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)。 %41m~Wh2
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: ?qmRbDI
(Expressed in RMB thousands) ;0Q4<F
FINANCLAL STATEMENTS ITEMS E~DQ-z
20×8
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20×7 *^\Ef4Lh
+! ]zA4x
Sales x,'(5*
64000 >
$O]Eu!
48000 OTvPU kp*
)cX*I gO
Cost of sales h&M
{]E9=
54000 uF X#`^r`
42000 XD!W: uvb
Ryl:a\
Net profit )\1@V+!E%
30 TtK[nP
-20 ])[[ V!1
WO7z
rF3wx.
December 31, 20×8 /,BD#|
December 31, 20×7 OyU5DoDz1
B |5]Jm]
Inventory 6,^>mNm
16000 +=>,Pto<
12000 7z%L*z8V
ADz ^\
Current assets X@ --m6-
60000 f- K+]aZ)
50000 ]l;o}+`G
zKyyU}LHH
Total assets
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100000 MOQ6:
90000 N,<uf@LQ
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Current liabilities /?wtF4
20000 1Rt33\1J0
18000 48J@CvU
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Total liabilities Hf%@3X
30000 HNb/-e ,"
25000 JOj;^h
^dI424
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During the audit, John has the following findings: `A,-@`p
(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: %gInje
Dr. Cash in Bank RMB 5820000 %{7|1>8
Dr. Financial Expenses RMB 180000 }V'}E\\
Cr. Notes Receivable RMB 6000000 ]dF
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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: cA&9e<
Dr. Non-operating Expenses RMB 3000000 \/93Dz
Cr. Provisions RMB 3000000 @Y?#Sl*
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }cM}Oavh
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: 2ElJbN#
Dr. Provisions RMB 3000000 _1!7V3|^
Cr. Cash in Bank RMB 2500000 ,D5cjaX<
Cr. Non-operating Income RMB 500000 `b?R#:G
Required: [ieI;OG;
(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. 4%{,]
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(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: I^* Nqqq
(a)Inventory Turnover Rate in 20×8; %9
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(b)Gross Profit Ratio in 20×8; 3_C|z,\:
(c)After Tax Return on Total Assets in 20×8; and &]Q@7Nl7:l
(d)Current Ratio as at December 31, 20×8 ['b}QW@Fx
(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. {Je[ZQ$
【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。 >R|/M`<ph
以下是未经审计财务报表的部分信息: B=U 3
(单位:千元) C2.HMgL
项目 20×8 20×7 :Oy%a'w
营业收入 64 000 48 000 &C:IX\
营业成本 54 000 42 000 <3L5"77G6
净利润 30 -20
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20×8年12月31日 20×7年12月31日 ,1hxw<sNR
存货 16 000 12 000 !d'GE`w T
流动资产 60 000 50 000 Plc-4y1
总资产 100 000 90 000 dLH(D: `
流动负债 20 000 18 000 sZ'nYo
总负债 30 000 25 000 <:_wbVn-
在审计过程中,约翰发现以下事项: cv8L-Z>x.=
(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: C=-=_>Q,L<
借:银行存款5 820 000 SP@ >vl+;
财务费用 180 000 GL&y@6
贷:应收票据6 000 000 $5>e
(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: n*o-Lo+Fe.
借:营业外支出 3 000 000 zh%#Y_[R
贷:预计负债 3 000 000 P=qa::A
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: SfA\}@3
借:预计负债 3 000 000 97Lte5c6r
贷:银行存款 2 500 000 5sdn[Tt##
营业外收入 500 000 eFipIn)b
要求: y@1+I~@
(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。 !H#bJTXB
(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: yZAS# ko}}
(a)20×8年存货周转率
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(b)20×8年销售毛利率 GXcJ< v
(c)20×8年总资产净利率 '-QwssE
(d)20×8年12月31日的流动比率 m)8BgCy
(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) \Bz_p'[G
【答案】 rW<KKGsRWQ
(1)应选择营业收入作为计算重要性水平的基础。 Jlri*q"hE
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;m0
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 .>q8W
销售毛利率=(64000-54000)/64000×100%=15.63% i=ea
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总资产净利率=30/[(100000+90000)/2]=0.03% VdPtPq1
流动比率=60000/20000=3 (cN}Epi(D
(3) rk7QZVE
a.应建议做如下审计调整分录: L+CyQq
借:应收票据 6 000 000 |b-]n"}c>
贷:短期借款 5 820 000 nWMmna.5
财务费用 180 000 9nH?l{As
b.应建议做如下审计调整分录: 6IWxPt~
借:预计负债 3 000 000 P&b19 K'
贷:营业外支出 500 000 "
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其他应付款 2 500 000 {W]=~*w