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)。 k+
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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: 4xAlaOw5M
(Expressed in RMB thousands) VM\Z<}C
FINANCLAL STATEMENTS ITEMS }x#P<d(
20×8 R26tQbwE
20×7 NBg>i7KQ
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Sales 4_m
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64000 ssr)f8R#,#
48000 U@v8H!p^i
ev: !,}]w
Cost of sales WKrZTPD'm
54000 6JFDRsX>)?
42000 _#YHc
[Wz
]}l+ !NV<
Net profit VG'(
30 jC Kt;lj
-20 Er/5 ,
^/d^$
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December 31, 20×8 E_'n4@}Cx
December 31, 20×7 );uZ4PNK/?
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Inventory 4Jk}/_
16000 :{xN33@6\X
12000 zloaU
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Current assets xu?QK6D:
60000 w)m0Z4*
50000 |nH
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Total assets B]KLn?zt5
100000 >ya-
90000 kz VI
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Current liabilities 7SY->-H8
20000 !VJa$>,
18000 /L|}Y242
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Total liabilities +81+4{*
30000 !Ub?eJp
25000 9c;lTl^4;
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NdSxWrD`m
During the audit, John has the following findings: 13&>w{S}
(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: "g:&Ge*X
Dr. Cash in Bank RMB 5820000 W7[S7kd
Dr. Financial Expenses RMB 180000 /qq&'}TZP
Cr. Notes Receivable RMB 6000000 (Nlm4*{h
(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: |16BidWi
Dr. Non-operating Expenses RMB 3000000 [ 6o:v8&3
Cr. Provisions RMB 3000000 F.
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ]ifHA# z`~
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: T17LYHIT
Dr. Provisions RMB 3000000 8`~3MsE"
Cr. Cash in Bank RMB 2500000 o>A%}YU
Cr. Non-operating Income RMB 500000 qCkg\)Ks5I
Required: "A1yqK
(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. iCSM1W3
(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: Cm}UWX
(a)Inventory Turnover Rate in 20×8; ?.A/E?Oc
(b)Gross Profit Ratio in 20×8; /~rO2]rZ@
(c)After Tax Return on Total Assets in 20×8; and ^$,kTU'=
(d)Current Ratio as at December 31, 20×8 ^oB1 &G
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. P_g0G#`4
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Z%9^6kdY
以下是未经审计财务报表的部分信息: +\Mm
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(单位:千元) JiLrwPex[
项目 20×8 20×7 ;_\
营业收入 64 000 48 000 z+D,:!yF
营业成本 54 000 42 000 -*q2Y^A^l
净利润 30 -20 ;,})VoC\!
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20×8年12月31日 20×7年12月31日 %y\7
存货 16 000 12 000 D&m"~wI
流动资产 60 000 50 000 &q}@[
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总资产 100 000 90 000 ,$qs9b~
流动负债 20 000 18 000 Tc(v\|F,
总负债 30 000 25 000 t RyGxqiG
在审计过程中,约翰发现以下事项: +2o|#`)i
(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: fvM3.P
借:银行存款5 820 000 molowPI
财务费用 180 000 ;<@O^_+
贷:应收票据6 000 000 ?E_p ,#9j)
(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: yaYt/?|
借:营业外支出 3 000 000 L0VR(
贷:预计负债 3 000 000 BXv)zE=j
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: a4.:
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借:预计负债 3 000 000 'htA! KHF
贷:银行存款 2 500 000 wEc5{ b5M
营业外收入 500 000
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要求: 1sLfjH hv
(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。 ^k<$N
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Q4:r$
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(a)20×8年存货周转率 vm^# aoDB
(b)20×8年销售毛利率 iC+H;s5<
(c)20×8年总资产净利率 5nq-b@?L
(d)20×8年12月31日的流动比率 4H?Ma|,
(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) 7=*k@9
【答案】 K$5P_~;QL
(1)应选择营业收入作为计算重要性水平的基础。 Ru aJ9O
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 jeF
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 |3@Pt>Ikl
销售毛利率=(64000-54000)/64000×100%=15.63% v~cW:I
总资产净利率=30/[(100000+90000)/2]=0.03% 7Ej#7\TB]
流动比率=60000/20000=3 h1o+7
(3) es FL<T
a.应建议做如下审计调整分录: =F[,-B~
借:应收票据 6 000 000 Zs|sPatV<
贷:短期借款 5 820 000 H=RV M
财务费用 180 000 s?#lhI
b.应建议做如下审计调整分录: 0U*"OSpF
借:预计负债 3 000 000 [te7uZv-
贷:营业外支出 500 000 -y*+G&
其他应付款 2 500 000 N,Bs% p#1