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)。 zbddn4bW9
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: ^.mQ~F
(Expressed in RMB thousands) IxYuJpi
FINANCLAL STATEMENTS ITEMS R5
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20×8 L/%3_,
20×7 'dQ2"x?4
702&E(rx,
Sales nrUrMnlg
64000 Up`$U~%-
48000 @+sy
D
"@
Zy+zLU
Cost of sales 9:!n'mn
54000 t.j q]L
42000 m qPWCFP
1MRt_*N4
Net profit KOV^wSwS
30 J}i$ny_3OB
-20 pHsp]a
W;,UhE
"#rlL^9v
December 31, 20×8 uB
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December 31, 20×7 -[~{c]/ c
:)q/8 0@
Inventory A_{QY&%m
16000 Fw!5hR`,
12000 Al$"k[-Uin
G-Sw`HHo
Current assets x|U]x
60000 _Eq:Qbw#
50000 udqGa)&0
&Km?(%?
Total assets Vd)iv\a
100000 X
z2IAiAs'
90000 2OAh7 '8<
VaZS_qGe:
Current liabilities 6.EfM^[
20000 w<J$12
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18000 y:iE'SRRK6
b-M[la}1"
Total liabilities >>(2ZJ
30000 mf,mKgfG
25000 GaSk&'n$Y
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During the audit, John has the following findings: ,
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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: \&2GLBKpe
Dr. Cash in Bank RMB 5820000 k1$|vzMh
Dr. Financial Expenses RMB 180000 4D$$KSa
Cr. Notes Receivable RMB 6000000 3yr{B Xn
(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: iWCN2om
Dr. Non-operating Expenses RMB 3000000 .Ky<9h.K
Cr. Provisions RMB 3000000 lLmVat(
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 89`AF1
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: '}P)iS2
Dr. Provisions RMB 3000000 9C|T/+R
Cr. Cash in Bank RMB 2500000 #bsR L8@
Cr. Non-operating Income RMB 500000 5>KAVtYvc
Required:
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(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. ]=WJ%p1l
(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: 3hO`GM
(a)Inventory Turnover Rate in 20×8; WYRTt2(+%
(b)Gross Profit Ratio in 20×8; ~<Gs<c}z
(c)After Tax Return on Total Assets in 20×8; and KbMgatI/
(d)Current Ratio as at December 31, 20×8 $w[@L7'(
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. asQ pVP
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Yah3I@xGy
以下是未经审计财务报表的部分信息: Y'Wj7P
(单位:千元) ;)0vxcMB
项目 20×8 20×7 hB
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营业收入 64 000 48 000 ^ T(l3r
营业成本 54 000 42 000 mRj-$:}L
净利润 30 -20 KOhy)h+ h
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20×8年12月31日 20×7年12月31日 .N_0rPO,Kw
存货 16 000 12 000 s3g$F23
流动资产 60 000 50 000 "!E(=W?
总资产 100 000 90 000 R!*UU'se
流动负债 20 000 18 000 M(b'4
总负债 30 000 25 000 ,EcmMI^A
在审计过程中,约翰发现以下事项: 0z#+^
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ~K:#a$!%,
借:银行存款5 820 000 C([;JO
11[
财务费用 180 000 JP!$uK{u
贷:应收票据6 000 000 >bz}IcZP
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: wMt?yc:X
借:营业外支出 3 000 000 HY5g>wv@
贷:预计负债 3 000 000 Vfg144FG'
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: m`nv4 i#o
借:预计负债 3 000 000 [p}J=1S
贷:银行存款 2 500 000 {*
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营业外收入 500 000 %?X~,
要求: E|6X.Ny]
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Yi7`iC
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: EZ1H0fm
(a)20×8年存货周转率 ;]Y.2 J
(b)20×8年销售毛利率 Ywr^uy1V,/
(c)20×8年总资产净利率 A[htG\A` 0
(d)20×8年12月31日的流动比率 MCL?J,1?r
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) R/ l1$}
【答案】 ll[U-v{
(1)应选择营业收入作为计算重要性水平的基础。 0@*rp7
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;OPz T9
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 qFe|$rVVIl
销售毛利率=(64000-54000)/64000×100%=15.63% qZKU=HM
总资产净利率=30/[(100000+90000)/2]=0.03%
b=K
流动比率=60000/20000=3 cQ*:U@
(3) RBt"7 '
a.应建议做如下审计调整分录: ofcoNLX5c
借:应收票据 6 000 000 +;:i,`Lmg
贷:短期借款 5 820 000 7S2Bm]fP
财务费用 180 000 d?b2jZ$r]
b.应建议做如下审计调整分录: j,EE`g&
借:预计负债 3 000 000 z[ z'.{;D
贷:营业外支出 500 000 Z%(aBz7Et
其他应付款 2 500 000 c{|soc[#