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)。 gq}c
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: [Y^h)k{-$
(Expressed in RMB thousands) \\`(x:\
FINANCLAL STATEMENTS ITEMS ylQ9Su>o
20×8 caV DV
20×7 mR8tW"Z2
a o@CPB6N
Sales vr_Z0]4`C9
64000 zqp>Xw
48000 y-"QY[
,MG`}*N}
Cost of sales r5NH*\Q
54000 LbR'nG{J
42000 x_wWe>0
6S0Gjekr
Net profit <@Y`RqV +
30 a`LkP%
-20 QI78/gT,d
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4
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December 31, 20×8 pv"s!q&
December 31, 20×7 wGxH
j@{dsS:6
Inventory W mx3@]<
16000 [c v!YE
12000 (D{J|
Y)l=r^Ap>
Current assets `Io
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60000 d;{k,rP6
50000 Bi>]s%zp
amWKykVS5
Total assets FwD
q@Oj
100000 uJ0Wb$%
90000 g2A#BMe'.$
Rgl cd
Current liabilities 1X9J[5|ll
20000 UKPr[
18000 n+nZ;GJ5d
]0W64cuT
Total liabilities jINI<[v[
30000 S
f@xP.d
25000 Q8$;##hzt
4
=T_h`
(^E5y,H<g
During the audit, John has the following findings: VCvf'$4(X
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: c:<a"$
Dr. Cash in Bank RMB 5820000 _'*(-K5&
Dr. Financial Expenses RMB 180000 q$Ms7` a
Cr. Notes Receivable RMB 6000000 4&v&XLkb
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 7U2B=]<e-
Dr. Non-operating Expenses RMB 3000000 `7[!bCl
Cr. Provisions RMB 3000000 0|8cSE<
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 . i^@v<+
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 7zIfsb
Dr. Provisions RMB 3000000 0Gu?;]GSv
Cr. Cash in Bank RMB 2500000 "bQi+@
Cr. Non-operating Income RMB 500000 )g}G{9M^
Required: `,4@;j<^@
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. aIh} j,
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: @.`k2lxGd~
(a)Inventory Turnover Rate in 20×8; [jrfh>v
(b)Gross Profit Ratio in 20×8; ]'$:Y
(c)After Tax Return on Total Assets in 20×8; and v5U'ky:
(d)Current Ratio as at December 31, 20×8 i'\-Y]?[
(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. .tQ(q=#
【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。 S\!vDtD@
以下是未经审计财务报表的部分信息: VN'\c3;
(单位:千元) KVUub'k
项目 20×8 20×7 < RtyW
营业收入 64 000 48 000 YHMJ5IM@.
营业成本 54 000 42 000 $: |`DCC
净利润 30 -20 Ge7B%p8
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20×8年12月31日 20×7年12月31日 g:GywXW
存货 16 000 12 000 uh \Tf5
流动资产 60 000 50 000 23 #JmR
总资产 100 000 90 000 L4bYVTm|
流动负债 20 000 18 000 :{B']~Xf
总负债 30 000 25 000 ?<Lm58p8
在审计过程中,约翰发现以下事项: 0WYu5|
(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: }X/YMgJ
借:银行存款5 820 000 DsbTx.vA
财务费用 180 000 A}&YK,$5ED
贷:应收票据6 000 000 D5f[:
(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: (U
4n} J
借:营业外支出 3 000 000 gGx(mX._L?
贷:预计负债 3 000 000 1&<o3)L:
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: jicH 94#(]
借:预计负债 3 000 000 \u))1zRd
贷:银行存款 2 500 000 S\Le;,5Z
营业外收入 500 000 He}?\C
Bo
要求: o=
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(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。 LsaX
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(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:
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(a)20×8年存货周转率 $)BPtGMGo
(b)20×8年销售毛利率 NJV kn~<
(c)20×8年总资产净利率 J9DI(`
(d)20×8年12月31日的流动比率 -Dy<B
(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) zufsmY4P
【答案】 -;FAS3(wy
(1)应选择营业收入作为计算重要性水平的基础。 =tP^vgfQ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ,v#n\LD`
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 c2fSpvz
销售毛利率=(64000-54000)/64000×100%=15.63% K2e*AE*
总资产净利率=30/[(100000+90000)/2]=0.03% 7YK6e
流动比率=60000/20000=3 kM&-t&7
(3) Aq$1#1J
a.应建议做如下审计调整分录: V0W4M%
借:应收票据 6 000 000 S
Jc~E$5<
贷:短期借款 5 820 000 !`1m.
财务费用 180 000 @!O(%0
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b.应建议做如下审计调整分录: a1/+C$
oB
借:预计负债 3 000 000 r>TOJVT&]
贷:营业外支出 500 000 `h'=F(v(}
其他应付款 2 500 000 cAot+N+9|]