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)。 Yi&;4vC
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: wKe^5|Rr
(Expressed in RMB thousands) F}<
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FINANCLAL STATEMENTS ITEMS #B"ki{Se*
20×8 s
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20×7 HD
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Sales 7<x0LW
64000 N+\#k*n?
48000 y.JAtsxD
2V/A%
Cost of sales 7!hL(k[
54000 kf_s.Dedw
42000 HI#}M|4n
"w=p@/C
Net profit ;5ugnVXu
30 pK1P-!c
-20 HcUivC
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Run)E*sf
December 31, 20×8 ,AGK O,w
December 31, 20×7 ?0hk~8c
H.XD8qi3W
Inventory p*_g0_^
16000 a3 6n}R4Q
12000 Dd<gYPC
V!3G\*$?
Current assets Df||#u=n
60000 y&t&'l/m
50000 EyI
9$@4
I?J$";A
Total assets Otj=vGr0
100000 f?#:@ zcL
90000 Ig"Krz
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Current liabilities @]6)j&
20000 k`Ab*M$@Xs
18000 PDREwBX
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Total liabilities J
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30000 jbpnCUzi
25000 [X#bDO<t
K7M7T5<
z(g4D!
During the audit, John has the following findings: Ec8Y}C,{7<
(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: 6aK'%K
Dr. Cash in Bank RMB 5820000 }/x `w
Dr. Financial Expenses RMB 180000 uKo)iB6D
Cr. Notes Receivable RMB 6000000 jeN_
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(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: q-/A_5>!;f
Dr. Non-operating Expenses RMB 3000000 3*CF !Y%
Cr. Provisions RMB 3000000 OQ
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ?#ndMv!$
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: ~PHAC
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Dr. Provisions RMB 3000000 D}HW7Hnu^
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 YgQ_P4B;
Required: f5
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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. Os*,@N3t
(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: g (ZeGNV8
(a)Inventory Turnover Rate in 20×8; W>wIcUP<<
(b)Gross Profit Ratio in 20×8; o(]kI?`
(c)After Tax Return on Total Assets in 20×8; and }KCXo/y
(d)Current Ratio as at December 31, 20×8 *^=`HE89S
(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. *hF5cM[
【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。 WfhQi
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以下是未经审计财务报表的部分信息: P}~6y
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(单位:千元) mdypZ 1f_
项目 20×8 20×7 .oO_x>
营业收入 64 000 48 000 oPk 2ac
营业成本 54 000 42 000 WUQ2[)<
净利润 30 -20 #PVgx9T=_
-86 9$
20×8年12月31日 20×7年12月31日 ul(1)q^
存货 16 000 12 000 Sl:Qq!
流动资产 60 000 50 000
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总资产 100 000 90 000 x7L$x=8s
流动负债 20 000 18 000 >9esZA^';
总负债 30 000 25 000 7{D+\i
在审计过程中,约翰发现以下事项: }bIEW ho
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: q_g'4VZv
借:银行存款5 820 000 8niQ
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财务费用 180 000 FxKH?Rl
贷:应收票据6 000 000 +"?K00*(
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: S!#7]wtbP
借:营业外支出 3 000 000 tJUMLn?
贷:预计负债 3 000 000 ZJP.-` U
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: X@JDfn?A
借:预计负债 3 000 000 pb{'t2kk
贷:银行存款 2 500 000 /]>&OSV
营业外收入 500 000 -J:](p
要求: %HL@O]ftS
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 I=D`:u\H
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: \hc}xy
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(a)20×8年存货周转率 'hVOK(o0
(b)20×8年销售毛利率 X3!btxa%t
(c)20×8年总资产净利率 PP
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(d)20×8年12月31日的流动比率 jzI\Q{[m'
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) e&8pTD3
【答案】 Q6MDhv,
(1)应选择营业收入作为计算重要性水平的基础。 lk}R#n$
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 e l'^9K
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 }qc[ysDK]
销售毛利率=(64000-54000)/64000×100%=15.63% )UI T'*ow
总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 @-qxNw
(3) &hB~Z(zS!
a.应建议做如下审计调整分录: V*5:Vt7N
借:应收票据 6 000 000 dB<BEe\$g.
贷:短期借款 5 820 000 cP$b>3O
财务费用 180 000 {Ylj]
b.应建议做如下审计调整分录: m3F.-KPO
借:预计负债 3 000 000 ;#EB0TK
贷:营业外支出 500 000 n6O1\}YB
其他应付款 2 500 000 BtBy.bR