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)。 KNV$9&Z
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: !d ZHG
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(Expressed in RMB thousands) /0 zk &g
FINANCLAL STATEMENTS ITEMS +_+}^Nf]Y3
20×8 ifuVV Fov
20×7 bY#>
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Sales *F=wMWa
64000 0%vXPlfnY
48000 E_FseR6
<#:"vnm$j
Cost of sales U|,VH-#
54000 <MY_{o8d
42000 (d_{+O"
S53[K/dZo
Net profit KVJiCdg-
30
BVG 3 T
-20 N1_nBQF )
I9_tD@s"(
QGfU:
December 31, 20×8 \s[Uq
December 31, 20×7 1'M<{h<sP
2uz<n}IV
Inventory C5F}*]E[y
16000 V"gnG](2l
12000 Aj-}G^>#
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Current assets x2;92I{5C,
60000 U1dz:OG>
50000 Z|E( !"zE9
zf#V89!]C"
Total assets <Cm:4)~
100000 g {wDI7"<q
90000 $$`}b^, /
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Current liabilities ~,.Agx
20000 T5o9pmD
18000 wC;N*0Th
@r'8<6hVO
Total liabilities ^qGH77#z
30000 \3Ys8umKq
25000 _<&IpT{w+
(V}D
PA
Qr$uFh/y
During the audit, John has the following findings: o1QK@@}
(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: 19h8p>Sx0
Dr. Cash in Bank RMB 5820000 Rax}r
Dr. Financial Expenses RMB 180000 oljl&tuQy
Cr. Notes Receivable RMB 6000000 Q lql(*
(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: yin"+&<T
Dr. Non-operating Expenses RMB 3000000 ++BVn[
1
Cr. Provisions RMB 3000000 gtJUQu p2
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 >i-cR4=LL{
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: $D1Pk
Dr. Provisions RMB 3000000 e$fxC-sZ
Cr. Cash in Bank RMB 2500000 qbpvTTF
Cr. Non-operating Income RMB 500000 1vu=2|QN
Required: lhKd<Y"
(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. OiZPL" Q(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: j'I$F1>Te
(a)Inventory Turnover Rate in 20×8; {])F%Q_#cD
(b)Gross Profit Ratio in 20×8; 3L/>=I{5
(c)After Tax Return on Total Assets in 20×8; and o0_RU<bWN
(d)Current Ratio as at December 31, 20×8 /&Khk #
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. R@u6mMX{N,
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 %BC*h}KGH
以下是未经审计财务报表的部分信息: pu=Q;E_f[
(单位:千元) +(QGlRd
项目 20×8 20×7 M
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营业收入 64 000 48 000 r. =_=V/t
营业成本 54 000 42 000 mM&H;W
净利润 30 -20 V.>'\b/#
s+$l.aIO!
20×8年12月31日 20×7年12月31日 WEZ(4ah
存货 16 000 12 000 1B}6
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流动资产 60 000 50 000 J+kxb"#d
总资产 100 000 90 000 n(0O'nS^
流动负债 20 000 18 000 8J7xs6@
总负债 30 000 25 000
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在审计过程中,约翰发现以下事项: K3M<%
(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: pg ;agtI
借:银行存款5 820 000 g< M\zD
财务费用 180 000 ej]^VS7w[r
贷:应收票据6 000 000 ?S36)oZzg
(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: ke!)C[^7z
借:营业外支出 3 000 000 ZjF$zVk
贷:预计负债 3 000 000 p9y
"0A|
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: HBXp#$dPc
借:预计负债 3 000 000 }b\e2ZK
贷:银行存款 2 500 000 FDkRfh K
营业外收入 500 000 dc|"34;^"
要求: ^8a,gA8.
(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。
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(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: -:h5Ky"
(a)20×8年存货周转率 D: NBb!
(b)20×8年销售毛利率 x;?4A J{
(c)20×8年总资产净利率 uI}S9
(d)20×8年12月31日的流动比率 z;xp1t@
(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) S`)KC-
【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 Kzb&aOw
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 VrD?[&2pE
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 snK$? 9vh
销售毛利率=(64000-54000)/64000×100%=15.63% *RD9gIze
总资产净利率=30/[(100000+90000)/2]=0.03% [-x~Q[
流动比率=60000/20000=3 s7A{<>:
(3) y+)][Wa0
a.应建议做如下审计调整分录: y{0`+/\`
借:应收票据 6 000 000 ?Lbwo<E
贷:短期借款 5 820 000 b'p bf
财务费用 180 000 rbHrG<+7zO
b.应建议做如下审计调整分录: ),(ejRP'r
借:预计负债 3 000 000 f<=
#WV
贷:营业外支出 500 000 gLa#y
其他应付款 2 500 000 q.yS j