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)。 :@jctH~
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: Pl/Xh03E
(Expressed in RMB thousands) k%gj
FINANCLAL STATEMENTS ITEMS v#{Nh8n
20×8 [ x+-N7
20×7 py7Zh%k
RiAg:
Sales Wap4:wT
64000 >3D1:0Sg
48000
ZqrS]i@$
]/Nt
Cost of sales xdbzpU
54000 aHu0z:
42000 "
{~FEx4
` Ny
(S2
Net profit [;I
E Z/ZX
30 bP-(N14x+
-20 ds+K7B$
@k;65'"Q
\Y"S4<"R
December 31, 20×8 @&m]:GR
December 31, 20×7 )t+pwh!8
&iw,||#
Inventory : 8>zo
16000 ]Xa]a}[uE
12000 KRlJKd{
>;Oa|G
Current assets cO{NiRIb
60000 ;taZixOH
50000 FJH>P\+
kSEA
Total assets % t,42jQ9
100000 |sr\SCx
90000 X=-= z5
X%s5D&gr
Current liabilities &Qda|
20000 _Zav Y<6
18000 Dti-*LB1
pD[&,gV$
Total liabilities X\!q8KEpR&
30000 H+I,c1sF
25000 Eh;Ia6}
A4(L47^
V C VqU
Cc
During the audit, John has the following findings: gzi=+oJ|4
(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: xib}E[-l#
Dr. Cash in Bank RMB 5820000 !]s=9(O
Dr. Financial Expenses RMB 180000 !NNPg?Y
Cr. Notes Receivable RMB 6000000 )G/=3;!
(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: 2X' H^t]7
Dr. Non-operating Expenses RMB 3000000 HLz<C
Cr. Provisions RMB 3000000 H#GR*4x
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 XelFGT E
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: ynra%"sd
Dr. Provisions RMB 3000000 +&"W:Le:
Cr. Cash in Bank RMB 2500000 QE"$Lc)
Cr. Non-operating Income RMB 500000 gmu.8
Required: >DY/CcG\P
(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. wT+60X'
(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: M6MxY\uM
(a)Inventory Turnover Rate in 20×8; "?k'S{;
(b)Gross Profit Ratio in 20×8; 2&'uO
'K
(c)After Tax Return on Total Assets in 20×8; and zx"EAF{
(d)Current Ratio as at December 31, 20×8 XdIno}pN
(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. `m1stK(PO
【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。 >h2qam
以下是未经审计财务报表的部分信息: M.5F|7
(单位:千元) l]DRJ
项目 20×8 20×7 B> i^ w1
营业收入 64 000 48 000 Us "G X_
营业成本 54 000 42 000 @.cord`
净利润 30 -20 b *|?7
o+OX^F0
20×8年12月31日 20×7年12月31日 xF) .S@
存货 16 000 12 000 |af<2(d
流动资产 60 000 50 000 ;
w%g*S
总资产 100 000 90 000 GPAC0K^p
流动负债 20 000 18 000 ^{yb4yQ
0
总负债 30 000 25 000 _`QME r?
在审计过程中,约翰发现以下事项: /:A239=+ ?
(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: Jt8M;Yk
借:银行存款5 820 000 oKSW:A
财务费用 180 000 &flcJ`
贷:应收票据6 000 000 >Gg[J=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: jc6~V$3
借:营业外支出 3 000 000 =#TQXm']Gi
贷:预计负债 3 000 000 <5]_u:
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 9|>y[i
借:预计负债 3 000 000 .O~rAu*K
贷:银行存款 2 500 000 -, =)O
营业外收入 500 000 b N>Ar
要求: /s)It
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Tz&cm=
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: D0f7I:i1
(a)20×8年存货周转率 tvzO)&)$
(b)20×8年销售毛利率 )}w-;HX
(c)20×8年总资产净利率 h;K9
}w
(d)20×8年12月31日的流动比率 ZMyd+C_P2
(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) QKz2ONV=)
【答案】 R'K /\
(1)应选择营业收入作为计算重要性水平的基础。
>>J!|
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ,,9vk \
,aWfGh#$
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 T^xp2cZ
销售毛利率=(64000-54000)/64000×100%=15.63% @J@bD+Q+0
总资产净利率=30/[(100000+90000)/2]=0.03% n!b*GXb\
流动比率=60000/20000=3 :]C\DUBo
(3) 0Z
%<H\Z
a.应建议做如下审计调整分录: wL0"1Ya
借:应收票据 6 000 000 ~;I{d7z,;
贷:短期借款 5 820 000 U/(R_U>=
财务费用 180 000 CA"`7<,
b.应建议做如下审计调整分录: Q%GLT,f1.
借:预计负债 3 000 000 S;vZXgyN?
贷:营业外支出 500 000 >273V+dy
其他应付款 2 500 000 hW cM.