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)。 byd[pnI$H
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows:
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(Expressed in RMB thousands) ]92@&J0w
FINANCLAL STATEMENTS ITEMS n2$*Z6.G
20×8 L8!xn&uyP=
20×7 NC0x!tJ#7
Lx2.E1?@
Sales J
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64000 HmQuRW
48000 _w(SHWh2
iX~V(~v
Cost of sales [Q)lJTs
54000 Q~uj:A]n<
42000 514;!Q4K
W<kJ%42^j
Net profit Ww@Rewo
30 3 bGpK9M~
-20 sHKT]^7
DUa`8cE}
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December 31, 20×8 xez~Yw2
December 31, 20×7 7e
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l 4(-yWC$H
Inventory voCQ_~*)9
16000 aA=qel
12000 *y7^4I-J
g3j@o/Y
Current assets ^cd+W?
60000 m ?LOd9
50000 6EJ,czt(
NfKi,^O
Total assets Q-(twh
100000 ]M>mwnt+
90000 k_$w+Q
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Current liabilities K6_{AuL}4
20000 l[.RnM[v
18000 I%;xMtY1o
eZT923tD
Total liabilities $Y7q2
30000 @ScH"I];uA
25000 H 2\KI(
BY6QJkI9x
r`VKb
During the audit, John has the following findings:
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: !3}vl
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Dr. Cash in Bank RMB 5820000 G5?Dt-;I
Dr. Financial Expenses RMB 180000 \Ua"gS2L
Cr. Notes Receivable RMB 6000000 C%0 |o/Wi
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: A)&OR]0[
Dr. Non-operating Expenses RMB 3000000 b$H{|[
Cr. Provisions RMB 3000000 td&W>(3d
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 6O!&!
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: {088j?[hzk
Dr. Provisions RMB 3000000 do C8!
Cr. Cash in Bank RMB 2500000 RT4ns +J1
Cr. Non-operating Income RMB 500000 PL[7|_%
Required: *h$Z:
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. rx
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: rhsSV3iM
(a)Inventory Turnover Rate in 20×8; ZFY t[:
(b)Gross Profit Ratio in 20×8; (sz=IB ;
(c)After Tax Return on Total Assets in 20×8; and ?(n|ykXwc
(d)Current Ratio as at December 31, 20×8 -!k"*P
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 8$BZbj%?hx
【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。 ![P1Qvp
以下是未经审计财务报表的部分信息: b<~\IPY
(单位:千元) *O+G}_}
项目 20×8 20×7 M9[Fx=
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营业收入 64 000 48 000 Rku9? zf^
营业成本 54 000 42 000 ehPrxIyC
净利润 30 -20 8S "vRR
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20×8年12月31日 20×7年12月31日 hqmKUlo
存货 16 000 12 000 ~8o's`
流动资产 60 000 50 000 '!I^Lfz-Z
总资产 100 000 90 000 ]4ya$%A
流动负债 20 000 18 000
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总负债 30 000 25 000 m$Lq#R={Z
在审计过程中,约翰发现以下事项: d;daYjOm
(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: TLU^ad#9E
借:银行存款5 820 000 ri<E[8\
财务费用 180 000 4N|^Joi
贷:应收票据6 000 000 9#IKb:9k
(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: _pnJ/YE
借:营业外支出 3 000 000 3i/$YX5@
贷:预计负债 3 000 000 lED-Jo2
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: @2yi%_]h
借:预计负债 3 000 000 JBo/<W#|
贷:银行存款 2 500 000 Py3Xvudv
营业外收入 500 000 mFC0f?nr
要求: {L$ ]NQdz
(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。 .^6"nnfA#
(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: , |,DXw
(a)20×8年存货周转率 n[H3b}
(b)20×8年销售毛利率 C0|<+3uND=
(c)20×8年总资产净利率 !~u;CMR
(d)20×8年12月31日的流动比率 -{dsl|Dl
(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) (,#Rj$W
【答案】 {+_pyL
(1)应选择营业收入作为计算重要性水平的基础。 id="\12Bw
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 *4"s,1?@BG
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Hr |De8#f
销售毛利率=(64000-54000)/64000×100%=15.63% gJ6
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总资产净利率=30/[(100000+90000)/2]=0.03% fgVeB;k|
流动比率=60000/20000=3 S-&[Tp+N
(3) /ldE (!^n
a.应建议做如下审计调整分录: wg\*FfQn
借:应收票据 6 000 000 CZcnX8P'8
贷:短期借款 5 820 000 ^AS*X2y
财务费用 180 000 lS&$86Jo(
b.应建议做如下审计调整分录: cLj@+?/
借:预计负债 3 000 000 L
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贷:营业外支出 500 000 5}@6euT5$
其他应付款 2 500 000 ~( 54-9&