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)。 3R)_'!R[B
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: 4elA<<
(Expressed in RMB thousands) MGfIA?u
FINANCLAL STATEMENTS ITEMS z!>ml3
20×8 v|@1W Uc,g
20×7 GPLq$^AH
T[+~-D @
Sales PsCr[\Ul
64000 vD3j(d
48000 (hn;C>B
iiD}2yb
Cost of sales ]m@p? A$
54000 C{2y*sx
42000 P)rz%,VF+
b|E1>TkY
Net profit "
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30 ix!4s613w
-20 ]JvZ{fA%*
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December 31, 20×8 xXfFi5Eom
December 31, 20×7 *wu|(t_ A
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Inventory 7?a!x$-U(
16000 st-I7K\v
12000 X].Igb)2
At)\$GJ
Current assets rO7[{<97m
60000 ,;~@t:!c
50000 ^;mnP=`l[
jrZH1dvE
Total assets f3"sKL4|
100000 r"W,G/;h
90000 WN3]xw3
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Current liabilities t# <(Q
20000 |tdsg
18000 SeIL
;k5B@z/<S
Total liabilities z%44@TP
30000 v%!'vhf_K
25000 `z~L0h
thrv_
^A
-cL wjI
During the audit, John has the following findings: *@zya9y9q
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: zIy&gOX
Dr. Cash in Bank RMB 5820000 K\y
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Dr. Financial Expenses RMB 180000 IXof-I%8
Cr. Notes Receivable RMB 6000000 -PLh|
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: j5V{,lf
Dr. Non-operating Expenses RMB 3000000 b_>x;5k
Cr. Provisions RMB 3000000 eg(1kDMpn
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 /{FSG!
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 9M Ug/
Dr. Provisions RMB 3000000 /\d@A B^5I
Cr. Cash in Bank RMB 2500000 ;$/]6@bqB
Cr. Non-operating Income RMB 500000 4d;.p1ro
Required: 7 jiy9[
(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. #v}pn2g%>
(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: z\+Ug9Of
(a)Inventory Turnover Rate in 20×8; bguTWI8bk
(b)Gross Profit Ratio in 20×8;
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(c)After Tax Return on Total Assets in 20×8; and JE ''Th}
(d)Current Ratio as at December 31, 20×8 lCiRvh1K
(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. -mqL[ h,
【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。 I,@
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以下是未经审计财务报表的部分信息: LQXMGgp
(单位:千元) zp:EssO=Q
项目 20×8 20×7 :XCRKRDLE
营业收入 64 000 48 000 %{ +>\0x
营业成本 54 000 42 000
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净利润 30 -20 wjfc9z
pv@w 8*
20×8年12月31日 20×7年12月31日 NXSjN~aG2
存货 16 000 12 000 E<r<ObeRv`
流动资产 60 000 50 000 zr^"zcfz&
总资产 100 000 90 000 KkyZd9
流动负债 20 000 18 000 fO,m_
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总负债 30 000 25 000 J{e`P;ND
在审计过程中,约翰发现以下事项: cNiNLwc
(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: IA^*?,A
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借:银行存款5 820 000 2g$;ZBHO|8
财务费用 180 000 LXf*
贷:应收票据6 000 000 qX:YI3:,@
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: K-4o_:F
借:营业外支出 3 000 000 RKD$'UWX
贷:预计负债 3 000 000 dlCmSCp%
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: 7[It
借:预计负债 3 000 000
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贷:银行存款 2 500 000 -I.BQ
营业外收入 500 000 zCI.^^<?
要求:
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(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。 rHJtNN8$k
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: #y*p7~|@
(a)20×8年存货周转率 m\@ q2
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(b)20×8年销售毛利率 LZz]4Mf
(c)20×8年总资产净利率 iG+=whvL
(d)20×8年12月31日的流动比率 Z!*k 0<Z
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响)
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【答案】 |DLmMsS4
(1)应选择营业收入作为计算重要性水平的基础。 g4}K6)@
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 5;X3{$y
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86
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销售毛利率=(64000-54000)/64000×100%=15.63% wPl9%
总资产净利率=30/[(100000+90000)/2]=0.03% kS<9cy[O
流动比率=60000/20000=3 ,nSapmg
(3) sDP
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a.应建议做如下审计调整分录: -~ H?R
借:应收票据 6 000 000 8]&\FA 8
贷:短期借款 5 820 000 (\H^KEy
财务费用 180 000 rFhi:uRV
b.应建议做如下审计调整分录: x bD]EC
借:预计负债 3 000 000 BjV;/<bt
贷:营业外支出 500 000 1-~sj)*k
其他应付款 2 500 000 (x140_TH~