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)。 @-O%u*%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: ,d8*7my
(Expressed in RMB thousands) 3o_@3-Y%
FINANCLAL STATEMENTS ITEMS Rab7Y,AA
20×8 YF)c.Q0
20×7 \*30E<;C_
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Sales Qt=OiKZ
64000 ^:ehG9
48000 %p^`,b}
-8sB\E
Cost of sales c,5yH
54000 F7`[r9 $
42000 Ne}x(uRn
\WM"VT
Net profit D|/
4),v
30 o_.`&Q6n
-20 Gp1?drF6
>8gb/?z
P5Pb2|\*
December 31, 20×8 Q'Y7PG9m~
December 31, 20×7 <a&$D
X>Y>1fI.
Inventory 2Gn26L5
16000 }IV=qW,
12000 Y".4."NX
k}e~xbh-y
Current assets ;_A
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60000 ,UW!?}@
50000 xDn#=%~+x
;x-]1 xx_
Total assets 9@ :QBe3]
100000 "E7YCZQR
90000 jR^_1bu
KH9D},
Current liabilities JQA]O/|N
20000 -~^sSLrbP
18000 "Pzh#rYY~W
qyR}|<F8*
Total liabilities D8)6yPwE
30000 LDj*~\vsq
25000 8]l(D
@gjA8mL
@"/:Omh
During the audit, John has the following findings: c{})Z=
(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: /(DnMHn\
Dr. Cash in Bank RMB 5820000 ]Tn""3#1g
Dr. Financial Expenses RMB 180000 IkgRZ{Y
Cr. Notes Receivable RMB 6000000 }k_'a^;C1
(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: >]ZW.?1h
Dr. Non-operating Expenses RMB 3000000 X`fer%`
Cr. Provisions RMB 3000000 G@o\D-
$
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 d,0Klew
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: !OMl-:KUzE
Dr. Provisions RMB 3000000 x]~&4fp
Cr. Cash in Bank RMB 2500000 0uJ??4N9
Cr. Non-operating Income RMB 500000 3NN)ql
Required: (E7C
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(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. +*x9$LSD
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: uevhW
(a)Inventory Turnover Rate in 20×8; jXYjs8Iy
(b)Gross Profit Ratio in 20×8; 6-f-/$B
(c)After Tax Return on Total Assets in 20×8; and +RyV"&v
(d)Current Ratio as at December 31, 20×8 1n~^@f#`
(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. sv+6#
【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。 g\G}b
以下是未经审计财务报表的部分信息: LMI7Ih;
(单位:千元) PySFhb@
项目 20×8 20×7 QQ./!
营业收入 64 000 48 000 MCl-er"]D
营业成本 54 000 42 000 %(:{TR
净利润 30 -20 fY!9i5@'
* 5(%'3
20×8年12月31日 20×7年12月31日 7
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存货 16 000 12 000 -b=Aj8h
流动资产 60 000 50 000 t/h,-x
总资产 100 000 90 000
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流动负债 20 000 18 000 96<0=
总负债 30 000 25 000 a.fdCI]%
在审计过程中,约翰发现以下事项:
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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: /?u]Fj
借:银行存款5 820 000 #E#Fk3-ljQ
财务费用 180 000 kQO-V
4z!
贷:应收票据6 000 000 2Wr^#PY60
(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: 5'n$aFqI
借:营业外支出 3 000 000 'q1cc5(ueV
贷:预计负债 3 000 000 Fmzkbt~oe
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: zEi\#Zg$
借:预计负债 3 000 000 6bT>
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贷:银行存款 2 500 000 UHBMl>~z
营业外收入 500 000 !HKW_m^3J
要求: zEYQZywc
(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。 0N_u6*@
(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: 5 TLE%#G@+
(a)20×8年存货周转率 3(_:"?x A
(b)20×8年销售毛利率 Uz%2{HB@{
(c)20×8年总资产净利率 $0Un'"`S
(d)20×8年12月31日的流动比率 ~%@1-
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) #?'@?0<6
【答案】 g1~wg$`S8S
(1)应选择营业收入作为计算重要性水平的基础。 -x-EU#.G
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 I/go$@E"
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 o,{]<Sm
销售毛利率=(64000-54000)/64000×100%=15.63% 5),&{k!
总资产净利率=30/[(100000+90000)/2]=0.03% LR3>_t
流动比率=60000/20000=3 0 KA@]!
(3) hP$5>G(3
a.应建议做如下审计调整分录: Wu'9ouw!
借:应收票据 6 000 000 YmLpGqNv
贷:短期借款 5 820 000 &FWz7O>1
财务费用 180 000 <TgVU.*
b.应建议做如下审计调整分录: NKl`IiGv
借:预计负债 3 000 000 u@t~*E5BpM
贷:营业外支出 500 000 2x~Pq_?y
其他应付款 2 500 000 "iUh.c=0F,