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)。 \LN!k-c
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: zs=[C+Z\
(Expressed in RMB thousands) UrMEL;@g
FINANCLAL STATEMENTS ITEMS nzcXL
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20×8 jTeHI|b
20×7 O`M6=\
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Sales Y8 % bk2
64000 ;2k!KW@
48000 :637MD>5lO
w
\ U?64
Cost of sales n|p(Cb#G
54000 ~K7$ZM
42000
NFsCq_f
y#B4m`9
Net profit 3J3Yt`
30 hw @)W
-20 uht>@ WSg|
QC,LHt?6
GJ9'i-\*\
December 31, 20×8 -eQ>3x&3r
December 31, 20×7 0xEr`]]U
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Inventory d,5,OJY2f
16000 ^b;3Jj
12000 2FE13{+f
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Current assets WA?We7m$
60000 _{
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50000 =$wQA
Ib&]1ger#=
Total assets w$evAPuz^
100000 kgv29j?k;
90000 x@p1(V.
A!:R1tTR;S
Current liabilities j=up7395
20000 !q8"Q t
18000 )Y](Mj!D
{Qf/.[
Total liabilities 2{6%+>jB
30000 yt4s
g/]:
25000 nK8IW3fX9)
hN U.y
=
mp"=%
During the audit, John has the following findings: ~p!=w#/
(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: 4}r.g0L
Dr. Cash in Bank RMB 5820000 g9.y`o}c
Dr. Financial Expenses RMB 180000 INRP@Cp1
Cr. Notes Receivable RMB 6000000 :#zVF[Y(2
(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: ]}Jb'(gMO4
Dr. Non-operating Expenses RMB 3000000 \gW6E^
Cr. Provisions RMB 3000000 tJa
*(%Z?f
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ml1My1
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: 3P|z`}Ka
Dr. Provisions RMB 3000000 (^~0%1
Cr. Cash in Bank RMB 2500000 Njmb{L]Cps
Cr. Non-operating Income RMB 500000 bCg)PJuB
Required: ZWb\^N
(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 @URs;O=
(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: f5`q9w_c
(a)Inventory Turnover Rate in 20×8; 1]wo
(b)Gross Profit Ratio in 20×8; i4dy0jfN
(c)After Tax Return on Total Assets in 20×8; and hcT5> w[
(d)Current Ratio as at December 31, 20×8 r]B`\XWz
(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. = tY%k!R
【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。 Fp(-&,L0fc
以下是未经审计财务报表的部分信息: <Em|0hth
(单位:千元) ]^6r7nfR6|
项目 20×8 20×7
'h#>@v> }
营业收入 64 000 48 000 A5IW[Gu!
营业成本 54 000 42 000 l,k.Jo5
净利润 30 -20 O|mWQp^?q
W5(.Hub}
20×8年12月31日 20×7年12月31日 l H{~?x
存货 16 000 12 000 7Ml OBPh
流动资产 60 000 50 000 }Ryrd!3bY
总资产 100 000 90 000 YfUo=ku
流动负债 20 000 18 000 y(yBRR
总负债 30 000 25 000 _
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在审计过程中,约翰发现以下事项: "3$P<Q\;l;
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: i{7Vh0n3S-
借:银行存款5 820 000 CTf39R|7_
财务费用 180 000 `G<|5pe
贷:应收票据6 000 000 m+EtB6r
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Z^t{m!v
借:营业外支出 3 000 000 av>Ff6w)Y
贷:预计负债 3 000 000
:+v4,=fHy
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: V`_)H
借:预计负债 3 000 000 vxk~(3]<)
贷:银行存款 2 500 000 eEX* \1Gg
营业外收入 500 000 >/9Qgyc0
要求: mc|8t0
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 {q/D,Rh8
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: V?r(; x
(a)20×8年存货周转率 T1A/>\Ns
(b)20×8年销售毛利率 bmw"-W^U[
(c)20×8年总资产净利率 %TDY &@i=
(d)20×8年12月31日的流动比率 uX8G<7O^
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) n
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【答案】 ,F?O} ijk
(1)应选择营业收入作为计算重要性水平的基础。
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 5iZ;7
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ,L;%-}#$
销售毛利率=(64000-54000)/64000×100%=15.63% [W8?ww%qT
总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 7,2#0Z`ge
(3) v4W<_
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a.应建议做如下审计调整分录: #OsUF,NU
借:应收票据 6 000 000 Ze3sc$fG2
贷:短期借款 5 820 000 b/&{:g!B
财务费用 180 000 #F:\_!2c
b.应建议做如下审计调整分录: s>a(#6Q
借:预计负债 3 000 000 ,Ad{
k
贷:营业外支出 500 000 Ht7v+lY90^
其他应付款 2 500 000
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