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)。 q0R -7O(
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: NDlF0f
(Expressed in RMB thousands) ]B3=lc"
FINANCLAL STATEMENTS ITEMS YhE+W
20×8 =Bhe'.]QSx
20×7 g+>(dnX
fnX`Q[b4\A
Sales Xe:jAkDp
64000 #S*/bao#
48000 \Vy Z
#
,_u_'C*!
Cost of sales
sAS:-wp
54000 JJ2_hVU
42000 @H7d_S
}Nm#q@o$P
Net profit %r}{hq4
30 *><F'
-20 |G,tlchprs
qr4pR-Gdr
:L RYY
w
December 31, 20×8 se>8 Z4
December 31, 20×7 D rHVG
3|4|*6
Inventory TNY&asQo
16000 F9E<K]7K
12000 ^l=!JP=M=
kG@@ot" n
Current assets _'>oXQJ
60000 %GA"GYL9'
50000 lG!|{z7+0
v)l8@.
Total assets -vR5BMy=
100000 'H&2HXw&2
90000 F{Jw^\
4Thn])%I
Current liabilities ,t9^j3I
xg
20000 o9%)D<4M
18000 s{S4J'VW
?:8ido#-
Total liabilities t2I5hSf
30000 : $Y9jR
25000 =`:K{loxq
B~JwHwIhA
O%(fx!c`
During the audit, John has the following findings: ICs\
z
(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: 1H@>/QC
Dr. Cash in Bank RMB 5820000 S=<}:#;u0
Dr. Financial Expenses RMB 180000 ^~@U]
Cr. Notes Receivable RMB 6000000 NI#:|}CYS
(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: */|lJm'R
Dr. Non-operating Expenses RMB 3000000 =/Mq 5.
Cr. Provisions RMB 3000000 s(%oTKjt
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Z
X(z;|l45
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: }Q?c"H!/
Dr. Provisions RMB 3000000 EQ`(yj
Cr. Cash in Bank RMB 2500000 8U>B~9:JO
Cr. Non-operating Income RMB 500000 K[Kh&`T
Required: cU@SIJ)
(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.
ZP*q4:
(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: +5o8KYV
(a)Inventory Turnover Rate in 20×8; ^ZhG>L*
(b)Gross Profit Ratio in 20×8; V_RTI.3p
(c)After Tax Return on Total Assets in 20×8; and *4xat:@{{
(d)Current Ratio as at December 31, 20×8 p
|jV{P
(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. Nq` C.&
【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。 u7[ykyV
以下是未经审计财务报表的部分信息: 8XzR
wYV
(单位:千元)
lBhLf@
项目 20×8 20×7 ng:9 l3x
营业收入 64 000 48 000 AW_(T\P:u
营业成本 54 000 42 000 Xr2ou5zAn
净利润 30 -20 #H{<gjs]
OCJnjlV%
20×8年12月31日 20×7年12月31日 .ir<s>YM
存货 16 000 12 000 wsN?[=l{s
流动资产 60 000 50 000 Jd(,/q
总资产 100 000 90 000 #iWSDy
流动负债 20 000 18 000 j>x-"9N
总负债 30 000 25 000 4%}*&nsI-Z
在审计过程中,约翰发现以下事项: +~roU{& o
(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: vj\d A2!~
借:银行存款5 820 000 x2z;6)
财务费用 180 000 bQP{|
贷:应收票据6 000 000 I8/DR z$A
(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$tr
借:营业外支出 3 000 000 iz?tu: \v&
贷:预计负债 3 000 000 !+4cqO
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: PSVc+s[Q+V
借:预计负债 3 000 000 ?)[EO(D
贷:银行存款 2 500 000 C;`XlQG `
营业外收入 500 000 (+u39NQV
要求: \XM^oE#G
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 s]mY*@a
%
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: R~jHr
)0.#
(a)20×8年存货周转率 N:tY":Hi
(b)20×8年销售毛利率 bH2MdU
(c)20×8年总资产净利率 0iK;Egwm
(d)20×8年12月31日的流动比率 ]X
f% ,iu
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) r8&^>4
【答案】 J?}WQLVP'
(1)应选择营业收入作为计算重要性水平的基础。 %4
XJn@J
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 +|@rD/I6
f=!VsR2o
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 RE=+Dz{
销售毛利率=(64000-54000)/64000×100%=15.63% d/|D<Sb[s
总资产净利率=30/[(100000+90000)/2]=0.03% ;3@YZM'wt
流动比率=60000/20000=3 Nl9I*x^e
(3) 4jBC9b}O
a.应建议做如下审计调整分录: WN5`;{\
借:应收票据 6 000 000 s^|.Zr;,>
贷:短期借款 5 820 000 3=$q
财务费用 180 000 n;p:=\uN
b.应建议做如下审计调整分录: f1)x5N
借:预计负债 3 000 000 TsUOpEuX
贷:营业外支出 500 000 x^y" <
其他应付款 2 500 000 f{i8w!O"~