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)。 d_9 Cm@
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: k@4N7}
(Expressed in RMB thousands) F%w!I 9
FINANCLAL STATEMENTS ITEMS :u>RyKu|&R
20×8 j4$nr=d.6
20×7 4MgN
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Sales B)0/kY7c
64000 6jq*lnA%
48000 >?$2`I
w1
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Cost of sales Q((&Q?Vi
54000 =7 l
uV_5
42000
r h*F
_.5{vGyxr
Net profit dyQ7@K.E
30 gIB3DuUo
-20 hb`9Vn\
-E
^ja]e%w#
2js/>L0
December 31, 20×8 p{Lrv%-j
December 31, 20×7 & NYaKu,}
wWl?c
Inventory btW#ebm
16000 jSI1tW8
12000 #(^<qr
R{g=
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Current assets A8%
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60000 , $ 7-SN
50000 XZE(& (s
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Total assets TU|#Pz7n-Z
100000 (\6E.Z#
90000 JwG(WLb:
VVJ0?G
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Current liabilities f"Sp.'@
20000 j.=:S;
18000 *AH`ob}
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Total liabilities /YJo"\7
30000 u?,>yf.;s
25000 MJ}{Q1|*
9D3W _eIc
[jgVN w""D
During the audit, John has the following findings: @)pC3Vi^
(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: \K$\-]N+
Dr. Cash in Bank RMB 5820000 [2@:jLth=
Dr. Financial Expenses RMB 180000 ex>7f%\
Cr. Notes Receivable RMB 6000000 R27'00(Z0
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: x^lcT
Dr. Non-operating Expenses RMB 3000000 hz/mNDE]
Cr. Provisions RMB 3000000 S{^x]h|?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 w%L4O;E]*{
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: c.>f,vtcn
Dr. Provisions RMB 3000000 o/-RGLzAo
Cr. Cash in Bank RMB 2500000 j@xIa-{*
Cr. Non-operating Income RMB 500000 ?`RlYu
Required: xp|1yud
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. Xt$qjtVM
(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: 6ALjM-t=V
(a)Inventory Turnover Rate in 20×8; 6u_i>z
(b)Gross Profit Ratio in 20×8; 6,q0F*q
(c)After Tax Return on Total Assets in 20×8; and N@thewt|
(d)Current Ratio as at December 31, 20×8 {
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(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. )@!fLAT
【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。 CR [>5/:M
以下是未经审计财务报表的部分信息: m*
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(单位:千元) :!Ci#[g
项目 20×8 20×7
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营业收入 64 000 48 000 -r*|N.5c
营业成本 54 000 42 000 qc(e3x
净利润 30 -20 N82 6xvA
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20×8年12月31日 20×7年12月31日 V
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存货 16 000 12 000 QGN+f)
流动资产 60 000 50 000 7;Ze>"W>
总资产 100 000 90 000 DN%}OcpZ
流动负债 20 000 18 000 R+!U.:-yz
总负债 30 000 25 000 7rD 8
在审计过程中,约翰发现以下事项: A;8kC}
(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: Q0xGd(\
借:银行存款5 820 000 d>[i*u,]/
财务费用 180 000 0(i3RPIj\
贷:应收票据6 000 000 EMnz;/dMt
(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: (Z<@dkO?)
借:营业外支出 3 000 000 k<*v6
sNs;
贷:预计负债 3 000 000 p@pb[Bx~[
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: 0[UI'2
借:预计负债 3 000 000 C]b:#S ${
贷:银行存款 2 500 000 18X?CoM~
营业外收入 500 000 M"*NV(".g
要求: w6Gez~8
(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。 FWu:5fBZY
(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: Y
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(a)20×8年存货周转率 lL zR5445)
(b)20×8年销售毛利率 "6C
a{n1hk
(c)20×8年总资产净利率 bIm4s
(d)20×8年12月31日的流动比率 T;DKDga
(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\?t^T
【答案】 8s22VL
(1)应选择营业收入作为计算重要性水平的基础。 yr'-;-u
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 }`CF(Do
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 9Qszr=C0
销售毛利率=(64000-54000)/64000×100%=15.63% =x+1A)Q
总资产净利率=30/[(100000+90000)/2]=0.03% NK|U:p2H
流动比率=60000/20000=3 rhLhFN{h
(3) L4^/O29
a.应建议做如下审计调整分录: f\5w@nX
借:应收票据 6 000 000 ]]y>d!
贷:短期借款 5 820 000
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财务费用 180 000 9 ] N{8
b.应建议做如下审计调整分录: @~vg=(ic(
借:预计负债 3 000 000 ,m*HRUY
贷:营业外支出 500 000 ,R=!ts[qi
其他应付款 2 500 000 ^0"^