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)。 4issj$
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: #/{3qPN?@
(Expressed in RMB thousands) -!}3bl*(7
FINANCLAL STATEMENTS ITEMS z"Mk(d@-E
20×8 ;; ;=)'o
20×7 lc3Gu78 A/
$m A2AI
Sales aemi;61T\
64000 ck\W'Y*Q7
48000 d</F6aM\
dFyGI?
Cost of sales p}<60O"r$
54000 ~S\> F\v6'
42000 W#=,FZT
7*"Jx}eM
Net profit
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30 {Ay dt8
-20 x0WinLQ
3&nN;4~Zx6
um}q @BU
December 31, 20×8 2TNK
December 31, 20×7 C511hbF
)Yv=:+f
Inventory -$DfnAh
16000 ,[)l>!0\H
12000 Id&e'
L9lJ4s
Current assets *UJ4\
60000 v?Utz~lQ
50000 f 9Kt>2IN
eLnS1w2
Total assets /;Hr{f jl{
100000 b $JS|
90000 .ESvMK~x
~$J(it-a
Current liabilities 5doi4b>]!
20000 =/`]lY&
18000 y^ |u'XK
QXN_ ?E,g/
Total liabilities WgqSw%:$H
30000 R TpNxr{[
25000 rQyjNh
@OkoT:
E6ZkO/
During the audit, John has the following findings: iER@_?
(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: YWvD+
Dr. Cash in Bank RMB 5820000 kS8?N`2}LV
Dr. Financial Expenses RMB 180000 o~)o/(>ox
Cr. Notes Receivable RMB 6000000 /s}
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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:
X;N?L%Pp
Dr. Non-operating Expenses RMB 3000000 t>/x-{bH\
Cr. Provisions RMB 3000000 pCA`OP);=
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 bWAa:
r
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: 6#!CBY^{
Dr. Provisions RMB 3000000 W(R~K -
Cr. Cash in Bank RMB 2500000 _io'8X2K%
Cr. Non-operating Income RMB 500000 849,1n^
Required: b&mA1w[W]
(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. >ItT269G
(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: b%%r`j,'JE
(a)Inventory Turnover Rate in 20×8; D
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(b)Gross Profit Ratio in 20×8; t15{>>f4>
(c)After Tax Return on Total Assets in 20×8; and UZ2_FP
(d)Current Ratio as at December 31, 20×8 V<J1.8H
(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. f|FS%]fCxk
【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。 ^2nrA pF
以下是未经审计财务报表的部分信息: @,TIw[p
(单位:千元) A*?PH`bY
项目 20×8 20×7 b4i=%]v8
营业收入 64 000 48 000 Q(nTL
WW
营业成本 54 000 42 000 _huJ*W7lR
净利润 30 -20 ZK+F<}
Y?NL|cW4
20×8年12月31日 20×7年12月31日 |HD>m'e
存货 16 000 12 000 1+uZF
流动资产 60 000 50 000 dAx
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总资产 100 000 90 000 ]690ey$E:j
流动负债 20 000 18 000 jez0 A
总负债 30 000 25 000 0Eb4wupo
在审计过程中,约翰发现以下事项: t{jY@JT|
(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: :LY.C<8
借:银行存款5 820 000 >5Yn`Fc5
财务费用 180 000 f7~dn#<@
贷:应收票据6 000 000 LSou]{R
(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: \ +%~7Bi]z
借:营业外支出 3 000 000 =JIceLL
贷:预计负债 3 000 000 ;v@ G
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: tfGs|x
借:预计负债 3 000 000 5 ix*wu`,
贷:银行存款 2 500 000 ,%*UF6B
M
营业外收入 500 000 eV|N@
要求: ZyUcL_
(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。 'Z4}O_5_
(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: UJI2L-;Ul
(a)20×8年存货周转率 >0{}tRm-P&
(b)20×8年销售毛利率 QPDh!A3T
(c)20×8年总资产净利率 ju{Y6XJ)
(d)20×8年12月31日的流动比率 :S0!
(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) ^[xcfTN
【答案】 Z)`)9]*
(1)应选择营业收入作为计算重要性水平的基础。 pY"WW0p"C
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 '6dVe2V
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 8@m$(I+
销售毛利率=(64000-54000)/64000×100%=15.63% 9E2iZt]
总资产净利率=30/[(100000+90000)/2]=0.03% e
c&Y2
流动比率=60000/20000=3 >>P5 4|&
(3) 7EE{*}?0E
a.应建议做如下审计调整分录: u[b |QR=5
借:应收票据 6 000 000 P"_/P8
贷:短期借款 5 820 000 mQ:{>`
财务费用 180 000 {=ox1+d
b.应建议做如下审计调整分录: 0hemXvv1
借:预计负债 3 000 000 nnv|GnQST
贷:营业外支出 500 000 GEWjQ;g
其他应付款 2 500 000 u1%URen[x