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)。 t Ye+7s
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: "ITC P<+
(Expressed in RMB thousands) Y 6NoNc]h
FINANCLAL STATEMENTS ITEMS Nu/D$m'PY
20×8 fG *1
A\t]
20×7 tEU}?k+:j)
mbf'xGO
Sales i146@<\G{P
64000 R04%;p:k
#
48000 g431+O0K1
8vk*",
Cost of sales 9+z5$
54000 TO(2n8'fdO
42000 5hhiP2q
{S9't;%]
Net profit \(4"kY_=
30 .Lwp`{F/
-20 9/8#e+L
r>>4)<C7J
|"K<
December 31, 20×8 LnwI 7uvq
December 31, 20×7 <yoCW?#
V`ODX>\
Inventory z~O#0Q!
16000 &-S;.}
12000 AX`>y@I
Y)Os]<N1
Current assets t;3n
60000 X0QY:?
50000 D.!ay>o0#
sp&s
5aw
Total assets '8k{\>
100000 ^~p^N <
90000 B%]yLJ
WxLmzSz{xD
Current liabilities iXF iFsb
20000 i)@IV]]6yL
18000 mJ'Q9x"
mQbpv'N
Total liabilities Zb \E!>V
30000 m'!smSx8
25000 xr;:gz!h
K)D5%?D
~BUzyc%
During the audit, John has the following findings: n?UFFi+a
(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: D2,2Yy5y
Dr. Cash in Bank RMB 5820000 bu2@~
Dr. Financial Expenses RMB 180000 =7e|e6
Cr. Notes Receivable RMB 6000000 lc:dKGF6
(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: 3 L:s5
Dr. Non-operating Expenses RMB 3000000 vp[;rDsIJ$
Cr. Provisions RMB 3000000 !,SGKLs.m
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 #`g..3ey
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: T#o?
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Dr. Provisions RMB 3000000 eU*0;#
Cr. Cash in Bank RMB 2500000 X\=m
Cr. Non-operating Income RMB 500000 \68x]q[
Required: 2\b 2W_
(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. ,mHQ
(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: fwN'5ep
(a)Inventory Turnover Rate in 20×8; 9=l6NNe)|
(b)Gross Profit Ratio in 20×8; 1"hd5a
(c)After Tax Return on Total Assets in 20×8; and |}FK;@'I 6
(d)Current Ratio as at December 31, 20×8 oP"X-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. hja;d1yH
【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。 <[oPh(!V
以下是未经审计财务报表的部分信息: dj;Zzt3
(单位:千元) z#j)
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项目 20×8 20×7 E7CeE6U
营业收入 64 000 48 000 TJ5g?#Wul
营业成本 54 000 42 000 ^xNs^wC.
净利润 30 -20 San=E@3}v!
@W|N1
,sp
20×8年12月31日 20×7年12月31日 ytDp
4x<W)
存货 16 000 12 000 9B&fEmgEc?
流动资产 60 000 50 000 ZCcKY6b
总资产 100 000 90 000 0afDqvrC6
流动负债 20 000 18 000
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总负债 30 000 25 000 [9lfR5=Xw[
在审计过程中,约翰发现以下事项: Ir,3' G
(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: e7$ZA#A_5v
借:银行存款5 820 000 "44A#0)B'l
财务费用 180 000 W ZAkp|R
贷:应收票据6 000 000 J%
b`*?A
(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: T,
z80m}
借:营业外支出 3 000 000 eM) I%
贷:预计负债 3 000 000 KJs/4oR;
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: J^Mq4&
借:预计负债 3 000 000 `"-ln'nw
贷:银行存款 2 500 000 {\
P`-'C
营业外收入 500 000 Twi7g3}/jB
要求: Uc[@]
(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。 HtN!Hgpwg
(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: c@&`!e
(a)20×8年存货周转率 4[ .DQ#r
(b)20×8年销售毛利率 qb[UA5S\`
(c)20×8年总资产净利率 Ed>Dhy6\r
(d)20×8年12月31日的流动比率 GdlzpBl
(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) Dus [N<
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【答案】 w y\0o
(1)应选择营业收入作为计算重要性水平的基础。 X9S`#N
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ~CRd0T[^
[dXpz^Co
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 xIlo@W6
销售毛利率=(64000-54000)/64000×100%=15.63% H?a1XEY/
总资产净利率=30/[(100000+90000)/2]=0.03% ~x #RIt
流动比率=60000/20000=3 +%'!+r
l
(3) nF#1B4b>
a.应建议做如下审计调整分录: "dItv#<:}
借:应收票据 6 000 000 je[1>\3W
贷:短期借款 5 820 000 ;WqWD-C
财务费用 180 000 z5_#]:o&
b.应建议做如下审计调整分录:
A|90Ps
借:预计负债 3 000 000 /E32^o|,>
贷:营业外支出 500 000 5dNM:1VoE
其他应付款 2 500 000 YR? ujN