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)。 SOvF[,+
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: >~+ELVB&
(Expressed in RMB thousands) % +\."eC
FINANCLAL STATEMENTS ITEMS Yk Qd
20×8 -1ub^feJ,
20×7 57'4ljvYi
v1,oilL
Sales 2SR: FUV/
64000 94
90o:s
48000 VBcPu
r0 uwPf
Cost of sales "`1bA"E
54000 y Fq&8 x<X
42000 LC!bIm5'
0NX,QD
Net profit
fL7xq$K
30 ^@NU}S):yN
-20 V,N%;iB}
r^ ZEImjc
ay
F\nk4b
December 31, 20×8 ZO$%[
ftb
December 31, 20×7 q?/a~a
)p%E%6p
Inventory CYYU7
16000 l_%6
12000 |*tp16+6
~z;FP$U
Current assets }U5yQ%N
60000 | (_
50000 R@k
&SlL'`
by/jYg)+
Total assets G+\GaY[
100000 fPW@{~t
90000 %z4Nl$\
y9}>: pj4
Current liabilities lQkQ9##*
20000 #$qT
FN
18000 XA
L1|]S
/FEVmH?
Total liabilities
,7K`[
30000 Q^txVUL
25000 q.`NtsW!\+
vTw>JNVI
y:qUn!3
During the audit, John has the following findings: !ff&W1@
(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:
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Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 @@%.t|=
Cr. Notes Receivable RMB 6000000 F6flIG&h
(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(=w(;84
Dr. Non-operating Expenses RMB 3000000 [-oc>;`=l
Cr. Provisions RMB 3000000 (mt k 4
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 \&gB)czEO
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: :'*~uJrR
Dr. Provisions RMB 3000000 \7'{g@C(
Cr. Cash in Bank RMB 2500000 t"/q]G5
Cr. Non-operating Income RMB 500000 ]1pIj
i[
Required: |64~K\X
(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. pgZXJ
(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: .gOL1`b*
(a)Inventory Turnover Rate in 20×8; UH/\
(b)Gross Profit Ratio in 20×8; K1!j fp
(c)After Tax Return on Total Assets in 20×8; and :@A9](gI
(d)Current Ratio as at December 31, 20×8 ut/=R !(K
(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. qVw
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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。 .$)
以下是未经审计财务报表的部分信息: v9O~@v{=
(单位:千元)
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项目 20×8 20×7 2JcjZn
营业收入 64 000 48 000 a\YV3NJ/A
营业成本 54 000 42 000 mk+B9?;cF-
净利润 30 -20 ,0HRAmG
a8Nh=^Py
20×8年12月31日 20×7年12月31日 O2dW6bt
存货 16 000 12 000 g0ly
流动资产 60 000 50 000 7 X'u6$i
总资产 100 000 90 000 pYZ6e_j1~
流动负债 20 000 18 000 1 \6D '/G
总负债 30 000 25 000 i5?q,_
在审计过程中,约翰发现以下事项: >{J(>B\
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: FNY8tv*/x
借:银行存款5 820 000 tQYM&6g
财务费用 180 000 +<3XJ7D
贷:应收票据6 000 000 56-dD5{hxR
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: p/@smke
借:营业外支出 3 000 000 I(7NQ8Hx
贷:预计负债 3 000 000 8::$AQL3
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: +8d1|
cB"
借:预计负债 3 000 000 JKmIvZ)8
贷:银行存款 2 500 000 /F'sb[
营业外收入 500 000 0eu$ W
要求: $Kncvu
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 3H6lBF
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 9=h'9Wo
(a)20×8年存货周转率 e 5*hE
(b)20×8年销售毛利率 I5n^,@md
(c)20×8年总资产净利率 TOXfWEU3>
(d)20×8年12月31日的流动比率 c*L\_Vx+
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) `gf0l /d
【答案】 kH7(@Pa
(1)应选择营业收入作为计算重要性水平的基础。 Tl[!=S
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 QD*35Y!d
L4z ~B!uvF
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 x&Kh>PVh\
销售毛利率=(64000-54000)/64000×100%=15.63% -^h' >.
总资产净利率=30/[(100000+90000)/2]=0.03% ~T,c"t2
流动比率=60000/20000=3 "~7>\>UFh
(3) 5T2CISmu
a.应建议做如下审计调整分录: v8[I8{41
借:应收票据 6 000 000 K<qk.~
S
贷:短期借款 5 820 000 Zxs|%bQ
财务费用 180 000 ]cZ
!y
~
b.应建议做如下审计调整分录: 9s$CA4?HP
借:预计负债 3 000 000 _Wq
贷:营业外支出 500 000 6vNrBB
其他应付款 2 500 000 {NFr]LGOp