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)。 Uw5&.aqn.b
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: 'F*OlZ!BWy
(Expressed in RMB thousands) GVf[H2%H
FINANCLAL STATEMENTS ITEMS :vS/Lzk
20×8 ]A+t@/k
20×7 lA6{TH.x
|Ul 4n@+2
Sales :: GW
64000 FyXO @yF
48000 TgLr4Ex
cdI"=B+C\
Cost of sales &P*r66
54000 YXF^4||j.c
42000 gH"aMEC
\O~WMN
Net profit U(~Nmo'
30 +,T}x+D
-20 6%o@!|=I
J!Rqm!)q
d;3f80Kd*
December 31, 20×8 ,>kXn1 ,
December 31, 20×7 c*(=Glzn
D51O/.:U2
Inventory DU5rB\!.~
16000 ;?-{Uk
12000 p lzwk>b_
ePSD#kY5
Current assets dry%aT
60000 R&'Mze fb
50000 h7xgLe@
qr*e9Uk^
Total assets k<o<!
100000 F"tM?V.|
90000 p-z!i +
2@&"*1(Xu
Current liabilities 7 lq$PsC
20000 bDegIW/'w
18000 p@?(m/m$
@ L/i
Total liabilities
ILHn~d IC
30000 l`:-B'WM
25000 G+3uY25y
Aq$o&t
)1)&fN41i#
During the audit, John has the following findings: MGo`j:0
(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: / pGx!
Dr. Cash in Bank RMB 5820000 0U2dNLc
Dr. Financial Expenses RMB 180000 X`]>J5
Cr. Notes Receivable RMB 6000000 a^&RV5o
(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: 4LJ
OT_
Dr. Non-operating Expenses RMB 3000000 nxuR^6Ai
Cr. Provisions RMB 3000000 6fT^t!<i
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Lf Y[Z4
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: ,` $2
Dr. Provisions RMB 3000000 2%pe.stQ
Cr. Cash in Bank RMB 2500000 S2=x,c$
Cr. Non-operating Income RMB 500000 JgldC[|7
Required: .4=A:9
(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. ~ }G#ys\1
(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: oTpoh]|[
(a)Inventory Turnover Rate in 20×8; s%N6^}N
(b)Gross Profit Ratio in 20×8; pTYV@5|
(c)After Tax Return on Total Assets in 20×8; and ;s-fYS6(>{
(d)Current Ratio as at December 31, 20×8 A&Q!W)=
(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. S.owVMQ
【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。 r+MqjdXG
以下是未经审计财务报表的部分信息: (j}edRUnB
(单位:千元) hnv0Loe.IW
项目 20×8 20×7 p"n3JV.~k+
营业收入 64 000 48 000 A+hT2Ew@t}
营业成本 54 000 42 000 (`f)Tt=`
净利润 30 -20 (=s%>lW|
`u8=~]rblj
20×8年12月31日 20×7年12月31日 D._7)$d
存货 16 000 12 000 SsIN
@
流动资产 60 000 50 000 O$Dj_R#
总资产 100 000 90 000 qh wl
流动负债 20 000 18 000 xQzXl
总负债 30 000 25 000 2AjP2
在审计过程中,约翰发现以下事项: &$pA,Gjin\
(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: ;BEX|wxn
借:银行存款5 820 000 ,j[1!*Z_[
财务费用 180 000 ${7s"IX
贷:应收票据6 000 000 p/jAr+XM
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: RSF@ Oo{
借:营业外支出 3 000 000 #Xun>0
贷:预计负债 3 000 000 `Jl_'P}
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: JjQTD-^
借:预计负债 3 000 000 ]8XIw`:f
贷:银行存款 2 500 000 3T@`VFbE
营业外收入 500 000 R!_1 *H$
要求: {
*Wc`ZBY
(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。 JU-eoB}m
(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: +L}R|ihkI
(a)20×8年存货周转率 hhr>nuA
(b)20×8年销售毛利率
1);E!D[
(c)20×8年总资产净利率 -k@Uo(MB
(d)20×8年12月31日的流动比率 h,2?+}Fn
(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) yTU'voE.|
【答案】 d/Fy0=0
(1)应选择营业收入作为计算重要性水平的基础。 %A;s3]V
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 `qr.@0whP
Th 5}?j7
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ]+AgXUrbOD
销售毛利率=(64000-54000)/64000×100%=15.63% K
U;m.{
总资产净利率=30/[(100000+90000)/2]=0.03% M
cbiO)@I
流动比率=60000/20000=3 ~ouRDO
(3) J y0TV jA
a.应建议做如下审计调整分录: Zq\ p%AU9
借:应收票据 6 000 000 _K|?;j#x0k
贷:短期借款 5 820 000 !o/;"'&E
财务费用 180 000 G)y'ex k
b.应建议做如下审计调整分录: aW$))J)0
借:预计负债 3 000 000
;5}y7#4C
贷:营业外支出 500 000 C=PV-Ul+
其他应付款 2 500 000 L"V~MF