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)。 G>>`j2:y
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: 3Y
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(Expressed in RMB thousands) ? 0}M'L
FINANCLAL STATEMENTS ITEMS 4dB6
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20×8 Ji#"PE/Pt
20×7 Zs(I]^w;d
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Sales 4F-r }Fj3
64000 (
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48000 kPt] [1jo
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Cost of sales :FUefW m
54000 |UGmIm%
42000 L$Uy
Ez= Q{g
Net profit JB_<Haj
30 IQ5H`o?[B
-20 wa#$9p~Q
AB.gVw|
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December 31, 20×8 4)cQU.(*k
December 31, 20×7 NB["U"1[^E
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Inventory ~)ZMGx
16000 7jj.maK
12000 3k#?E]'
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Current assets WT-BHB1
60000 3!&PI
50000 j[^(<R8
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Total assets ^ -*q
100000 xD:t$~
90000 J$]-)`[G&
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Current liabilities *FINNNARB
20000 AM[#AZv
18000 f>*D@TrU
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Total liabilities +
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30000 i42M.M6D $
25000 J'Z!`R|
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During the audit, John has the following findings: B8f
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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: x
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Dr. Cash in Bank RMB 5820000 k3pY3TA@w+
Dr. Financial Expenses RMB 180000 '=M4(h
Cr. Notes Receivable RMB 6000000 i gyTvt!
(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: bv NXA*0
Dr. Non-operating Expenses RMB 3000000 WN5`zD$
Cr. Provisions RMB 3000000 E`"<t:RzF
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 y1oQ4|KSI
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: C1x"q9|\`
Dr. Provisions RMB 3000000 IbC8DDTD
Cr. Cash in Bank RMB 2500000 csEF^T-
Cr. Non-operating Income RMB 500000 BA5b;+o-
Required: *_qW;
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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. L"_
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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: _#jR6g TY
(a)Inventory Turnover Rate in 20×8; K
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(b)Gross Profit Ratio in 20×8; O/?Lk*
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(c)After Tax Return on Total Assets in 20×8; and b3zxiq
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(d)Current Ratio as at December 31, 20×8 !xIK<H{*
(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. r Ljb'\<*
【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。 ".Z1CBM(
以下是未经审计财务报表的部分信息: ;cFlZGw
(单位:千元) T[?toqkD>z
项目 20×8 20×7 (3_m[N\F
营业收入 64 000 48 000 dR^7d _!
营业成本 54 000 42 000 \\Z{[{OZ
净利润 30 -20 -MCDX^>P
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20×8年12月31日 20×7年12月31日 gsSUm f1
存货 16 000 12 000 6]Vf`i
流动资产 60 000 50 000 l2&s4ERqSm
总资产 100 000 90 000 c=^A3[AM
流动负债 20 000 18 000 Xf"B\%,(`
总负债 30 000 25 000 y5p)z"
在审计过程中,约翰发现以下事项: MnQ4,+ji-
(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: wT taj08D
借:银行存款5 820 000 J%:D%=9 )
财务费用 180 000 )6t=Bel
贷:应收票据6 000 000 `veq
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(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: 68!W~%?pR
借:营业外支出 3 000 000 vg.K-"yQW
贷:预计负债 3 000 000 iE}Lw&x
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: [s}nv]
借:预计负债 3 000 000 19g-#H!
贷:银行存款 2 500 000 cl'#nLPz;
营业外收入 500 000 =B/Ac0Y
要求: Y*KP1=Md
(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。 b:c$EPK
(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: CY4ntd4M
(a)20×8年存货周转率 ]y**ZFA
(b)20×8年销售毛利率
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(c)20×8年总资产净利率 ZQVr]/W^r
(d)20×8年12月31日的流动比率 FEF $4)ROv
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 2`]`nTz,
【答案】 i'\7P-a
(1)应选择营业收入作为计算重要性水平的基础。 FUD
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ^@4$O|3Wh'
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 gQ0W>\xz
销售毛利率=(64000-54000)/64000×100%=15.63% "Q[rM1R
总资产净利率=30/[(100000+90000)/2]=0.03% l)d(N7HME
流动比率=60000/20000=3 K,$
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(3) *%(BE*C}
a.应建议做如下审计调整分录: ?kF_C,k/>N
借:应收票据 6 000 000 PdkS3Hz
贷:短期借款 5 820 000 JtB]EvpL}
财务费用 180 000 G'dN_6ho3
b.应建议做如下审计调整分录: zDD1EycH
借:预计负债 3 000 000 Y~fa=R{W
贷:营业外支出 500 000 H;=JqD8`
其他应付款 2 500 000 v!~ ;QO