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)。 Mn`);[
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: [ PXv8K%]p
(Expressed in RMB thousands) | ]#PF*
FINANCLAL STATEMENTS ITEMS 4KSZ;fV6/
20×8 h=<x%sie
20×7 o$PY0~#
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Sales ngmHiI W
64000 Z=c&</9e
48000 c,
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Cost of sales V{qpha4'P
54000 /6Bm
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42000 Epo/}y
= Ob-'Syg>
Net profit JU>F&g/|
30 "rHcsuSEw
-20 hj4!* c
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x:wv#Wh:l7
December 31, 20×8 tfz"9PV80
December 31, 20×7 _tba:a(
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Inventory
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16000 &/+LY_r'<I
12000 t%S2D
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Current assets Ja4j7d1:
60000
zCz"[9k
50000 ]Lb Fh5;s
C-2{<$2k
Total assets 1n3XB+*
100000 L!| `IK
90000 ^*g= 65!1
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Current liabilities 4:zyZu3fm
20000 s~i73Qk/
18000 lGhh
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Total liabilities Y|X!da/
30000 ]H {g/C{j
25000 i]$/& /
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During the audit, John has the following findings: >~}}*y
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(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: kac
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Dr. Cash in Bank RMB 5820000 y8.3tp
Dr. Financial Expenses RMB 180000
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Cr. Notes Receivable RMB 6000000 OCN:{
(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: F2)
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Dr. Non-operating Expenses RMB 3000000 ']C" 'b
Cr. Provisions RMB 3000000 yg WwUpY
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 zE8qU
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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: #Fkn-/nL
Dr. Provisions RMB 3000000 <^n@q f}
Cr. Cash in Bank RMB 2500000 q.:j
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Cr. Non-operating Income RMB 500000 7W.z
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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. JT cE{i
(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: c&"OhzzJK'
(a)Inventory Turnover Rate in 20×8; y F;KyY{
(b)Gross Profit Ratio in 20×8; |-Q="7b%
(c)After Tax Return on Total Assets in 20×8; and i|!D
(d)Current Ratio as at December 31, 20×8 ?QRoSQ6
(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. /Z1>3=G by
【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。 KN<KZM
以下是未经审计财务报表的部分信息: bMGU9~CeJ
(单位:千元) o>^@s4t
项目 20×8 20×7 MA+{
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营业收入 64 000 48 000 [M#I Nm}
营业成本 54 000 42 000 Ha/Gn
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净利润 30 -20 _m@+d>f_
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20×8年12月31日 20×7年12月31日 ]N^>>k
存货 16 000 12 000 __Egr@
流动资产 60 000 50 000 GswV/V+u
总资产 100 000 90 000 _]Y9Eoz
流动负债 20 000 18 000 ~Q2,~9D
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总负债 30 000 25 000 fO{'$?K
在审计过程中,约翰发现以下事项: LTZ~Id-)P
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 9jJ:T$}
借:银行存款5 820 000 i*61i0
财务费用 180 000 ;mauA#vd
贷:应收票据6 000 000 q^Ui2
(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: 91oAg[@4G
借:营业外支出 3 000 000 z)fg>?AGr
贷:预计负债 3 000 000 +5N09$f;R
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: F* _ytL
借:预计负债 3 000 000 xX~;
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贷:银行存款 2 500 000 `ZPV.u/
营业外收入 500 000 um=qT)/D
要求: #@Rtb\9
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 *?R<gWCF
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Clmz}F
(a)20×8年存货周转率 9RQw6rL
(b)20×8年销售毛利率 O[5u6heNMr
(c)20×8年总资产净利率 4mci@1K#^
(d)20×8年12月31日的流动比率 :^ J'_
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) J%1 2Ey@6
【答案】 +"3K)9H
(1)应选择营业收入作为计算重要性水平的基础。 `7jdV
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 iUOGuiP
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 NGAjajB
销售毛利率=(64000-54000)/64000×100%=15.63% +`+r\*C5
总资产净利率=30/[(100000+90000)/2]=0.03% /9<62F@zJ"
流动比率=60000/20000=3 psM&r
(3) MB"<^ZX
a.应建议做如下审计调整分录: te
b/
借:应收票据 6 000 000 ^
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贷:短期借款 5 820 000 qVr?st
财务费用 180 000 sSsRn*LN-:
b.应建议做如下审计调整分录: ;#n+$Q#:
借:预计负债 3 000 000 q/3 )yG6s
贷:营业外支出 500 000 x0ICpt{;
其他应付款 2 500 000 b\^9::oY