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)。 G&DL)ePu]m
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: y5!fbmf
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS t Urwg
20×8 [W*xPXr*
20×7 zEJZ, <
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Sales 9|K3xH
64000 4\rw JD<
48000 \|wUxijJ*,
p2)563#RS
Cost of sales /t$J<bU
54000 ),%(A~\
42000 }iBFo\vU
!J/fJW>m6
Net profit 3{/Y&/\"'^
30 c
0/vB
-20 #y2IHO-
W6y-~
qTV;L-
December 31, 20×8 ] l@Mo7|w
December 31, 20×7 wusj;v4C4M
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Inventory V
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16000 x<lY&KQ0
12000 EsK.g/d
J =j6rD
Current assets +C8yzMN\
60000 wiE'6CM
50000 %j7HIxZh
L2$`S'U W
Total assets Zk .V
100000 +jifbf-
90000 m&&Y=2
$eQf 5)5
Current liabilities grWmF3c#
20000 :IB@@5r1
18000 f*tKj.P
;+6TZqklQ
Total liabilities u.~`/O
30000 MjrI0@R
25000 R8(Bt73
uNoP8U%*
iI
4XM>`a
During the audit, John has the following findings: )u67=0s2i+
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: TTQ(\l4
Dr. Cash in Bank RMB 5820000 Lo-\;%y
Dr. Financial Expenses RMB 180000 \:[J-ySJ
Cr. Notes Receivable RMB 6000000 >v9@p7Dn
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 6%Ws>H4@|
Dr. Non-operating Expenses RMB 3000000 !L|PDGD
Cr. Provisions RMB 3000000 I4RUXi 5
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 fx#Krr@
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: {S*:pG:+q
Dr. Provisions RMB 3000000 '}pe$=
Cr. Cash in Bank RMB 2500000 nbf w7u
Cr. Non-operating Income RMB 500000 6:$+"@ps
Required: E2%{?o
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. sQ05wAv
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: =E~)svl6g
(a)Inventory Turnover Rate in 20×8; 5
<=ktA48[
(b)Gross Profit Ratio in 20×8; bayDdR4T
(c)After Tax Return on Total Assets in 20×8; and IJ zPWs5W:
(d)Current Ratio as at December 31, 20×8 [:Y`^iR.
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. Dc;zgLLL
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 g$a
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以下是未经审计财务报表的部分信息: >/eV4ma"
(单位:千元) )&$p?kF
项目 20×8 20×7 ?$Tp|<tx#
营业收入 64 000 48 000 bxFDB^
营业成本 54 000 42 000 -NuRf#
净利润 30 -20 UL
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20×8年12月31日 20×7年12月31日 eJ2$DgB}t
存货 16 000 12 000 3`3`iN!8\@
流动资产 60 000 50 000 9%MHIY5
总资产 100 000 90 000 UP?]5x>
流动负债 20 000 18 000 $
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总负债 30 000 25 000 /~nPPC
在审计过程中,约翰发现以下事项: ?jy6%Y#,i
(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: XeRbn
借:银行存款5 820 000 ![}q9aeT
财务费用 180 000 %hO/2u
贷:应收票据6 000 000 p^/6Rb"e
(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: ;VlA~tv
借:营业外支出 3 000 000 jJU9~5i?
贷:预计负债 3 000 000 stcbM
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: w>6~
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借:预计负债 3 000 000 klON6<w
贷:银行存款 2 500 000 R[Y{pT,AY
营业外收入 500 000 [t.x cO
要求: 4y$tp18
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 E>2~cC*
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: T#:n7$M|?A
(a)20×8年存货周转率 5$;#=WAY
(b)20×8年销售毛利率 EKTn$k=
(c)20×8年总资产净利率 N sNk
(d)20×8年12月31日的流动比率 W]l&mr
(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) pipO,n
【答案】 C_q@ixF{
(1)应选择营业收入作为计算重要性水平的基础。 -Uu65m~:{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。 Qe,aIh
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ,4`=gKn
销售毛利率=(64000-54000)/64000×100%=15.63% mO|YX/>
总资产净利率=30/[(100000+90000)/2]=0.03% hantGw|
流动比率=60000/20000=3 :i8B'|DN5
(3) LRa^x44
a.应建议做如下审计调整分录: Bk)*Z/1<x
借:应收票据 6 000 000 ,'0Zd(s
贷:短期借款 5 820 000 2zQ62t}
财务费用 180 000
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b.应建议做如下审计调整分录: <1xs
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借:预计负债 3 000 000 20Rj
Rd
贷:营业外支出 500 000 LH_rc
其他应付款 2 500 000 U 4Sxr