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)。 +o K*5 Y
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: -=2V4WU~
(Expressed in RMB thousands) Ime"}*9
FINANCLAL STATEMENTS ITEMS ey`E
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20×8 4
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20×7
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Sales O-n JuZJgX
64000 rs0Wy
48000 n"Wlfd0
|}o3EX
Cost of sales CTQJ=R"
54000 PeJIa
%iE
42000 SL`nt
yXCHBz 6&
Net profit ;eW\41 w
30 |Zdl[|kX
-20 rw[I
oyr-
HnKXO
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December 31, 20×8 A
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December 31, 20×7 a
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Inventory f8)fm2^09
16000 &W*^&0AV
12000 b[ ~-b
=OFx4#6a
Current assets %m-U:H.Vp
60000 6K^O.VoV^J
50000 /Edq[5Ah
kG`&Z
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Total assets H'&[kgnQ@
100000 !1/F71l DX
90000 'i4L.&
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Current liabilities 5 &0qr$
20000 &"^U=f@v
18000 WF<3
7"A@
LHSbc!Y'.
Total liabilities [gj>ey8T
30000 jW>K#vj
25000 a`>H69(bU
6 !wk5#
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During the audit, John has the following findings: }lGui>/D
(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: /dHIm`. Z
Dr. Cash in Bank RMB 5820000 S1U[{R?,
Dr. Financial Expenses RMB 180000 i:1
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Cr. Notes Receivable RMB 6000000 e(Rbq8D
(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: y2=yh30L0E
Dr. Non-operating Expenses RMB 3000000 ]`M2Kwp
Cr. Provisions RMB 3000000 \J;_%-Z
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 MfO:BX@$
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: e0hY
Dr. Provisions RMB 3000000 q}W})
Cr. Cash in Bank RMB 2500000 ;*0?C'
h=
Cr. Non-operating Income RMB 500000 "<LWz&e^^
Required: ri6KD
(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. L+}<gQJ(
(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: Zn[ppsz|
(a)Inventory Turnover Rate in 20×8; <,\U,jU_
(b)Gross Profit Ratio in 20×8; =nqHVRA
(c)After Tax Return on Total Assets in 20×8; and 7mE9Z
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(d)Current Ratio as at December 31, 20×8
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(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. $=) Pky-~
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 KtGbpcS$f
以下是未经审计财务报表的部分信息: Eihn%Esa
(单位:千元) x_r*<?OZ
项目 20×8 20×7 W2'!P
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营业收入 64 000 48 000 K~B
营业成本 54 000 42 000 h`iOs>
净利润 30 -20 ,e$6%R
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20×8年12月31日 20×7年12月31日 ^b.#4i(v
存货 16 000 12 000 4]6-)RHFB
流动资产 60 000 50 000 b
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总资产 100 000 90 000 iu3L9UfL[
流动负债 20 000 18 000 nv\K!wZI=b
总负债 30 000 25 000 [bRE=Zr$Ry
在审计过程中,约翰发现以下事项: ?'_6M4UKa
(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: ;#:AM;
借:银行存款5 820 000 dCeLW
财务费用 180 000 [2h.5.af
贷:应收票据6 000 000 U_l9CZ
(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: vrcIwCa
借:营业外支出 3 000 000 5DVYHN9c|
贷:预计负债 3 000 000 >F s/Wet
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: *if
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借:预计负债 3 000 000 72 |O&`O
贷:银行存款 2 500 000 'C]Yh
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营业外收入 500 000 is~2{:
要求: D:/
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(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。 ZvMU3])u
(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: =E<H_cUS
(a)20×8年存货周转率 :
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(b)20×8年销售毛利率 9g>)7Ne
(c)20×8年总资产净利率 @bJIN]R
(d)20×8年12月31日的流动比率 ? ^W1WEBm
(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) T6QRr}8`/J
【答案】 H2+b3y-1a]
(1)应选择营业收入作为计算重要性水平的基础。 Fk^N7EJ:$
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 W"GW[~
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销售毛利率=(64000-54000)/64000×100%=15.63% *} ?
总资产净利率=30/[(100000+90000)/2]=0.03% Fm,` ]CO
流动比率=60000/20000=3 0Qq<h;8xEc
(3) CS~_>bn
a.应建议做如下审计调整分录: |`t 6lVO,Z
借:应收票据 6 000 000 o+7)cI
贷:短期借款 5 820 000 8'%m!
财务费用 180 000 "r*`*1
b.应建议做如下审计调整分录: @XX
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借:预计负债 3 000 000 OF+4Mq
贷:营业外支出 500 000 sRA2O/yKCE
其他应付款 2 500 000 &T~X`{V]`