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-$ )@
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: Cg[]y1Ne
(Expressed in RMB thousands) 8@S7_x
FINANCLAL STATEMENTS ITEMS b<o Uy
20×8 q{I,i(%m8
20×7 p
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Sales :a3 +f5
64000 ENW>bS8e`
48000 J`}5bnFP
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CYs
Cost of sales (%*CfR:>
54000 <$!^LKKzA
42000 A??(}F
L
h&d%#6mB
Net profit <\uz",e}
30 }? j>V
-20 8 Yfg@"Tn
z'N_9=
?0k(wiF
December 31, 20×8 [C 1o9c!
December 31, 20×7 uJ;7]
ue8C pn^M
Inventory Z'sAu#C
16000 dm;H0v+Y'
12000 .XD7};g
*((wp4b
Current assets q2v:l
SFY
60000 PR rf$& u
50000 {.c(S
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U(#)[S,
Total assets ;4XvlcGo
100000 :.5l9Ci4
90000 tj
:3R$a
5c50F{
Current liabilities 34S|[PXd
20000 H
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18000 P
2J{Ml#
$50rj
Total liabilities ~&-8lD];LM
30000 (bEX"U-
25000 .KiJq:$H
Q(@/,%EF
z"/Mva3|
During the audit, John has the following findings: %JmRJpCvR
(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: VA4>!t)
Dr. Cash in Bank RMB 5820000 2uonT,W
Dr. Financial Expenses RMB 180000 |<nS<x
Cr. Notes Receivable RMB 6000000 E({+2}=1
(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: O^fg~g X
Dr. Non-operating Expenses RMB 3000000 52+;j[ ]/O
Cr. Provisions RMB 3000000 gp07I{0~m
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 H
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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: CNwYQe-i
Dr. Provisions RMB 3000000 ,Qvclu8r
Cr. Cash in Bank RMB 2500000 b~F(2[o
Cr. Non-operating Income RMB 500000 Z9cg,#(D
Required: D(3\m)
(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. yn&AMq
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(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: X r7pF
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(a)Inventory Turnover Rate in 20×8; Q y(Gy'q~
(b)Gross Profit Ratio in 20×8; >:W7f2%8`
(c)After Tax Return on Total Assets in 20×8; and TBq;#+1W
(d)Current Ratio as at December 31, 20×8 rMDo5Z2
(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. Lg[v-b=?I
【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。 3$Ecq|4J:
以下是未经审计财务报表的部分信息: >r Nff!Ow
(单位:千元) Be"Swz(n
项目 20×8 20×7 zqEMR>px
营业收入 64 000 48 000 JTT"t
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营业成本 54 000 42 000 5#jna9Xc
净利润 30 -20 o
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20×8年12月31日 20×7年12月31日 D&1*,`
存货 16 000 12 000 1rhsmcE
流动资产 60 000 50 000 ]8,:E ]`O
总资产 100 000 90 000 NOOP_:( 7H
流动负债 20 000 18 000 /Mq]WXq[V
总负债 30 000 25 000 .ZSG nbJ
在审计过程中,约翰发现以下事项: .<`W2*1
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: -$pS
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借:银行存款5 820 000 uQy5t:!
财务费用 180 000 0,)Ao8
贷:应收票据6 000 000 >FtW~J"X
(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: ;K[ G]8
借:营业外支出 3 000 000 -w41Bvz0
贷:预计负债 3 000 000 8?qEv,W
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: .H1kl)~V
借:预计负债 3 000 000 + -e8MvP
贷:银行存款 2 500 000 ] iKFEd
营业外收入 500 000 8+^?<FKa
要求: <0[{Tn
(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。 GH%'YY3|
(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: TmS;ybsG
(a)20×8年存货周转率 {"33 .^=
(b)20×8年销售毛利率 }qUNXE@
(c)20×8年总资产净利率 Y.$InQ gL
(d)20×8年12月31日的流动比率 ,#^<0u+zrF
(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) u7|{~D&f
【答案】 .y7&!a35
(1)应选择营业收入作为计算重要性水平的基础。 A`4Di8'Me
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 KZ
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ?sl 7C
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销售毛利率=(64000-54000)/64000×100%=15.63% @_0g "Ul
总资产净利率=30/[(100000+90000)/2]=0.03% hjiU{@q
流动比率=60000/20000=3 fn|l9k~ <O
(3) %gd=d0vm
a.应建议做如下审计调整分录: I\R5Cb<p
借:应收票据 6 000 000 1jZ:@M:
贷:短期借款 5 820 000 66\0JsT?3
财务费用 180 000 f~Dl;f~H_;
b.应建议做如下审计调整分录: 9kPwUAw
借:预计负债 3 000 000 Z<a6U 3
贷:营业外支出 500 000 o{*8l#x8
其他应付款 2 500 000 S=O/W(ZB