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)。 KRz~3yH{c
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: 47N,jVt4
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS (n`]
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20×8 63'm
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20×7 ; [G:
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Sales vJxEF&X
64000 n]df)a
48000 l^Ob60)2
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Cost of sales A
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54000 )9^)t
42000 "4\k1H"_
/78]u^SW
Net profit nfbR"E
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30 d(|q&b:
-20 ^3[_4av
NB1KsvD{
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December 31, 20×8 WG A1XQ{
December 31, 20×7 qCg<g
- w*fS,O
Inventory <3!Al,!ej@
16000 =* G3Khz!
12000 7mq&]4-G
)7 q"l3e"u
Current assets gUNhN1=
60000 V:w%5'^3
50000 JcUU#>
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Total assets t5%
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100000 _tJt
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90000 ]Cj@",/3#
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Current liabilities tPQ|znB|
20000 `Jk0jj6Z
18000 X8VBs#tLE
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Total liabilities ydy TDn
30000 9Q=VRH:
25000 ._^}M<o L
&nP0T-T5y
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During the audit, John has the following findings: /1MmOB
(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: ^#d\HI
Dr. Cash in Bank RMB 5820000 `p&[b]b
Dr. Financial Expenses RMB 180000 tGgxI D
Cr. Notes Receivable RMB 6000000 2uOYuM[7gH
(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: HD^#"
Dr. Non-operating Expenses RMB 3000000 SK
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Cr. Provisions RMB 3000000 4d`YZNvZW/
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =}0Uw4ub(u
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: uR ?W|a
Dr. Provisions RMB 3000000 S[1<Qrv]
Cr. Cash in Bank RMB 2500000 sSh{.XuB+3
Cr. Non-operating Income RMB 500000 &cL1
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Required: IplOXD
(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. =SXdO)%2
(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: sFc \L9 4
(a)Inventory Turnover Rate in 20×8; Jqj!k*=/
(b)Gross Profit Ratio in 20×8; Z#Mm4(KNh
(c)After Tax Return on Total Assets in 20×8; and Fp/{L
(d)Current Ratio as at December 31, 20×8 !HvA5'|:}
(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. 8cG?p
【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。 {1)A"lQu
以下是未经审计财务报表的部分信息: $AZYY\1
(单位:千元) =p8uP5H
项目 20×8 20×7 ^ +SE_ -+]
营业收入 64 000 48 000 /?eVWCR
营业成本 54 000 42 000 O;H6`JQ
净利润 30 -20 +4s]#{mP
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20×8年12月31日 20×7年12月31日 053bM)qW
存货 16 000 12 000 eR$@Q
流动资产 60 000 50 000 qD{1X25O
总资产 100 000 90 000 4yxQq7
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流动负债 20 000 18 000 :~otzI4%!
总负债 30 000 25 000 ob\-OMNs@
在审计过程中,约翰发现以下事项: s*k)h,\
(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: oZa'cZN
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借:银行存款5 820 000 c_3B: F7
财务费用 180 000 S"cTi[9
贷:应收票据6 000 000 8:$h
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(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: } ?j5V
借:营业外支出 3 000 000 X:oOp=y]|
贷:预计负债 3 000 000 oX|T&"&
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: J#I RbO)
借:预计负债 3 000 000 wtw=RA
贷:银行存款 2 500 000 `,qft[1
营业外收入 500 000 .xN<<+|_v'
要求: L,}'ST
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 BpZ~6WtBq
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: d=D-s
(a)20×8年存货周转率 Sc7 Ftb%
(b)20×8年销售毛利率
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(c)20×8年总资产净利率 &DLWlMGq
(d)20×8年12月31日的流动比率 A
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(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ubwM*
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【答案】 i g(O$y
(1)应选择营业收入作为计算重要性水平的基础。 KqK]R6>
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;P91'B~t
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 tF:AnNp=
销售毛利率=(64000-54000)/64000×100%=15.63% 6:zPWJB
总资产净利率=30/[(100000+90000)/2]=0.03% <Ht"t]u*Bn
流动比率=60000/20000=3 "`>6M&`U
(3) /eV)5`V
a.应建议做如下审计调整分录: !*-|!Vz
借:应收票据 6 000 000 F7DA~G!
贷:短期借款 5 820 000 Tn&