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)。 w7[0
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: fY2l.H\f
(Expressed in RMB thousands) Is~yVB02
FINANCLAL STATEMENTS ITEMS fjG /dhr
20×8 lHRK'?Q
20×7 _2x uzmz0
<C2c"=b
Sales T&e%/
64000 |Yg}WHm
48000 |c
BHBd
O/'f$ Zj36
Cost of sales $Jt8d|UP
54000 @#J H=-06
42000 ]*;RHy9
`_6@3-%
Net profit ]oo|o1H87
30 VdYOm
-20 9 ?[4i
'
$::51#^Wg
HM;4=%
December 31, 20×8 il<gjlyR]L
December 31, 20×7 d
u_O} x
(u$!\fE-et
Inventory I-j(e)P(o_
16000 1j8 /4:
12000 vsxvHo
t=
E%KC'TN^D
Current assets ei(|5h
60000 PP~CZ2Fze
50000
U5T^S
qsQ]M^@>
Total assets (gv=P>:
100000 B/[hi%~
90000 =2Pz$q*ub
75' Ua$
Current liabilities BNF++<s
20000 ~r7DEy|+
18000 3ytx"=B%
4"`=hu Q
Total liabilities ]M02>=1
30000 dpl"}+
25000 "@F*$JGT y
k|)^!BdO
g#pIMA#/
During the audit, John has the following findings: >:(6{}b
(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: LD7? .
Dr. Cash in Bank RMB 5820000 `K@5_db\
Dr. Financial Expenses RMB 180000 pRb+'v&_k
Cr. Notes Receivable RMB 6000000 ;5zjd,
(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: j=zU7wz)D
Dr. Non-operating Expenses RMB 3000000 PkZf(=-X
Cr. Provisions RMB 3000000 h Js&rpN
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ([z<TS#Md
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: Lcm
~QF7cd
Dr. Provisions RMB 3000000 x|P<F 2L
Cr. Cash in Bank RMB 2500000 !c3Qcva
Cr. Non-operating Income RMB 500000 LL6ON
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Required: bs4fy
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(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. 5+#?7J1
(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: 1`7]C+Pv
(a)Inventory Turnover Rate in 20×8; W_Ws3L1;N
(b)Gross Profit Ratio in 20×8; x(T!I&i={
(c)After Tax Return on Total Assets in 20×8; and I3F6-gH
(d)Current Ratio as at December 31, 20×8 :d:|7hlNQ
(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. AOq9v~)z-
【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。 o
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以下是未经审计财务报表的部分信息: I{Y
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(单位:千元) 0|qx/xo|-
项目 20×8 20×7 w7.?zb !N
营业收入 64 000 48 000 JCQx8;V%I
营业成本 54 000 42 000 C_g"omw40
净利润 30 -20 +)''l
'IqK M
20×8年12月31日 20×7年12月31日 9, sCJ5bb"
存货 16 000 12 000 x1BDvTqW
流动资产 60 000 50 000 ;Fwm1ezx0
总资产 100 000 90 000 v\r7.l:hf
流动负债 20 000 18 000 %^)Ja EUC
总负债 30 000 25 000 @pEO@bbg>
在审计过程中,约翰发现以下事项: D+@/x{wX2
(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: A(_^_p.|
借:银行存款5 820 000 VAG+y/q
财务费用 180 000 hIg,
0B
贷:应收票据6 000 000 AU${0#WV_
(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:
!EyGJa[i
借:营业外支出 3 000 000 d"e%tsj
贷:预计负债 3 000 000 $=S'#^Z
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 1zEZ\G
借:预计负债 3 000 000 u"
NIG
贷:银行存款 2 500 000 Z1MJ!{@6
营业外收入 500 000 V+@%(x@D_
要求: k(vEp]
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 p.W*j^';Q
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Z ^9{Qq
(a)20×8年存货周转率 odn97,A
(b)20×8年销售毛利率 7.Kjg_N#Tr
(c)20×8年总资产净利率 U{:(j5m
(d)20×8年12月31日的流动比率 J=Y( *D7Q
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) fuIv,lDA
【答案】 +H m+#o
(1)应选择营业收入作为计算重要性水平的基础。 X6"^:)&1M
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Y|qixpP
E?c{02fu
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 &j~|3
销售毛利率=(64000-54000)/64000×100%=15.63% "3>*i!i
总资产净利率=30/[(100000+90000)/2]=0.03% B$[%pm`'2
流动比率=60000/20000=3 po](6V
(3) uJ!s%s2g
a.应建议做如下审计调整分录: &s}@7htE
借:应收票据 6 000 000 "}~i7NBB
贷:短期借款 5 820 000 (gJ
)]/n
财务费用 180 000 GVHfN5bTqn
b.应建议做如下审计调整分录: +h vIJv ?
借:预计负债 3 000 000 BC0c c[x
贷:营业外支出 500 000 F~rYjAFTi
其他应付款 2 500 000 Gk]qE]hi