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)。 MPN=K|*
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: +lJ]-U|P
(Expressed in RMB thousands) g}QTZT8
FINANCLAL STATEMENTS ITEMS F5P{+z7
20×8 N06O.bji
20×7 z %E!tB2o
PM!t"[@&
Sales TR_oI<xB2
64000 qXhf?x
48000 &W//
Ox
)f
@|%ICG c
Cost of sales Q$/F gS
54000 $ywh%OEH
42000 ^)^|;C\`
*[:CbFE0y
Net profit <|Eby!KXR
30 1e&b;l'*=
-20 q<[ke
e7qMt[.
p+UHJ&
December 31, 20×8 {<[tYZmj.
December 31, 20×7 00a<(sS;
6v O)s!b
Inventory P Xn>x8z
16000 Z;
SG<
12000 B\>}X_\4
L00;rTs>
Current assets [k7N+W8
60000 Z)T@`B6
50000 8;f<q u|w
[3sxzU!t~
Total assets A<X :K
nl
100000 %aE7id>v6
90000 )wzs~Fn/
|SukiXJZF
Current liabilities #s
R0*
20000 #r^@*<{^
18000 !XA%[u
(i0"hi
Total liabilities NF(IF.8G
30000 jI2gi1,a
25000 Z6([/n
P|P fG=
7cP[o+
During the audit, John has the following findings: K(KP3Q
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 2n;;Tso
"
Dr. Cash in Bank RMB 5820000 CSqb)\8Oi*
Dr. Financial Expenses RMB 180000 ~7 L
)n
Cr. Notes Receivable RMB 6000000 ],}afa!A
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: S]%U]
Dr. Non-operating Expenses RMB 3000000 sa(M66KkU
Cr. Provisions RMB 3000000 \g:qQ*.
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 w$[Ds
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:
b|8>eY
Dr. Provisions RMB 3000000 mx(%tz^t
Cr. Cash in Bank RMB 2500000 0H&U=9'YT
Cr. Non-operating Income RMB 500000 |od4kt
Required: vWi.[]
(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. | ]!Ky[P
(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: !0
csNg!
(a)Inventory Turnover Rate in 20×8; Q'Kik5I
(b)Gross Profit Ratio in 20×8; . (*kgv@3x
(c)After Tax Return on Total Assets in 20×8; and )C01fZhD
(d)Current Ratio as at December 31, 20×8 wH_n$w
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. u"8 ;fS
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ;ko[(eFN@
以下是未经审计财务报表的部分信息: A;WwS?fyQ
(单位:千元) s@)"IdSA(
项目 20×8 20×7 Vkvb=
营业收入 64 000 48 000 h;ol"
营业成本 54 000 42 000 &c<}++'h
净利润 30 -20 +`s&i%{1>
<X I35\^
20×8年12月31日 20×7年12月31日 ZOrTbik
存货 16 000 12 000 ci_v7Jnwo
流动资产 60 000 50 000 Y0u'@l_[F
总资产 100 000 90 000 'f?&EsIV?
流动负债 20 000 18 000 7=p-A_X
总负债 30 000 25 000 Y9@dZw%2
在审计过程中,约翰发现以下事项: {Sr=SE
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 78a-3){
借:银行存款5 820 000 x#j\"$dla
财务费用 180 000 ,8xP8T~Kmv
贷:应收票据6 000 000 q~Q)'*m
(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: qv0
DrL,3
借:营业外支出 3 000 000 I~
]Q55
贷:预计负债 3 000 000 2htA7V*dD
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:
,y8I)+
借:预计负债 3 000 000 Z?~d']XD
贷:银行存款 2 500 000 R0hctT1j
营业外收入 500 000 3b?OW7H
要求: |DFvZ6}
(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。 Yf!*OGF
(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: +F7<5YW&(
(a)20×8年存货周转率 @`kiEg'Q
(b)20×8年销售毛利率 RFn0P)9&
(c)20×8年总资产净利率 ^QXw[th!d
(d)20×8年12月31日的流动比率 CmJ?_>
(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) )pZekh]v
【答案】 H7yg9zFT
N
(1)应选择营业收入作为计算重要性水平的基础。 L'\/)!cEd
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ra9cD"/J &
sR>`QIi(a
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 RhV:Z3f`6
销售毛利率=(64000-54000)/64000×100%=15.63% $p0 /6c
总资产净利率=30/[(100000+90000)/2]=0.03% r{q}f)
流动比率=60000/20000=3 ~gfA](N
(3) /Oggt^S
a.应建议做如下审计调整分录: %CxEZPe$
借:应收票据 6 000 000 ^)hAVf~E
贷:短期借款 5 820 000 !O F?xW
财务费用 180 000 Q_QKm0!
b.应建议做如下审计调整分录: W8G9rB|T
借:预计负债 3 000 000 h5&/hBN
贷:营业外支出 500 000 "^9[OgE:
其他应付款 2 500 000 tIyuzc~U