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)。 $by-?z((
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: ;K 38I}
(Expressed in RMB thousands) |g]TWKc*
FINANCLAL STATEMENTS ITEMS *%_:[>
20×8 3)v6N_
20×7 9'F-D
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Sales {n
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64000 2/S~l;x
48000 Okm&b g
K_j$iHqLF
Cost of sales <cG .V|B
54000 SvC|"-[mJ
42000 g/,fjM_
<e"O`*ZJ
Net profit Kd^{~Wlz&z
30 B% !z7AT
-20 B;tU+36nM
Vr/UbgucJ
r
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December 31, 20×8 :gv`)
December 31, 20×7 RP'`\||*
1\1a;Q3W%,
Inventory 5zG6V2
16000 i$[wgvJIV
12000 rm2"pfs
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Current assets qQN&uBQ[
60000 <K!5N&vh
50000 'Y3>+7bI
q:sDNj)R\
Total assets |`T3H5X>
100000 :0>wm@qCQ
90000 Ib.`2@o&
en>d T
Current liabilities fVv#|
20000 ,}F2l|x_
18000 jfF,:(P%W
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Total liabilities pgz3d{]ua
30000 8}h ^Frh
25000 ;SkC[;`J
6'ye-}vD-
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During the audit, John has the following findings: KTxdZt
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: u.iFlU
Dr. Cash in Bank RMB 5820000 ]YkF^Pf!v
Dr. Financial Expenses RMB 180000 g6EdCG.V
Cr. Notes Receivable RMB 6000000 0$l=ME(
(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: Malt7M
Dr. Non-operating Expenses RMB 3000000 B#o(21s
Cr. Provisions RMB 3000000 9oS \{[x.
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =BY)>0?z
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: J]ivIQ
Dr. Provisions RMB 3000000 AC3K*)`E
Cr. Cash in Bank RMB 2500000 R[
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Cr. Non-operating Income RMB 500000 Taxi79cH
Required: k6rX/ocu
(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. nS[0g^}
(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: A=|LMJMWR
(a)Inventory Turnover Rate in 20×8; _dppUUm
(b)Gross Profit Ratio in 20×8; n"Ec %n
(c)After Tax Return on Total Assets in 20×8; and hZI9*=`,"
(d)Current Ratio as at December 31, 20×8 |GE3.g
(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. w<j6ln+nM
【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。 VuFMjY
以下是未经审计财务报表的部分信息: O;
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(单位:千元) g#`(&
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项目 20×8 20×7 &w:"e'FG`
营业收入 64 000 48 000 H? N!F7s
营业成本 54 000 42 000 ,^O**k9F
净利润 30 -20 KrVF>bq+
R?1;'pvpa[
20×8年12月31日 20×7年12月31日 Gh0H)
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存货 16 000 12 000 UV)[a%/SB&
流动资产 60 000 50 000 (rFY8oHD
总资产 100 000 90 000 CZE5RzG
流动负债 20 000 18 000 tr7FV1p
总负债 30 000 25 000 e.G&hJr
在审计过程中,约翰发现以下事项: KXcG;b[7n
(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: "m})~va
借:银行存款5 820 000 a}`4BMi3
财务费用 180 000 l#%Y]1*
贷:应收票据6 000 000 J/w?Fa<
(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: .{H
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借:营业外支出 3 000 000 ^R1
nOo/
贷:预计负债 3 000 000 2i',
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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: S +|aCRS
借:预计负债 3 000 000 Yg/e 8Q2
贷:银行存款 2 500 000 h3aHCr E
营业外收入 500 000 gm8L
5c
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要求: K>Fo+f
(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。 X55Eemg/
(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: aMuc]Wy#
(a)20×8年存货周转率 N<Rb<p%
(b)20×8年销售毛利率 x ' 3<F
(c)20×8年总资产净利率 Kr=DoQ."d8
(d)20×8年12月31日的流动比率 9g
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(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) 3nd02:
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【答案】 Um;ReJ8z
(1)应选择营业收入作为计算重要性水平的基础。 QV+('
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Ts0.Ck
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 RmO-".$yt
销售毛利率=(64000-54000)/64000×100%=15.63% |^Try2@
总资产净利率=30/[(100000+90000)/2]=0.03% ]N-K`c]
流动比率=60000/20000=3 5'\/gvxIC
(3) "K
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a.应建议做如下审计调整分录: /+2^xEIjE
借:应收票据 6 000 000 J[L$8y:
贷:短期借款 5 820 000 E8jdQS|i
财务费用 180 000 zdyS"H}
b.应建议做如下审计调整分录: nE]R0|4h
借:预计负债 3 000 000 QYV
T"$=
贷:营业外支出 500 000 (o{QSk\
其他应付款 2 500 000 q ]rsp0P2