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)。 $MD|YW5
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: ^%l~|w
(Expressed in RMB thousands) V^fSrW]
FINANCLAL STATEMENTS ITEMS >^}nk04
20×8 Ncr38~;w
20×7 "^E/N},%u5
)D\cm7WX^[
Sales <YX)am'\y
64000 0I_A$Z,x
48000 w{uqy]
bl@0+NiM
Cost of sales E*V UP5E
54000 #;FHyKx
42000 x xxM
jO
xH'1I
Net profit YI05?J}
30 s`"o-w\$>
-20 Pw:(X0@
sute%6yM
o=i)s2
December 31, 20×8 %-ih$ZY
December 31, 20×7 /3|uU
v~^c-]4I
Inventory 6J. [9#
16000 s/ [15
12000 o('W2Bs-o
P<P4*cOV
Current assets iC-WQkQY
60000 K..L8#SC
50000 m NkS!(L6
ly`p)6#R=
Total assets MQ;c'?!5[!
100000 0v6(A4Y
90000 v&g(6~b_>
2q}M1-^
Current liabilities Cb}hE
ro
20000 48X;
'b,h
18000 (I3:u-A
c\GJfsVk
Total liabilities Mazjn?f
30000 BLxtS
25000 &1O[N*$e
_Eq*
;)Rvk&J5
During the audit, John has the following findings: _r!''@B
(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: A:Y]
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Dr. Cash in Bank RMB 5820000 oXw} K((|
Dr. Financial Expenses RMB 180000 U9:?d>7
Cr. Notes Receivable RMB 6000000 2`4'Y.Qf
(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: $47cKit|k:
Dr. Non-operating Expenses RMB 3000000 z_fR?~$N2
Cr. Provisions RMB 3000000 ?DP]#9 /4
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 b_88o-*/
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: hpJ[VKe
Dr. Provisions RMB 3000000 R_4]6{Rm
Cr. Cash in Bank RMB 2500000 *O')
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Cr. Non-operating Income RMB 500000 S.o 9AUv9
Required: (QQ /I;
(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. S-^y;#=
(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: I!bzvPJ]xc
(a)Inventory Turnover Rate in 20×8; _Y@'<S.
(b)Gross Profit Ratio in 20×8; [
bv>(a_,
(c)After Tax Return on Total Assets in 20×8; and Zw(*q?9\
(d)Current Ratio as at December 31, 20×8 rAqg<fR*
(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. f(q^R
【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。 > o{
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以下是未经审计财务报表的部分信息: 12)~PIaF
(单位:千元) NJ8QI(^"
项目 20×8 20×7 v8!
1"FYL
营业收入 64 000 48 000 <d$kGCz
营业成本 54 000 42 000 #BK\cIr
净利润 30 -20 [~$Ji&Dd
;p~@*c'E
20×8年12月31日 20×7年12月31日 V^Wo%e7#u[
存货 16 000 12 000 1G/bqIMg63
流动资产 60 000 50 000 d!)
&@k
总资产 100 000 90 000 x9r5 ;5TI
流动负债 20 000 18 000 xQs2)
总负债 30 000 25 000 E"k\eZns&
在审计过程中,约翰发现以下事项: k1y&'3%
(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: )mO|1IDTN
借:银行存款5 820 000 cWIX!tc8
财务费用 180 000 pE
>~F
贷:应收票据6 000 000 :HhLc'1Jw
(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: }x% ;y]S
借:营业外支出 3 000 000 N>;"r]Rl"
贷:预计负债 3 000 000 nIVP
h99
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: #p~tkQ:'1
借:预计负债 3 000 000 C`OdMM>D
贷:银行存款 2 500 000 Tysh~C|1
营业外收入 500 000 mj :8ZZ
要求: bG
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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。 :,<e
(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: @=x=dL(
(a)20×8年存货周转率 2&fIF}vk>m
(b)20×8年销售毛利率 *=}$@OS
(c)20×8年总资产净利率 }8 A]
(d)20×8年12月31日的流动比率 7]a6dMh
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ]5D?Sc#-
【答案】 Uxx=$
(1)应选择营业收入作为计算重要性水平的基础。 l'-dB
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 J'tc5Ip!}V
A" `62
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 reLYtv
销售毛利率=(64000-54000)/64000×100%=15.63% y6Xfddd61
总资产净利率=30/[(100000+90000)/2]=0.03% '7[{ISBXU
流动比率=60000/20000=3 Z[KXDQn8
(3) `9b/Q
a.应建议做如下审计调整分录: l<)(iU
借:应收票据 6 000 000 M5 ep\^
贷:短期借款 5 820 000 5T}$+R0&
财务费用 180 000 w'ZL'/d
b.应建议做如下审计调整分录: V_Kpb*3
借:预计负债 3 000 000 q.i@Lvu#
贷:营业外支出 500 000 [La=z7*
其他应付款 2 500 000 l epR}