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)。 5HV+7zU5
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: #Ir?v
(Expressed in RMB thousands) Coe/ 4!$M
FINANCLAL STATEMENTS ITEMS m\0_1 #(
20×8 ()l3X.t,$
20×7 7
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Sales qrlC
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64000 71{jedT
48000 |50sGJE(
kt978qfk
Cost of sales 3wq<@dRv4
54000 #6<1
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42000 za@/4z
V9BW@G@9
Net profit h7UNmwj
30 >9dD7FH
-20 l
t&(S)
KddCR&
_o$jk8jOjW
December 31, 20×8 j/*1zu8Y
December 31, 20×7 \toU zTT
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Inventory \}?X5X>
16000 WqCC4R,-
12000 |2u=3#Jp
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Current assets #Or;"}P>fB
60000 S-7&$n
50000 /D3{EjUE=
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Total assets T+F]hv'
100000 f|~ {j(.v
90000 7PX`kI
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Current liabilities
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20000 w>&*-}XX
18000 WQ.0} n}d
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Total liabilities Z,.Hz\y1D
30000 .+/d08]
25000 J{1H$[W~}
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During the audit, John has the following findings: c>B1cR
(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: V}#X'~Ob
Dr. Cash in Bank RMB 5820000 00QJ596
Dr. Financial Expenses RMB 180000 P9
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Cr. Notes Receivable RMB 6000000 @i1e0;\
(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: }oRBQP^&K
Dr. Non-operating Expenses RMB 3000000 [8i)/5D4
Cr. Provisions RMB 3000000 %M@K(Qu
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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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: FQDf?d5
Dr. Provisions RMB 3000000 fORkH^Y(&
Cr. Cash in Bank RMB 2500000 FvxM
Cr. Non-operating Income RMB 500000 bP&QFc
Required: kt/,& oKI
(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. k2U*dn"9U
(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: XVYFyza;
(a)Inventory Turnover Rate in 20×8; (90/,@66l
(b)Gross Profit Ratio in 20×8; X g6ezlW
(c)After Tax Return on Total Assets in 20×8; and "La;$7ds
(d)Current Ratio as at December 31, 20×8 $oK&k}Q
(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. FmL]|~
【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。 |`5IP8Z
以下是未经审计财务报表的部分信息: F)LbH&Kn
(单位:千元) 8b2 =n
项目 20×8 20×7 hz
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营业收入 64 000 48 000 gsk?
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营业成本 54 000 42 000 h+FM?ct6}
净利润 30 -20 <1D|TrP
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20×8年12月31日 20×7年12月31日 u5(8k_7
存货 16 000 12 000 -zR
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流动资产 60 000 50 000 \HfAKBT
总资产 100 000 90 000 !@ ^6/=
流动负债 20 000 18 000
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总负债 30 000 25 000 ]:|B).
在审计过程中,约翰发现以下事项: r7m~.M+W"
(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: fK J
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借:银行存款5 820 000 g'(bk@<BP
财务费用 180 000 ;o_F<68QP
贷:应收票据6 000 000 :!%V Sem
(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: 2%W;#oi?
借:营业外支出 3 000 000 g^'h4qOa
贷:预计负债 3 000 000 gxv^=;2C
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: 35<A:jKS
借:预计负债 3 000 000 b(Nv`'O
贷:银行存款 2 500 000 e8F]m`{_"
营业外收入 500 000 $TI^8 3
要求: >HP
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 R6+)&:Ab{R
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: m8q4t,<J
(a)20×8年存货周转率 1)ue-(o5
(b)20×8年销售毛利率 i5VZ,E^E
(c)20×8年总资产净利率 pHV^Kv#
(d)20×8年12月31日的流动比率 _%w680b'
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) S
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【答案】 Re$h6sh
(1)应选择营业收入作为计算重要性水平的基础。 bdg6B7%Q
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 !+GYu;_
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Bm$|XS3cD
销售毛利率=(64000-54000)/64000×100%=15.63% IiU> VLa
总资产净利率=30/[(100000+90000)/2]=0.03% 7' G;ijx
流动比率=60000/20000=3 xE/?ncTK^
(3) XUqorE
a.应建议做如下审计调整分录: |N.2iN:
借:应收票据 6 000 000 m=dNJF
贷:短期借款 5 820 000 QJ|@Y(KV0
财务费用 180 000 De?VZ2o9"
b.应建议做如下审计调整分录: hyI7X7Hy
借:预计负债 3 000 000 k^J8 p#`6
贷:营业外支出 500 000 i}-uK,^
其他应付款 2 500 000 a>wCBkD