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)。 5{HF'1XgZ*
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: sTd@/>S?p
(Expressed in RMB thousands) FGn"j@m0
FINANCLAL STATEMENTS ITEMS Gsh9D
20×8 `"=Hk@E
20×7 DzR,ou
e(s0mbJE
Sales $z_yx
`5
64000 Z#}sK5s
48000 ! t!4CY
K9@.l~n
Cost of sales d}O\:\}y
54000 wXUR9H|0(
42000 qU#A,%kcV
J'2 Y
rn
Net profit OkC.e')Vx
30 _WNbuk0
-20 48 -j
TyV~2pcN
k'8q/]
December 31, 20×8
5$ik|e^:y
December 31, 20×7 1KUjb@"
_|\X8o_
Inventory DCp8rvUI
16000 A
l;a~45
12000 vEfj3+e
Lyc6nP;F
Current assets H|aFs.S EQ
60000 rfonM~3?'
50000 (wL$h5SG
JLm3qIC
Total assets ~g!!#ad
100000 pJFn
8&!J
90000 T8m]f<
hr]+4!/
Current liabilities lZAGoR;0Ra
20000 K{d3)lVYCS
18000 qeM DC#N
NlF*/Rs
Total liabilities f2c<-}wR
30000 F9LKO3Rh#u
25000 M
IIa8;
bqH
[-mu6
-o~zb-E
During the audit, John has the following findings: 3m&r?xZs
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: jvQ^Vh!mC
Dr. Cash in Bank RMB 5820000 _Yo)m|RaB
Dr. Financial Expenses RMB 180000 '|gsmO
Cr. Notes Receivable RMB 6000000 P?q HzNGi7
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 3
chx4
Dr. Non-operating Expenses RMB 3000000 #r9\.NA!
Cr. Provisions RMB 3000000 f&$Bjq
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 KGOhoiR9:C
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: te
[uAJ1 N
Dr. Provisions RMB 3000000 ga|<S@u?}
Cr. Cash in Bank RMB 2500000 tC'#dU`=qY
Cr. Non-operating Income RMB 500000 9U;
Required: .=YV
(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. D 6'd&U{_
(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: J t.<Z&
(a)Inventory Turnover Rate in 20×8; DSHv
BFQ
(b)Gross Profit Ratio in 20×8; n`^jNXE
(c)After Tax Return on Total Assets in 20×8; and h<LS`$PK;E
(d)Current Ratio as at December 31, 20×8 @"s<0T^H
(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. *Z"cXg^ti
【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。 {3KY:%6qj
以下是未经审计财务报表的部分信息: s2L]H
(单位:千元) ,]\cf
项目 20×8 20×7 nY MtK
营业收入 64 000 48 000 +E9G"Z65iP
营业成本 54 000 42 000 FrMXf,}
净利润 30 -20 TAh'u|{u2
#qVvh3#g
20×8年12月31日 20×7年12月31日 ;F1y!h67<
存货 16 000 12 000 ^}2!fRKAmo
流动资产 60 000 50 000 $MvKwQ/
总资产 100 000 90 000 W\j'8^kI9
流动负债 20 000 18 000 bCP2_h3*
总负债 30 000 25 000 M>=@Z*u/+
在审计过程中,约翰发现以下事项: *[cCY!+Qy
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: Ag T)J
借:银行存款5 820 000 W2h*t"5W
财务费用 180 000 o.Ww.F
贷:应收票据6 000 000 *b~8`Opa`
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: x]YzVJ =Y
借:营业外支出 3 000 000 O:I]v@
贷:预计负债 3 000 000 r1q'+i
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: KiG19R$
借:预计负债 3 000 000 3KqRw (BK
贷:银行存款 2 500 000 mKTF@DED
营业外收入 500 000 (ID%U
要求: sh,4n{+
(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。 enxb
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(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: ]UIN4E
(a)20×8年存货周转率 kReZch}
(b)20×8年销售毛利率 X`<z5W] !
(c)20×8年总资产净利率 fph+05.%
(d)20×8年12月31日的流动比率 nv0D4 t
(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) uB\UIz)e
【答案】 /)v+|%U
(1)应选择营业收入作为计算重要性水平的基础。 \$Ky AWrZi
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)(K|[
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 3W ]zLUn
销售毛利率=(64000-54000)/64000×100%=15.63% f.` 8vaV
总资产净利率=30/[(100000+90000)/2]=0.03% :?EZ\WM7
流动比率=60000/20000=3 ~:,}?9
(3) xxzUey
a.应建议做如下审计调整分录: $C=XSuPNK
借:应收票据 6 000 000 ;*K;)C
贷:短期借款 5 820 000 .>,Y
|
财务费用 180 000 UazK0{t<f
b.应建议做如下审计调整分录: D
$KP>G
借:预计负债 3 000 000 yS
K81`
贷:营业外支出 500 000 )y:M8((%
其他应付款 2 500 000 U*N{H$ACuR