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)。 _b/zBFa%
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: 52
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(Expressed in RMB thousands) 62,dFM7
FINANCLAL STATEMENTS ITEMS eR>8V8@
20×8 jSHFY]2
20×7 0&fO)de96
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Sales ; U7P{e05
64000 0Fon`3(^\
48000 t3?I4HQ
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Cost of sales GTTEg{
54000 1eV&oN#
42000 jQ'g'c!
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Net profit "=
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30 gg rYf*
-20 "P@ SR`v#
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December 31, 20×8 _V1:'T8
December 31, 20×7 >itabG-&
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Inventory r,.j^a
16000 ,aUbB8
12000 <`=Kt[_BQ
R_g(6l"3R^
Current assets N9#xT X
60000 d9U)O6=
50000 gsEcvkj*
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Total assets ^o _J0
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100000 L5zCL0j`
90000 M_UmnqN1C
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Current liabilities a}f/<-L
20000 ,D }Ka?
18000 7- LjBlH
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Total liabilities kO*\JaD
30000 !',%kvJI
25000 "u4x#7n|
xrBM`Bj0@
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During the audit, John has the following findings: :vEfJSA
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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: @w.DN)GPo
Dr. Cash in Bank RMB 5820000 7bO>[RQB
Dr. Financial Expenses RMB 180000 WvJ:yUb2
Cr. Notes Receivable RMB 6000000 ^?(#%~NS
(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: w.J$(o(/
Dr. Non-operating Expenses RMB 3000000 uQn
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Cr. Provisions RMB 3000000 !idVF!xG
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 >lqo73gM9
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: F."ZCEb
Dr. Provisions RMB 3000000 ?qSwV.l]d
Cr. Cash in Bank RMB 2500000 ak_y:O|
Cr. Non-operating Income RMB 500000 .-T P1C
Required: B@ufrQ#Y.
(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. 8N"WKBj|_d
(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: f'5
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(a)Inventory Turnover Rate in 20×8; ^{=UKf{
(b)Gross Profit Ratio in 20×8; CEw%_U@8
(c)After Tax Return on Total Assets in 20×8; and [QQM/ ?
(d)Current Ratio as at December 31, 20×8 /*BU5
(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 u";rnj
【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。 pL[3,.@WA
以下是未经审计财务报表的部分信息: { ?jXPf
(单位:千元) P/[RH
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项目 20×8 20×7 )SZ#%OE*
营业收入 64 000 48 000 DBaZ cO(
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营业成本 54 000 42 000 J!~kqNI
净利润 30 -20 zY*~2|q,s
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20×8年12月31日 20×7年12月31日 >m;nt}f'+
存货 16 000 12 000 -R]~kGa6m<
流动资产 60 000 50 000 3o>JJJ=]
总资产 100 000 90 000 VO {z)_
流动负债 20 000 18 000 yevJA?C4 v
总负债 30 000 25 000 dr
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在审计过程中,约翰发现以下事项: +L'Cbv= "
(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: :tnW ivrwR
借:银行存款5 820 000 U*yOe*>
财务费用 180 000 <N~9=g3
贷:应收票据6 000 000 T_UJ?W
(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: U<sGj~"#
借:营业外支出 3 000 000 H}G 9gi
贷:预计负债 3 000 000 d6[' [dG
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: Q=DMfJ"
借:预计负债 3 000 000 Vi^vG`L9
贷:银行存款 2 500 000 w[3a^
营业外收入 500 000 wY%t# [T3
要求: 6[R6P:v&'G
(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。 H$WD7/
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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: a]5y
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(a)20×8年存货周转率 R(&3})VOa
(b)20×8年销售毛利率 wM7Iu86
(c)20×8年总资产净利率 NhNd+SCZ@
(d)20×8年12月31日的流动比率 Qt>kythi
(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) gSwHPm%zn
【答案】 Ev3'EA~`
(1)应选择营业收入作为计算重要性水平的基础。 <
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 C|IHRw`[
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 DQ/rx`BG
销售毛利率=(64000-54000)/64000×100%=15.63% F[jqJzCz
总资产净利率=30/[(100000+90000)/2]=0.03% C<9GdN
流动比率=60000/20000=3 #m<uG5l`
(3) eE
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a.应建议做如下审计调整分录: 3 !sZA?q
借:应收票据 6 000 000 (X5y%~;V5a
贷:短期借款 5 820 000 Wvu1?
财务费用 180 000 )l
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b.应建议做如下审计调整分录: c C) <Y#1
借:预计负债 3 000 000 n<FUaR>q}
贷:营业外支出 500 000 l4taD!WD/
其他应付款 2 500 000 $ `\qY ^.(