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)。 QGN+f)
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: +3o
vO$g
(Expressed in RMB thousands) vA6`};|
FINANCLAL STATEMENTS ITEMS @lB{!j&q
20×8 i ;B^I8
20×7 gdIk%m4
+.Vh<:?
Sales "rMfe>;FJ
64000 l~$
)>?ZD
48000 [W
)%0lx
JWHsTnB
Cost of sales +pYgh8w@
54000 {XU!p: x
42000 syu/"KY^!
I'xc$f_+
Net profit [pU(z'caS
30 FWu:5fBZY
-20 P
4B|l:
3?D,
Wu
+E.
D:
December 31, 20×8 @vq)Y2)r\
December 31, 20×7 r(Sh
}"+"nf5h
Inventory B-g-T>8
16000 @95p [
12000 @7}XBg[pI
ou0TKE9
_
Current assets (+gTIcc
>
60000 =w`Mc\o "
50000 \JPMGcL
r)~?5d
Total assets 2|7:`e~h
100000 0WzoI2Q
90000 f\5w@nX
Mq~E'g4#
Current liabilities MR|A_e^x
20000 i'<hT
q4
18000 @~vg=(ic(
vRtERFL
Total liabilities gZ&4b'XS,
30000 &'`C#-e@
25000 oaha5aWH
^6# yL6E,~
i;pg9Vw
During the audit, John has the following findings: y#
\"yykB
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: mNC?kp
Dr. Cash in Bank RMB 5820000 1PxRj
Dr. Financial Expenses RMB 180000 6 w
d
Cr. Notes Receivable RMB 6000000 2Bi]t%<{
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ]2L11"erP
Dr. Non-operating Expenses RMB 3000000 0Gj/yra9MO
Cr. Provisions RMB 3000000 Z:^<NdKe
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 T$mT;k
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: \4qF3
#
Dr. Provisions RMB 3000000 o#"yFP1
Cr. Cash in Bank RMB 2500000 xj33g6S
Cr. Non-operating Income RMB 500000 M
&-p
Required:
=oXlJ[)h
(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. 8oUR/___
(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: u gRyUny
(a)Inventory Turnover Rate in 20×8; B (eXWWT_
(b)Gross Profit Ratio in 20×8; :*g$@T
(c)After Tax Return on Total Assets in 20×8; and +)h# !/
(d)Current Ratio as at December 31, 20×8 1\Bh-t
zB
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. gLSI?
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 8~qpOQX^V
以下是未经审计财务报表的部分信息:
~tTa[_ a!
(单位:千元) 2@T0QJ
项目 20×8 20×7 f
N{wP,jI
营业收入 64 000 48 000 [jNVk3
营业成本 54 000 42 000 T-n>+G{
净利润 30 -20 7#"y mE
_s-X5xU
20×8年12月31日 20×7年12月31日 m; =S]3P*
存货 16 000 12 000 3v$n}.
流动资产 60 000 50 000 6`7`h
erE}
总资产 100 000 90 000 o9ys$vXt*
流动负债 20 000 18 000 Z 9cb
总负债 30 000 25 000 orWF>o=1
在审计过程中,约翰发现以下事项: n9
bp0#K
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: xP9R
d/xa|
借:银行存款5 820 000 wmK;0 )|H
财务费用 180 000 zZ9Ei-Q
贷:应收票据6 000 000 dC4`xUv
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: gzK/ l:
借:营业外支出 3 000 000 EhD%
贷:预计负债 3 000 000
0n X5Vo
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 7^)yo#i4
借:预计负债 3 000 000 SANbg&$
贷:银行存款 2 500 000 _ZWU~38PM
营业外收入 500 000 U4a8z<l$
要求: #6y fIvap
(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。 %/U'Wu{*
(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: -
q)|I|y*7
(a)20×8年存货周转率 9]chv>dO)=
(b)20×8年销售毛利率 `nII@ !
(c)20×8年总资产净利率 e?XGv0^qu
(d)20×8年12月31日的流动比率 tOF8v8Hd
(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) l YdATM(h
【答案】 oQVm)Bn'R
(1)应选择营业收入作为计算重要性水平的基础。 W }Ll)7(|T
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Tz:,l$
pi;fu
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 }!*|VdL0
销售毛利率=(64000-54000)/64000×100%=15.63%
m-[xrVV
总资产净利率=30/[(100000+90000)/2]=0.03% t T
A
流动比率=60000/20000=3 ^eV K.
(3) 5^qs>k[mN
a.应建议做如下审计调整分录: DjZTr}%q
借:应收票据 6 000 000 ~y 2joStx
贷:短期借款 5 820 000 &RS)U72
财务费用 180 000 <|3F('Q"
b.应建议做如下审计调整分录: 0|hOoO]?q&
借:预计负债 3 000 000 $Zi{1w
贷:营业外支出 500 000 F_}y[Yn^
其他应付款 2 500 000 IAmMO[9H