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)。 ;H.V-~:P)
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: `&7tADFB
(Expressed in RMB thousands) dXQ C}JA
FINANCLAL STATEMENTS ITEMS @sA!o[gH
20×8 X!^|Tass
20×7 FX|&o>S(8
\3^ue0
Sales 5TB6QLPEwY
64000 p^k0Rad
48000 nH k^trGm
$P?^GB>u
Cost of sales &0qpgl|
54000 n+hL/aQ+
42000 BLO ]78
FA$32*v
Net profit _UPfqC ?
30 =3w;<1 ?'
-20 Cp"
7R
&s
@x+2b0 b
wN4#j}C
December 31, 20×8 `HkNO@N[
December 31, 20×7 9g5h~Ma
6`@J=Q?
Inventory 6X%g-aTs
16000 4,c6VCw3+
12000 u"*DI=pwb
QO(F%&v++
Current assets `
w\P- q
60000 CCe>*tdf
50000 L}Y.xi
!Vw1w1
Total assets QR'# ]k;>%
100000 ^zQI_ydG
90000 CL4N/[UM
a~$Y;C_#<
Current liabilities Lm2)3;ei
20000 iP"sw0V8
18000 @:9Gs!!
)
B0%"0?`8
Total liabilities poxF`a6e+
30000 .Lna\Bv
25000 4$pV;xV
={zTQ+7S`
ji1vLu4|t
During the audit, John has the following findings:
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: , i5 _4
Dr. Cash in Bank RMB 5820000 SI+Uq(k
Dr. Financial Expenses RMB 180000 r.\L@Y<
Cr. Notes Receivable RMB 6000000 X$ZVY2
(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: 7<]
EH:9
Dr. Non-operating Expenses RMB 3000000 `z0q:ME
Cr. Provisions RMB 3000000 ?e<2'\5v
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 0>N6.itOz
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: V+O,y9
Dr. Provisions RMB 3000000 ?l^Xauk4Pj
Cr. Cash in Bank RMB 2500000 =#S.t:HQ*
Cr. Non-operating Income RMB 500000 \xCCJWek
Required: Z%qtAPd
(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. =,#--1R7g
(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: YiDO V)
(a)Inventory Turnover Rate in 20×8; g=56|G7n
(b)Gross Profit Ratio in 20×8; WqCC4R,-
(c)After Tax Return on Total Assets in 20×8; and c
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(d)Current Ratio as at December 31, 20×8 j,+]tHC-
(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^NK"<tW
【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。 )_=2lu3%{
以下是未经审计财务报表的部分信息: .PUp3X-
(单位:千元) VIP7j(#t_g
项目 20×8 20×7 T+F]hv'
营业收入 64 000 48 000 vyIH<@@p7
营业成本 54 000 42 000 7PX`kI
净利润 30 -20 Szgo@x$^
yQD>7%x
20×8年12月31日 20×7年12月31日 w>&*-}XX
存货 16 000 12 000 gVOAB-nw
流动资产 60 000 50 000 Nhjq.&
总资产 100 000 90 000 Z,.Hz\y1D
流动负债 20 000 18 000 .+/d08]
总负债 30 000 25 000 J{1H$[W~}
在审计过程中,约翰发现以下事项: -V|"T+U
(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: ;mG*Rad
借:银行存款5 820 000 x?+w8jSR
财务费用 180 000 V}#X'~Ob
贷:应收票据6 000 000 00QJ596
(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: >5t%_/yeB
借:营业外支出 3 000 000 @i1e0;\
贷:预计负债 3 000 000 S'jg#*$
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: [8i)/5D4
借:预计负债 3 000 000 %M@K(Qu
贷:银行存款 2 500 000
J, 9NVw$
营业外收入 500 000 FQDf?d5
要求: P2-&Im`+
(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。 N>!:bF
(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: Q!e560@
(a)20×8年存货周转率 ) CP
(b)20×8年销售毛利率 v3I^81
(c)20×8年总资产净利率 /*mF:40M;
(d)20×8年12月31日的流动比率 $')C&
(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) 2X?GEO]/4
【答案】 1`&`y%c?B
(1)应选择营业收入作为计算重要性水平的基础。 Q5+1'mzAB
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Gmz^vpQ]t
w7V\_^&Id
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 s<9g3Gh
销售毛利率=(64000-54000)/64000×100%=15.63% HeRi67
总资产净利率=30/[(100000+90000)/2]=0.03% BNu >/zGpB
流动比率=60000/20000=3 ~zqb{o^pT
(3) Y^eN}@]?&
a.应建议做如下审计调整分录: ]ordqulq1
借:应收票据 6 000 000 J7`mEL>
?
贷:短期借款 5 820 000 HC%Hbc~S_Q
财务费用 180 000 7
zb^Z]
b.应建议做如下审计调整分录: _QPqF{iI
借:预计负债 3 000 000 @NiuT%#c
贷:营业外支出 500 000 fE-R(9K
其他应付款 2 500 000 v`HER6