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)。 ew"[]eZ:ut
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: <vbk@d
(Expressed in RMB thousands) *4.f*3*
FINANCLAL STATEMENTS ITEMS ,~G[\2~p
20×8 \>jK\j
20×7 8I~ H1
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Sales l sUQ7%f
64000 E2dSOZS:)%
48000 (T`x-wTl
&f!!UZMt)
Cost of sales 7f
7*id
54000 9Uk9TG 5
42000 U;{VL!
D{G#|&;
Net profit zM)o^Fn2
30 tc#
rL
-20 ~}TVM%0RTq
H)(Jjk-O
}RM?gE
December 31, 20×8 A}oR,$D-
December 31, 20×7 .0s/O
G.(9I~!
Inventory iF`E>%#
16000 |NM.-@1
12000 ]aaHb
4\-kzGgmo
Current assets )DoY*'Cl
60000 %=NqxF>>
50000 7AtJ6
p%,JWZ[
Total assets uRUysLIw
100000 7eu7ie6
90000 7]
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Current liabilities $r_z""eOc
20000 NEK;'"~
18000 WxIP~
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Total liabilities WRD^S:`BH
30000 mEE/Olh W
25000 LeO5BmwHR
|E!xt6B
Aja'`Mu
During the audit, John has the following findings: EP{y?+E2
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: BeP0lZ
Dr. Cash in Bank RMB 5820000 iUSs) []H>
Dr. Financial Expenses RMB 180000 h`jtmhoz
Cr. Notes Receivable RMB 6000000 -vhgBru
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: _D
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Dr. Non-operating Expenses RMB 3000000 Dwwh;B
Cr. Provisions RMB 3000000 K4oLb"gB1
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =SLJkw&w6
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: w'U;b
Dr. Provisions RMB 3000000 4UG7{[!+
Cr. Cash in Bank RMB 2500000 =1LrU$\
Cr. Non-operating Income RMB 500000 VIynlvy
Required: Q%KS$nP
9
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 6B|IbQ^
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: fq\E$'o$
(a)Inventory Turnover Rate in 20×8; a}%>i~v<
(b)Gross Profit Ratio in 20×8; G?YKm1:w
(c)After Tax Return on Total Assets in 20×8; and D(L%fK` +
(d)Current Ratio as at December 31, 20×8 5a4
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(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. T;.#=h
【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。 {wCQ#V
以下是未经审计财务报表的部分信息: l$.C40v
(单位:千元) _`ot||J
项目 20×8 20×7 wYNh0QlBH
营业收入 64 000 48 000 E+[K?W5
营业成本 54 000 42 000 Tpkm\_
净利润 30 -20 N{oD1%
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20×8年12月31日 20×7年12月31日 kjjO<x?&*
存货 16 000 12 000 *`mwm:4
流动资产 60 000 50 000 kM@8RAxA
总资产 100 000 90 000 Ns&SZO
流动负债 20 000 18 000 o^5xCK:Oi2
总负债 30 000 25 000 QBDi;Xzb+
在审计过程中,约翰发现以下事项: J
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: q[**i[+%
借:银行存款5 820 000 CA:t](xqQ
财务费用 180 000 NcFHvK
贷:应收票据6 000 000 F&I^bkvh
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: M0n@?S
借:营业外支出 3 000 000 vvdC.4O
贷:预计负债 3 000 000 u9sffX5x[J
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: !J'BAq[x
借:预计负债 3 000 000 9?@M Zh
贷:银行存款 2 500 000 1^Ci$ra
营业外收入 500 000 |)yO]pB:
要求: +>37'PD
(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。 &5c)qap;n
(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: :/d#U:I
(a)20×8年存货周转率 mI?AI7DqK
(b)20×8年销售毛利率 =d&
(c)20×8年总资产净利率 M0 =K#/
(d)20×8年12月31日的流动比率 \JN?3}_J
(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) $)z(4Ev
【答案】 2VtiL^;5
(1)应选择营业收入作为计算重要性水平的基础。 I}$Y[Jve
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 m03;'Nj'7#
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 <.+hV4,3
销售毛利率=(64000-54000)/64000×100%=15.63% #k5Nnv#(J
总资产净利率=30/[(100000+90000)/2]=0.03% {N/(lB8
流动比率=60000/20000=3 U
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(3) gQ/-.1Pz$
a.应建议做如下审计调整分录: y
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借:应收票据 6 000 000 PzNk: O
贷:短期借款 5 820 000 ^ JJ*pT:
财务费用 180 000 6# ,2
b.应建议做如下审计调整分录: >>F E?@
借:预计负债 3 000 000 .$L'Jt2X
贷:营业外支出 500 000 `a98+x?JF
其他应付款 2 500 000 ~Wf&$p<|