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)。 lre(]oBXA
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: r!w4Br0
(Expressed in RMB thousands) a:P+HU:
FINANCLAL STATEMENTS ITEMS N\ <riS9
20×8 9k93:#{WE
20×7 t(UBs-t
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Sales [2Y@O7;nI
64000 ]hlQU%
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48000 k3LHLJZ#
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Cost of sales ,V!Wo4M
54000 pbh>RS=ri
42000 on
hLhrZ
<bJ|WS|
Net profit PQi(Oc
30 ~W"@[*6w
-20 tHqa%
a"}ndrc*
Md9y:)P@Y
December 31, 20×8 L8E4|F}
December 31, 20×7 "8)%XSb
k
N* I_#
Inventory 2I suBX\[
16000 4<<eqxI$|
12000 Ta3* G
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Current assets eF0FQlMe[
60000 <2O#!bX1
50000 +i /4G.=*
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Total assets }] 1C=~lC
100000 {qSMJja !t
90000 Y ajAz5N
lt'N{LFvc
Current liabilities Rc93Fb-Zp
20000 #xR=U"
18000 ifWQwS/,a
B)d 4]]4\\
Total liabilities
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30000 lQgavP W!
25000 !gsrPM
Y HgNL LZ?
~md06"AYJ
During the audit, John has the following findings: wU/fGg*M2
(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: $Ups9p Q
Dr. Cash in Bank RMB 5820000 r~|7paX!
Dr. Financial Expenses RMB 180000 vEE\{1
Cr. Notes Receivable RMB 6000000 i$.! 8AV6
(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: av'[k<
Dr. Non-operating Expenses RMB 3000000 -:!Wds
Cr. Provisions RMB 3000000 =~
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 @d8Nr:
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: ?hrz@k|
Dr. Provisions RMB 3000000 E&"V~
Cr. Cash in Bank RMB 2500000 !u:;Ew
Cr. Non-operating Income RMB 500000 klc$n07
Required: %LqT>HXJ
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. k:mW ,s|a
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: '"hSX=
(a)Inventory Turnover Rate in 20×8; GAs.?JHd
(b)Gross Profit Ratio in 20×8; lN"@5(5%
(c)After Tax Return on Total Assets in 20×8; and L6jwJwD
(d)Current Ratio as at December 31, 20×8 t8
lGC R
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. /nh3/[u
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 EIpz-"S
以下是未经审计财务报表的部分信息: VV[Fb9W ;
(单位:千元) qx0F*EH|
项目 20×8 20×7 ~XXNzz]?
营业收入 64 000 48 000 7 > _vH]
营业成本 54 000 42 000 j5smmtM`s
净利润 30 -20 g&_f%hx?
N]ebKe
20×8年12月31日 20×7年12月31日 wZ`*C
mr
存货 16 000 12 000 WFmW[< g
流动资产 60 000 50 000 mtLiS3Nk8
总资产 100 000 90 000 {XC[Ia6jtL
流动负债 20 000 18 000 C0^r]^$Z
总负债 30 000 25 000 %Yg|QBm|
在审计过程中,约翰发现以下事项: &-My[t
(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: SY}"4=M?l
借:银行存款5 820 000 $&jVEMia
财务费用 180 000 3/c%4b.Z
贷:应收票据6 000 000 (BK_A{5
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: #g2&x sU
借:营业外支出 3 000 000 ssH[\i
贷:预计负债 3 000 000 v4X ` Ul*
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: n0 V^/j}
借:预计负债 3 000 000 &
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贷:银行存款 2 500 000 yI-EF)A@;
营业外收入 500 000 wq8&2(|Fc
要求: B<G,{k
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 SC3_S.
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: ^ME'D
(a)20×8年存货周转率 L{XW2c$h
(b)20×8年销售毛利率 ^8dCFw.rU
(c)20×8年总资产净利率 <1QXZfQ"
(d)20×8年12月31日的流动比率 IF6-VFY:6
(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) wIWO?w2
【答案】 ?O]RQXsZ2
(1)应选择营业收入作为计算重要性水平的基础。 $:A80(#+
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 R$QhuxT|
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 iG=Di)O
销售毛利率=(64000-54000)/64000×100%=15.63% *.T?#H
总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 U?5G%o(q
(3) >4+KEK
a.应建议做如下审计调整分录: ^HE@ [b
借:应收票据 6 000 000 (Y^tky$9
贷:短期借款 5 820 000 hL}ZPHA
财务费用 180 000 5e?<x>e
b.应建议做如下审计调整分录: ##alzC
借:预计负债 3 000 000
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贷:营业外支出 500 000 mGJRCK_
其他应付款 2 500 000 {/,AMJ<:G]