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)。 __||cQ
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: +<I1@C
(Expressed in RMB thousands) 8|,-P=%t
FINANCLAL STATEMENTS ITEMS v6?<)M%
20×8 8%#uZG\}
20×7 UJF
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FJ&zU<E
Sales 8JAT2a61ur
64000 l@YpgyqaL
48000 }c,}+{q
cjO,#W0&f
Cost of sales 7f
td2lv
54000 O^gq\X4}
42000 `o*g2fW!
*)d|:q3
Net profit rQ$A|GJ L
30 )u&_}6z
-20 K+mtuB]yr
am05>c9
(jY
s_8;
December 31, 20×8 %jM|*^\%
December 31, 20×7 ArU>./)Q
"$8<\k$LGT
Inventory osX23T~-
16000 Q<``}:y|>
12000 Sb[rSczS~
0+:.9*g=k
Current assets C5R
DP~au
60000 c\4n 7m,y
50000 ?\F ,}e
Nmsb
Total assets [I4FU7mpH
100000 cCV"(Oo[H|
90000 j)IK
a\m10Ih:
Current liabilities e?lqs,m@"
20000 M7Hk54U+t
18000 |H_)u
D+o.9I/{
Total liabilities ]:E]5&VwV}
30000 [Iihk5TT
25000 lE|T'?/
BK d(
Sc~kO4
During the audit, John has the following findings: kdYl>M
(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: $=m17GD
Dr. Cash in Bank RMB 5820000 F<(xz=
Dr. Financial Expenses RMB 180000 Eq<#
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Cr. Notes Receivable RMB 6000000 4l`gAE$
(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: >;3c;nf
Dr. Non-operating Expenses RMB 3000000 b);}x1L.T
Cr. Provisions RMB 3000000
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Ju9v n44
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: !d0@^JbM"
Dr. Provisions RMB 3000000 n
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Cr. Cash in Bank RMB 2500000 .RWBn~b#I
Cr. Non-operating Income RMB 500000 }t-r:R$
,
Required: -5ec8m8
(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. 1aT$07G0
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: gq@."wHU
(a)Inventory Turnover Rate in 20×8; zuPH3Q={
(b)Gross Profit Ratio in 20×8; }b^lg&$(
(c)After Tax Return on Total Assets in 20×8; and 6kuSkd$.
(d)Current Ratio as at December 31, 20×8
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(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. pq&c]8H
【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。 `WW0~Tp3
以下是未经审计财务报表的部分信息: v1lj /A
(单位:千元) HYH!;
项目 20×8 20×7 B&$89]gs|
营业收入 64 000 48 000 5,((JxX$
营业成本 54 000 42 000 ,/ : )FV
净利润 30 -20 N_DgnZ7*
;hZ@C!S:
20×8年12月31日 20×7年12月31日 )yK!qu
存货 16 000 12 000 QE}@|H9xs
流动资产 60 000 50 000
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总资产 100 000 90 000 '~cEdGD9H
流动负债 20 000 18 000 ]/']{*T1
总负债 30 000 25 000 IyuT=A~
Ki
在审计过程中,约翰发现以下事项: z} \9/`
(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: yEny2q}
借:银行存款5 820 000 -ur]k]R
财务费用 180 000 nJya1AH;
贷:应收票据6 000 000 FS}z_G|4]
(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?<L8;$s7
借:营业外支出 3 000 000 2yZ6:U~
贷:预计负债 3 000 000 s?E: ]
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: ybG)=0
借:预计负债 3 000 000 F1=+<]!
贷:银行存款 2 500 000 !!86Sv
营业外收入 500 000 8dhY"&
要求: RVsN r
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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。 /fq6-;co+
(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: B<RONQj_
(a)20×8年存货周转率 $g};u[y
(b)20×8年销售毛利率 &F}+U#H
(c)20×8年总资产净利率 lBdF9F<
(d)20×8年12月31日的流动比率 Mt Z(\&~
(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) GXRjR\Ch
【答案】 +*DX(v"BH
(1)应选择营业收入作为计算重要性水平的基础。 l}2WW1b(
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 #c>MUC(?s:
u3:Q t2^S
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 f tPw6
销售毛利率=(64000-54000)/64000×100%=15.63% 8TPm[r]
总资产净利率=30/[(100000+90000)/2]=0.03% J4g;~#_19
流动比率=60000/20000=3 dmy-}.pqN
(3) TH!8G,(w
a.应建议做如下审计调整分录: g4X,*H
借:应收票据 6 000 000 >nDnb4 'C
贷:短期借款 5 820 000 t>2^!vl
财务费用 180 000 RX1{?*r]Z
b.应建议做如下审计调整分录: n4 @a`lN5g
借:预计负债 3 000 000 }$1;<
贷:营业外支出 500 000 2>k)=hl:
其他应付款 2 500 000 MGzF+ln^U