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)。 /Ik_U?$*
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: K"Vv=
(Expressed in RMB thousands) c#nFm&}dm
FINANCLAL STATEMENTS ITEMS `;WiTE)&)
20×8 >i~W$;t
20×7 a#FkoA~M
(:2:_FL
Sales mbv\Gn#>
64000 Rct|"k_"Ys
48000 .g D
Wv
W%b<(T;
Cost of sales * X\i=
K!
54000 S6,AY(V
42000 62rTGbDbx
-h^FSW($-R
Net profit LtbL[z>]
30 ZgF-.(GV
-20 E4[
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ZH/^``[.
f 7{E(,
December 31, 20×8 CCfuz &
December 31, 20×7 <(`dU&&%"}
sp0&"&5
Inventory 7!w@u6Q
16000 ^"v~hjM#
12000 (7`goi7M
i;lzFu)G
Current assets A?|KA<&m#u
60000 85$MHod}[,
50000 LP_d}ve
'x<gC"0A
Total assets %75|+((fC
100000 pez*kU+9
90000 o,9E~Q '`{
u$[
'}z0:
Current liabilities mm/U9hbp%
20000 j]rE0Og
18000 SPOg'
ur={+0
y
Total liabilities \D?6_
,O
30000 T[U&Y`3g
25000 w_@NT}
uzG<(Q pu
]8ua>1XS
During the audit, John has the following findings: cf1Ve\(YGI
(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: $5yS`IqS
Dr. Cash in Bank RMB 5820000 [Av87!kJ!X
Dr. Financial Expenses RMB 180000 )XMSQ ="m
Cr. Notes Receivable RMB 6000000 v3[Z]+ ]
(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: 0z&3jWWY@
Dr. Non-operating Expenses RMB 3000000 H&E c*MT
Cr. Provisions RMB 3000000 _7~O>.
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 AOWX=`J8V
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: \hQ[5>
Dr. Provisions RMB 3000000 #
<0%_Ca
Cr. Cash in Bank RMB 2500000 .
l RW
Cr. Non-operating Income RMB 500000 c_}i(H
Q
Required: sn_]7d+Q
(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. 6hXL`A&},
(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: 1lfkb1BM
(a)Inventory Turnover Rate in 20×8; !cE>L~cza
(b)Gross Profit Ratio in 20×8; _ot4HmD
(c)After Tax Return on Total Assets in 20×8; and 6AqHzeh
(d)Current Ratio as at December 31, 20×8 9H2^4D8
(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. r1EccY
【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。 Ge@./SGT
以下是未经审计财务报表的部分信息: mj[PKEdkB
(单位:千元) 1d7oR`qr
项目 20×8 20×7 P.3j |)NW
营业收入 64 000 48 000 %*e6@Hm
营业成本 54 000 42 000 x%B^hH;W
净利润 30 -20 jU)r~QhN
yJWgz`/L
20×8年12月31日 20×7年12月31日 ->6/L)
存货 16 000 12 000 UA>~xJp=
流动资产 60 000 50 000 (
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总资产 100 000 90 000 Vk y~yTL)\
流动负债 20 000 18 000 &BqRyUM$F
总负债 30 000 25 000 M A} =
在审计过程中,约翰发现以下事项: 'I($IM
(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: 3^q,'!PfB
借:银行存款5 820 000 {\ P$5O{%
财务费用 180 000 apF!@O^}y
贷:应收票据6 000 000 C 6Bh[:V&
(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: w3 PE.A"Q
借:营业外支出 3 000 000 LVq3R 8A
贷:预计负债 3 000 000 C&bw1`XJf
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: TOn{o}Y B
借:预计负债 3 000 000 ~1`.iA
贷:银行存款 2 500 000 }Ga@bY6
营业外收入 500 000 rhMsZ={M
要求: ED"@!M`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。 ^HLi1w|
(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: UA!h[+Z
(a)20×8年存货周转率 'j !!h4
(b)20×8年销售毛利率 ]N NLr;p
(c)20×8年总资产净利率 mwZ
esSxB_
(d)20×8年12月31日的流动比率 Kw3fpNd
(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) e-,U@_B
【答案】 q5 I2dNE
(1)应选择营业收入作为计算重要性水平的基础。 S+R<wv,6
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Vs]+MAL
Pg-~^"?y
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 M-K<w(,X
销售毛利率=(64000-54000)/64000×100%=15.63% 'v*
=}k
总资产净利率=30/[(100000+90000)/2]=0.03% }.3F|H
流动比率=60000/20000=3 |0U"#xkf
(3) =8X`QUmT
a.应建议做如下审计调整分录:
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借:应收票据 6 000 000 :J@q
Xa
贷:短期借款 5 820 000 ^uW](2
财务费用 180 000 R<Ojaj=V
b.应建议做如下审计调整分录: CCDoiTu!4
借:预计负债 3 000 000 RU,f|hB4
贷:营业外支出 500 000 Dp6]!;kx
其他应付款 2 500 000 4HVZ;,q