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)。 ]31XX=
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: :xS&Y\ry
(Expressed in RMB thousands) ^alZ\!B8
FINANCLAL STATEMENTS ITEMS 3]n@c?lw
20×8 AUsQj\Nm%
20×7 {$YD-bqY
'<< ~wt
Sales dqA[|bV
64000 +\GZ(!~
48000 3DC%I79
;+34g6
Cost of sales _/~ ,a
54000 NjN?RB/5
42000 !]+Z%ed`%
(0#F]""\e
Net profit QM_X2Ho
30 6\fMzm
-20 .*-w UBr
"%''k~UD4
An #Hb=
December 31, 20×8 ~+ s*\~
December 31, 20×7 $?J+dB
[Cj)@OC
Inventory dP7Vsa+
16000 ttFY
_F~S
12000 M#V
C3h$
yISQYvSN
Current assets nIQ&gbfO
60000 Qy5Os?9"
50000 uO@3vY',n
``|RO[+2
Total assets B$TChc3B
100000 1Uemsx%'k
90000 =lC;^&D-0/
wp%FM
Current liabilities BCUt`;q ]B
20000
p^igscPF6
18000 T<+ht8&M8
0w(T^GhZ
Total liabilities .^~l_LkA
30000 (;pi"/x[
25000 ] @)!:<+
-}X?2Q
=v4r M0m,
During the audit, John has the following findings: X')
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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: MuoctW
Dr. Cash in Bank RMB 5820000 1%spzkE 3P
Dr. Financial Expenses RMB 180000 mw(c[.*%
Cr. Notes Receivable RMB 6000000 f-3'D-{EKt
(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: /X^3=-{8
Dr. Non-operating Expenses RMB 3000000 7AO3-;
l]
Cr. Provisions RMB 3000000 QGr\I/Y
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 w;c#drY7S
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: Y62u%':X
Dr. Provisions RMB 3000000 g+ }s:9
Cr. Cash in Bank RMB 2500000 YWRE&MQ_
Cr. Non-operating Income RMB 500000 0SMQDs5j
Required: (7;J"2M
(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. P}hY{y'
(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: UOWIiu
(a)Inventory Turnover Rate in 20×8; slge+xq\J
(b)Gross Profit Ratio in 20×8; | 7 m5P@X
(c)After Tax Return on Total Assets in 20×8; and sB( `[5I
(d)Current Ratio as at December 31, 20×8 J0Hm)*
(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. NFY|^*bll
【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。 c.(Ud`jc
以下是未经审计财务报表的部分信息: >v1 y 0zx
(单位:千元) #7] o6
项目 20×8 20×7 9^PRX
营业收入 64 000 48 000 F)/~p&H
营业成本 54 000 42 000 #dZ/UM(u
净利润 30 -20 eu}Fd@GO
Q+b.-iWR
20×8年12月31日 20×7年12月31日 [A"H/Qztk
存货 16 000 12 000 }PI35i1!t
流动资产 60 000 50 000 \D,M2vC~G
总资产 100 000 90 000 Ht|",1yr+
流动负债 20 000 18 000 /&]-I$G@
总负债 30 000 25 000 V$dJmKg
在审计过程中,约翰发现以下事项: (Ffb&GL
(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: \E$1lc
借:银行存款5 820 000 xd^&_P$=
财务费用 180 000 5S%C~iB
贷:应收票据6 000 000 L\b]k,Ksf
(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: l:Dn3Q
借:营业外支出 3 000 000 ]{!!7Zz
贷:预计负债 3 000 000 -`!_h[
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: d7"U WY^
借:预计负债 3 000 000 &Y,Q
>bu
贷:银行存款 2 500 000 wJ+U[a
营业外收入 500 000 3P//H88LY
要求: YH[XRUa
(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。 50LHF%
(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[J [=
(a)20×8年存货周转率 +/y{^}b/
(b)20×8年销售毛利率 f?%qUD_#
(c)20×8年总资产净利率 ;Z ]<S_#-
(d)20×8年12月31日的流动比率 !8xKf*y
(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) Fweh =v
【答案】 ]3L@$`ys
(1)应选择营业收入作为计算重要性水平的基础。 ]alh_U
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 T3PX gL)o
hZAG (Z
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 $sEB'
>:
销售毛利率=(64000-54000)/64000×100%=15.63% },DyU
总资产净利率=30/[(100000+90000)/2]=0.03% \Okc5;kB2
流动比率=60000/20000=3 v9%nau4
(3)
,b4):{
a.应建议做如下审计调整分录: GAv)QZyV$
借:应收票据 6 000 000 \Yj#2ww
贷:短期借款 5 820 000 !|B3i_n
财务费用 180 000 :T_'n,
b.应建议做如下审计调整分录: m!<X8d[bD
借:预计负债 3 000 000 3->,So0Y
贷:营业外支出 500 000 Hqvc7 -c6
其他应付款 2 500 000 LeY+p]n~