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)。 PjriAlxD
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: <rd7<@>5D
(Expressed in RMB thousands) \ .HX7v
FINANCLAL STATEMENTS ITEMS VT1Nd
20×8 t2Dx$vT*&
20×7 `2 X~3im
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Sales OYKeu(=L
64000 23XSQHVx
48000 MxMrLiqU6l
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Cost of sales 6'6"Ogu%'
54000 "YbvI@pD
42000 8&FnXhZg4
`$j"nP F_
Net profit jEr/*kv
30 R*~<?}Rr
-20 j)IXe 0dMC
!yAg!V
KY
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December 31, 20×8 &9bsTm
December 31, 20×7 ?o'!(3`L
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Inventory w'[lIEP 2$
16000 -QR&]U+
12000 MONfA;64/
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Current assets %Od?(m"&
60000 :G$f)NMK
50000 t,#9i#q#
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Total assets lA[BV7.=7
100000 ,-7w\%*
90000 RR h0G>*
t,
$4J6
Current liabilities -V@vY42
20000 [<m1xr4"k
18000 .6Jo1$+
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Total liabilities NoS|lT
30000 ceN*wkGyB
25000 2
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ER0nrTlB<
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During the audit, John has the following findings: JR/:XYS+
(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: ?f!w:zp
Dr. Cash in Bank RMB 5820000 39| W(,
Dr. Financial Expenses RMB 180000 X`kTbIZ|
Cr. Notes Receivable RMB 6000000 4%L`~J4 wr
(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: $$7Mq*a>
Dr. Non-operating Expenses RMB 3000000 qW8sJ=
Cr. Provisions RMB 3000000 6gz
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 !#0Lo->OO
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: 5S
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Dr. Provisions RMB 3000000 JvFd2@
Cr. Cash in Bank RMB 2500000 hwkm'$}
Cr. Non-operating Income RMB 500000 k<p$BZ
Required: <GoUth.#
(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. QkbXm[K.Z
(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: ]?!#*<t r
(a)Inventory Turnover Rate in 20×8; 9PXG*r|D
(b)Gross Profit Ratio in 20×8; :o$k(X7a
(c)After Tax Return on Total Assets in 20×8; and )xgOl*D
(d)Current Ratio as at December 31, 20×8 9?"]dEM
(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. c#'t][Ii
【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。
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以下是未经审计财务报表的部分信息: bup)cX^
(单位:千元) $10"lM[
项目 20×8 20×7 (]*
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营业收入 64 000 48 000 x6Q,$B
营业成本 54 000 42 000 ? <
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净利润 30 -20 /NvHM$5O%
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20×8年12月31日 20×7年12月31日 +]I7]
存货 16 000 12 000 ;.$AhjqiP
流动资产 60 000 50 000 N y_d
总资产 100 000 90 000 w|$i<OIi)
流动负债 20 000 18 000 s;!TB6b@
总负债 30 000 25 000 'qR)f\em
在审计过程中,约翰发现以下事项: W Z'UVUi8
(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: DC?U+
借:银行存款5 820 000 _P6e%O8C#
财务费用 180 000 zN2CI6
贷:应收票据6 000 000 ^P30g2gv>
(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 3))3]
借:营业外支出 3 000 000 9<qAf`
贷:预计负债 3 000 000 -/ 5" Py
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: `[)
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借:预计负债 3 000 000 1F`1(MYt9
贷:银行存款 2 500 000 IM-O<T6r[N
营业外收入 500 000 TmI~P+5w
要求: NDsF<2A4
(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。
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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: sfb)iH|sW
(a)20×8年存货周转率 Zb> UY8
(b)20×8年销售毛利率 WI@l2`X
(c)20×8年总资产净利率 (^h2'uB
(d)20×8年12月31日的流动比率 -U&k%X
(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) pC=kv ve
【答案】 05o +VF;z
(1)应选择营业收入作为计算重要性水平的基础。 %x(||cq
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .%~m|t+Rt
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 | ]#PF*
销售毛利率=(64000-54000)/64000×100%=15.63% ScN'|Ia.-
总资产净利率=30/[(100000+90000)/2]=0.03% pBo=omQV
流动比率=60000/20000=3 3a|I| NP
(3) l1_hD,4
a.应建议做如下审计调整分录: B=vBJC)
借:应收票据 6 000 000 eK8y'VY
贷:短期借款 5 820 000 lVb{bO9-O
财务费用 180 000 )DR/Xu;b
b.应建议做如下审计调整分录: JDbRv'F:(
借:预计负债 3 000 000 94uAt&&b(
贷:营业外支出 500 000 }
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其他应付款 2 500 000 =r1-M.*a.M