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)。 <Tx C!{<
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: ` X}85
(Expressed in RMB thousands) D$nK`r
FINANCLAL STATEMENTS ITEMS &p"(-
20×8 m:{tgcE
20×7 If'2rE7J
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Sales YKs4{?vw
64000 FT/amCRyT
48000 o~C('1Fdb
<LA^%2jT
Cost of sales VJ{pN ~_1
54000 <4mQ*6
42000 ~m`!;rE
Fe$/t(
Net profit T=
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30 SxMj,u%X/
-20 &U&%ka<*
cwynd=^nC
2c:f<>r0y
December 31, 20×8 \9/1L?@
December 31, 20×7 arh@`'Q
qY# d+F,t
Inventory 4P kfUMX
16000 o4)hxs
12000 7GZq|M_:y
_!AJiP3!)4
Current assets /#t&~E_|
60000 6^YJ] w
50000 ZBc|438[
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Total assets cZQu *K^j
100000 C6@t
90000 +?d} 7zh
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Current liabilities SRz&Nb
20000 Eark)
18000 Vxh.<b6&'
ixw(c&gL
Total liabilities [7W(NeMk
30000 `WlE|
G[
25000 -M61Mw1
?R6`qe_F
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During the audit, John has the following findings: X?dfcS*!n
(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: 3"rkko?A
Dr. Cash in Bank RMB 5820000 ((MLM3zJ
Dr. Financial Expenses RMB 180000 0Nr\2|
Cr. Notes Receivable RMB 6000000 CLK^ gZ
(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: _t-7$d"
Dr. Non-operating Expenses RMB 3000000 c8ZCs?
Cr. Provisions RMB 3000000
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =nhzMU9c\y
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: )HVcG0H1
Dr. Provisions RMB 3000000
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Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 OM!=ViN(=
Required: 6?SFNDQ"C
(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. v0 ];W|
(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: a[C&e,)}
(a)Inventory Turnover Rate in 20×8; E`)Qs[?Gk
(b)Gross Profit Ratio in 20×8; MUcNC\`z
(c)After Tax Return on Total Assets in 20×8; and %f!
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(d)Current Ratio as at December 31, 20×8 <lo`q<q
(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.
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【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。 M#M?1(O/NE
以下是未经审计财务报表的部分信息: )zJ=PF
(单位:千元) 2k+16/T
项目 20×8 20×7 ,-
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营业收入 64 000 48 000 }O*WV 1
营业成本 54 000 42 000 MY F#A
净利润 30 -20 ?,% TU&Yn
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20×8年12月31日 20×7年12月31日 v~5<:0dL
存货 16 000 12 000 yXF|Sqv
流动资产 60 000 50 000 ,F:=(21
总资产 100 000 90 000 V^En8
流动负债 20 000 18 000 KXe
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总负债 30 000 25 000 O5-;I,)H
在审计过程中,约翰发现以下事项:
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(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: *Nlu5(z
借:银行存款5 820 000 Jsn <,4DO8
财务费用 180 000 ;$;rD0i|
贷:应收票据6 000 000 u(hC^T1
(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: a8JN19}D
借:营业外支出 3 000 000 Y/P]5: =h
贷:预计负债 3 000 000 G(\Ckf:
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:
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借:预计负债 3 000 000 z%};X$V`J
贷:银行存款 2 500 000 *V|zx#RN
营业外收入 500 000 @L;C_GEa
要求: J
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(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。 k4R4YI"jV
(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: q6&67u0
(a)20×8年存货周转率 JS7dsO0;
(b)20×8年销售毛利率 ;*QN9T=0
(c)20×8年总资产净利率 /"MJkM.~E
(d)20×8年12月31日的流动比率 h,]+ >`b
(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) A&
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【答案】 P)IjL&[
(1)应选择营业收入作为计算重要性水平的基础。 d*%Mv[X:<