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)。 &I= 27!S
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: !}+rg2
(Expressed in RMB thousands) /a
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FINANCLAL STATEMENTS ITEMS @0v%5@
20×8 mW+QJ` 3
20×7 .#BWu(EYV
Pl9Ky(Q`V
Sales 9hNHcl.
64000 =o<iBbK#|
48000 ue/GB+U
M~o\K'
Cost of sales M@wQ6ow
54000 7y/Pch
42000 -_4ZT^.Lna
xklXV
Net profit
S2!$
30 rB<za I\V
-20 s{30#^1R
qRX:eo
c^%vyBMY
December 31, 20×8 $@R[$/
December 31, 20×7 O=A(x m#
p%?VW
Inventory v[}g+3a
16000 i^O(JC
12000 DXH"`1[-
Y*KHr`\C4
Current assets p1mY@[A
60000 R,
J(]ew
50000 ~"t33U6
s/"l ?d
Total assets jcY:a0 [{D
100000 X
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90000 hj<h]dhp
kv)IG$S0
Current liabilities m:sT)
20000 |V>_l'
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18000 jQ 'r};;
/HiRbwQK#
Total liabilities A=+
|&+? t
30000 8}A+{xVp8
25000 ~Wox"h}(
4?vTuZ/
M
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During the audit, John has the following findings: HpQuro'Qh
(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: KK|AXoBf
Dr. Cash in Bank RMB 5820000 {dk%j~w8
Dr. Financial Expenses RMB 180000 Px$4.b[{_Y
Cr. Notes Receivable RMB 6000000 -9(9LU2
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: qa!3l b_'M
Dr. Non-operating Expenses RMB 3000000 YR\pt8(z?
Cr. Provisions RMB 3000000 P_:~!+W,
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: =;!$Qw4
Dr. Provisions RMB 3000000 LKx<hl$O
Cr. Cash in Bank RMB 2500000 }qk8^W{
Cr. Non-operating Income RMB 500000 [*jvvkAp
Required: (n>gC
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. o;#9$j7QP!
(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: $!Pm*s
(a)Inventory Turnover Rate in 20×8; Te :4z@?
(b)Gross Profit Ratio in 20×8; Z_tK3kQa@&
(c)After Tax Return on Total Assets in 20×8; and -76l*=|
(d)Current Ratio as at December 31, 20×8 q!sazVaDp
(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. (oKrIm
【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。 ;rK=
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以下是未经审计财务报表的部分信息: B,f4<
(单位:千元) <691pkX
项目 20×8 20×7 IL\2?(&Z
营业收入 64 000 48 000 ap7ZT7KW
营业成本 54 000 42 000 ]l~TI8gC
净利润 30 -20 i- v PJg1
H f
g2]N
20×8年12月31日 20×7年12月31日 yGN2/>]
存货 16 000 12 000 M
yv
yp
流动资产 60 000 50 000 Xc!0'P0T
总资产 100 000 90 000 3a_=e
B
流动负债 20 000 18 000 0j--X?-
总负债 30 000 25 000 !i`HjV0wS
在审计过程中,约翰发现以下事项: v_7?Zik8E
(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: `wzb}"gLsM
借:银行存款5 820 000 ("+J*u*kq_
财务费用 180 000 5ml#/kE
贷:应收票据6 000 000 Vh1R!>XY
(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: =gYKAr^p5
借:营业外支出 3 000 000 h:J0d~u
贷:预计负债 3 000 000 WLB@]JvTBY
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: Bj-80d,
借:预计负债 3 000 000 xlW`4\ Pa
贷:银行存款 2 500 000 vfn _Nq;
营业外收入 500 000 zK5/0zMZ
要求: N"+o=nS
(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。 :nYnTo`
(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: R'#1|eWCa
(a)20×8年存货周转率 g<@P_^vo
(b)20×8年销售毛利率 >Fzs%]M
(c)20×8年总资产净利率 PU"C('AP
(d)20×8年12月31日的流动比率 f
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(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) \m\E*c
):
【答案】 Tf|?j=f
(1)应选择营业收入作为计算重要性水平的基础。 YoT<]'
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 [X"F}ph
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 )C@O7m*.4
销售毛利率=(64000-54000)/64000×100%=15.63% - s}
总资产净利率=30/[(100000+90000)/2]=0.03% 8`0/?MZ)
流动比率=60000/20000=3 T=NF5kj-=
(3) vzr?#FG
a.应建议做如下审计调整分录: !P_8D*^9
借:应收票据 6 000 000 e?V7<7$
贷:短期借款 5 820 000 8c6dTT4
财务费用 180 000 i$[wkQ>$
b.应建议做如下审计调整分录: 9ozK}Cg4
借:预计负债 3 000 000 5 }pn5iI
贷:营业外支出 500 000 .
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其他应付款 2 500 000 ^uDNArDmj5