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)。 01VEz
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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: #IjG[a-
(Expressed in RMB thousands) r]p
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FINANCLAL STATEMENTS ITEMS =Jd('r
20×8 XS5*=hv:
20×7 )#
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Sales <RfPd+</
64000 1@*qz\ YY
48000 c|8[$_2
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Cost of sales =c
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54000 Fp52|w_
42000 :feU
x#ub % t
Net profit 9Ml^\|
30
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-20 f$vWi&(
x9Veg4Z7
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December 31, 20×8 Gzxq] Mg
December 31, 20×7 eYd6~T[9
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Inventory bi`{ k\3A
16000 UV}\#86!
12000 VPG+]>*
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Current assets es}j6A1
60000 \mRRx#-r%
50000 #-b0U[,.
gFR9!=,/V%
Total assets j
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100000 =\;yxl
90000 "iFA&$\
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Current liabilities HAa
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20000 |_q:0qo
18000 vK\n4mE[,
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Total liabilities ?;1^8 c0
30000 ^fVLM>p <;
25000 >05_#{up
~Q7)6%
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During the audit, John has the following findings: 2
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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: g wM~W
Dr. Cash in Bank RMB 5820000 7O6VnKl
Dr. Financial Expenses RMB 180000 b'\a
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Cr. Notes Receivable RMB 6000000 ^6*LuXPv
(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: T8|aFoHCK
Dr. Non-operating Expenses RMB 3000000 '\yp}r'u
Cr. Provisions RMB 3000000 'Oyx
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 L`E^B
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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: L@> +iZSO
Dr. Provisions RMB 3000000 3m1]Ia-9
Cr. Cash in Bank RMB 2500000 hZ_0lX}
Cr. Non-operating Income RMB 500000 a&yIH;-
Required: |~Q`DdkX
(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. QIl![%
(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: @o&.]FZs
(a)Inventory Turnover Rate in 20×8; ~I^}'^Dbb
(b)Gross Profit Ratio in 20×8; 4
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(c)After Tax Return on Total Assets in 20×8; and P$4h_dw
(d)Current Ratio as at December 31, 20×8 Wl3jbupu _
(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. 9$0-UUCk
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 H`!%"
以下是未经审计财务报表的部分信息: sD V*k4
(单位:千元) yxfV|ox
项目 20×8 20×7 slSQ \;CDA
营业收入 64 000 48 000 z:PH _N~
营业成本 54 000 42 000 0:K4,
净利润 30 -20 s^nPSY!
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20×8年12月31日 20×7年12月31日 cZ$!_30N+
存货 16 000 12 000 EA )28]Y.
流动资产 60 000 50 000 ,BuN]9#
总资产 100 000 90 000 Wj N0KA
流动负债 20 000 18 000 5 fGUJ[F=
总负债 30 000 25 000 pPztUz/.
在审计过程中,约翰发现以下事项: }Ip"j]h
(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: VKa
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借:银行存款5 820 000 [E_+fT
财务费用 180 000 :v/6k
贷:应收票据6 000 000 _E({!t"`
(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: :UuPy|>
借:营业外支出 3 000 000 UloZo?
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贷:预计负债 3 000 000 d\nBc6
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: 6`LC(Nv%-n
借:预计负债 3 000 000 yKR0]6ahA
贷:银行存款 2 500 000 !X 3/2KRP7
营业外收入 500 000 i?^Cc\gH
要求: Rg*zUfu5%o
(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。 t
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(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: )3i}(h0
(a)20×8年存货周转率 M,Y lhL
(b)20×8年销售毛利率 2i);2>HLG
(c)20×8年总资产净利率 =m@5$
(d)20×8年12月31日的流动比率 Q>gU(
(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) \Yv<TzJ9
【答案】 _#c
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(1)应选择营业收入作为计算重要性水平的基础。 q9n0bw^N
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 wE K@B&DV
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 A@/DGrZX
销售毛利率=(64000-54000)/64000×100%=15.63% 4_,l[BhsQG
总资产净利率=30/[(100000+90000)/2]=0.03% l6.#s3I['
流动比率=60000/20000=3 ]Y[8|HJ8
(3) ?
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a.应建议做如下审计调整分录: g%w@v$
借:应收票据 6 000 000 <DS+"#
贷:短期借款 5 820 000 W-Cf#o
财务费用 180 000 #&\hgsw/T
b.应建议做如下审计调整分录: uNLB3Rdy}
借:预计负债 3 000 000 LkFXUt ?
贷:营业外支出 500 000 0D1yG(ck
其他应付款 2 500 000 DI=Nqa)r