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)。 6v732;^
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: 'EhBRU%
(Expressed in RMB thousands) >I'%!E;
FINANCLAL STATEMENTS ITEMS WO*9+\[v
20×8 cP>o+-)
20×7 q1{H~VSn"
#"*e+.j[;
Sales T)iW`
vZg8
64000 =;L*<I
48000 g P}+wbk
-ysn&d\rV
Cost of sales 8y2+$
54000
zj{s}*
42000 _^ |2}t
=H`Q~Xx
Net profit
``K#}3
30 )%Iv[TB[
-20 K\?]$dK5
!36]ud&
~N0sJ%
December 31, 20×8 :#t*K6dz
December 31, 20×7 ^A_;#vK
(P|pRVO
Inventory ?&+9WJ<M
16000 @x&P9M0g
12000 PL=^}{r
2f:^S/.A
Current assets pox,Im
60000 eVh-_
50000
%yS3&Ju
b{7E;KyY,
Total assets .?W5{U
100000 JK_OZ
90000 5jcte<
5I_
Q /x8 #X
Current liabilities rSXzBi{
20000 e /K#>,
18000 [1G^/K"
uKr1Z2
Total liabilities c,\i"=!$
30000 5z$,6T
25000 6=GZLpv
._Zt=jB
~+F;q
vq
During the audit, John has the following findings: o2H1N~e#c
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: '-$XX%TOAc
Dr. Cash in Bank RMB 5820000 %q3$|>
Dr. Financial Expenses RMB 180000 %|W.^q
Cr. Notes Receivable RMB 6000000 +~zXDBS9
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: %r{3wH#D@
Dr. Non-operating Expenses RMB 3000000 K,ej%Vtz
Cr. Provisions RMB 3000000 6 ,ANNj
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 L71!J0@a#
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: JAc_kl{4O
Dr. Provisions RMB 3000000 c7uG9
Cr. Cash in Bank RMB 2500000 <!d"E@%v@
Cr. Non-operating Income RMB 500000 v5}X+'
Required: 6]cryf&b
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ;i uQ?MR3
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Njc%_&r
(a)Inventory Turnover Rate in 20×8; ]$-cMX
(b)Gross Profit Ratio in 20×8; :fcM:w&
(c)After Tax Return on Total Assets in 20×8; and t:~t@4j}
(d)Current Ratio as at December 31, 20×8 2.uA|~qH
(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. =HDI \LD<
【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。 F?+3%>/A@
以下是未经审计财务报表的部分信息: >c8GW
>\N
(单位:千元) K]oM8H1
项目 20×8 20×7 ]:]H:U]p
营业收入 64 000 48 000 )>\}~s
营业成本 54 000 42 000 Z$KLl((
净利润 30 -20 U%B(5cC
Z [Xa%~5>5
20×8年12月31日 20×7年12月31日 fN%jJ-[d
存货 16 000 12 000 lU]un&[N
流动资产 60 000 50 000 vE, 37
总资产 100 000 90 000 c~,23wP1
流动负债 20 000 18 000 CBT>"sYE1
总负债 30 000 25 000 nt1CTWKM8^
在审计过程中,约翰发现以下事项: qNgd33u1
(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: O>y'Nqz
借:银行存款5 820 000 "@3@/I
财务费用 180 000
,<,:8B
贷:应收票据6 000 000 v5ur&egVs
(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: w FtN+
借:营业外支出 3 000 000 sd re#@n}
贷:预计负债 3 000 000 *4Fr&^M\
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: L6P1L)
借:预计负债 3 000 000 SS|z*h
Z
贷:银行存款 2 500 000 X&
m'.PA
营业外收入 500 000 @DAF 6ygs
要求: %GEJnJ
(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。 SjEAuRDvUz
(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: ,1{Ep`
(a)20×8年存货周转率 k,Qskd-N]
(b)20×8年销售毛利率 xG&SX#[2
(c)20×8年总资产净利率 O;
Y:uHf
(d)20×8年12月31日的流动比率 dj6*6qX0'^
(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) <-Bx&Q
【答案】 u'A#%}3
(1)应选择营业收入作为计算重要性水平的基础。 pY8q=Kl
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 SF]@|
U_yE&6 T
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 [ee%c Xo
销售毛利率=(64000-54000)/64000×100%=15.63% C_:k8?
总资产净利率=30/[(100000+90000)/2]=0.03% ^cvl:HOog
流动比率=60000/20000=3 &sVvWNO#2
(3) xgsjm))
a.应建议做如下审计调整分录: o/cjXun*
借:应收票据 6 000 000 L *[K>iW
贷:短期借款 5 820 000 =dP{ Gh
财务费用 180 000 2LY=DL7
b.应建议做如下审计调整分录: %!Q`e79g8
借:预计负债 3 000 000 \g)Xt?w0Wo
贷:营业外支出 500 000 $.St ej1
其他应付款 2 500 000 _cDF{E+;