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)。 VTs
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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:
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(Expressed in RMB thousands) 0)E`6s#M
FINANCLAL STATEMENTS ITEMS
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20×8 S|/Za".Gr
20×7 oh.8WlI
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Sales .;jp
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64000 Cbjx{
48000 [hXnw'Im/
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Cost of sales qN(,8P\90
54000 Erq%Ck(
42000 fSw6nEXn
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Net profit /6nj
4.xxc
30 o 12wp
-20 X'.*I])
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December 31, 20×8 3FE=?Q
December 31, 20×7 W~2T/~M
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Inventory lt{yo\
16000 'X/(M<c
12000 -efB8)A
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Current assets uH=^ILN.
60000 jR@J1IR<
50000 OVhtU+r
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Total assets pPnJf{
100000 ,c
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90000 Nc[[o>/Cb
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Current liabilities @&
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20000 : ?J0e4.]
18000 Lk:Sju
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Total liabilities Ry4`Q$=:
30000 jgd^{!
25000 #SIIhpjA(
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During the audit, John has the following findings: m8C
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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: aW@J]slg
Dr. Cash in Bank RMB 5820000 ^rIe"Kx
Dr. Financial Expenses RMB 180000 Gz@/:dW^vZ
Cr. Notes Receivable RMB 6000000 $hE,BeQ
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 04P!l
Dr. Non-operating Expenses RMB 3000000 0VwmV_6'<W
Cr. Provisions RMB 3000000 VKb'!Ystl
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 J'4V_Kjg-
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: |"o/GUI~
Dr. Provisions RMB 3000000 o%V%@q H
Cr. Cash in Bank RMB 2500000 ZZ@1l
Cr. Non-operating Income RMB 500000 iIO_d4Z
Required: .Q$/\E
(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. Q=T/hb
(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: q:X&)f
(a)Inventory Turnover Rate in 20×8; %MUh_63bB
(b)Gross Profit Ratio in 20×8; }`*DMI
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(c)After Tax Return on Total Assets in 20×8; and PAHkF&
(d)Current Ratio as at December 31, 20×8 siK:?A@4D
(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. -eSZpz p
【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。 v dR6y
以下是未经审计财务报表的部分信息: @>4=}z_e
(单位:千元) FNB4YZ6
项目 20×8 20×7 X4dXO5\
营业收入 64 000 48 000 "j] r
营业成本 54 000 42 000 1@p'><\
净利润 30 -20 <Z58"dg.5
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20×8年12月31日 20×7年12月31日 jg+q{ ^
存货 16 000 12 000 vivU4:uH3
流动资产 60 000 50 000 (cLcY%$
总资产 100 000 90 000 Ki{]5Rz
流动负债 20 000 18 000 t,>j{SK ~
总负债 30 000 25 000 "+GKU)
在审计过程中,约翰发现以下事项: D
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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: fx`o
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借:银行存款5 820 000 +Oa+G.;)o4
财务费用 180 000 Z9vJF.clO
贷:应收票据6 000 000 :HTV 8;yc
(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:
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借:营业外支出 3 000 000 t!JD]j>q
贷:预计负债 3 000 000 `-QY<STTP9
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: NNM+Z:
借:预计负债 3 000 000 n\G88)Dv`V
贷:银行存款 2 500 000 ];VJ54
营业外收入 500 000 * M,'F^E2
要求: Wp0L!X=0
(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。 T>\r}p
(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: bX*c-r:
(a)20×8年存货周转率 >;M?f!
(b)20×8年销售毛利率 6y
d/3k
(c)20×8年总资产净利率 pXBlTZf
(d)20×8年12月31日的流动比率 @}B,l.Tj
(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) EXD Qr'"
【答案】 Lkl+f~m
(1)应选择营业收入作为计算重要性水平的基础。 dB%q`7O
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 %tC3@S
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 i<uWLhgh1$
销售毛利率=(64000-54000)/64000×100%=15.63% lIDGL05f'
总资产净利率=30/[(100000+90000)/2]=0.03% N@>o:(08
流动比率=60000/20000=3 ^geC?m
(3) j\9v1O!T
a.应建议做如下审计调整分录: uxsfQ%3`#
借:应收票据 6 000 000 Jkq? wpYp
贷:短期借款 5 820 000 LtIw{*3
财务费用 180 000 *4oj '}
b.应建议做如下审计调整分录: e"]*^Q
借:预计负债 3 000 000 f~{@(g&Gl
贷:营业外支出 500 000 z0Bw+&
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其他应付款 2 500 000 @&
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