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)。 b^Do[o}5
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: H8c -/
(Expressed in RMB thousands) V g7+G( ,
FINANCLAL STATEMENTS ITEMS S{cK~sZj
20×8 +SFo2Wdr43
20×7 2J(,Xf
3qfQlqJ&3
Sales <.|]%7
64000 K>+c2;t;
48000 N8wA">u
o`jV d,aj
Cost of sales O sIvW'$\
54000 btf]~YN
42000 LZPLz@=&]
}e1]Ib!
Net profit b<g9L4s
30 U,9=&"e b
-20 {Cw>T-`
XQ k,xQ
a
' <B0'
December 31, 20×8 !"^//2N+,
December 31, 20×7 j&?@:Zg v
%?`$#*f\%
Inventory M-f; ,>
16000 ~
Q;qRx
12000 k8sjW!2
4H%Ai(F}_
Current assets ^^*dHWHn<
60000 C'z}jM`g
50000 r/ LgmVRn
;x=0+0JD
Total assets "
IdN *K
100000 9<!Ie^o?
90000 P_c9v/
H|!|fo-Tx
Current liabilities DmpD`^?-L
20000 [)p>pA2GZj
18000 8z"*CJ@
#.W<[KZf
Total liabilities ~LN
{5zg
30000 %wux#"8
25000 bu r0?q
4}HY= 0Um
}W* q
During the audit, John has the following findings: +,ZQ(
ZW
(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: )1!*N)$
Dr. Cash in Bank RMB 5820000 r`CsR0[
Dr. Financial Expenses RMB 180000 $>PV6
Cr. Notes Receivable RMB 6000000 1A\N$9Dls
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: #ANbhHG
Dr. Non-operating Expenses RMB 3000000 |"EQyV
Cr. Provisions RMB 3000000 H(j983
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 V> @+&q
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ZC:7N{a
Dr. Provisions RMB 3000000 _0e;&2')
Cr. Cash in Bank RMB 2500000 8d"Ff
Cr. Non-operating Income RMB 500000 =ET |h}I
Required: s(Llz]E~ZX
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. },G5!3
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: iyf vcKO
(a)Inventory Turnover Rate in 20×8; <MBpV^Y}
(b)Gross Profit Ratio in 20×8; <%]i7&8|
(c)After Tax Return on Total Assets in 20×8; and qm=N@@R&
(d)Current Ratio as at December 31, 20×8 p!3!&
{
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. :HQQ8uQfb
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ;sn]Blpq
以下是未经审计财务报表的部分信息: u IGeSd5B
(单位:千元) a@V`EEZ
项目 20×8 20×7 -mK;f$X
营业收入 64 000 48 000 +>S\.h
s4
营业成本 54 000 42 000
-}9a%
净利润 30 -20 P+nd?:cz
uMe]].04
20×8年12月31日 20×7年12月31日 u'+;/8
存货 16 000 12 000 j LG
Q^v"
流动资产 60 000 50 000 hV]]%zwR+
总资产 100 000 90 000 1x~dsM;q
流动负债 20 000 18 000 _B5vh(.
总负债 30 000 25 000 0'0GAh2
在审计过程中,约翰发现以下事项: bs=x>F
(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: 8C>\!lW"
借:银行存款5 820 000 *Z,?VEO
财务费用 180 000 7[? {wbq
贷:应收票据6 000 000 E1-BB
(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: 0B?t:XU ,
借:营业外支出 3 000 000 i j+)U`
贷:预计负债 3 000 000 YZ0Jei8+-
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: of k@.TmO
借:预计负债 3 000 000 %^CoWbU
贷:银行存款 2 500 000 XIJW$CY
营业外收入 500 000 B78e*nNS#2
要求: B6#^a
(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。 Y(3X5v?[
(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: #.^A5`k
(a)20×8年存货周转率 ~dc~<hK
(b)20×8年销售毛利率 .>Fy ]Cqoh
(c)20×8年总资产净利率 ^>ICycJ
(d)20×8年12月31日的流动比率 (6#,
$Ze
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) K{WLo5HP
【答案】 :sL
?jGk\
(1)应选择营业收入作为计算重要性水平的基础。 78fFAN`
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 q71~Y:7f
2=/,9ka~
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ydm2'aV
销售毛利率=(64000-54000)/64000×100%=15.63% #%$U-ti
总资产净利率=30/[(100000+90000)/2]=0.03% waI:w,
流动比率=60000/20000=3 n3Q Rn^
(3) _^ny(zy(
a.应建议做如下审计调整分录: nWz7$O
借:应收票据 6 000 000 nkAS]sC
贷:短期借款 5 820 000 vlS+UFH0
财务费用 180 000 (AI
4a+
b.应建议做如下审计调整分录: A4>j4\A[M
借:预计负债 3 000 000 g#/"3P
2H
贷:营业外支出 500 000 p.|NZXk%%a
其他应付款 2 500 000 iVe"iH