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)。 )N- '~<N
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:
D
ON.)F
(Expressed in RMB thousands) :X}SuM?c
FINANCLAL STATEMENTS ITEMS G.L}VpopM
20×8 Z_bVCe{
20×7 AC
<2.i_
QpQ 2hNf
Sales p({@t
=L3g
64000 Ek `bPQ5
48000 _PPC?k{z!
WynTU?
Cost of sales 1o\2\B=k{
54000 Xux[
42000 ]s5e[
iS
$#n9C79Z@
Net profit 4t =Kt
30 m_Ed[h/I
-20 iT{4-j7|P4
J/Y9 X,
T5}3Y3G,6
December 31, 20×8 N
}VoO0 I
December 31, 20×7 FEu}zt@
tx[;& ;
Inventory ?,riwDI 2
16000 *LBF+L^C%
12000 '+$r7?dKP
wxK71OH
Current assets d!T,fz/-.
60000 =/a`X[9vI
50000 ] H;E(1iU
[g@qZ5I.
Total assets ZMMx)}hS
100000 ~.^:?yCA
90000 'q;MhnU+
Z;~%!
Current liabilities P]^8Enp
20000 N)H+Ng[
18000 ]!S#[Wt {k
C[znUI
>
Total liabilities WLU_t65
30000 ~2hzyEh
25000 @ ^F{
1r.2bL*~jw
9(HGe+R4o
During the audit, John has the following findings: K'8?%&IQ
(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: "&D0Sd@[?
Dr. Cash in Bank RMB 5820000 Gl{'a1
Dr. Financial Expenses RMB 180000 tq}sedYhee
Cr. Notes Receivable RMB 6000000 w-)JCdS6Tb
(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: lgVT~v{U`n
Dr. Non-operating Expenses RMB 3000000 g$ )0E<
Cr. Provisions RMB 3000000 &,p6lbP
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 -ys/I,}<
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: .
&}x[~g
Dr. Provisions RMB 3000000 2<0".5+I
Cr. Cash in Bank RMB 2500000 P;y!Y/$ C
Cr. Non-operating Income RMB 500000 $Nvox<d0
Required: 2.);OFk+
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. `r=^{Y
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: A6_ER&9$>N
(a)Inventory Turnover Rate in 20×8; "S{GjOlEDF
(b)Gross Profit Ratio in 20×8; &=%M("IlD
(c)After Tax Return on Total Assets in 20×8; and py~[M'p(H
(d)Current Ratio as at December 31, 20×8 1n2Pr'|s
(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. _z]v;Q
【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。 !7]^QdBLY
以下是未经审计财务报表的部分信息: $M-"az]
(单位:千元) ||cI~qg
项目 20×8 20×7 V0,5c`H c
营业收入 64 000 48 000 Tp~Qg{%Og
营业成本 54 000 42 000 H
9/m6F
净利润 30 -20 z/5TYv)S
i/8OC
20×8年12月31日 20×7年12月31日 kW%wt1",
存货 16 000 12 000 9@M;\ @&g
流动资产 60 000 50 000 mDwuJf8}
总资产 100 000 90 000 :&$v.#
流动负债 20 000 18 000 hP[/xe
总负债 30 000 25 000 56C'<#
在审计过程中,约翰发现以下事项: s&WE'
(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: k?3mFWc
借:银行存款5 820 000 rwwyYIlEg
财务费用 180 000 .gRb'
贷:应收票据6 000 000 kJ.7C
(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: o4rf[.z
借:营业外支出 3 000 000 rWM5
&M
贷:预计负债 3 000 000 }{J>kgr6
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: %dmQmO,
借:预计负债 3 000 000 Zn|lL0b{q
贷:银行存款 2 500 000 .Q</0*sp
营业外收入 500 000 d"ZsOq10D
要求: _iqaKYT$
(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。 N1:)Z`r
(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$P Oc<
(a)20×8年存货周转率 DvI^3 iG8
(b)20×8年销售毛利率 M>BVnB_,-
(c)20×8年总资产净利率 NSx-~)
(d)20×8年12月31日的流动比率 - sq=|
(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) @O6
2}F
【答案】 ~:0U.v_V
(1)应选择营业收入作为计算重要性水平的基础。 rP(;^8l"
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 aJs! bx>K
*m&'6qsS
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 c;
1f$$>b
销售毛利率=(64000-54000)/64000×100%=15.63% @Ko}Td&E(
总资产净利率=30/[(100000+90000)/2]=0.03% [4])\q^q
流动比率=60000/20000=3 \H PB{
;
(3) (c3O> *M
a.应建议做如下审计调整分录: (G>g0(;D-
借:应收票据 6 000 000 o|s|Wmx>u
贷:短期借款 5 820 000 x f:|lQf
财务费用 180 000 nob}}w]~C
b.应建议做如下审计调整分录: T!&VT;
借:预计负债 3 000 000 [].euDrX
贷:营业外支出 500 000 1B{u4w7S4e
其他应付款 2 500 000 3P'Wk|j