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)。 mQEE?/xX;
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: dr3j<D-Q
(Expressed in RMB thousands) .j"iJ/
FINANCLAL STATEMENTS ITEMS =rSJ6'2("
20×8 '5xIisP
20×7 32h}+fd
pG"pvfEl9f
Sales )CgKZ"
64000 W^j;"qj
48000 eS(hLXE!7
cGF_|1`
Cost of sales KnL-qc
54000 4lrF{S8
42000 ='r86vq
A|jmp~@K)+
Net profit -u)f@e
30 r'bctFsD
-20 2J?ON|2M
+xoh=m
E"i<fr
T
December 31, 20×8 WX.6|
December 31, 20×7 p;8I@~dh
9$ GAs
Inventory =NJ:%kvF
16000 scr`] tD
12000 X}j WNN
NsbC0
xLd
Current assets 117`=9F
60000 ~x67v+I
50000 T}fH
jnF-kia
Total assets m@(8-_
100000 *[XVkt`H
90000 ?
2#tIND
&Bn>
YFu
Current liabilities 9gWR djK:
20000 T2EQQFs
18000 UXs=7H".
LYTx8
Total liabilities Cu2eMUGt
30000 %K9pnq/T^
25000 Evjvaa^
1#nR$
]IF
QD
During the audit, John has the following findings: k[_)5@2
(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: [Eq7!_3
Dr. Cash in Bank RMB 5820000 FE'|wf
Dr. Financial Expenses RMB 180000 |4
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Cr. Notes Receivable RMB 6000000 i^<P@ |q
(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: ~Qg:_ @@\
Dr. Non-operating Expenses RMB 3000000 D./!/>@f
Cr. Provisions RMB 3000000 (w1M\yodV
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 fRcs@yZnS
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: yM_ta '^$
Dr. Provisions RMB 3000000 z2.9l?"rfQ
Cr. Cash in Bank RMB 2500000 Ai*R%#
Cr. Non-operating Income RMB 500000 F,hiKq*
Required: 8%+F.r
(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. !'
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(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: ~ShoU
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(a)Inventory Turnover Rate in 20×8; +ConK>;
(b)Gross Profit Ratio in 20×8; yW=I*f
(c)After Tax Return on Total Assets in 20×8; and S*aMUV&
(d)Current Ratio as at December 31, 20×8 ejFGeR
(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. N<d0C
【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。 tVUC@M>'
以下是未经审计财务报表的部分信息: g$^:2MT"aQ
(单位:千元) ~8oti4
项目 20×8 20×7 s%cfJe_k
营业收入 64 000 48 000 (u_?#Pj
X
营业成本 54 000 42 000 #
dA-dN
净利润 30 -20 Z91{*?
)2pOCAjL2
20×8年12月31日 20×7年12月31日 _VjfjA<c8
存货 16 000 12 000 \Fh#CI
流动资产 60 000 50 000 a+-X\qN
总资产 100 000 90 000 v47S9Vm+
流动负债 20 000 18 000 SlaHhq3
总负债 30 000 25 000 {M_*hR;lL
在审计过程中,约翰发现以下事项: Q
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: e>zv+9'Q
借:银行存款5 820 000 a1Kh
财务费用 180 000 nO\c4#ce
贷:应收票据6 000 000 B2kKEMdGg
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 1WP(=7$.
借:营业外支出 3 000 000 -J6G=+s/
贷:预计负债 3 000 000 -%G}T}"_
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: 1(YEOZ
借:预计负债 3 000 000 }G/#Nb)
贷:银行存款 2 500 000 VG=mA4Dd
营业外收入 500 000
t@#l0lu$
要求: Lu][0+-
(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。 &i5MRw_]]
(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: S|K#lL
(a)20×8年存货周转率 rYKGBo8"
(b)20×8年销售毛利率 c/'Cju W
(c)20×8年总资产净利率 yKhN1kY
(d)20×8年12月31日的流动比率 ):L ; P)
(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) .7K<9K +P
【答案】 $sxm MP
(1)应选择营业收入作为计算重要性水平的基础。 2?}5U)Hg
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 RxB9c(s^@
l ~C=yP(~
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 AE@N:a
销售毛利率=(64000-54000)/64000×100%=15.63% uD0<|At/
总资产净利率=30/[(100000+90000)/2]=0.03% dI%#cf1
流动比率=60000/20000=3 xX:N-
(3) HZl//Uq
a.应建议做如下审计调整分录: AzZb0wW6p
借:应收票据 6 000 000 IQ]tcSQl
贷:短期借款 5 820 000 3;'RF#VL
财务费用 180 000 /@O$jlX5I
b.应建议做如下审计调整分录: bm\Zp
借:预计负债 3 000 000 %+bw2;a6
贷:营业外支出 500 000 L5R
Be
其他应付款 2 500 000 \:5M0