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)。 e{5
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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: Uo9@Y{<B
(Expressed in RMB thousands) h:7\S\|8
FINANCLAL STATEMENTS ITEMS Mk9J~'C_
20×8 HoX={^aG%
20×7 ;TC]<N.YJT
IRR b^Q6
Sales daCkjDGl\
64000 IR3+BDE)>
48000 ajG_t
&hZ.K"@7{
Cost of sales >B``+Z^2
54000 7Ou]!AOhG
42000 G,+3(C
_J2?B?S/j
Net profit Zcw<USF8
30 3xRn
-20 ci+a
jON
/?j
kVy*"
i"
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December 31, 20×8 DGTE#?'(
December 31, 20×7 ,+Ocb-*
n@H;*nI|
Inventory 6*EIhIQ(
16000 YnU*MC}
12000 h'GOO(
Ll%}nti
Current assets a".iVf6y
60000 }Q9+krrow
50000 cb|hIn\>7
YADXXQ"
Total assets [5
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100000 1Ke9H!_P
90000 3&"uf9d
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Current liabilities TtWzjt
20000 JbitRV@a
18000 Kv:.bHN}
4M0p:Ey '
Total liabilities o*E32#l
30000 x
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25000 NU'2QSU8
(["V( $
ugj I$u
During the audit, John has the following findings: 0k_3]Li=(
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ]R!Y
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Dr. Cash in Bank RMB 5820000 \QG2
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Dr. Financial Expenses RMB 180000 +~:OUR*>
Cr. Notes Receivable RMB 6000000 .h/2-pQ>
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ePR9r}
Dr. Non-operating Expenses RMB 3000000 8$ RiFD,
Cr. Provisions RMB 3000000 C
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 8N |K
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: VMo:pV
Dr. Provisions RMB 3000000 |#BN!kc
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 W lW%z(RC
Required: ~e)"!r
(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. G
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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: I\M
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(a)Inventory Turnover Rate in 20×8; rf`xY4I\
(b)Gross Profit Ratio in 20×8; .!+7|us8l\
(c)After Tax Return on Total Assets in 20×8; and iv]
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(d)Current Ratio as at December 31, 20×8 e7-IqQA{3C
(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. Vo.~1^
【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。 PRBlf
以下是未经审计财务报表的部分信息: X(.[rC>
(单位:千元) CGb4C(%-7
项目 20×8 20×7 UKTfLh
营业收入 64 000 48 000 &U`ug"/k
营业成本 54 000 42 000 !I&,!$
净利润 30 -20 z6,E}Y
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20×8年12月31日 20×7年12月31日 M
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存货 16 000 12 000 @J qo'\~&
流动资产 60 000 50 000 +7AH|v8
总资产 100 000 90 000 K3WaBcm
流动负债 20 000 18 000 m
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总负债 30 000 25 000 `|v/qk7
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在审计过程中,约翰发现以下事项: 8<ev5a
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(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: <c<!|<x
借:银行存款5 820 000 p&4n"hC
财务费用 180 000 o=Mm=;H
贷:应收票据6 000 000 G;[O~N3n.
(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: f+1'Ah0'E
借:营业外支出 3 000 000 &m\Uc
贷:预计负债 3 000 000 mb%U~Na
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: h qhX
借:预计负债 3 000 000 <9:~u]ixt
贷:银行存款 2 500 000 C(8!("tU
营业外收入 500 000 IDpx_
要求: $b7@S`5
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ,&fZo9J9
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: l[%=S!
(a)20×8年存货周转率 bR:hu}YS
(b)20×8年销售毛利率 ,Jn` qvmi
(c)20×8年总资产净利率 =FiO{Aw`N
(d)20×8年12月31日的流动比率 ;i/? fw[h
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Mc(|+S@w'
【答案】 AGO"),
(1)应选择营业收入作为计算重要性水平的基础。 ufw[Ei$I:
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .yD
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 _2}~Vqb+
销售毛利率=(64000-54000)/64000×100%=15.63% |;d#k+/;
总资产净利率=30/[(100000+90000)/2]=0.03% 1A#/70Mo
流动比率=60000/20000=3 vM$hCV~N
(3) \I<R.49oW
a.应建议做如下审计调整分录: vfXNN F
借:应收票据 6 000 000 f|F=)tJO
贷:短期借款 5 820 000 =*zde0T?l
财务费用 180 000 JR&yaOws
b.应建议做如下审计调整分录: J6>tGKa+e
借:预计负债 3 000 000 8K8jz
9.s
贷:营业外支出 500 000 WB<MU:.Vc
其他应付款 2 500 000 lk
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