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)。 06pvI}
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: hN'])[+V
(Expressed in RMB thousands) 0y9 b0
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FINANCLAL STATEMENTS ITEMS LQR2T5S/Q,
20×8 |GnTRahV.
20×7 |HK:\)L%
_HUbE /
Sales nzflUR{`-
64000 iT-coI
48000 ,Z"<-%3
6$r\p2pi0
Cost of sales /WTEz\k
54000 +x"uP
42000 QadguV6|
-@#w)
Net profit WBE>0L
30 SB\%"nnV
-20 3%Y:+%VE
&$
h~Q
8?+|4:#=*J
December 31, 20×8 ! K>iSF<
December 31, 20×7 +Y%6y]8
g
lMHT,
Inventory 7QsD"rL
16000 "313eeIt%i
12000 {6'Xz
vQEV,d1
Current assets V"4Z9Qg}
60000 !__0Vk[s
50000 ,S-h~x
rpT.n-H>%A
Total assets ^LMgOA(7
100000 cl~Yx4
90000 fW-C`x
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Current liabilities EA& 3rI>U)
20000 j#](Q!
18000 (>v'0RA
l[}4
X/
Total liabilities c5YPV"X
30000 ,>
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25000 5f-b>=02
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During the audit, John has the following findings: .Nn11F< d
(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: 4yl{:!la
Dr. Cash in Bank RMB 5820000 h|qJ{tUWc$
Dr. Financial Expenses RMB 180000 YT\@fgBt
Cr. Notes Receivable RMB 6000000 {D+mr[ %
(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: rJ!cma
Dr. Non-operating Expenses RMB 3000000 8%[pno
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Cr. Provisions RMB 3000000 $coO~qvU
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 _wq?Pa<)e
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: A]z*#+Sl
Dr. Provisions RMB 3000000 9njl,Q:
Cr. Cash in Bank RMB 2500000 k
ka5=u
Cr. Non-operating Income RMB 500000 [^5\Ww
Required:
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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. Cx7-I0!
(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: 6}4})B2
(a)Inventory Turnover Rate in 20×8; 7GgZ: $d
(b)Gross Profit Ratio in 20×8; qkb'@f=
(c)After Tax Return on Total Assets in 20×8; and
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(d)Current Ratio as at December 31, 20×8 @+u>rS|IB
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. mayJwBfU
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 % MHb
以下是未经审计财务报表的部分信息: -=ZL(r
1
(单位:千元) m#7(<#
项目 20×8 20×7 [{x}# oRSE
营业收入 64 000 48 000 /(N/DMl[
营业成本 54 000 42 000 -pC8 L<
净利润 30 -20 @A/k"Ax{r
ht3.e[%'b
20×8年12月31日 20×7年12月31日 9j,g&G.K
存货 16 000 12 000 z|l*5@p
流动资产 60 000 50 000 Ni,nQ;9
总资产 100 000 90 000 %q {q.(M#
流动负债 20 000 18 000 AU{"G
总负债 30 000 25 000 dr
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在审计过程中,约翰发现以下事项: .|UQ)J?s
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: >[}oH2oi
借:银行存款5 820 000 K@D\5s|1|
财务费用 180 000 M+/xw8}a
贷:应收票据6 000 000 ?e7]U*jEU
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ^t;z;.g
借:营业外支出 3 000 000 M^
FY6TT4O
贷:预计负债 3 000 000 ud1M-lY\U
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: D Ez,u^
借:预计负债 3 000 000 qL(Q1O!
贷:银行存款 2 500 000 _fGTTw(
营业外收入 500 000 V$^jlWdR
要求: ccD+AGM.
(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。 NxT"A)u
(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: zw0w."V
(a)20×8年存货周转率 _VtQMg|u
(b)20×8年销售毛利率 P]_d;\
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(c)20×8年总资产净利率 ZCiCZ)oc
(d)20×8年12月31日的流动比率 r"h;JC/&<T
(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) ~wc:/UM|
【答案】 E~'mxx~i
(1)应选择营业收入作为计算重要性水平的基础。 vvoxK 0
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 UO/sv2CN
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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% $pGT1oF[E
总资产净利率=30/[(100000+90000)/2]=0.03% 7N.b-}$(
流动比率=60000/20000=3 c0!.ei
(3) gq?:n.;TY
a.应建议做如下审计调整分录: TkbaoD
借:应收票据 6 000 000 PNU(;&2<
贷:短期借款 5 820 000 }aCa2%
财务费用 180 000 /7Q|D sa
b.应建议做如下审计调整分录: 6
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借:预计负债 3 000 000 e#eVc'=cDR
贷:营业外支出 500 000 EE/mxN(<
其他应付款 2 500 000 1H)mJVIKkB