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)。 Qnb?hvb"d
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: [tK:y[nk
(Expressed in RMB thousands) 1z@# 8_@
FINANCLAL STATEMENTS ITEMS rbZ6V :
20×8 Q;,3W+(
20×7 P<JkRX
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Sales
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64000 J8?6G&0H
48000 / z?7ic0
3pjYY$'
Cost of sales ;Owu:}
54000 Y^m=_*1g5
42000 gsm^
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B|$13dHfa
Net profit `ur9KP4Dq
30 |laKntv 2
-20 Xg3[v3m|
[QN7+#K,
H^1 a3L]
December 31, 20×8 2bxMIr
December 31, 20×7 A;`U{7IST
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Inventory x[~OVG0M*
16000 GfPz^F=ie.
12000 ^JVP2L>o*
;Hp' x_xQ
Current assets (U(x[D
f)
60000 KXfW&d(Pk
50000 yrNc[kS/
n)!_HNc9
Total assets Y"rV[oe
100000 17]31
90000 =i>F^7)U1
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Current liabilities |ylTy B
20000 n}'.6
18000 "g1;TT:1~
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Total liabilities ^&/&I9z
30000 <n#V
25000 ;C3?Ic
n(xlad
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During the audit, John has the following findings: @M?EgVmW
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: nGgc~E$j
Dr. Cash in Bank RMB 5820000 t%B!\]
Dr. Financial Expenses RMB 180000 Y]Vc}-a(h
Cr. Notes Receivable RMB 6000000 KY
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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: Rj;e82%%N
Dr. Non-operating Expenses RMB 3000000 |5B9tjJ"
Cr. Provisions RMB 3000000 <+,0G`
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 #LgoKiP!Y
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: <7]
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Dr. Provisions RMB 3000000 |aJ6363f.
Cr. Cash in Bank RMB 2500000 Ic!83-
Cr. Non-operating Income RMB 500000 8'Bl=C|0X
Required: % peb{i
(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. U (7P X`1
(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: Z M, ^R?e
(a)Inventory Turnover Rate in 20×8; )qXe`3d5
(b)Gross Profit Ratio in 20×8; tg3JU\
(c)After Tax Return on Total Assets in 20×8; and ^uElQI
(d)Current Ratio as at December 31, 20×8 uCS
(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. u3brb'Y+
【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。 7]zZha4X
以下是未经审计财务报表的部分信息: qk1D#1vl
(单位:千元) nqJV1h
项目 20×8 20×7 =U`c
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营业收入 64 000 48 000 i3j jPN!
营业成本 54 000 42 000 OBQ!0NM_b
净利润 30 -20 $KHDS:&
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20×8年12月31日 20×7年12月31日 H,` XCG
存货 16 000 12 000 Y!$z7K
流动资产 60 000 50 000 v 8a
总资产 100 000 90 000 }0),b ?*e
流动负债 20 000 18 000 %k)I=|
总负债 30 000 25 000 j&GKp t
在审计过程中,约翰发现以下事项: Dy@NgHe
(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: B4Oa7$M/U
借:银行存款5 820 000 $0 zL
财务费用 180 000
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贷:应收票据6 000 000 ~kT{O!x}4
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: )/N! {`.9
借:营业外支出 3 000 000 g``4U3T%X
贷:预计负债 3 000 000 1V?)zp
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ofCP>Z-
借:预计负债 3 000 000 8}T3Fig,q
贷:银行存款 2 500 000 B*N 8:u
营业外收入 500 000 :''0z
要求: f L?~1i =
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: s
>I}-=.(Q
(a)20×8年存货周转率 H/
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(b)20×8年销售毛利率 Q3Lqj2r
(c)20×8年总资产净利率 Av]N.HB$
(d)20×8年12月31日的流动比率 x^BBK'
(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) H`@7o8oj1
【答案】 tRCd(
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(1)应选择营业收入作为计算重要性水平的基础。 1bs95Fh9Q
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 <sOB j'
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 vdzC2T
销售毛利率=(64000-54000)/64000×100%=15.63% YaNVpLA
总资产净利率=30/[(100000+90000)/2]=0.03% ,DLNI0uV
流动比率=60000/20000=3
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(3) ^o:5B%}#[
a.应建议做如下审计调整分录: ,#Y".23G
借:应收票据 6 000 000 M
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贷:短期借款 5 820 000 ,Z"sh*
财务费用 180 000
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b.应建议做如下审计调整分录: &pl;U\dc*a
借:预计负债 3 000 000 sOmYQ{R
贷:营业外支出 500 000 WLH2B1_):
其他应付款 2 500 000 v8N1fuP}