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)。 [3sxzU!t~
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: dQ`ZrWd_U
(Expressed in RMB thousands) gdFoTcHgO|
FINANCLAL STATEMENTS ITEMS #s
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20×8 s1 ^mk]
20×7
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(g2r\hI
Sales 8421-c6y>
64000 [piF MxZP
48000 mYOdBd
c$<O0dI
Cost of sales xc<eU`-'b
54000 5J\|gZQF
42000 !^bB/e
3/IWO4?_
Net profit ~eOj:H
30 eTRx 6Fri(
-20 Vt)\[Tl~
cU5"c)$'
mx(%tz^t
December 31, 20×8 ^r$iN %&~
December 31, 20×7 'Kzr-)JS
X)iWb(@k"7
Inventory pM'IQ3N
16000 V_A,d8=lt
12000 H^PqYLjN
KkL:p?@n
Current assets r~G]2
*3
60000 CNRU"I+jU
50000 [T[9*6
Kt
b~Pxgfu"
Total assets 'UvS3]bSYW
100000 JGO$4DK-1
90000 <X I35\^
$,QpSK`9i
Current liabilities jPYe_y
20000 e=n{f*KG`
18000 'f?&EsIV?
7=p-A_X
Total liabilities Y9@dZw%2
30000 {Sr=SE
25000 _[{:!?-?
C=dx4U~
,8xP8T~Kmv
During the audit, John has the following findings: q~Q)'*m
(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: DYT -#Ht
Dr. Cash in Bank RMB 5820000 ZP63Alt
Dr. Financial Expenses RMB 180000 Q+!0)pG5#
Cr. Notes Receivable RMB 6000000 _D2bGZN
(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: D _bkUR1
Dr. Non-operating Expenses RMB 3000000 Id.Z[owC`Y
Cr. Provisions RMB 3000000 C
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 lA.;ZD!
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: :Hf0Qx6
Dr. Provisions RMB 3000000 @( n^S?(
Cr. Cash in Bank RMB 2500000 Y0X"Zw
Cr. Non-operating Income RMB 500000 Bd[L6J)
Required: i#]aV]IT
(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. yA?ENAM
(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: L'\/)!cEd
(a)Inventory Turnover Rate in 20×8; "Ql}Y1
(b)Gross Profit Ratio in 20×8; =,AC%S_D~
(c)After Tax Return on Total Assets in 20×8; and }ED
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(d)Current Ratio as at December 31, 20×8 ?9(o*lp
(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. S}m$,<x
【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。 %7NsBR!y
以下是未经审计财务报表的部分信息: 5U)ab3:
(单位:千元) ,XeyE;||
项目 20×8 20×7 c>R`jb@$N
营业收入 64 000 48 000 4#@W;'
营业成本 54 000 42 000 62MRI
净利润 30 -20 &PRx,G5
OB I+<2`Oc
20×8年12月31日 20×7年12月31日 cZDxsd]
存货 16 000 12 000 l- 1]w$
y
流动资产 60 000 50 000 dq
YDz
总资产 100 000 90 000 Z@uTkqG)
流动负债 20 000 18 000 |%'6f}fnE
总负债 30 000 25 000 Q$
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在审计过程中,约翰发现以下事项: C@y}*XV[b
(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: N;Z`%&
借:银行存款5 820 000 FpdDIa
财务费用 180 000 2/v35| ?
贷:应收票据6 000 000 ggm2%|?X
(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: +9CEC1-l
借:营业外支出 3 000 000 Cdp]Nv6
贷:预计负债 3 000 000 :H!(?(Pie
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: VX^o"9Ntl
借:预计负债 3 000 000 $5TepH0D
贷:银行存款 2 500 000 AezvBY0'`z
营业外收入 500 000 o~v_PD[S
要求: *<*0".#
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 =zeFK_S!
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: }O,U2=Hw`]
(a)20×8年存货周转率 uFwU-LCe
(b)20×8年销售毛利率 :vc[/<
(c)20×8年总资产净利率 [ME}Cv`?<E
(d)20×8年12月31日的流动比率 V&Xi> X8
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) On{~St'V
【答案】 )p$\gwr=2
(1)应选择营业收入作为计算重要性水平的基础。 ;YK!EMM4!h
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 \4h>2y
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ds*m6#1b
销售毛利率=(64000-54000)/64000×100%=15.63% {8^Gs^c
c
总资产净利率=30/[(100000+90000)/2]=0.03% cS<TmS!
流动比率=60000/20000=3 UGhW0X3k
(3) 'oz hz2s
a.应建议做如下审计调整分录: LXHwX*`Y
借:应收票据 6 000 000 )!'n&UxPo$
贷:短期借款 5 820 000 `%-4>jI9-
财务费用 180 000 5cD
XWF
b.应建议做如下审计调整分录: Vh"MKJ'R^
借:预计负债 3 000 000 |h5kg<Zgo
贷:营业外支出 500 000 rkxW UDl
其他应付款 2 500 000 Wgxn`6