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)。 '
x|B'
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: ) Ez=#dIq
(Expressed in RMB thousands) wTLHg2'y^
FINANCLAL STATEMENTS ITEMS _ h
#G-
20×8 -$*YN{D+
20×7 !&X}?NK
PGJ?=qXr#
Sales k0,~wn\#h
64000 LY"/ Q
48000 0&Qn7L
8d]=
+n!
Cost of sales 6Rso}hF}}
54000 tC&Xm}:
42000 #nnP.t m
umj7-fh
Net profit uE>}>6)b
30 5 p750`n
-20 VFyt9:a
R8axdV9(
N$.''D?7D
December 31, 20×8 edm&,ph]
December 31, 20×7 e3[N#ryt
Z)HQlm
Inventory -y~JNDS1]
16000 ,ihTEw,t(
12000 4Hu.o 7
5dhRuc
Current assets ^<<
Wqmx
60000 &u8BGMl2
50000 ]+oPwp;il
{8E
hC/=
Total assets \
2T@]!n
100000 ^ c:(HUo#
90000 \!-X&ws
~;{)S}U@R
Current liabilities W}KtB1J
20000 ' e-FJ')|
18000 %lvSO/F+
[IMa0qs'
Total liabilities !X8:#a(
30000 #T+%$q [:
25000 jn]{|QZ
W8\K_M}
{BgGG@e
During the audit, John has the following findings: ,]>Eg6B,u
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: :?&N/7
Dr. Cash in Bank RMB 5820000 b"p,~{
Dr. Financial Expenses RMB 180000
?QZ\KY
Cr. Notes Receivable RMB 6000000 FFPO?y$
(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: D=e&"V a
Dr. Non-operating Expenses RMB 3000000 A|jaWZM-
Cr. Provisions RMB 3000000 4e9mN~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 :H6Ipa
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: %3Y&D]
Dr. Provisions RMB 3000000 7j5 l?K-
Cr. Cash in Bank RMB 2500000 s fazrz`h
Cr. Non-operating Income RMB 500000 >0{{loqq
Required: +DksWbD
(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. P#6y
(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: i9_ZK/*
(a)Inventory Turnover Rate in 20×8; nx=Zl:Q}
(b)Gross Profit Ratio in 20×8; Q[S""P.Z|
(c)After Tax Return on Total Assets in 20×8; and &c0U\G|j
(d)Current Ratio as at December 31, 20×8 fH>]>2fS
(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. <kt,aMw[*
【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。 {3'z}q
以下是未经审计财务报表的部分信息: 7\eN8+
(单位:千元) ?~;G)5
项目 20×8 20×7 ]7Tjt A.\q
营业收入 64 000 48 000 ]V?\Qv/.=
营业成本 54 000 42 000 !|hv49!H
净利润 30 -20 MJb!+E+
crUt8L-B4
20×8年12月31日 20×7年12月31日 g6+}'MN:5
存货 16 000 12 000 $#1i@dI
流动资产 60 000 50 000 ?$v#;n?@I
总资产 100 000 90 000 #"=_GA^.{
流动负债 20 000 18 000 6I"Q9(
总负债 30 000 25 000 Ag^Cb'3X
在审计过程中,约翰发现以下事项: #toKT_
(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: 6MqJy6
借:银行存款5 820 000 tUH#%
财务费用 180 000 4#!NVI3t
贷:应收票据6 000 000 1@im+
R?a
(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: w-pdpbHV
借:营业外支出 3 000 000 kK>PFk(
贷:预计负债 3 000 000 .|;`qUo
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: XzIhFX6
借:预计负债 3 000 000 $d'GCzYvZ
贷:银行存款 2 500 000 T]Pp\6ff
营业外收入 500 000 IMpEp}7
要求: _0<qS{RW
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 0ZlF#PJA
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: y".uu+hL`
(a)20×8年存货周转率 =rFgOdj
(b)20×8年销售毛利率 |MY6vRJ(
(c)20×8年总资产净利率 4Bsx[~ u&
(d)20×8年12月31日的流动比率 3~iIo&NZ
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 8HS1^\~(6l
【答案】 !7]4sXL{
(1)应选择营业收入作为计算重要性水平的基础。 -L}crQl.'c
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 h/W@R_Y
9l5l"Wj&
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 p(f
YpD
销售毛利率=(64000-54000)/64000×100%=15.63% ?KDI'>"-v
总资产净利率=30/[(100000+90000)/2]=0.03% #XE`8$
流动比率=60000/20000=3 *W~+Nho.A
(3) 4{7O}f
a.应建议做如下审计调整分录: *"2TT})
借:应收票据 6 000 000 v,#*%Gn`%
贷:短期借款 5 820 000 yS%IE>?
财务费用 180 000 ep* (
b.应建议做如下审计调整分录: /~Zxx}<;
借:预计负债 3 000 000 zc%#7"FM
贷:营业外支出 500 000 GSj04-T"
其他应付款 2 500 000 gpB3\