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)。 of& vQ
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: dm$:xE":
(Expressed in RMB thousands) {/7'uD\
H
FINANCLAL STATEMENTS ITEMS .^kTb2$X
20×8 ur#"f'|-
20×7 _k+Bj.L
NHc+QMbou(
Sales 6!Isz1.re
64000 dbZPt~S'$
48000 db%`-UST
# |UrHK;
Cost of sales r9vC&pWZ
54000 t%dPj8~
42000 GV[[[fu
_ve7Is`/
Net profit *gT
TI;:
30 ]c5GG!E-g
-20 <bTa88,)
jA]xpf6}
ac&tpvij
December 31, 20×8 Vfw $>og!
December 31, 20×7 x`e
YC i
|R[m&uOib
Inventory #-VKk
16000 lMO0d_:b1
12000 TOuFFR
0^[$0]Mt[
Current assets RZ.5:v6
60000 OIWo
*
%
50000
a,tP.Xsl
Y.C*|p#
Total assets vMI \$E&
100000 XnG!T$
90000 n+i}>3'A
,,iQG' *
Current liabilities \m.{^Xd~
20000 uIPR*9~6o
18000
:D/R
-J6}7>4^8}
Total liabilities )i>KYg w
30000 !kz\
{
25000 0!zWXKX
_6[NYv$"
><DE1tG
During the audit, John has the following findings: r:o!w7C:a
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ;}PL/L$L6;
Dr. Cash in Bank RMB 5820000 bBQp:P?E
Dr. Financial Expenses RMB 180000 fAm2ls7c
Cr. Notes Receivable RMB 6000000 1 h"B-x
(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: 2KX *x_-
Dr. Non-operating Expenses RMB 3000000 ~>EVI=?
Cr. Provisions RMB 3000000 s-DtkO
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 jW*A(bK8:
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: #*`|}_6L
Dr. Provisions RMB 3000000 k{#:O=
Cr. Cash in Bank RMB 2500000 D;E&;vP6%
Cr. Non-operating Income RMB 500000 9PBmBP~
Required: qjFgy)qV
(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. I[|I\tW
(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: mU_O64
(a)Inventory Turnover Rate in 20×8; R's xa*VB
(b)Gross Profit Ratio in 20×8; *5NffiA}-
(c)After Tax Return on Total Assets in 20×8; and - t+Mh.
(d)Current Ratio as at December 31, 20×8 $ S49v
(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. ^m7PXY
【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。 O//e0?]W
以下是未经审计财务报表的部分信息: )2A4vU-IR.
(单位:千元) <eI;Jph5
项目 20×8 20×7 kDKpuA!
营业收入 64 000 48 000 v7R&9kU{
营业成本 54 000 42 000
1Li@O[%X<
净利润 30 -20 0Nfj}sXCWE
'K!kJ9oqe
20×8年12月31日 20×7年12月31日 wVVe L$28
存货 16 000 12 000 nGt8u4gcP
流动资产 60 000 50 000 tEUmED0FY
总资产 100 000 90 000 I
5~DC
流动负债 20 000 18 000 Q&J,"Vxw
总负债 30 000 25 000 (!b:
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在审计过程中,约翰发现以下事项: 3,[2-obmi
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: gM*s/,;O"
借:银行存款5 820 000 p#kC#{<nE
财务费用 180 000 'tbb"MEi4
贷:应收票据6 000 000 0v_8YsZ!`$
(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: :U9R
1^}A
借:营业外支出 3 000 000 2*|]#W
贷:预计负债 3 000 000 MXy{]o_H~
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: gr;M
借:预计负债 3 000 000 (pmo[2kg
贷:银行存款 2 500 000 D)_Ei'+*l
营业外收入 500 000 JVkawkeX
要求: 0D'Wr(U(
(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。 :QVGY^c
(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: >W;i2%T
(a)20×8年存货周转率 B'Wky>5)
(b)20×8年销售毛利率 @
2mP
(c)20×8年总资产净利率 nqBuC
(d)20×8年12月31日的流动比率 HZ}*o%O
(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) Zx_m?C_2_
【答案】 Y8PT`7gd`
(1)应选择营业收入作为计算重要性水平的基础。 dc05,Bz
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ]Q3Gj@6
ZwMw g t
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 @I&"P:E0F;
销售毛利率=(64000-54000)/64000×100%=15.63% _a&|,ajy>
总资产净利率=30/[(100000+90000)/2]=0.03% 2]+.8G7D%
流动比率=60000/20000=3 TI>yi ^}
(3) D}T,z
a.应建议做如下审计调整分录: asg>TOW
借:应收票据 6 000 000 pd#/;LT
贷:短期借款 5 820 000 fDd!Mt
财务费用 180 000 yShHFlO=
b.应建议做如下审计调整分录: 9zJ`;1
借:预计负债 3 000 000 RVfe}4Stm#
贷:营业外支出 500 000 aW"!bAdx`,
其他应付款 2 500 000 k3 l