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)。 (TY^
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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: (JF\%Yj/
(Expressed in RMB thousands) *sw$OnVb
FINANCLAL STATEMENTS ITEMS |bBYJ
20×8 IGbQ L
20×7 Zd5frc$
1= <Qnmw
Sales M@gm.)d
64000 kj-Sd^
48000 Y)!5Z.K
S&QZ"4jq
Cost of sales ^c!Hur6)
54000 M"V?fn'
42000 '7E?|B0],
icnp^2P
Net profit a"ht\v}1
30 2} T"|56
-20 43(+3$V M7
$Itehy
3N<FG.6
December 31, 20×8 2pB@qi-]
December 31, 20×7 g@S"!9[;U
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Inventory M/#<=XhA
16000 ,I)/ V>u
12000
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Z$+0gm\Cnw
Current assets ^Ji5)c
60000 %+`$Lb?{
50000 %*Y:Rm'>
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Total assets )WBTqML[
100000 P+oZS
90000 N.3M~0M*
:PjHs Np;^
Current liabilities B'&%EW]
20000 )TV'eq
18000 ^S[Mg6J
jMZ{>
l.v
Total liabilities a[t2TjB
30000 N|8TE7- F|
25000 (u RAK
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XcY|y=W
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During the audit, John has the following findings: 5]gd,&^?>
(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: &{"aD&
Dr. Cash in Bank RMB 5820000 UB=I>
Dr. Financial Expenses RMB 180000 \/'u(|G
Cr. Notes Receivable RMB 6000000 H{9di\xnEm
(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: A-4\;[P\
Dr. Non-operating Expenses RMB 3000000 friNo^v&
Cr. Provisions RMB 3000000 5H>[@_u+:
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Lymy/9
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: nV
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Dr. Provisions RMB 3000000 @-)?2CH[8
Cr. Cash in Bank RMB 2500000 *y
F 9_\n
Cr. Non-operating Income RMB 500000 rFdovfb
Required: \u2p] K>
(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. Ean@GDLz8
(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: t|d9EC]c(
(a)Inventory Turnover Rate in 20×8; mmEr2\L
(b)Gross Profit Ratio in 20×8; `0Qzu\gRb
(c)After Tax Return on Total Assets in 20×8; and 3fM~R+p
(d)Current Ratio as at December 31, 20×8 I=|b3-
(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. V%
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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。 jj.i W@m
以下是未经审计财务报表的部分信息: i,Yv
(单位:千元) b
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项目 20×8 20×7 Pf-k"7y
营业收入 64 000 48 000 iIA&\'|;i
营业成本 54 000 42 000 591Syyy
净利润 30 -20 Mb uD8B
8"Hy'JA$O
20×8年12月31日 20×7年12月31日 >
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存货 16 000 12 000 E"nIC,VZ
流动资产 60 000 50 000 9JpPas$]
总资产 100 000 90 000 CsJw;]dYI
流动负债 20 000 18 000 Ztr,v$
总负债 30 000 25 000 vc5g4ud
在审计过程中,约翰发现以下事项: 9v8{JaI3
(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: M)#aX|%Mh
借:银行存款5 820 000 5iwJdm
财务费用 180 000 g%Sl+gWdJ
贷:应收票据6 000 000 ^#9
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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: 1c8J
yp
借:营业外支出 3 000 000 I_oJx
贷:预计负债 3 000 000 d
b'Jl^
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: HSE9-c=
借:预计负债 3 000 000 LaG./+IP
贷:银行存款 2 500 000 %!mJnc%
营业外收入 500 000 `rN,*kcP
要求: R6r'[-B2
(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。 T'"aStt6
(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: #;#
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(a)20×8年存货周转率 O=?WI
(b)20×8年销售毛利率 d dkh*[
(c)20×8年总资产净利率 q~48lx
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(d)20×8年12月31日的流动比率 2Xys;Dwx
(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)
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【答案】 tXV9+AJ
(1)应选择营业收入作为计算重要性水平的基础。 !ZJ"lm
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 hOx'uO`x(
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 R'`q0MoN1
销售毛利率=(64000-54000)/64000×100%=15.63% *Fi`o_d9[`
总资产净利率=30/[(100000+90000)/2]=0.03% )
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流动比率=60000/20000=3 .DiH)
(3) L<'3O),}
a.应建议做如下审计调整分录: }(4U7Ac
借:应收票据 6 000 000 *7u~`
贷:短期借款 5 820 000 Ne!F
p
财务费用 180 000 F[BJhN*]a
b.应建议做如下审计调整分录:
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借:预计负债 3 000 000 -!f)P=S
贷:营业外支出 500 000 X`JWYb4
其他应付款 2 500 000 BU(:6