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)。 ]Bw0Qq F#
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: Cy/&KWLenf
(Expressed in RMB thousands) TkbaoD
FINANCLAL STATEMENTS ITEMS PNU(;&2<
20×8 em$pU*`P
20×7 FL0uY0K
7nZPh3%
Sales 6 SSDc/
64000 ny={OhP-
48000 ~Bd=]a$mj
39pG-otJ
Cost of sales nla6QlFYn*
54000 ]I*c:(qwu
42000 !3v&+Jrf6
2z.ot'
Net profit bS.w<V
Ew
30 XR5KJl
-20 s='+[*&&
W:w~ M'o
JTlk[c
December 31, 20×8 H=r-f@EOrI
December 31, 20×7 k$EVr([
D28`?B9(
Inventory gT+/nSrLV
16000 Ia&R/I
12000 "tK%]c d-
YFKE>+
Current assets NE995;
60000
+2tQFV;
50000 EeIDlm0o
6|TSH$w_
Total assets !_S>ER
100000
;"3B,Yj
90000 IG-\&
R[WiW RfD
Current liabilities 'sNZFB#
20000 ZedFhm
18000 *O?c~UJhhV
GkIE;7#2kX
Total liabilities 5J5si<v25
30000 U=>S|>daR
25000 @KG0QHyiU
t6+m` Kq
^;C&
During the audit, John has the following findings: XtF
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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: NnZW@ln"|
Dr. Cash in Bank RMB 5820000 4s\spvJ
Dr. Financial Expenses RMB 180000 h}bfZL
Cr. Notes Receivable RMB 6000000 Cs $5Of(
(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: GQ_KYS{
Dr. Non-operating Expenses RMB 3000000 cHFi(K]|1
Cr. Provisions RMB 3000000 EM,C
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 en<mm#Ab
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: W,q @ww u
Dr. Provisions RMB 3000000 _z5/&tm_H
Cr. Cash in Bank RMB 2500000 c]=2>ov)hR
Cr. Non-operating Income RMB 500000 yNu_>!Cp5
Required: *zfgO pK
(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. u\R?(G&
(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: N2r zHK
(a)Inventory Turnover Rate in 20×8; n:j'0WW
(b)Gross Profit Ratio in 20×8; _Hb;)9y
(c)After Tax Return on Total Assets in 20×8; and jX53 owZ
(d)Current Ratio as at December 31, 20×8 7y=>Wa ?T[
(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. {C1crp>q
【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。 ^E&PZA\,;
以下是未经审计财务报表的部分信息: W{p
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(单位:千元) 3;nOm =I
项目 20×8 20×7 -@TY8#O#-
营业收入 64 000 48 000 Ts iJK
营业成本 54 000 42 000 nhI+xqfn
净利润 30 -20 *MF9_V)8V
=KRM`_QShg
20×8年12月31日 20×7年12月31日 7 WJ\nK
存货 16 000 12 000 8`=?_zF
流动资产 60 000 50 000 $-4](br|
总资产 100 000 90 000 (Wzp sDte
流动负债 20 000 18 000 .hTqZvDa
总负债 30 000 25 000 MDMd$]CW
在审计过程中,约翰发现以下事项: '3.\+^3
(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: Z9{~t
借:银行存款5 820 000 [g}Cve#i
财务费用 180 000 j50vPV8m
贷:应收票据6 000 000 dj gk7
(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: b UG,~\Z
借:营业外支出 3 000 000 pP<8zTLn
贷:预计负债 3 000 000 %L|fTndKH
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: =]5tYIU
借:预计负债 3 000 000 rb?7i&-
贷:银行存款 2 500 000 MlO OB
营业外收入 500 000 CEy\1D
要求: 1 $E(8"l
(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。 q?,PFvs"
(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: \i.]-k
(a)20×8年存货周转率 Spm 0`
(b)20×8年销售毛利率 "~KDm(D
(c)20×8年总资产净利率 }~FX!F#oU
(d)20×8年12月31日的流动比率 M!&Hn,22
(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) ]4:QqdV
【答案】 K7}.# *% ~
(1)应选择营业收入作为计算重要性水平的基础。 Mw[3711v
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 qpQ;,8X-"
$H:!3-/
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 &AiAd6
销售毛利率=(64000-54000)/64000×100%=15.63% 1\hLwG6Jj
总资产净利率=30/[(100000+90000)/2]=0.03% }1a}pm2p
流动比率=60000/20000=3 <o E
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(3) ?_Qe45 @
a.应建议做如下审计调整分录: wO??"${OH
借:应收票据 6 000 000 Koa9W>!
贷:短期借款 5 820 000 L*z=!Dpo
财务费用 180 000 m^X51,+<
b.应建议做如下审计调整分录: \"P{8<h.3
借:预计负债 3 000 000 U-|]A\`)I
贷:营业外支出 500 000 '/Aq2
其他应付款 2 500 000 1M ?BSH{