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)。 lVuBo&
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: \2!.
(Expressed in RMB thousands) ScjeAC)
FINANCLAL STATEMENTS ITEMS 'qUM38 s
20×8 T6b~uE
20×7 lN&+<>a
g&S>Wq%L
Sales dt@~8kS
64000 V?Q45t Ae
48000 \!hd|j?&6
tU$n3Bg
Cost of sales
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54000 :@@`N_2?
42000 fWC(L s
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Net profit k( Ik+=u
30 fK ~8h
-20 2}7 _Y6RS*
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2
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December 31, 20×8 +1I7K|M
December 31, 20×7 >0[:uu,'>
TQ:h[6v
Inventory E=8GSl/Jx
16000 KWeE!f 7G
12000 Tay$::V
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Current assets /NjBC[P
60000 U.V/JbXX
50000 g_n_Qlo
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Total assets YcV^Fqi!
100000 =>lX brJ
90000 ?(U;T!n
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Current liabilities bI3GI:hp
20000 %
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18000 j/Y]3RSMp
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6JzC
Total liabilities <7>1Z
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30000 CJh,-w{wJ"
25000 IA&V?{OE@I
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2@?X>,
During the audit, John has the following findings:
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(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: r73W.&
Dr. Cash in Bank RMB 5820000 ji>LBbnHdE
Dr. Financial Expenses RMB 180000 cl1ygpf(
Cr. Notes Receivable RMB 6000000 vE8BB$D
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Cg?Mk6 i
Dr. Non-operating Expenses RMB 3000000 2z"<m2a
Cr. Provisions RMB 3000000 @;KYvDY
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 s
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 6$:Q]zR#'H
Dr. Provisions RMB 3000000 %WKBd\O
Cr. Cash in Bank RMB 2500000 TQKcPVlE
Cr. Non-operating Income RMB 500000 R2?s
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Required: M9o/
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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. YlUh|sK7m
(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: ?<BI)[B
(a)Inventory Turnover Rate in 20×8; bcvm]aPu
(b)Gross Profit Ratio in 20×8; J_7@d]0R
(c)After Tax Return on Total Assets in 20×8; and 1<Mb@t
(d)Current Ratio as at December 31, 20×8 |c8\alw
(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. !;mn]w
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【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。 V_, `?>O
以下是未经审计财务报表的部分信息: Y>/_A%vQU
(单位:千元) AG}j'
项目 20×8 20×7 }aVzr}!
营业收入 64 000 48 000 #"~\/sb
营业成本 54 000 42 000 U?Dr0wD;[
净利润 30 -20 ykJ+LS{+
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20×8年12月31日 20×7年12月31日 )eT>[['fm
存货 16 000 12 000 1fsNQ!vQP
流动资产 60 000 50 000 9B;WjXSe
总资产 100 000 90 000 Z3YKG{g
流动负债 20 000 18 000 &4 KUXn[F
总负债 30 000 25 000 J5F@<vi
在审计过程中,约翰发现以下事项: n{<}<SVY
(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: ZO/Jf Jn~
借:银行存款5 820 000 nA_'jl
财务费用 180 000 n"aF#HR?0d
贷:应收票据6 000 000
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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: $0K@=7ms
借:营业外支出 3 000 000 AD<>
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贷:预计负债 3 000 000 0>BI[x@
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 9XtO#!+48
借:预计负债 3 000 000 W|Sab$h
贷:银行存款 2 500 000 ilVi
营业外收入 500 000 MZX)znO
要求: spm)X-[1
(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。 l1lYb;C
(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: YkMFU'?[
(a)20×8年存货周转率 +D4m@O
(b)20×8年销售毛利率 c1i:m'b_5
(c)20×8年总资产净利率 4U}J?EB?K
(d)20×8年12月31日的流动比率 GVA%iE.
(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) sRZ<c
【答案】 -6I*k |%8T
(1)应选择营业收入作为计算重要性水平的基础。 D&"lu*"tg
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 m:`M&Xs&
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 e(a,nZF.
销售毛利率=(64000-54000)/64000×100%=15.63% |>xuH#Q
总资产净利率=30/[(100000+90000)/2]=0.03% ,D*bLXWh
流动比率=60000/20000=3 >g>r_0.
(3) $\vNS
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a.应建议做如下审计调整分录: zI,Qc60B
借:应收票据 6 000 000 J^7M0A4K
贷:短期借款 5 820 000 EATVce]T
财务费用 180 000 0fBwy/:
b.应建议做如下审计调整分录: VVAc bAGJ
借:预计负债 3 000 000 UP)<(3YA
贷:营业外支出 500 000 w.aEc}@(^
其他应付款 2 500 000 k ZF<~U