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)。 2?*1~ 5~I
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: /Y ^7Rl
(Expressed in RMB thousands) #HcI4j:s!
FINANCLAL STATEMENTS ITEMS s @M
20×8 g Np-f
20×7 vj@V
!j?
>\-3P$
Sales }Ch[|D=Wd6
64000 ;G$)MS'nB
48000 o(SuU
GW
0XQ-
Cost of sales }-@I#9
54000
I_L;T
42000 M7pvxChA
|x[$3R1@
Net profit iDvpXn
30 D1~^\)*
-20 wO\!xW:
I9s$bRbT
=tP$re";o
December 31, 20×8 .hnF]_QQ
December 31, 20×7 K \m4*dOv
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Inventory {N@Y<=+:
16000 6g5]=Q@U:
12000 c; d"
XiA
o[H\{a>
Current assets u;{T2T
60000 ^8U6"O6|X
50000 [@s=J)H
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Total assets BfEx'C
100000 qIUC2,&g
90000 >T$7{
~
jS}'cm-
Current liabilities )[RpZpd`*
20000 >fhSaeN
18000 gtl;P_
AzW%+ LUD
Total liabilities ]b!R-G!gV
30000 (#lm#?<)
25000 olslzXn
7o
paUyS 1i
*%]+sU
During the audit, John has the following findings: F F(^:N
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ]
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Dr. Cash in Bank RMB 5820000 GZ}*r{
Dr. Financial Expenses RMB 180000 L_`Xbk y
Cr. Notes Receivable RMB 6000000 ^S:cNRSW"
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Ed8U;U b
Dr. Non-operating Expenses RMB 3000000 .Lp Nm'=R
Cr. Provisions RMB 3000000 W=(MsuirO
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 1XC*|
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: V&$ J;
Dr. Provisions RMB 3000000 `mWQWx$V!
Cr. Cash in Bank RMB 2500000 o4U]lK$
Cr. Non-operating Income RMB 500000 gA|!$EAM
Required: x*
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(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. yDDghW'\WU
(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: [Ja(ArO3|[
(a)Inventory Turnover Rate in 20×8; 4/ 0/#G#j
(b)Gross Profit Ratio in 20×8; @DUN;L 4
(c)After Tax Return on Total Assets in 20×8; and Nt?2USTs-
(d)Current Ratio as at December 31, 20×8 fB@K'JQG
(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. D6"~fjHh
【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。 {EZFx,@t
以下是未经审计财务报表的部分信息: 8-W"4)@b
(单位:千元) k,yc>3P;U
项目 20×8 20×7 :H~UyrN
营业收入 64 000 48 000 0]/,m4a#n
营业成本 54 000 42 000 pXGK:ceFu
净利润 30 -20 i,C0o
UA1]o5K
20×8年12月31日 20×7年12月31日 Mt]=v}z
存货 16 000 12 000 YY1{v?[
流动资产 60 000 50 000 d)pz
总资产 100 000 90 000 w+URCj
流动负债 20 000 18 000 Ki&WS<,0Z
总负债 30 000 25 000 f]{1ZU%4
在审计过程中,约翰发现以下事项: `ja`#%^\u
(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: $l0eI
借:银行存款5 820 000 ym-lT|>Z
财务费用 180 000 KY;uO 8Te
贷:应收票据6 000 000 YMd&To 0s
(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: (xjoRbU*
借:营业外支出 3 000 000 wliGds
贷:预计负债 3 000 000 5#N"WHz!
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: ({ :yw
借:预计负债 3 000 000 ^!-E`<jW8
贷:银行存款 2 500 000 RPofa+
营业外收入 500 000 {66Q" H"I
要求: ^59YfC<f
(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。 ;p?42rCIcl
(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: JI{OGr
(a)20×8年存货周转率 -&f]Xu
(b)20×8年销售毛利率 +8?R+0P
(c)20×8年总资产净利率 WOe{mwhhj
(d)20×8年12月31日的流动比率 {+9^PC_hm;
(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) }R?v"6aBS
【答案】 fF9;lWt
(1)应选择营业收入作为计算重要性水平的基础。 $;KQY7
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 A>ug'.
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 p4<M|1Z&
销售毛利率=(64000-54000)/64000×100%=15.63% 6_ 33*/>=c
总资产净利率=30/[(100000+90000)/2]=0.03% 5 O{Ip-
流动比率=60000/20000=3 %nG~u,_2f
(3) WsK"^"Z
a.应建议做如下审计调整分录: Q
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借:应收票据 6 000 000 a{%52B"
贷:短期借款 5 820 000 Ot4; ,UZ
财务费用 180 000 Rd;~'gbG
b.应建议做如下审计调整分录: :"y7Weh
借:预计负债 3 000 000 3f7t%
贷:营业外支出 500 000 !)l%EJngL
其他应付款 2 500 000 eKU@>5