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)。 *z2G(Uac
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: '$5.{o`s*1
(Expressed in RMB thousands) 8PWx>}X
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FINANCLAL STATEMENTS ITEMS 6g/ <FM
20×8 VDCG
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20×7 %SV5PO@
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Sales `yjHLg
64000 @a AR99 M
48000 MXSN
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Cost of sales >900I4]I
54000 w\
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42000 rJ
LlDKP-(
k7rFbrLZ
Net profit %M=[h2SN
30 [@!.( Hp
-20 ]0`*gKA
KeU|E<|!
SZO$#
December 31, 20×8 |}~2=r z
December 31, 20×7 `[hc{ynO|
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Inventory %LeQpbyOR
16000 Yp_ L.TTb
12000 )ZxDfRjL
8]@)0q {r
Current assets 8dg\_H_
60000 uFseO9F.2
50000 V3%"
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Total assets 8@Zg@>,
100000 %2 A-u
90000 9FB[`}
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Current liabilities 4uQ\JD(*Eu
20000 hf6=`M}>i
18000 P`/;3u/P
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Total liabilities %4F
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30000 T&M*sydA
25000 lHRs3+
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During the audit, John has the following findings: ^/nj2"
(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 3AKT>Wy =
Dr. Financial Expenses RMB 180000 ~7!=<M
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Cr. Notes Receivable RMB 6000000 3V)ef$Y0
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: XJx$HM&0M
Dr. Non-operating Expenses RMB 3000000 .YV{w L@cB
Cr. Provisions RMB 3000000 6f"jl
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 C,*3a`/2M^
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: (mO{W
Dr. Provisions RMB 3000000 c$Vu/dgx
Cr. Cash in Bank RMB 2500000 {WBe(dc_%
Cr. Non-operating Income RMB 500000 nz{
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Required: "r!>p\.0O
(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. ;kSRv=S
(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: eWKFs)C]
(a)Inventory Turnover Rate in 20×8; {{hp;&x
(b)Gross Profit Ratio in 20×8; t)#8r,9c
(c)After Tax Return on Total Assets in 20×8; and #xUX1(
(d)Current Ratio as at December 31, 20×8 r]e1a\)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. 8fV.NCyE
【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。 Rm@#GP`
以下是未经审计财务报表的部分信息: |l4tR
(单位:千元) ~q5aMy d<
项目 20×8 20×7 #[ei/p
营业收入 64 000 48 000 L]wWJL
营业成本 54 000 42 000 w}8
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净利润 30 -20 ,;3bPjey
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20×8年12月31日 20×7年12月31日 wM$N#K@
存货 16 000 12 000 -L4fp
流动资产 60 000 50 000 `IP?w&k)
总资产 100 000 90 000
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流动负债 20 000 18 000 [&_7w\m
总负债 30 000 25 000 [
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在审计过程中,约翰发现以下事项: mLEJt,X
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: TLcev*
借:银行存款5 820 000 5j8aMnv s
财务费用 180 000 UB5CvM28
贷:应收票据6 000 000 sj9j47y
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: l*r8.qp
借:营业外支出 3 000 000 rJjNoY
贷:预计负债 3 000 000 ?*oBevUnCY
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: z3n273W>6
借:预计负债 3 000 000 lu_kir~
贷:银行存款 2 500 000 OC?a[^hB^)
营业外收入 500 000 Yfbo=yk
要求: Vy.gr4Cm
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 .Us)YVbk
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Z\YCjs%
(a)20×8年存货周转率 =3h?!
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(b)20×8年销售毛利率 6TR` O
(c)20×8年总资产净利率 d4ga6N3'
(d)20×8年12月31日的流动比率 8v<802
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) c-GS:'J{
【答案】 ?-Qq\D^+
(1)应选择营业收入作为计算重要性水平的基础。 Mb!b0
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ftb .CPWI
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 5dvP~sw
销售毛利率=(64000-54000)/64000×100%=15.63% #QUQC2P(~
总资产净利率=30/[(100000+90000)/2]=0.03% u=6LPwiI
流动比率=60000/20000=3 0~a9gBG
(3) GhJ<L3
a.应建议做如下审计调整分录: v pg*J/1[
借:应收票据 6 000 000 >='y+68
贷:短期借款 5 820 000 HXeX!
财务费用 180 000 mm
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b.应建议做如下审计调整分录: N9dx^+\
借:预计负债 3 000 000 JT,[;
贷:营业外支出 500 000 ;b`kN;s
其他应付款 2 500 000 +^6a$ N