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)。 `w1|(Sk$h
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: JB~79Lsdz
(Expressed in RMB thousands) AXhV#nZt0
FINANCLAL STATEMENTS ITEMS .V9/0
20×8 %Uj7g>
20×7 5 iUT#
9pD=E>4?#
Sales &{?*aK&%3l
64000 TOp|Qt
n
48000 )>$@cH
lV/-jkR
Cost of sales gwtR<2,p
54000 5"=qVmT)
42000 /(Se:jH$>
st"uD\L1p:
Net profit M/XxiF
30 vq|o}6Et
-20 ORhe?E]
{k=H5<FV
2?hc94
December 31, 20×8 $IzhaX
December 31, 20×7 TQyi-Dc
#IjG[a-
Inventory (5y+g?9d;
16000 (a0q*iC%
12000 2`qO'V3Q
FMCX->}$
Current assets c=iv\hn
60000 E Z95)pk
50000 F3$@6J8<[z
i#o:V/Z.
Total assets RHc63b\
100000 rcUXYJCh-
90000 y%A!|aBu
'xi[- -
Current liabilities ^sR]w]cz.
20000 jEwfa_Q%
18000 dGf:0xE"
WVUa:_5{
Total liabilities `wRQ-<Y
30000 ,2\?kPoc8
25000 t .*z)N
+.gM"JV
tJ>|t hk
During the audit, John has the following findings: bjvpYZC\5
(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: vovc,4}
Dr. Cash in Bank RMB 5820000 Uf#.b2]
Dr. Financial Expenses RMB 180000 56 k89o
Cr. Notes Receivable RMB 6000000 [\(}dnj:
(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: d7 )&Z:
Dr. Non-operating Expenses RMB 3000000 YY~BNQn6d
Cr. Provisions RMB 3000000 (\^| @
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }TjiYA.
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: QJ2V&t"3
Dr. Provisions RMB 3000000 T=6fZ;
7
Cr. Cash in Bank RMB 2500000 P%`|Tu!B
Cr. Non-operating Income RMB 500000 $89hkUuTu^
Required: d1YE$
(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. Id`?
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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: kigq(a
(a)Inventory Turnover Rate in 20×8; [J4
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(b)Gross Profit Ratio in 20×8; 5ve4 u
(c)After Tax Return on Total Assets in 20×8; and tmM8YN|
(d)Current Ratio as at December 31, 20×8 "RPX_
(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. )c
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【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+s~
以下是未经审计财务报表的部分信息: ATq)8Rm\
(单位:千元) QJ{to%
项目 20×8 20×7 nO{@p_3mi
营业收入 64 000 48 000 %n<u- {`
营业成本 54 000 42 000 Q2[@yRY/z
净利润 30 -20 bo^d!/;
)Ih'0>=
20×8年12月31日 20×7年12月31日 F0,-7<G
存货 16 000 12 000 0Y7b$~n'Y
流动资产 60 000 50 000 Y{yN*9a79
总资产 100 000 90 000 d5?"GFy
流动负债 20 000 18 000 A#&Q(g\YE
总负债 30 000 25 000 (x7AV$N
在审计过程中,约翰发现以下事项: 99Jk<x
k
(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: XEd|<+P1
借:银行存款5 820 000 .{6?%lt
财务费用 180 000 2p3e
p,
贷:应收票据6 000 000 B{IYVviiP
(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: m
Iu-
借:营业外支出 3 000 000 1QHCX*_
贷:预计负债 3 000 000 K}^Jf;
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: pyPS5vWG
借:预计负债 3 000 000 9$0-UUCk
贷:银行存款 2 500 000 -]=-IiC#
营业外收入 500 000 WH Zz?|^
要求: XRU^7@Ylks
(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。 4
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(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: UO-<~DgH
(a)20×8年存货周转率 =Rnx!E
(b)20×8年销售毛利率 Q8:`;W
(c)20×8年总资产净利率 z0ULB?*"
(d)20×8年12月31日的流动比率 ^fj):n5/
(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) W`zY\]
【答案】 I{Pny/d`
(1)应选择营业收入作为计算重要性水平的基础。 v` 9^?Xw)
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 /($!("b
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ;1Kxqpz_i
销售毛利率=(64000-54000)/64000×100%=15.63% i*16kdI.
总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 -BWkPq!
(3) W!a~ #R/r-
a.应建议做如下审计调整分录: *|c*/7]<
借:应收票据 6 000 000 ?Z}n0E `
贷:短期借款 5 820 000 )3i}(h0
财务费用 180 000 5H_%inWM
b.应建议做如下审计调整分录: 2i);2>HLG
借:预计负债 3 000 000 =m@5$
贷:营业外支出 500 000 Q>gU(
其他应付款 2 500 000 \Yv<TzJ9