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)。 9<KAXr#
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: % LJs
(Expressed in RMB thousands) F&&$Qn_+
FINANCLAL STATEMENTS ITEMS \hB5@e4i2
20×8 TY1I=8
20×7 ;VWAf;U;B
U"Zmv
Sales gG/!,Q.Qh
64000 !Y-98<|b
M
48000 >%wLAS",w
V{JAB]?^
Cost of sales s0PrbL%
_`
54000 JU4qzi
42000 Rz.? i+
]C) 4
Net profit #5f-`~^C{
30 {~F4WjHJp
-20 5-M&5f.
ONe# r
KJ_
uvrB5=u
December 31, 20×8 Dc_yM
December 31, 20×7 3g >B"t
&}A[x1x06)
Inventory }I
:OsA w
16000 d+'p@!W_
12000 cJrmm2.0kD
-?0qf,W.
Current assets (;q;E\Ejq
60000 t2lS
~l)
50000 p>upA)W]
E160A5BTx
Total assets >"C,@cN}B
100000 >k'c'7/
90000 !P-^O
,gS;m
&!'J
Current liabilities s D=n95`v
20000 Cvf[/C+
18000 -:na:Vsi
;A*`e$
Total liabilities 0|a(]a}V*j
30000 *FM Mjz
25000 P
qn@ST
JhLgCnm
og
kD^
During the audit, John has the following findings: uB]b}"+l
(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: #Jw1IcuH
Dr. Cash in Bank RMB 5820000 FAj)OTI2S
Dr. Financial Expenses RMB 180000 RS^lKJ1 U
Cr. Notes Receivable RMB 6000000 W' s
(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: !Ze5)g%H
Dr. Non-operating Expenses RMB 3000000 GgB,tam{p
Cr. Provisions RMB 3000000 (Kv#m
3~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 k<"oiCE
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: H(Z88.OM
Dr. Provisions RMB 3000000 ;NHt7p8SE
Cr. Cash in Bank RMB 2500000 lk( }-
Cr. Non-operating Income RMB 500000 ,.7*Hpa
Required: @CT;g\4
(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. Ipf=ZD
(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: @9lUSk^9
(a)Inventory Turnover Rate in 20×8; +>r/ 0b
(b)Gross Profit Ratio in 20×8; sL\L"rQN6
(c)After Tax Return on Total Assets in 20×8; and 0DJ+I
(d)Current Ratio as at December 31, 20×8 o<|P9#(U"
(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. ?]}8o}G
【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。 LL3#5AA"k|
以下是未经审计财务报表的部分信息: 6e[VgN-s
(单位:千元) J{k79v
项目 20×8 20×7 ;oy-#p>N%
营业收入 64 000 48 000 * iF]n2g:
营业成本 54 000 42 000 \Z+z?K O
净利润 30 -20 JW3B'_0
U4b0*` o
20×8年12月31日 20×7年12月31日 %y@H
h=
存货 16 000 12 000 * /:x sI
流动资产 60 000 50 000 %'X[^W
总资产 100 000 90 000 :R~MO&
流动负债 20 000 18 000 ce7CcHQ?B
总负债 30 000 25 000 Bq$rf < W
在审计过程中,约翰发现以下事项: SN1}xR$
(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: }n4V|f-
借:银行存款5 820 000 23DiW#
o'
财务费用 180 000 _tYx~J2.Q
贷:应收票据6 000 000 :(M(>4t
(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: vy\RcP
借:营业外支出 3 000 000 'coV^~qy
贷:预计负债 3 000 000 4#:W.]U8
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: `wDl<[V
借:预计负债 3 000 000 34Kw!
贷:银行存款 2 500 000 ]hFW73FV
营业外收入 500 000 (adyZ/j
要求: d%V*|0c)
(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。 Z|l
qb=
(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: w tiny,6
(a)20×8年存货周转率 QmCe>+
(b)20×8年销售毛利率 a
0GpfW$t
(c)20×8年总资产净利率 IrqZi1
(d)20×8年12月31日的流动比率 'qOREN
(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) pUV/Ul]
【答案】 4*Hgv:0?kI
(1)应选择营业收入作为计算重要性水平的基础。 4\4FolsK
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 `Ch9~*p
d~JKH&x<
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 JYW)uJ
销售毛利率=(64000-54000)/64000×100%=15.63% /#m=*&!CB
总资产净利率=30/[(100000+90000)/2]=0.03% +O*/"]h
流动比率=60000/20000=3 jhb6T ?}
(3) nv~%#|v_W
a.应建议做如下审计调整分录: {z")7g ]l
借:应收票据 6 000 000 fR*q?,
贷:短期借款 5 820 000 JNJ=e,O,
财务费用 180 000 7aQc=^vaZ
b.应建议做如下审计调整分录: 2C9V|[U,
借:预计负债 3 000 000 Is{KN!Hw
贷:营业外支出 500 000 W8KDX_vGJ
其他应付款 2 500 000 k{Me[B