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)。 uW%7X2K
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: XSt5s06TM
(Expressed in RMB thousands) ~J?O ~p`&
FINANCLAL STATEMENTS ITEMS LinARMPv
20×8 FQNhn+A
20×7 W=M&U
t+}@J}b
Sales ^y'xcq
64000 !+& NG&1
48000 S`2M QL
ka{9{/dz3
Cost of sales G&:[G>iSm^
54000 VOwt2&mZ
42000 hR
b
k-b
*E:w377<}
Net profit Tj*o [2mD
30 ,'5P[-
-20 _/ j44q
RK(uC-l
S#0y\
December 31, 20×8 toPA@V
December 31, 20×7 XOa<R
?I}jsm1)
Inventory u~<>jAy
16000 J9ovy>G
12000 U@yrqT@;AU
|[D~7|?
Current assets ar+mj=m
60000 ^T'+dGU`
50000 hDmtBdE
~cSC-|$^&
Total assets COv#dOw
100000 N;A1e@bP
90000 9Q=g]int u
<9-tA\`8N
Current liabilities NF0IF#;a
20000 o]n5pZ\\W<
18000 SynxMUlA
Bx
E1Ky8@A
Total liabilities %xxe U
30000 l*_b)&CH
25000 ^]'p927
!f)'+_d
}n=Tw92g
During the audit, John has the following findings: )U<4ul
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: kSU*d
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Dr. Cash in Bank RMB 5820000 y>2v 9;Qp
Dr. Financial Expenses RMB 180000 [lS'GszA
Cr. Notes Receivable RMB 6000000 <WaiJy?
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: U,iTURd
Dr. Non-operating Expenses RMB 3000000 4}580mBc
Cr. Provisions RMB 3000000 wVE"nN#
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 -2> L*"^
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 9<7Q {
Dr. Provisions RMB 3000000 Z>QSZ48=
Cr. Cash in Bank RMB 2500000 6e |
Cr. Non-operating Income RMB 500000 G D[~4G
Required: t
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. z-7F,$
(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:
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(a)Inventory Turnover Rate in 20×8; q,u>`]}
(b)Gross Profit Ratio in 20×8; SKLQAE5
(c)After Tax Return on Total Assets in 20×8; and \_x)E]D
(d)Current Ratio as at December 31, 20×8 $
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(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. UeHS4cW
【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。 XF^c(*5
以下是未经审计财务报表的部分信息: H _3gVrP_
(单位:千元) 2#/ KS^
项目 20×8 20×7 pKEMp&geo
营业收入 64 000 48 000 <@*mFq0 ,
营业成本 54 000 42 000
C&e
净利润 30 -20 y
H+CyL\
aE,x>I 7 D
20×8年12月31日 20×7年12月31日 Om}&`AP};
存货 16 000 12 000 apY m,_
流动资产 60 000 50 000 W:rzfO.`Z
总资产 100 000 90 000 J\;~(:
~
流动负债 20 000 18 000 ! \awT
总负债 30 000 25 000 GrM~%ng
在审计过程中,约翰发现以下事项: Y%=A>~s*c:
(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: B]*&lRR
借:银行存款5 820 000 2"__jp:(
财务费用 180 000 [&{"1Z
贷:应收票据6 000 000 Fof_xv9
(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: w_U5w
借:营业外支出 3 000 000 Wc,8<Y'
贷:预计负债 3 000 000 cK-!Evv
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: }FM<uB
KW
借:预计负债 3 000 000 H?'VQ=j
贷:银行存款 2 500 000 +IS$Un
营业外收入 500 000 VwC,+B
要求: "9WP^[
(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。 x<ENN>mW1
(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: /itO xrA
(a)20×8年存货周转率 '
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(b)20×8年销售毛利率 DJn>. Gd
(c)20×8年总资产净利率 ![vc/wuf
(d)20×8年12月31日的流动比率 ~{5%~8h.0r
(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) yv'rJI~ Ps
【答案】 wfZ'T#1
(1)应选择营业收入作为计算重要性水平的基础。 zkd#vAY(A
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 b-O4IDIT
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 uq 6T|Zm
销售毛利率=(64000-54000)/64000×100%=15.63% e.HN%LrhS
总资产净利率=30/[(100000+90000)/2]=0.03% 9*2hBNp+
流动比率=60000/20000=3 vfy-;R(
(3) 6iC}%eU
a.应建议做如下审计调整分录:
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借:应收票据 6 000 000 a"&Z!A:Z=
贷:短期借款 5 820 000 C*gSx3OG
财务费用 180 000 L>L4%?
b.应建议做如下审计调整分录: -d[x09
借:预计负债 3 000 000 be764do
贷:营业外支出 500 000 Vy/g;ZPU1
其他应付款 2 500 000 /kJ*WA?J