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)。 APfD
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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: ,wI$O8"!j
(Expressed in RMB thousands) =LFrV9
FINANCLAL STATEMENTS ITEMS |GDf<\
20×8 jJX-S
20×7 C4#E N}
Ca&p;K9FR
Sales [RZ}9`V
64000 %XpYiW#AK
48000 zoj3w
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kLr6j-X
Cost of sales 7]i=eD8
54000 ))pp{X2m
42000 +[=yLE#P%
r]C`#
Net profit ?|&plf|
30 @V9qbr=Z
-20 .7BB*!CP
"Yk3K^`1T.
eH*u,/
December 31, 20×8 ,>DaS(
December 31, 20×7 \:ELO[(#|{
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Inventory v Ft]n
16000 z3RlD"F1
12000 yf2I%\p}
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Current assets ]<V,5'xh
60000 *\UxdL 22
50000 :4{;^|RgU
i$Rlb5RU
Total assets ][ ,NNXrc&
100000 ,P?R
3
90000 #WOb&h
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Current liabilities Qp~
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20000
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18000 6l{=[\.Xa
/,>@+^ 1
Total liabilities l c<&f
30000 AYC22(
25000 @Ju!|G9z/p
-n C
5
xk1pZQ8c
During the audit, John has the following findings: 12NV
(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: GM5s~,
Dr. Cash in Bank RMB 5820000 `kx+ Kc
Dr. Financial Expenses RMB 180000 .] S{T
Cr. Notes Receivable RMB 6000000 M5SA
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(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: \2rCT~x
Dr. Non-operating Expenses RMB 3000000 7[V6@K!Al[
Cr. Provisions RMB 3000000 .kBZ(`K
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ^:b%QO
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: [5v[
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Dr. Provisions RMB 3000000 B!Ss
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Cr. Cash in Bank RMB 2500000 ..ig jc#UF
Cr. Non-operating Income RMB 500000 >3S^9{d
Required: Iw?M>'l
(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. ++s=$D
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: y=L9E?
(a)Inventory Turnover Rate in 20×8; ;st$TVzkn
(b)Gross Profit Ratio in 20×8; x?ajTzMv
(c)After Tax Return on Total Assets in 20×8; and V9v80e {n4
(d)Current Ratio as at December 31, 20×8 ^,Sl^ 9K
(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. Z/z(P8#U\
【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。 [WOLUb
以下是未经审计财务报表的部分信息: . Q#X'j
(单位:千元) Q%xvS,oI
项目 20×8 20×7 va(ZGGS]N
营业收入 64 000 48 000 k5>K/;*9
营业成本 54 000 42 000 KcGM=z?:
净利润 30 -20 6 u3$ .Q
NFc@Kz<H
20×8年12月31日 20×7年12月31日 eBD7 g-
存货 16 000 12 000 [l+1zt0w0
流动资产 60 000 50 000 erG;M! 9\
总资产 100 000 90 000 htn "rY(
流动负债 20 000 18 000 G/F0)M
总负债 30 000 25 000 2?]NQE9lA
在审计过程中,约翰发现以下事项: d
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(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: [:HT=LX3
借:银行存款5 820 000 k^|P8v+"D
财务费用 180 000 DR."C+
贷:应收票据6 000 000 &Rgy/1
(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: bK)gB!
借:营业外支出 3 000 000 oGzZ.K3 A
贷:预计负债 3 000 000 R<}Yf[TQ
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: @:'swO/\<
借:预计负债 3 000 000 09Sy-
je*/
贷:银行存款 2 500 000 A7~~{9
营业外收入 500 000 C|kZT<,]
要求: N'L3Oa\%
(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。 1/t}>>,M
(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: _,hhO
(a)20×8年存货周转率 %ZF6%m0S
(b)20×8年销售毛利率 ~E2xIhV
(c)20×8年总资产净利率 )V!dmVQq{g
(d)20×8年12月31日的流动比率 x,Im%!h
(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) :*wnO;eN
【答案】 Z/ "jLfP
(1)应选择营业收入作为计算重要性水平的基础。 6Xjr0C+
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 +L4_]
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 0K-jF5i$`
销售毛利率=(64000-54000)/64000×100%=15.63% ,UFr??ZKm
总资产净利率=30/[(100000+90000)/2]=0.03% kan?2x
流动比率=60000/20000=3 [.}-n AN
(3) w5I
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a.应建议做如下审计调整分录: wo;`D
借:应收票据 6 000 000 ,+0>p
贷:短期借款 5 820 000 N?d4Pu1m
财务费用 180 000 lGa'Y
b.应建议做如下审计调整分录: gAe*
kf1
借:预计负债 3 000 000 ?]S!-6:
贷:营业外支出 500 000 +tz^ &(
其他应付款 2 500 000 dP(*IOO.