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)。 4x-K0
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: >0JCu^9
(Expressed in RMB thousands) dC>(UDC
FINANCLAL STATEMENTS ITEMS :[&QoEZW
20×8 <~zPt&C]V
20×7 8`z
T|-llhJ8
Sales $DW__h
64000 9p, PW A
48000 oFKTBH:I
E?FUr?-[
Cost of sales DMA`Jx
54000 mLfY^&2Pr
42000 \U>|^$4 #5
i`w)dS
Net profit p"0Dl9
30 @RHG@{x{K
-20 9t!Agxm
n.XgGT=L
$;rvKco)%
December 31, 20×8 p,BoiYdi
December 31, 20×7 >en\:pJn)'
|W*5<2Q9
Inventory L=dQ,yA
16000 +~"(Wooi
12000 ]wwN mmE
S
3s6
Current assets
"u)e,gu
60000
(aLjW=
50000 |G/U%?`
=>XjChM
Total assets t +|t/1s2
100000 &g~NkJc0c
90000 &crR nv?
.hJcK/m
Current liabilities 2(5/#$t
20000 ux~=}{tz
18000 VRTJKi
WmkCV+thA
Total liabilities 1p8pH$j'
30000 (+SL1O P
25000 V -_MwII-
R$`%<Y3)
$>T(31)c
During the audit, John has the following findings: juI)Do2_
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: @1D3E =
Dr. Cash in Bank RMB 5820000 _WZ{ i,
Dr. Financial Expenses RMB 180000 vSR5F9
Cr. Notes Receivable RMB 6000000 KquuM ]5S
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Vha,rIi
Dr. Non-operating Expenses RMB 3000000 g_JQW(_
Cr. Provisions RMB 3000000 P`avn
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 7K1_$vd
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: v\E6N2.S
Dr. Provisions RMB 3000000 B|.A6:1g+
Cr. Cash in Bank RMB 2500000 sN K^.0
Cr. Non-operating Income RMB 500000 6z]y
=J
Required: qcC(#0A>
(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. eVd:C8q
(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: 4I9Yr
(a)Inventory Turnover Rate in 20×8; NkoyEa/^[
(b)Gross Profit Ratio in 20×8; (*kKfg4Wj
(c)After Tax Return on Total Assets in 20×8; and _5S||TuNS
(d)Current Ratio as at December 31, 20×8 P/xEn_*v
(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. I>q!co9n
【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。 UXh%DOq
以下是未经审计财务报表的部分信息: y\,,hs
(单位:千元) !MVf(y$
项目 20×8 20×7 P 5.@
LN
营业收入 64 000 48 000 SYh>FF"
营业成本 54 000 42 000 {-Gh 62hDg
净利润 30 -20 '
<QFf
%`~+^{Wp
20×8年12月31日 20×7年12月31日 ;GKL[tI"
存货 16 000 12 000 L c
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流动资产 60 000 50 000
K{, '%|
总资产 100 000 90 000 QNXoAx%I
流动负债 20 000 18 000 B@S~v+Gr
总负债 30 000 25 000 1CR\!?
在审计过程中,约翰发现以下事项:
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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: KyQTrl.qdl
借:银行存款5 820 000 i6$HwRZm#
财务费用 180 000 `+0dz,
贷:应收票据6 000 000 Kz
z/]
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 7w]3D
借:营业外支出 3 000 000 p+5J
贷:预计负债 3 000 000 ^Ku]8/ga
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 6=qC/1,l
借:预计负债 3 000 000 6=Wevb5YJ
贷:银行存款 2 500 000 j5og}Pq:
营业外收入 500 000 /r2S1"(q
要求: 0FLCN!i1
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ^IyYck'y+
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 4GH &u,
(a)20×8年存货周转率 mnBTZ/ZjS
(b)20×8年销售毛利率 :pNS$g[
(c)20×8年总资产净利率 uF1&m5^W
(d)20×8年12月31日的流动比率 _q}Cnp5
(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) 1GIBqs~-
【答案】 2h#.:!/SMw
(1)应选择营业收入作为计算重要性水平的基础。
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=a
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ?|pP&8r
ng~LCffpY
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >ts}\.(]
销售毛利率=(64000-54000)/64000×100%=15.63% 8TG|frS
总资产净利率=30/[(100000+90000)/2]=0.03% $|7=$~y
流动比率=60000/20000=3 KFRf5^ %
(3) <6s@eare8
a.应建议做如下审计调整分录: sCP|d`'
借:应收票据 6 000 000 Jw#7b[a
贷:短期借款 5 820 000 bBV03_*
财务费用 180 000 8'_MCx(
b.应建议做如下审计调整分录: V;^N:I\js
借:预计负债 3 000 000 @t@B(1T
贷:营业外支出 500 000 8aC=k@YE
其他应付款 2 500 000 5UOqS#"0