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)。 v|';!p|
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: R.9V,R5
(Expressed in RMB thousands) Af(WV>'
FINANCLAL STATEMENTS ITEMS >QkP7Kb
20×8 98XVa\|tl
20×7 Vu8,(A7D%O
#q\x$
Sales %;xOB^H^
64000 C})'\1O%
48000 Wr?'$:
/RnTQ4
Cost of sales yYZxLJ='
54000 OQ&'Dti
42000 ~FU@wV^
LW)H"6v
Net profit Vr.Y/3N&'
30 rf&M!d}!
-20 R:aa+
MX(1
yHo[{,4itA
Xd
`vDgD
December 31, 20×8 %kshQ%P)?
December 31, 20×7 i5}4(sV
0MF}^"R
Inventory -V.d?A4"
16000 r=.A'"Kf
12000 XRN+`J
$FTO
Current assets i yesD
60000 !U%T&?E l
50000 KJn!Ap
a?h*eAAc.
Total assets x Gk6n4Gg
100000 ~Heb1tl;
90000 rh*sbZ68>E
WiL2
Current liabilities "UFs~S|e
20000 Io`P,l:
18000 x3+oAb@o/
g`^X#-!(
Total liabilities &
WOiik
30000 t&q N:
J
25000 2-*V=El
uP $Cj
@D^^_1~
During the audit, John has the following findings: ZFm`UXS
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: B;6]NCxD
Dr. Cash in Bank RMB 5820000 75T_Dx(H
Dr. Financial Expenses RMB 180000 E_z;s3AXQ
Cr. Notes Receivable RMB 6000000 {@Yb%{+
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: DB526O*
[
Dr. Non-operating Expenses RMB 3000000 EI~"L$?
Cr. Provisions RMB 3000000 pW0dB_
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ./vZe_o)j$
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: Vgb *% I
Dr. Provisions RMB 3000000 #hfuH=&oh
Cr. Cash in Bank RMB 2500000 ^[E'1$D
Cr. Non-operating Income RMB 500000 lf<S_2i
Required: +yob)%
(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.
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(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: -Y#sI3o*R8
(a)Inventory Turnover Rate in 20×8; 4BYE1
fUzd
(b)Gross Profit Ratio in 20×8; }T^cEfX
(c)After Tax Return on Total Assets in 20×8; and ]Y>h3T~
(d)Current Ratio as at December 31, 20×8 q#A (gyy
(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. '+>fFM,*B
【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。 =WdaxjenZ/
以下是未经审计财务报表的部分信息: W1Lr_z6
(单位:千元) O%~jop7#6
项目 20×8 20×7 |'ln?D:&
营业收入 64 000 48 000 r[(xjn
营业成本 54 000 42 000 <:FP4e
"(
净利润 30 -20 c\6+=\
X[s8X!#
20×8年12月31日 20×7年12月31日 []R? ViG
存货 16 000 12 000 k#Of]mXXz
流动资产 60 000 50 000 >7`<!YJkK
总资产 100 000 90 000 c
}*2$1
流动负债 20 000 18 000 PP~rn fE
总负债 30 000 25 000 ZoB*0H-
在审计过程中,约翰发现以下事项: 93qwH%
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: p9U?!L!y
借:银行存款5 820 000 Ab%;Z5$fr
财务费用 180 000 /iNa'W5\
贷:应收票据6 000 000 \I-#1M
(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: w@-PqsF
借:营业外支出 3 000 000 -!;l~#K=
贷:预计负债 3 000 000 (6CN/A{qe
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: _Y=2/*y^
借:预计负债 3 000 000 m=AqV:%|
贷:银行存款 2 500 000
t>GfM
营业外收入 500 000 q+KzIde|%
要求: u<q :$
(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。 .x`M<L#M(
(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: Om'+]BBN
(a)20×8年存货周转率 "Td`AuP@,
(b)20×8年销售毛利率 ;4M><OS!
(c)20×8年总资产净利率 K3uG2g(>2
(d)20×8年12月31日的流动比率 -7/s]9o'
(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) pL1Q7&&c0
【答案】 n?\ nn3
(1)应选择营业收入作为计算重要性水平的基础。 ^=n+T7"J
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 `b8v1Os^2
YSJy`
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Iz6y{E
销售毛利率=(64000-54000)/64000×100%=15.63% {e|*01hE
总资产净利率=30/[(100000+90000)/2]=0.03% BR^7_q4q
流动比率=60000/20000=3 A*./,KT
(3) O\K_q7iO6
a.应建议做如下审计调整分录: ml@2wGyf
借:应收票据 6 000 000 j-CnT)W<
贷:短期借款 5 820 000 Tu{
h<Zy
财务费用 180 000 h2ZkCML
b.应建议做如下审计调整分录: mr
m^e9*Z
借:预计负债 3 000 000 DjU9
uZT
贷:营业外支出 500 000 U.AjYez
其他应付款 2 500 000 +(xeT+J