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)。 ,^MW)
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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: Ee t+
(Expressed in RMB thousands) 8w{#R{w
FINANCLAL STATEMENTS ITEMS n:5O9,umZ
20×8 l|@/?GaH
20×7 z;fd#N:
W (=Wg|cr
Sales 6e$sA (a=i
64000 }S~ysQwT
48000 )8 "EI-/.
^D W#
Cost of sales <|KKv5[
54000 %{N$1ht^
42000 (ybtXoQs
,?0-=o
Net profit IyG=
7
30 T3u5al
-20 !7IT~pO`
q
G :jnl
%!ER @&1f&
December 31, 20×8 3<zTkI
December 31, 20×7 -!C
Y,'3
!LHzY(
Inventory a'_MhJ zs
16000 t_dw}I
12000 7"a`-]Ap
WTV3p,;6a
Current assets LH3N}J({
60000 ?RRSrr1
50000 *f0.
= ?
ecY ^C3+S
Total assets )}k?r5g
100000 wZ]BY
;
90000 NgE&KPj\
0_,3/EWa
Current liabilities .q_uJ_qu-
20000 RAg|V:/M
18000 Uf7F8JZmM
a O"nD_7
Total liabilities $+lz<~R
30000 [5RFQ!
25000 &{%S0\K Y
e~t}z_>F
5,0wj0l
During the audit, John has the following findings: A1k&`
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(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: DmXDg7y7s
Dr. Cash in Bank RMB 5820000 2vh!pez_
Dr. Financial Expenses RMB 180000 8aZey_Hw;+
Cr. Notes Receivable RMB 6000000 MUCJ/GF*
(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: -KIVnV=&m
Dr. Non-operating Expenses RMB 3000000 9h3~;Q
Cr. Provisions RMB 3000000 h87L8qh9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Zeme`/aBb
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: SQ^^1.V&/Y
Dr. Provisions RMB 3000000 j?f,~Y<k
Cr. Cash in Bank RMB 2500000 ,rH)}C<Q+
Cr. Non-operating Income RMB 500000 +/@ZnE9s
Required: uwH)/BW)[
(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. r.a9W?(E
(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: ^7~SS2t!
(a)Inventory Turnover Rate in 20×8; WB=<W#?w7%
(b)Gross Profit Ratio in 20×8; vHI"C %
(c)After Tax Return on Total Assets in 20×8; and TN |{P
(d)Current Ratio as at December 31, 20×8 g<hv7?"[
(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. bn*{*=(|
【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。 e&H<lT
以下是未经审计财务报表的部分信息: 1VjeP
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(单位:千元) "#\bQf}
项目 20×8 20×7 ^+-L;XkeY
营业收入 64 000 48 000 2W"cTm
营业成本 54 000 42 000 OO !S
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净利润 30 -20 d,oOn.n&
rd"]@~v1
20×8年12月31日 20×7年12月31日 <_sT]?N#
存货 16 000 12 000 :i,c<k
流动资产 60 000 50 000 4M0v1`k
总资产 100 000 90 000 OuBMVn
流动负债 20 000 18 000 Yyo9{4v+p{
总负债 30 000 25 000 ]:E! i^C`Z
在审计过程中,约翰发现以下事项: {Jw<<<G
(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: d'AviW>
借:银行存款5 820 000 #H|j-RM2
财务费用 180 000 YW$x:
贷:应收票据6 000 000 B1d%#
(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: jzJ1+/
9
借:营业外支出 3 000 000 ZTBFV/{
贷:预计负债 3 000 000 y`B!6p
5j
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: Z'EO
借:预计负债 3 000 000
+sR *d
贷:银行存款 2 500 000 vZ nO
营业外收入 500 000 L1Cn
要求: t~<-4N$(
(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。 p\]LEP\z,
(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: h[`Op#^x3
(a)20×8年存货周转率 !iitx U
(b)20×8年销售毛利率 h-_0 A]
(c)20×8年总资产净利率 aD/,c1
(d)20×8年12月31日的流动比率 {ZsWZJ!
(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) aji~brq
【答案】 S~a:1
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(1)应选择营业收入作为计算重要性水平的基础。 ^$Eiz.
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 PM@s}(
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 KEVy%AP=*h
销售毛利率=(64000-54000)/64000×100%=15.63% kG;\
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总资产净利率=30/[(100000+90000)/2]=0.03% J|2Hqd
流动比率=60000/20000=3 <j8&u/Za~'
(3) ETWmeMN
a.应建议做如下审计调整分录: dI0>m:RBz
借:应收票据 6 000 000 ,md7.z]U~
贷:短期借款 5 820 000 u&d v[
财务费用 180 000 \I,Dje/:w
b.应建议做如下审计调整分录: ;AL@<,8
借:预计负债 3 000 000 CTbhwY(/
贷:营业外支出 500 000 (+Kof
其他应付款 2 500 000 2wuW5H8w{