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)。 h~&5;
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: 7 /DDQ
(Expressed in RMB thousands) oi^pU
FINANCLAL STATEMENTS ITEMS ;@[ax{ J
20×8 BUla2p
20×7 DCSTp2
j5 W)9HW:
Sales G\r>3Ys
64000 $n<
X'7@0
48000 _w9:([_
?NUDHUn_
Cost of sales <r8s=<:
54000 M >s,I^
42000 DDU)G51>d
?)/&tk9.n
Net profit 0
|Rmb
30 ;J?zD9
-20 {gS7pY%_W
0tN/P+!|
"nn>I}jK
December 31, 20×8 ]y/!GFQ
December 31, 20×7 J|WkPv2
Ky[-ZQQo=5
Inventory 3*<~;Z' z4
16000 pQBhheiM
12000 4VlQN$
C;eM:v0A[
Current assets h%%dRi
60000 um
mkAeWb
50000 Q-$EBNz
:*E#w"$,j
Total assets 1n+JHXR\
100000 X}j_k=, C
90000 :=,lG ou
#,\qjY
Current liabilities 83gp'W{|
20000 N51RBA
18000 |gJI}"T
soB5sFt&]
Total liabilities +Zi@+|"BCN
30000 P}$DCD<$U
25000 J~1=?</
.c2Zr|X
)R9QJSe
During the audit, John has the following findings: mM;p 7
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(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: =%G<S'2'
Dr. Cash in Bank RMB 5820000 +Zo&c}
Dr. Financial Expenses RMB 180000 Qf(mn8
Cr. Notes Receivable RMB 6000000 orr6._xw
(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: SXm Hn.?
Dr. Non-operating Expenses RMB 3000000 :k7h"w
Cr. Provisions RMB 3000000 *D$Hd">X
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 '/H+
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: I?IAZa)
Dr. Provisions RMB 3000000 @G>Q(a*,
Cr. Cash in Bank RMB 2500000 q.g0Oz@z
Cr. Non-operating Income RMB 500000 xO` O$ie
Required: [(4s\c
(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. y6 _,U/9
(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: *u`[2xmuYf
(a)Inventory Turnover Rate in 20×8; |c5r&oM&m
(b)Gross Profit Ratio in 20×8; uf&Ke
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(c)After Tax Return on Total Assets in 20×8; and
6.
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(d)Current Ratio as at December 31, 20×8 C*1,aLSw
(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. K#<cuHGC
【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。 }O7b&G:nW
以下是未经审计财务报表的部分信息: ^SH8*7l7
(单位:千元) W_P&
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项目 20×8 20×7 n{v[mqm^
营业收入 64 000 48 000 ~xaPq=AH
营业成本 54 000 42 000 %Ut7%obpi
净利润 30 -20 @{y[2M} %]
| ?])]F
20×8年12月31日 20×7年12月31日 ZpTT9{PT=:
存货 16 000 12 000 ;wvhe;!
流动资产 60 000 50 000 )=c/{
总资产 100 000 90 000 @u}1 S1
流动负债 20 000 18 000 Yr9!</;T
总负债 30 000 25 000 5t&;>-A'?'
在审计过程中,约翰发现以下事项: 2wki21oY
(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: ?#rejA:
借:银行存款5 820 000 Y$ To)qo
财务费用 180 000 y&$v@]t1
贷:应收票据6 000 000 v*k}{M
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ekx~svcC&A
借:营业外支出 3 000 000 BVk&TGa;[$
贷:预计负债 3 000 000
mUW4d3tE
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: tE]0
#B)D<
借:预计负债 3 000 000 !uJDhC
贷:银行存款 2 500 000 :CJ]^v
营业外收入 500 000 |Q)c{9sD
要求: TUV&9wKXo
(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。 ndU<,{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: "0(
_
(a)20×8年存货周转率 eURj'8o),
(b)20×8年销售毛利率 I "<ACM
(c)20×8年总资产净利率 s;eOX\0
(d)20×8年12月31日的流动比率 hLf<-NM
(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) tEXY>=
【答案】 3"ii_#1
(1)应选择营业收入作为计算重要性水平的基础。 ui\yY3?
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 HMymoh$Q
Fs,#d%4 @%
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ClvqI"Rd
销售毛利率=(64000-54000)/64000×100%=15.63% k;bdzcMkQ
总资产净利率=30/[(100000+90000)/2]=0.03% ;m[-yqX
流动比率=60000/20000=3 Z* Fxr;)d
(3) CtO `t5
a.应建议做如下审计调整分录: / .ddx<
借:应收票据 6 000 000 #M5R>&?Jqz
贷:短期借款 5 820 000
@d]a#ypU
财务费用 180 000 7"c^$fj
b.应建议做如下审计调整分录: 9+o`/lk1
借:预计负债 3 000 000 2MapB
*
贷:营业外支出 500 000 *Fe
其他应付款 2 500 000 W"a% IO%'