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)。 >eRZ+|k?N
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: **.:)
(Expressed in RMB thousands) RA}U#D:$i
FINANCLAL STATEMENTS ITEMS ia_Z\q
20×8 487YaioB$
20×7 E*OG-r
!e&rVoA
Sales rAM*\=
64000
Ny.*G@&
48000 TR~|c|B
xv^Sh}\}
Cost of sales G5Je{N8W
54000 _O"L1Let
42000 Zd8drT'@#
sr
;:Dvx~
Net profit ;*W=c
30 UlnyTz~
-20 8~.iu
Fp
J6eJIKK
kkT3wP
December 31, 20×8 m5)EQE}gPp
December 31, 20×7 >_-!zjO8u
jY rym-
Inventory P87ld._
16000 %)8d{1at
12000 mm_^gQ,`
a#^_"GX
Current assets :G^"e
60000 =E&2 4
50000 $U ~=.!_du
xy$vYDAFw
Total assets @55bE\E?@
100000 &}>|5>cJu
90000 $[j-C9W
(~=Qufy
Current liabilities $<
A8gTJ
20000 #!w:_T%
18000 -Uzc"Lx B
^uC"dfH
Total liabilities ~^^!"-
30000 l?})_1v,R
25000 }PtI0mZ1
uFGv%W
>BJ2v=RA
During the audit, John has the following findings: )\um"l*\c
(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: #D/$6ah~m
Dr. Cash in Bank RMB 5820000 yEE|e>
Dr. Financial Expenses RMB 180000 Z"l`e0{
Cr. Notes Receivable RMB 6000000 01&*`0?
(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: ;n3uV`\
Dr. Non-operating Expenses RMB 3000000 |}M~kJ)
Cr. Provisions RMB 3000000 enPzy:C
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 M7`UoTc+>d
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: X=fPGyhZ
Dr. Provisions RMB 3000000 ;X+G6F'
Cr. Cash in Bank RMB 2500000 g ^D)x[
Cr. Non-operating Income RMB 500000 :X3rd|;kc
Required: :jZ*,d%1={
(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. F(T=WR].o
(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: +i: E
(a)Inventory Turnover Rate in 20×8; ;6DR.2}?>
(b)Gross Profit Ratio in 20×8; ~z\pI|DQ
(c)After Tax Return on Total Assets in 20×8; and 6&g!ZE'G
(d)Current Ratio as at December 31, 20×8 K~7'@\2
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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.
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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。 0|WOReskK
以下是未经审计财务报表的部分信息: OwNA N
(单位:千元) #]?,gwvTf
项目 20×8 20×7 F7k4C2r
营业收入 64 000 48 000 ~J8cS
营业成本 54 000 42 000 B ]|5?QP-
净利润 30 -20 $ka1X&f
>xxXPvM<`
20×8年12月31日 20×7年12月31日 3&.TU5]`-
存货 16 000 12 000 "U/NMGMj
流动资产 60 000 50 000 \_iH4<
#>
总资产 100 000 90 000 OhA^UP01-
流动负债 20 000 18 000 ,gAr|x7_
总负债 30 000 25 000 OlD7-c2L]
在审计过程中,约翰发现以下事项: ,U|u-.~ZU
(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: }0k"SwX
借:银行存款5 820 000 9Q
SUCN_
财务费用 180 000 }M"-5K}
贷:应收票据6 000 000 }e&KO?x+
(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: X}65\6
借:营业外支出 3 000 000 /u
"
cl2|
贷:预计负债 3 000 000 '^P*F9
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: $5 q{vy
借:预计负债 3 000 000
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贷:银行存款 2 500 000 ~Mg8C9B?%3
营业外收入 500 000 u;l6sdo
要求: B}TInI%H
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 dK=D=5r,
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: h=p-0 Mx .
(a)20×8年存货周转率 dpc=yXg>"c
(b)20×8年销售毛利率 EkfGw/WDw
(c)20×8年总资产净利率 ie$fMBIq
(d)20×8年12月31日的流动比率 8KtF<`A)
(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) W#JVU GYD
【答案】 @=aq&gb
(1)应选择营业收入作为计算重要性水平的基础。 ;6\Ski0=l
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 D6pEQdX`
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 z=8_%r
销售毛利率=(64000-54000)/64000×100%=15.63% _If@#WnoyA
总资产净利率=30/[(100000+90000)/2]=0.03% ]aL [
流动比率=60000/20000=3 \8C*O{w
(3) -Z\
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a.应建议做如下审计调整分录: {~B4F}ES
借:应收票据 6 000 000 YA8yMh*4D?
贷:短期借款 5 820 000 a*$1la'Uf
财务费用 180 000 %_i0go,^
b.应建议做如下审计调整分录: epY;1,;>
借:预计负债 3 000 000 HzO0K=Z=R0
贷:营业外支出 500 000 Eb{4.17b
其他应付款 2 500 000 -*]9Ma<wa