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)。 UrgvG, Lt
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: Tf+B<B:
(Expressed in RMB thousands) yjr!8L:m
FINANCLAL STATEMENTS ITEMS U*zjEY:A
20×8 V&gUxS]*
20×7 Fw=-gb_.
:R_(+EK1
Sales HYtkSsXLN
64000 4bmpMF-
48000 >kd2GZe^_J
6$IAm#
Cost of sales mI l_
[
54000 Yx,
42000 e-Eoe_k
o zv><e#
Net profit b-wFnMXk+
30 {&3n{XrF(
-20 w+Ag!O}.L
2/I^ :*e
(
CEJg|,
December 31, 20×8 B4I|"5G2y
December 31, 20×7 {>Zc#U'
}F-W OQ
Inventory ($]y*|Obn
16000 Y6V56pOS
12000 G<$UcXg
op[5]tjL
Current assets ZNzye1JSm
60000 \4mw
>8wA
50000 9Y~A2C
iN_G|w[d
Total assets c8#A^q}
100000 .0nL;o
90000 $/6.4"j
faT
hXq8B
Current liabilities Qb6s]QZEV
20000 C";F's)
18000 MAhcwmZNy
Wl}d6ZTm
Total liabilities @2]_jW
30000 wR1M_&-s
25000 m>~%.
(/x
(`xhh
1)vdM(y3j
During the audit, John has the following findings: R9~%ORI#;
(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: GKSfr8US4
Dr. Cash in Bank RMB 5820000 EG2NE,,r
Dr. Financial Expenses RMB 180000 YcT!`B
Cr. Notes Receivable RMB 6000000 rE EWCt
(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: eXUXoK=T
Dr. Non-operating Expenses RMB 3000000 2vT>hC?oHz
Cr. Provisions RMB 3000000 0[jy
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 3S ,D~L^
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: ggfL
d r
Dr. Provisions RMB 3000000 B<x)^[ <v
Cr. Cash in Bank RMB 2500000 sd
xl@
Cr. Non-operating Income RMB 500000 Y;4nIWe
JL
Required: fHdPav f,S
(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. noV]+1#"V
(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: zaf%%
(a)Inventory Turnover Rate in 20×8; Q&rpW:^v
(b)Gross Profit Ratio in 20×8; ng^`s}?o
(c)After Tax Return on Total Assets in 20×8; and F`r=M%yh
(d)Current Ratio as at December 31, 20×8 Oe5=2~4O
(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. H"6Sj-<=
【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。
XTyJ*`>
以下是未经审计财务报表的部分信息: 1^TOTY
(单位:千元) e}D#vPaSY
项目 20×8 20×7 @;!s"!~sv
营业收入 64 000 48 000 *^ g7kCe(
营业成本 54 000 42 000
;"Q{dOvp
净利润 30 -20 VD#`1g<
HI*xk
20×8年12月31日 20×7年12月31日 ^W{+?q'
存货 16 000 12 000 y4^6I$M7V
流动资产 60 000 50 000 I6ffp!^}Y
总资产 100 000 90 000 :D`ghXj
流动负债 20 000 18 000 "z8L}IC!e5
总负债 30 000 25 000 O|}97a^
在审计过程中,约翰发现以下事项: 3~iIo&NZ
(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: 8HS1^\~(6l
借:银行存款5 820 000 !7]4sXL{
财务费用 180 000 -L}crQl.'c
贷:应收票据6 000 000 h/W@R_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: 9l5l"Wj&
借:营业外支出 3 000 000 p(f
YpD
贷:预计负债 3 000 000 2&S*> (
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: LS}dt?78`V
借:预计负债 3 000 000 6lpf
k&
贷:银行存款 2 500 000 <E[X-S%&
营业外收入 500 000 UJ3l8
%/`k
要求: `}Ssc-A
(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。
I4.^I/c(
(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: A
M8bem~
(a)20×8年存货周转率 rZm|7A)i
(b)20×8年销售毛利率 c;C:$B7
(c)20×8年总资产净利率 sS7r)HV&GI
(d)20×8年12月31日的流动比率 apPn>\O
(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) C(qqGK{
【答案】 Rs_bM@
(1)应选择营业收入作为计算重要性水平的基础。 ()i8 Qepo}
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 OsAH!e
R]L|&{
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 7vax[,aI
销售毛利率=(64000-54000)/64000×100%=15.63% Ju4={^#
总资产净利率=30/[(100000+90000)/2]=0.03% L?T%;VdG'>
流动比率=60000/20000=3 B/hL
(3) ^kA^>vi
a.应建议做如下审计调整分录: u^&2T(xGi
借:应收票据 6 000 000 {PZNJ 2~
贷:短期借款 5 820 000 zBg>I=hiG
财务费用 180 000
8T6.Zhv
b.应建议做如下审计调整分录: ,g\%P5
借:预计负债 3 000 000 |7KW'=O
贷:营业外支出 500 000 Rl@k~;VV
其他应付款 2 500 000 `&xo;Vnc