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)。 >[,
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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: Cul=,;pkB
(Expressed in RMB thousands) u0 tlf
FINANCLAL STATEMENTS ITEMS %.<_+V
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20×8 $t(v `,
20×7 |f#hGk6
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Sales a[(OeVQ5
64000 O9(z"c
48000 x9 %=d
v#d\YV{I
Cost of sales ,_I
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54000 ^hmV?a:Y
42000 *}d N.I
L,
L2ydyXIsd
Net profit DylO;+
30 ;*M@LP{*L
-20 aQtd6L+ J
L ,dh$F
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December 31, 20×8 )ffaOS!\
December 31, 20×7 hx$61E=
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Inventory 9Yv:6@. F
16000 {E
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12000 *;Mi/^pzK
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Current assets 3k`Q]O=OU
60000 pg4W?N`
50000 >+P}S@
'|[V}K5m/f
Total assets alaL/p{O
100000 (WyNO QO'
90000 Mh.1KI[t
Q'/sP 5Pj
Current liabilities ^w60AqR8
20000 3ic /xy;}
18000
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U]=yCEb8p
Total liabilities oS fr5
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30000 E1eGZ&&Gd
25000 c$Kc,`2m7
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$nO~A7
During the audit, John has the following findings: ayy\7b
(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: &Q883A
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Dr. Cash in Bank RMB 5820000 )4L2&e`k)(
Dr. Financial Expenses RMB 180000 GfE>?mG
Cr. Notes Receivable RMB 6000000 b&:v6#i
(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: [a2]_]E%
Dr. Non-operating Expenses RMB 3000000 f+cb83}n]
Cr. Provisions RMB 3000000 d m8t~38
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Q)DEcx-|,
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: u2 s
Dr. Provisions RMB 3000000 K ze?@*
Cr. Cash in Bank RMB 2500000 mqZH<.mn
Cr. Non-operating Income RMB 500000 ,a?)O6?/
Required: qzUiBwUi@
(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. u7L?9
(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: >GGM76vB=,
(a)Inventory Turnover Rate in 20×8; '~D4%WKT
(b)Gross Profit Ratio in 20×8; (p-q>@m
(c)After Tax Return on Total Assets in 20×8; and i1vz{Tc
(d)Current Ratio as at December 31, 20×8 >Ku4Il+36
(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. u}@N
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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。 An.
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以下是未经审计财务报表的部分信息: IA2VesHb
(单位:千元) -V/y~/]J
项目 20×8 20×7 NN*L3yx
营业收入 64 000 48 000 EN!C5/M{&
营业成本 54 000 42 000 P0l
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净利润 30 -20 *7xcwjeP
z9aR/:W}
20×8年12月31日 20×7年12月31日 r3'J{-kl
存货 16 000 12 000 gNB+e5[; 2
流动资产 60 000 50 000 z
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总资产 100 000 90 000 Nk7y2[
流动负债 20 000 18 000 o[ZjXLJzV
总负债 30 000 25 000 Y)sB]!hx
在审计过程中,约翰发现以下事项: wQ+pVu?6_
(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: jJ#D`iog5
借:银行存款5 820 000 |
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财务费用 180 000 46>rvy.r
贷:应收票据6 000 000 @+b$43^
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: zZCl]cql
借:营业外支出 3 000 000 ;ElCWs->\
贷:预计负债 3 000 000 1K
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20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: yB UQ!4e
借:预计负债 3 000 000 ?Q"andf
贷:银行存款 2 500 000 ZmsYRk~@-
营业外收入 500 000 ;'S,JGpvT
要求: c4fH/-
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 wN[lC|1c
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Wk%|%/:
(a)20×8年存货周转率 w}3N!jNDv
(b)20×8年销售毛利率 _
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(c)20×8年总资产净利率 :uCwWv
(d)20×8年12月31日的流动比率 z!g$#hmL>
(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) wA5Iz{uQO
【答案】 \S;[7T
(1)应选择营业收入作为计算重要性水平的基础。
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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。 |T<aWZb^=
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 wn[)/*(,$(
销售毛利率=(64000-54000)/64000×100%=15.63% ##jJaSxG
总资产净利率=30/[(100000+90000)/2]=0.03% w%])
流动比率=60000/20000=3 v@\S$qU2
(3) d5'Q1"{
a.应建议做如下审计调整分录: t%qep|
借:应收票据 6 000 000 v9f+ {Y%-
贷:短期借款 5 820 000 poQ_r<I
财务费用 180 000 '[$KG
b.应建议做如下审计调整分录: VIAq$iu7
借:预计负债 3 000 000 Ey=2zo^F
贷:营业外支出 500 000 T?1BcY
其他应付款 2 500 000 \IL)~5d