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)。 I"9S
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?G] fz
(Expressed in RMB thousands) z&d&Ky
FINANCLAL STATEMENTS ITEMS 0*8[m+j1
20×8 mg*[,_3q33
20×7 (
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Sales }dE0WJcO
64000 `hL16S
48000 B}YB%P_CWs
BxO8oKe
Cost of sales hHdH#-O:4"
54000 !B(6
42000 4RNB\D
pNI=HHx
Net profit sL
XQ)Ce
30 hn-9l1~!h
-20 2bfKD'!aH
Fmk,
"qs
=g$%.
December 31, 20×8 Yyb
y 1
December 31, 20×7 L*1C2EL/q
~(%nnG6x
Inventory >ZuWsA0q
16000 <`b)56v:+
12000 4
r5?C;g
M"#xjP.
Current assets S=ebht=
60000 a}+|2k_
50000 sC48o'8(
*)ZDN~z7o
Total assets `TOm.YZG
100000 tD.md_E
90000 jX!,xS%(
$+)SW{7
Current liabilities \;}F6g
20000 KE`}P<K&
18000 cWP34;NNM
-S
OP8G
Total liabilities 6+e@)[l.zc
30000 `[w:l[i
25000 )}1J.>5
J"L+`i
_K3?0<=4
During the audit, John has the following findings: ogH{
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: AF>J8 V
Dr. Cash in Bank RMB 5820000 tpO%)*
Dr. Financial Expenses RMB 180000 \IbGNV`q
Cr. Notes Receivable RMB 6000000 L\X
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(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: pM=@
Dr. Non-operating Expenses RMB 3000000 f+j\,LJ
Cr. Provisions RMB 3000000 R~iJ5@[
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 PW x9CT
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: htj:Z:C`
Dr. Provisions RMB 3000000 r'#5ncB
Cr. Cash in Bank RMB 2500000 kqYWa`eE
Cr. Non-operating Income RMB 500000 %Iw6oG
Required: _$ ]3&P
(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. #HpF\{{v
(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: 8hZ+[E}
(a)Inventory Turnover Rate in 20×8; $a>,sL&;
(b)Gross Profit Ratio in 20×8; x}$SB%9/
(c)After Tax Return on Total Assets in 20×8; and W~z
2Q
so
(d)Current Ratio as at December 31, 20×8 qI"Xh"
c?
(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. <spV Up
【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。 /qa{*"2Qo
以下是未经审计财务报表的部分信息: 3,=97Si=
(单位:千元) -/Pg[Lx7Pb
项目 20×8 20×7 _SC{nZ[
营业收入 64 000 48 000 :a
@_GIC
营业成本 54 000 42 000 z'Atw"kA
净利润 30 -20 U
,Ya^2h%
U1}-]^\
20×8年12月31日 20×7年12月31日 DJvmwFx
存货 16 000 12 000 VPoA,;Y"-
流动资产 60 000 50 000 jT>G8}h
总资产 100 000 90 000 d(9ZopJrQ
流动负债 20 000 18 000 ,$s
NfW
总负债 30 000 25 000 ZxLd h8v.
在审计过程中,约翰发现以下事项: ce@1#}*
(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: ~(OG3`W!
借:银行存款5 820 000 \H^DiF%f9
财务费用 180 000 u0 myB/`
贷:应收票据6 000 000 q#B=PZ'NA
(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: f]%:.N~1w
借:营业外支出 3 000 000 ]r|sU.Vl
贷:预计负债 3 000 000 Z0HfrK#oU
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:
f?vbIc`
借:预计负债 3 000 000 "159Q
贷:银行存款 2 500 000
|Hx#Uk#
营业外收入 500 000
B;x5os
要求: (iQ<
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(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。 .8Eh[yiln
(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: ~(i#A>
(a)20×8年存货周转率 }z%fQbw
(b)20×8年销售毛利率 N~H!6N W
(c)20×8年总资产净利率 +~xY}
(d)20×8年12月31日的流动比率 $eHYy,,
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) :%G_<VAo!
【答案】 6S K;1Bp-{
(1)应选择营业收入作为计算重要性水平的基础。 Qw>~]d,Z
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 _y:-_q
o%3i(H
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 @^P<(%p
销售毛利率=(64000-54000)/64000×100%=15.63% HiAj3
总资产净利率=30/[(100000+90000)/2]=0.03% FZL"[3
流动比率=60000/20000=3 Wh).%K(t
(3) %Q,6 sH#
a.应建议做如下审计调整分录: ` /
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借:应收票据 6 000 000 atr0hmQ
贷:短期借款 5 820 000 de7
\~$
财务费用 180 000 <pA%|]
b.应建议做如下审计调整分录: 0'wchy>
借:预计负债 3 000 000 mIW8K
):
贷:营业外支出 500 000 r2ZSkP.
其他应付款 2 500 000 X LHi