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)。 8'qq!WR~
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: " %
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(Expressed in RMB thousands) R =kXf/y
FINANCLAL STATEMENTS ITEMS \AeM=K6q+D
20×8 ?t)Mt]("
20×7 FQBE1h@k0u
s}q tM.^W
Sales T*z*x=<5
64000 _9yW; i-
48000 E(F?o.b
*b7evU *1
Cost of sales \NTVg6>qN
54000 u-M Td
42000 #(}'G*
o-<XR9,N*
Net profit jr(|-!RVMN
30 v,|jmv+:
-20 =%SH2kb
h0] bIT{
"m>BE
December 31, 20×8 k%R(Qga
December 31, 20×7 ?f= ~Pn+
6zIK%<
Inventory (3WK2IM^
16000 3aw-fuuIb
12000 h t3P@;
`-MCI)Fq_R
Current assets T_[5 ZYy
60000 iD.p KG
50000 [9d\WPLC
=)}Yw)
Total assets `(r0+Qx
100000 %GP`
H/H(
90000 >}B53.;.k
jx'hxC'3
Current liabilities [HhaBy9
20000 Tol V3
18000 FqZD'Uu7
$F1Am%
Total liabilities (coaGQ@d
30000 cv;2zq=T
25000 _hgGF9
.pG`/[*a
0v#p4@Z
During the audit, John has the following findings: `_sKR,LhB
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: *x_e] /}
Dr. Cash in Bank RMB 5820000 #r,!-;^'p
Dr. Financial Expenses RMB 180000 "pO**z$Z
Cr. Notes Receivable RMB 6000000 }zIWagC6
(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: LVy`U07C V
Dr. Non-operating Expenses RMB 3000000 )Fw#]~Z
Cr. Provisions RMB 3000000 +i[@+`
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 G.r=fNP
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: ?w&?P}e +
Dr. Provisions RMB 3000000 >U.7>K
V&
Cr. Cash in Bank RMB 2500000 pd|l&xvka
Cr. Non-operating Income RMB 500000 b\t?5z-Z
Required: J\FLIw4
(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. nbW.x7
(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: 21my9Ui]
(a)Inventory Turnover Rate in 20×8; :Dfl ,=S
(b)Gross Profit Ratio in 20×8; e0]#vqdO
(c)After Tax Return on Total Assets in 20×8; and If8Lt}-
(d)Current Ratio as at December 31, 20×8 T+PERz(
(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. 9I}Uh#]k<
【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。 {L
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以下是未经审计财务报表的部分信息: mz<X$2]?
(单位:千元) oN)I3wO$
项目 20×8 20×7
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营业收入 64 000 48 000 <nK@+4EH"o
营业成本 54 000 42 000 h*Mt{A&'.&
净利润 30 -20 TEbIU8{Y
7q:;3;"9
20×8年12月31日 20×7年12月31日 pU<GI@gU
存货 16 000 12 000 2&=CC4<!d
流动资产 60 000 50 000 q,OCA\
总资产 100 000 90 000 >|0I\{C
流动负债 20 000 18 000 r*ziO#[
总负债 30 000 25 000 t*fH&8(
在审计过程中,约翰发现以下事项: WR u/7$8
(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: ]bbP_n8
借:银行存款5 820 000 8bf@<VTO_
财务费用 180 000 VF +g+~
贷:应收票据6 000 000 qiq=v)
(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: i ~)V>x
借:营业外支出 3 000 000 p} JGx^X~
贷:预计负债 3 000 000 >;#rK@*&
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: UR(i_T&w
借:预计负债 3 000 000 aiZZz1C
贷:银行存款 2 500 000 1r5Z$3t\
营业外收入 500 000 Y/LS(b*
要求: S_^;#=_c
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 6B Hdc
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: cEn|Q
(a)20×8年存货周转率 2@Q5Ta#h
(b)20×8年销售毛利率 *
^XMf
(c)20×8年总资产净利率 t3*.Bm:^
(d)20×8年12月31日的流动比率 FbH@qHSH
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) =$ T[
【答案】 n]nJ$u1u
(1)应选择营业收入作为计算重要性水平的基础。 F&
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 !|
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ~mZ[@Z
销售毛利率=(64000-54000)/64000×100%=15.63% LoSrXK~0~J
总资产净利率=30/[(100000+90000)/2]=0.03% :f7:@8
流动比率=60000/20000=3 sxdDI?W4
(3) |QQ(1#d
a.应建议做如下审计调整分录: V2:S
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借:应收票据 6 000 000 ^f0-w`D
贷:短期借款 5 820 000 iG"1~/U
财务费用 180 000 JdUI:(
b.应建议做如下审计调整分录: QyrB"_dm
借:预计负债 3 000 000 di]CYLf
贷:营业外支出 500 000 l\2"u M#7
其他应付款 2 500 000 dnM.