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)。 7O:g;UI#
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~ezn
(Expressed in RMB thousands) x
P/q[7>#Q
FINANCLAL STATEMENTS ITEMS hRMya#%-
20×8 vPc*x5w-
20×7 ]k'^yc{5
*+nw%gZG
Sales [A~ Hl
64000 ZCViZWo
48000 1b86@f
tY:
Nq*@
Cost of sales
r?!:%L
54000 n oM=8C&U
42000 WIuYSt)h
r-yUWIr
S
Net profit ~X3x-nAt
30 &FuL{YL
-20 Ln
t 1
HUAYtUBH
u0A$}r$L
December 31, 20×8 *C<;yPVc
December 31, 20×7 _ Yc"{d3S
]:b52Z
Inventory ,aa
4Kh
16000 GdY@$&z{i
12000 O6vxp?:^
#9Ect@?N0
Current assets U| VL+9#hd
60000 :0QDV~bs
50000 VBw5[
:`Ut.E~.
Total assets d4*
SfzB
100000 |xg_z&dX
90000 9[;da
AI|+*amTd
Current liabilities &pjj
20000 N-_APWA
18000 0zkMRBe
MtaGv#mJ
Total liabilities (CY D]n
30000 ~LZrhwVj$
25000 MkL2I+*
=&,T@5&-=
vSC1n8 /
During the audit, John has the following findings: Mgi~j.[
(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: 2QM{e!9
Dr. Cash in Bank RMB 5820000 sZT~5c8
Dr. Financial Expenses RMB 180000 @c'iT20
Cr. Notes Receivable RMB 6000000 J-<_e??
(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: K@{0]6
Dr. Non-operating Expenses RMB 3000000 yCav;ZS_
Cr. Provisions RMB 3000000 xr7}@rq"U<
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 BxjSo^n
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: ENIg_s4
Dr. Provisions RMB 3000000 )#cZ&
O
Cr. Cash in Bank RMB 2500000 jC4>%!{m
Cr. Non-operating Income RMB 500000 Nw$OJ9$L>
Required: #v<`|_
(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. pGjwI3_K
(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: X:$vP'B>
(a)Inventory Turnover Rate in 20×8; }7(+#ISK6
(b)Gross Profit Ratio in 20×8; XsQ81j.
(c)After Tax Return on Total Assets in 20×8; and ]% HxzJ
(d)Current Ratio as at December 31, 20×8 ]& ckq
(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. Nr~!5XO
【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。 \)r M C]
以下是未经审计财务报表的部分信息: ?]$<Ufr
(单位:千元) ,;Wm>V)o
项目 20×8 20×7 t(6]j#5
营业收入 64 000 48 000 ]oVP_ &E
营业成本 54 000 42 000 6QCVi
净利润 30 -20 (${ #l
|oLG c!i
20×8年12月31日 20×7年12月31日 boGdZ2$h4
存货 16 000 12 000 G)%V 3h
流动资产 60 000 50 000 ye9GBAj
/
总资产 100 000 90 000 GEF's#YWK
流动负债 20 000 18 000 Eu'E;*-f
总负债 30 000 25 000 q+9->D(6
在审计过程中,约翰发现以下事项: gac31,gH
(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: nPdkvs
借:银行存款5 820 000 $f0u
财务费用 180 000 {)l Zfj}l
贷:应收票据6 000 000 m~AAO{\:b
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: )'T].kWW
借:营业外支出 3 000 000 "Gp Tmu?
贷:预计负债 3 000 000 g:ky;-G8b
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: j \jMN*dmV
借:预计负债 3 000 000 Zf3(!
a[
贷:银行存款 2 500 000 2A;i
营业外收入 500 000 N,-C+r5}<4
要求: ,"is%O.
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 H=C~h\me?
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: dN3^PK
(a)20×8年存货周转率 d{JI]
!
(b)20×8年销售毛利率 ?.Vuet
(c)20×8年总资产净利率
*6` ^8Y\
(d)20×8年12月31日的流动比率 %xCL&}bY
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) m;l[flQ~
【答案】 H\oxj,+N
(1)应选择营业收入作为计算重要性水平的基础。 j0}wv~\
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 5?SE?VC=t
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 )/@KdEA:
销售毛利率=(64000-54000)/64000×100%=15.63% +bLP+]7oZ
总资产净利率=30/[(100000+90000)/2]=0.03% J FnE{
流动比率=60000/20000=3 s 0Uid&qE
(3)
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a.应建议做如下审计调整分录: ,$:u^;V(
借:应收票据 6 000 000 @y7KP$t
贷:短期借款 5 820 000 O=7S=Rm4&
财务费用 180 000 `aAE4Ry?
b.应建议做如下审计调整分录: y,`n9[$K\
借:预计负债 3 000 000 H 4ELIF#@
贷:营业外支出 500 000 F$tzsz,9n
其他应付款 2 500 000 'RKpMdoz