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)。 :NS;y-{^^y
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: -Qqb/y
(Expressed in RMB thousands) ~"brfjd|
FINANCLAL STATEMENTS ITEMS 6$@Pk<w
20×8 tSE6m -
20×7 5K{(V^88F
'-gk))u>)
Sales L=4?vs
64000 ~F>oNbJIv
48000 y|iZuHS}
+JBhw4et;.
Cost of sales K'N\"Y?>
54000 e+4p__TmZ
42000 $9Y2\'w<h6
0x
Ir:aFF
Net profit `=b*g24z[N
30 aztP`S$h
-20 ,LWM}L
ANp4yy+
1H-R-NNJ:
December 31, 20×8 26.iFt/:
December 31, 20×7 %w6> 3#e
,N<;!6e
Inventory <w.V !"!
16000 _(J- MCY\
12000 :a#]"z0
QH~/UnV
Current assets u#la+/
60000 !0 *=z~
50000 tNmH*"wR<
p5c'gziR
Total assets o(C({]UO/
100000 f1hi\p0q
90000 $//18+T
bq<QUw=]q&
Current liabilities J@p[v3W
20000 sW3-JA]
18000 y5BNHweaRb
r,L#JR w#-
Total liabilities xo7H^!_
30000 qyp"q{k0
25000 fC&Egy
FL/@e$AK
w[~$.FM/
During the audit, John has the following findings: M-T&K%/lW
(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: a}hpcr({?
Dr. Cash in Bank RMB 5820000 az?B'|VX
Dr. Financial Expenses RMB 180000 &]16Hb~
Cr. Notes Receivable RMB 6000000 -81usu&NH
(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: [@uL)*o_#
Dr. Non-operating Expenses RMB 3000000 !@W1d|{lu
Cr. Provisions RMB 3000000 $*9h\W-)`Q
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Nt$/JBB[$
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: u"?cmg<.1
Dr. Provisions RMB 3000000
jxZR%D
Cr. Cash in Bank RMB 2500000 kbM 4v G
Cr. Non-operating Income RMB 500000 ;ZFn~!V
Required: bF|j%If%
(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~uTo
(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: 4F??9o8 }
(a)Inventory Turnover Rate in 20×8; bo0m/hVU
(b)Gross Profit Ratio in 20×8; _udH(NC
(c)After Tax Return on Total Assets in 20×8; and ~{=+dQ
(d)Current Ratio as at December 31, 20×8 =S|SQz5%w
(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. *&% kkbA
【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。
hz>&E,<8q
以下是未经审计财务报表的部分信息: " <m)Fh;
(单位:千元) (C!u3ke2D
项目 20×8 20×7 ]uWx<aDB
营业收入 64 000 48 000 z X2BJ
营业成本 54 000 42 000 ^7.864
净利润 30 -20 NyeGa
* G.6\
20×8年12月31日 20×7年12月31日 O<)"kj 7
存货 16 000 12 000 YaFQy0t%/5
流动资产 60 000 50 000 #T99p+O
总资产 100 000 90 000 A+iQH1C0h
流动负债 20 000 18 000
,fT5I6l
总负债 30 000 25 000 !D7/Ja
在审计过程中,约翰发现以下事项: 0^?3hK
(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: u;F++$=
借:银行存款5 820 000 #hH "g
财务费用 180 000 N|h`}*:x=
贷:应收票据6 000 000 cr27q6_
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Y6?d
y\
借:营业外支出 3 000 000 |GA4fFE=
贷:预计负债 3 000 000 q\x*@KQgM
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: qg 4:Vq
借:预计负债 3 000 000 )^|zuYzN
贷:银行存款 2 500 000 K9mL1 [B
营业外收入 500 000 I'`Q_5s5
要求: B=(m;A#G
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 s~6?p%
2]
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: #?@k=e\
(a)20×8年存货周转率 6*A
S4
l
(b)20×8年销售毛利率 8;5 UO,`T
(c)20×8年总资产净利率 (fUXJ$
(d)20×8年12月31日的流动比率 lo,?mj%M
(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) 51*o&:eim
【答案】 5$`i)}:s
(1)应选择营业收入作为计算重要性水平的基础。 JY"<b6C^
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 x&8HBF'
'%. lY9D
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 )U6T]1
销售毛利率=(64000-54000)/64000×100%=15.63% 9mEC|(m*WK
总资产净利率=30/[(100000+90000)/2]=0.03% `$JPF Z
流动比率=60000/20000=3 pa~
.[cBI
(3) isLIfE>
a.应建议做如下审计调整分录: 1,p7Sl^h
借:应收票据 6 000 000
'&I.w p`^
贷:短期借款 5 820 000 4l@*x^F
财务费用 180 000 exiCy1[+
b.应建议做如下审计调整分录: +`r;3kH ..
借:预计负债 3 000 000 [;7&E{,C
贷:营业外支出 500 000 _bHmcK
其他应付款 2 500 000 HC@E&t