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)。 A)f/ww)Q
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: StMvz~
(Expressed in RMB thousands) S%w67sGl4n
FINANCLAL STATEMENTS ITEMS I8:G:s:
20×8 zXeBUbVi
20×7 |Fzt|
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R!_1 *H$
Sales {
*Wc`ZBY
64000 au7@- _
48000 :,MI,SwnS
$/P\@|MqYQ
Cost of sales A:,V)
54000 _dn*H-5hO
42000 $b"Ex>
2}#VB;
B
Net profit /C[XC7^4'
30 4' <y
-20 -.7UpDg~
X#u< 3<P
)Z@hk]@?_[
December 31, 20×8 cN#f$
December 31, 20×7 !Y]%U @4}
i8(n(
Inventory eLop}*k
16000 6NzS <
12000 &d[%
J y0TV jA
Current assets _."X# }W
60000 Z+! 96LR
50000 ]"\XTL0
>4AwjS}H
Total assets >qynd'eToR
100000 Sy3
4doAZ
90000 ~DK=&hCd!
)mRKIM}*W
Current liabilities R~XNF/QMl
20000 iM s(Ywak]
18000 wHhIa3_v
Y]HtO^T2
Total liabilities D$bJ s O
30000 bn"z&g
25000 *uZ'MS
%Wb$qpa
h>jp.%oOu
During the audit, John has the following findings: bR|1*
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(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: AV["%$:
Dr. Cash in Bank RMB 5820000 VufG7%S{
Dr. Financial Expenses RMB 180000 ? 1b*9G%i
Cr. Notes Receivable RMB 6000000 \b|Q `)TK
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: !fG`xZ~
Dr. Non-operating Expenses RMB 3000000 :vy./83W
Cr. Provisions RMB 3000000 OL$^7F
B
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 KXga{]G:
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: u=p-]?
Dr. Provisions RMB 3000000 O7tL,)Vv
Cr. Cash in Bank RMB 2500000 uB uwE6
Cr. Non-operating Income RMB 500000 {_*$X
Required: X+k`UM~
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. W/I D8+:i
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: lIL{*q(
(a)Inventory Turnover Rate in 20×8; |m>n4-5QL
(b)Gross Profit Ratio in 20×8; >d#6qXKAU
(c)After Tax Return on Total Assets in 20×8; and [=I==?2`X
(d)Current Ratio as at December 31, 20×8 mnWbV\ VY
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. e.^Y4(
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 \%:]o-+"I
以下是未经审计财务报表的部分信息:
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(单位:千元) FUU/=)^P$
项目 20×8 20×7 (Qys`D
营业收入 64 000 48 000 |{@_J
营业成本 54 000 42 000 Qz?r4kR
净利润 30 -20 k34!*(`q
U?Icyn3q0
20×8年12月31日 20×7年12月31日 V{G9E
存货 16 000 12 000 PyfOBse}r
流动资产 60 000 50 000 C:d$
总资产 100 000 90 000 6J%+pt[tu
流动负债 20 000 18 000 BHBMMjY5
总负债 30 000 25 000 .Qeml4(`3
在审计过程中,约翰发现以下事项: GCEq3
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(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: C]+T5W\"<B
借:银行存款5 820 000 M.R]hI
财务费用 180 000 Nd4!:.
贷:应收票据6 000 000 V2?&3Z)W
(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: H/ 6GD,0
借:营业外支出 3 000 000 ~_Mz05J-\_
贷:预计负债 3 000 000 nob^
I5?
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: `L=$,7`
借:预计负债 3 000 000 ,o)U9<
贷:银行存款 2 500 000 )vFZl]
营业外收入 500 000 NTtRz(
要求: {1ic*cZS
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 35[8XD
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 2<@27C5
(a)20×8年存货周转率 D;0xROW8{
(b)20×8年销售毛利率 _}B:SM
(c)20×8年总资产净利率 ;Q =EI%_tv
(d)20×8年12月31日的流动比率 H -,RzL/
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) cAE.I$T(
【答案】 -cHX3UAEI
(1)应选择营业收入作为计算重要性水平的基础。 h}U\2$5
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 }3Y3f).ZW
H19CVc\B
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 sm>Hkci%
销售毛利率=(64000-54000)/64000×100%=15.63% VoJelyzh
总资产净利率=30/[(100000+90000)/2]=0.03% zSiSZMP"
流动比率=60000/20000=3 vK\;CSk
(3) ~=,|dGAa$
a.应建议做如下审计调整分录: "kjjq~l
借:应收票据 6 000 000 4%I(Z'*Cx
贷:短期借款 5 820 000 Tx7YHE6{
财务费用 180 000 .baS
mfc
b.应建议做如下审计调整分录: GBZx@B[TY
借:预计负债 3 000 000 sQS2U6
贷:营业外支出 500 000 w^&TG3m1~
其他应付款 2 500 000 2Ax HhD.