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)。 <oeHZD_OR
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: m\VJ=
(Expressed in RMB thousands) -Rf|p(SJ,E
FINANCLAL STATEMENTS ITEMS ]]]7"a
20×8 ~\Ynih
20×7 crm
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Sales `t8e2?GH
64000 Pjx9@i
48000 4o|~KX8Qz
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Cost of sales 5}By2Tx
54000 e;gf??8}
42000 ZHB'^#b
3NJ-.c@(p
Net profit UM#]olh
30 D QZS%)
-20 !Q?4sAB
) ejvT-
jLEU V
December 31, 20×8 a'A0CQ
December 31, 20×7 R
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Inventory ,= PDL
16000 lF#Kg!-l
12000 6Qo6T][
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Current assets 85X^T]zo
60000
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50000 #VrT)po+
qVY\5`f@
Total assets q`{.2yV
100000 )XNcy"
90000 +6>Pp[%
o3`Z@-.G
Current liabilities k'\RS6M`L
20000 WAQv4&xGM
18000 ?W|POk}
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Total liabilities f8n'9HOw>
30000 O}%=c\Pb
25000 [F>zM
weDv[b5i
F )tNA?p)
During the audit, John has the following findings: Psv-y
(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: n|F`6.G
Dr. Cash in Bank RMB 5820000 G9gvOEI/
Dr. Financial Expenses RMB 180000 !cq4+0{O;&
Cr. Notes Receivable RMB 6000000 a@X'oV`(2b
(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: ,`wxXU7
Dr. Non-operating Expenses RMB 3000000 ]~oM'?&!
Cr. Provisions RMB 3000000 $M><K
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 *r_
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: %? g]{
Dr. Provisions RMB 3000000 K}zw%!ex
Cr. Cash in Bank RMB 2500000 iUO5hdOM
Cr. Non-operating Income RMB 500000 zZy>XHR
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Required: FX'W%_f,
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 4gZN~_AI<
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: _,'UP>Si
(a)Inventory Turnover Rate in 20×8; 81KtK[?b
(b)Gross Profit Ratio in 20×8; jVA xa|S
(c)After Tax Return on Total Assets in 20×8; and .!`j3W]
(d)Current Ratio as at December 31, 20×8 6$zUFIk
(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. d`xqs,0f
【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。 Z`f _e?
以下是未经审计财务报表的部分信息: Xu
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(单位:千元) 8=e\^Q+
项目 20×8 20×7 b!N
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营业收入 64 000 48 000 U_J|{*4S.!
营业成本 54 000 42 000 "3v%|
净利润 30 -20 v14[G@V~\
bv] ZUF0
20×8年12月31日 20×7年12月31日 cEN^H
存货 16 000 12 000 dzcPSbbpt
流动资产 60 000 50 000 ~!uK;hI
总资产 100 000 90 000 ffWvrY;j[
流动负债 20 000 18 000 &Y,Rm78
总负债 30 000 25 000 F8k1fmM]Y
在审计过程中,约翰发现以下事项: \gzNMI*
(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: ZE1#{u~[y
借:银行存款5 820 000 ru U|
财务费用 180 000 )PwDP
贷:应收票据6 000 000 1wq6E
(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: [m4<j
借:营业外支出 3 000 000 CR_A{(
贷:预计负债 3 000 000 c2y5[L7?
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: l>:?U
借:预计负债 3 000 000 r"4:aKF>
贷:银行存款 2 500 000 y
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营业外收入 500 000 N@) D,~
要求: 5-sxTp
(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。 7+z%O3k'I
(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: p'R}z|d)
(a)20×8年存货周转率 ?iq:Gf
(b)20×8年销售毛利率 KUp
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(c)20×8年总资产净利率 'tdjPdw
(d)20×8年12月31日的流动比率 l^S
Kd
(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) E0*81PS
【答案】 08twcY;&k
(1)应选择营业收入作为计算重要性水平的基础。 2yN~[,L
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 +XQS
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 VMNihx0FJ
销售毛利率=(64000-54000)/64000×100%=15.63% Aw5yvQ>]e
总资产净利率=30/[(100000+90000)/2]=0.03% |+[bKqI5
流动比率=60000/20000=3 N#UyAm<9
(3) _qGkTiP
a.应建议做如下审计调整分录: u=4tW:W,
借:应收票据 6 000 000 NQ
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贷:短期借款 5 820 000 VfQSfNsi
财务费用 180 000 p_}OtS;
b.应建议做如下审计调整分录: uYs+xX_
借:预计负债 3 000 000 :0]KIybt
贷:营业外支出 500 000 O/FQ
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其他应付款 2 500 000 GB{%4)%6