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)。 \DYWy*pe
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: R@/"B8H
(Expressed in RMB thousands) 2/?`J
FINANCLAL STATEMENTS ITEMS )[PtaPWeT
20×8 8D>n1b(H
20×7 !B\R''J5
R%{a1r>9h
Sales /.3}aj;6
64000 lhYe;b(
48000 '9S8}q
q#T/
Cost of sales SLkhCR
54000 uehDIl0\[b
42000 @CTgT-0!
Fgp]l2*
Net profit
hM;lp1l
30 i&5XF
-20 E;Y;z
qT%FmX
&^#VN%
{
December 31, 20×8 2>cGH7EBD
December 31, 20×7 mzeY%A<0^
P*
w9,
Inventory <g1hxfKx5
16000 s!?`T1L
12000 $"FQj4%d
I(V!Mv8j
Current assets ]~aF2LJ_q
60000 Bk*F_>X"
50000 gu0j.XS^
=h0,?]z
Total assets Jth[DUH8H
100000 W8ouO+wK
90000 eO?p*"p" F
x c/}#>ED
Current liabilities g+pml*LJ
20000 .@(6 Y<dN
18000 Tw""}|] g
S 5/R_5
Total liabilities {[+mpKq
30000 9fhsIe
25000 *:Vq:IU[D
KVn []@#
YL]Z<%aKt
During the audit, John has the following findings: `8AR_7i
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: X$ s:>[H
Dr. Cash in Bank RMB 5820000 LcUh;=r}&
Dr. Financial Expenses RMB 180000 E^vJ@O
Cr. Notes Receivable RMB 6000000 .}O[dR
(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: hWD;jR
Dr. Non-operating Expenses RMB 3000000 sE:M@`2L
Cr. Provisions RMB 3000000 @JD;k>
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 \.-}adKg
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: GT0Of~?f
Dr. Provisions RMB 3000000 y+"X~7EX
Cr. Cash in Bank RMB 2500000 L3@82yPo!
Cr. Non-operating Income RMB 500000 ~]nSSD)\
Required: c(!6^qk]!`
(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. 8=NM|i
(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: 1JztFix
(a)Inventory Turnover Rate in 20×8; [co% :xJu
(b)Gross Profit Ratio in 20×8; ~GL]wF2#
(c)After Tax Return on Total Assets in 20×8; and - `p4-J!Fy
(d)Current Ratio as at December 31, 20×8 4lKq{X
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(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. Dey<OE&
【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。 _3TY,l~
以下是未经审计财务报表的部分信息: uTKD 4yig
(单位:千元) X*{2[+<o
项目 20×8 20×7 1Cgso`
营业收入 64 000 48 000 9f&C
营业成本 54 000 42 000 45,1-? -!
净利润 30 -20 n:yTeZ=-s4
vb<oi&X
20×8年12月31日 20×7年12月31日 KG|n
存货 16 000 12 000 mP0yk|
流动资产 60 000 50 000
59"UL\3
总资产 100 000 90 000 PIdikA
流动负债 20 000 18 000 TFkZp e;
总负债 30 000 25 000 /5Oa,NS7
在审计过程中,约翰发现以下事项: ki?S~'a
(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: g*03{l#P
借:银行存款5 820 000 Z0Vl+
财务费用 180 000 {^\+iK4bS
贷:应收票据6 000 000 jRJn+
(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: i}.&0Fp
借:营业外支出 3 000 000 y5*Z3"<
贷:预计负债 3 000 000 `w.n]TR
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: %oZ6l*
借:预计负债 3 000 000 _'{_gei_P
贷:银行存款 2 500 000 :h\Q;?
营业外收入 500 000 H!5\v"]WB
要求: s$Z
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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。 Gd-'Z_ b
(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: gMWjk7
(a)20×8年存货周转率 GO`Ru 8
(b)20×8年销售毛利率 ]:4*L
(c)20×8年总资产净利率 wt!nMQ
(d)20×8年12月31日的流动比率 $$Oey)*
(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) bpH^:fyLU`
【答案】 RS)tO0
(1)应选择营业收入作为计算重要性水平的基础。 =&ks)MH-
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Y
2n!>[[.
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 DW5Y@;[
销售毛利率=(64000-54000)/64000×100%=15.63% YKH\rN6X
总资产净利率=30/[(100000+90000)/2]=0.03% 5-aj2>=7
流动比率=60000/20000=3 W6?pswQ
(3) 6kpg+{;
a.应建议做如下审计调整分录: jQ2Ot <
借:应收票据 6 000 000 Fl kcU
`j
贷:短期借款 5 820 000 'gC_)rK*
财务费用 180 000 N/%WsQp
b.应建议做如下审计调整分录: %?}33yV
借:预计负债 3 000 000 v!<gY
m&
贷:营业外支出 500 000 [@J/eW
B
其他应付款 2 500 000 #gRM i)(F