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)。 zK>'tFU
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: (]}x[F9l
(Expressed in RMB thousands) \L9?69B~
FINANCLAL STATEMENTS ITEMS c#n4zdQd]5
20×8 :n+y/6*
20×7
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Sales [/AdeR
64000 yul<n>X|
48000 ycrh5*g
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Cost of sales F8uRT&m B0
54000 6`DwEs?Y{
42000 (RDa,&
d^Zo35X
Net profit B_."?*|w
30 C,|nmlDN
-20 +H
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&?/N}g
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December 31, 20×8 |t&G&)~:
December 31, 20×7 *`+<x
L876$
Inventory L9{mYA]q
16000 yD3bl%uZ
12000 a%Z4_ToLZ
tDC0-N&6S~
Current assets o%V
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60000 Gg=aK~q6
50000 |TB@@ 2Ky&
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Total assets }[>RxHd
100000 3 {NaZIk
90000 ;g:
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lL:KaQ 0E
Current liabilities 6[+\CS7Lt
20000 i7S>RB
18000 nd $H
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Total liabilities WZ^{zFoZ
30000 )myf)"l5
25000 0Y5LDP
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During the audit, John has the following findings: C6K|:IK{
(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: Smq r
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Dr. Cash in Bank RMB 5820000 3)6+1Yc
Dr. Financial Expenses RMB 180000 ki;!WhF~
Cr. Notes Receivable RMB 6000000 Zz"I.$$[M
(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: v2/yw,
Dr. Non-operating Expenses RMB 3000000 ]$m#1Kj
Cr. Provisions RMB 3000000 |
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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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: 'ox0o:
Dr. Provisions RMB 3000000 Mam8\
Cr. Cash in Bank RMB 2500000 p+orBw3
Cr. Non-operating Income RMB 500000 5~@?>)TBv
Required: ;\<""Yj@l
(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. p&i.)/
(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: /C*~/}
(a)Inventory Turnover Rate in 20×8; 0zg 2g!lh
(b)Gross Profit Ratio in 20×8; #d7N| 9_
(c)After Tax Return on Total Assets in 20×8; and -Nsk}Rnk*
(d)Current Ratio as at December 31, 20×8 NFB*1_m
(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. Sp 7u_Pq{
【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。 M:R8<.{
以下是未经审计财务报表的部分信息: fA"<MslKLK
(单位:千元) #,@bxsB
项目 20×8 20×7 Z7JKaP9{:
营业收入 64 000 48 000 f'1(y\_fb
营业成本 54 000 42 000 ctp?y
净利润 30 -20 mbF(tSy
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20×8年12月31日 20×7年12月31日 7sXy`+TZ->
存货 16 000 12 000 D,c!#(v cK
流动资产 60 000 50 000 tS?a){^:c
总资产 100 000 90 000 SXQ@;=]xV
流动负债 20 000 18 000 A[RHw<
总负债 30 000 25 000 p`d
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在审计过程中,约翰发现以下事项: RG&I\DTyt
(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
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借:银行存款5 820 000 Y^
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财务费用 180 000 -7k[Vg?
贷:应收票据6 000 000 y|^EGnaE
(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: ( :
借:营业外支出 3 000 000 (VR"Mi4
贷:预计负债 3 000 000 (@+h5@J[`I
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: w'A tf
借:预计负债 3 000 000 :d.1;st
贷:银行存款 2 500 000 5B1G?`]?
营业外收入 500 000 +fM&su=wl
要求: 2R~6<W+&:>
(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。 %Ys$@dB
(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: uM<|@`&b
(a)20×8年存货周转率 RL6Vkd?
(b)20×8年销售毛利率 Nu@5 kwH
(c)20×8年总资产净利率 u+m4!`
(d)20×8年12月31日的流动比率 C)OG62
(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) b6|Z"{TI
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【答案】 'fIHUw|
(1)应选择营业收入作为计算重要性水平的基础。 [q1Unm
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 R<|ejw
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 fe|g3>/|
销售毛利率=(64000-54000)/64000×100%=15.63% \^9pW 2v
总资产净利率=30/[(100000+90000)/2]=0.03% h}h^L+4
流动比率=60000/20000=3 w#&z]O9r
(3)
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a.应建议做如下审计调整分录: ur6e&bTp
借:应收票据 6 000 000 '99@=3AB:`
贷:短期借款 5 820 000 \QGa4_#
财务费用 180 000 W"Z#Fs{n8
b.应建议做如下审计调整分录: .Rvf/-e
借:预计负债 3 000 000 *<IR9.~{6%
贷:营业外支出 500 000 @TysXx
其他应付款 2 500 000 P[FV2R~