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)。 =^DLywAh}u
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: _`-1aA&n~
(Expressed in RMB thousands) A
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FINANCLAL STATEMENTS ITEMS ,YYVj{~2
20×8 xG2F!WeF
20×7 ShOX<Fb&
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Sales C(T;>if0NH
64000 dP2irC%f8
48000 Mz]:}qmFA
:nY2O
Cost of sales =}!Mf'
54000 d(`AXyw
42000 9O*_L:4o
lK7m=[j
Net profit +UN <Zp7I/
30 u+t$l^S
-20 7Z,op
c
nz.{P@[Qk
$
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December 31, 20×8 @F*wg
December 31, 20×7 [4&#*@
Ck =;1sGh
Inventory VhGs/5
16000 #V02hs1
12000 i+3fhV
/\s}uSW
Current assets SzDKByi
60000 U:6W+p8
50000 \VMD$zZx
4674SzL
Total assets |! SOG
100000 )D-c]+yt
90000 /e}#'
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Current liabilities T^<>Xiam
20000 rX7QbAB
18000 g?v\!/~(u
qGmNz}4D5
Total liabilities
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30000 OX:O^ (-r,
25000 \qvaE+
nn b8Gcr
# {fTgq
During the audit, John has the following findings: gnp~OVDqfL
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: U!%!m'
Dr. Cash in Bank RMB 5820000 XNM
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Dr. Financial Expenses RMB 180000 l=N2lHU
Cr. Notes Receivable RMB 6000000 XMB[h
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: w=h1pwY
Dr. Non-operating Expenses RMB 3000000
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Cr. Provisions RMB 3000000 4Tc&IwR
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 y %$O-q
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: )? M9|u
Dr. Provisions RMB 3000000 Hd7,ZHj3^
Cr. Cash in Bank RMB 2500000 $N']TN
Cr. Non-operating Income RMB 500000 dm"n%
Required: 1T_QX9
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. . #Z+Z
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: (C]
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(a)Inventory Turnover Rate in 20×8; j6~nE'sQ
(b)Gross Profit Ratio in 20×8; SjjIr ^
(c)After Tax Return on Total Assets in 20×8; and c H-@V<
(d)Current Ratio as at December 31, 20×8 0qjXQs}
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. ;VO.!5W@eg
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Kz<@x`0
以下是未经审计财务报表的部分信息: HBys
(单位:千元) KD1=Y8
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项目 20×8 20×7 =@u 5|:
营业收入 64 000 48 000 @ ''GPL@
营业成本 54 000 42 000 c(co\A.]:6
净利润 30 -20 FEPXu
Cb
5G0$
20×8年12月31日 20×7年12月31日 3QSZ ZJ
存货 16 000 12 000
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流动资产 60 000 50 000 m|=Ecu
总资产 100 000 90 000 P+t#4J
流动负债 20 000 18 000 +5.t. d
总负债 30 000 25 000 N4;7gSc"
在审计过程中,约翰发现以下事项: 4ww]9J
(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: 0w'j+
借:银行存款5 820 000 Z=4{Vv*
财务费用 180 000 -IlJ^Al4
贷:应收票据6 000 000 `G1&Z]z
(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: j7FN\
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借:营业外支出 3 000 000 H* ,,^
贷:预计负债 3 000 000 $rXh0g
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: x5dWBGH
借:预计负债 3 000 000 ~`>e5OgOJ
贷:银行存款 2 500 000 Nf3.\eR
营业外收入 500 000 C 8#@+ Q.
要求: 4E8JT#&
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 PUQES(&
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: C=uZ1xg*,
(a)20×8年存货周转率 H9 C9P17
(b)20×8年销售毛利率 #B'aU#$u
(c)20×8年总资产净利率 {Z; jhR,
(d)20×8年12月31日的流动比率 KucV3-I
(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) d1!i(MaV!
【答案】 EzW)'Zzw~
(1)应选择营业收入作为计算重要性水平的基础。 <";,GaZQ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 p3ISWJa!
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Mcw4!{l`
销售毛利率=(64000-54000)/64000×100%=15.63% , "jbq~
总资产净利率=30/[(100000+90000)/2]=0.03% syx\gz
流动比率=60000/20000=3 :"6q,W
(3) OQ :dJe6
a.应建议做如下审计调整分录: !>x|7
借:应收票据 6 000 000 `=#01YX[0
贷:短期借款 5 820 000 TUL
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财务费用 180 000 X.ONa_
b.应建议做如下审计调整分录: H@X oqgI
借:预计负债 3 000 000 U(&oj e
贷:营业外支出 500 000
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其他应付款 2 500 000 i$^)UZJ&0