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)。 .c#y%S
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: x)UwV
(Expressed in RMB thousands) < Z|Ep1W
FINANCLAL STATEMENTS ITEMS ^T.E+2=>z
20×8 :iiw3#]
20×7 *FfMI
xP=/N!,#
Sales
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64000 @
a4/ELx
48000 zFQ&5@43
O8]'o*<]
Cost of sales fA=#Fzk 2
54000 l_j4DQBRV
42000 n9;;x%6 .I
| ea~'N1
Net profit b7/AnSR~Jt
30 [Px'\nVf
-20 {T'GQz+R"
?+c`]gO7N
GdVhK:<>
December 31, 20×8 D{v8q)5r
December 31, 20×7 5/QRL\
9]'($:LF08
Inventory ^>?CMcN4*
16000
1G7b%yPA
12000
Ke-)vPc
`mH %!{P
Current assets =&dW(uyzY
60000 [0OJdY4
50000 CU:o*;jP
I5AO?BzJ
Total assets 1ZJQs6
100000 =op%8NJf
90000 D^U:
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Current liabilities <e%F^#y_
20000 jxgj,h"}9`
18000 ?4G|+yby
O|cu.u|
Total liabilities 65,(4Udz!
30000 <
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25000 uE=$p)
nH !3(X*
Y`6rEA0
During the audit, John has the following findings: i7
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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: E^ hHH?w+
Dr. Cash in Bank RMB 5820000 sP'0Sl~NU
Dr. Financial Expenses RMB 180000 r,(et
Cr. Notes Receivable RMB 6000000 IgL_5A
(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: #(LfYw.P1V
Dr. Non-operating Expenses RMB 3000000 -V %gVI[
Cr. Provisions RMB 3000000 jy2IZ o
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 W2-=U@
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: #kkY@k$4
Dr. Provisions RMB 3000000
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Cr. Cash in Bank RMB 2500000 rC[6lIP
Cr. Non-operating Income RMB 500000 KyP)Qzp
Required: :RxHw;!
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 2WvN2"f3
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: hbOnlj4
(a)Inventory Turnover Rate in 20×8; jx_4B%kzq
(b)Gross Profit Ratio in 20×8; W</n=D<,I
(c)After Tax Return on Total Assets in 20×8; and |r RG=tG_'
(d)Current Ratio as at December 31, 20×8 :Zw@yt
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. f!t69nd%L
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 G&eP5'B4i
以下是未经审计财务报表的部分信息: 0
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(单位:千元) /DS?}I.*]
项目 20×8 20×7 O$!*%TL
营业收入 64 000 48 000 pL1s@KR
营业成本 54 000 42 000 ALd;$fd qf
净利润 30 -20 0m9ZQ
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20×8年12月31日 20×7年12月31日 ;/AG@$)
存货 16 000 12 000 gd@p|PsS^
流动资产 60 000 50 000 PHM:W%g:
总资产 100 000 90 000 Ek.&Sf$cd'
流动负债 20 000 18 000 T&"i _no*
总负债 30 000 25 000 JbQZ!+
在审计过程中,约翰发现以下事项: 3mt%!}S
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: Vs0 SXj
借:银行存款5 820 000 T9y;OG
财务费用 180 000 nw'-`*'rj
贷:应收票据6 000 000 1ywU@].6J]
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ES:!Vx9t0|
借:营业外支出 3 000 000 {GqXP0'
贷:预计负债 3 000 000 r;cV&T/?
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ^
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借:预计负债 3 000 000 !#D=w$@r:
贷:银行存款 2 500 000 GSVdb/+
营业外收入 500 000 Yig0/"
要求: y)J(K*x/$
(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。 ('o
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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: v1[_}N9f>H
(a)20×8年存货周转率 uf) Oy7FQ
(b)20×8年销售毛利率 Nofu7xiDw[
(c)20×8年总资产净利率 F#q&(
(d)20×8年12月31日的流动比率 W 5DbFSgB
(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) E%k7wM {
【答案】 h#f&|*Q5m
(1)应选择营业收入作为计算重要性水平的基础。 j^u[F"
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 *crw^e
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 %|Hp Bs#'
销售毛利率=(64000-54000)/64000×100%=15.63% Q2'eQ0W{o
总资产净利率=30/[(100000+90000)/2]=0.03% U1m\\<,
流动比率=60000/20000=3 ^o<[.
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(3) _3^y|_!
a.应建议做如下审计调整分录: 5h_5Z~
借:应收票据 6 000 000 hFb
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贷:短期借款 5 820 000 'wQy]zm$
财务费用 180 000 M23&<}Q8
b.应建议做如下审计调整分录: N7.
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借:预计负债 3 000 000 T[Q"}&bB
贷:营业外支出 500 000 b&t[S[P.V
其他应付款 2 500 000 NtZ6$o<Y