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)。 kf-/rC)>
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: 0(h'ZV
(Expressed in RMB thousands) -egu5#d>
FINANCLAL STATEMENTS ITEMS Y(97},
20×8 m2r%m
y
20×7 JANP_b:t
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Sales :/6gGU>pu
64000 TM*<hC
48000 ;e#bl1%#
IA(+}V
Cost of sales y0b FzR9
54000 U66}nN9
42000 y^tp^
;sZHE&+
Net profit RI0+9YJ
30 g|
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-20 >=!$(JgX
PTf.(B"z
SHt#%3EU
December 31, 20×8 f<K7m
December 31, 20×7 <f/wWu}
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Inventory 0Ik}\lcn
16000 2I
qvd
12000 @;T?R
w@Gk#
Current assets @K}8zMmW#
60000 d\{a&\v
50000 *=~X1s
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Total assets -_xC,dwK
100000 TkjPa};R
90000 1Yb9ILX[J
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Current liabilities v>]^wH>/"
20000 z ;KUIWg
18000 WC
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Total liabilities a8[Q1Fa4|
30000 `ek On@T0
25000 O:86*
_0c$SK
Da WzQe=
During the audit, John has the following findings: S&w(H'4N
(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: /@~&zx&_
Dr. Cash in Bank RMB 5820000 Pln*?o
Dr. Financial Expenses RMB 180000 `h+1u`FJ
Cr. Notes Receivable RMB 6000000 Ze>Pg.k+
(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: ukH?O)0O
Dr. Non-operating Expenses RMB 3000000 ;rJ
Cr. Provisions RMB 3000000 GP,xGZZ
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Qx% ]u8s
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: r")zR,
Dr. Provisions RMB 3000000 cojbuo
Cr. Cash in Bank RMB 2500000 !YJ^BI
Cr. Non-operating Income RMB 500000 | Sf` Cs
Required: 4 fxD$%9
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. D8I)3cXa'
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: W2([vRT
(a)Inventory Turnover Rate in 20×8; W=)wiRQm
(b)Gross Profit Ratio in 20×8; \mt>R[
(c)After Tax Return on Total Assets in 20×8; and 5NECb4FG
(d)Current Ratio as at December 31, 20×8 `+go|
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(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. :.,3Zw{l
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 NA`EG,2
以下是未经审计财务报表的部分信息: /^>yDGT,0
(单位:千元) 1>1ii
项目 20×8 20×7 0XNj!^&
营业收入 64 000 48 000 B hnwb0b<
营业成本 54 000 42 000 <fLk\
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净利润 30 -20 }hjJt,m
b2vc
20×8年12月31日 20×7年12月31日 {=K u9\
存货 16 000 12 000 VSI.c`=,
流动资产 60 000 50 000 9+sOSz~
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总资产 100 000 90 000 +^6v%z
流动负债 20 000 18 000 .$,.w__m~
总负债 30 000 25 000 !Ci\Zg
在审计过程中,约翰发现以下事项: jt/
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(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: ?8LRd5LH
借:银行存款5 820 000 yv!,iK9
财务费用 180 000 G3G"SJ np
贷:应收票据6 000 000 yfD)|lK
(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: vj:hMPC
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借:营业外支出 3 000 000 H@8g 9;+
贷:预计负债 3 000 000 bof{R{3q
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: G)E#wh_S^
借:预计负债 3 000 000 %Jr6pmc
贷:银行存款 2 500 000 jKcnZu
营业外收入 500 000 Je6=N3)
要求: gl4|D
(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。 4IIXzMOa
(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: o5N];Nj
(a)20×8年存货周转率 32flOi:
(b)20×8年销售毛利率 @zJhJ'~Sl
(c)20×8年总资产净利率 w]{NaNIeq1
(d)20×8年12月31日的流动比率 TZ7{cekQ
(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) Q(}TN,N
【答案】 R":nG7o
(1)应选择营业收入作为计算重要性水平的基础。 ~la=rh3
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 tN
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86
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销售毛利率=(64000-54000)/64000×100%=15.63% Ge|& H]W
总资产净利率=30/[(100000+90000)/2]=0.03% jaAv_=93f
流动比率=60000/20000=3 I]`>m3SJ
(3) NAj1ORy4pX
a.应建议做如下审计调整分录: GLe(?\Ug=
借:应收票据 6 000 000 'U)|m
贷:短期借款 5 820 000 C/Ig.KmXF{
财务费用 180 000 27vLI~
b.应建议做如下审计调整分录: ><X!~by
借:预计负债 3 000 000 EX[X|"r
贷:营业外支出 500 000 2&W(@wT$
其他应付款 2 500 000 N[j7^q7Xt