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)。 VO -784I
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: ,+-h7^{`
(Expressed in RMB thousands) cjT[P"5$
FINANCLAL STATEMENTS ITEMS w2Kq(^?
20×8 <!!nI%NC
20×7 AU`OESSI
W-Of[X{<
Sales j+0.=#{??
64000 -tP.S1D
48000 taV|YP$
J|?[.h7tO
Cost of sales a7 )@BzF#
54000 MBO,\t.
42000 1ypjyu
}200g_^
Net profit 88YC0!Ni
30 BvJ\x)
-20 }K;iJ~kD1
D(@SnI+
JP%RTGu
December 31, 20×8 Rk{$S"8S_
December 31, 20×7 Cz[5Ug'V
PL!tk^;6-
Inventory QX+Y(P`vMK
16000 4w9F+*-
12000 k!
vHO
'tSnH&c
Current assets tnJ`D4
60000 4K'|DO|dH
50000 fv/v|
T7s+9CE
Total assets ~=Fk/
100000 .W-=x,`hY4
90000 CQjV!d0j
K"I{\/x@
Current liabilities
%0 qc@4
20000 ^@Y9!G=
18000
HFv?s
+> ^[W~[2
Total liabilities G\uU- z$)
30000 k3/4Bt G/
25000 P 4H*jy@?
sgD@}":m
63SVIc~wT
During the audit, John has the following findings: %'kX"}N/
(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: JkJhfFV
Dr. Cash in Bank RMB 5820000 o
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Dr. Financial Expenses RMB 180000 4t*<+H%
Cr. Notes Receivable RMB 6000000 i >J:W"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: (\tq<h0
Dr. Non-operating Expenses RMB 3000000 nHE
+p\
Cr. Provisions RMB 3000000 C~:b* X
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 %qONJP
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 i
Dr. Provisions RMB 3000000 v(a9#bMZU
Cr. Cash in Bank RMB 2500000 ItMl4P`|
Cr. Non-operating Income RMB 500000 Ho
MQt3C
Required: fo*!a$)
(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. $=7H1 w
(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: s~/57S
(a)Inventory Turnover Rate in 20×8; -5o?#%
(b)Gross Profit Ratio in 20×8; 8R&z3k;!t
(c)After Tax Return on Total Assets in 20×8; and ~xP
Szf
(d)Current Ratio as at December 31, 20×8 ,,XS;X?
(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. ADTU{6UPS
【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。 $`ON!,oa
以下是未经审计财务报表的部分信息: Q4#\{" N!
(单位:千元) rknzo]N,
项目 20×8 20×7 ST#PMb'izn
营业收入 64 000 48 000 rffVfw
营业成本 54 000 42 000 Qb@BV&^y&
净利润 30 -20 9'D8[p%
o:h)~[n|
20×8年12月31日 20×7年12月31日 `Uu^I
存货 16 000 12 000 #cR57=M}
流动资产 60 000 50 000 4;08n|C
总资产 100 000 90 000 U9bFUK/z
流动负债 20 000 18 000 :m)c[q8
总负债 30 000 25 000 #@IQlqJfY7
在审计过程中,约翰发现以下事项: HW^{ ;'kH~
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: <<i=+ed8eP
借:银行存款5 820 000 |.^^|@+
财务费用 180 000 W=q?tD~V
贷:应收票据6 000 000 ;<86P3S
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Uy:@,DW
借:营业外支出 3 000 000 ]eY Qio!
贷:预计负债 3 000 000 jc3ExOH
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: %
E<FB ;h
借:预计负债 3 000 000 hLu
&lY
贷:银行存款 2 500 000 D-;J;m
\
营业外收入 500 000 h<t<]i'
要求: fN~8L}!l
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 x*3@,GmZl
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: SZNFE
(a)20×8年存货周转率 =9#i<te
(b)20×8年销售毛利率 <t% Ao,"
(c)20×8年总资产净利率 dP$y>%cB
(d)20×8年12月31日的流动比率 xKRfl1
(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) #1gTpb+t
【答案】 "-G.V#zI
(1)应选择营业收入作为计算重要性水平的基础。 CR} >
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =f/avGX
5;r({J
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 {6REfY
c
销售毛利率=(64000-54000)/64000×100%=15.63% g`y/_
总资产净利率=30/[(100000+90000)/2]=0.03% :
/n
?4K^
流动比率=60000/20000=3 <e@I1iL37y
(3) 7N&3FER
a.应建议做如下审计调整分录: 1',+&2)oj
借:应收票据 6 000 000 RXIH(WiK
贷:短期借款 5 820 000 5<0Yh#_
财务费用 180 000 QSlf=VK*y
b.应建议做如下审计调整分录: oY|
(M_;
借:预计负债 3 000 000 1"87EP
贷:营业外支出 500 000 2d,wrC<'$
其他应付款 2 500 000 p]atH<^;K