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)。 _+ >V(,{G
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: I3 YSW
(Expressed in RMB thousands) t]xR`Rr;X
FINANCLAL STATEMENTS ITEMS ,?!MVN-
20×8 ?*cCn-|
20×7 m21H68y
(>gb9n
Sales 'fY29Xr^
64000 MFqb_q+
48000 L"(
{6H
%\!@$]3q
Cost of sales "4.A@XsY
54000 LKst
QP!I
42000 J n'SGR
I %CrsEo
Net profit
'Ge8l%p
30 vP,$S^7$
-20 _] us1
U+VyH4"
Oo
9'
December 31, 20×8 1c4:'0
December 31, 20×7 #m3!U(Og`
~P"o_b6,k
Inventory {G{>Qa|
16000 e,l-}=5*P
12000 x(A6RRh
6e"Lod_ L
Current assets (Z Q?1Qxo
60000 Oki{)Ssy
50000 n"nfEA3{`
B9]bv]
Total assets &,$N|$yK}|
100000 TmJXkR.5
90000 xU
|8.,@
Lg|]|,%e
Current liabilities iXqRX';F'}
20000 S4
s#EDs
18000 l_P90zm39!
K8h\T4
Total liabilities z]!w@:
30000 5)ooE
25000 BVS
SO's
FPu$N d&\
>*$Xbj*
During the audit, John has the following findings: wM!dz&
(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: ~\ v"xV
Dr. Cash in Bank RMB 5820000 '|G8yojz
Dr. Financial Expenses RMB 180000 dyl1~'K^
Cr. Notes Receivable RMB 6000000 STz@^A
(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: 5JS*6|IbD{
Dr. Non-operating Expenses RMB 3000000 ."y tBF
Cr. Provisions RMB 3000000 &@'+h*
b
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 <>V~
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: j k&\{
Dr. Provisions RMB 3000000 J@qLBe(v
Cr. Cash in Bank RMB 2500000 bl#6B.*=
Cr. Non-operating Income RMB 500000 xggF:El3{
Required: $5>m\wrl
(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. 54oJMW9
(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: uS!V_]
(a)Inventory Turnover Rate in 20×8; *O7PH1G
(b)Gross Profit Ratio in 20×8; rnBp2'EM
(c)After Tax Return on Total Assets in 20×8; and ;&MnPFmq
(d)Current Ratio as at December 31, 20×8 KIY9?B=+
(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. 9rT"_d#
【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。 4K,S5^`Gx
以下是未经审计财务报表的部分信息: uYijzHQyD
(单位:千元) qf{HGn_9~1
项目 20×8 20×7 So4#n7
营业收入 64 000 48 000 7yOBxb
营业成本 54 000 42 000 m",G;VN
净利润 30 -20 @?&
i
:bXTV?#0
20×8年12月31日 20×7年12月31日 h7AO5"6
存货 16 000 12 000 i#PR
Tbc
流动资产 60 000 50 000 ]hZk#rp}
总资产 100 000 90 000 %Lq}5zB
流动负债 20 000 18 000 B)
rBM
总负债 30 000 25 000 !p_l(@f
在审计过程中,约翰发现以下事项: \jAI~|3
(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: =>7czw:S1
借:银行存款5 820 000 X7?j90tH
财务费用 180 000 k7M{+X6[
贷:应收票据6 000 000 o5G]|JM_
(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: He&A>bA)z
借:营业外支出 3 000 000 !e('T@^u6u
贷:预计负债 3 000 000 ](`:<>c
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: 4I2#L+W
借:预计负债 3 000 000 P@Vs\wAT
贷:银行存款 2 500 000 zR?1iV.]
营业外收入 500 000
_w
FK+>
要求: 1;v wreJ
(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。 S5~(3I
)v
(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: ACF_;4%&
(a)20×8年存货周转率 6`
3kNk;
(b)20×8年销售毛利率 6mjD@
(c)20×8年总资产净利率 ~e
Uv.I/
(d)20×8年12月31日的流动比率 'Z nJdj
(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) l!ZzJ&
【答案】 !"'@c
(1)应选择营业收入作为计算重要性水平的基础。 K]&GSro
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 lE3&8~2
4}]In/yA
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Z1wfy\9c8
销售毛利率=(64000-54000)/64000×100%=15.63% OOY
drv,
总资产净利率=30/[(100000+90000)/2]=0.03% Z 2lX^z
流动比率=60000/20000=3 @9\E
(3) E cd~H+
a.应建议做如下审计调整分录: !RN9wXS7
借:应收票据 6 000 000 TBgiA}|\D
贷:短期借款 5 820 000 NU[Wj uLG
财务费用 180 000 5"D\n B
%
b.应建议做如下审计调整分录: d/E0opv
借:预计负债 3 000 000 _;-b ZH
贷:营业外支出 500 000 VGOdJ|2]Wr
其他应付款 2 500 000 l
Ng)k1