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)。
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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: xM}lX(V!w
(Expressed in RMB thousands) {0F\Y+
FINANCLAL STATEMENTS ITEMS v.H00}[.
20×8 q:@$$}FjL
20×7 EaGh`*"w(7
szN`"Yi){
Sales E]V:@/(M'
64000 XzGPBi
48000 Q9=vgOW+
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Cost of sales ((F[]<?
54000 -Wc'k 2oU
42000 H Yt&MK
o,(MB[|hQ
Net profit O0Y/y2d
30 FI{9k(
-20 K0_/;a] |
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0\#uxzdhJ
December 31, 20×8 833KU_ N
December 31, 20×7 6=a($s!
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Inventory 6T0[
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16000 UO$z_
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12000 \xJT
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Current assets zk= 3L} C
60000 k ]C+/
50000 T(%U$ea-S
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Total assets $ KQ7S>T
100000 j*aN_UTr3
90000 F
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Current liabilities -I4-K%%B`
20000 5-lcz)DO
18000 v[WbQ5AND
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Total liabilities Yoi4R{9c
30000 4L\bT;dQ|.
25000 uCuXY#R+
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1^rODfY 0
During the audit, John has the following findings: l&cYN2T
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(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: {FyGh
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Dr. Cash in Bank RMB 5820000 }
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Dr. Financial Expenses RMB 180000 //*>p
Cr. Notes Receivable RMB 6000000 @q2If{Tk
(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: Z
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Dr. Non-operating Expenses RMB 3000000 aY7kl
Cr. Provisions RMB 3000000 !/O c)Yk
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 BoJ@bOe#
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: ];bB7+
Dr. Provisions RMB 3000000 yE L^Y'x?
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 Ga0=
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Required: ?rC^@)
(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. 7RNf)nz
(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: H)aeSF5
(a)Inventory Turnover Rate in 20×8; Z[:fqvXQ
(b)Gross Profit Ratio in 20×8; P<
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(c)After Tax Return on Total Assets in 20×8; and tAH,3Sz( /
(d)Current Ratio as at December 31, 20×8 d[;=X .fZ2
(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. Un\h[m
【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。 K|
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以下是未经审计财务报表的部分信息: n|
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(单位:千元) `vWFTv
项目 20×8 20×7 *fVs|
营业收入 64 000 48 000 &A>Hq/Y
营业成本 54 000 42 000 %m r
净利润 30 -20 >i=^Mh-bm
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20×8年12月31日 20×7年12月31日 44axOk!G[/
存货 16 000 12 000 E ?(+v
流动资产 60 000 50 000 xh
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总资产 100 000 90 000 FRpTYLA2
流动负债 20 000 18 000 3Tv;<hF
总负债 30 000 25 000 ]5b%r;_
在审计过程中,约翰发现以下事项: \v.16o bH
(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: |pk1pV
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借:银行存款5 820 000 @A6P[r
财务费用 180 000 * Zb-YA
贷:应收票据6 000 000 o =)hUr
(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: w8i"-SE
借:营业外支出 3 000 000 [H$37Hx!
贷:预计负债 3 000 000 Z'iXuI49
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: Q.:SIBP
借:预计负债 3 000 000 T.nY>Q8
贷:银行存款 2 500 000 /=co/}i
营业外收入 500 000 `h+ia/
要求: qXO@FW]
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 HH/bBM!
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 7@"J&><w!
(a)20×8年存货周转率 qD:3;85
(b)20×8年销售毛利率 `ro~l_U;A
(c)20×8年总资产净利率 KMZ:$H
(d)20×8年12月31日的流动比率 xJ H]>#XJ
(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) 9qxB/5d_
【答案】 .}
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(1)应选择营业收入作为计算重要性水平的基础。 \5.36Se
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 6c-y<J+&s
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 iW\cLp "
销售毛利率=(64000-54000)/64000×100%=15.63% ta\AiHm
总资产净利率=30/[(100000+90000)/2]=0.03% GQ~wx1jj1
流动比率=60000/20000=3 V~p/P
(3) _IiT
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a.应建议做如下审计调整分录: .T0w2Dv/
借:应收票据 6 000 000 D>wq4u
贷:短期借款 5 820 000 ;A)w:"m
财务费用 180 000 !C>}j* 4
b.应建议做如下审计调整分录: J*s!(J |Q
借:预计负债 3 000 000 Y(QLlJ*)/
贷:营业外支出 500 000 m~a'
其他应付款 2 500 000 ZaYux-0]kF