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)。 # WxH
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: n;MoMGnPh,
(Expressed in RMB thousands) d<whb2l
FINANCLAL STATEMENTS ITEMS o;O_N^_W
20×8 %jkd}D
20×7 LR^b?.#>
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Sales )j$Bo{
64000 \/5 8#
48000 rF5<x3
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Cost of sales H'Po
54000 1rN&Y,61\
42000 |.,yM|
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N[V
Net profit !ine|NM
30 Z?b.
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-20 wCdUYgsPT"
JRG7<s$
IXH;QwR:
December 31, 20×8 'Hq}h)`
December 31, 20×7 ZpwB"%e$
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Inventory s0\X%U("
16000 3U}z?gP[
12000 V9MA)If>
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Current assets |GMK@Q'0:
60000 1mB6rp
50000 gU8'7H2
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Total assets .Wr7?'D1M
100000 Sw0~6RZ
90000 *z(.D\{%
HezCRtxRcc
Current liabilities YX~H!6l
20000 D3jP hPy.
18000 "BTA"
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Total liabilities tV<Au
30000 SmRU!C$A
25000 ){6;o&CC:
$[z*MQ
Y H?>2u
During the audit, John has the following findings: d+/d)cu
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: |#S!qnXB
Dr. Cash in Bank RMB 5820000 C[
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Dr. Financial Expenses RMB 180000 ?.4u'Dkn=
Cr. Notes Receivable RMB 6000000 9zX\ioT
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ov|s5yH8e
Dr. Non-operating Expenses RMB 3000000 mxXQBmW
Cr. Provisions RMB 3000000 94n,13
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 'vh:(-
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: NE/3aU
Dr. Provisions RMB 3000000 te:@F]A
Cr. Cash in Bank RMB 2500000 B^KC~W
Cr. Non-operating Income RMB 500000 HC$_p,9OV
Required: H
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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. ."MBKyg6
(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: Q:%gJ6pa
(a)Inventory Turnover Rate in 20×8; }F^c*xt[
(b)Gross Profit Ratio in 20×8; c|I{U[(U
(c)After Tax Return on Total Assets in 20×8; and KC
(d)Current Ratio as at December 31, 20×8 1tD4I
(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. "--rz;+K
【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。
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以下是未经审计财务报表的部分信息: AN^;~m ^
(单位:千元) 9g>ay-W[(
项目 20×8 20×7 Rk"_4zJk
营业收入 64 000 48 000 X3'z'5
营业成本 54 000 42 000 u<):gI
净利润 30 -20 q~a6ES_lA
MF=@PE][
20×8年12月31日 20×7年12月31日 Ii;~ xc
存货 16 000 12 000 ;Ni+TS
流动资产 60 000 50 000 q7X/"Dfx
总资产 100 000 90 000 -N9U lW2S
流动负债 20 000 18 000 Z>o20uA
总负债 30 000 25 000 G`w7dn;&
在审计过程中,约翰发现以下事项: ]x
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(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: zaX30e:R
借:银行存款5 820 000 =7Nm=5@
财务费用 180 000 2<<,aL*
贷:应收票据6 000 000 IspY%UMl
(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: &x\u.wIa
借:营业外支出 3 000 000 k~:B3p
贷:预计负债 3 000 000
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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: rjfQ\W;}U
借:预计负债 3 000 000 '%)7%O,2
贷:银行存款 2 500 000 1 aIJ0#nE
营业外收入 500 000 UiW(/L
要求: , Lhgv1
(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。 MX
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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: +xB!T1pD
(a)20×8年存货周转率 :Bda]]Y=
(b)20×8年销售毛利率 O+c@B}[!
(c)20×8年总资产净利率 wB"&K;t
(d)20×8年12月31日的流动比率 ]"aC
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(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) G{YLyl/9
【答案】 ^-mz!{
(1)应选择营业收入作为计算重要性水平的基础。 8!E$0^)c|
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 par
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ^D"}OQoh
销售毛利率=(64000-54000)/64000×100%=15.63% n
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总资产净利率=30/[(100000+90000)/2]=0.03% <#LHL
流动比率=60000/20000=3 =]&R6P>
(3) A'p"FYlCW
a.应建议做如下审计调整分录: &A]*"lt|w
借:应收票据 6 000 000 ,~%Qu~
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贷:短期借款 5 820 000 I3p ~pt2
财务费用 180 000 [Kx_ %Le
b.应建议做如下审计调整分录: -Z)$].~|t
借:预计负债 3 000 000 3]M
YHb
贷:营业外支出 500 000 GAEz
:
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其他应付款 2 500 000 M"ZP s