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)。 KTm^0:V[Oy
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: a9ko3L
(Expressed in RMB thousands) N<|_tC+ct
FINANCLAL STATEMENTS ITEMS 1gwnG&
20×8 I$
Bu6x!
20×7 G>/Gw90E
0GtL6M@pP
Sales %8_bh8g-
64000 8T7E.guYr
48000 QU]&q`GE
RpAqnDX)
Cost of sales 'Olp2g8=
54000 \{Hb
L,s
42000 X2?
^t]-N
=z5'A|Wa=,
Net profit 6V"|
30 #E?T E
-20 yM*-em
aL9yNj}2
&Hb;; Ic(
December 31, 20×8 WUwH W
December 31, 20×7 HH-A\#6J
G% |$3
Inventory 8
z) K
16000 OlW|qj
12000 CEwMPPYnD
JumZ>\'p(
Current assets kK27hfsw
60000 dr|>P*
50000 TY(B]Q_o
6zmt^U
Total assets hV(>}hb
100000 S_E-H.d"
90000 1G0U}-6RH
0pO{ {F
Current liabilities 3@qy}Nm
20000 0zQ^ 6@
18000 LH=gNFgzt
LW={| 3}
Total liabilities 'pCZx9*c
30000 RZ(*%b<C
25000 YP^=b}
wLF;nzv
0rt@4"~~w
During the audit, John has the following findings: y$
L@!r/s
(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: g[oa'.*OB
Dr. Cash in Bank RMB 5820000 ^#|Sl D]
Dr. Financial Expenses RMB 180000 BHVC&
F*>
Cr. Notes Receivable RMB 6000000 Zj+S"`P
(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: #.<Uy."z2
Dr. Non-operating Expenses RMB 3000000 Q[j'FtP%
Cr. Provisions RMB 3000000 aG"j9A~ &
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 :%6OFO$z
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ($Cy-p
Dr. Provisions RMB 3000000 <G};`}$a
Cr. Cash in Bank RMB 2500000 YUzx,Y>k
Cr. Non-operating Income RMB 500000 f9" M^i
Required: F9ys.Bc
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. aVg~/
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: :3J
0Q
(a)Inventory Turnover Rate in 20×8; fH-fEMyW
(b)Gross Profit Ratio in 20×8; _d|CO
(c)After Tax Return on Total Assets in 20×8; and Re=()M
(d)Current Ratio as at December 31, 20×8 @U8}K#
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. (yx^zW7
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Y X`BX$
以下是未经审计财务报表的部分信息: )x!b{5'"7
(单位:千元) 3V(]*\L
项目 20×8 20×7 *^ZJ&.
营业收入 64 000 48 000 *~D|M
营业成本 54 000 42 000 sf([
8YUd
净利润 30 -20 &z;bX-"E
3WVH8S b
20×8年12月31日 20×7年12月31日 Bi.,@7|>
存货 16 000 12 000 6`PQP;
流动资产 60 000 50 000 L;7u0Yg
总资产 100 000 90 000 Qe[ejj1o:
流动负债 20 000 18 000 y*G3dWb
总负债 30 000 25 000 LD=e Mk:
~
在审计过程中,约翰发现以下事项: ME0vXi
(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: V< Ib#rd'
借:银行存款5 820 000 1fK]A*{p
财务费用 180 000 uc<JF=
贷:应收票据6 000 000 H;h$k]T
(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: t)4><22of
借:营业外支出 3 000 000 qa\e`LD%Y
贷:预计负债 3 000 000 L">\c5ca
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: 9{GEq@`7
借:预计负债 3 000 000 >1}@Q(n/}{
贷:银行存款 2 500 000 +]3kcm7B
营业外收入 500 000 HBdZE7.x)3
要求: -;:.+1
(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。
qj7}]T_
(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: S-f
.NC}:i
(a)20×8年存货周转率 e=cb%
(b)20×8年销售毛利率 #n7F7X
(c)20×8年总资产净利率 tEN8S]X
(d)20×8年12月31日的流动比率 'OACbYgG
(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) {;L,|(o^
【答案】 0"F|)
(1)应选择营业收入作为计算重要性水平的基础。 th1;Ym+Ze
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 :MP*Xy\7&J
$} @gR]
Z
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 4,P(w+
销售毛利率=(64000-54000)/64000×100%=15.63% 03/mB2|TF(
总资产净利率=30/[(100000+90000)/2]=0.03% \ xJ_)r
流动比率=60000/20000=3 [ *~2Ts
(3) Q}: $F{
a.应建议做如下审计调整分录: &RHZ7T
借:应收票据 6 000 000 :#VdFMC<
贷:短期借款 5 820 000 @DNwzdP
财务费用 180 000 S}b^_+UbP
b.应建议做如下审计调整分录: '5m4kDs
借:预计负债 3 000 000 }G)2HTaZ
贷:营业外支出 500 000 E!9(6G4
其他应付款 2 500 000 P;G]qV%