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)。 :e@JESlLf
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: `A
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(Expressed in RMB thousands) wI}'wALhA
FINANCLAL STATEMENTS ITEMS [bPE?_a,
20×8 N/?MsrZw
20×7 _R(5?rG,
Y)u}+Yg
Sales ($
(1KE
64000 Mty]LMK
48000 UuT[UB=x5
IVNNiNN*5
Cost of sales ?XOeMI
54000 Rg[e~##
42000 Bh' vr3|
oh@r0`J]x
Net profit 9_>4~!x`
30 ` 4EOy:a
-20 M<$l&%<`G
4\ OELU
18A&[6"!
December 31, 20×8 $Qy(ed
December 31, 20×7 ^Js9E
d7^XP
Inventory k13/yiv
16000 pV("NJj!
12000 1M;)$m:
ESrWRO
f9
Current assets C]=E$^|{
60000 ~v54$#CB
50000 Fcr@Un'
>A,WXzAK}S
Total assets Wq9s[)F"Z
100000 ONGe/CEXT
90000 \7j)^
rb tV,Y
Current liabilities xY'g7<})$
20000 &\X;t|
18000 Ez$5wY^J
m~U{ V9;*
Total liabilities Nz}Q"6L
30000 -.*\J|S@g
25000 E7h}0DX
Y+j KP*ri
|Gf{ }
During the audit, John has the following findings: KFs` u6
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 7.Mh$?;i9
Dr. Cash in Bank RMB 5820000 $Tur"_`I;
Dr. Financial Expenses RMB 180000
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Cr. Notes Receivable RMB 6000000 .-|O "H$
(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: a,4g`?
Dr. Non-operating Expenses RMB 3000000 2DC#P
X)i
Cr. Provisions RMB 3000000 5,c`
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 XGoy#h
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: eLYFd,?9
Dr. Provisions RMB 3000000 Ii,:+o%
Cr. Cash in Bank RMB 2500000 e"CLhaT
Cr. Non-operating Income RMB 500000 `/AzX *`
Required: Na6z,TW
(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: ^"l$p,P+
(a)Inventory Turnover Rate in 20×8; lX4p'R-h
(b)Gross Profit Ratio in 20×8; -&EmEXs%
(c)After Tax Return on Total Assets in 20×8; and *Z:PB%d5
(d)Current Ratio as at December 31, 20×8 G'py)C5;
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. Fq9[:
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 biG9?
以下是未经审计财务报表的部分信息: EC~t'v
(单位:千元) l17ZNDzLU
项目 20×8 20×7 qc6IH9i`
营业收入 64 000 48 000 ?},ItJ#>)q
营业成本 54 000 42 000 1;P\mff3Y
净利润 30 -20 SHk[X ]Uo
W*<]`U_.
20×8年12月31日 20×7年12月31日 *e6|SZ &3
存货 16 000 12 000 vOK;l0%
流动资产 60 000 50 000 -"zu"H~t4
总资产 100 000 90 000 4B]61|A
流动负债 20 000 18 000 MP,*W}@
总负债 30 000 25 000 jVINc=o
在审计过程中,约翰发现以下事项: ~{+{p cO}
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 9^ r
借:银行存款5 820 000 88>Uu!M=f
财务费用 180 000 vs. uq
贷:应收票据6 000 000 lz (,;I'x
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 4iz&
"~&1
借:营业外支出 3 000 000
<yS"c5D6
贷:预计负债 3 000 000
PBL^xlg
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: #& wgsGV8C
借:预计负债 3 000 000 B0i}Y-Z
贷:银行存款 2 500 000 psC7IE<v
营业外收入 500 000 :xPvEK[B7
要求: i'wF>EBz
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 \vsrBM
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: h,>L(=c$O
(a)20×8年存货周转率 A7C+&I!L
(b)20×8年销售毛利率 2mZ/
3u
(c)20×8年总资产净利率 3-bcY4
(d)20×8年12月31日的流动比率 `&_k\/
(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) 9@Sb! 9h
【答案】 5S]P#8
(1)应选择营业收入作为计算重要性水平的基础。 $/TA5h
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 CLfb`rF
n:'BN
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ^qx\ e$R
销售毛利率=(64000-54000)/64000×100%=15.63% M:M>@|)
总资产净利率=30/[(100000+90000)/2]=0.03% ]7t\%_
流动比率=60000/20000=3 RuNH
(>Eb
(3) ? SP7v
Q/
a.应建议做如下审计调整分录: PAwg&._K
借:应收票据 6 000 000 t4/eB<fP
贷:短期借款 5 820 000 WWcm(q=
财务费用 180 000 [\9(@Bx
b.应建议做如下审计调整分录: ]zU<=b@
借:预计负债 3 000 000 A9UaLSe
贷:营业外支出 500 000 iwJ-<v_:h
其他应付款 2 500 000 )m8>w6"