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)。 !ra,HkU'
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: tXCgRU
(Expressed in RMB thousands) \ nUJ)w
FINANCLAL STATEMENTS ITEMS M?00n< vM
20×8
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20×7 wii.0~p
hRQw]
Sales !lL~#l:F
64000 gXj3=N(l
48000 yRivf.wH
V
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Cost of sales Sa-" G`
54000 Ub{7 Xk
n
42000 c;,-I
^v&"{2
Net profit q:1n=iEi
30 RGLJaEl !
-20 '=+gweM
D/ tCB-+
9T\\hM)k
December 31, 20×8 t=\
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December 31, 20×7 'Yaq; mDY
YIs_.CTi
Inventory GMY[Gd
16000 t~|`RMn"
12000 !ir%Pz^)
Byh!Snoe
Current assets w!b;.l
60000 RNopx3
50000 !y862oKD
q26qY5D
Total assets p@?ud%
100000 Z kBWVZb
90000 3fUiYI|&7
GF36G?iEi
Current liabilities t:P]G>)x|
20000 ( m7qc
18000 O<J<)_W)
fRwr}n'
Total liabilities U1D;O}z~
30000 wn.UjxX.
25000 !ZM*)6^
yuhY )T
_U
o3_us
During the audit, John has the following findings: ltv~Kh
(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: n0)y|B#
Dr. Cash in Bank RMB 5820000 im9Pj b%
Dr. Financial Expenses RMB 180000 It]GlxMX
Cr. Notes Receivable RMB 6000000 %NcBq3
(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: N+vsQ!Qz
Dr. Non-operating Expenses RMB 3000000 jw)c|%r>
Cr. Provisions RMB 3000000 SB:z[kfz|
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 [sK'jQo-[1
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: )Wk&c8|y
Dr. Provisions RMB 3000000 4j(*%da
Cr. Cash in Bank RMB 2500000 {]iM5?
Cr. Non-operating Income RMB 500000 @W=
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Required: S3Fj /2Q8
(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. Lie= DD
(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: sRQ4pnnrn
(a)Inventory Turnover Rate in 20×8; BnG{)\s
(b)Gross Profit Ratio in 20×8; \1eWI
(c)After Tax Return on Total Assets in 20×8; and w6ck wn,
(d)Current Ratio as at December 31, 20×8 55Xfu/hQ
(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. 8mC$p6Okd
【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。 H|3CZ=U?
以下是未经审计财务报表的部分信息: `69xR[f
(单位:千元) {>3w"(f7o
项目 20×8 20×7 6ZQ$5PY
营业收入 64 000 48 000 ;,Os3
营业成本 54 000 42 000 O`_]n
净利润 30 -20 u}7r\MnwK,
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r;
20×8年12月31日 20×7年12月31日 } :T}N]
存货 16 000 12 000 A{wk$`vH
流动资产 60 000 50 000 Yez
总资产 100 000 90 000 6?-,@e
流动负债 20 000 18 000 ~7H?tp.Dw
总负债 30 000 25 000 [9Hrpo]tU:
在审计过程中,约翰发现以下事项: G{.A5{
(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: "uBr]N:
借:银行存款5 820 000 _@Y17L.
财务费用 180 000 -AXMT3p=1
贷:应收票据6 000 000 }<q
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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: JY9hD;`6y
借:营业外支出 3 000 000 ,U fB{BW
贷:预计负债 3 000 000 {sUc2vR
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: 5 HN
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借:预计负债 3 000 000 YVO~
0bX:
贷:银行存款 2 500 000 N8Un42
营业外收入 500 000 S/6I9zOP
要求: bQwiJ`B&
(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。 nz`"f,
(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: 7mYBxE/
(a)20×8年存货周转率 zU#
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(b)20×8年销售毛利率 Ws[d. El
(c)20×8年总资产净利率 )J&!>GP
(d)20×8年12月31日的流动比率 h}%yG{'/M=
(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) '~7 6Y9mv
【答案】 TZ:dY x
(1)应选择营业收入作为计算重要性水平的基础。
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 4OdK@+-8U
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 :LB< z#M
销售毛利率=(64000-54000)/64000×100%=15.63% BBsZPJ5
总资产净利率=30/[(100000+90000)/2]=0.03% leEzfbb{'.
流动比率=60000/20000=3 cx4'rK.
(3) eS"sd^;R
a.应建议做如下审计调整分录: s`,. &
借:应收票据 6 000 000 g%d&>y?1r
贷:短期借款 5 820 000 r<.*:]L
财务费用 180 000 Xqas[:)7+
b.应建议做如下审计调整分录: 7@i2Mz/eV
借:预计负债 3 000 000 hN_,Vy
f
贷:营业外支出 500 000 yGPi9j{QXq
其他应付款 2 500 000 Jm}zit:o