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)。 a]1i/3/
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: Goj4`Hc
(Expressed in RMB thousands) E!aq?`-'!
FINANCLAL STATEMENTS ITEMS 2ALj}
20×8 RT"O;P
20×7 @)sc6
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vmKTF!;
Sales )
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64000 sT<{SmBF
48000 :'w?ye[e
J5T=!wF (
Cost of sales <q7s`,rG
54000 - s|t^
42000 h3J*1
xbC~C
~#
Net profit /{N))
30 0|2%# E
-20 jA2ofC
`I>], J/
R^9"N?Q7;`
December 31, 20×8 v+tO$QZ`
December 31, 20×7 $T*KaX\{B
P`sN&Y~m
Inventory s
piDm:Xe
16000 N&B>#:
12000 < EXWWrm
z\[(g
Current assets hCLk#_
60000 H!JWc'(<$
50000 Ck(.N
#J.u
Total assets A*Q[k 9B
100000 |!re8|JV_
90000 `9EVB;
P`!Ak@N
Current liabilities s<{GpWT8
20000 &^ceOV0+
18000 {gIEZ{
ew"m!F#
Total liabilities }9Qf #&o
30000 ~}%&p&
p
25000 7sN0`7
aa=b<Cd
Ij$)RSPtH
During the audit, John has the following findings: Q}z{AZ
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ~D!ESe*=
Dr. Cash in Bank RMB 5820000 <"ae4
Dr. Financial Expenses RMB 180000 ZX]A )5G
Cr. Notes Receivable RMB 6000000 ;7
"Y?*{
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: -t b;igv
Dr. Non-operating Expenses RMB 3000000 t!savp
Cr. Provisions RMB 3000000 q5gP~*?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 6+#,=!hF{
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: RD9Yk
Dr. Provisions RMB 3000000 1 ?]J;9p
Cr. Cash in Bank RMB 2500000 4`G=q^GL,
Cr. Non-operating Income RMB 500000 A xR\ned
Required: i\Q":4
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. DzmqR0)
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Vdy\4 nu(
(a)Inventory Turnover Rate in 20×8; }Y$VB%&Hy
(b)Gross Profit Ratio in 20×8; HqDa2q4
(c)After Tax Return on Total Assets in 20×8; and Q
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(d)Current Ratio as at December 31, 20×8 DUPmq!A
(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. " V/k<HRw
【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。 tQ6| PV
以下是未经审计财务报表的部分信息: OM
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(单位:千元) "#J}A0
项目 20×8 20×7 (aBP|rxg
营业收入 64 000 48 000 YL!oF^XO
营业成本 54 000 42 000 SFOQM*H
净利润 30 -20 fX$6;Ae
X
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20×8年12月31日 20×7年12月31日 .>oM
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存货 16 000 12 000 cG5
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流动资产 60 000 50 000 ;p .j
总资产 100 000 90 000 .>a$g7Rj
流动负债 20 000 18 000 L;kyAX@^
总负债 30 000 25 000 =1_j aDp
在审计过程中,约翰发现以下事项: 8*"rZh}'
(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: s>V*=#L
借:银行存款5 820 000 2%*|fF}I
财务费用 180 000 u'{sB5_H
贷:应收票据6 000 000 ~m
W>_[RT;
(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: WoJ]@Me8
借:营业外支出 3 000 000 wN$uX#W|
贷:预计负债 3 000 000 o(BYT9|.kw
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: M~#5/eRX
借:预计负债 3 000 000 :r[W'h_%
贷:银行存款 2 500 000 r]xdhR5
营业外收入 500 000 HL|0 d
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要求: 7=AO^:=bx
(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。 C3^X1F0
(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: $d5&~I
(a)20×8年存货周转率 `<bCq\+`
(b)20×8年销售毛利率 vBV"i9n
(c)20×8年总资产净利率 xXl$Mp7
(d)20×8年12月31日的流动比率 9?v)
(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) _dz:\v
【答案】 dVK@Fgo
(1)应选择营业收入作为计算重要性水平的基础。 NN?Bi=&9
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 t,UW&iLK
K1CMLX]m
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 t"4Rn<-
销售毛利率=(64000-54000)/64000×100%=15.63% 8j({=xbg&
总资产净利率=30/[(100000+90000)/2]=0.03% <%T%NjN
PQ
流动比率=60000/20000=3 Nj"_sA
p
(3) W"#j7p`d
a.应建议做如下审计调整分录: &L2`L)
借:应收票据 6 000 000 k)o7COx
贷:短期借款 5 820 000 axt6u)4%7:
财务费用 180 000 0^_)OsFA
b.应建议做如下审计调整分录: =W97|BIW,
借:预计负债 3 000 000 jCdZ}M($
贷:营业外支出 500 000 :z}~U3,JE
其他应付款 2 500 000 ZzwZ,(