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)。 >;c);|'}q
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: =+j3E<w
(Expressed in RMB thousands) Hm'"I!jyO
FINANCLAL STATEMENTS ITEMS (=7"zECq#
20×8 o(jLirnk
20×7 9Tt%~m
^
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Sales xE?KJ
64000 $Xlr@)%
48000 2'S&%UyP
{ac$4#Bp[B
Cost of sales P5_Ajb(@'
54000 v~L\[&|_
42000 +M
I{B="7.
>tcEx(
Net profit zT,@PIC(
30 ;(`bP
-20 LsERcjwwK
p)/e;q^
G:$kGzhJ
December 31, 20×8 `X@\Zv=}
December 31, 20×7 jerU[3
X13+n2^8]
Inventory X#$ oV#
16000 IVSC7SBiT
12000 [6mK<A,/
wCLniCt
Current assets K.}jOm
60000 x7zc3%T's
50000 :V+rC]0
wz:e\ !
Total assets Bzwll
100000 %MHL@
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90000 q%;cu1^"M
'69)m~B0a
Current liabilities X^eyrqv
20000 UDi(7c0.
18000 :
Z<\R0
/r~2KZE
Total liabilities %;QK5L
30000 VX.LL
5
25000 GCN-T1HvA2
)?[7}(4jI
JE9v+a{7
During the audit, John has the following findings: ^aAs=KditO
(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: fKY-@B[|
Dr. Cash in Bank RMB 5820000 WMtFXkf6"
Dr. Financial Expenses RMB 180000 !I
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Cr. Notes Receivable RMB 6000000 U!|)M
(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: uZn_*_J!
Dr. Non-operating Expenses RMB 3000000 ;F@Sz/
Cr. Provisions RMB 3000000 A2ye
^<-C.
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }XBF#BN
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: [IOI&`?D
Dr. Provisions RMB 3000000 |=IJ^y(x|
Cr. Cash in Bank RMB 2500000 F!#)l*OX;
Cr. Non-operating Income RMB 500000 k(H]ILL
Required: QHO n?e
(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. +&G(AW
(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; g]&fyB#
(b)Gross Profit Ratio in 20×8; @~hy'6/
(c)After Tax Return on Total Assets in 20×8; and O.Pp*sQ^
(d)Current Ratio as at December 31, 20×8 RM_%u=jC
(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. >WLX5i&
【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。 %W D^0U|
以下是未经审计财务报表的部分信息: y60aJ)rAX
(单位:千元) J8Wits]A]$
项目 20×8 20×7 QO;Dyef7b
营业收入 64 000 48 000 3#,6(k4>
营业成本 54 000 42 000 s&nat4{B
净利润 30 -20 tdRvg7v,N%
F*U(Wl=
20×8年12月31日 20×7年12月31日 x@43ZH_
存货 16 000 12 000
s*gqKQ;
流动资产 60 000 50 000 ir
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总资产 100 000 90 000 0a
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流动负债 20 000 18 000 -hnNaA
总负债 30 000 25 000 ldTXW(^j
在审计过程中,约翰发现以下事项: Rf4K Rhi
(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: +&u/R')?6r
借:银行存款5 820 000 6inAnC@I
财务费用 180 000 VCc=dME
贷:应收票据6 000 000 u=nd7:bv
(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: E}9wzPs
借:营业外支出 3 000 000 CJN~p]\
贷:预计负债 3 000 000 *bp09XG
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: ++b[>};
借:预计负债 3 000 000 9cB+x`+Lu
贷:银行存款 2 500 000 Mu/(Xp6 2
营业外收入 500 000 ,TWlg
要求: &mtt,]6C_
(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。 $#f_p-N
(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: h'em?fN(
(a)20×8年存货周转率 +:^l|6%}
(b)20×8年销售毛利率 |1CX?8)b=
(c)20×8年总资产净利率 9+9g (6
(d)20×8年12月31日的流动比率 $`Gl
XiV
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) jA9uB.I,"b
【答案】 O'98OH+u
(1)应选择营业收入作为计算重要性水平的基础。 F&!vtlV)
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 +r"}@8/\1
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 (]c
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销售毛利率=(64000-54000)/64000×100%=15.63% Z#@
总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 3 orZBT
(3) qZF&^pCF}
a.应建议做如下审计调整分录: _Vp"G)1Y
借:应收票据 6 000 000 0^S$_L
贷:短期借款 5 820 000 `,SL\\%u
财务费用 180 000 T5T%[Gv
b.应建议做如下审计调整分录: `>UUdv{C
借:预计负债 3 000 000 v@ QnS
贷:营业外支出 500 000 U)f('zD
其他应付款 2 500 000 C[%Qg=<