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)。 i%8I (F
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: $vC!Us{z
(Expressed in RMB thousands) e[HP]$\
FINANCLAL STATEMENTS ITEMS \)=X=yn2
20×8 yE(> R(^
20×7 F8J;L](Dq
&!uNN|W
Sales ~@x@uY$5
64000 8Q&hhmOnz
48000 "0F =txduS
]}_@!F)
Cost of sales Ub%al
D
54000 0B^0,d(s
42000 ))"
*[
<m"yPi3TY
Net profit q^
{Xn-G
30 L {6y]t7^
-20 9OeY59
:
x: `]uOp
%C
_RBd
December 31, 20×8 ;~Ke5os=s
December 31, 20×7 f -N:
GoI3hp(
Inventory 5G@z l
16000 A#gmKS<J/7
12000 -'FzH?q:
uFM]4v3
Current assets :*aBiX"
60000 w`
(EW>i
50000 \Gh]$sp
}LDH/#
u
Total assets ;Ocih<4k
100000 M^\#(0^2@
90000 `p@YV(
#{)=%5=c
Current liabilities G 2]/g
20000 sT"U}
18000 Fi+v:L|
^zv0hGk 2
Total liabilities @|:_ ?
30000 opQ%!["N
25000 HtUFl
w /$4
Rv+S
\$Xo5f<
During the audit, John has the following findings: =.9L/74@
(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: )~1QOl
"~
Dr. Cash in Bank RMB 5820000 LXr
yv;H
Dr. Financial Expenses RMB 180000 e"u=4nk
Cr. Notes Receivable RMB 6000000 *{t{/^'y
(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: @EZ@X/8{&
Dr. Non-operating Expenses RMB 3000000 ^EGe%Fq*x]
Cr. Provisions RMB 3000000 CO e"te
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 3fJGJW!zu
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: 7mipj]
Dr. Provisions RMB 3000000 [:-Ltfr
Cr. Cash in Bank RMB 2500000 gTE/g'3
Cr. Non-operating Income RMB 500000 '!*,JG5_
Required: =B9Ama
(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. gF(aYuk
(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: X}.y-X#v5J
(a)Inventory Turnover Rate in 20×8; } 5~|h%
(b)Gross Profit Ratio in 20×8; A`V
z5WB
(c)After Tax Return on Total Assets in 20×8; and vdFy}#X
(d)Current Ratio as at December 31, 20×8 JivkY"= F
(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. ,bh OIuep3
【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。 YPQ&hEu0
以下是未经审计财务报表的部分信息: lf4V;|!^
(单位:千元) 4
13,O~^
项目 20×8 20×7 PtySPDClj
营业收入 64 000 48 000 gs)wQgJ [
营业成本 54 000 42 000 i3~"qbU%z[
净利润 30 -20 m6J7)Wp
6/`$Y!.ub
20×8年12月31日 20×7年12月31日 T4,dhS|
存货 16 000 12 000 :_;9&[H9ha
流动资产 60 000 50 000 8?ldD
总资产 100 000 90 000 ]J;pUH+u
流动负债 20 000 18 000 X~ n=U4s}O
总负债 30 000 25 000 xc[LbaBG
在审计过程中,约翰发现以下事项:
{ndL]c'v
(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: w5 nzS)B:u
借:银行存款5 820 000 L&$ X\\Lv^
财务费用 180 000 (uV~1
贷:应收票据6 000 000 n82N@z<8]
(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: *-~B{2b<
借:营业外支出 3 000 000 5$o]D
贷:预计负债 3 000 000 mM.-MIp
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: M)t d%<_
借:预计负债 3 000 000 &WN#HI."]
贷:银行存款 2 500 000 M>hHTa?W
营业外收入 500 000 ?bwF$Ku
要求: HMyw:?
(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。 hA1\+r
(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: (R)\
(a)20×8年存货周转率 Kbjt CI7
(b)20×8年销售毛利率 <}S1
ZEZcQ
(c)20×8年总资产净利率 M`!\$D
(d)20×8年12月31日的流动比率 LB}y,-vX>
(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) ))"J
【答案】 qMT7g LB'1
(1)应选择营业收入作为计算重要性水平的基础。 U$o\?4
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 dn0?#=
`9QvokD
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 }HB)%C50.
销售毛利率=(64000-54000)/64000×100%=15.63% V?U->0>Z4
总资产净利率=30/[(100000+90000)/2]=0.03% eekp&H$'s
流动比率=60000/20000=3 ssVO+
T
(3) ~A<1xszC
a.应建议做如下审计调整分录: \DsP'-t
借:应收票据 6 000 000 u4QPO:,a4
贷:短期借款 5 820 000 KLv`Xg \
财务费用 180 000 Vy-N3L
b.应建议做如下审计调整分录: T_ifDQX;
借:预计负债 3 000 000 Bbuy
y
贷:营业外支出 500 000 HMsTm}d
其他应付款 2 500 000 f,GF3vu"