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)。 VBDb K|
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: vf<Dqy <M.
(Expressed in RMB thousands) c7@/<*E+
FINANCLAL STATEMENTS ITEMS M!!vr8}
20×8 uaKbqX
20×7 1D8S}=5&
y_q1Y70i2r
Sales
GeB&S!F
64000 BxlhCu
48000 8$47Y2r@
SC2LY
Cost of sales Vraz}JV
54000 Ps\4k#aOv
42000 Nv;'Ys P
1EQ:@1
Net profit P{`fav
30 %++:
K
-20 hslT49m>
t5K#nRd Z:
H\<0{#F
December 31, 20×8 Ph.RWy")
December 31, 20×7 7p':a)
md18q:AG)
Inventory O_th/hl
16000 l?J
[K
12000 g5Io=e@s
%Y'/_
esH2
Current assets
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60000 |r;>2b/ x
50000 '" &*7)+g*
'w72i/
Total assets :]Om4Q\-#
100000 rOEBL|P0
90000 (]I=';\
RN@)nc_
Current liabilities udr|6EjD.
20000 q^wSM
18000 X_D-K F
u6l)s0Q
Total liabilities nC??exc
30000 $qg2@X.
25000 CA&VnO{r
'4u/
g
MzKl=G
During the audit, John has the following findings: AOcUr)
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: &c&TQkx
Dr. Cash in Bank RMB 5820000 c>/7E-T
Dr. Financial Expenses RMB 180000 y,`0f|
Cr. Notes Receivable RMB 6000000 Y*#TfWv:
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: p^ROt'eQ<
Dr. Non-operating Expenses RMB 3000000 ?^7X2 u$nm
Cr. Provisions RMB 3000000 N z=P1&G'
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 B]gyj
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: J
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Dr. Provisions RMB 3000000 X#h a*u~U
Cr. Cash in Bank RMB 2500000 7AGUi+!ICl
Cr. Non-operating Income RMB 500000 =c&.I}^1L
Required: if\`M'3Xx
(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\xDAOEL
(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:
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(a)Inventory Turnover Rate in 20×8; ?-`&YfF
(b)Gross Profit Ratio in 20×8; LXrk5>9
(c)After Tax Return on Total Assets in 20×8; and awz.~c++
(d)Current Ratio as at December 31, 20×8 IIBS:&;+-
(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. j%Uoi
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【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。 lm&^`Bn)
以下是未经审计财务报表的部分信息: yn(bW\
(单位:千元) N,VI55J:y>
项目 20×8 20×7 -Ks)1w>l
营业收入 64 000 48 000 tr/.pw6
营业成本 54 000 42 000 xy&*s\=:
净利润 30 -20 T4ugG?B*
zO$r
20×8年12月31日 20×7年12月31日 y[S9b(:+
存货 16 000 12 000 ^4\0,>
流动资产 60 000 50 000 B^R44j]3"
总资产 100 000 90 000 <KCyXU*
流动负债 20 000 18 000 8o
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总负债 30 000 25 000 OBF-U]?Y
在审计过程中,约翰发现以下事项: w6Mv%ZO_
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: w&VDe(:~
借:银行存款5 820 000 " L,9.b
财务费用 180 000 pSYEC,0B
贷:应收票据6 000 000 )_o^d>$da
(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: JlRNJ#h>
借:营业外支出 3 000 000 JdWa
v!PYm
贷:预计负债 3 000 000 S-7 C'dc
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: i?eVi
借:预计负债 3 000 000 ;AL:VU
贷:银行存款 2 500 000
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营业外收入 500 000 N
Mx:Jh-YN
要求: cb{"1z
(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。 }&6:0l$4!
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: g\IwV+iDf
(a)20×8年存货周转率 U+E9l?4R
(b)20×8年销售毛利率 -m
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(c)20×8年总资产净利率 &=:3/;c
(d)20×8年12月31日的流动比率 'W("s
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Xi\c>eALO
【答案】 JZ:yPvJ
(1)应选择营业收入作为计算重要性水平的基础。 WoNY8
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 D$NpyF.87
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ~0?B
销售毛利率=(64000-54000)/64000×100%=15.63% 88?O4)c
总资产净利率=30/[(100000+90000)/2]=0.03% zE/\2F$
流动比率=60000/20000=3 =2} kiLKO
(3) w
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a.应建议做如下审计调整分录: %p&y/^=0I
借:应收票据 6 000 000 N|Xm{@C
贷:短期借款 5 820 000 :If
whI)
财务费用 180 000 P46Q3EE
b.应建议做如下审计调整分录: rQ U6*f
借:预计负债 3 000 000 z%lJWvaA7
贷:营业外支出 500 000 $P%cdJ T0
其他应付款 2 500 000 )%n$_N n