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)。 9h amxi
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: bGCC?}\
(Expressed in RMB thousands) v-tI`Qpb
FINANCLAL STATEMENTS ITEMS SO=gG 2E
20×8 -67Z!N
20×7 =I`S7oF
TKR#YJQ?K
Sales byxlC?q7
64000 KClkPL!jP
48000 Jt=->
taE
p
Cost of sales . vb##D
54000 uQIPnd(V
42000 { c#US
Vr
EGR$
Net profit 'F d+1
3
30 hzsQK_;S
-20 7GOBb|
c!ZZMCs
[)Nt;|U
December 31, 20×8 a+E
8s7C/D
December 31, 20×7 dd
lxyT
h'
Inventory w7Yu} JY^
16000 NPK;
12000 ]q1w@)]n}
'2.ey33V
Current assets -D~K9u]U_
60000 SZF 8InyF
50000 H~Uf2A)C
2Mt$Dah
Total assets &<N8d(
100000 q[\ 3,Y
90000 .dU91> ~Ov
~JT`q:l-q
Current liabilities MJ JC6:
20000 f)*?Ji|5F
18000 /x??J4r0
.o/|]d`%
Total liabilities l zFiZx
30000 q`1tUd 4G
25000
;j26(dH
8J3#(aBm
:qdyCsn2
During the audit, John has the following findings: >%tP"x{
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: JKZVd`fF
Dr. Cash in Bank RMB 5820000 kH eD(Ea
Dr. Financial Expenses RMB 180000 peVY2\1>R
Cr. Notes Receivable RMB 6000000 ;0dH@b
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Ak?9a_f
Dr. Non-operating Expenses RMB 3000000 OkciL]
Cr. Provisions RMB 3000000 l ms^|?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 jlBsm'M<m
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 8xLQ"
l+"
Dr. Provisions RMB 3000000 ,7B7X)m{3
Cr. Cash in Bank RMB 2500000 ArtY;.cg%
Cr. Non-operating Income RMB 500000 %@PcQJg U<
Required: ^aB;Oo
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. gX{j$]^6G8
(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: xRWfZ3E
#
(a)Inventory Turnover Rate in 20×8; <.ZIhDiEl
(b)Gross Profit Ratio in 20×8; aH"d~Y^
(c)After Tax Return on Total Assets in 20×8; and c,r6+oX
(d)Current Ratio as at December 31, 20×8 c +]r
(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. eQ'E`S_d
【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。 }ekNZNcuM
以下是未经审计财务报表的部分信息: &}u_e`A
(单位:千元) r ~{nlLO}
项目 20×8 20×7 f/sz/KC]~
营业收入 64 000 48 000 z -?\b^
营业成本 54 000 42 000 j
EbmW*
净利润 30 -20 %`b
s<ZWT
zu}uW,XH-
20×8年12月31日 20×7年12月31日 aG7Lm2{c"
存货 16 000 12 000 )j8'6tk)Z
流动资产 60 000 50 000 TIp\-
总资产 100 000 90 000 t%mi#Gh(
流动负债 20 000 18 000 &- p(3$jn7
总负债 30 000 25 000 `lY-/Ty
在审计过程中,约翰发现以下事项: \;-Yz
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: Ov(k:"N
借:银行存款5 820 000 <W!T+sMQj
财务费用 180 000 oT}$N_gFT
贷:应收票据6 000 000 <IZr..|O
(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: OFohyy(
借:营业外支出 3 000 000 bmHj)^v5]
贷:预计负债 3 000 000 |}77'w :
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:
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借:预计负债 3 000 000 bzG vnaTt
贷:银行存款 2 500 000 ^X#)'\T
营业外收入 500 000
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要求: d*TH$-F!p
(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。 <RxxGD
(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: D Z~036
(a)20×8年存货周转率 /*g0M2+OZo
(b)20×8年销售毛利率 rv{ Wti[
(c)20×8年总资产净利率 &v]xYb)+<
(d)20×8年12月31日的流动比率 F4=X(P_6
(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) <1vogUDW
【答案】 sB0]lj-[Un
(1)应选择营业收入作为计算重要性水平的基础。 qi@Nz=t#HJ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Y3|_&\v6
~I")-2"B
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 p+Yy"wH:h{
销售毛利率=(64000-54000)/64000×100%=15.63% vm
xS^_I
总资产净利率=30/[(100000+90000)/2]=0.03% + $M<ck?Bo
流动比率=60000/20000=3 +^J&x>5
(3) Zp/P/97p
a.应建议做如下审计调整分录: QfjoHeG7
借:应收票据 6 000 000 M\ wCZG
贷:短期借款 5 820 000 :"Vmy.xq
财务费用 180 000 &OvA[<qT
b.应建议做如下审计调整分录: 8I*yS#
借:预计负债 3 000 000 uGC%3!f!
贷:营业外支出 500 000 ^!m%:r7Dr
其他应付款 2 500 000 h 1'm[Y