During the audit, John has the following findings: |F.)zC5{
(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: 9}B`uJ
Dr. Cash in Bank RMB 5820000 gPAX4'
Dr. Financial Expenses RMB 180000 &a/__c/l
Cr. Notes Receivable RMB 6000000 MNH1D!}
(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: #fj/~[Ajv
Dr. Non-operating Expenses RMB 3000000 JFgoN,xn
Cr. Provisions RMB 3000000 /-6S{hl9Ne
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 b':|uu*/
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: pfx3C*
Dr. Provisions RMB 3000000 :V
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Cr. Cash in Bank RMB 2500000 I@Xn3oN
Cr. Non-operating Income RMB 500000 9N%JP+<89
Required: !v]b(z`Y
(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. JT
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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: IVlf=k
(a)Inventory Turnover Rate in 20×8; nm7;ieMfr
(b)Gross Profit Ratio in 20×8; 'qdPw%d
(c)After Tax Return on Total Assets in 20×8; and K[chjp!$l
(d)Current Ratio as at December 31, 20×8 47r_y\U h
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. XC7%vDIt
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 X0-IRJ[
以下是未经审计财务报表的部分信息: H3{GmV8
(单位:千元) Ll MpS<2NO
项目 20×8 20×7 |[9?ma
营业收入 64 000 48 000 PSawMPw
营业成本 54 000 42 000 nA?Hxos
净利润 30 -20 r_EcMIuk
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20×8年12月31日 20×7年12月31日 9 2MTX
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存货 16 000 12 000 vzF5xp.
流动资产 60 000 50 000 s:00yQ
总资产 100 000 90 000 <8UYhGK
流动负债 20 000 18 000 ;,&8QcSVY
总负债 30 000 25 000 4@.|_
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在审计过程中,约翰发现以下事项: : S$l"wrh\
(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: G8
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借:银行存款5 820 000 T]Nu)
财务费用 180 000
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贷:应收票据6 000 000 M4ozTp<$O
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: :b[`
v
借:营业外支出 3 000 000 n;R#,!<P
贷:预计负债 3 000 000 B*htN
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: :|o<SZ
借:预计负债 3 000 000 Vt
ppuu$
贷:银行存款 2 500 000 /v095H@
营业外收入 500 000 c:83
LZ
要求: Y2o6kS{x
(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。 RFh"&0[
(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: 8Ry74|`=R
(a)20×8年存货周转率 q P ;A}C
(b)20×8年销售毛利率 B=
keBO](@
(c)20×8年总资产净利率 Q4t(@0e}
(d)20×8年12月31日的流动比率 ~lEVXea!
(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) yGg,$WM
【答案】 m8623DB"
(1)应选择营业收入作为计算重要性水平的基础。 */ G<!W
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 BQ^H? jo
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 $4jell
销售毛利率=(64000-54000)/64000×100%=15.63% QrApxiw
总资产净利率=30/[(100000+90000)/2]=0.03% p2PY@d}}.
流动比率=60000/20000=3 OdMO=Hy6d
(3) T^Ab!O
a.应建议做如下审计调整分录: {%w!
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借:应收票据 6 000 000
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贷:短期借款 5 820 000 BF{w)=@/'
财务费用 180 000 2/,0iwj-
b.应建议做如下审计调整分录: "QoQ4r<|
借:预计负债 3 000 000 E2GGEKrW
贷:营业外支出 500 000 X &2oPo
其他应付款 2 500 000 B*!WrB:s