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)。 k)<~nc-
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: 9Bbm7Gd
(Expressed in RMB thousands) zLJ:U`uh\
FINANCLAL STATEMENTS ITEMS [R@q]S/
20×8 <lg"M;&Ht
20×7 "jkw8UVz
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Sales 0ECO/EuCg
64000 -
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48000 *SMoodFBS
te! ]9rR
Cost of sales Wo1V$[`Dy
54000 /ze_{{o
42000 3:02`;3
%WJ\'@O\
Net profit /
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30 )%H5iSNG$P
-20 os"[Iji
?,+C!R?
&VZmP5Gv
December 31, 20×8 g'd*TBnk
December 31, 20×7 :yFTaniJ'.
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Inventory ~L4*b*W
16000 goBKr: &]w
12000 .SRuyioF&
W?4&lC^G
Current assets
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60000 3^iQe"P%a@
50000 x]my e
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Total assets N('S2yfDR
100000 EP*["fx
90000 8KGv?^M
6W
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Current liabilities J?qcRg
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20000 C[87f-g
18000 TGt1d
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Total liabilities ]y)R C-N
30000 >X\s[d&(
25000 j4
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AT'_0>x8
During the audit, John has the following findings: zDGg\cPj9
(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: 4LB9w21
Dr. Cash in Bank RMB 5820000 B1i!te}*
Dr. Financial Expenses RMB 180000 Mh-*5Rx
Cr. Notes Receivable RMB 6000000 _sf0{/< )
(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: ^%'tD
Dr. Non-operating Expenses RMB 3000000 !Sy'Z6%f
Cr. Provisions RMB 3000000 HLyFyv\
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ,N@Icl
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: #G4~]Qml
Dr. Provisions RMB 3000000 Dry;$C}P
Cr. Cash in Bank RMB 2500000 I vl^,{4
Cr. Non-operating Income RMB 500000
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Required: 61Iy{-/ZV
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 2'UFHiK
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios:
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(a)Inventory Turnover Rate in 20×8;
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(b)Gross Profit Ratio in 20×8; f
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(c)After Tax Return on Total Assets in 20×8; and e2=,n6N]c
(d)Current Ratio as at December 31, 20×8 L_zmU_zD
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. )(|0KarF
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 3{#pd6e5
以下是未经审计财务报表的部分信息: /cg]wG!n8
(单位:千元) w]5f3CIm
项目 20×8 20×7 dc@wf;
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营业收入 64 000 48 000 Xw}Y!;<IEu
营业成本 54 000 42 000 >-@{vyoOy
净利润 30 -20 NE>JtTF<
M]/wei"X
20×8年12月31日 20×7年12月31日 Mbi+Vv-
存货 16 000 12 000 [k&s!Qp
流动资产 60 000 50 000 j}?ZsnqV
总资产 100 000 90 000 c7TWAG_+
流动负债 20 000 18 000 X#NeB>~
总负债 30 000 25 000 B|
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在审计过程中,约翰发现以下事项: (!&O4C5
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录:
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借:银行存款5 820 000 +Tc(z{;
财务费用 180 000 d&R\7)0
贷:应收票据6 000 000 ZD] '$
(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: F~@1n,[
借:营业外支出 3 000 000 u b>K ^
贷:预计负债 3 000 000 M(]|}%
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: [\%t<aa
借:预计负债 3 000 000 ;KZ2L~
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贷:银行存款 2 500 000 eiSO7cGy
营业外收入 500 000 CbvL X="%
要求: zvs 2j"lb
(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。 wqoN@d
(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: t T/*ZzMq#
(a)20×8年存货周转率 UmI@":|-
(b)20×8年销售毛利率 c$SxDYG
(c)20×8年总资产净利率 /:L&uqA
(d)20×8年12月31日的流动比率 GC#95
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Ko1?jPE
【答案】 )Jjw}}$}Y
(1)应选择营业收入作为计算重要性水平的基础。 >_%g8T'
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 89e.\EH
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 (i~%4w=
销售毛利率=(64000-54000)/64000×100%=15.63% cXEy>U|/
总资产净利率=30/[(100000+90000)/2]=0.03% W:( Usy
流动比率=60000/20000=3 *oJ>4S
(3) JI; i1@|b
a.应建议做如下审计调整分录: ;8xn"G0}a
借:应收票据 6 000 000 ~hw4gdtS
贷:短期借款 5 820 000 E2/U']R
财务费用 180 000 vlKKPS
b.应建议做如下审计调整分录: W)P_t"'@L
借:预计负债 3 000 000 GKDG5u;
贷:营业外支出 500 000 g_!xO2LH,8
其他应付款 2 500 000 J0) WRn"h