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)。 &Vj@){
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: [gzaOP`f
(Expressed in RMB thousands) ``xm##K
FINANCLAL STATEMENTS ITEMS -J]?
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20×8 V .Kjcy
20×7 y)r`<B
k_g@4x1y*
Sales St
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64000 /X8a3Eqp9
48000 SiNgV\('U
!&%KJS6p4
Cost of sales ~XUUrg;
54000 EXdX%T\
42000 1@Ba7>%'
jLFaf#G]
Net profit VnuG^)S
30 _0[z
xOI
-20 1^IMoC7$#
(U\o0L
I
F%L"Q>aHW
December 31, 20×8 ^|/<e?~I
December 31, 20×7 ;apLMMsWC
s.(.OXD&
Inventory f}dlQkZ(
16000 [w](x
12000 ( w4XqVT
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Current assets ?`TQ!m6y
60000 ]xf89[;0
50000 :F d1k
Jm
QXI~Toddj
Total assets [KUkv
100000 7$7|
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90000 gvVy0nJI~
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Current liabilities
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20000 nANl9;G
18000 hl[<o<`Q
czw:xG!&
Total liabilities I'D 3~UIf
30000 )g=mv*9>
25000 Fpo}UQQbc
v~RxtTu
4][VK/v+
During the audit, John has the following findings: S|d /?}C|e
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: +:m)BLA4l
Dr. Cash in Bank RMB 5820000 H#F"n"~$
Dr. Financial Expenses RMB 180000 "P.sKhuo
Cr. Notes Receivable RMB 6000000 H!NGY]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: E.yFCa
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Dr. Non-operating Expenses RMB 3000000 tL&_@PD)
3
Cr. Provisions RMB 3000000 U>IsmF>m
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 nUY)LnI
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: E;yr46
Dr. Provisions RMB 3000000 Zy Df@(z`
Cr. Cash in Bank RMB 2500000 6n:X
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Cr. Non-operating Income RMB 500000 -X *.scw
Required: !d0$cF):
(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. 2S
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(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: ]Y
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(a)Inventory Turnover Rate in 20×8; [:,|g;=Y}
(b)Gross Profit Ratio in 20×8; K[SzE{5=P
(c)After Tax Return on Total Assets in 20×8; and d+Mogku2
(d)Current Ratio as at December 31, 20×8 &WCVdZK:
(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. B'Nvl#
【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。 Yy!G?>hC
以下是未经审计财务报表的部分信息: qPN
(单位:千元) 6o
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项目 20×8 20×7 )p!")
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营业收入 64 000 48 000 IL Nghtm-
营业成本 54 000 42 000 KW0KXO06a
净利润 30 -20 WbFCj0
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20×8年12月31日 20×7年12月31日 4&]NC2I
存货 16 000 12 000 )`=N+k]
流动资产 60 000 50 000 >iJxq6!
总资产 100 000 90 000 7DW-brd
流动负债 20 000 18 000 48gpXcc@|
总负债 30 000 25 000 U ;4;>
在审计过程中,约翰发现以下事项: "{{@N4^
(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: 7Aw <:
借:银行存款5 820 000 _#<l -R`
财务费用 180 000 p<VW;1bt5
贷:应收票据6 000 000 <!u(_Bxw/
(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: B^1jd!m
借:营业外支出 3 000 000 kSJ:4! lFU
贷:预计负债 3 000 000 LGy!{c
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: RXPl~]k#i
借:预计负债 3 000 000
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贷:银行存款 2 500 000 )sEAPIka
营业外收入 500 000 (d
s*$]
要求: XF4NRs
(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。 7")&njQ/x
(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: ?!34qh
(a)20×8年存货周转率 UR`pZ.U
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(b)20×8年销售毛利率 oRn 5blj
(c)20×8年总资产净利率 5OFb9YX
(d)20×8年12月31日的流动比率 `Q^Vm3h
(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) .|ZnU]~T
【答案】 ,"5p=JX`
(1)应选择营业收入作为计算重要性水平的基础。 Z}O0DfT;
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =2wy;@f
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 FLlL0Gu
销售毛利率=(64000-54000)/64000×100%=15.63% J0Y-e39 `
总资产净利率=30/[(100000+90000)/2]=0.03% nYY' hjZ
流动比率=60000/20000=3 V> eJ
(3) :n?}G0y
a.应建议做如下审计调整分录: 6? (8KsaN
借:应收票据 6 000 000 `^E(
P1oJ3
贷:短期借款 5 820 000 ]_)=xF19
财务费用 180 000 ?@_,_gTQ
b.应建议做如下审计调整分录: l\-(li
H
借:预计负债 3 000 000 "_&HM4%!
贷:营业外支出 500 000 Sytx9`G 5
其他应付款 2 500 000 hmd, g>J:<