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)。 J5T#}!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: '
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(Expressed in RMB thousands) -`UlntEdZ:
FINANCLAL STATEMENTS ITEMS mK-:laIL"
20×8 mg(56)
20×7 ,gc#N
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Sales MvmP["%J4_
64000 bg}77Y'^
48000 lg+g:o
j[cjQ]>~'
Cost of sales m5X=P5U
54000 B vc=gW
42000 E}=NZqOB!
B_2>Yt"
Net profit sD+G+
30 Z(M)2
-20 KOx#LGz
&:*+p-!2<
eb\`)MI/
December 31, 20×8 bicL%I2h
December 31, 20×7 NN'<-0~
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Inventory |/;5|
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16000 cx(F,?SbS
12000 nj`qV
ooSd6;'
Current assets {B.]w9
60000 ;h
J*u
50000 *XOKH+_u
#>B1$(@
Total assets x^2/jUc#B
100000 DG?\6Zh
90000 ~[q:y|3b
:q
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Current liabilities B[
ka@z7
20000
Xy<f_
18000 !
hr@{CD
nF$)F?||
Total liabilities b.*4RL
30000 MToQ8qKs
25000 }{oBKm9_p
L0 2~FT
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During the audit, John has the following findings: 7`@?3?
(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: 5udoZ>T
Dr. Cash in Bank RMB 5820000 1>y=i+T/b
Dr. Financial Expenses RMB 180000 ^3o8F
Cr. Notes Receivable RMB 6000000 B1#>$"_0}=
(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: G%R`)Z]8&
Dr. Non-operating Expenses RMB 3000000 Jjh!/pWZ4
Cr. Provisions RMB 3000000 mm<iT59
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 4(GgaQFO?
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: <" l;l~Y1
Dr. Provisions RMB 3000000 Vzvw/17J
Cr. Cash in Bank RMB 2500000 J4c 4Os
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Cr. Non-operating Income RMB 500000 `1<3Hu_
Required: 3#9r4;&
(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. q.[[c
(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: m+{:
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(a)Inventory Turnover Rate in 20×8; 91d`LsP
(b)Gross Profit Ratio in 20×8; )ZyuF(C&
(c)After Tax Return on Total Assets in 20×8; and >/kG5]zxY
(d)Current Ratio as at December 31, 20×8 Z*)Y:tk)b
(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. S{7ik,Gdg
【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。 Pt0} 9Q
以下是未经审计财务报表的部分信息: |0R%!v(,
(单位:千元) DK_v{R
项目 20×8 20×7 N/{Yi
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营业收入 64 000 48 000 Y6?mY!
营业成本 54 000 42 000 H6S vU
净利润 30 -20 <L
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20×8年12月31日 20×7年12月31日 `4$Qv'X*
存货 16 000 12 000 lT!$\E$1
流动资产 60 000 50 000 &|"I0|tJ
总资产 100 000 90 000 MXJ9,U{<C'
流动负债 20 000 18 000 JgKZ;GM:W
总负债 30 000 25 000 =&
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在审计过程中,约翰发现以下事项: ~2DV{dyj
(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: [pFu
]^X
借:银行存款5 820 000 jTUf4&b-
财务费用 180 000 %<#3_}"T|
贷:应收票据6 000 000 *([)X2A@+
(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: [d~bZS|(T(
借:营业外支出 3 000 000 nEcd+7(
贷:预计负债 3 000 000 lF"(|n"R
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: }cK~=@7tK
借:预计负债 3 000 000 xXxh3 k\
贷:银行存款 2 500 000 4FE@s0M,
营业外收入 500 000 -hFyqIJW
要求: SLjf<.S
(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。 y
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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: xP6?e s`
(a)20×8年存货周转率 bd
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(b)20×8年销售毛利率 FO>( QLlH
(c)20×8年总资产净利率 5~%,u2
(d)20×8年12月31日的流动比率 {AL9o2
(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) `CEj 4
【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 C"^hMsU8
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 !a&SB*%^I3
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 P:,
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销售毛利率=(64000-54000)/64000×100%=15.63% ^N2M/B|0
总资产净利率=30/[(100000+90000)/2]=0.03% *:tjxC
流动比率=60000/20000=3 hB}h-i(u
(3) /b:t;0G
a.应建议做如下审计调整分录: M$4=q((0
借:应收票据 6 000 000 XZdr`$z f
贷:短期借款 5 820 000 O][Nl^dl
财务费用 180 000 3AQ>>) T~
b.应建议做如下审计调整分录: G!VF*yW8
借:预计负债 3 000 000 PSf5p\<5
贷:营业外支出 500 000 fxoi<!|iGY
其他应付款 2 500 000 T<e7(=