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)。 Yosfk\D
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: eiQ42x@Z
(Expressed in RMB thousands) l@0${&n
FINANCLAL STATEMENTS ITEMS P0/Ctke;
20×8 MCAWn
H
20×7 d=0{vsrB
&. MUS
qo9
Sales Y?6}r;<
64000 ti^=aB
48000 25j?0P"&
=pBr_pGz=
Cost of sales q 2P_37
54000 m
X%T"_^
42000 t$3B#=
|'``pq/}_
Net profit :*ZijN*{)$
30 \UP=pT@
-20 ;@*<M\O
?
q_%
. H}R}^
December 31, 20×8 >0UY,2d
December 31, 20×7 e'sS",o*
Z,DSTP\|
Inventory 1k]L ,C
X
16000 CXBFR>"
12000 "A*;V
&Oc
`|r*
Current assets bcUSjG>
60000 AyNpY_B0c
50000 h$#PboLd
K 6yD64
Total assets 0 ;].q*|#
100000 8!b>[Nsc
90000 CTe!jMZ=
$:yI
e.F
Current liabilities wRZFBf~
:
20000 ^Kl*}
18000 E[i#8_
e)y+]
Total liabilities @ULd~
30000 WL|<xNL
25000 _kc}:
v cUGBGX_&
*&tTi
v{^
During the audit, John has the following findings: 3mHP=)
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: K^h9\<w
Dr. Cash in Bank RMB 5820000 Q-B/SX)!/
Dr. Financial Expenses RMB 180000 OrF.wcg
Cr. Notes Receivable RMB 6000000 4s9
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(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: nly}ly Q/
Dr. Non-operating Expenses RMB 3000000 e _(';Lk
Cr. Provisions RMB 3000000 v$xurj:v#i
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ]a`"O
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: ">M&/}4
Dr. Provisions RMB 3000000 `t\\O
Cr. Cash in Bank RMB 2500000 x:Q
$1&3N
Cr. Non-operating Income RMB 500000 K%W;-W*'
Required: ?LJiFG]^m
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. a*t @k*d_
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: /bn$@Cy@
(a)Inventory Turnover Rate in 20×8; -GMaK.4=
(b)Gross Profit Ratio in 20×8; yVQW|D0,j
(c)After Tax Return on Total Assets in 20×8; and >5E1y!
(d)Current Ratio as at December 31, 20×8 H )>3c
1
(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. `EfFyhG$
【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。 ESk:$`P
以下是未经审计财务报表的部分信息: B873UN
(单位:千元) ,c0t#KgQ.
项目 20×8 20×7 UCup {pDp
营业收入 64 000 48 000 "Ec9.#U/
营业成本 54 000 42 000 #C'E'g0
净利润 30 -20 h:|BQC
^QjkZ^<dD
20×8年12月31日 20×7年12月31日 U<r!G;^`
存货 16 000 12 000 O)DAYBv^
流动资产 60 000 50 000 M]M>z>1*v
总资产 100 000 90 000 `A5n6*A7
流动负债 20 000 18 000 .beqfcj"
总负债 30 000 25 000 :yE0DS<_
在审计过程中,约翰发现以下事项: \3]O?'
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: "',;pGg|K
借:银行存款5 820 000 >$yA
,N
财务费用 180 000 ho)JY
$#6
贷:应收票据6 000 000 i`Qa7
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: sxS%1hp3
借:营业外支出 3 000 000 c<lEFk!g
贷:预计负债 3 000 000 .XkD2~;
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: >y,. `ECn
借:预计负债 3 000 000 hrO9_B|#
贷:银行存款 2 500 000 Um4D
Vg5
营业外收入 500 000 @h_ bXo
要求: Sk C.A?
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 2s>BNWTU
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: "'GhE+>Z
(a)20×8年存货周转率 ._t1eb`m{
(b)20×8年销售毛利率 +Wgfxk'{
(c)20×8年总资产净利率 f& \Bs8la
(d)20×8年12月31日的流动比率 '/OQ[f=K
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) I-1NZgv
【答案】 fP6
.
(1)应选择营业收入作为计算重要性水平的基础。 ?RIf0;G
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 S{v]B_N[M
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Fa\jVFIQ
销售毛利率=(64000-54000)/64000×100%=15.63% )FmIL(v
u
总资产净利率=30/[(100000+90000)/2]=0.03% s? Xgo&rS_
流动比率=60000/20000=3 hg:$H9\%
(3) a1Q%Gn@R
a.应建议做如下审计调整分录: l]#=I7 6
借:应收票据 6 000 000 s[dIWYs#
贷:短期借款 5 820 000 &r*F+gL
财务费用 180 000 x]`@%8Sm
b.应建议做如下审计调整分录: 6`G8 UDK>F
借:预计负债 3 000 000 h{H*k#>
贷:营业外支出 500 000 Owgy<@C
其他应付款 2 500 000 ^u#iz