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)。 ;@h'Mb
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: "RR./e)h
(Expressed in RMB thousands) VyBJIzs0
FINANCLAL STATEMENTS ITEMS g~i''lng
20×8 8 RzF].)
20×7 }kgjLaQ^N
M4L~bK
Sales
.~V".tZV[
64000 Cv?<}q
48000 @eAGN|C5
Ynk><0g6
Cost of sales Q9Xmb2LN
54000 ?[*@T2Ck
42000 W? 6
@5dBb+0J
Net profit pU'`9fLi_
30 N'Z_6A*-
-20 9ph
D5b~j
~I8"l@H>
O #uaGziFf
December 31, 20×8 }(vOaD|k=
December 31, 20×7 7oqn;6<[>,
_Oaso >
Inventory wKeSPs{x
16000 qAuUe=w%p
12000 `,8R~-GPD
Rzn 0-cG
Current assets M25z<Y
60000 o#KPrW`XJ/
50000 Kr+Bty
!@]h@MC$7
Total assets
@zq\z$
100000 JVIcNK)
90000 "cz]bCr8
6{FS/+
Current liabilities 5G42vTDzS4
20000
aF4V|?+
18000 W0r5D9k
j_YZ(: =
Total liabilities 8t^;O!
30000 + - KRp1qq
25000 C>(M+qXL+
KzFs#rhpn
MlcoOi!
During the audit, John has the following findings: V=8{CmqT
(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: X
G@>1/
Dr. Cash in Bank RMB 5820000 [7Kj$PB3
Dr. Financial Expenses RMB 180000 `- uZv
Cr. Notes Receivable RMB 6000000 :8GxcqvCWq
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: E )Zd{9A5)
Dr. Non-operating Expenses RMB 3000000 nH3b<k;S
Cr. Provisions RMB 3000000 X:} 5L>'
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 IB]VPj5
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: .AQ3zpy5B
Dr. Provisions RMB 3000000 h}VYA\+<B
Cr. Cash in Bank RMB 2500000 ?RjKP3P
Cr. Non-operating Income RMB 500000 G4`sRaT.
Required: YaE['a
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. `efH(
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: v.8S
V]
(a)Inventory Turnover Rate in 20×8; 9[]"%6
(b)Gross Profit Ratio in 20×8; gV.Pg[[1
(c)After Tax Return on Total Assets in 20×8; and _$jJpy
(d)Current Ratio as at December 31, 20×8 cE8 _keR~
(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. `5 v51TpH
【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。 ]C:If h~
以下是未经审计财务报表的部分信息: MAhPO!e5.
(单位:千元) 6s
"bstc{
项目 20×8 20×7 gt~2Br4
营业收入 64 000 48 000 y7L4jO9h
营业成本 54 000 42 000
0{Ll4
净利润 30 -20 =rtA{g$)+
$A!h=]
20×8年12月31日 20×7年12月31日 qFsg&<
存货 16 000 12 000 3b/vyZF
流动资产 60 000 50 000 LyPBFo[?
总资产 100 000 90 000 fyoB]{$p8
流动负债 20 000 18 000 u2x=YUWb]
总负债 30 000 25 000 N
)I
T?
在审计过程中,约翰发现以下事项: )cmLo0`$
(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: 0 Ln5e.&
借:银行存款5 820 000 (9q {J(44
财务费用 180 000 _w,0wn9N$
贷:应收票据6 000 000 \rnG 1o
(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: 2]3Jb{8FI>
借:营业外支出 3 000 000 \
iE9&3Ie
贷:预计负债 3 000 000 I!0+RP(
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: umn~hb5O
借:预计负债 3 000 000 &-)Y[#\J
贷:银行存款 2 500 000 CH+&
营业外收入 500 000 %IXW|mi
要求: -$|X\#R
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 s=@CeV@4W
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: =X'7V}Q}
(a)20×8年存货周转率 \B ^sJ[n
(b)20×8年销售毛利率 `Q^Sm`R
(c)20×8年总资产净利率 t4c
#' y
(d)20×8年12月31日的流动比率 ]M"'qC3g
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 4W-+k
【答案】 /{)cI^
9
(1)应选择营业收入作为计算重要性水平的基础。 w=>mG-
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 s^@Cq=
b1^Yxe#L
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 '
1]bjW*!
销售毛利率=(64000-54000)/64000×100%=15.63% l5nDt$Ex
总资产净利率=30/[(100000+90000)/2]=0.03% q _|5,_a
流动比率=60000/20000=3 _Vf|F
(3) /%w[q:..h
a.应建议做如下审计调整分录: R'HA>?D
借:应收票据 6 000 000 v!9Imf
贷:短期借款 5 820 000 O;t?@!_
财务费用 180 000 ~"0X,APR5
b.应建议做如下审计调整分录: 5VoiDM=\c
借:预计负债 3 000 000 A+E@OO w*~
贷:营业外支出 500 000 1
)r _h(
其他应付款 2 500 000 X[Gk!dr#