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)。 ;X}2S!7Ko
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: nscnG5'{+
(Expressed in RMB thousands) #x 6/"Y2
FINANCLAL STATEMENTS ITEMS dr)*.<_+a(
20×8 \: ZDY(>1
20×7 Le83[E*i
we}xGb.u
Sales Q7amp:JFb
64000 Q 1i5"'][
48000 F=5+JjrX
E2|M#Y
Cost of sales uV|F3'jT
54000 "9s}1C; Me
42000 ts=D
(YJ2-
X~
Net profit c,#=In2
30 Zzlt^#KLx
-20 PE.UNo>o
yR5XcPoKI
mN-O{k0\
December 31, 20×8 Qfp4}a=
December 31, 20×7 zMepF]V
"IS; o o$g
Inventory iK2f
]h
16000 :@p]~{m :G
12000 }S"gZ6
8K^#$,.."
Current assets 6l,6k~Z9
60000 i`YZ;L L
50000 N[9o6Nl|a
/1TK+E$
Total assets EFiVwH
100000 0aq{Y7sYU
90000 [#wt3<d`)
uv5NqL&
Current liabilities ,&Zp^
20000 $[_5:@T%N
18000 iTevl>p!
T6SYXQd>.
Total liabilities ZYB5s~;eB"
30000 ,1~B7Zd
25000 ;=2JbA+"G
1/bTwzR.g
0rX%z$D+@
During the audit, John has the following findings: F.(W`H*1+
(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: BZOl&G(
Dr. Cash in Bank RMB 5820000 r}Vr_
Dr. Financial Expenses RMB 180000 Vh01y f
Cr. Notes Receivable RMB 6000000 lhQMR(w^
(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: r:rPzq1
Dr. Non-operating Expenses RMB 3000000 "4KyJ;RA*
Cr. Provisions RMB 3000000 )a!f")@uz
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 b4$g$()
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: 9k4z__K e
Dr. Provisions RMB 3000000 RK*tZ
Cr. Cash in Bank RMB 2500000 a^G>|+8
Cr. Non-operating Income RMB 500000 J*ofa>
Required: -5os0G80
(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. +U'n|>t9
(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: /_JR7BB^X,
(a)Inventory Turnover Rate in 20×8; .: wg@Z
(b)Gross Profit Ratio in 20×8; ;
p+C0!B2
(c)After Tax Return on Total Assets in 20×8; and FYNUap,A
(d)Current Ratio as at December 31, 20×8 w3iX "w
(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. F:Vl\YZ
【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。 J;V#a=I
以下是未经审计财务报表的部分信息: K7$Q.
(单位:千元) @6[aLF]F
项目 20×8 20×7 7h.[eMLPB
营业收入 64 000 48 000 bTx4}>=5l
营业成本 54 000 42 000 )MV `'i
净利润 30 -20 amQiH!}8R
3]NKAPY
20×8年12月31日 20×7年12月31日 6."|m+D
存货 16 000 12 000 <,*w$
流动资产 60 000 50 000 M"-53|#:w\
总资产 100 000 90 000 zzC{I@b
流动负债 20 000 18 000 gjJ:s,Fg
总负债 30 000 25 000 0m4#{^Y
在审计过程中,约翰发现以下事项: 2#R0Bd
(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: G
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借:银行存款5 820 000 yp
hd'Pu"
财务费用 180 000 JBV
06T_4o
贷:应收票据6 000 000 D1]?f`
(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: .^- I<4 .
借:营业外支出 3 000 000 (e
2.Ru
贷:预计负债 3 000 000 B|>eKI
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: p:|7d\r
借:预计负债 3 000 000 M6[O>z
贷:银行存款 2 500 000 kT^`j^Jr
营业外收入 500 000 :p1_ij]ND
要求: _Fkb$NJ"]Q
(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。 ?Rh[S
(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: (6)|v S
(a)20×8年存货周转率 3! KyO)8
(b)20×8年销售毛利率 !(_qM
(c)20×8年总资产净利率 ;%AY#b4m
(d)20×8年12月31日的流动比率 |>JRJ"CFE
(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) C]zG@O
!
【答案】 uE#"wm'J
(1)应选择营业收入作为计算重要性水平的基础。 $ -]9/Ct
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 xM&`>`;^e
H'@@%nO(
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 BgsU:eKe
销售毛利率=(64000-54000)/64000×100%=15.63% 9:!V
":8q
总资产净利率=30/[(100000+90000)/2]=0.03% |l~#qeZ%
流动比率=60000/20000=3 }dq)d.c
(3) -9 |)O:
a.应建议做如下审计调整分录: {o%OG/!1
借:应收票据 6 000 000 O
Q3IkE`G
贷:短期借款 5 820 000 [Z[ p@Ux
财务费用 180 000 bz\nCfU
b.应建议做如下审计调整分录: 7%|HtBXv^
借:预计负债 3 000 000 )uCa]IR
贷:营业外支出 500 000 ,_'Z Jlx
其他应付款 2 500 000 ~. 5[