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)。 MK3h~`is
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: pZ8J\4+
(Expressed in RMB thousands) [~Ky{:@)[
FINANCLAL STATEMENTS ITEMS @QTw9,pS
20×8 +iQ@J+k
20×7 pPa]@ z~O
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Sales he(K
64000 *zUK3&n~I
48000 <ll?rPio"
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Cost of sales WVD48}HF-
54000 )l9KDObis
42000 Q
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Net profit D?#l8
30 CHTK.%AQH!
-20 \^6 [^\@[
k.C&6*l!5;
NCh-BinK@
December 31, 20×8 N!ihj:,
December 31, 20×7 a4UwhbH
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Inventory (zFqb,P
16000 7j)ky2r#
12000 *%/O (ohs@
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Current assets QM8Ic,QFvo
60000 O?g;Ny
50000 c2NB@T9'v
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Total assets 1UK= t
100000 :%&
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90000 0GxJja
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Current liabilities (o*YGYC
20000 O*v&CHd3
18000 `Pc6
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Total liabilities {@CQ
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30000 /?r A|
25000 HL&HY)W1gf
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During the audit, John has the following findings: _{c_z*rM8
(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.0 Cc
Dr. Cash in Bank RMB 5820000 $ (;:4
Dr. Financial Expenses RMB 180000 MO$yst?fK
Cr. Notes Receivable RMB 6000000 hlL$3.]
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: =s!0EwDH3
Dr. Non-operating Expenses RMB 3000000 QL
8C
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Cr. Provisions RMB 3000000 wxqX42v
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 1N(#4mE=
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: Ea
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Dr. Provisions RMB 3000000 N `:MF 9
Cr. Cash in Bank RMB 2500000 Hrpz4E%\Aw
Cr. Non-operating Income RMB 500000 p/
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Required: 0?$|F0U"J
(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. 8OZasf
(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: 2Snb+,o2
(a)Inventory Turnover Rate in 20×8; lv=q( &
(b)Gross Profit Ratio in 20×8; 9V1d`]tP
(c)After Tax Return on Total Assets in 20×8; and t3<8n;'y:
(d)Current Ratio as at December 31, 20×8 l,l qhq\
(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. %Jr
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【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。 %d];h
以下是未经审计财务报表的部分信息: EtzS
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(单位:千元) ["f6Ern
项目 20×8 20×7 f$QkzWvr
营业收入 64 000 48 000 qdI%v#'M
营业成本 54 000 42 000 {,JO}
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净利润 30 -20 ,V,mz?d^9
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20×8年12月31日 20×7年12月31日 g
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存货 16 000 12 000 Qu[QcB{ro-
流动资产 60 000 50 000 _|["}M"?
总资产 100 000 90 000 :=y5713
流动负债 20 000 18 000 z(A[xN@/W<
总负债 30 000 25 000 oaqH@`
在审计过程中,约翰发现以下事项: pDlrK&;\z
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: '>t&fzD0
借:银行存款5 820 000 aGC3&c[Wx
财务费用 180 000 JrOxnxd^
贷:应收票据6 000 000 [TOo 9W
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: is8i_FoD,n
借:营业外支出 3 000 000 Ht;Rz*}
贷:预计负债 3 000 000 Op-z"inw
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: }qso}
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借:预计负债 3 000 000 {EvT7W
贷:银行存款 2 500 000 KV$&qM.
营业外收入 500 000 |&8XmexLb
要求: I`{*QU
(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。 3`yO&upk
(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: QUW`Yc
(a)20×8年存货周转率 }
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(b)20×8年销售毛利率 *|Vf1R]
(c)20×8年总资产净利率 **%&|9He
(d)20×8年12月31日的流动比率 7 2JwG7qh
(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) ^}Vc||S
【答案】 t9U6\ru
(1)应选择营业收入作为计算重要性水平的基础。 rQ{|0+l
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 >[aR8J/U
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 7he,(V
销售毛利率=(64000-54000)/64000×100%=15.63% T"{~mQ*
总资产净利率=30/[(100000+90000)/2]=0.03% l%2VA
流动比率=60000/20000=3 pF8$83S
(3) Bza<.E=
a.应建议做如下审计调整分录: m@XX2l9:9
借:应收票据 6 000 000 `[5xncZ-
贷:短期借款 5 820 000 Y"bm4&'
财务费用 180 000 vU,7Y|t`
b.应建议做如下审计调整分录: sPi
借:预计负债 3 000 000 "O>~osj
贷:营业外支出 500 000 ]:Ep1DIMl
其他应付款 2 500 000 U\lbh;9G