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)。 o68i0aFW
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: a6DR' BC
(Expressed in RMB thousands) Z8xB
a0
FINANCLAL STATEMENTS ITEMS 1r$-U h
20×8 G)}[!'<rR
20×7 Ri" hU/H{
vFR*3$R
Sales
,/b!Xm:
64000 fy"}#
2
48000 -9= DDoO
9_:"`)]3B
Cost of sales -]zb3P
54000 .UL2(0
42000 ? F
#&F
= N*Jis
Net profit 4mo/MK&M:
30 eP>_CrJb
-20 Vl5>o$G|<.
;NRh0)%|o
; o_0~l=-/
December 31, 20×8 BK%B[f*[OA
December 31, 20×7 (=7"zECq#
k"i3$^v8
Inventory [%dsq`b#
16000 ^)>( <6
12000 @y;VV*
NLL"~
Current assets e3;D1@
60000 C'$}{%Cc@$
50000 VmPh''Z%-
`Fr ,,Q81\
Total assets 4joE"H6
100000 lF}@@e)N
90000 nahq O|~
OU,FU@6,7w
Current liabilities ftPps-
20000 f't.?M
18000 Ex
p?x
gE\ ^ vaB
Total liabilities ,R`CAf%*
30000 t(*n[7e
25000 N
{
oVz],
)9yQ
C
@r*GGI!
During the audit, John has the following findings: T/P\j0hR
(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: R'c dEoy
Dr. Cash in Bank RMB 5820000 $oQOOa@;i)
Dr. Financial Expenses RMB 180000 3O$l;|SX
Cr. Notes Receivable RMB 6000000 ?Xypn#OPt
(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: YTefEG]|q
Dr. Non-operating Expenses RMB 3000000 /C!~v!;e
Cr. Provisions RMB 3000000 BNdq=|,+"
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 |cY HH$
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: Opu*i
Dr. Provisions RMB 3000000 7w)8s
Cr. Cash in Bank RMB 2500000 Ly2,*\7
Cr. Non-operating Income RMB 500000 9/0H,qZc
Required: /r~2KZE
(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. %;QK5L
(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: VX.LL
5
(a)Inventory Turnover Rate in 20×8; GCN-T1HvA2
(b)Gross Profit Ratio in 20×8; fL2P6N@
(c)After Tax Return on Total Assets in 20×8; and s|<n7 =J
(d)Current Ratio as at December 31, 20×8 _9lMa7i
(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. g.9C>>tj
【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。 ek]JzD~w$
以下是未经审计财务报表的部分信息: /(s |'"6
(单位:千元) PM84Z@Y
项目 20×8 20×7 PxrT@.T$
营业收入 64 000 48 000 @QmN= X5
营业成本 54 000 42 000 0<`qz |_h
净利润 30 -20 }XBF#BN
L%v@|COQ3
20×8年12月31日 20×7年12月31日 o4FHR+u<M
存货 16 000 12 000 @3c'4O
流动资产 60 000 50 000 k(H]ILL
总资产 100 000 90 000 ]"V_`i7Z
流动负债 20 000 18 000 b_ZvI\H
总负债 30 000 25 000 (
9%?ik
在审计过程中,约翰发现以下事项: g]&fyB#
(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: Lf%3-P
借:银行存款5 820 000 zS;ruK%
2
财务费用 180 000 Fc`IRPW<
贷:应收票据6 000 000 p4z4[=-:
(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: _@B?
借:营业外支出 3 000 000 NHyUHFY
贷:预计负债 3 000 000 Gn
9oInY1
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: Iz+%wAZ|B6
借:预计负债 3 000 000 QY)p![6Fj
贷:银行存款 2 500 000 i.6 b%
营业外收入 500 000 ASy?^Jrs5
要求: apm%\dN
(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。 Jt]RU+TB
(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: xbCR4upS
(a)20×8年存货周转率 e:
Sd#H!
(b)20×8年销售毛利率 OlyW/hd
(c)20×8年总资产净利率 p}pRf@(`\
(d)20×8年12月31日的流动比率 <MG&3L.[
(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) QTa\&v[f
【答案】 Y }VJ4!%U
(1)应选择营业收入作为计算重要性水平的基础。 n! 5(Z5=
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 f{VV U/$
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 vcQl0+&
销售毛利率=(64000-54000)/64000×100%=15.63% )=GPhC/sw
总资产净利率=30/[(100000+90000)/2]=0.03% Y(6evo&IR
流动比率=60000/20000=3 Zm
*d)</>
(3) feyc
a.应建议做如下审计调整分录: 5?H8?~&dz
借:应收票据 6 000 000 Y({
R\W|
贷:短期借款 5 820 000 %N&.B
财务费用 180 000 0^>,
b.应建议做如下审计调整分录: -51LF=(!L
借:预计负债 3 000 000 B\R X
贷:营业外支出 500 000
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其他应付款 2 500 000 ^*f D