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)。 S2jn pf}
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: %p:Z(zU
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS dv Vz#
20×8 L1#_
20×7 1
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Sales K&VMhMVb
64000 ^[&,MQU{7
48000 Pcjrv:0$
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Cost of sales |~o0-: 'C
54000 &+0?Xip{Z
42000 E!RlH3})
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Net profit a/</P
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30 V.%LA.8
-20 T/FZn{I
E
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December 31, 20×8 @\r
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December 31, 20×7 :='I>Gn
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Inventory )5NWUuH 5
16000 G8zbb
12000 ~s
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Current assets LzxO=+=9!q
60000 \ Q^grX
50000 GYg
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Total assets 5 B t~tt
100000 &>!-67
90000 -
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Current liabilities _e/Bg~
20000 ol K+|nR
18000 _K&Hiz/'
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Total liabilities mo+!79&
30000 B<ncOe
25000 PCHKH
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During the audit, John has the following findings:
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(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:
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Dr. Cash in Bank RMB 5820000 O c.fvP^ZD
Dr. Financial Expenses RMB 180000 Z- t&AH
Cr. Notes Receivable RMB 6000000 } '?qUy3x
(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: dVk(R9 8
Dr. Non-operating Expenses RMB 3000000 W/3sJc9
Cr. Provisions RMB 3000000 %NfXe[T
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 5dhy80|g]
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: NMQG[py!f
Dr. Provisions RMB 3000000 UCXRF
Cr. Cash in Bank RMB 2500000 ;l1.jQh
Cr. Non-operating Income RMB 500000 >28l9U
Required: Z\]{{;%4b7
(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. ^BM !TQ%!
(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: ' <xE0<
(a)Inventory Turnover Rate in 20×8; ?68~ g<d,
(b)Gross Profit Ratio in 20×8; 0b/@QgJ
(c)After Tax Return on Total Assets in 20×8; and \#xq$ygg
(d)Current Ratio as at December 31, 20×8 `GkCOx,
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. ^_i)XdPU
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 yj@k0TWT$
以下是未经审计财务报表的部分信息: 73]8NVm
(单位:千元) xticC>
项目 20×8 20×7 e&2,cQRFV
营业收入 64 000 48 000 Bz <I7h
营业成本 54 000 42 000 VdGVEDwz
净利润 30 -20 IuT)?S7O*k
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20×8年12月31日 20×7年12月31日 j "'a5;Sy
存货 16 000 12 000 w@&z0ODJ
流动资产 60 000 50 000 x=IZ0@p
总资产 100 000 90 000 &F/-%l!
流动负债 20 000 18 000 <i4]qO(0u
总负债 30 000 25 000 )bR0>3/
在审计过程中,约翰发现以下事项: [*Ai@:F
(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: z HvE_-
借:银行存款5 820 000 y631;dU
财务费用 180 000 <ch}]-_
贷:应收票据6 000 000 ;[UI]?A%
(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: j}tM0Ug.U
借:营业外支出 3 000 000 IG# wY
贷:预计负债 3 000 000 $,J}w%A
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: m [^)Q9o}
借:预计负债 3 000 000 4].o:d;`/
贷:银行存款 2 500 000 vBO Y[
>=
营业外收入 500 000 oe.Jm#?2.
要求: e@
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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。 tk R~(h
(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: sT"ICoo
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(a)20×8年存货周转率 2J{vfF
(b)20×8年销售毛利率 K!Fem6R
(c)20×8年总资产净利率 X'<RqvDc5
(d)20×8年12月31日的流动比率 $~G5s<r
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响)
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【答案】 jrFPd
(1)应选择营业收入作为计算重要性水平的基础。 k(pJVez
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 E0Q6Ryn
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Im\ ~x~{
销售毛利率=(64000-54000)/64000×100%=15.63% dQ7iieT
总资产净利率=30/[(100000+90000)/2]=0.03% 0 K#|11r
流动比率=60000/20000=3 }~|`h1JF
(3) g-
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a.应建议做如下审计调整分录: G![d_F"e
借:应收票据 6 000 000 Pg8boN]}
贷:短期借款 5 820 000 S9P({iZK
财务费用 180 000 K=
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b.应建议做如下审计调整分录: -&`_bf%M
借:预计负债 3 000 000 ?g{[U0)
贷:营业外支出 500 000 yna!L@ *@,
其他应付款 2 500 000 {q`8+$Z;