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)。 wy yWyf
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: =V-A@_^!c
(Expressed in RMB thousands) mN~ci 0
FINANCLAL STATEMENTS ITEMS Mx&&0#;r
20×8 ,3?Q(=j
20×7 3XL#0\im?s
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Sales 8u"!dq
64000 Z?}dq-
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48000 H+1-] 'g`
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Cost of sales Hx#;Z
54000 `2' #!-
42000 | 1E|hh@k
--PtZ]Z
Net profit {F3xJ[
30 9zZr^{lUl
-20 0F]>Jby
Jzj1w}?H
YX=a#%vrl
December 31, 20×8 B$-R-S6
December 31, 20×7 |L-]fjBbF
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n(B
Inventory 1|RANy
16000 JM=JH
51`
12000 <PapskO>
y603$Cv
Current assets IHe/xQ@
60000 .l>77zM6
50000 %C$%!C
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Total assets d
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100000 .Si,dc\
90000 }lh I\q
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Current liabilities v\!Be[ ?
20000 2r!s*b\Ix
18000 <0H"|:W>I]
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Total liabilities sArhZ
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30000 bu
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25000 /a^1_q-bX
CsTF
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During the audit, John has the following findings: Qy.w=80kf
(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: *+-}P|S:
Dr. Cash in Bank RMB 5820000 i
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Dr. Financial Expenses RMB 180000 Z3{>yYR+
Cr. Notes Receivable RMB 6000000 3{ LP?w:@
(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: Qj,]N@7
Dr. Non-operating Expenses RMB 3000000 Pf|siC^;s~
Cr. Provisions RMB 3000000 L!rw[x
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 t *1u[~=
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: MOsl_^c
Dr. Provisions RMB 3000000 9/hrjItV
Cr. Cash in Bank RMB 2500000 kB/D!1
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Cr. Non-operating Income RMB 500000 9A}# 6
Required: ?**+e%$$
(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. ?*E'^~,H)
(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: dE:+k/
(a)Inventory Turnover Rate in 20×8; y$@ZN~8
(b)Gross Profit Ratio in 20×8; 0}$Hi
(c)After Tax Return on Total Assets in 20×8; and ?%`@ub$
(d)Current Ratio as at December 31, 20×8 '@p['#\uI
(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. VG,u7A*Z#
【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。 c/zJv*}x?
以下是未经审计财务报表的部分信息: ,_yhz0.
(单位:千元) '<rZm=48
项目 20×8 20×7 Rn{iaM2Y<
营业收入 64 000 48 000 _acE
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营业成本 54 000 42 000 HR
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净利润 30 -20 )6+eNsxMlC
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20×8年12月31日 20×7年12月31日 rypTKT|U;
存货 16 000 12 000 /h*>P:i].
流动资产 60 000 50 000 /G5d|P
总资产 100 000 90 000 }&n<uUD H
流动负债 20 000 18 000 et,f_fd7v
总负债 30 000 25 000 %7"X(Ts7B
在审计过程中,约翰发现以下事项: :@ %4
(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: wtc!>
借:银行存款5 820 000 um4yF*3b9
财务费用 180 000 W6"v)Jc>_
贷:应收票据6 000 000 /RHo1
(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: #bl6sa{E
借:营业外支出 3 000 000 dZi(&s
贷:预计负债 3 000 000 c3:,Ab|
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: fRtUvC-#H
借:预计负债 3 000 000 O9EKRt
贷:银行存款 2 500 000 Xb{
[c+.
营业外收入 500 000
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要求: +RnkJ* l
(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。 RA G3o-
(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 9[m6Li
(b)20×8年销售毛利率 7N:Y?Hi\
(c)20×8年总资产净利率 6ek;8dL
(d)20×8年12月31日的流动比率 $:
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(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) ?gJy3@D
【答案】 5dB'&8DX
(1)应选择营业收入作为计算重要性水平的基础。 ai
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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。 G8r``{C!
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 {@tv>!WW
销售毛利率=(64000-54000)/64000×100%=15.63% [k6nW:C
总资产净利率=30/[(100000+90000)/2]=0.03% q|Q k2M
流动比率=60000/20000=3 &_"]5/"(
(3) >B2:kY F
a.应建议做如下审计调整分录: yil[gPy4B
借:应收票据 6 000 000 \/1<E?Q
f
贷:短期借款 5 820 000 \T<$9aNb
财务费用 180 000 VUhbD
b.应建议做如下审计调整分录: [1F*bI
借:预计负债 3 000 000 PB#fP_0C
贷:营业外支出 500 000 6x
Z=^;H
其他应付款 2 500 000 #|*F1K