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)。 obq}#
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: ;%<4U^2
(Expressed in RMB thousands) "~<~b2Y"5
FINANCLAL STATEMENTS ITEMS y7OG[L/
20×8
e 63|Z[8
20×7 %#9 ~V
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6
Sales oNZW#<K
64000 %
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48000 S$52KOo
sV[Z|$&Z
Cost of sales fm>K4\2
54000 kVnyX@
42000 |vz;bJG
Z!reX6
Net profit 0
0&$SE
30 #\BI-z
t
-20 9`xFZMd31A
x
5Dt5Yp"o
5R `6zhf
December 31, 20×8 QV$dKjMS
December 31, 20×7 H$amt^|zQ4
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Inventory [9om"'
16000 2bnIT>(
12000 ~@ b}=+n
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Current assets 43=-pyp
60000 #.+*G`m
50000 $S8bp3)
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Total assets BJxmW's/
100000 8M+F!1-#
90000
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Current liabilities ;n{j,HB
20000 X]MM7hMuR
18000 }|"*"kxi!
L_ qv<iM$
Total liabilities h$ iyclX
30000 )|R0_9CLV
25000 ioa_AG6B
@-@rG>y^:
((>3,%B`
During the audit, John has the following findings: GdeR#%z
(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: N|d.!Q;V.y
Dr. Cash in Bank RMB 5820000 2mU-LQ1WN
Dr. Financial Expenses RMB 180000 'Oy5G7^R
Cr. Notes Receivable RMB 6000000 3KFrVhB=
(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: OGi4m |
Dr. Non-operating Expenses RMB 3000000 ae#HA[\0G
Cr. Provisions RMB 3000000 _<F@(M5
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Doc'7P
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: H&=4y) /.
Dr. Provisions RMB 3000000 `pAp[]SfQd
Cr. Cash in Bank RMB 2500000 X:-bAu}D
Cr. Non-operating Income RMB 500000 &R FM
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Required: h8= MVh(I
(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. VueQP|
(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: '`~(Fkj
(a)Inventory Turnover Rate in 20×8; UH,4b`b
(b)Gross Profit Ratio in 20×8; k&_u\D"^"%
(c)After Tax Return on Total Assets in 20×8; and FlA\Ad;v
(d)Current Ratio as at December 31, 20×8 zV(tvt
(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. &T/q0bwd
【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。 b:5%}
以下是未经审计财务报表的部分信息: `MYK XBM
(单位:千元) ~v(M6dz~vk
项目 20×8 20×7 {S"
营业收入 64 000 48 000 (=tF2YBV
营业成本 54 000 42 000 aU]O$Pg{
净利润 30 -20 g yH7((#i
@uM3iO7&
20×8年12月31日 20×7年12月31日 J (&M<<%
存货 16 000 12 000 lp0T\
%
流动资产 60 000 50 000 Y=Ar3O*F
总资产 100 000 90 000 ];{l$-$$
流动负债 20 000 18 000 Or#+E2%1E
总负债 30 000 25 000 <
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在审计过程中,约翰发现以下事项: uZ`d&CEh
(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: a.`JS
借:银行存款5 820 000 VRQbf
财务费用 180 000 Up/u|A$0V
贷:应收票据6 000 000 0jJ28.kOp
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 5)n:<U*
借:营业外支出 3 000 000 bR8
HGH28
贷:预计负债 3 000 000 Vh
.;p.!e
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ]T3BDgu%&
借:预计负债 3 000 000
vD)A)
贷:银行存款 2 500 000 #9hXZr/8
营业外收入 500 000 7k#${,k
要求: K0DXOVT\
(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。 >gZk
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(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: EO9kE.g
(a)20×8年存货周转率 i h$@:^\
(b)20×8年销售毛利率 :
`6$/DK
(c)20×8年总资产净利率 &(uF&-PwO4
(d)20×8年12月31日的流动比率 B-ri}PA
(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) K.iH
【答案】 j
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(1)应选择营业收入作为计算重要性水平的基础。 Z/6'kE{l
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ^2;(2s
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 2c>H(t h=
销售毛利率=(64000-54000)/64000×100%=15.63% ^~r&}l4c,
总资产净利率=30/[(100000+90000)/2]=0.03% hNq8
uyKx
流动比率=60000/20000=3 fCt\2);a
(3) 5nxS+`Pn.)
a.应建议做如下审计调整分录: MNf @HG
借:应收票据 6 000 000 8NAWA3^B
贷:短期借款 5 820 000 RqN_vk\
财务费用 180 000 JX\T
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b.应建议做如下审计调整分录: c2\rjK
借:预计负债 3 000 000 %M;_(jda
贷:营业外支出 500 000
uRB)g
其他应付款 2 500 000 ghJ,s|lH