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-.W"t4
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: L{jJDd
(Expressed in RMB thousands) P9p:x6
FINANCLAL STATEMENTS ITEMS +D[|L1{xb
20×8 B]L5K~d
20×7 XAW$"^p
X^ckTIdR
Sales E0!}~Z)
64000
H;s
48000 mEfI2P)#|
ns[v.YDL
Cost of sales Umjt~K^Z
54000 ,;)Y1q}Q
42000 XAwo~E
>A5R
Net profit f]`#BE)V
30 91qk0z`N
-20 T6h-E^Z
T$T:~8tK3
7K,Quq.%+
December 31, 20×8 u~[HC)4(0
December 31, 20×7 rl4B(NZi}
M(|Qvh{Q6
Inventory
u?5d%]*
16000 #no~g(!o
12000 zI$^yk-vn
u.sF/T=6f
Current assets {a^A-Xh[u
60000 |I-;CoAg
50000 +PgUbr[p
l*>t@:2J
Total assets to,DN2rN
100000 |z\5Ik!fF]
90000 Hy^Em
2+zE|I.
Current liabilities 1^XuH('
20000 r8g4NsRVtv
18000 pd{W(M78g
vQ/}E@?u
Total liabilities rqW[B/a{
30000 $&~/`MxE
25000 fZ1v|
E9z^# @s
wgfA\7Z
During the audit, John has the following findings: yTzP{I
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: wmKM:`&[5
Dr. Cash in Bank RMB 5820000 bwo-9B
Dr. Financial Expenses RMB 180000 _OV\W'RrA
Cr. Notes Receivable RMB 6000000 cKuU#&FaV
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: VeiJ1=hc
Dr. Non-operating Expenses RMB 3000000 jXA!9_L7
Cr. Provisions RMB 3000000 !$Aijd s5
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ie|I*;#
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: _nu,ks+
Dr. Provisions RMB 3000000 )*#Pp )Q
Cr. Cash in Bank RMB 2500000 ^,u0kMG5l
Cr. Non-operating Income RMB 500000 &7Frg`B&:
Required: e~R;
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(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. 3D_Ky Z~M+
(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: XndGe=O
(a)Inventory Turnover Rate in 20×8; x{4Rm,Dxn
(b)Gross Profit Ratio in 20×8; >dKK [E/[d
(c)After Tax Return on Total Assets in 20×8; and rt">xVl
(d)Current Ratio as at December 31, 20×8 Ft%HWGE
(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. j
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【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。 !Ic;;<
以下是未经审计财务报表的部分信息: (ii6w d<*
(单位:千元) zRTR
项目 20×8 20×7 OQzJRu)mF#
营业收入 64 000 48 000 mr:;Wwd
营业成本 54 000 42 000 +Qy*s1fit
净利润 30 -20 fxfzi{}uj
Y g>W.wA
20×8年12月31日 20×7年12月31日 H.-jBFt}
存货 16 000 12 000 T}} 0hs;
流动资产 60 000 50 000 *Q2;bmIc
总资产 100 000 90 000 9~+A<X]Hd
流动负债 20 000 18 000 O7@CAr
总负债 30 000 25 000 OLXkiesK{
在审计过程中,约翰发现以下事项: $=dp)
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: &<I*;z6%t
借:银行存款5 820 000 m-f"EFmP
财务费用 180 000 hUirvDvX
贷:应收票据6 000 000 TDI8L\rr
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: B$~oZ'4v
借:营业外支出 3 000 000 tX;00g;U.
贷:预计负债 3 000 000 ,#3}TDC
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: y*2R#jTA
借:预计负债 3 000 000 `5 py6,
贷:银行存款 2 500 000 'Cy^G;
营业外收入 500 000 KTn,}7vZ
要求: t~pA2?9@
(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。 [?3*/*V
(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: "|W .o=R
(a)20×8年存货周转率 B{|g+c%
(b)20×8年销售毛利率 hW*2Le!I
(c)20×8年总资产净利率 ~ILig}I
(d)20×8年12月31日的流动比率 T1zft#1~
(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) ?]%JQ]Gf*
【答案】 "bZV<;y6
(1)应选择营业收入作为计算重要性水平的基础。 r\]yq-_
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 a] :tn:q
YArNJ5z=
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 6cof Zc$
销售毛利率=(64000-54000)/64000×100%=15.63% }*Qd]\fy
总资产净利率=30/[(100000+90000)/2]=0.03% A.7:.5Cx'
流动比率=60000/20000=3 7L)1mB.
(3) ^_4TDC~h
a.应建议做如下审计调整分录: :0o
$qz2
借:应收票据 6 000 000 3oX%tx
贷:短期借款 5 820 000 "^-U#f>k
财务费用 180 000 Hh @q
;0ni
b.应建议做如下审计调整分录: 5zJkPki
借:预计负债 3 000 000
'$Jt}O
贷:营业外支出 500 000 N/)mw/?i
其他应付款 2 500 000 WtI1h `Fo