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)。
OhNEt>
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: !:zWhu,
(Expressed in RMB thousands) 'f'zV@)
FINANCLAL STATEMENTS ITEMS
zQPQP`
20×8 %d%$jF`
20×7 R:[IH2F s
reO^_q'
Sales Y2Z<A(W
64000 PPj_NV
48000 _T8o]
@)iAV1r"
Cost of sales OVy ZyZ#
54000 Uu}a! V
42000 cq?&edjP
o?T01t=
Net profit ,p3moD
3
30 0\/cTNN
-20 ZvSWIQ6
/kK%
}L_D
>I*Qc<X91
December 31, 20×8 :\Pk>a
December 31, 20×7 FF} A_ZFY
x{|`q9V~ N
Inventory x!@ 3.$
16000 /a
'cP
12000 px7<;(I
r=S6yq}
Current assets .#BWu(EYV
60000 H.H$5(?O
50000 da,;IE{1u
mh5ozv$
Total assets BS(XEmJn&j
100000 df'xx)kW
90000 ^y1P~4w?
+^@;J?O
Current liabilities |o5F%1o
20000 I7Uj<a=(q
18000 "&@v[O)!xu
Q+r8qnL'
Total liabilities -\2T(3P
30000 X6Y<pw`y
25000 :t'*fHi~
8B|qNf `Yi
Gs0x;91
During the audit, John has the following findings: VQMPs{tm
(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: @y+Hb@ >.
Dr. Cash in Bank RMB 5820000 0=,vdT
Dr. Financial Expenses RMB 180000
)ld !(d=
Cr. Notes Receivable RMB 6000000 |IgH0
zZ
(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: 0</]Jo%
Dr. Non-operating Expenses RMB 3000000 CSBk
Cr. Provisions RMB 3000000 Mu~DB:Y9e
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 faqh }4
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: X-mhz3Q&a
Dr. Provisions RMB 3000000 }2 X"
Cr. Cash in Bank RMB 2500000 Wu\szI"
Cr. Non-operating Income RMB 500000 *pOdM0AE
Required: "=/YPw^0
(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. xGU~FU
(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: HAHLF+k
(a)Inventory Turnover Rate in 20×8; E7c!KJ2
(b)Gross Profit Ratio in 20×8; 5|pPzEA>
(c)After Tax Return on Total Assets in 20×8; and O0i)Iu(J7;
(d)Current Ratio as at December 31, 20×8 2rG;j52))a
(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. ^Hplrwj}
【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。 |Qa [N(
以下是未经审计财务报表的部分信息: chQCl3&e^
(单位:千元) n$})}kj
项目 20×8 20×7 q\xT
营业收入 64 000 48 000 zdh&,!] F6
营业成本 54 000 42 000 F(5(cr 7K
净利润 30 -20 vnrP;T=^
yH:gFEJ:x
20×8年12月31日 20×7年12月31日 O:hCUr
存货 16 000 12 000 w QnW2)9!
流动资产 60 000 50 000 ;n"Nv}<C
总资产 100 000 90 000 iFi6,V*PRt
流动负债 20 000 18 000 FkS$x'~2$
总负债 30 000 25 000 e2@{Ab
在审计过程中,约翰发现以下事项: N-~Uu6zr
(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: C@$!'^ 61
借:银行存款5 820 000 lls-Nir%
财务费用 180 000 GCEcg&s=\S
贷:应收票据6 000 000 !}[,ODJ4 d
(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: |;[%ZE"
借:营业外支出 3 000 000
oRbG6Vv/
贷:预计负债 3 000 000 6y4&nTq[
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: |hlc#t?
借:预计负债 3 000 000 kg@Okz N%
贷:银行存款 2 500 000 7
H~J
?_
营业外收入 500 000 C@7<0w
要求: FU~xKNr
(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。 Km=dId7]
(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: ?f{--|V
(a)20×8年存货周转率 \TF='@u.
(b)20×8年销售毛利率 w}`TJijl
(c)20×8年总资产净利率 qMj'% 5/
(d)20×8年12月31日的流动比率 0j--X?-
(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) Pm
Zb!|
【答案】 j\o<r0I
(1)应选择营业收入作为计算重要性水平的基础。 x
bsk
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 <x^Ab#K"
A
c'0
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 9 K.B
销售毛利率=(64000-54000)/64000×100%=15.63% ROv(O;.Ty
总资产净利率=30/[(100000+90000)/2]=0.03% Yr\pgK,
流动比率=60000/20000=3 X/8CvY#n
(3) f2abee
a.应建议做如下审计调整分录: @5im*ubzM
借:应收票据 6 000 000 DF>LN%a~
贷:短期借款 5 820 000 N"+o=nS
财务费用 180 000 tE~OWjL
b.应建议做如下审计调整分录: :L E&p[^
借:预计负债 3 000 000 [nx
OGa2
贷:营业外支出 500 000 I&jiH)
其他应付款 2 500 000 -{^I T`