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)。 0w['jh|,
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: BZ<z@DJp
(Expressed in RMB thousands) 9AYe,
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FINANCLAL STATEMENTS ITEMS FqsjuU@l
20×8 M=WE^v!b
20×7 W`'|&7~
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Sales |I
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64000 Kk9 8FI0]
48000 j_yFH#^W:
&iOtw0E
Cost of sales x#0@$
54000 4) iEj
42000 IJc#)J.2A
W
-PZE|<
Net profit 4@e!D Du
30 -b)zira
-20 _Af4ct;ng
NoAb}1uae
GQ0 (&I
December 31, 20×8 Au._n,<
December 31, 20×7 >.hGoT!_k
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Inventory '<=MhNh\
16000 (MoTG^MrBY
12000 4D8y b|o
C)96/k
Current assets W
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60000 TcLaWf!c5
50000 U\8#Qvghf
;v+uv f
Total assets K^vp(2
100000 xnQGCw?S&}
90000 gZEA;N:H%<
8*#][wC2
Current liabilities :
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20000 UVCMB_T
18000 06@0r
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Total liabilities D'[P,v;Q
30000 :z} _y&]
25000 N"
x\YHp
g}
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A Wh*<H
During the audit, John has the following findings: Fl+tbF
(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: i)= 89?8
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 Rf(x^J{
Cr. Notes Receivable RMB 6000000 YeExjC
(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: &Y>~^$`J
Dr. Non-operating Expenses RMB 3000000 /-K dCp~
Cr. Provisions RMB 3000000 30(m-D$K>9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 &]yJCzo]
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: %cr]ZR
Dr. Provisions RMB 3000000 7YXXkdgbd
Cr. Cash in Bank RMB 2500000 fpK0MS]=b
Cr. Non-operating Income RMB 500000 ?J@?,rZQ^V
Required: {8Jk=)(md
(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. V0'p1J tD
(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: &8_f'+i0
(a)Inventory Turnover Rate in 20×8; C|d
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(b)Gross Profit Ratio in 20×8; -6~dJTm[t
(c)After Tax Return on Total Assets in 20×8; and Xq^y<[
(d)Current Ratio as at December 31, 20×8 Q"6hD?6.
(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. n|mJ
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【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。 &Rl3y\
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以下是未经审计财务报表的部分信息: %AEK[W+0
(单位:千元) `/wq3+ ?
项目 20×8 20×7 /Xu;/MMpd3
营业收入 64 000 48 000 qtwT#z;Y
营业成本 54 000 42 000 /romTK4
净利润 30 -20 rGn5QV
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20×8年12月31日 20×7年12月31日 O^R:_vb3I
存货 16 000 12 000 IQ
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流动资产 60 000 50 000 `^&15?Wk
总资产 100 000 90 000 1^60I#Vr@
流动负债 20 000 18 000 ySuLt@X
总负债 30 000 25 000 ,+NE: _
在审计过程中,约翰发现以下事项: D#/%*|
(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: (@WDvgi(
借:银行存款5 820 000 o3i,B),K
财务费用 180 000 csFJ
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贷:应收票据6 000 000 kHJDX;
(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: 5y[b8mur
借:营业外支出 3 000 000 @!&Jgg53G
贷:预计负债 3 000 000 zhA',p@K?_
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: 6&
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借:预计负债 3 000 000 5&-j{J0iV
贷:银行存款 2 500 000 uzVG q!'H
营业外收入 500 000 +Jo 3rX'`
要求: ezg^5o;
(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。 "BLv4s|y7L
(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: RI5g+Du?
(a)20×8年存货周转率 oc3dd"8}@
(b)20×8年销售毛利率 qr'x0r|<>
(c)20×8年总资产净利率 %TW%|"v
(d)20×8年12月31日的流动比率 %<=w [*i
(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) u8<&F`7j
【答案】 ih+*T1#:(
(1)应选择营业收入作为计算重要性水平的基础。 C@TN5?Z
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 .%x"t>]
销售毛利率=(64000-54000)/64000×100%=15.63% :rz9M@7
总资产净利率=30/[(100000+90000)/2]=0.03% }
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流动比率=60000/20000=3 ^eT
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(3) wMH[QYb<*
a.应建议做如下审计调整分录: ;mf4U85
借:应收票据 6 000 000 lj
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贷:短期借款 5 820 000 Q(~3pt
财务费用 180 000 w+Z- -@\
b.应建议做如下审计调整分录: QHHW(InG<
借:预计负债 3 000 000 ZQ,fm`y\
贷:营业外支出 500 000 bx hP jAL
其他应付款 2 500 000 )z2|"Lp