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)。 dQut8>0&
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: zVh yAf
(Expressed in RMB thousands) n
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FINANCLAL STATEMENTS ITEMS ;w{<1NH2+.
20×8 wcHk]mLM
20×7 *k$[/{S1-
hW7u#PY
Sales $+gQnI3w
64000 s8j |>R|k
48000 `At.$3B
BU
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Cost of sales ~NGM6+9
54000 i4C{3J^
42000 ,n|si#
HKN|pO3v
Net profit _S!^=9bJ
30 u09Tlqh0 3
-20 |jsI-?%8J
+sNS
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December 31, 20×8 Sn:>|y~
December 31, 20×7 ~$!,-r
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Inventory :4AQhn^;"
16000 o<g?*"TRh
12000 .5JIQWE(
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Current assets x/
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60000 [i.@q}c~E
50000 FT).$h~+4
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Total assets '2,~'Zk
100000 /4{WT?j
90000 UlXm4\@
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Current liabilities :J;U~emq
20000 Gz`Jzh
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18000 O{ :{P5
x;ik
Total liabilities ]+lT*6P*
30000 +h)"m/mE
25000 WC_.j^sW
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2OG/0cP
During the audit, John has the following findings: pEB3qGA
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: g%2G=gR$?z
Dr. Cash in Bank RMB 5820000 hvt]VC]]
Dr. Financial Expenses RMB 180000 \Y#
Cr. Notes Receivable RMB 6000000 (>`_N%_
(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: \Z*:l(
Dr. Non-operating Expenses RMB 3000000 6:_~-
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Cr. Provisions RMB 3000000 Q`CuZkP(
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 -]%EX:bm
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:
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Dr. Provisions RMB 3000000 5 nt3gVy
Cr. Cash in Bank RMB 2500000 !D22HS
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Cr. Non-operating Income RMB 500000 T!
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Required: ? Fqh
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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. AArLNXzVW
(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: E2hsSqsu=
(a)Inventory Turnover Rate in 20×8;
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(b)Gross Profit Ratio in 20×8; A-x^JC
=
(c)After Tax Return on Total Assets in 20×8; and #y\O+\4e
(d)Current Ratio as at December 31, 20×8 8~ y!X0Ov!
(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. k?cX fj&
【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。 (nqhX<T>
以下是未经审计财务报表的部分信息: qw+7.h#V
(单位:千元) l@Lk+-[D
项目 20×8 20×7 .+7n@Sc
营业收入 64 000 48 000 Y XhZWo{B
营业成本 54 000 42 000 \mF-
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净利润 30 -20 fb
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20×8年12月31日 20×7年12月31日 Ust +g4
存货 16 000 12 000 GEPWb[Oa
流动资产 60 000 50 000 [_
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总资产 100 000 90 000 2d[tcn$;h]
流动负债 20 000 18 000 .]9`eGVWj
总负债 30 000 25 000 lh-.I]>&`
在审计过程中,约翰发现以下事项: ^%oH LsY9
(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: p5In9s
借:银行存款5 820 000
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财务费用 180 000 (~|)Gmq2
贷:应收票据6 000 000 qMaO1cE\
(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: ;v8TT}R
借:营业外支出 3 000 000 hyxv+m[
贷:预计负债 3 000 000 Jq1oQu|rs
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: df{?E):
借:预计负债 3 000 000 /{R
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贷:银行存款 2 500 000 HOD?i_
营业外收入 500 000 _d!sSyk`
要求: +;H=_~b
(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。 DKo6lP`
(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: E;yr46
(a)20×8年存货周转率 Zy Df@(z`
(b)20×8年销售毛利率 kFJ]F |^7
(c)20×8年总资产净利率 };2Lrz9<
(d)20×8年12月31日的流动比率 ZS l K
(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) ~#EXb?#uS
【答案】 0#c-qy
(1)应选择营业收入作为计算重要性水平的基础。 &2@"zD
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 x8z6 <
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 4o''C |ND
销售毛利率=(64000-54000)/64000×100%=15.63% WKr4S<B8mr
总资产净利率=30/[(100000+90000)/2]=0.03% yR F+
流动比率=60000/20000=3 bil>;&h
(3) h*4wi.-
a.应建议做如下审计调整分录: Gj#BG49g2
借:应收票据 6 000 000 Jbima>
贷:短期借款 5 820 000 ,:.8s>+
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财务费用 180 000 -8:O?]+Q/
b.应建议做如下审计调整分录: 7|Qb}[s
借:预计负债 3 000 000 +=`w
贷:营业外支出 500 000 9~,!+#
其他应付款 2 500 000 )`=N+k]