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)。 }8 z:L<
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: _dm0*T ?
(Expressed in RMB thousands) <9,h!
FINANCLAL STATEMENTS ITEMS FJZ'P;3
20×8 I/njyV)H
20×7 E\!X$
g{DehBM
Sales J1}\H$*X
64000 c`xNTr01
48000 QZ&(e2z
C^"zU>W_
Cost of sales U}jGr=tu
54000 d2UidDU5qa
42000 ~QbHp|g
[<53_2]~
Net profit -kk7y
30 E'aOHSAg
-20 -0CBMoe
l48$8Mgrr
\eKXsO"d
December 31, 20×8 yo#r^iAr
December 31, 20×7 Cy?]o?_?
{C5:as
Inventory mzK0$y#*o
16000 zTcz+3x
12000 by>%}#M
7=Muq]j2
Current assets `;}`>!8j
60000 72Bc0Wg
50000 P6GTgQ<'BA
{*O%A
Total assets eV*QUjS~
100000 rQ*w3F?:
90000 ,CyX*k8o
z]N#.utQ
Current liabilities }3: mn
20000 ltuV2.$
18000 9Do75S{(
e=(Y,e3
Total liabilities s-rc0:I
30000 5Hu[*
25000 F)cCaE;
^}~Q(ji7
+zMhA p
During the audit, John has the following findings: *Vl#]81~
(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: l{7}3Am6
Dr. Cash in Bank RMB 5820000 E'\gd7t ;
Dr. Financial Expenses RMB 180000 9 wR D=a
Cr. Notes Receivable RMB 6000000 %J1'>nI!q
(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: (@}^ 3jpT
Dr. Non-operating Expenses RMB 3000000 V5lUh#@TN&
Cr. Provisions RMB 3000000 ~}b0zL
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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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: B7uK:J:c*H
Dr. Provisions RMB 3000000 t/t6o&
Cr. Cash in Bank RMB 2500000 :-d#kU
Cr. Non-operating Income RMB 500000 : 2%eh
Required: k4$z
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(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. 5b"=m9{g
(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: 9R$$(zB 1;
(a)Inventory Turnover Rate in 20×8; fC'u-m?!Q'
(b)Gross Profit Ratio in 20×8; ,mm97I
(c)After Tax Return on Total Assets in 20×8; and q,ie)`
(d)Current Ratio as at December 31, 20×8 OT\D;Z"__I
(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. 4C?{p%3c
【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。 9mHCms
以下是未经审计财务报表的部分信息: XcoX8R%U
(单位:千元) I?D=Q$s
项目 20×8 20×7 }'Ap@4
营业收入 64 000 48 000 N>3{!K>/Y:
营业成本 54 000 42 000 +>C2
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净利润 30 -20 c<_1o!68
AT
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20×8年12月31日 20×7年12月31日 BaIpX<$T
存货 16 000 12 000 2T*kmDp
流动资产 60 000 50 000 K7C
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总资产 100 000 90 000 !y_L~81?
流动负债 20 000 18 000 g"n>v
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总负债 30 000 25 000 w
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在审计过程中,约翰发现以下事项: 5P<"I["
(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: CL2zZk{u_
借:银行存款5 820 000 iWeUsS%zpV
财务费用 180 000 b&!}SZ
贷:应收票据6 000 000 e-`9-U%6
(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: gtH^'vFZ
借:营业外支出 3 000 000 &c-V
QP(
贷:预计负债 3 000 000 Po=:-Of:
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: x=rMjz-`_
借:预计负债 3 000 000 kq=Htbv7
贷:银行存款 2 500 000 Bs0~P 4^
营业外收入 500 000 ij]~n
要求: 7|=SZ+g
(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。 I`B ZZ-
(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: j6^.Q/{^
(a)20×8年存货周转率 pm+E)z6Yo
(b)20×8年销售毛利率 G$YF0Nc
(c)20×8年总资产净利率 !N+{X
\+
(d)20×8年12月31日的流动比率 -ioO8D&!
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) DOtz
【答案】 4?@5JpC9VA
(1)应选择营业收入作为计算重要性水平的基础。 x3'ANw6E
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 K
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 I SZEP8w
销售毛利率=(64000-54000)/64000×100%=15.63% J",Cwk\
总资产净利率=30/[(100000+90000)/2]=0.03% ZWyf.VJ
流动比率=60000/20000=3 uq6>K/~D
(3) A*qR<cp[
a.应建议做如下审计调整分录: kxe{HxM$Z
借:应收票据 6 000 000 G:+D1J]
贷:短期借款 5 820 000 :Hitx
财务费用 180 000 xM)P=y_!M+
b.应建议做如下审计调整分录: |oeg'T
借:预计负债 3 000 000 )LG!"~qiz
贷:营业外支出 500 000 SgQmR#5
其他应付款 2 500 000 clqFV