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)。 PM*lnd#J
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: ++2a xRl
(Expressed in RMB thousands) 1q'_J?Xmd
FINANCLAL STATEMENTS ITEMS LZ#A`&qUd
20×8 2s2KI=6
20×7 =2Ju)!%wr
1
=?pL$+G
Sales (O ;R~Io
64000 }0R"ZPU1Rw
48000 b0f6?s
j.Y!E<e4]
Cost of sales gd3MP^O1
54000 AJ
0Bb7
42000 &}gH!5L m
L_Z`UhD3{
Net profit }`whg8 fZ
30 :^7
_E&
-20 B%Oi1bO
Jv2V@6a(
bA
Y>o
December 31, 20×8 *[nS*D\:
December 31, 20×7 :@~3wD[y
Pw|/PfG
Inventory ),;h
16000 ;X
Y#Jl>tg
12000 >taT
V_,
ld~*w
Current assets
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60000 PClwGO8'&
50000 A}!D&s&UH
ohXbA9&(x
Total assets F8m@mh*8>
100000 ,J*#Ixe}
90000 1
xr mmK
qB3&F pgW
Current liabilities ^sZHy4-yK#
20000 {flxZ}
18000 _#U hXXD
2\}6b4
Total liabilities &)Wm rF
30000 YWhS< }^
25000 A-hWg;
mnMY)-6C
>m9ge`!9
During the audit, John has the following findings: %gEfG#S
(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: ?IG+U TI
Dr. Cash in Bank RMB 5820000 [aC2ktI
Dr. Financial Expenses RMB 180000 h8SK8sK<
Cr. Notes Receivable RMB 6000000 5[qx5|O
(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: \ U`rF
Dr. Non-operating Expenses RMB 3000000 a67NWH
Cr. Provisions RMB 3000000 ~f2-%~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =dC5q{
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:
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Dr. Provisions RMB 3000000 0Ioa;XgOn
Cr. Cash in Bank RMB 2500000 EJrQ9"x&n
Cr. Non-operating Income RMB 500000 z 2V_nkI
Required: V,9UOC,Gn
(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. Y6%O 9b
(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: ^nL_*+V`f
(a)Inventory Turnover Rate in 20×8; my3W [3#
(b)Gross Profit Ratio in 20×8; {,m W7
(c)After Tax Return on Total Assets in 20×8; and 5@Lz4 `
(d)Current Ratio as at December 31, 20×8 oY%NDTVN
(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. ~_L_un.R
【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。 ;l b@o,R :
以下是未经审计财务报表的部分信息: Q,f5r%A.
(单位:千元) G0h7MO%x
项目 20×8 20×7 w0t||qj^>"
营业收入 64 000 48 000
OGO4~Up
营业成本 54 000 42 000 93N:?B9
净利润 30 -20 ;,]Wtmu)7
\xaK?_hv
20×8年12月31日 20×7年12月31日
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存货 16 000 12 000 F0 FF:><
流动资产 60 000 50 000 A[oxG;9xi
总资产 100 000 90 000 E^jb#9\R
流动负债 20 000 18 000 ?\Jl] {i2
总负债 30 000 25 000 {7X80KI
在审计过程中,约翰发现以下事项: AA,n.;zy<
(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: q>ps99[=
借:银行存款5 820 000
nz]+G2h
财务费用 180 000 -z4pI=
贷:应收票据6 000 000 /v:+
vh*mS
(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: Q<pL5[00fD
借:营业外支出 3 000 000 |P]>[}mD
贷:预计负债 3 000 000 .),m7"u|
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: :AB$d~${M>
借:预计负债 3 000 000 F.JvMy3
贷:银行存款 2 500 000 "o[j'
营业外收入 500 000 7fJWb)z!k
要求: oos7x6
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 RI_3X5.KQ
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: *7o(
(a)20×8年存货周转率 cA4xx^~
(b)20×8年销售毛利率 #4*~ 4/
(c)20×8年总资产净利率 Z tfPB
(d)20×8年12月31日的流动比率 %<8lLRl
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 3Ga!)
【答案】 poYO
(1)应选择营业收入作为计算重要性水平的基础。 u>.qhtm[
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 @
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 1yN/+Rq
销售毛利率=(64000-54000)/64000×100%=15.63% 0Y9\,y_
总资产净利率=30/[(100000+90000)/2]=0.03% i7w>Nvj]
流动比率=60000/20000=3 LMrb
1lg$
(3) Q_F8u!qrZ
a.应建议做如下审计调整分录: Hb;#aXHSd
借:应收票据 6 000 000 $;dSM<r
贷:短期借款 5 820 000 >\ :kP>U
财务费用 180 000 b}9Ry"
b.应建议做如下审计调整分录: *s9
+
借:预计负债 3 000 000 (W|Eg
贷:营业外支出 500 000 {?
jr
其他应付款 2 500 000 M38QA