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)。 V4iN
2
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: bvi
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(Expressed in RMB thousands) 624l5}@:
FINANCLAL STATEMENTS ITEMS Iy'a2@
20×8 l.El3+
20×7 ^_n(>$
EK
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Sales U%_B
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64000 VM88#^
48000 J.35Ad1hM
AfB,`l`k
Cost of sales )$XcO]
54000 s
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42000 "KS
zn
a/^ojn
Net profit G*JasHFs
30 PVLLuv
-20
ZuH@qq\
J4"?D9T3G
/'O?
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December 31, 20×8
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December 31, 20×7 [2ez" 4e
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Inventory f:bUM/Ud
16000 bdbTK8-
12000 hR(\ %p
Qv~lH&jG
Current assets &?"E
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60000 [3o^06V8j
50000 m - ]E|
C;>!SRCp
Total assets rK(TekU
100000 ]O]6O%.ao
90000 Nz1u:D]
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Current liabilities 'ioX,KD
20000 @kBy|5
18000 b
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Klrd|;C
Total liabilities NpI "XQ
30000 w]1Ltq*g/
25000 29z$z$l4
5d|hP4fEc
E7mB=bt>=
During the audit, John has the following findings: x`n7D
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ;XagLy
Dr. Cash in Bank RMB 5820000 XN|[8+#U<@
Dr. Financial Expenses RMB 180000 Smg z}
Cr. Notes Receivable RMB 6000000 =/kwUjC?
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: E/Of
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Dr. Non-operating Expenses RMB 3000000 8GlRO4yd
Cr. Provisions RMB 3000000 qg1tDN`s
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 {?X:?M_
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: GBSuTu8
Dr. Provisions RMB 3000000 @}\wec_
Cr. Cash in Bank RMB 2500000 6 H{G$[2
Cr. Non-operating Income RMB 500000 rUn1*KWbE
Required: A9Kt^HR
(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. 0fE?(0pBj
(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: "vvv@sYxi
(a)Inventory Turnover Rate in 20×8; ,B 2p
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(b)Gross Profit Ratio in 20×8; T\v~"pMu*0
(c)After Tax Return on Total Assets in 20×8; and N||a0&&
(d)Current Ratio as at December 31, 20×8 jEMnre3/
(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。 !(A<
以下是未经审计财务报表的部分信息: ?'I-_9u
(单位:千元) !:2_y'hA
项目 20×8 20×7 aO&!Y\=@
营业收入 64 000 48 000 adY ,Nz
营业成本 54 000 42 000 SiLWy=qbR
净利润 30 -20 s.$:.*
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20×8年12月31日 20×7年12月31日 ?+_Y!*J2b
存货 16 000 12 000 WU\Bs2
流动资产 60 000 50 000 >zX`qv&>
总资产 100 000 90 000 <IBWA0A=8a
流动负债 20 000 18 000 Sc14F
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总负债 30 000 25 000 &iO53I^r/
在审计过程中,约翰发现以下事项: y/Ui6D
(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: `|p8zV
借:银行存款5 820 000 \ lW*.<
财务费用 180 000 AGhr(\j
贷:应收票据6 000 000 U _sM==~
(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: kF-7OX0)
借:营业外支出 3 000 000 T&ib]LmR
贷:预计负债 3 000 000 P" aw--f(
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: @HQqHO&N
借:预计负债 3 000 000 !ZS5}/ZU
贷:银行存款 2 500 000 BD2Gv)?g
营业外收入 500 000 +
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要求: |33_="
(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。 K!a7Hg
(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: @yNCWa~N
(a)20×8年存货周转率 q|_Cj]{
(b)20×8年销售毛利率 \*mKctpz]6
(c)20×8年总资产净利率 #X"fm1
(d)20×8年12月31日的流动比率 Pd+Wb3
(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) L"L a|
【答案】 Um!LF"Z
(1)应选择营业收入作为计算重要性水平的基础。 th|'t}bWV
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 k r5'E#
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 [{PmU~RMYf
销售毛利率=(64000-54000)/64000×100%=15.63% Bq~?!~\?.
总资产净利率=30/[(100000+90000)/2]=0.03% nNhb,J
流动比率=60000/20000=3 kS62]v]
(3) ,8.zbr
a.应建议做如下审计调整分录: LG
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借:应收票据 6 000 000 9w
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贷:短期借款 5 820 000 |@rYh-5
财务费用 180 000 ~p { fl?
b.应建议做如下审计调整分录: !JQ'~#jKN
借:预计负债 3 000 000 2,r jy|R`
贷:营业外支出 500 000 7I0K=
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其他应付款 2 500 000 "y-/ 9C