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)。 q CB9
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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: _a,XL<9 I
(Expressed in RMB thousands) Sf0[^"7
FINANCLAL STATEMENTS ITEMS \ g[A{
20×8 3$ 1 z
20×7 |1(9_=i'
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Sales )z?Kq0
64000 ;]^JUmxU[d
48000 15FGlO<<
7oI^sh k
Cost of sales %S<( z5
54000 wh;E\^',n
42000 :j2_Jn4UP
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Net profit D`^9
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30 *oX~z>a
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-20 VCvqiHn
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December 31, 20×8 lC i_G3C
December 31, 20×7 4hv'OEl
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Inventory h&6x.ps@
16000 LvNk:99:<
12000 ,FPgbs
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Current assets ico(4KSk
60000 V-w[\u
50000 Aq{m4
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Total assets =>CrZ23B"
100000 JZQ$
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90000 VmB/X))
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Current liabilities U)p P^:|
20000 d0 tN73(
18000 ^ffh
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Total liabilities -j9R%+YW<
30000 ~>)GW
25000 6X:-Z3
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During the audit, John has the following findings: T8FKa4ikn
(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: g5to0
Dr. Cash in Bank RMB 5820000 n6nwda
Dr. Financial Expenses RMB 180000 N3H!ptn37
Cr. Notes Receivable RMB 6000000 /=\__$l)
(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: xTM&SVNbL_
Dr. Non-operating Expenses RMB 3000000 R#bg{|
Cr. Provisions RMB 3000000 q6{ %vd
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 1p&?MxLN-a
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: /BVNJNhz
Dr. Provisions RMB 3000000 q#PGcCtu
Cr. Cash in Bank RMB 2500000 }~-)31e'`
Cr. Non-operating Income RMB 500000 r/L
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Required: ap9eQsC
(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. N2tvP+Z6D
(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: t Q_}o[
(a)Inventory Turnover Rate in 20×8; j&Ayk*
(b)Gross Profit Ratio in 20×8; wy_TFV
(c)After Tax Return on Total Assets in 20×8; and mI in'M
(d)Current Ratio as at December 31, 20×8 m=fmf(
(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. Y@u
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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。 K"b vUH
以下是未经审计财务报表的部分信息: &H5
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(单位:千元)
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项目 20×8 20×7 k=bv!T_o
营业收入 64 000 48 000 S,S_BB<Y[b
营业成本 54 000 42 000 n]coqJ
净利润 30 -20 uD:O[H-x
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20×8年12月31日 20×7年12月31日 qm]ljut
存货 16 000 12 000 L +. K}w
流动资产 60 000 50 000 =4 JVUu~Z
总资产 100 000 90 000 S_2I8G^A
流动负债 20 000 18 000 P!YT{}
总负债 30 000 25 000 o`j%$K4?5
在审计过程中,约翰发现以下事项: Punbw\9!d,
(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: o
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借:银行存款5 820 000 ",8h>eEWK
财务费用 180 000 )vGRfFjw_
贷:应收票据6 000 000 _W#27I
(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: ! 2Y,
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借:营业外支出 3 000 000 s9`T% pg
贷:预计负债 3 000 000 KS(T%mk\
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: ~T4=Id
借:预计负债 3 000 000 1<59)RiO>
贷:银行存款 2 500 000 `O}.
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营业外收入 500 000 F/EHU?_EI
要求: Z^
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(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。 5-mJj&0:!
(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: oS,<2Z
(a)20×8年存货周转率 R#\8jv v
(b)20×8年销售毛利率 J?%D4AeS]v
(c)20×8年总资产净利率 <U,T*Ql1x
(d)20×8年12月31日的流动比率 ,CM$A}7[
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 5K6_#g4"
【答案】 "F[VqqD
(1)应选择营业收入作为计算重要性水平的基础。 s.GhquFCrU
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 zLh ~x
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 DD3J2J
销售毛利率=(64000-54000)/64000×100%=15.63% Ca1)>1Vz
总资产净利率=30/[(100000+90000)/2]=0.03% Ha+FH8rZ
流动比率=60000/20000=3 O&w$
(3) p-(Z[G*
a.应建议做如下审计调整分录: F~l3?3ZV
借:应收票据 6 000 000 1;:2
=8
贷:短期借款 5 820 000 ]-PF? 8
财务费用 180 000 Y6D=tb
b.应建议做如下审计调整分录: %74Ms
借:预计负债 3 000 000 VJR'B={h
贷:营业外支出 500 000 *!s4#|h
其他应付款 2 500 000 +j@|D@z