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)。 p'2ZDd=v
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: %hYol89F
(Expressed in RMB thousands) ^JDiI7
FINANCLAL STATEMENTS ITEMS Ax#$z
20×8 VfJbexYT
20×7 hM!D6: t
a r0y8>]3
Sales T~nm Eap
64000 9d7$Fz#
48000 );LkEXC_'
^-CQ9r*
Cost of sales BF*]l8p
54000 !l7eB@O
42000 WQ\H2go
YN\!I
Net profit NqsIMCl
30 Kvu0Av-7
-20 RH,1U3?
(6C%w)8'
9zj^\-FA_l
December 31, 20×8 *siN#,5
December 31, 20×7 |[k/
%
0Ywqv)gg
Inventory MIcF"fB![
16000 {DPobyvwFk
12000 R@=Bk(h
f
IUz%
YFn
Current assets EwSE;R -
60000 :y)'_p *l/
50000 *o8DfZ
q?x.P2
Total assets p]d3F^*i
100000 SwESDo)
90000 qDq
gU
QdM&M^
Current liabilities \R>!HY
20000 l<7)uO^8
18000 8oI)q4V
MB,;HeP!
Total liabilities `I.Uw$,P
30000
6?U2Et
25000 $]/
a/!d
,B>Rc#
+tz^ &(
During the audit, John has the following findings: pn6 e{
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: Vi~9[&.E\!
Dr. Cash in Bank RMB 5820000 a7#J af
Dr. Financial Expenses RMB 180000 `[JX}<~i
Cr. Notes Receivable RMB 6000000 66"-Xf~u
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ;J3az`
Dr. Non-operating Expenses RMB 3000000 1uTbN
Cr. Provisions RMB 3000000 sa%2,e'
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 C LhD[/Fo
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: b??k|q
Dr. Provisions RMB 3000000 'l$<DcBj
Cr. Cash in Bank RMB 2500000 lZTD>$
Cr. Non-operating Income RMB 500000 Z:|2PQ4
Required: V~y4mpfX
(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. =N-,.{`
(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: ,Yg<Z1
(a)Inventory Turnover Rate in 20×8; cGw* edgp6
(b)Gross Profit Ratio in 20×8; Aj06"ep
(c)After Tax Return on Total Assets in 20×8; and *N"bn'>3
(d)Current Ratio as at December 31, 20×8 0:^L>MO
(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. c43"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。 pPcn
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以下是未经审计财务报表的部分信息: ms'!E)
(单位:千元) ]9?_m@Ihx
项目 20×8 20×7 jV^Dj
营业收入 64 000 48 000 ".z~c%'
营业成本 54 000 42 000 6g@@V=mf
净利润 30 -20 >= Hcw
CtwMMZXX3
20×8年12月31日 20×7年12月31日 ET4 C/nb
存货 16 000 12 000 wVD-}n1"
流动资产 60 000 50 000 NQ$tQ#chd
总资产 100 000 90 000 8phcekh+
流动负债 20 000 18 000 FAAqdK0
总负债 30 000 25 000 t@-:e^ v
在审计过程中,约翰发现以下事项: @>'.F<:P<
(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: KOWx P47b
借:银行存款5 820 000 RaFk/mSw
财务费用 180 000 MjMPbGU
X{
贷:应收票据6 000 000 6=]%Y
(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: (S+tQ2bt
借:营业外支出 3 000 000 .IYE+XzV
贷:预计负债 3 000 000 e.eQZ5n~q`
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: 94L
P )n
借:预计负债 3 000 000 ]@bo; .
贷:银行存款 2 500 000 9viQ<}K<
营业外收入 500 000 #;'1a
T
要求: Zg%SE'kK
(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。 ='=\!md
(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: kWL\JDZ`.
(a)20×8年存货周转率 w/s{{X<bF
(b)20×8年销售毛利率 z;UkK
(c)20×8年总资产净利率 !8]W"@qb
(d)20×8年12月31日的流动比率 hqVx%4s*J
(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) HUurDgRi]
【答案】 DUiqt09`~
(1)应选择营业收入作为计算重要性水平的基础。 `zAo IQ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 krm&
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 v`B7[B4K3
销售毛利率=(64000-54000)/64000×100%=15.63% +O:Qw[BL/Z
总资产净利率=30/[(100000+90000)/2]=0.03% pDD0 QO
流动比率=60000/20000=3 :NHh`@0F
(3) &;7\/m*W1
a.应建议做如下审计调整分录: z%t>z9hU
借:应收票据 6 000 000 pLL
^R
贷:短期借款 5 820 000 Kd
CPt!
财务费用 180 000 X\\WQxj
b.应建议做如下审计调整分录: e-f_#!bW
借:预计负债 3 000 000 M")v ph^
贷:营业外支出 500 000 BuI&kU,WY
其他应付款 2 500 000 &O(z|-&| x