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)。 }g|)+V\A
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: 1I -LGe[Q
(Expressed in RMB thousands) *QT|J6ng
FINANCLAL STATEMENTS ITEMS ,3E9H&@j
20×8 K7N.gT*4
20×7 A/#X
r
Ps_q\R
Sales njN]0l{p
64000 #-Ad0/
48000 K?:wX(JYT
JDy ;Jb
Cost of sales -*r]9f6x
54000 nfbq
J
42000 xRU ~hQ
j1{\nP/
Net profit bxA1fA;
30 `[zd
-20 4]/i0\Vbam
czv )D\*
XTOZ]H*^
December 31, 20×8 eX@7f!uz
December 31, 20×7 GxR, 3
t[-0/-4
Inventory , JUP
16000 ~1yMw.04V
12000 U
DC>iHt
OK^0,0kS3
Current assets 5Si\hk:o
60000 =!cI@TI
50000
+$x;FT&
8xEOR!\!`k
Total assets J|BZ{T}d
100000 pt!Q%rXm
90000 \O7Vo<B&D
r\-25F<e5
Current liabilities 5@{+V!o,
20000 M"t=0[0DM:
18000 %V CfcM}5I
Dxwv\+7]
Total liabilities qJ|n73yn
30000 P6E=*^^m(
25000 A'\jaB
8uO@S*)0
X}5aE4K/
During the audit, John has the following findings: Ph&fOj=pFb
(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:
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Dr. Cash in Bank RMB 5820000 n6a*|rE
Dr. Financial Expenses RMB 180000 @-ma_0cZQ
Cr. Notes Receivable RMB 6000000 g}-Ch#
(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: r_kw "9
Dr. Non-operating Expenses RMB 3000000 &z\]A,=Tc
Cr. Provisions RMB 3000000 -*K!JC-
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 f2#9E+IQ
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: v0dFP0.;&
Dr. Provisions RMB 3000000 epH48 )2
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 N&0MA
Required: _uO#0
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(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. /I'n]
(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: >Ufjmm${
(a)Inventory Turnover Rate in 20×8; /Jc?;@{
(b)Gross Profit Ratio in 20×8; J\%<.S>
(c)After Tax Return on Total Assets in 20×8; and !7g
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(d)Current Ratio as at December 31, 20×8 1@ j>2>i
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. PSdH9ea
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 a9E!2o
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以下是未经审计财务报表的部分信息: )6?.;
B
(单位:千元) [LonY49
项目 20×8 20×7 TgaDzF,j{A
营业收入 64 000 48 000 O8+[)+6^
营业成本 54 000 42 000 bw7!MAXd
净利润 30 -20 s'^zudx
T$]2U>=<J
20×8年12月31日 20×7年12月31日 )Q\ZYCPOr
存货 16 000 12 000 <(JsB'TK
流动资产 60 000 50 000 @Y>3 -,o,S
总资产 100 000 90 000
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流动负债 20 000 18 000 k"SmbFn%N0
总负债 30 000 25 000 c4LBlLv4
在审计过程中,约翰发现以下事项: >5Zpx8W
(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: DJE/u qE
借:银行存款5 820 000 Y\T*8\h_[
财务费用 180 000 g[;iVX^1&
贷:应收票据6 000 000 %uGA+ \b
(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: F_~-o,\
借:营业外支出 3 000 000 'KGY;8<x]
贷:预计负债 3 000 000 Z"gllpDr$
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: fBH&AO$Q
借:预计负债 3 000 000 s8|#sHT
贷:银行存款 2 500 000 wN)R !6
营业外收入 500 000 *eXO?6f%s^
要求: Snt=Hil`
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 GtO5,d_
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 2vnzB8"k
(a)20×8年存货周转率 1A-8,)
(b)20×8年销售毛利率 .bl0w"c^qq
(c)20×8年总资产净利率 +&\TdvNI4
(d)20×8年12月31日的流动比率 (W/jkm
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) DuvP3(K
【答案】 V8&/O)} o
(1)应选择营业收入作为计算重要性水平的基础。 ]@J}f}Mjo
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 "|DR"rr'j
zs"AYxr
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 8"LaP3U
销售毛利率=(64000-54000)/64000×100%=15.63%
oQ;f`JC^
总资产净利率=30/[(100000+90000)/2]=0.03% 1MJ]Gh]5
流动比率=60000/20000=3 UKK}$B
(3) -e(2?Xq9
a.应建议做如下审计调整分录: Xs?7Whc6
借:应收票据 6 000 000 &up/`8
贷:短期借款 5 820 000 X}zKV
财务费用 180 000 TjI NxP-O
b.应建议做如下审计调整分录: vB4cdW
2#3
借:预计负债 3 000 000 eZHzo
贷:营业外支出 500 000 iL 4SL}P
其他应付款 2 500 000 SbnVU[