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)。 L+I[yJY:!
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: H~ks"D1
(Expressed in RMB thousands) @b>]q$)(}
FINANCLAL STATEMENTS ITEMS ]m4LY.SQ
20×8 //J:p,AF
20×7 T&R`s+7
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Sales Bs# #3{ylu
64000 dtF6IdAf
48000 hJ}G5pX
G x,D'H'
Cost of sales J&3;6I
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54000 >p<(CVX[
42000 PA,j;{,(b
_eO] awsA
Net profit dHp6G^Y
30 Y\op9Fw
-20 QlXy9-oJ"
qS2%U?S7
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December 31, 20×8 CC)9Ks\
December 31, 20×7 3zl!x
61mQJHl.
Inventory 4U6{E#
16000 VqbiZOZ@
12000 ?BLOc;I&a
BMdr.0
Current assets ;zCHEz
60000 <!+o8z]
50000 JHQ8o5bEQp
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Total assets yr=r?h}
100000 yq<YGNy!
90000 t%TZu>(1O
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Current liabilities sW]n~kTt'
20000 bkM$ Qo
18000 S 5d{dTPq
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Total liabilities <]9MgfAe
30000 Gg!))I+
25000 q@\_q!
p/:5bvA
[-CG&l2?L
During the audit, John has the following findings: [%@zH
(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: gSGe]
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 2Z97Tq
Cr. Notes Receivable RMB 6000000 >ciq4H43Q|
(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: \
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Dr. Non-operating Expenses RMB 3000000 e7qT;
Cr. Provisions RMB 3000000 T9$U./69-L
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 C{ti>'"V
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: u qyf3bK
Dr. Provisions RMB 3000000 ]SPB c
Cr. Cash in Bank RMB 2500000 ~H$XSNPi
Cr. Non-operating Income RMB 500000 e"2QV vB
Required: M ?3N
(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. ((5zwD
(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: SH(kUL5
(a)Inventory Turnover Rate in 20×8; \%C[l
(b)Gross Profit Ratio in 20×8; .( J/*H
(c)After Tax Return on Total Assets in 20×8; and j~8+,:
(d)Current Ratio as at December 31, 20×8 NV gLq@F
(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. <- ?B#
【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。 7^iAc6QSy3
以下是未经审计财务报表的部分信息: _qg6(
X
(单位:千元) joA+
项目 20×8 20×7 Jt)~h,68
营业收入 64 000 48 000 9?:S:Sq
营业成本 54 000 42 000 |.
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净利润 30 -20 BNy"YK$
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20×8年12月31日 20×7年12月31日 xHGoCFB
存货 16 000 12 000 p3S
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流动资产 60 000 50 000 "tR.'F[n4P
总资产 100 000 90 000 r#Mx~Zg~
流动负债 20 000 18 000 \PFx#
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总负债 30 000 25 000 $ {+.1"/[
在审计过程中,约翰发现以下事项: l#"alU!<^
(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: G4}q*&:k
借:银行存款5 820 000 ypd?mw&1}
财务费用 180 000 A1q^E(}O
贷:应收票据6 000 000 A!D:Kc3
(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: QdTe
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借:营业外支出 3 000 000 caP
贷:预计负债 3 000 000 *p3P\ H^5
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: 9X%Klm 5w
借:预计负债 3 000 000 9yh@_~
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贷:银行存款 2 500 000 nADd,|xD3
营业外收入 500 000 hkJZqUA
要求: =F&RQ}$
(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。 8x"d/D
(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: X{
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(a)20×8年存货周转率 78)^vvn5~
(b)20×8年销售毛利率 ]Yg EnZ
(c)20×8年总资产净利率 %Let AR
(d)20×8年12月31日的流动比率 3~Ln:4[6ID
(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) =M5M;
【答案】 &[RU.Q!_H
(1)应选择营业收入作为计算重要性水平的基础。 nrIL_
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 {*U:Wm<
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 GU3
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销售毛利率=(64000-54000)/64000×100%=15.63% 6\;1<Sw*
总资产净利率=30/[(100000+90000)/2]=0.03% f>dkT'4
流动比率=60000/20000=3 qfu2}qUX~%
(3) ku?_/-ko]
a.应建议做如下审计调整分录: pCc7T-"og
借:应收票据 6 000 000 2-0cB$W+
贷:短期借款 5 820 000 / yi :Q0
财务费用 180 000 ;#9|l=
b.应建议做如下审计调整分录: 6t:c]G'J
借:预计负债 3 000 000 m;f?}z_\$
贷:营业外支出 500 000 'cN#rHPB6
其他应付款 2 500 000 P@YL.'KU)