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)。 \aSP7DzqQ
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: IQqUFP$8g
(Expressed in RMB thousands) LI,wSTVjC
FINANCLAL STATEMENTS ITEMS $b8[/],
20×8 fk*(8@u>
20×7 6<&~R3dQ
mV0,T*}e
Sales 7FX4|]
64000 g 9,"u_
48000 j^G=9r[,
g*k)ws
Cost of sales WfPb7T
54000 3%vXB=>T!
42000 1tuvJ+`{
Q14zc0N
Net profit ^[<BMk
30 W"\~O"a
-20 c*KE3:
?v^NimcZ
$8^Hkxy
December 31, 20×8 9A|A@E#
December 31, 20×7 -CPtYG[s
--h\tj\U
Inventory Yf0 KG
16000 )O'LE&kQ|
12000
z/t|'8f
I0XJ&P%
Current assets dT|XcVKg
60000 x $uhkP
50000 <4r8H-(%
J4bP(=w!
Total assets s'HsLe0|
100000 Emlj,c<?
j
90000 @3`5(xwzm
zlMh^+rMX
Current liabilities P&`%VW3E
20000 Ny^ 1#R
18000 xHgC':l(0
tYA@J[" ^
Total liabilities "i&)+dr-
30000 }`R,C~-|^
25000 j6%W+;{/pj
TY8gB!^
D
e&,^"%
During the audit, John has the following findings: d4o
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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: zx@!8Z
Dr. Cash in Bank RMB 5820000 <83Ky;ry
Dr. Financial Expenses RMB 180000 fPeS;
Cr. Notes Receivable RMB 6000000 ?
AfThJc
(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: O_QDjxj^rZ
Dr. Non-operating Expenses RMB 3000000 <4rnOQ:
Cr. Provisions RMB 3000000 }`=7%b`-?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ZRMim6a4X
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: xG!~TQ
Dr. Provisions RMB 3000000 v[L+PD
U
Cr. Cash in Bank RMB 2500000 K0w}l" )A
Cr. Non-operating Income RMB 500000 ?Q:SV
xzUd
Required: ERPg TZT
(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. Snr(<u
(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: 1$
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(a)Inventory Turnover Rate in 20×8; ]B>76?2W
(b)Gross Profit Ratio in 20×8; BTAbDyH5
(c)After Tax Return on Total Assets in 20×8; and ^4=#,K
(d)Current Ratio as at December 31, 20×8 yaz6?,)
(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. ns~]a:1yh
【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。 t/ \S9
以下是未经审计财务报表的部分信息: =3-=p&*
(单位:千元) M?l v
项目 20×8 20×7 rHKO13WF
营业收入 64 000 48 000 I\*6
>
营业成本 54 000 42 000 21TR_0g&<
净利润 30 -20 're:_;lG
k^
<]:B
20×8年12月31日 20×7年12月31日 4,y7a=qf3
存货 16 000 12 000 ]>M\|,wh
流动资产 60 000 50 000 etX@z'H
总资产 100 000 90 000 dN5{W0_
流动负债 20 000 18 000 Fk=SkSky
总负债 30 000 25 000 x2v0cR"KL
在审计过程中,约翰发现以下事项: T)P)B6q
(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: T0 K!Msz
借:银行存款5 820 000 y:)^*2GA-B
财务费用 180 000 @)>Z+g
贷:应收票据6 000 000 |_?e.}K
(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: vW?\bH7}I
借:营业外支出 3 000 000 0+SDFh
贷:预计负债 3 000 000 PC9,;T&7_
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: QIiy\E%
借:预计负债 3 000 000 )Qb,zS6
贷:银行存款 2 500 000 ?tYZ/
营业外收入 500 000 MtkU]XKGT
要求: X['9;1Xr
(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。 SfS3}Tn[
(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: o2
ng
(a)20×8年存货周转率 8 m"k3:e^
(b)20×8年销售毛利率 1(DiV#epG
(c)20×8年总资产净利率 ;VE y{%nF
(d)20×8年12月31日的流动比率 HAjl[c
(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) )-
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【答案】 M
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(1)应选择营业收入作为计算重要性水平的基础。 d?7?tL2
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 +vkmS
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 JmCMFqB9
销售毛利率=(64000-54000)/64000×100%=15.63% sZrVANyqb
总资产净利率=30/[(100000+90000)/2]=0.03% tA#Pc6zBuC
流动比率=60000/20000=3 <>6j>w_|
(3) g-qXS]y7
a.应建议做如下审计调整分录: =zFROB\
借:应收票据 6 000 000 f\_RW;y|m
贷:短期借款 5 820 000 .D W>c
}1
财务费用 180 000 R!dC20IMvH
b.应建议做如下审计调整分录: )R7Sh51P
借:预计负债 3 000 000 ! AwMD
贷:营业外支出 500 000 D[+LU(
其他应付款 2 500 000 `#$}P;W