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)。 C27:tyV
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: ss)x
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(Expressed in RMB thousands) y'_8b=*
FINANCLAL STATEMENTS ITEMS OjUPvR2 0
20×8 X 0y$
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20×7 3gi)QCsk
q7X]kr*qx
Sales >7>
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64000 v=N?(6T
48000 *HKw;I
=5+*TL`
Cost of sales yn62Ny
K
54000 T`EV
uRJ
42000 GI
% &.V d
L|'^P3#7`
Net profit So aqmY;+
30 !__0Vk[s
-20 ,S-h~x
@RoZd?
bU!
v
December 31, 20×8
X06Lr!-%
December 31, 20×7 L!fTYX#K]
]i*ucW4
Inventory eTuqK23
16000 $m 4-^=
12000 iEvQ4S6tD
1-_r\sb
Current assets eM5?fE&!&
60000 II\&)_S.4
50000 @tH9$J*Y<
OR<+y~Rv
Total assets @5%&wC
100000 `R[Hxi
90000 bNea5u##
UnhVppnex
Current liabilities L:G
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20000 iod%YjZu
18000 7>E.0DP
"z~ba>,-\
Total liabilities ?%,NOX
30000 cl4E6\?z
25000 V0nQmsP1U
Y2H-D{a27
V
;T :Q%
During the audit, John has the following findings: S#/%#k103
(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: `AJ[g>py^|
Dr. Cash in Bank RMB 5820000 U.7fMc#
Dr. Financial Expenses RMB 180000
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DL
Cr. Notes Receivable RMB 6000000 c3vb~l)
(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: % MHb
Dr. Non-operating Expenses RMB 3000000 -=ZL(r
1
Cr. Provisions RMB 3000000 b9.M'P\
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 l:85 _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: F/>_PH57
Dr. Provisions RMB 3000000 ^J'_CA
Cr. Cash in Bank RMB 2500000 )Z}AhX
Cr. Non-operating Income RMB 500000 ,lyW'<~gA
Required: }#XFa#
(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. .w2 ID
(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: TktH28tK
(a)Inventory Turnover Rate in 20×8; OZ[ YB
(b)Gross Profit Ratio in 20×8; zKJ2~=
(c)After Tax Return on Total Assets in 20×8; and ,?fJ0n:!%
(d)Current Ratio as at December 31, 20×8 H];B?G';C
(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. m~=~DMj
【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。 #~ u0R>=
以下是未经审计财务报表的部分信息: r* *zjv>
(单位:千元) wKV4-uyr
项目 20×8 20×7 NTg@UT<
营业收入 64 000 48 000 n<I{x^!
营业成本 54 000 42 000 w:~*wv
净利润 30 -20 -fR:W{u
tXD$HeBB?
20×8年12月31日 20×7年12月31日 $XBK_ 5
存货 16 000 12 000 ._mep\#.:
流动资产 60 000 50 000 +X}i%F'
总资产 100 000 90 000 {zdMmpQF
流动负债 20 000 18 000 WjV15\,
总负债 30 000 25 000 1yy?1&88S
在审计过程中,约翰发现以下事项: 9"[;ld <
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: _X6'uJ
借:银行存款5 820 000 s{hKl0ds
财务费用 180 000 0#q=-M/?`
贷:应收票据6 000 000 @mp`C}x"0&
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: A'WR!*Yt
借:营业外支出 3 000 000 Vz{+3vfra6
贷:预计负债 3 000 000 [K!9xM6
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: <n"BPXF~
借:预计负债 3 000 000 [6/QUD8
贷:银行存款 2 500 000 o4(*nz
营业外收入 500 000 UM}u(;oo%)
要求: U84W(X
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 j0jl$^
(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: eL!41_QI
(a)20×8年存货周转率 !40>LpL[
(b)20×8年销售毛利率 ~E<2gMKjO
(c)20×8年总资产净利率 $o^Z$VmL
(d)20×8年12月31日的流动比率 gEA SYIQ
(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) e~'`x38
【答案】 my=f}%k=
(1)应选择营业收入作为计算重要性水平的基础。 R%E7 |NAG
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 e|~MJu+1
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 d_RgKdR )k
销售毛利率=(64000-54000)/64000×100%=15.63% 5of3&
总资产净利率=30/[(100000+90000)/2]=0.03% "
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流动比率=60000/20000=3 >ZA=9v
(3) sE1cvAw9l
a.应建议做如下审计调整分录: Ic&h8vSU
借:应收票据 6 000 000 a QH6akH
贷:短期借款 5 820 000 [3%
mNNk
财务费用 180 000
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b.应建议做如下审计调整分录: "L~(%Nx3
借:预计负债 3 000 000 md!6@)S-p
贷:营业外支出 500 000 +SJ.BmT
其他应付款 2 500 000 4#U}bN