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)。 %u }|4BXoh
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: *pP"u::S
(Expressed in RMB thousands) YN] w_=
FINANCLAL STATEMENTS ITEMS 3DK^S2\zBm
20×8
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20×7 D
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yP0P-8
Sales 3sGrX"0D
64000 wlqV1.K
48000 4 E3@O
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Cost of sales bI[!y#_z4
54000 *p?b "{_a
42000 g|<)J-`Q
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Net profit =\4w" /Y
30 N=D
Ynz_~
-20 7i{Rn K6*
d!8q+FI
+^YV>;
December 31, 20×8 uW>AH@Pij
December 31, 20×7 };9dd3X
Oi
BK
Inventory hD<z^j+
16000 ib
zYY"D:
12000 k6JB%m\E
("/*k
Current assets #a#~YSnG
60000 n_Um)GI>
50000 TG?;o/
j,/o0k,
Total assets ,_NO[+5U
100000 -D:J$d
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90000 EoU}@MjM~
(i *1M
Current liabilities sbK0OA
20000 >qtB27jV
18000 |<y[gj4`T/
/bCrpcH
Total liabilities hN\E8"To
30000 R2]?9\II
25000 F!]UaEmV
]?``*{Zqy
bSz6O/A/
During the audit, John has the following findings: oeIB1DaI
(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: [&NF0c[i
Dr. Cash in Bank RMB 5820000 twgU ru
Dr. Financial Expenses RMB 180000 )W 57n)]
Cr. Notes Receivable RMB 6000000 d0-}Xl
(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: }d.R=A9L
Dr. Non-operating Expenses RMB 3000000 ?9?0M A<[i
Cr. Provisions RMB 3000000 wCmwH=O
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Q]6nW[@j'
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: $Fr2oSTT)
Dr. Provisions RMB 3000000 44%::Oh
Cr. Cash in Bank RMB 2500000 &<_sXHg<x
Cr. Non-operating Income RMB 500000 K?I@'B'
Required: {qLnwy!i
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. Nq*\{rb
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: boN)C?"^h
(a)Inventory Turnover Rate in 20×8; P\2QH@p@t
(b)Gross Profit Ratio in 20×8; [j93Mp
(c)After Tax Return on Total Assets in 20×8; and 2Y
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(d)Current Ratio as at December 31, 20×8 yvH:U5%
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. _|A)ueY
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 k(^zh
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以下是未经审计财务报表的部分信息: TP^.]IO-
(单位:千元) 3N]pN<3@
项目 20×8 20×7 #G*z{BRQ
营业收入 64 000 48 000 7FMHz.ZRE
营业成本 54 000 42 000 i}wu+<Mk
净利润 30 -20 }WCz*v1Wq
1Eg}qU,:
20×8年12月31日 20×7年12月31日 V7lDuiAI
存货 16 000 12 000 i( c2NPbX
流动资产 60 000 50 000 c&0IJ7fZG
总资产 100 000 90 000 3Ji,n;QLm
流动负债 20 000 18 000 ie$=3nZJ}
总负债 30 000 25 000 4&y_+
在审计过程中,约翰发现以下事项: L3<XWpv
(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: x7NxHTL
借:银行存款5 820 000 mDM]RAub)
财务费用 180 000 k*-+@U"+
贷:应收票据6 000 000 }>Os@]*'^(
(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: KO5Q;H
借:营业外支出 3 000 000
Kjf#uU.7
贷:预计负债 3 000 000 ]AHUo;(f%
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: we} sC,
借:预计负债 3 000 000 F5MWxAS,>
贷:银行存款 2 500 000 LG,RF:
营业外收入 500 000 55!9U :{
要求: VWMCbg>R
(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。 Ft>ixn
(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: Zy!\=-dSm
(a)20×8年存货周转率 9s7B1Pf
(b)20×8年销售毛利率 nEGku]pCH{
(c)20×8年总资产净利率 Jx{,x-I
(d)20×8年12月31日的流动比率 G)e 20Mst
(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) ?v")Z0 ~
【答案】 N7;E 2 X
(1)应选择营业收入作为计算重要性水平的基础。 ED$gnFa3I
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 hqBwA1](a
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 { j/w3
销售毛利率=(64000-54000)/64000×100%=15.63% ZR#UoYjupb
总资产净利率=30/[(100000+90000)/2]=0.03%
V!Joh5=a
流动比率=60000/20000=3 f
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(3) ~z
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a.应建议做如下审计调整分录: Jz|(B_U
借:应收票据 6 000 000 QWxQD'L'
贷:短期借款 5 820 000 ~cZ1=,P
财务费用 180 000 J`x9XWYw
b.应建议做如下审计调整分录: X'u`\<&W
借:预计负债 3 000 000 #`W8-w
贷:营业外支出 500 000 +L49
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其他应付款 2 500 000 PAc~p8S