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)。 Y-~~,Yl~
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: [9mL $;M
W
(Expressed in RMB thousands) `C_'|d<HA
FINANCLAL STATEMENTS ITEMS ]lS@}W\
20×8
cPn+<M#
20×7 6+dn*_[Z6
8[bkHf
I
Sales g): ]'
64000 Zt@Z=r:&
48000 rrs"N3!aT
,Vd7V}t
Cost of sales n&-496H
54000 ] c}91
42000 #\4 b:dv
2GWDEgI1o
Net profit 5V-jMB
30 XTqm]
-20 -s__E
F9XT
lA
0=6/yc
December 31, 20×8 >O]s&34
December 31, 20×7 7\/5r.
$
_j1kx$
Inventory h<p
3'
16000 MZ#T^Y
12000 noNm^hFL
A
xCI 0
Current assets xi'<y
60000 :#="
%
50000
?RD *1
kJ=L2g>W<.
Total assets (U87}}/l
100000 zW4O4b$T
90000 X QbNH~
o;`!kIQ
Current liabilities 0jB X5
20000 gs`^~iD]m
18000 xRDi
Rj
w@]jpH;WX
Total liabilities kI*Uk M-
30000 rhY_|bi4P
25000 oEzDMImJ5
"S(X[Y'
3;$bS<>
During the audit, John has the following findings: [{F%LRCo-
(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: 6Dm+'y]l
Dr. Cash in Bank RMB 5820000 ZL%VOxYqi
Dr. Financial Expenses RMB 180000 9Z!lmfnJ
Cr. Notes Receivable RMB 6000000 WPY8C3XO
(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: _|n=cC4Qu
Dr. Non-operating Expenses RMB 3000000 v@T'7?s.
Cr. Provisions RMB 3000000 dc^Vc{26Z
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Qp:6=o0:
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: N&;\PfG
Dr. Provisions RMB 3000000 hWGZd~L
Cr. Cash in Bank RMB 2500000 d><fu]'
Cr. Non-operating Income RMB 500000 QjukK6#W
Required: T_L6 t66I
(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. 9[>Lp9l'
(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: kl{6]39
(a)Inventory Turnover Rate in 20×8; zW'/2W.
(b)Gross Profit Ratio in 20×8; ~8Sqa%F>
(c)After Tax Return on Total Assets in 20×8; and jmW^`%;7
(d)Current Ratio as at December 31, 20×8 k\(4sY M
(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. 5~\Kj#PBx
【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。 ;?im(9h"v!
以下是未经审计财务报表的部分信息: a%[q
|oyR
(单位:千元) &X w`T9<
项目 20×8 20×7 1=TSJ2{9
营业收入 64 000 48 000 I#l;~a<9z
营业成本 54 000 42 000 &,uC9$
净利润 30 -20 _O52ai><b
u
2lXd'
20×8年12月31日 20×7年12月31日 )y\BY8
存货 16 000 12 000 9H$g?';
流动资产 60 000 50 000 a"qR J-@
总资产 100 000 90 000 *98Ti|
流动负债 20 000 18 000 iwz`
x
总负债 30 000 25 000 ]N\6h(**wy
在审计过程中,约翰发现以下事项: G^"H*a
(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: n2na9dX)w
借:银行存款5 820 000 3W j,}
财务费用 180 000 wG:$6
贷:应收票据6 000 000 5`UJouHi
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: B/u*<k4
借:营业外支出 3 000 000 -M`D>
贷:预计负债 3 000 000 DB Xm
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: q6)p*}-
借:预计负债 3 000 000 IuKnM`X
贷:银行存款 2 500 000 D5[VK`4Z
营业外收入 500 000 c9|a$^I6
要求: *K!7R2Rat
(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。 z[FI2jl
(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: gN\*Y
(a)20×8年存货周转率 {fElto
(b)20×8年销售毛利率 z6}Pj>1
(c)20×8年总资产净利率 .q0AoM
(d)20×8年12月31日的流动比率 [#zE.
TW
(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) o~}1oN
【答案】 ?7rD42\8H
(1)应选择营业收入作为计算重要性水平的基础。 *?b@>_1K
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 8v$g
\v s%U}IrO
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 t!l/` e%J
销售毛利率=(64000-54000)/64000×100%=15.63% I
W8.
总资产净利率=30/[(100000+90000)/2]=0.03% `&G}
流动比率=60000/20000=3 sVlZNj9i
"
(3) |3"NwM>
a.应建议做如下审计调整分录: 1[[TB .xF
借:应收票据 6 000 000 xLLC)~
贷:短期借款 5 820 000 rN'.&;Y5
财务费用 180 000 aC}vJ93i
b.应建议做如下审计调整分录: I<9n(rA
借:预计负债 3 000 000 Kd
TE{].d
贷:营业外支出 500 000 B{N=0 cSi
其他应付款 2 500 000 w2KWa-BO