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)。 Og 1-LP|X
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: Jc#D4e1#
(Expressed in RMB thousands) hW#^H5?
FINANCLAL STATEMENTS ITEMS I0+6p8,
20×8 Nm"P8/-09
20×7 01'>[h#_n
6k
t,q0
Sales wyy
1M+
64000 ..JRtuM-v
48000 PLkS-B
w-n}&f
Cost of sales y >=Y
54000 vaB ql(?'2
42000 E]'
f&0s
hWy@?r.
Net profit s`$}xukT
30 Z<;W*6J
-20 +Vk L?J
R,BJr y
Cx2#
0$
December 31, 20×8 $U_(e:m}f
December 31, 20×7 q
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VO0:4{-
Inventory ]Kt@F0U<o
16000 o-=|}u]mz
12000 G!Brt&_'
D|ceZ <9x
Current assets d^=)n-!T
60000 }&vD(hX
50000
JQQ[jl;
_Q1p_sdg
Total assets D"pT?\kO
100000 ?b+Y])SJK
90000 c]{}|2
u
;}E}N:A
Current liabilities xqX3uq
20000 hP)Zm%@0f
18000 ;M.Q=#;E
!i torSl
Total liabilities K
) }1;
30000 6bPxEILm
25000 ZPH_s^
.Exvuo`F
5!?5S$>
During the audit, John has the following findings: BzfR8mD
(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: fn,n'E]
Dr. Cash in Bank RMB 5820000 ],weqs
Dr. Financial Expenses RMB 180000 zp
woK&T+
Cr. Notes Receivable RMB 6000000 A;L
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(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: vL@<l^`$0
Dr. Non-operating Expenses RMB 3000000 gHPJiiCv
Cr. Provisions RMB 3000000 ~LuGfPO^
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 3Z";a
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: W/,bz",v3
Dr. Provisions RMB 3000000 d}Pfj=W
Cr. Cash in Bank RMB 2500000 r,JQR)l0@V
Cr. Non-operating Income RMB 500000 J!l/.:`6
Required: 7GO9z<m)
(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. ;y,g%uqE
(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: G Y%5N= u
(a)Inventory Turnover Rate in 20×8; :XhF:c[.:
(b)Gross Profit Ratio in 20×8; dNgA C){w
(c)After Tax Return on Total Assets in 20×8; and s>/Xb2\
(d)Current Ratio as at December 31, 20×8 yn\c;Z
(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. /F;2wT;
【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。 }>6e-]MHfR
以下是未经审计财务报表的部分信息: lMFo)4&P
(单位:千元) wnC} TWxX
项目 20×8 20×7 U,WMP<5&
营业收入 64 000 48 000 ZR\N~.
营业成本 54 000 42 000 1gV?}'jq
净利润 30 -20 !\7M7
C>Hdp_Lm
20×8年12月31日 20×7年12月31日 h}a}HabA
存货 16 000 12 000 |J!mM<*K
流动资产 60 000 50 000 Zye04&x9k
总资产 100 000 90 000 $0 .6No_|
流动负债 20 000 18 000 )8C`
EPe
总负债 30 000 25 000 8|zavH#P
在审计过程中,约翰发现以下事项: TnN
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: KdkL_GSLT
借:银行存款5 820 000 6B8!}6Ojc
财务费用 180 000 (B4)L%
贷:应收票据6 000 000 IVPN=jg?
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: |~5cNm
借:营业外支出 3 000 000 v)Y)tu>
贷:预计负债 3 000 000 cjL)M=pIS
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: HX2u{2$
借:预计负债 3 000 000 (e'8>Pv
贷:银行存款 2 500 000 D
\i]gfu8W
营业外收入 500 000 mI7lv;oN<5
要求: )G)6D"5,+G
(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。 Vt,"5c
(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:
>*mLbp"
(a)20×8年存货周转率 HV6'0_R0
(b)20×8年销售毛利率 _\xd]~ELj
(c)20×8年总资产净利率 %g&i.2v
(d)20×8年12月31日的流动比率 QI2T G,
(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) IC7S
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【答案】 AfW9;{j&I
(1)应选择营业收入作为计算重要性水平的基础。 9L
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 x-{awP
Ijj]_V{,
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 nK9A=H'Hc
销售毛利率=(64000-54000)/64000×100%=15.63% S}*%l)vfR
总资产净利率=30/[(100000+90000)/2]=0.03% %sLij*
流动比率=60000/20000=3 lTv_%hUp
(3) rj].bGQ,+
a.应建议做如下审计调整分录: d6k`=Hlg
借:应收票据 6 000 000 M e
贷:短期借款 5 820 000 Dy@f21+
财务费用 180 000 V<!E9/4rS
b.应建议做如下审计调整分录: =w!14@W
借:预计负债 3 000 000 az]S&\i7T
贷:营业外支出 500 000 Ls^$E
其他应付款 2 500 000 ~?{"H<