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)。 [~&XL0
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: r7Ya\0gU
(Expressed in RMB thousands) Q:$Zy
FINANCLAL STATEMENTS ITEMS 0q&'(-{s1
20×8 JsotOic%
20×7
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Sales !
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64000 \lSU
48000 yS=oUE$
d[;.r
Cost of sales 7==f\%,
54000 mA{~PpSb
42000 ;>mCalwj
pFJB'=c
Net profit n#iwb0-
30 Bphof0{<}
-20 ]%!u7z|\6
M'!U<Y
-
CA +uKM^"6
December 31, 20×8 Q~Z=(rP20
December 31, 20×7 :\=CRaA
2./3 \n2
Inventory pa{re,O"e
16000 /6_|]ijc
12000 YTw#JOO
SI8%M=P>
Current assets Yf[Qtmh]I
60000 kkK
kf
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50000 (
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Total assets yZ!T8"mz{
100000 V=1Bo~
90000 =r@vc
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Current liabilities ;vb8G$
20000 [g2;N,V#
18000 ^OErq&`u
~i.k$XGA
Total liabilities 5#QXR+
T
30000 u_).f<mUdF
25000 <`0h|m'U
_wdG|{px
XQ*eP?OS{
During the audit, John has the following findings: #A8@CA^d
(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: ti &J
Dr. Cash in Bank RMB 5820000 p7H3J?`w1+
Dr. Financial Expenses RMB 180000 ?^j^K-rx
Cr. Notes Receivable RMB 6000000 sp*
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(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: xB !6_VlB
Dr. Non-operating Expenses RMB 3000000 t5lO'Ll*Q]
Cr. Provisions RMB 3000000 S'HnBn
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 P<fnLQ9
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: 'u` .P:
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Dr. Provisions RMB 3000000 w4LScvBg
Cr. Cash in Bank RMB 2500000 f}D1|\7
Cr. Non-operating Income RMB 500000 Vn~UB#]'3
Required: !'Q -yoHKD
(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. 4Yl;
(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: cr;g5C
V
(a)Inventory Turnover Rate in 20×8; Sc7U|s
(b)Gross Profit Ratio in 20×8; #);[mW{F
(c)After Tax Return on Total Assets in 20×8; and Dk5Zh+^
(d)Current Ratio as at December 31, 20×8 LbtX0^
(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. |]Qg7m,O
【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。 +,2Jzl'-
以下是未经审计财务报表的部分信息: ,<:!NF9
(单位:千元) |T{C,"9y
项目 20×8 20×7 @X3{
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营业收入 64 000 48 000 Nl')l"
营业成本 54 000 42 000 s#uJ
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净利润 30 -20 _{|D
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20×8年12月31日 20×7年12月31日 B:Z_9,gj-N
存货 16 000 12 000
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流动资产 60 000 50 000 I
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总资产 100 000 90 000 s{w[b\rA
流动负债 20 000 18 000 `EtS!zD~b
总负债 30 000 25 000 M4WiT<|]R
在审计过程中,约翰发现以下事项: 7$r
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(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: }
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借:银行存款5 820 000 `
\A(9u*
财务费用 180 000 S"wg2X<
贷:应收票据6 000 000 fo4.JyBk
(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: |+$%
kJR=
借:营业外支出 3 000 000 S1U@UC
贷:预计负债 3 000 000 s[gKc '
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: oBUxKisW
借:预计负债 3 000 000 ,TRTRb;
贷:银行存款 2 500 000 5E0eyW
营业外收入 500 000 <9sO
要求: r",]Voibd
(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。 6DZ),F,M
(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: ;}z\i
(a)20×8年存货周转率 -LM;}<
(b)20×8年销售毛利率 L}m8AAkP[
(c)20×8年总资产净利率 `HuCT6O
(d)20×8年12月31日的流动比率 bZx!0>
h
(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) ?GTU=gpQ
【答案】 KFZm`,+69
(1)应选择营业收入作为计算重要性水平的基础。 BA=,7 y&;j
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 YJ:3!B>Zo
H\1qI7N C
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Ez{MU@Fk
销售毛利率=(64000-54000)/64000×100%=15.63% *UW=Mdt
总资产净利率=30/[(100000+90000)/2]=0.03% ~r{5`;c
流动比率=60000/20000=3 ?`[NFqv_]
(3) [Ei1~n)o
a.应建议做如下审计调整分录: 1&:@
借:应收票据 6 000 000 bJ_cId8+
贷:短期借款 5 820 000 OTZ_c1"K
财务费用 180 000
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b.应建议做如下审计调整分录: U4G}DCU
借:预计负债 3 000 000 3DaQo
0N
贷:营业外支出 500 000 i*eAdIi
其他应付款 2 500 000 RwVaZJe)l