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)。 291|KG
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: rB?cm]G
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(Expressed in RMB thousands) 6x{IY
FINANCLAL STATEMENTS ITEMS l!` 0I] }
20×8 @&B!P3{f
20×7 9?c ^~77
r2'rfpQ
Sales wO%:WL$5
64000 ]w_)Spo.
48000 O3:
dOL/C
<]
^D({`
Cost of sales !l^AKn|
54000 <J`xCm K
42000 e_-/p`9
mK4|=Q
Net profit jy2nn:1#^
30 VAt9JE;#
-20 `0D1Nh"%k
/vMyf),2
J,Ap9HJt
December 31, 20×8 W2N 7
December 31, 20×7 Uroj%xN
%MNV 5UA[w
Inventory =fo/+m5
16000 elgQcJ99
12000 H-w|JH>g
Y
sV
Current assets xrnH=>.;m
60000 N2
e<Y_T
50000 %/zZ~WIf
I!D*( >
Total assets BB$>h-M/%#
100000 E
ET 2|*}
90000 mO.U)tL[
![^h<Om
Current liabilities qTF>!o#\:
20000 UV.9KcN.
18000 UUqj?'Nv
jF9CTL<
Total liabilities aM!#
30000 I_7EfAqg(
25000 nUHVPuQ/'T
GR
`ncI$z
z?[DW*
During the audit, John has the following findings: U$uO%:4%
(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: @x
+#ZD(
Dr. Cash in Bank RMB 5820000 >~~\==".
Dr. Financial Expenses RMB 180000 F-0PmO~3+W
Cr. Notes Receivable RMB 6000000 |0p'p$%
(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: ?UDO%`X
Dr. Non-operating Expenses RMB 3000000 DU8LU*q'
Cr. Provisions RMB 3000000 V"iLeC
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 q(^J7M)
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: f@L{*Upj+
Dr. Provisions RMB 3000000 7+4"+CA
Cr. Cash in Bank RMB 2500000 BxYA[#fd}
Cr. Non-operating Income RMB 500000 ZQA
C
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Required: ]i2\2MTW8
(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. H%aLkV!J
(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: ,$$$_+m\
(a)Inventory Turnover Rate in 20×8; U:hC!t:
(b)Gross Profit Ratio in 20×8; _Qc\v0%
(c)After Tax Return on Total Assets in 20×8; and y/eX(l<{
(d)Current Ratio as at December 31, 20×8 .
*xq =
(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. x`i`]6q
【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。 XtdLKYET
以下是未经审计财务报表的部分信息: >nEnX
(单位:千元) caD;V(
项目 20×8 20×7 r0
C6Ww7u
营业收入 64 000 48 000 f om"8iL1
营业成本 54 000 42 000
RQNi&zX/
净利润 30 -20 5N<v'6&=
olh3 R.M<
20×8年12月31日 20×7年12月31日 |/s2AzDD
存货 16 000 12 000 ZY$@_D OB}
流动资产 60 000 50 000 $VIq)s2az|
总资产 100 000 90 000 #!# X3j
流动负债 20 000 18 000 @$K q<P
总负债 30 000 25 000 dvF48,kr
在审计过程中,约翰发现以下事项: @rE)xco
(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: :=v{inN
借:银行存款5 820 000 wJ*-K-
财务费用 180 000 1[9j`~[([
贷:应收票据6 000 000 #2ASzCe
(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: PGl-2Cr
借:营业外支出 3 000 000 N2s%p6RMPD
贷:预计负债 3 000 000 K/m)f
#
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: pu*u[n
借:预计负债 3 000 000 kA=~
8N
贷:银行存款 2 500 000 v};qMceJ
营业外收入 500 000 [=3tAPpzK
要求:
D#}Yx]Q1
(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。 /C2f;h(1
(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: )'`AX\
(a)20×8年存货周转率 4 xzJql
(b)20×8年销售毛利率 jZ,[{Z(N
(c)20×8年总资产净利率 8Flf,"a
(d)20×8年12月31日的流动比率 i
9k]Q(o
(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) :";D.{||
【答案】 .ASwX
(1)应选择营业收入作为计算重要性水平的基础。 i/~QJ1C
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 HKN"$(Q
e`M]ZGrr
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 C_ZD<UPA\
销售毛利率=(64000-54000)/64000×100%=15.63% m{dyVE
总资产净利率=30/[(100000+90000)/2]=0.03% *oX]=u&
流动比率=60000/20000=3 `R52{B#&/
(3) %7d
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.
a.应建议做如下审计调整分录: 1$D`Z/N"A
借:应收票据 6 000 000 C;:L~)C@t
贷:短期借款 5 820 000 ,xD*^>!
财务费用 180 000 zQ %z"tQ
b.应建议做如下审计调整分录: |QNLO#$ -
借:预计负债 3 000 000 ;Pqyu
?
贷:营业外支出 500 000 jl-Aos"/
其他应付款 2 500 000 L[Yp\[#-q