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)。 )|2g#hH5
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: #>!!#e!*
(Expressed in RMB thousands) WlG/7$
FINANCLAL STATEMENTS ITEMS n1!u
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20×8 \N;s@j W
20×7 jIuE1ve
}.e*=/"MB
Sales a:@Eg;aN*O
64000 G =lC[i
48000 mT\]
iUSs) []H>
Cost of sales h`jtmhoz
54000 ~/gqXT">
42000 !QC->
S* <:He&1
Net profit v`nodI
30 c)lM
i}/
-20 w'U;b
4UG7{[!+
=1LrU$\
December 31, 20×8 VIynlvy
December 31, 20×7 K{"(|~=U
p?5`+Z
Inventory |8V+(V
zl
16000 _H@S(!
12000 T2^@x9
ar>S_VW*
Current assets 8'/vW ~f
60000 QBDi;Xzb+
50000 H?^Poe(=(
aq[kKS`
Total assets @K2q*d
100000 -pyTzC$HO
90000 ,zz+s[ZH7O
}!5"EL(L80
Current liabilities !J'BAq[x
20000 9?@M Zh
18000 1^Ci$ra
|)yO]pB:
Total liabilities IQY\L@"
30000 &5c)qap;n
25000 :/d#U:I
B-'Xk{
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During the audit, John has the following findings: </Q<*@p?
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 7$}lkL
Dr. Cash in Bank RMB 5820000 +qDudGI
Dr. Financial Expenses RMB 180000 VbJGyjx
Cr. Notes Receivable RMB 6000000 ~B|K]&/]
(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: 3S
+.]v>
Dr. Non-operating Expenses RMB 3000000 MhWmY[
Cr. Provisions RMB 3000000 #.#T+B+9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 #k5Nnv#(J
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: -=QA{n
Dr. Provisions RMB 3000000 [y64%|m
Cr. Cash in Bank RMB 2500000 qeHb0G
Cr. Non-operating Income RMB 500000 ?neXs-'-p
Required: l]^uVOX
(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. qAHQZKk
(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: c$bb0J%
(a)Inventory Turnover Rate in 20×8; Gpo(Zf?
(b)Gross Profit Ratio in 20×8; p.gi8%f`
(c)After Tax Return on Total Assets in 20×8; and 7_ZfV?
.
(d)Current Ratio as at December 31, 20×8 VuPa'2
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. =P-kb^ s
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 vRYfB{~
以下是未经审计财务报表的部分信息: M7BJ$fA0E
(单位:千元) LoqS45-)
项目 20×8 20×7 #1&wfI$
营业收入 64 000 48 000 ns
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营业成本 54 000 42 000 `o)rAD^e
净利润 30 -20 rAM{<
fu"#C}{
20×8年12月31日 20×7年12月31日 I?EtU/AD
存货 16 000 12 000 \l"1Io=
流动资产 60 000 50 000 dzKI?i)x
总资产 100 000 90 000 6"/cz~h
流动负债 20 000 18 000 [;
总负债 30 000 25 000 oZQ%P
在审计过程中,约翰发现以下事项: pmv;M`_|R
(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: Z9E[RD
借:银行存款5 820 000 M._9/
*C U
财务费用 180 000 9l+'V0?`
贷:应收票据6 000 000 B_aLqB]U
(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: XcAx@CY9c
借:营业外支出 3 000 000 #kR8v[Z
贷:预计负债 3 000 000 /YKg.DA|
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: i<m 1^a#C'
借:预计负债 3 000 000 ~Uz,%zU#3
贷:银行存款 2 500 000 Mxc0=I'a
营业外收入 500 000 jO &sS?
要求: >WVos 4
(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。 >ZTRwy`_(
(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: "eA4JL\%)
(a)20×8年存货周转率 fzT|{vG8
(b)20×8年销售毛利率 'avzESe~'
(c)20×8年总资产净利率 iO4Yfj#?
(d)20×8年12月31日的流动比率
|_xU{Pu
(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) *UJ.cQ}
【答案】 W|XW2`3p
(1)应选择营业收入作为计算重要性水平的基础。 @eU;oRVc{
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 wJ,l"bnq
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >> yK_yg
销售毛利率=(64000-54000)/64000×100%=15.63% V+G.
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总资产净利率=30/[(100000+90000)/2]=0.03% i|?EgGFG
流动比率=60000/20000=3 HC_+7 O3A
(3) v0+mh]
a.应建议做如下审计调整分录: =4+Wx8ZeW
借:应收票据 6 000 000 5 Sm9m*/
贷:短期借款 5 820 000 plcz m 2
财务费用 180 000 [CTE"@A
b.应建议做如下审计调整分录: Cak`}J 2
借:预计负债 3 000 000 DyhW_PH2J
贷:营业外支出 500 000 }#]2u|G
其他应付款 2 500 000 E}LYO: