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)。 *YYm;J'
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: /O+,vRw\A
(Expressed in RMB thousands) Z&YW9de@
FINANCLAL STATEMENTS ITEMS 4R@3jGXb8q
20×8 7+=fD|Cl
20×7
Q+gQ"l,95
'Aai.PE:
Sales #O qfyY!
64000 HBeOK
48000
>Xh9{/o
3-srt^>w*
Cost of sales 7>v1w:cC]
54000 aw {?UvL&
42000 z1_\P) M
or>5a9pj
Net profit MHk\y2`/;
30 pzH N:9r
-20 4w\cS&X~C
^HQg$}=
mRFcZ.7
December 31, 20×8 }n oI2.-#
December 31, 20×7 M+9G^o)u
z^O>'9#
Inventory m^% [
16000 #GY;.,
12000 O8r9&Nv
u.
gnvdU
Current assets kuqf(
60000 PJsiT4<
50000 {w1sv=$+
:dLfM)8}
Total assets 6m|j "m
100000
]8<;,}#
90000 1|Us"GQ(n
98x]x:mgI_
Current liabilities b<~\IPY
20000 Ir }r98lz
18000 M9[Fx=
qY
Rku9? zf^
Total liabilities ehPrxIyC
30000 8S "vRR
25000 Re0ma%~LP
udMDE=1~L
~8o's`
During the audit, John has the following findings: '!I^Lfz-Z
(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: ]4ya$%A
Dr. Cash in Bank RMB 5820000 d:|X|0#\uH
Dr. Financial Expenses RMB 180000 6V
KsX+sd
Cr. Notes Receivable RMB 6000000 KW
]/u
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: TLU^ad#9E
Dr. Non-operating Expenses RMB 3000000 k,LeBCqGcb
Cr. Provisions RMB 3000000 4N|^Joi
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 9#IKb:9k
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: Y.$'<1
Dr. Provisions RMB 3000000 q["CT&0
Cr. Cash in Bank RMB 2500000 Pq ZMuUd
Cr. Non-operating Income RMB 500000 xv4_q-r[
Required: y2bL!Y<s9
(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. mp:%k\cF|
(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: Fc%@
(a)Inventory Turnover Rate in 20×8; wO;\,zU
(b)Gross Profit Ratio in 20×8; T\55uQ
(c)After Tax Return on Total Assets in 20×8; and ] cdKd )
(d)Current Ratio as at December 31, 20×8 K3Zc>QL{
(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. o}C| 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。 tIR"y:U+
以下是未经审计财务报表的部分信息: NguJ[
(单位:千元) (iXo\y`z
项目 20×8 20×7 '8R5?9"
营业收入 64 000 48 000 u=JI 1
营业成本 54 000 42 000 z|;7;TwA
净利润 30 -20 `j{q$Y=AG
k>I[U}h
20×8年12月31日 20×7年12月31日 {{7%z4l
存货 16 000 12 000 D<
B/oSy
流动资产 60 000 50 000 q-P$ \":
总资产 100 000 90 000 dq
}60
流动负债 20 000 18 000 $@<qaR{t \
总负债 30 000 25 000 9
tvLj5~
在审计过程中,约翰发现以下事项: ua#sW
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: #05#@v8.f
借:银行存款5 820 000 :_E
q(r
财务费用 180 000 _C$
JO
贷:应收票据6 000 000 k\W%^Z
(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:
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借:营业外支出 3 000 000 @AYO )Y8
贷:预计负债 3 000 000 &(UVS0=Dp,
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: eY^;L_7}p
借:预计负债 3 000 000 $R4[TQY).!
贷:银行存款 2 500 000 `!rH0]vy
营业外收入 500 000 RG1~)5AL~Y
要求: b0|q@!z>
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 `@eo <6
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Ch8w_Jf1yx
(a)20×8年存货周转率 m22M[L(q
(b)20×8年销售毛利率 ^_BHgbS%;
(c)20×8年总资产净利率 @|! 9~F
(d)20×8年12月31日的流动比率 STmn%&
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) {-;lcO D
【答案】 H-$ )@
(1)应选择营业收入作为计算重要性水平的基础。 chv0\k"'
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 S(<r-bV<
s\A"B#9r
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 b<o Uy
销售毛利率=(64000-54000)/64000×100%=15.63% gU1E6V-Jm
总资产净利率=30/[(100000+90000)/2]=0.03% o%_MTCANy
流动比率=60000/20000=3 __<