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)。 ^OI
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: Oe'Nn250
(Expressed in RMB thousands) G`R Ed-Z[
FINANCLAL STATEMENTS ITEMS Y`LZ/Tgk
20×8 M`FsKK`
20×7 5w gtc~
9HLn_|yU
Sales j23OgbI
64000 6ApW+/
48000 r4gkSwy
1#^[{XlAx
Cost of sales }kT;UdIu;
54000 lT@5=ou[
42000 rzDqfecOmW
TIW6v4
Net profit zek\AQN
30 8doT`rI1
-20 90k|W>
"ltvD\
*-ZD -B*?
December 31, 20×8 A~ '2ki5$g
December 31, 20×7 3hmuF6y~
7FqmT
Inventory go]d+lhFB
16000 nOk
X:5
12000 {uM0J$P :
9'3bzhT$
Current assets b]g}h
60000 S5"xb
50000 Xr:"8FT
3
a:(\:?z
Total assets BNyDEFd
100000 ]g IXG`
90000 N,(@k[uta
W$EX6jTGI
Current liabilities 'h O+ b
20000 #Jy+:|jJ
18000 D?}LKs[
:B$=Pp1
Total liabilities B6 x5E
30000 %saTyF,
25000 -njxc{b
E-X-LR{CC
Wfu%,=@,
During the audit, John has the following findings: bsr
(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;e@`.(
Dr. Cash in Bank RMB 5820000
plsf` a
Dr. Financial Expenses RMB 180000 Wxjk}&+pVa
Cr. Notes Receivable RMB 6000000 pA4/'7nCl
(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:
G2;Uv/vR
Dr. Non-operating Expenses RMB 3000000 n-Dr/c4
Cr. Provisions RMB 3000000 &VR<'^>
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 5ir
ewh'R
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: 5;`([oX|_
Dr. Provisions RMB 3000000 bTA<AoW9="
Cr. Cash in Bank RMB 2500000 0K 7-i+\#
Cr. Non-operating Income RMB 500000 I4m)5G?O2
Required: O5_[T43
(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. _]j=[|q 9
(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: #@2 `^1
(a)Inventory Turnover Rate in 20×8; /%=#*/E
7
(b)Gross Profit Ratio in 20×8; XwX1i!'54
(c)After Tax Return on Total Assets in 20×8; and ^nkwT~Bya
(d)Current Ratio as at December 31, 20×8 ,{J2i#g<
(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. /W:}p(>4a
【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。 {4}Sl^kn*
以下是未经审计财务报表的部分信息: RZOk.~[v
(单位:千元) QdO$,i'
项目 20×8 20×7 .a;-7|x
营业收入 64 000 48 000 -|J?-
营业成本 54 000 42 000 Qyt6+xL
净利润 30 -20 fN0D\Mu!)b
U!3nn#!yE
20×8年12月31日 20×7年12月31日 "
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存货 16 000 12 000 9tl Fbu
流动资产 60 000 50 000 $N,9e
总资产 100 000 90 000 +ZizT.$&
流动负债 20 000 18 000 lCd^|E
总负债 30 000 25 000 _[0Ugfz(
在审计过程中,约翰发现以下事项: t,k9:p
(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: um&N|5lHb
借:银行存款5 820 000 lba*&j]w=
财务费用 180 000 gxU(&
贷:应收票据6 000 000 tHJ1MDw'
(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: p7.@ez ;
借:营业外支出 3 000 000 F
b`V.
贷:预计负债 3 000 000 #n2GW^x
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: fQOaTsyA
借:预计负债 3 000 000 [C771~BL>
贷:银行存款 2 500 000 y,Dfqt
营业外收入 500 000 [USXNe/
要求: cTRCQ+W6:
(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。 >f`}CLsY
(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: -[^wYr=
(a)20×8年存货周转率 +Tq
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(b)20×8年销售毛利率 hzKfYJcQ|
(c)20×8年总资产净利率 %*eZoLDg]
(d)20×8年12月31日的流动比率 &hV;3";
(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) 3vrQY9H>
【答案】 <408lm
(1)应选择营业收入作为计算重要性水平的基础。
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .P=!M
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 (&njZdcb*
销售毛利率=(64000-54000)/64000×100%=15.63% nr s!e
总资产净利率=30/[(100000+90000)/2]=0.03% T,WWQm
流动比率=60000/20000=3 !p0FJ].g,
(3) 2cy{d|c
a.应建议做如下审计调整分录: )}?dYk
借:应收票据 6 000 000 }d6g{`
贷:短期借款 5 820 000 U$Ew,v<
财务费用 180 000 +XY}-
b.应建议做如下审计调整分录: s-8>AW
ep
借:预计负债 3 000 000 *qz]vUb/0
贷:营业外支出 500 000
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其他应付款 2 500 000 K.X% Q,XD