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)。 :x,dYJm
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: i
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(Expressed in RMB thousands) /hur6yI8
FINANCLAL STATEMENTS ITEMS DzbcLg%:W
20×8 m2%n:
20×7 T|&u?
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Sales *V_b/Vt
64000 B?db`/G9
48000 )j QrD`
UGxF}Q
Cost of sales >guX,hx^
54000 tl
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42000 ;Kh[6{ W
2K^xN]]rG
Net profit SmS6B5j\R
30 ?AVnv(_
-20 HJ!!"
\=[38?QOY
Mr*CJgy
December 31, 20×8 ]|N"jr?7H
December 31, 20×7 peew<SX
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Inventory kT % m`
16000 pxI[/vS
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12000 _}j6Pw'
?Ld:HE
Current assets 5s%FHa
60000 8PqlbLo1
50000 iOk`_LG#
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Total assets /uPMzl
100000 @nnX{$YX
90000 <O41M\,
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Current liabilities lmIphOUoIw
20000 uG+eF
18000 _dc,}C
^U^K\rq 1u
Total liabilities XM3~]
30000 /VFQbJ+`
25000 kaRjv
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8
/}S/$
During the audit, John has the following findings: 5>:p'zI
(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: ?IDkDv!na~
Dr. Cash in Bank RMB 5820000 ?btX&:j2P
Dr. Financial Expenses RMB 180000 -aDBdZ;y
Cr. Notes Receivable RMB 6000000 ;[7#h8
(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: bv``PSb3
Dr. Non-operating Expenses RMB 3000000 - v=
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Cr. Provisions RMB 3000000 k#2b3}(,
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ?i\$U'2*z3
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:
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Dr. Provisions RMB 3000000 Q@s G6iz
Cr. Cash in Bank RMB 2500000 >`n)-8
Cr. Non-operating Income RMB 500000 _AiGD
Required: aw3rTT(
(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. m~@Lt~LZs
(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: 0Rn`63#
(a)Inventory Turnover Rate in 20×8; m;<5QK8f
(b)Gross Profit Ratio in 20×8; ^C8f(
(c)After Tax Return on Total Assets in 20×8; and RRtOBrIedI
(d)Current Ratio as at December 31, 20×8 kqCUr|M.P
(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. S+pm@~xe
【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。 @ 3b-
以下是未经审计财务报表的部分信息: /pp;3JPf
(单位:千元) [5]*
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项目 20×8 20×7 L @8[.
营业收入 64 000 48 000 !/"y
营业成本 54 000 42 000 WhL"-f
净利润 30 -20 602=qb
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20×8年12月31日 20×7年12月31日 =Q8$O
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存货 16 000 12 000 ,27=i>>
流动资产 60 000 50 000 8yGo\\=T
总资产 100 000 90 000 {z#
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流动负债 20 000 18 000 Z-i$KF
总负债 30 000 25 000 ?nozB|*>ut
在审计过程中,约翰发现以下事项: HmpV;
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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: .
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借:银行存款5 820 000 sv*xO7D
.
财务费用 180 000 rzKn5Z
贷:应收票据6 000 000 l 4cTN
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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: "oCXG`.k&
借:营业外支出 3 000 000 c`V~?]I>
贷:预计负债 3 000 000 (<yQA. M
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: Z15b'^)?9
借:预计负债 3 000 000 \'x?VVw
贷:银行存款 2 500 000 -PHqD
营业外收入 500 000 GV
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要求: WtbOm
(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。 G]I^ zd&P
(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: x{{ZV]
(a)20×8年存货周转率 [u8JqX
(b)20×8年销售毛利率 T( bFn?
(c)20×8年总资产净利率 -KCQ!0\F
(d)20×8年12月31日的流动比率 gd ; e-.
(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) |R>I#NO5
【答案】 M+\LH
(1)应选择营业收入作为计算重要性水平的基础。 o(5
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ,:3Di (
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 SZC1$..2T
销售毛利率=(64000-54000)/64000×100%=15.63% v:Z.8m8D
总资产净利率=30/[(100000+90000)/2]=0.03% 9/50+2F
流动比率=60000/20000=3 N:rnH:g+:
(3) PciiDh~/
a.应建议做如下审计调整分录: +tFl
借:应收票据 6 000 000 M{~KT3c
贷:短期借款 5 820 000 nL*
SNQ_
财务费用 180 000 _qhYG1t
b.应建议做如下审计调整分录: f<( ysl1[
借:预计负债 3 000 000 1)h+xY
贷:营业外支出 500 000 YS&Q4nv-
其他应付款 2 500 000 (~n0,$