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)。 ~&0lWa
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: [PrJf"Z "
(Expressed in RMB thousands) kVWrZ>McK
FINANCLAL STATEMENTS ITEMS =*4^Dtp
20×8 Rp
zuSh
20×7 k?pNmKVJM
V[44aN
Sales WVyq$
p/V
64000 Q\~#cLJ/
48000 ]w)uo4<^J
<1sUK4nQ,
Cost of sales D_f:D^
54000 6(Cjak+~!
42000 _n*gj-
10dK%/6/O
Net profit O> wGJ.
30 ]~m=b`o
-20 ojWf]$^y}
s0Y7`uD^
<1V>0[[e
December 31, 20×8 >]bS"S
December 31, 20×7 0,LUi*10
i[U=-4 J
Inventory jN+2+P%OL
16000 2JHF*zvO-
12000 + L5
]w8h#
p
Current assets )]}68}9
60000 &M\qVL%w
50000 )6he;+
G)5Uiu:^X
Total assets A.P*@}9
100000 n
u>6UjV
90000 2Q/V D,yU
FZ%
WD@=
Current liabilities l~`JFWur]
20000 \y/0)NL\
18000 P_N},Xry
zt
)WX9
Total liabilities 0pe*DbYP5
30000 JZNvuP D
25000 ^\PNjj*C i
Sj'.)nz>
\
?k"AtL
During the audit, John has the following findings: # f{L;
(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: wlX
K2D
Dr. Cash in Bank RMB 5820000 P6ugbq[x#e
Dr. Financial Expenses RMB 180000 `MMZR=LA
Cr. Notes Receivable RMB 6000000 Gc!&I+kd
(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: iEBxBsz_
Dr. Non-operating Expenses RMB 3000000 YP}r15P
Cr. Provisions RMB 3000000 |VX0o2
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ~!dO2\X+
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: ^W
,x
Dr. Provisions RMB 3000000 w>#.id[k
Cr. Cash in Bank RMB 2500000 O6!:Qd
Cr. Non-operating Income RMB 500000 cT^x^%
Required: SL%
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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. \o!B:Vb<
(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: V_Y2 @4
(a)Inventory Turnover Rate in 20×8; O$&4{h`
(b)Gross Profit Ratio in 20×8; U| 1&=8l
(c)After Tax Return on Total Assets in 20×8; and w3oe.hWP3N
(d)Current Ratio as at December 31, 20×8 1\Vp[^#Vx
(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. ML_[Z_Q<z
【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。 ^F$iD (f
以下是未经审计财务报表的部分信息: ZltY_5l
(单位:千元) E@ !~q
项目 20×8 20×7 o7 X5{
营业收入 64 000 48 000 W#[3a4%m
营业成本 54 000 42 000 ![@\p5-e
净利润 30 -20 :j!N7c{
[;i3o?\_I
20×8年12月31日 20×7年12月31日 t.m C q4{
存货 16 000 12 000 k'Z$#
流动资产 60 000 50 000 gNo}\
lm4V
总资产 100 000 90 000 >!2d77I
流动负债 20 000 18 000 QW"BGg~6c
总负债 30 000 25 000 J|I&{
在审计过程中,约翰发现以下事项: q1
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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: v/DWy(CC
借:银行存款5 820 000 xYWg1e$k
财务费用 180 000 B6a
贷:应收票据6 000 000 |zSoA=7?
(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: E?P:!V=_
借:营业外支出 3 000 000 wrt^0n'r)c
贷:预计负债 3 000 000 %Nm69j-5%
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: Ej64^*
借:预计负债 3 000 000 H;eOrX{GT
贷:银行存款 2 500 000 ;*E
PAC+
营业外收入 500 000 'uA$$~1
要求: #~88[i-6
(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。 q\6ZmKGnT
(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: ZYX(Cf
(a)20×8年存货周转率 o5 eFLJ6
(b)20×8年销售毛利率 [6t!}q
(c)20×8年总资产净利率 k%?A=h
(d)20×8年12月31日的流动比率 vy330SQPo
(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) VN9C@ ;'$
【答案】 ,t_Fo-i7vI
(1)应选择营业收入作为计算重要性水平的基础。 -( ,iwFb
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ' fm}&0
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 gcfEJN4'
销售毛利率=(64000-54000)/64000×100%=15.63% 14v,z;HXj
总资产净利率=30/[(100000+90000)/2]=0.03% +'!vm6
流动比率=60000/20000=3 R+O[,UM^I~
(3) ${%*O}$
a.应建议做如下审计调整分录: S7
Tem:/
借:应收票据 6 000 000 F[SYs/M
贷:短期借款 5 820 000 w_!]_6%{b
财务费用 180 000 +b]+5!
b.应建议做如下审计调整分录: cU'^
Ja?%
借:预计负债 3 000 000 K+_$
WT_
贷:营业外支出 500 000 e7.!=R{6
其他应付款 2 500 000 %,M(-G5j;