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)。 RCCv>o
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: km}MqBQl
(Expressed in RMB thousands) fo;6huz
FINANCLAL STATEMENTS ITEMS t,1in4sN
20×8 zw<
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20×7 [tOuNj:
uX98iJ
Sales Vl4Z_viNH
64000 ?'Oj=k"c7
48000 g?gqkoI
p}&Md-$1
Cost of sales @$EjD3Z-
54000 /'mrDb_ip
42000 htV#5SUx&
`i9N)3
X
Net profit x!`b'U\
30 ~JAjr(G#o
-20 >eRZ+|k?N
qj`,qm
P
Hw y5G;
December 31, 20×8 xl3zy~;
M
December 31, 20×7 RA}U#D:$i
d&5c_6oW
Inventory TbMdQbj}
16000 _HLC>pH~#
12000 \hrrPPD1z
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Current assets +8^5C,V
60000 kq>GMUl~@
50000 &;Ed*OJ
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Total assets LSSW.Oz2L
100000 l 4!kxXf-<
90000 abL/Y23
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Current liabilities is9}ePC7Xu
20000 Q
js2hj-$
18000 W=UqX{-j)
Q
H4k!^
Total liabilities IF5sqv
30000 hHCzj*5
25000 8^8>qSD1
*}>Bkq9h
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During the audit, John has the following findings: r|*:9|y{"/
(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: HOq4i!
Dr. Cash in Bank RMB 5820000 MF&3e#mdB
Dr. Financial Expenses RMB 180000 |3 ;u"&(P
Cr. Notes Receivable RMB 6000000 zIP[R):3&U
(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: 4 #aqz9k
Dr. Non-operating Expenses RMB 3000000 :
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Cr. Provisions RMB 3000000 C%0<1mp
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =Na/3\^WP
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: {a]pF.^kf
Dr. Provisions RMB 3000000 S|~i>
Cr. Cash in Bank RMB 2500000 1$);V,DK!
Cr. Non-operating Income RMB 500000 'BqrJfv
Required: xy$vYDAFw
(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. 4g>1Gqv6
(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: XIqv{w
(a)Inventory Turnover Rate in 20×8; $[j-C9W
(b)Gross Profit Ratio in 20×8; ,c@r`
x
(c)After Tax Return on Total Assets in 20×8; and {EOn r1
(d)Current Ratio as at December 31, 20×8 mr@_%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. xR*5q1j
【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。 {An8/"bv}
以下是未经审计财务报表的部分信息: M`)s>jp@w
(单位:千元) CKx\V+\O
项目 20×8 20×7 wDB)&b
营业收入 64 000 48 000 CFD*g\g<*
营业成本 54 000 42 000 EW
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净利润 30 -20 ?UxG/]",
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20×8年12月31日 20×7年12月31日 2^cAK t6bC
存货 16 000 12 000 +]A+!8%Z
流动资产 60 000 50 000 xR0~S
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总资产 100 000 90 000 Bh\
[CY
流动负债 20 000 18 000 =ZCH1J5"
总负债 30 000 25 000 c zZrP"
在审计过程中,约翰发现以下事项: L.SDM z
(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: lO551Y^
借:银行存款5 820 000 _
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财务费用 180 000 D_O 5k|-V
贷:应收票据6 000 000 GA'*58
(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: 2.^7?ok
借:营业外支出 3 000 000 QV`X?m
贷:预计负债 3 000 000 g@$0FY{Q
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: hCU)W1q#
借:预计负债 3 000 000 Bx\#`Y
贷:银行存款 2 500 000 yfPCGCOW?
营业外收入 500 000 Z|]l"W*w
要求: t9-_a5>E\}
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 9c"0~7v
(a)20×8年存货周转率 gUksO!7^1
(b)20×8年销售毛利率 6$W -?
(c)20×8年总资产净利率 j09mI$2y67
(d)20×8年12月31日的流动比率 L@C >-F|p
(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) RH<@c^ S
【答案】 Q{%HW4lg
(1)应选择营业收入作为计算重要性水平的基础。 e7Yb=/F
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 V_NjkyI
sL!;hKK
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 OwNA N
销售毛利率=(64000-54000)/64000×100%=15.63% +}Qv6s#
总资产净利率=30/[(100000+90000)/2]=0.03% 0lLr[
流动比率=60000/20000=3 P Xyyyir{
(3) ,m #@%fa
a.应建议做如下审计调整分录: XS}Zq4H
借:应收票据 6 000 000 NUi{!<
贷:短期借款 5 820 000 Iu=pk@*O
财务费用 180 000 Da9* /
b.应建议做如下审计调整分录: MuCQxzvkhf
借:预计负债 3 000 000 *T.={>HE8
贷:营业外支出 500 000 N&R
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其他应付款 2 500 000 !1ie:z>s