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)。 is?{MJZ_
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: ROH|PKb7
(Expressed in RMB thousands) )3cAQ'w
FINANCLAL STATEMENTS ITEMS \1k79 c
20×8 ^um<bWNc
20×7 ik)|{%!K]H
sA+ }TNhq
Sales (>LF(ll
64000 ]%;:7?5l
48000 u+
9hL4
xK>*yV
Cost of sales )*u8/U
54000 &h}#HS>l
42000
/T"+KU*
z<MsKD0Q
Net profit tR#OjkvX
30 2R[:]-b
-20 sU=H&D99
D,k6$`
" s,1%Ltt
December 31, 20×8 ?>VLTp8]
December 31, 20×7 x'8x
#NQMy:JHD)
Inventory CT&|QH{
16000 V.U|
#n5
12000 8=!D$t\3
{B~QQMEow
Current assets d9k0F
OR1
60000 zrvF]|1UP
50000 !Mx$A$Oj>
y#`tgJ:
Total assets &eJfGt5
100000 irZ])a
90000 49eD1h3'X[
xw.A #Zb\_
Current liabilities aEB_#1
20000 ;xy"\S]
18000 \UA[
\<bx[,?
Total liabilities kj Jn2c:y
30000 QL(n} {.%
25000 r-,%2y?
G0Iw-vf
wH*-(*N"
During the audit, John has the following findings: d z|or9&
(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: W" scV@HKu
Dr. Cash in Bank RMB 5820000 Zj(AJ* r
Dr. Financial Expenses RMB 180000 X;$+,&M"
Cr. Notes Receivable RMB 6000000 e+EQ]<M
(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: )+#` CIv
Dr. Non-operating Expenses RMB 3000000 j;zM{qu_
Cr. Provisions RMB 3000000 e1yt9@k,
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 *tA1az
-jO
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: dRYqr}!%n
Dr. Provisions RMB 3000000 KM,\
Cr. Cash in Bank RMB 2500000 !t"4!3
Cr. Non-operating Income RMB 500000 .'6gZKXY
Required: 10Q ]67
(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. /PVk{3
(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: q]
)K,)
(a)Inventory Turnover Rate in 20×8; !|(-=2
`
(b)Gross Profit Ratio in 20×8; $ Gf(38[w
(c)After Tax Return on Total Assets in 20×8; and L;z?aZ7n
(d)Current Ratio as at December 31, 20×8
1~gnc|?
(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. $c!p&
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 `bq<$e
以下是未经审计财务报表的部分信息: z^B,:5Tt
(单位:千元) )$2QZ
qX
项目 20×8 20×7 [g|_~h
营业收入 64 000 48 000 ic:zsuEm
营业成本 54 000 42 000 G[ PtkPSJ
净利润 30 -20 L(6d&t'|-R
AYBns]!
20×8年12月31日 20×7年12月31日 [jQp~&nY
存货 16 000 12 000 |"}FXaO
流动资产 60 000 50 000 zpn9,,~u
总资产 100 000 90 000 u,ho7ht3(
流动负债 20 000 18 000 "Fr.fhh'~
总负债 30 000 25 000 ]h`&&B qt
在审计过程中,约翰发现以下事项: 6q\bB
(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: Q-oktRK
借:银行存款5 820 000 /8'NG6"H`
财务费用 180 000 fUWG*o9
贷:应收票据6 000 000 LVM%"sd?
(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: Y(ykng
借:营业外支出 3 000 000 5Pc;5
o0C
贷:预计负债 3 000 000 7~h<$8Y(T
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: n&4N[Qlv,
借:预计负债 3 000 000 ^L
nTOdAE
贷:银行存款 2 500 000 g/d<Zfq<{
营业外收入 500 000 ^oz3F]4,g
要求: QE+g
j8
(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(&v"}Ef`
(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-b%T|p9
(a)20×8年存货周转率 9.M4o[
(b)20×8年销售毛利率 rgQOj^xKv^
(c)20×8年总资产净利率 NN{?z!
(d)20×8年12月31日的流动比率 tKuwpT1Qc
(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) DCO\c9
【答案】 !?jrf ]
A@
(1)应选择营业收入作为计算重要性水平的基础。 e)k9dOR
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 9rX&uP)j^#
(S5R!lpO
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 }"H,h)T
销售毛利率=(64000-54000)/64000×100%=15.63% |3b^~?S
总资产净利率=30/[(100000+90000)/2]=0.03% 5V~oIL
流动比率=60000/20000=3 n38p !oS
(3) Xu'&ynID
a.应建议做如下审计调整分录: jRlYU`?
借:应收票据 6 000 000 BwEN~2u6
贷:短期借款 5 820 000 $)i")=Hy
财务费用 180 000 x_}:D *aI
b.应建议做如下审计调整分录: 6Pnjmw.HV
借:预计负债 3 000 000
_"yh.N&
贷:营业外支出 500 000 -7[@R;FS
其他应付款 2 500 000 K7B/s9/xs