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)。 #mV2VIX#Jv
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:
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(Expressed in RMB thousands) *RkUF!)(
FINANCLAL STATEMENTS ITEMS k;\gYb%L
20×8 ^E^`"
20×7 oC`F1!SfOO
$w(RJ/
Sales !Cgj
>=
64000 G&S2U=KdV%
48000 <AU*lLZ
FKO2UY#&7
Cost of sales 5G355 ,}E
54000 4jXo5SkEJ
42000 t7by OMC
i q`}c
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Net profit &
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30 PC9,;T&7_
-20 xM%4/QE+
)Qb,zS6
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December 31, 20×8 MtkU]XKGT
December 31, 20×7 X['9;1Xr
1AAyzAP9`
Inventory sD3ZZcy|=
16000 v+LJx
12000
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m*m),mZ"
Current assets jn^X{R\
60000 JP4DV=}L
50000 l.@1]4.
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Total assets Y,s EM%
100000 0O"W0s"T#
90000 DFMpU.BN W
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Current liabilities :|;@FkQ
20000 rpKZ>S|7+)
18000 >NUbk9}J4
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Total liabilities #,tT`{u1q
30000 r *K
25000 9JFN8Gf*)
! AwMD
M!,H0(@G
During the audit, John has the following findings: 2j+w5KvU
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: CNN9a7
Dr. Cash in Bank RMB 5820000 irQ'Rm[
Dr. Financial Expenses RMB 180000 :7K
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Cr. Notes Receivable RMB 6000000 wsmgkg
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: [rx9gOOa&
Dr. Non-operating Expenses RMB 3000000 _V$'nz#>e
Cr. Provisions RMB 3000000 uo`R
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 iTHwH{!
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: ~A>fB2.pM
Dr. Provisions RMB 3000000 *s4|'KS2o
Cr. Cash in Bank RMB 2500000 M">v4f&K1!
Cr. Non-operating Income RMB 500000 {JfQQP&FV
Required: ?W'z5'|
(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. Um+_S@h
(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: 9[qOfIny
(a)Inventory Turnover Rate in 20×8; aEN` `
(b)Gross Profit Ratio in 20×8; 2Wzx1_D"a
(c)After Tax Return on Total Assets in 20×8; and g`pq*D
(d)Current Ratio as at December 31, 20×8 n%3!)/$
(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. vzSb(
【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()r$T
以下是未经审计财务报表的部分信息: 4AJ] qu
(单位:千元) `4*I1WZW
项目 20×8 20×7 X9| Z?jJ
营业收入 64 000 48 000 NQqw|3
营业成本 54 000 42 000 jf3Zy:*K
净利润 30 -20 PIH\*2\/
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20×8年12月31日 20×7年12月31日 :^y!z1\2(7
存货 16 000 12 000 m4m-JD|v
流动资产 60 000 50 000 ZO/e!yju
总资产 100 000 90 000 uq3pk3
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流动负债 20 000 18 000 Y|R=^
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总负债 30 000 25 000 &>qUT]w
在审计过程中,约翰发现以下事项: ExG(*[l
(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: _%Z.Re
借:银行存款5 820 000 @V:K]M 5
财务费用 180 000 W^iK9|[qp
贷:应收票据6 000 000 kQ>2W5o-d-
(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: `%Fp'`ZM$8
借:营业外支出 3 000 000 <ww D*t
贷:预计负债 3 000 000 p-$C*0{
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: Ovt]3`U9J
借:预计负债 3 000 000 4.,EKw3
贷:银行存款 2 500 000 PMP{|yEx"
营业外收入 500 000
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要求: (
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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。 1>e30Ri,g
(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: 65aYH4"
(a)20×8年存货周转率 i\CA6I
(b)20×8年销售毛利率 2_pF#M9
(c)20×8年总资产净利率 c=u+X`
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(d)20×8年12月31日的流动比率 LtB5;ByeQ0
(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) ZFLmD|q#{
【答案】 p8,=K<
(1)应选择营业收入作为计算重要性水平的基础。 nWsRauY
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =b%f@x_U1
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 M
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销售毛利率=(64000-54000)/64000×100%=15.63% CzV;{[?~;
总资产净利率=30/[(100000+90000)/2]=0.03% PzPNvV/o
流动比率=60000/20000=3 i$y=tJehi
(3) {jD?obs
a.应建议做如下审计调整分录: [<=RsD_q~
借:应收票据 6 000 000 _YX% M|#
贷:短期借款 5 820 000 Ij(dgY
财务费用 180 000 <pk*z9
b.应建议做如下审计调整分录: /D"T\KNWr
借:预计负债 3 000 000 [6TI_U~
贷:营业外支出 500 000 eY3:Nl^
其他应付款 2 500 000 4(\1z6?D