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)。 6Bo~7gnc
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: _C)u#]t
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS ,D
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20×8 4&R\6!*s
20×7 0v,DQJ?w8
B@63=a*kG
Sales nv2Y6e}dG
64000 _r+9S.z
48000 o%+KS5v!
? Ls]k
Cost of sales Km'd=B>Jy
54000 +7|Oy3
s
42000 bXQ(6P
4O[5,
Net profit Ad+-/hxc
30 v7\~OOoH]
-20 'B
8fc-n
'i%Azzv
i6h:%n]Io
December 31, 20×8 'lHtz~[
December 31, 20×7 S2*-Ulu
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Inventory 49
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16000 <T+Pw7X
12000 E"x 2 jP
7: J6 F
Current assets 3S_KycE{
60000 ^r(2
r
50000 H)
m!)=\'
0;!aO.l]K
Total assets MztT/31S
100000 hh |'Uq3
90000 b!PN6<SI
V<\:iNXX{
Current liabilities '355Pce/
20000 BaR9X ?~O$
18000 $*G]6s
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Total liabilities V.1sb
pI
30000 [j1SX-NX
25000 :kOLiko!4>
S;Lqx5Cd
*NFy%ktu
During the audit, John has the following findings: {1#5\t>9yD
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: GNZQj8
Dr. Cash in Bank RMB 5820000 nm*1JA.:
Dr. Financial Expenses RMB 180000 G"O%u|7
Cr. Notes Receivable RMB 6000000 RVXRF_I
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 6!+xf
Dr. Non-operating Expenses RMB 3000000 ZZ] /9oiF%
Cr. Provisions RMB 3000000 XFG]%y=/6
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 b3#c0GL
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 2^[fUzL?
Dr. Provisions RMB 3000000
29,`2fFr
Cr. Cash in Bank RMB 2500000 f2uog$Hk
Cr. Non-operating Income RMB 500000 yJ/m21f
Required: h:a5FK@
(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. +M-' K19
(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; VBIPB
(b)Gross Profit Ratio in 20×8; OAOG&6xu8
(c)After Tax Return on Total Assets in 20×8; and `w[0q?}"`
(d)Current Ratio as at December 31, 20×8 9P{5bG0o8
(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. H1s{JJAM>i
【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。 `axNeqM
以下是未经审计财务报表的部分信息: 6Ck?O
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(单位:千元) T~ /Bf
项目 20×8 20×7
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营业收入 64 000 48 000 #U"\v7C{n
营业成本 54 000 42 000 W=GNo9:
净利润 30 -20 : b $
M
X'7 T" 5!
20×8年12月31日 20×7年12月31日 !yojZG MB
存货 16 000 12 000 unSF;S<
流动资产 60 000 50 000 TcauCL
总资产 100 000 90 000 I"Ju3o?u
流动负债 20 000 18 000 yc_(L-'n
总负债 30 000 25 000 Y
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在审计过程中,约翰发现以下事项: ZH0 ~:
(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: A>R ^iu
借:银行存款5 820 000 u'yePJTE
财务费用 180 000 Pkc4=i,`A
贷:应收票据6 000 000 _^#PV}
(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: M}(4>W
借:营业外支出 3 000 000 Wj8\~B=('
贷:预计负债 3 000 000 B?#@<2*=L
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: S4~^HvMG[Y
借:预计负债 3 000 000 4)/tCv
贷:银行存款 2 500 000 '9$xOrv
营业外收入 500 000 0EPF;
Xx
要求: _L%/NXu,
(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。 d
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(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: ?uk|x!Ko]
(a)20×8年存货周转率
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(b)20×8年销售毛利率 w?oIKj
(c)20×8年总资产净利率 #uu wzE*M_
(d)20×8年12月31日的流动比率 k(u W( 6
(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)@|SR1
【答案】 + #S]uC
(1)应选择营业收入作为计算重要性水平的基础。 sBwkHsDD
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ZSKk*<=
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 9#O"^.Z !
销售毛利率=(64000-54000)/64000×100%=15.63%
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总资产净利率=30/[(100000+90000)/2]=0.03% zT!JHG
流动比率=60000/20000=3 J@!Sf7k42
(3) s8.oS);`
a.应建议做如下审计调整分录: FZjtQ{M
借:应收票据 6 000 000 G]QD6b9~
贷:短期借款 5 820 000 "W\
#d
财务费用 180 000 {BJ[h
b.应建议做如下审计调整分录: mfeyR
借:预计负债 3 000 000 lq.AQ
贷:营业外支出 500 000 90K&s#+13
其他应付款 2 500 000 +qzs
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