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)。 #L$ I%L"
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: iCKwd 9?)
(Expressed in RMB thousands) /CE d14.
FINANCLAL STATEMENTS ITEMS `{_PSzM
20×8 O3:
dOL/C
20×7 <]
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BAHx7x#(
Sales <J`xCm K
64000 e_-/p`9
48000 Z?mg1;Q
74(J7
Cost of sales VAt9JE;#
54000 `0D1Nh"%k
42000 O+j:L
*)I1gR~
Net profit ~Xw?>&
30 e6'O,\
-20 8m<<tv.
V5r7eC
\TlUC<urP
December 31, 20×8 R!G7;m'N1
December 31, 20×7 Fo~v.+^?
^W'[l al.
Inventory E%B Gf}h
16000 7k|(5P;
12000 n<*]`do,w
v{Vesf
Current assets QovC
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60000 fk1f'M)/8
50000 V p{5Kxq
Y cpO;md
Total assets ![^h<Om
100000 {Z.@-Tl_
90000 .?RjH6W
UV.9KcN.
Current liabilities ,+.#
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20000 eUlb6{!y?
18000 EZBzQ""
YYW70k:
Total liabilities d2sq]Q
30000 I1 O?)x~
25000 yw!`1#3.
2s%M,Nb
He3zV\X[Z
During the audit, John has the following findings: Sw'?$j^3
(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: z?[DW*
Dr. Cash in Bank RMB 5820000 [hbp#I~*[
Dr. Financial Expenses RMB 180000 'O9=*L)X
Cr. Notes Receivable RMB 6000000 d
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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: a0\UL"z#+
Dr. Non-operating Expenses RMB 3000000 iZk``5tPE
Cr. Provisions RMB 3000000 \'*`te:{
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 [{$0E=&0
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: g1,
Dr. Provisions RMB 3000000 faX#KRpfd
Cr. Cash in Bank RMB 2500000 U{(07GNm#
Cr. Non-operating Income RMB 500000 !@k@7~i
Required: TVwYFX
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ]{^vs'as
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: sb.SpF>
(a)Inventory Turnover Rate in 20×8; d.oFlT
(b)Gross Profit Ratio in 20×8; p>3'77
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(c)After Tax Return on Total Assets in 20×8; and 8f5^@K\c
(d)Current Ratio as at December 31, 20×8 *DzPkaYD>
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. .+h
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 K9'*q3z
以下是未经审计财务报表的部分信息: I3Xh[% -!
(单位:千元) 'U$VOq?!
项目 20×8 20×7 hATy3*4
营业收入 64 000 48 000 4+,Z'J%\[7
营业成本 54 000 42 000 %[m1\h"1
净利润 30 -20 Qe.kNdT+_
P@`"MNS
20×8年12月31日 20×7年12月31日 ygt)7f5
存货 16 000 12 000 x~tQYK
流动资产 60 000 50 000 d<nB=r!*
总资产 100 000 90 000 MiM=fIuw@s
流动负债 20 000 18 000 tta0sJ8i
总负债 30 000 25 000 S'p`ECfVMA
在审计过程中,约翰发现以下事项: ~')t1Ays
(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: F*:NKT d
借:银行存款5 820 000 |9$'?4F
财务费用 180 000 Wb4{*~
贷:应收票据6 000 000 ,s&~U<Z
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ?<^AXLiKV
借:营业外支出 3 000 000 15DK\_;
贷:预计负债 3 000 000 6*33k'=;F
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: {
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借:预计负债 3 000 000 [:@?,?V\N
贷:银行存款 2 500 000 <W')
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营业外收入 500 000 %v:h]TA
要求: s/H"Ab
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 h]$?~YE
(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:
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(a)20×8年存货周转率 }h h^U^ia
(b)20×8年销售毛利率 E9 q;>)}
(c)20×8年总资产净利率 8lSn*;S,
(d)20×8年12月31日的流动比率 ]GKx[F{)
(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) ATp 6-
【答案】 <>Ddxmw
(1)应选择营业收入作为计算重要性水平的基础。 N@a'd0oTd
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 JM lhBh
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 o
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销售毛利率=(64000-54000)/64000×100%=15.63% '?3z6%
总资产净利率=30/[(100000+90000)/2]=0.03% (ul-J4E\O
流动比率=60000/20000=3 A=]F_
(3) ^6y4!='ci
a.应建议做如下审计调整分录: s
Xk?.A_D
借:应收票据 6 000 000 c
GzYW~
K
贷:短期借款 5 820 000 <;E[)tv
财务费用 180 000 -7z y
b.应建议做如下审计调整分录: h21(K}
借:预计负债 3 000 000 L^{;jgd&T9
贷:营业外支出 500 000 Mq lo:7
^F
其他应付款 2 500 000 5po'(r|U