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)。
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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: |)
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(Expressed in RMB thousands) 3)__b:7J
FINANCLAL STATEMENTS ITEMS q35%t61Lc
20×8 [@Uc4LX
20×7 kZPj{^c:
[C
P V5\2
Sales Kze\|yJ
64000 BYNOgB1
48000 Zff-H
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Cost of sales G4=%<+
54000 o6Vc}jRH
42000 q+|Dm<Ug
:%!=Ej.J
Net profit #^xiv/sV
30 !\+SE"ml
-20 (O/hu3
|Z#)1K
/`:5#O
December 31, 20×8 |p.mA-81
December 31, 20×7 vnXpC!1
w}oH]jVKL6
Inventory VEE:Z^U!
16000 c>=[|F{{e
12000 EDL<J1%
U%w?muJW
Current assets l$)pCo
60000 {#Mz4s`M
50000 c|96;=z~
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Total assets )]X_')K
100000 .CwMxuW
90000 Il*wV
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Current liabilities n8R{LjJ2@
20000 RHVMlMX
18000 rs 7R5 F
LT:KZ|U9
Total liabilities jc)D*Cf
30000 }g>&l.2X
25000 !oM1
*gVRMSrx4
0dXZd2oK@
During the audit, John has the following findings: +4B>gS[ F
(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: !mq+Oz~
Dr. Cash in Bank RMB 5820000 [A[vR7&S
Dr. Financial Expenses RMB 180000 UO>p-M
Cr. Notes Receivable RMB 6000000 AGPZd9
(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: Y7!,s-v4W
Dr. Non-operating Expenses RMB 3000000 9dSKlB5J
Cr. Provisions RMB 3000000 Rz*%(2Vz
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Ed_A#@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: spd>.Cm`
Dr. Provisions RMB 3000000 d}ue/hdw
Cr. Cash in Bank RMB 2500000 pkBmAJb@
Cr. Non-operating Income RMB 500000 Bam7^g'*!3
Required: IuB0C!'
(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. ^ 8egn|
(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: O8 k$Uc
(a)Inventory Turnover Rate in 20×8;
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(b)Gross Profit Ratio in 20×8; )P\ec
(c)After Tax Return on Total Assets in 20×8; and UT]LF#.(
(d)Current Ratio as at December 31, 20×8 <:>a51HBX
(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. 8;Yx a8i e
【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。 *.W![%Be
以下是未经审计财务报表的部分信息: </qXKEu`_
(单位:千元) VY Va8[}
项目 20×8 20×7 o!\Vk~Vi&
营业收入 64 000 48 000 }|AUV
营业成本 54 000 42 000 H-^>Co_
净利润 30 -20 G#3
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om;jXf}A
20×8年12月31日 20×7年12月31日 cFD(Ap
存货 16 000 12 000 &kYg
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流动资产 60 000 50 000 <EJ}9`t
总资产 100 000 90 000 <_ddGg~
流动负债 20 000 18 000 3QU<vdtr
总负债 30 000 25 000 W[w8@OCNf
在审计过程中,约翰发现以下事项: ^5j9WV
(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: Xxp<qIEm
借:银行存款5 820 000 A;q}SO%b
财务费用 180 000 ]"{K5s7
贷:应收票据6 000 000 Z?CmD;W
(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: ([tbFI}A
借:营业外支出 3 000 000 /<
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贷:预计负债 3 000 000 $(.[b][S
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 9q;+ Al^Z
借:预计负债 3 000 000 JEs?Rm1^.
贷:银行存款 2 500 000 ?_
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营业外收入 500 000 -~]*)&
要求: 7 45Uo'
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 gtVI>D'(W
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: "4oY F:h
(a)20×8年存货周转率 IGOqV>;
(b)20×8年销售毛利率
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(c)20×8年总资产净利率 zD7\Gv
(d)20×8年12月31日的流动比率 I[@}+p0
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) u ; f~
【答案】 a
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(1)应选择营业收入作为计算重要性水平的基础。 ^)D[ W(*
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 v; &-]ka
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 d7N}-nsB
销售毛利率=(64000-54000)/64000×100%=15.63% Y!Wz7
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总资产净利率=30/[(100000+90000)/2]=0.03% aXhgzI5]
流动比率=60000/20000=3 j#Bea ,
(3) ~X*)gS-=
a.应建议做如下审计调整分录: V)f/
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借:应收票据 6 000 000 bL ] *K$
贷:短期借款 5 820 000 <p-R{}8
财务费用 180 000 ^ejU=0+cN
b.应建议做如下审计调整分录: m9a(f >C
借:预计负债 3 000 000 A +
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贷:营业外支出 500 000
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其他应付款 2 500 000 Z Z\,iT