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)。 !QDQ_
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: ^<LY4^
(Expressed in RMB thousands) Me6+~"am/
FINANCLAL STATEMENTS ITEMS +za8=`2o
20×8 c1%H4j4/
20×7 lg047K
0flg=U9
Sales 0%)i<a!_Z
64000 9b?SHzAa
48000 *xp\4;B
V7TVt,-3
Cost of sales \,J/ r!
54000 d|T!v
42000 <cA/<3k)
ORu2V#Z[
Net profit \6;=$f/?t
30 JWA@
+u*k
-20 BL 3gKx.'
lY*[tmz)
&YDK (&>
December 31, 20×8 D1nq2GwS
December 31, 20×7 1
xv8gC:6
3=W!4
Inventory y^7}oH _
16000 9:I6( Zv0
12000 waKT{5k
QJ|a p4r
Current assets V^Hu3aUx8
60000 9}z0J
50000 WW~+?g5
7z~_/mAI
Total assets wu"&|dt
100000 udeoW-_
90000 &CwFdx:Ff
0j C3fT!n
Current liabilities =!m}xdTP
20000 )Fb>8<%
18000 m[k_>e\u
y*MF&mQ[
Total liabilities w>b-} t
30000 wp7!>%s{
25000 cWajrLw
.5!t:FPOv
sZ?mP;Q
During the audit, John has the following findings: R-^96fFBy
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 1He{v#
Dr. Cash in Bank RMB 5820000 HK+/:'Pu
Dr. Financial Expenses RMB 180000 +{]xtQB=,{
Cr. Notes Receivable RMB 6000000 xA
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(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: mw5?[@G-
Dr. Non-operating Expenses RMB 3000000 .UoOO'1K
Cr. Provisions RMB 3000000 ?bw4~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 !;_H$r0
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: oq*N_mP0
Dr. Provisions RMB 3000000 _e9:me5d"$
Cr. Cash in Bank RMB 2500000 U.{l;EL:T
Cr. Non-operating Income RMB 500000 $wYFEz
Required: WMMO5_Mz
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. e6_ZjrQf
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: F ]O$(7*
(a)Inventory Turnover Rate in 20×8; %7g:}O$
(b)Gross Profit Ratio in 20×8; /s];{m|>
(c)After Tax Return on Total Assets in 20×8; and HHjt/gc}`
(d)Current Ratio as at December 31, 20×8 (RtueEb.~E
(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. P=1I<Pew
【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。 R/`q/0T.
以下是未经审计财务报表的部分信息: /.M+fr S
(单位:千元) 9Ct`
项目 20×8 20×7 =+w*gDr
营业收入 64 000 48 000 u{z``]
营业成本 54 000 42 000 !gnj]k&/c
净利润 30 -20 |j3'eW&=
-YD+(c`l
20×8年12月31日 20×7年12月31日 ,7XtH>2s
存货 16 000 12 000 *._|- L
流动资产 60 000 50 000 Z/rTVAs@r
总资产 100 000 90 000 b|zg<
流动负债 20 000 18 000 2BCtJ`S`
总负债 30 000 25 000 |y20Hi':
在审计过程中,约翰发现以下事项: 4.RG4Jq
(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: m*X[ Jtr
借:银行存款5 820 000 NA,CZ
财务费用 180 000 (z$r :p
贷:应收票据6 000 000 1}ZKc=Pfu
(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: A[WV'
!A,
借:营业外支出 3 000 000 r}yG0c,
贷:预计负债 3 000 000 p$7#}s
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: ;
v
借:预计负债 3 000 000 H UoyLy
贷:银行存款 2 500 000 !se0F.K
营业外收入 500 000 kX:tc
要求: kqG0%WtQ
(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。 CXtU"X
(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: |lH;Fq{\
(a)20×8年存货周转率 qW 1V85FG
(b)20×8年销售毛利率 p
(FlR?= S
(c)20×8年总资产净利率 ]\RRqLDzkg
(d)20×8年12月31日的流动比率 FI8Oz,
(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) A~nf#(!^]
【答案】 clI*7j.4E#
(1)应选择营业收入作为计算重要性水平的基础。 ?t@v&s
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 hl&-\ dc+
#<( = }?
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 G= ^X1+_
销售毛利率=(64000-54000)/64000×100%=15.63% 4;`Bj:.
总资产净利率=30/[(100000+90000)/2]=0.03% ^BZkHAp
流动比率=60000/20000=3 %=j3jj[
(3) +D#Z n!P
a.应建议做如下审计调整分录: iAMtejw
借:应收票据 6 000 000 =rPrPb
贷:短期借款 5 820 000 1r r@
财务费用 180 000 ^5=UK7e5KY
b.应建议做如下审计调整分录: <b+[<@wS
借:预计负债 3 000 000 !S%6Uzsj
贷:营业外支出 500 000 BcA31%
其他应付款 2 500 000 Rd+P,PO