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)。 $$ou qLu
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: VTQ V]>|
(Expressed in RMB thousands) B/.+&AJw
FINANCLAL STATEMENTS ITEMS JpqZVu"7
20×8 |VxEWU/
20×7 GTL gj'B
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Sales IV*@}~BJ
64000 5S`_q&
48000 Uyf<:8U\
JoeU J3N
Cost of sales ([SrIG> X
54000 wZB:7E%
42000 3fPd|F.kF
5SPhdpIg@[
Net profit b5K6F:D22
30 @v{lH&K:;
-20 Y|JC+Ee
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December 31, 20×8 vU,AOK[l{
December 31, 20×7 n${,r
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Inventory bW03m_<M<1
16000 I3sH8/*
12000
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Current assets y.,S}7l:
60000 lO=+V 6
50000 +/
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Total assets .G-F5`2I
100000 GjTj..G/
90000 Z{-x}${
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Current liabilities
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20000 i
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18000 `"~s<+
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Total liabilities *;^!FBT
30000 "s-e)
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25000 dLA'cQId
BC!n;IAe
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During the audit, John has the following findings: %1f, 8BM
(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: u=j|']hp#&
Dr. Cash in Bank RMB 5820000 b-Fv
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Dr. Financial Expenses RMB 180000 +Smt8O<N
Cr. Notes Receivable RMB 6000000 bOIVe
(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: VrG4wLpLs
Dr. Non-operating Expenses RMB 3000000 /JP]5M)
Cr. Provisions RMB 3000000 >)5=6{x
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Eu%19s;u
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: 1|K>V;C
Dr. Provisions RMB 3000000 nq'vq]]
Cr. Cash in Bank RMB 2500000 kk`BwRh)d;
Cr. Non-operating Income RMB 500000 1-z*'Ghys
Required: lo }[o0X
(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. In1VW|4h
(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: !sF! (u7
(a)Inventory Turnover Rate in 20×8; 5Gj?'Wov9
(b)Gross Profit Ratio in 20×8; ]J=S\
(c)After Tax Return on Total Assets in 20×8; and sU7>q}!
(d)Current Ratio as at December 31, 20×8 g 4n&k
(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. c k~gB
【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。 #3uBq(-Z
以下是未经审计财务报表的部分信息: Z=;+)
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(单位:千元) iU)-YFO
项目 20×8 20×7 R'E8>ee;^
营业收入 64 000 48 000 m~K[+P
营业成本 54 000 42 000 kBPFk t2
净利润 30 -20 hl4@Y#n
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20×8年12月31日 20×7年12月31日 ^iaeY
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存货 16 000 12 000 jgiP2k[Xom
流动资产 60 000 50 000 wp/u*g
总资产 100 000 90 000 H>AzxhX[n
流动负债 20 000 18 000 x,9fO
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总负债 30 000 25 000 cQ4TYr;?
在审计过程中,约翰发现以下事项: uj.~/W1,!
(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: =hV-E
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借:银行存款5 820 000 gto@o\&=
财务费用 180 000 >40B
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贷:应收票据6 000 000 qZ!1>`B
(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: //--r5Q
借:营业外支出 3 000 000 rT`D@
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贷:预计负债 3 000 000 Df_W>QC
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: vcB+h;x
借:预计负债 3 000 000 =goZI6 7
贷:银行存款 2 500 000 Rl 4r 9
营业外收入 500 000 ixJUq o
要求: .?SClTqg
(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。 7YRDQjg
(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: @LY 5]og
(a)20×8年存货周转率 (l22p
(b)20×8年销售毛利率 oeXNb4; 4
(c)20×8年总资产净利率 dRZor gar
(d)20×8年12月31日的流动比率 Q, E!Ew3
(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) <!,q:[ee5
【答案】 wAHb5>!
(1)应选择营业收入作为计算重要性水平的基础。 *D1fSu!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Vvx(7p-GQ
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 x7e
销售毛利率=(64000-54000)/64000×100%=15.63% #e%.z+7I
总资产净利率=30/[(100000+90000)/2]=0.03% a@@!Eg
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流动比率=60000/20000=3
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(3)
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a.应建议做如下审计调整分录: C!w@Naj
借:应收票据 6 000 000 bcpH|}[F)
贷:短期借款 5 820 000 tYfhKJzGC
财务费用 180 000 o,) p *glO
b.应建议做如下审计调整分录: Cu({%Gy+
借:预计负债 3 000 000 y_"GMw
贷:营业外支出 500 000 I#l9
其他应付款 2 500 000 kyJv,!};