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)。 0tKVo]EK
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: k"3@G?JY
(Expressed in RMB thousands) Qli#=0{`
FINANCLAL STATEMENTS ITEMS aT4I sPA?_
20×8 t:x"]K
20×7 YsO3( HS
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Sales "D,}|
64000 8]K+,0m6
48000 z0H+Or
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Cost of sales |A.nP9 hW
54000 $^e(?Pq
42000 R]&lVXyH
mxnu\@}(
Net profit Spu>
ac
30 enGZb&
-20 2BKiA[
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hG~HV{6
vA"LV+@
December 31, 20×8 +H:}1sT;n
December 31, 20×7 XuoyB{U
b_&:tE--]
Inventory ?[]jJ
16000 ,|g&v/WlC%
12000 g@'2 :'\
C2CR#b=)i
Current assets
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60000 :d6]rOpX
50000 `>4"i+NFF8
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Total assets 99\lZ{f(
100000 2KlVj]!7
90000 2:RFPK
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Current liabilities o@ m7@$7
20000 \JC_"gqt
18000
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Total liabilities "574%\#4z
30000 ^-LnO%h?
25000 p//mVH%
!LQzf(s;
U2r[.Ru
During the audit, John has the following findings: ~g9~D}48k'
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: P2&0bNY
Dr. Cash in Bank RMB 5820000 ^6gEL~m|]
Dr. Financial Expenses RMB 180000 e,xJ%f
Cr. Notes Receivable RMB 6000000 }vU^gPH
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: z6Fl$FFP
Dr. Non-operating Expenses RMB 3000000 iGSF5S
Cr. Provisions RMB 3000000 E9b>wP
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 KjMwrMgC
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: 3&I3ViAH
Dr. Provisions RMB 3000000 .}GOHW)}
Cr. Cash in Bank RMB 2500000 ?\I@w4
Cr. Non-operating Income RMB 500000 0dIGX |e
Required: DR
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(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. ly69:TR7I
(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: j<QK1d17
(a)Inventory Turnover Rate in 20×8; '[HBKn$`
(b)Gross Profit Ratio in 20×8; Wv%F^(R7
(c)After Tax Return on Total Assets in 20×8; and <00nu'Ex1v
(d)Current Ratio as at December 31, 20×8 g:.LC
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(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. qC=9m[MI
【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。 Em4'b1mDX%
以下是未经审计财务报表的部分信息: mo9(2@~<
(单位:千元) g\9&L/xDN
项目 20×8 20×7 }+}Cl T
营业收入 64 000 48 000 ecx_&J@D
营业成本 54 000 42 000 bxPJ5oT
净利润 30 -20 i1X!G|Awfv
pI.~j]*:{
20×8年12月31日 20×7年12月31日 q6hH]Q>w*
存货 16 000 12 000
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流动资产 60 000 50 000 ]N,'3`&::
总资产 100 000 90 000 LN)yQ-
流动负债 20 000 18 000 >sdF:(JV&
总负债 30 000 25 000 P8#_E{f
在审计过程中,约翰发现以下事项: zJh!Q*
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(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,:h`%V
借:银行存款5 820 000 wz@[rMf
财务费用 180 000 >Hmho'
贷:应收票据6 000 000 j+>[~c;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: t\]kVo)
借:营业外支出 3 000 000 W4qnXD1n
贷:预计负债 3 000 000 "$b{EYq6
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: I?nU+t;
借:预计负债 3 000 000 EuA352x
贷:银行存款 2 500 000 iaQfxQP1w%
营业外收入 500 000 `g
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要求: V6+:g=@U-l
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 E:O/=cT
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: R6`mmJ+'
(a)20×8年存货周转率 V3 T.EW
(b)20×8年销售毛利率 l: kW|
(c)20×8年总资产净利率 5z_Kkf?o
(d)20×8年12月31日的流动比率 1NG[
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) =(~*8hJ
【答案】 *y(UI/c
(1)应选择营业收入作为计算重要性水平的基础。 fB&i{_J
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 S;/pm$?/
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Q<DXDvL
销售毛利率=(64000-54000)/64000×100%=15.63% OlptO60{ ]
总资产净利率=30/[(100000+90000)/2]=0.03% mwn$ey&QE
流动比率=60000/20000=3 e|>@ >F]K
(3) 4#t=%}
a.应建议做如下审计调整分录: [w-#
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借:应收票据 6 000 000 6ZwQ/~7H
贷:短期借款 5 820 000 t8; nP[`
财务费用 180 000 82V;J 8T?
b.应建议做如下审计调整分录: .Iz
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借:预计负债 3 000 000 J9f]=1`
贷:营业外支出 500 000 <[T{q
|*
其他应付款 2 500 000 Ef@)y&hn