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)。 RvXK?mL4F
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: Z4VNm1qs
(Expressed in RMB thousands) zqJ0pDS
FINANCLAL STATEMENTS ITEMS vr2cDk{
20×8 Lnk(l2~U
20×7 |K(jXZ)
J
bR;E`8
Sales sQl`0|VH
64000 #^i.[7p
48000 |i~Ab!*8n
LFwRTY,G
Cost of sales hH.X_X?d%
54000 G?$0OU
42000 3q}fDM(@J
W`k||U9
Net profit q{RH/. l
30 yH<a;@C
-20 rfH'&k
!8jr $
T*3>LY+bb
December 31, 20×8 ^.?5!9U
December 31, 20×7 v{2euOFE
.5AyB9a%&
Inventory UB8TrYra
16000 \g;o9}@3~
12000 oY(q(W0ze
{3H)c^Q
Current assets }K3!ujvR
60000 _(zPA4q8q
50000 KEfx2{k b
5J vrQGvL
Total assets 77?D
~N[
100000 ZIr&_x#e
90000 lO+6|oF0
`=QRC.b
Current liabilities 0Z,a3)jcc
20000 "j*{7FBqk
18000 h8zl\
z]d2
rzV(_
Total liabilities +r<d z
30000 @w[2 BaDt
25000 9snc
*<
40i]I@:JK
[+8in\T i
During the audit, John has the following findings: #[LnDU8>9
(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: +BaZl<ZP1s
Dr. Cash in Bank RMB 5820000 hT
DFIYV
Dr. Financial Expenses RMB 180000 d) i64"
Cr. Notes Receivable RMB 6000000 }#D+}Mo!,
(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: S#[w).7
Dr. Non-operating Expenses RMB 3000000 {wq~+O
Cr. Provisions RMB 3000000 qh)10*FB
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 lXnzomU
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: 1[U`,(C1
Dr. Provisions RMB 3000000
O86[`,
Cr. Cash in Bank RMB 2500000 =_)yV0
Cr. Non-operating Income RMB 500000 8x /]H(J
Required: oEN^O:9e
(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. B K/_hNz
(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: ze_q+Z
(a)Inventory Turnover Rate in 20×8; ?P>3~3 B
(b)Gross Profit Ratio in 20×8;
p~bx
(c)After Tax Return on Total Assets in 20×8; and HA# 9y;\
(d)Current Ratio as at December 31, 20×8 lk/[xQ/
(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.
9Z!|oDP-
【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。 41oXOB
以下是未经审计财务报表的部分信息: z-g"`w:Lj
(单位:千元) }\Ri:&?
项目 20×8 20×7 &4}Uaxt)
营业收入 64 000 48 000 %Ix
营业成本 54 000 42 000 x<gP5c>zm
净利润 30 -20 QoBM2QYO
XtP5IN\S
20×8年12月31日 20×7年12月31日 Z6\H4,k&
存货 16 000 12 000 24b?6^8~k
流动资产 60 000 50 000 mYRsM s
总资产 100 000 90 000 ^0T DaZDLp
流动负债 20 000 18 000 wRsh@I<
总负债 30 000 25 000 P7D__hoE
在审计过程中,约翰发现以下事项: )wdTs>W7
(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: k[<Uxh%
借:银行存款5 820 000 JC#M,j2
财务费用 180 000 l1#F1q`^t
贷:应收票据6 000 000
f:u3fL
(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: Y)*:'&~2e
借:营业外支出 3 000 000 6t!PHA
贷:预计负债 3 000 000 WT_4YM\bz
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: UVz}"TRq.
借:预计负债 3 000 000 Q
*K31Ln
贷:银行存款 2 500 000 .sBwJZ
营业外收入 500 000 ^X\SwgD2w
要求: !L?diR
(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。 jn,_Ncd#
(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: efUa[XO
(a)20×8年存货周转率 BH3%dh:9
(b)20×8年销售毛利率 (@nEe?
(c)20×8年总资产净利率 RIV
+ _}R
(d)20×8年12月31日的流动比率 ~Kiu"
g
(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) sn-P&"q
【答案】 mK_2VZj&
(1)应选择营业收入作为计算重要性水平的基础。 #sHt3z)6I
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 3D^!U}E
6i7+.#s
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ;t\oM7J|
销售毛利率=(64000-54000)/64000×100%=15.63% RTQtXv6mD
总资产净利率=30/[(100000+90000)/2]=0.03% E=$li
流动比率=60000/20000=3 /+JHnedK
(3) >HL$=J_K?
a.应建议做如下审计调整分录: =tQ^t4_
借:应收票据 6 000 000 ZgI ?#e
贷:短期借款 5 820 000 7M, (!*b
财务费用 180 000 `&w{-om\
b.应建议做如下审计调整分录: P,W(9&KM
借:预计负债 3 000 000 _/[}PQC6G
贷:营业外支出 500 000 /^rJ`M[;
其他应付款 2 500 000 u6MHdCJ0y