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)。 :YvbU Y
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: >4)g4~'n!
(Expressed in RMB thousands) L#j/0IHD
FINANCLAL STATEMENTS ITEMS &HF]\`RNr
20×8 5si}i'in
20×7 lX;mhJj!
@YZ
4AC
Sales n`<S&KP|
64000 c E76L%O
48000 nt
H T
h6QWH
Cost of sales 6VR[)T%
54000 'p)QyL`d
42000 DrS?=C@
rm|7
[mK
Net profit bXvbddu)}
30 K-@bwB7~s
-20 CA^.?&CH^O
fN[n>%)VO<
y4<+-
December 31, 20×8 (,tHL
December 31, 20×7 EA yukM2
V/-MIH7SF
Inventory WOb8"*OM
16000 e^frVEV
12000 DQ_ 2fX~)
^x3EotQ\
Current assets <7RfBR.9
60000 9[{sEg=C$e
50000 A2_Ls;]
6/7F">@j
Total assets VM;g+RRq
100000 |[WL2<
90000 @_O3&ZK
~XQ$aRl&
Current liabilities IUawdB5CB
20000 $jcz?vH
18000 nKu(XgFv
Iaa|qJ4
Total liabilities <G9<"{
30000 RpeBm#E2
25000 /j
%_t
3_U\VGm
8bGD
During the audit, John has the following findings: L8Dm9}
(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: J/[7d?hI/
Dr. Cash in Bank RMB 5820000 ]ut?&&*
Dr. Financial Expenses RMB 180000 ?o>6S
EGW
Cr. Notes Receivable RMB 6000000 _UIgRkl.
(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: ?\d5;%YSr
Dr. Non-operating Expenses RMB 3000000 @7X\tV.Z
Cr. Provisions RMB 3000000 "
c EvFY
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 un&>
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: )u
Q
vt-
Dr. Provisions RMB 3000000 f~iML5lG
Cr. Cash in Bank RMB 2500000 4K'|DO|dH
Cr. Non-operating Income RMB 500000 fv/v|
Required: !|(Ao"]
(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. ~=Fk/
(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: PbQE{&D#
(a)Inventory Turnover Rate in 20×8; 'Ye]eL,I\
(b)Gross Profit Ratio in 20×8; wRj~Qv~E
(c)After Tax Return on Total Assets in 20×8; and !,R
(d)Current Ratio as at December 31, 20×8 \`&xprqAw
(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. G\uU- z$)
【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。 k3/4Bt G/
以下是未经审计财务报表的部分信息: 7s!AHyZ
(单位:千元) fGG
9zB6
项目 20×8 20×7 $'y1Po'2
营业收入 64 000 48 000 4a1BGNI%SW
营业成本 54 000 42 000 |&(H^<+Xp
净利润 30 -20 \Qp}|n1JY
03] r*\
20×8年12月31日 20×7年12月31日 g\qX7nIH?
存货 16 000 12 000 qjzZ}
流动资产 60 000 50 000 |<'1
0
总资产 100 000 90 000 &'NQ)Dn
流动负债 20 000 18 000 cS5w +`,L
总负债 30 000 25 000 vg5E/+4gp%
在审计过程中,约翰发现以下事项: z3ZuC{
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: EI<"DB
借:银行存款5 820 000 Vj29L?3
财务费用 180 000 VBhE{4J
贷:应收票据6 000 000 D8a)( wm
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 0:HC;J
借:营业外支出 3 000 000 s^obJl3
贷:预计负债 3 000 000 Fu#Y7)r
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: <%he
o
借:预计负债 3 000 000 ~xP
Szf
贷:银行存款 2 500 000 YdPlN];[
营业外收入 500 000 +7`u9j.
要求: = SA
4\/
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 +V6j`
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: y+l<vJu
(a)20×8年存货周转率 1o(+rR<h9
(b)20×8年销售毛利率 h!Z Z2[
(c)20×8年总资产净利率 7jhl0
(d)20×8年12月31日的流动比率 7eTA`@v5A
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) w"yK\OE
【答案】 G &m>Ov$#&
(1)应选择营业收入作为计算重要性水平的基础。 K~P76jAe$
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Qh/
lT$g
-=@K%\\~5
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Lqg7D\7j
销售毛利率=(64000-54000)/64000×100%=15.63% N45s'rF
总资产净利率=30/[(100000+90000)/2]=0.03% FLw[Mg:L
流动比率=60000/20000=3 9Y;}JVS
(3) AX/=}G
a.应建议做如下审计调整分录: mI2|0RWI)l
借:应收票据 6 000 000 ^.nwc#
贷:短期借款 5 820 000 >:="?'N5l!
财务费用 180 000 =#7s+ d-
b.应建议做如下审计调整分录: "X\q%%P=?
借:预计负债 3 000 000 .n?5}s+q
贷:营业外支出 500 000 ^Z#<tN;
其他应付款 2 500 000 SZNFE