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)。 i=G.{.
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: s9-aPcA
(Expressed in RMB thousands) .TTXg,8#D
FINANCLAL STATEMENTS ITEMS Ohmi(s
20×8 g` QbJ61a
20×7 3d@$iAw1<
<n:j@a\up0
Sales ?u]%T]W
64000 ?YO$NYwE
48000 e+5]l>3)f
<_"^eF+fZ
Cost of sales j3`"9bY
54000 oAgO3x
42000 zT5@wm
(X"WEp^Q{I
Net profit {|~22UkF[V
30 :b_R
1ZV|
-20 S4?
N_"m9
tzeS D C
g
:me:M
December 31, 20×8 DxLN{g]B
December 31, 20×7 HFL(t]
C4jqT
Inventory naT;K0T=
16000 @Gj|X>0
12000 3K57xJzK
aT %A<'O!
Current assets cH!w;Ub]
60000 /J"U`/
{4
50000 IW.~I,!x
dm&vLQVS
Total assets jHxg(]
100000 0{PRv./`
90000 mqg[2VTRP
T*%Q s&x;
Current liabilities ?4U|6|1
20000 3UBg"1IC
18000 "c6(=FFq
Zw[A1!T,
Total liabilities EfR3$sp
30000 ;nPjyu'g
25000
5Y\wXqlY
9*+%Qt,{B
V+mTo^
During the audit, John has the following findings: vbeYe2;(
(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: q+/c+u?=^
Dr. Cash in Bank RMB 5820000 hYS*J908
Dr. Financial Expenses RMB 180000 s4RqMO5eI
Cr. Notes Receivable RMB 6000000 >!vb ;a!
(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: Ed%8| M3
Dr. Non-operating Expenses RMB 3000000 e)[>E\u _
Cr. Provisions RMB 3000000 ~
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pg
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 d5zF9;[
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: Q]Fm
4
Dr. Provisions RMB 3000000 .CClc(bO_/
Cr. Cash in Bank RMB 2500000 ]Hp o[IF
Cr. Non-operating Income RMB 500000 L+}q !'8S
Required: eUyQS I4A
(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. 6[<*C?
(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: BTwLx-p9t
(a)Inventory Turnover Rate in 20×8; r?s,
(b)Gross Profit Ratio in 20×8; S?W!bkfn
(c)After Tax Return on Total Assets in 20×8; and h]rF2 B
(d)Current Ratio as at December 31, 20×8 / ;U
(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. :RsO$@0G
【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。 ?G[<~J3-E
以下是未经审计财务报表的部分信息: ydCVG,"
(单位:千元) asDq(J`sQ
项目 20×8 20×7 (LW4z8e#
营业收入 64 000 48 000 ?d*0-mhQ,
营业成本 54 000 42 000 f&w8o5=|I
净利润 30 -20 [/}y!;3iXM
*[Ld\lRj
20×8年12月31日 20×7年12月31日 KKR@u(+"a
存货 16 000 12 000 YEZd8Y
流动资产 60 000 50 000 s
bZ$h
<
总资产 100 000 90 000 paUlp7x
流动负债 20 000 18 000 D{&0r.2F
总负债 30 000 25 000
fI2/v<[
在审计过程中,约翰发现以下事项: 1sL#XB$@N
(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: 6
B)3SC
借:银行存款5 820 000 cSYW
)c|t
财务费用 180 000 -S]yXZ
贷:应收票据6 000 000 gWo `i
(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: W|K"0ab
借:营业外支出 3 000 000 h 7feZ_
贷:预计负债 3 000 000 ESk<*-
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: 4~Ptn / g
借:预计负债 3 000 000 <MhjvHg
贷:银行存款 2 500 000 JJHr<|K
营业外收入 500 000 x&6SjlDb$K
要求: VZ?"yUZ Id
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 289@O-
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: v$R+5_@[l
(a)20×8年存货周转率 D"WqJcDt
(b)20×8年销售毛利率 lP>}9^7I!
(c)20×8年总资产净利率 ~+1t3M e
(d)20×8年12月31日的流动比率 oT7=
(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) H[ 6L!
【答案】 4J=6A4O5Z
(1)应选择营业收入作为计算重要性水平的基础。 T~%}(0=m
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 OW(45
~Qzb<^9]
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 D ];%Ey
销售毛利率=(64000-54000)/64000×100%=15.63% (U"Ub;[
7
总资产净利率=30/[(100000+90000)/2]=0.03% -2}-;|
流动比率=60000/20000=3 Ju""i4
(3) j rX.e
a.应建议做如下审计调整分录: BlF]-dF\
借:应收票据 6 000 000 ~$1Zw&X
贷:短期借款 5 820 000 NZ(c>r6
财务费用 180 000 OI3UC=G
b.应建议做如下审计调整分录: box(FjrZE
借:预计负债 3 000 000 Wq_#46P-
贷:营业外支出 500 000 MT
ZbRi6z
其他应付款 2 500 000 9$&+0