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)。 ^coj ETOv
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: pf_`{2.\uO
(Expressed in RMB thousands) Sr6?^>A@t
FINANCLAL STATEMENTS ITEMS CDFkH
20×8 uU8L 93
20×7 gL wNHS
jTok1k
Sales ">R`S<W
64000 fR lJ`\ t
48000 CSE!Abg
1h?:gOig
Cost of sales ]Ai!G7s8P
54000 mp0!S
42000 V8z*mnD
|Lz7}g=6
Net profit 3T@`VFbE
30 S)A;!}RK6
-20 bzX/Zts
d%ncI0f`
R
#m1Aa
December 31, 20×8 _jk+$`[9PL
December 31, 20×7 $/P\@|MqYQ
A:,V)
Inventory ?*U:=|
16000 toC|vn&P
12000 ]iiB|xT
hmtDw,j
Current assets ~ZRtNL9
60000 (FNX>2Mv
50000 RS
Vt
c *Pt;m
Total assets 7Y*Q)DDy
100000 Z4PA
dT
90000 a(+u"Kr
z
@|Hx>|p
Current liabilities #0/^v*
20000 6NzS <
18000 vXcgl
m\J"P'=
Total liabilities =&;}#A%m
30000 V4x6,*)e
25000 \&%y4=y<sE
VDPq3`$+v{
coc:$Sr%
During the audit, John has the following findings: ;?!pcv Ui
(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: VV=6v;u`
Dr. Cash in Bank RMB 5820000 Y@V6/D} 1
Dr. Financial Expenses RMB 180000 ${, !L l7)
Cr. Notes Receivable RMB 6000000 W:=CpbwENX
(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: ~2?U
Ev6
Dr. Non-operating Expenses RMB 3000000 %'[ pucEF
Cr. Provisions RMB 3000000 uWerC?da
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 0Ewt
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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: ))#_@CwRr
Dr. Provisions RMB 3000000 yg@}j
Cr. Cash in Bank RMB 2500000 29h_oNO
Cr. Non-operating Income RMB 500000 Zq"wq[GCN
Required: F5f1j]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. ("j*!Dsd
(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: 3})0p
(a)Inventory Turnover Rate in 20×8; 7#iT33(3
(b)Gross Profit Ratio in 20×8; \b|Q `)TK
(c)After Tax Return on Total Assets in 20×8; and .1?7)k
v
(d)Current Ratio as at December 31, 20×8 -;o`(3wZq
(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. ogKd}qTov
【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。 G X>T~i\f8
以下是未经审计财务报表的部分信息: qt#4i.Iu+
(单位:千元) 2HJG
p+H
项目 20×8 20×7 Jl^THoEL
营业收入 64 000 48 000 55|.MXzq
营业成本 54 000 42 000 {Ng HH]]O
净利润 30 -20 .(8eWc YK
G@]|/kN1y
20×8年12月31日 20×7年12月31日 d9uT*5f
存货 16 000 12 000 |m>n4-5QL
流动资产 60 000 50 000 h2Jdcr#@FF
总资产 100 000 90 000 [=I==?2`X
流动负债 20 000 18 000 mnWbV\ VY
总负债 30 000 25 000 vE+OL8 V
在审计过程中,约翰发现以下事项: z[ N_3n
(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: >iB-gj}>X
借:银行存款5 820 000 )v?-[
oR
财务费用 180 000 J*CfG;Y:
贷:应收票据6 000 000 mdD9Q
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(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: >c:- ;( k
借:营业外支出 3 000 000 H>2f M^
贷:预计负债 3 000 000 HxH=~B1"P
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: LC:bHM,e
借:预计负债 3 000 000 s|=.L&"
贷:银行存款 2 500 000 auT$-Ki8
营业外收入 500 000 hFWK^]~ a
要求: lw"5p)aB
(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。 {^n\
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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: }8qsE
(a)20×8年存货周转率 8q&*tpE
(b)20×8年销售毛利率 Z<0+<tt
(c)20×8年总资产净利率 (Eoji7U
(d)20×8年12月31日的流动比率 tpi>$:e
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) PNM
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【答案】 ?*8HZ1m#
(1)应选择营业收入作为计算重要性水平的基础。 !56gJJ-r
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Y4|g^>{<ni
`L=$,7`
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 lhA<wV1-9G
销售毛利率=(64000-54000)/64000×100%=15.63% )vFZl]
总资产净利率=30/[(100000+90000)/2]=0.03% NTtRz(
流动比率=60000/20000=3 a,N?GxK~
(3) `FM^)(wT
a.应建议做如下审计调整分录: VX;tglu2
借:应收票据 6 000 000 r?= 7#/]
贷:短期借款 5 820 000 R'q:Fc
财务费用 180 000 #TX=%x6
b.应建议做如下审计调整分录: kDG'5X;+
借:预计负债 3 000 000 MrA&xM
贷:营业外支出 500 000 W}5 H'D
其他应付款 2 500 000 3yAzt*dZ