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)。 Bqb`WX[<`
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: Py/~Q-8p
(Expressed in RMB thousands) W%o! m,zFM
FINANCLAL STATEMENTS ITEMS ~lqNWL^l
20×8 ]6O(r)k
20×7 OIjG`~Rx
jJ,y+o
Sales <JvYCWX`
64000 %afF
%y
48000 F|o1
r
x;LO{S4Z
Cost of sales U!JmSP
54000 2=1qmQE
42000 X gtn}7N.
eW}
-UeT
Net profit u^WZsW
30 h,b_8g{!
-20 w"O;: `|n
wub7w#
CoWT
December 31, 20×8 (|3?wX'2U
December 31, 20×7
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w]V684[>
Inventory ejbtdU8N<
16000 BuxU
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12000 lE8_Q *ev
Y/pK
Current assets u
bZ`Y$
60000 |t;Ktl
50000 VD =f 'D
f rV_5yK'
Total assets n,_9Eh#WD
100000 P*hYh5a
90000 |It{L0=U
HL:w*8a
Current liabilities w7vQ6jkH
20000 v3kT~uv
18000 M*~X pT3
uv{*f)j/d
Total liabilities r|/9'{!
30000 (/t{z=
25000 %+UTs
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'] _7Xa'
During the audit, John has the following findings: yBv4 xKMH
(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: <xH!
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Dr. Cash in Bank RMB 5820000 u~mpZ"9$ 3
Dr. Financial Expenses RMB 180000 6Yqqq[#V/
Cr. Notes Receivable RMB 6000000 )5o6*(Y
(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: *GdJ<B$
Dr. Non-operating Expenses RMB 3000000 3jto$_3'w
Cr. Provisions RMB 3000000 1
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 2o W'B^-
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: oB
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:
Dr. Provisions RMB 3000000 /^WawH6)6
Cr. Cash in Bank RMB 2500000 Q2Uk0:M
Cr. Non-operating Income RMB 500000 !L/.[:X
Required: A$;*O)
(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. =OKUSHu@V
(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: <N=ow"rD
(a)Inventory Turnover Rate in 20×8; 87KSV"IU8
(b)Gross Profit Ratio in 20×8; cwQ*P$n
(c)After Tax Return on Total Assets in 20×8; and Kf$6D 79#
(d)Current Ratio as at December 31, 20×8 -:b<~S[
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. m&s;zQ
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 8*uaI7;*
以下是未经审计财务报表的部分信息: H3Zt3l1u+
(单位:千元) I6S>*V
项目 20×8 20×7 !yKrA|w1
营业收入 64 000 48 000 v)*eLX$
营业成本 54 000 42 000 .l,NmF9
净利润 30 -20 :U @L$
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,jTaZz
20×8年12月31日 20×7年12月31日 7EL0!:P p3
存货 16 000 12 000 1d&Q
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流动资产 60 000 50 000 Fg2/rC:_
总资产 100 000 90 000 =Prz|
流动负债 20 000 18 000 ~4ijiw$
总负债 30 000 25 000 i2LN`5k
在审计过程中,约翰发现以下事项: bF +d_t
(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: 'sk M$jr
借:银行存款5 820 000 q1|@v#kH6
财务费用 180 000 x LK,Je
贷:应收票据6 000 000 a4q02 cV
(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: J %E0Wd
借:营业外支出 3 000 000 }MM:q R
贷:预计负债 3 000 000 \PmM856=ms
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: $! g~pV
借:预计负债 3 000 000 iciRlx.$c
贷:银行存款 2 500 000 M IU B]
营业外收入 500 000 QxBH{TG
要求: iX>)6)uJ
(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。 obgO-d9l
(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: LM!@LQAMY
(a)20×8年存货周转率 ~k ]$J|}za
(b)20×8年销售毛利率 XKT[8o<L
(c)20×8年总资产净利率 M%Q_;\?]
(d)20×8年12月31日的流动比率 F@ZB6~T~.
(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) @,pn/[
【答案】 tZr_{F@
(1)应选择营业收入作为计算重要性水平的基础。 m`@~ZIa?>B
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 \6/!{D,
销售毛利率=(64000-54000)/64000×100%=15.63% ,Fu[o6x<^
总资产净利率=30/[(100000+90000)/2]=0.03% 3E8 Gh>J_
流动比率=60000/20000=3 :&s8G
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(3) (T.g""N~`
a.应建议做如下审计调整分录: 3C#Sr6
借:应收票据 6 000 000 c>#3{}X|x%
贷:短期借款 5 820 000 z_Pq5
财务费用 180 000 2j[;M-3
b.应建议做如下审计调整分录: @^b>S6d"
借:预计负债 3 000 000 F Zk[w>{
贷:营业外支出 500 000
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其他应付款 2 500 000 t&G #%