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)。 [zhcb+^5l
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: :snn-e0l
(Expressed in RMB thousands) UpqDGd7M
FINANCLAL STATEMENTS ITEMS &$. x1$%
20×8 Ffr6P
}I
20×7 Cz#3W8jV
etL)T":XV
Sales 0u8(*?
64000 nXxSv~r
48000 J.pe&1
@-BgPDi.Z
Cost of sales `*Jw[Bnh8
54000 ybVdWOqv
42000 u^uo=/
0= -D
Net profit Lz;E/a}s
30 Gq^#.o]
-20 *,p16"Q;
;@I}eZ,f$
p>
4bj>Ql
December 31, 20×8 C6wlRvWn
December 31, 20×7 -cnlj
OvW/{
Inventory b}jLI_R{
16000 t+BLO<
12000
91bJ7%
# fl%~Y
Current assets T#w *5Qf
60000 m#(ve1E
50000 7`6JK
U-3uT&m*9.
Total assets M)!:o/!c S
100000 /yj-^u\R
90000 &-6D'@
Ss{
Current liabilities z/t:g
c.
20000 T+|V;nP.
18000 n)rF!a
5s2334G
Total liabilities cP MUu9du
30000 B^G{k3]t
25000 hDs.4MZC`
me`(J y<
)SYZ*=ezl.
During the audit, John has the following findings: wuTCdBu6hU
(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: iXDQ2&gE*
Dr. Cash in Bank RMB 5820000 P
=9Zm
Dr. Financial Expenses RMB 180000 R0*+GIRA(
Cr. Notes Receivable RMB 6000000 Ctxx.MM
(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: $MG. I[h
Dr. Non-operating Expenses RMB 3000000 $W;IW$
Cr. Provisions RMB 3000000 .o5r;KD
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Epm=&6zf
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: Zm@
O[:~
Dr. Provisions RMB 3000000 c/57_fOK
Cr. Cash in Bank RMB 2500000 =7`0hS<@F
Cr. Non-operating Income RMB 500000 Cz_chK4
Required: xbA% '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. d/ OIc){tD
(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: GX
lFS#`
(a)Inventory Turnover Rate in 20×8; S
Yvifgp
(b)Gross Profit Ratio in 20×8; kM?p >V6
(c)After Tax Return on Total Assets in 20×8; and \$h LhYz-
(d)Current Ratio as at December 31, 20×8 #YSUPO%F
(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. %.R_[.W
【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。 YA>du=6y\
以下是未经审计财务报表的部分信息: 0|:Ic,
(单位:千元) 9{bzxM
项目 20×8 20×7 :/IcFU~)M
营业收入 64 000 48 000 Q( KLx )
营业成本 54 000 42 000 N+PW,a
净利润 30 -20 1W5\
pTK|u!fs
20×8年12月31日 20×7年12月31日 -
$4%@Z
存货 16 000 12 000 f. =4p^
流动资产 60 000 50 000 'gojP
总资产 100 000 90 000 r\"O8\
流动负债 20 000 18 000 EhybaRy;C
总负债 30 000 25 000 v=|BqG`
在审计过程中,约翰发现以下事项: TUEEwDK-
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: <8At= U
借:银行存款5 820 000 sHrpBm&O4
财务费用 180 000 bkl'0
p
贷:应收票据6 000 000 L&'0d$Tg8
(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: 0n,5"B
借:营业外支出 3 000 000 ^[CD- #
贷:预计负债 3 000 000 @"HR"@pX
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: bhSpSul
借:预计负债 3 000 000 `R^g[0 w'
贷:银行存款 2 500 000 S~F:%@,*
营业外收入 500 000 zu
x+ooU
要求: LZG^\c$
(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。 38Z"9
(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: /)de`k"
(a)20×8年存货周转率 C<fNIc~.
(b)20×8年销售毛利率 B<[;rk
(c)20×8年总资产净利率 bYdC.AE
(d)20×8年12月31日的流动比率 4T9hT~cT7
(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) ('uYA&9
【答案】 @6$r|:]G-
(1)应选择营业收入作为计算重要性水平的基础。 tTyu,%/m
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =tH+e7it
A0rdQmrOL
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 p^YE"2 -
销售毛利率=(64000-54000)/64000×100%=15.63% GGF;T&DWad
总资产净利率=30/[(100000+90000)/2]=0.03% S53%*7K.
流动比率=60000/20000=3 ja7Zv[
(3) #fGb M!3p
a.应建议做如下审计调整分录: X{#@ :z$
借:应收票据 6 000 000 _T5~B"*
贷:短期借款 5 820 000 i?AZ|Ha[
财务费用 180 000 pLzsL>6h
b.应建议做如下审计调整分录: !Y]}&pUP
借:预计负债 3 000 000 jD^L <
贷:营业外支出 500 000 d=qpT
b;(
其他应付款 2 500 000 e^Xij Id.