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)。 M(]|}%
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: @Q1F#IU
(Expressed in RMB thousands) fjZveH0
FINANCLAL STATEMENTS ITEMS "ZPbK$+=yU
20×8 ^~1@HcJo
20×7 Lzx(!<v
9 0(oV&
Sales AJ1$$c
64000 #FDu4xi
48000 SD.*G'N&2f
`3s-%>
Cost of sales 7X3l&J2C4l
54000 JI; i1@|b
42000 cFNtY~(b
F^v{ Jqc
Net profit Uz8C!L ">C
30 x=r6vOj
-20 J0) WRn"h
G,*
uj0g
+fR`@HI
December 31, 20×8 0<Y&2<v
December 31, 20×7 zW&O>H
2"K~:Tm#w
Inventory ,O`*AzjS5Q
16000 ^?0,G>I%-
12000 uUB%I 8
L}pFb@
Current assets X)+sHcE~#
60000 {8Nd-WJ{
50000 G7{:d
MX_a]$\:n
Total assets `d;izQ1_=
100000 ~Q\ZDMTK
90000 .`=PE&xq
TBp5xz`
Current liabilities C&"
2`ll
20000 } dlNMW
18000 !{0!G
|hyr(7
Total liabilities v wD(J.;
30000 6>A8#VT
25000 #ms98pw%5
|0 %UM}
Om~C0
During the audit, John has the following findings: MUl+Oy>
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: }7v2GfEkM
Dr. Cash in Bank RMB 5820000 ^}L$[P
Dr. Financial Expenses RMB 180000 5X-(@GwN
Cr. Notes Receivable RMB 6000000 o%5Ao?z~
(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: U#4W"1~iX
Dr. Non-operating Expenses RMB 3000000 (8R
M|&
Cr. Provisions RMB 3000000 M 4?3l
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 a{,t@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: XITQB|C??$
Dr. Provisions RMB 3000000 Z&!$G'X
Cr. Cash in Bank RMB 2500000 d(XWt;K K
Cr. Non-operating Income RMB 500000 }@4*0_g"Aw
Required: NQD b;5:
(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. D1k]
(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: `lzH:B
(a)Inventory Turnover Rate in 20×8; uuB\~ #?T
(b)Gross Profit Ratio in 20×8; eu;^h3u;b
(c)After Tax Return on Total Assets in 20×8; and G_]mNh
(d)Current Ratio as at December 31, 20×8 2S/ 7f:
(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. G7?EaLsfQ
【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。 q[ZYlF,Ho
以下是未经审计财务报表的部分信息: yhmW-#+^e
(单位:千元) Y8T.RS0
项目 20×8 20×7 ER+[gT1CQ
营业收入 64 000 48 000 uzD{ewR/.y
营业成本 54 000 42 000 ?`$4ZDM
净利润 30 -20 3u<2~!sR
tA.C"
20×8年12月31日 20×7年12月31日 {`> x"Y5
存货 16 000 12 000 Y*f<\z(4
流动资产 60 000 50 000 |Q
dS;
总资产 100 000 90 000 2~ a4ib
流动负债 20 000 18 000 zZ63
P
总负债 30 000 25 000 "+AD+D
在审计过程中,约翰发现以下事项: <U*d
(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,WrLZC
借:银行存款5 820 000 B!0[LlF+
财务费用 180 000 $[Ns#7K
贷:应收票据6 000 000 <Bwu N,}
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 0Sk{P>A
借:营业外支出 3 000 000 cP,jC(<N
贷:预计负债 3 000 000 &oBJY'1
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: EifYK
借:预计负债 3 000 000 M6>l%
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贷:银行存款 2 500 000 ?d 4_'y
营业外收入 500 000 ocvBKsfhE`
要求: 7^1ikmYY
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: KE_Ze\P
(a)20×8年存货周转率 Y*6*;0Kx
(b)20×8年销售毛利率
eUl[gHP
(c)20×8年总资产净利率 Uvp?HZ\Z
(d)20×8年12月31日的流动比率 Oe?nX>
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) F]&9Lp}
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【答案】 ;Zw28!#Rt
(1)应选择营业收入作为计算重要性水平的基础。 *+G K?Ga
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 l!1bmg #]$
#Xc~3rg9
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 0o#lB^e;l
销售毛利率=(64000-54000)/64000×100%=15.63% FUQT ,7CA
总资产净利率=30/[(100000+90000)/2]=0.03% *oF{ R^
流动比率=60000/20000=3 *m;L.r`5[
(3) = #`FXO1C
a.应建议做如下审计调整分录: 8n56rOW!
借:应收票据 6 000 000 GxBj N7"
贷:短期借款 5 820 000 87-oR}/r
财务费用 180 000 F>&8b^v bn
b.应建议做如下审计调整分录: \(u P{,ML
借:预计负债 3 000 000 D=8=wT2<
贷:营业外支出 500 000 Gce![<|ph
其他应付款 2 500 000 (Fu9lW}n