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)。 #96a7K
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: 40XI\yE_?
(Expressed in RMB thousands) xuF_^
FINANCLAL STATEMENTS ITEMS .v{ty
20×8 XJ+sm^`vOf
20×7 teb(\% ,
RP$A"<goP
Sales [cq>QMW
64000 DS
yE
48000 3L|k3 `I4
q$P"o].EK
Cost of sales gqG"t@Y+
54000 zFIbCv8
42000 P^UcpU,
"P~>AXcq
Net profit \JchcQ
30 "2-TtQV!
-20 sQw-#f7t
1mqFnVkf&+
,ic}
December 31, 20×8 ,7aqrg
December 31, 20×7 Up:#Zs2
gTT-7
Inventory Lfor0-j
16000 FB""^IC?W
12000 %?seX+ne
vs+N{ V
Current assets (@zn[Nq
60000 $HRpG
50000 +t f=
Q5ux**(Wr
Total assets s*;~CH-[
100000 8eNGPuoL)
90000 +x`tvo
kI]1J
Current liabilities QnqX/vnR
20000 9I9)5`d|Jn
18000 N{'k
]&
R)v`ZF,/b
Total liabilities
_v\QuI6
30000 ^,3 >}PU
25000 shD$,!
k
Pdv&X*KA
xg8<b
During the audit, John has the following findings: ZISR]xay
(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: +{s^"M2`
Dr. Cash in Bank RMB 5820000 +CACs7tV
Dr. Financial Expenses RMB 180000 JO$0Z
Cr. Notes Receivable RMB 6000000 0
[s1!Cm!i
(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: L.5GX 29
Dr. Non-operating Expenses RMB 3000000 = #`FXO1C
Cr. Provisions RMB 3000000 0Bll6Rd
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ixp %aRRP
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: _&T$0SZco
Dr. Provisions RMB 3000000 )}EwEM
Cr. Cash in Bank RMB 2500000 ?lTQjw{
Cr. Non-operating Income RMB 500000 hX^XtIC=
Required: BjShK+Y
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. yO !*pC
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: D=8=wT2<
(a)Inventory Turnover Rate in 20×8; 5\pizD/17
(b)Gross Profit Ratio in 20×8; V; ChrmE
(c)After Tax Return on Total Assets in 20×8; and vt1!|2{
h
(d)Current Ratio as at December 31, 20×8 |i|O9^*%
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. _C##U; e!
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 WA<~M)rb
以下是未经审计财务报表的部分信息: zpY8w#b
(单位:千元) f}fM%0/5
项目 20×8 20×7 {5,CW
营业收入 64 000 48 000 -v]7}[
.[
营业成本 54 000 42 000 6K,AQ.=V2
净利润 30 -20 Z$q}y
79^
=lzjMRX(?
20×8年12月31日 20×7年12月31日 8.vD]hO
存货 16 000 12 000 ]`lTkh
流动资产 60 000 50 000 (LnKaf8
总资产 100 000 90 000 RW3&]l=
流动负债 20 000 18 000 U+\\#5$
总负债 30 000 25 000 F:\CDM=lS
在审计过程中,约翰发现以下事项: #jnb6v=5v
(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: m49)c K?
借:银行存款5 820 000 XX+4X*(o
财务费用 180 000 RxAZ<8T_
贷:应收票据6 000 000 Er{yQIi0L
(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: j_k!9"bt
借:营业外支出 3 000 000 5YRa2
#d
贷:预计负债 3 000 000 N^O.P
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: 0Rj_l:
d=
借:预计负债 3 000 000 -ohqw+D
贷:银行存款 2 500 000 wz'D4B
营业外收入 500 000 7r:!HmRl
要求: vzfWPjpKW
(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。 O5E \#*<K
(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: -(Yq$5Zc&
(a)20×8年存货周转率 %/4ChKf!VR
(b)20×8年销售毛利率 sVGyHA
(c)20×8年总资产净利率 t)5bHVx
(d)20×8年12月31日的流动比率 7%C6gU!r
(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) gVb;sk^
【答案】 Z[ys>\_To
(1)应选择营业收入作为计算重要性水平的基础。 ^W;\faG
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 `Os@/S
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 H>2)R7h
销售毛利率=(64000-54000)/64000×100%=15.63% <5=^s%H
总资产净利率=30/[(100000+90000)/2]=0.03% caS5>wk`R
流动比率=60000/20000=3 |'.\}xt7
(3) oH$4K8j
a.应建议做如下审计调整分录: } DoNp[`
借:应收票据 6 000 000 {"-uaH>,
贷:短期借款 5 820 000 u1rT:\G1
财务费用 180 000 rxt)l
b.应建议做如下审计调整分录: 7V?TLGgd$
借:预计负债 3 000 000 Gq?JMq#
贷:营业外支出 500 000 67^?v)|
其他应付款 2 500 000 ]e!9{\X,*