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)。 x>^r%<WbX
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: > !thxG/_
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS fT-yY`
20×8 5sD\4 g)HK
20×7 c[4H
g_\U-pzr
Sales s5X
.(;+
64000 MX-(;H
48000 mJaWzR
xA DjQ%B
Cost of sales 6e6~82t8/
54000 T.vkGB=QZ%
42000 smLXNO
H1H+TTZr
Net profit UC)-Fd
30 _
13M
-20 HF9d~7R
Z_oBZ
s
]g
jhrD
December 31, 20×8 $0C1';=^}
December 31, 20×7
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=IH z@CU
Inventory rAK}rNxI
16000 >z*2Og#1
12000 _u$X.5Q;
[:geDk9O#'
Current assets Dz4
fP;n
60000 B1]dub9
50000 Re3vW re
Y]ML-smN
Total assets ] 8sVXZ
100000 N`7) 88>w
90000 s)dN.'5/
P%hi*0pwZ
Current liabilities zK`z*\
20000 H@$\
SUc{
18000 KXEDpr
SG1fu<Q6J
Total liabilities w:l/B
'%]Y
30000 u%FG%
j?C
25000 {O-,JCq/
c!Gnd*!?-
&u-H/CU%
During the audit, John has the following findings: }R#YO$J7
(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: q(0V#kKC
Dr. Cash in Bank RMB 5820000 EGYYSoBLU
Dr. Financial Expenses RMB 180000 4-@D` ,3L
Cr. Notes Receivable RMB 6000000 #<
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(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: \hpD
Dr. Non-operating Expenses RMB 3000000 irSdqa/
Cr. Provisions RMB 3000000 >'4Bq*5>
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 .80^c
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: tgn_\ - +
Dr. Provisions RMB 3000000 5I,5da
Cr. Cash in Bank RMB 2500000 $+e
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Cr. Non-operating Income RMB 500000 ?ic 7M
Required: : E`N0UA
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ZOGH.`
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: SV;S`\i
(a)Inventory Turnover Rate in 20×8; #wH<W5gSZ
(b)Gross Profit Ratio in 20×8; ;W6P$@'zs
(c)After Tax Return on Total Assets in 20×8; and qrBo
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(d)Current Ratio as at December 31, 20×8 Sr1xG%;|/
(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. gz6BfHQG
【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。 ZSj^\JU
以下是未经审计财务报表的部分信息: 3-4' x2
(单位:千元) OHixOI$O
项目 20×8 20×7 Y_n^6 ;
营业收入 64 000 48 000 Q70LQCms
营业成本 54 000 42 000 b_xn80O
净利润 30 -20 r'7>J:cy=
Sns`/4S?6Z
20×8年12月31日 20×7年12月31日 h~rSM#7m
存货 16 000 12 000 O-r,&W
流动资产 60 000 50 000 5/<?Y&x
总资产 100 000 90 000 ^<fN
流动负债 20 000 18 000 !\.%^LK1
总负债 30 000 25 000 T0xU}
在审计过程中,约翰发现以下事项: #% PnZ
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(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: 5\Sm^t|Tx
借:银行存款5 820 000 +~lZ]a7k
财务费用 180 000 zmk# gk2H
贷:应收票据6 000 000
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(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: 6XPf0Gl
借:营业外支出 3 000 000 tPh``o
贷:预计负债 3 000 000 U5
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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: $OK}jSH*v)
借:预计负债 3 000 000 ~Aul 7[IH
贷:银行存款 2 500 000 W$=MuF7R
营业外收入 500 000 O(BAw
要求: .[Ezg(U}ze
(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。 ]Z?$ 5Ks
(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: FZTBvdUYp
(a)20×8年存货周转率 1:S75~b-`
(b)20×8年销售毛利率 L1;IXCc=
(c)20×8年总资产净利率 4%do.D*
(d)20×8年12月31日的流动比率 U JO
(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) KTX;x2r
【答案】 |V#h
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(1)应选择营业收入作为计算重要性水平的基础。 bgs2~50
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 4$D:<8B
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 yZJR7+
销售毛利率=(64000-54000)/64000×100%=15.63% O4xV "\
总资产净利率=30/[(100000+90000)/2]=0.03% ,&$w*D%
流动比率=60000/20000=3 .\1{>A
(3) |Rk$u
a.应建议做如下审计调整分录: `[vm{+i
借:应收票据 6 000 000 u`Kjs}F'
贷:短期借款 5 820 000 jFYv4!\ju
财务费用 180 000 o)<c1\q
b.应建议做如下审计调整分录: /(-X[[V
借:预计负债 3 000 000 Wt2+D{@8
贷:营业外支出 500 000 }lzUl mRTe
其他应付款 2 500 000 4#H~g
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