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)。 -1,0hmn=+
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: z'
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(Expressed in RMB thousands) tLWw<)t
FINANCLAL STATEMENTS ITEMS X8Q'*
20×8 =&} _bd/]
20×7
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Sales /7 Tm2Vj8
64000 IgG[Pr'D
48000 VFL^-tXnA^
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Cost of sales Ha `N
54000 ^sD
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42000 ^
*"f C
Ctz#9[|
Net profit h<U?WtWT-p
30 &7
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-20 3NtUB;!
b$7]cE
gHLI>ew*QR
December 31, 20×8 Zk%@GOu\
December 31, 20×7 din,yHu~
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Inventory KOS0Du
16000 zHb[.ry~
12000 R
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Current assets ,2nu*+6Y/
60000 YpDJ(61+
50000 G kjfDY:
F'Y ad
Total assets HE,L8
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100000 [j+:2@
90000 T
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Current liabilities dT|f<E/P
20000 LpU}.
18000 k{SGbC1=VK
2'Dl$D
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Total liabilities sgp.;h'
30000 m}uOBR+
25000 G;l7,1;MU:
-
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L/"};VI
During the audit, John has the following findings: l(?B0
(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: (' 5?-
Dr. Cash in Bank RMB 5820000 ep"[;$Eb
Dr. Financial Expenses RMB 180000
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Cr. Notes Receivable RMB 6000000 HY)xT$/J
(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: NUFz'MPv
Dr. Non-operating Expenses RMB 3000000 \X8b!41
Cr. Provisions RMB 3000000 x%}D+2ro-t
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 `I5^zi8
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: }csA|cC
Dr. Provisions RMB 3000000 N'v3
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Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 {cm?Q\DT
Required: j,M$l mR')
(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. uQ5h5Cfz
(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: zqeQ
(a)Inventory Turnover Rate in 20×8; Tc6cBe,
(b)Gross Profit Ratio in 20×8; ?G,4N<]Nu
(c)After Tax Return on Total Assets in 20×8; and !DZ=`a?y
(d)Current Ratio as at December 31, 20×8 1INX#qTZ
(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. _Op%H)
【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。 VsQ|t/|#
以下是未经审计财务报表的部分信息:
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(单位:千元)
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项目 20×8 20×7 j<t3bM-G
营业收入 64 000 48 000 V
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营业成本 54 000 42 000 c{=Sy;i@
净利润 30 -20 "6f`hy
i HD!v7d7
20×8年12月31日 20×7年12月31日 FU3K?A
B
存货 16 000 12 000 P1eSx#3bR
流动资产 60 000 50 000 p;+O/'/j
总资产 100 000 90 000 b(*\4n
流动负债 20 000 18 000 %Rk|B`ST
总负债 30 000 25 000 E\[B E<y
在审计过程中,约翰发现以下事项: \=ML*Gi*
(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: t?GH
V3V
借:银行存款5 820 000 z#tIa
财务费用 180 000 YXA@
c
贷:应收票据6 000 000 {"ST
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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: 0'Pjnk-i
借:营业外支出 3 000 000 U#3N90,N=
贷:预计负债 3 000 000 ]cp b;UfM
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: 'c35%?]
借:预计负债 3 000 000 T2e-RR
贷:银行存款 2 500 000 fkxkf^g)
营业外收入 500 000 46:<[0Psl/
要求: ")Fd'&58
(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。 cbJgeif
(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: PtfG~$h?
(a)20×8年存货周转率 UQl?_[G
(b)20×8年销售毛利率 P<]U
(c)20×8年总资产净利率 ?v2_7x&
(d)20×8年12月31日的流动比率 P7drUiX
(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) @>8(f#S%
【答案】 ?2<)
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(1)应选择营业收入作为计算重要性水平的基础。
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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。 i KSRr#/
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 *qpu!z2m||
销售毛利率=(64000-54000)/64000×100%=15.63% <o(;~
总资产净利率=30/[(100000+90000)/2]=0.03% ]rG=\>U3~
流动比率=60000/20000=3 *rq*li;
(3) (!}N&!t
a.应建议做如下审计调整分录: 7
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借:应收票据 6 000 000 HMq}){=S
贷:短期借款 5 820 000 6<&A}pp
财务费用 180 000 fCY|iO0.t
b.应建议做如下审计调整分录: 'm`O34h
借:预计负债 3 000 000 HWjJ.;k}a
贷:营业外支出 500 000 %K Q1{"
其他应付款 2 500 000 tia}&9;