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)。 f4BnX(1u
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: kcQ'$<Mz<
(Expressed in RMB thousands) 435;Vns\n
FINANCLAL STATEMENTS ITEMS ]niJGt
20×8 D_x+:1(
20×7 ;s52{>&F]
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Sales I}t#%/'YA
64000 eQ&ZX3*}
48000 HcqfB NM
PTEHP
Cost of sales _vZ"4L+Iw+
54000 F}=aBV|-
42000 6qaulwV4t
46 PoM
Net profit NM06QzE
30 N"3b{Qio
-20 zSFDUZ]A3
KhMSL
3}/&w\$
December 31, 20×8
OD5m9XS
December 31, 20×7 L>YU,I\o
3Oi
nK['
Inventory oIefw:FE,a
16000 ^g`&7tX
12000 TsGE cxIg
$k2*[sn,
Current assets 3#TV5+x*"`
60000 AU$Uxwz4
50000 V#`fs|e;y
WASU0
Total assets +9")KQT
100000 ph-ATJ"
90000 QI3Nc8t_2
|0%+wB
Current liabilities uNHF'?X
20000 G;~V
18000 J52
o
g4l
kJ Mf
Total liabilities ruazOmnn~
30000 gwWN%Z"
25000 0eS)&GdR
x*Y@Q?`>5W
7K5P8N
,
During the audit, John has the following findings: &Y^WP?HS
(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: 'FS?a
Dr. Cash in Bank RMB 5820000 1)[]x9]^q'
Dr. Financial Expenses RMB 180000 z~>pVs
Cr. Notes Receivable RMB 6000000 |e2be1LD
(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: y})70w@+_
Dr. Non-operating Expenses RMB 3000000 =F;.l@:
Cr. Provisions RMB 3000000 @!8ZPiW<
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 YR;
^hs?
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: x4/M}%h!;B
Dr. Provisions RMB 3000000 J|w)&bV
Cr. Cash in Bank RMB 2500000 txPIG
/
Cr. Non-operating Income RMB 500000 6l4mS~/
Required: FTeu~<KpM
(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. V@\%)J'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: T
N!=@Gy
(a)Inventory Turnover Rate in 20×8; +fnK/%b
(b)Gross Profit Ratio in 20×8; S*,rGCt'T
(c)After Tax Return on Total Assets in 20×8; and 3hK#'."`N
(d)Current Ratio as at December 31, 20×8 W[}s o6
(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. ($~RoQ=0S
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 q=9`06
以下是未经审计财务报表的部分信息: ;Yg{zhJX~
(单位:千元) 7ek&[SJ>,/
项目 20×8 20×7 Cj?L@%"
营业收入 64 000 48 000 '`Wwt
.A
营业成本 54 000 42 000 pm9%%M$
净利润 30 -20 G2^et$<{uU
E]6z8juO6
20×8年12月31日 20×7年12月31日 NMi45y(Y
存货 16 000 12 000 +
Q6l*:<|c
流动资产 60 000 50 000 +|ycvHd
总资产 100 000 90 000 kWrp1`
流动负债 20 000 18 000 B.L]Rk\4
总负债 30 000 25 000 5Fz.Y}
在审计过程中,约翰发现以下事项: ?Oc{bF7
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 3dDX8M?
借:银行存款5 820 000 ? mhs$g>
财务费用 180 000 o#hjvg
贷:应收票据6 000 000 ]J#9\4Sq
(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: lbuA
E%
借:营业外支出 3 000 000 |eWjYGwJa
贷:预计负债 3 000 000 s|NjT
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: XyOl:>%L!P
借:预计负债 3 000 000 E~AjK'Z
贷:银行存款 2 500 000 Q8_ d)t|
营业外收入 500 000 +/ &_v^sC;
要求: H`g
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(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。 :(H> 2xS,s
(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: %.z,+Zz?
(a)20×8年存货周转率 HdLH2+|P;D
(b)20×8年销售毛利率 C*G=cs\i
(c)20×8年总资产净利率 p^
pOuy8
(d)20×8年12月31日的流动比率 ''kS*3
(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) }`NU@O#
【答案】 L=8+_0
(1)应选择营业收入作为计算重要性水平的基础。 O%ug@& S{
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ":nQgV\9
TET`b7G
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >pr=|$zk=
销售毛利率=(64000-54000)/64000×100%=15.63%
XJIv1s\g
总资产净利率=30/[(100000+90000)/2]=0.03% e*.b3z
流动比率=60000/20000=3 _H^^y$+1
(3) A Z{^o4<q
a.应建议做如下审计调整分录: G
5FaYL.7
借:应收票据 6 000 000 >[1W:KQA
贷:短期借款 5 820 000 9RWkm%?
财务费用 180 000 /QEiMrz@6
b.应建议做如下审计调整分录: /o2P+Xr8"
借:预计负债 3 000 000 ${8?N:>t
贷:营业外支出 500 000 OK{xuX8u
其他应付款 2 500 000 c1xrn4f@a