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)。 rjt O`Mt`
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: 78\\8
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(Expressed in RMB thousands) ;9
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FINANCLAL STATEMENTS ITEMS '$lw[1
20×8 >l6XZQ
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20×7 FUH*]U
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Sales FP0<-9DO
64000 s 0 =@ &/
48000 H74NU_
ye9QTK6$,
Cost of sales (d1V1t2r6
54000 [UUM^!1
42000 Di]Iy
ZD
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Net profit InTKdr^ P
30 =#J9
-20 (%=lq#,
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e=|F(iW
December 31, 20×8 FC|y'j 0
December 31, 20×7 u9da]*\7y
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Inventory jCdZ}M($
16000 )i
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12000 fte!Ll'
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Current assets ;L MEU_
60000 V~tu<"%
50000 K'ed5J
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Total assets E$
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100000 kY0g
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90000 Ji)a%j1V9
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Current liabilities `-E.n'+
20000 f^>lObvd
18000 xf{C'uF/
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Total liabilities ` Mv5!H5l
30000 <'+R%6
25000 4%Z\G@0<'
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During the audit, John has the following findings:
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(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: \3@2rW"5
Dr. Cash in Bank RMB 5820000 .LhbhUEfn
Dr. Financial Expenses RMB 180000 3IRRFIiO
Cr. Notes Receivable RMB 6000000 FK/ro91L
(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: ML9T(th6v
Dr. Non-operating Expenses RMB 3000000 QL|:(QM
Cr. Provisions RMB 3000000 ~,3v<A[5Vi
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 9-e[S3ziM
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: [b\lcQ8O
Dr. Provisions RMB 3000000 :pV("tHE
Cr. Cash in Bank RMB 2500000 vl(v1[pU
Cr. Non-operating Income RMB 500000 RV*Zi\-X
Required: nMvIL2:3
(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. v#2qwd3x
(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: 9wJmX<Rm
(a)Inventory Turnover Rate in 20×8; |]3);^0
(b)Gross Profit Ratio in 20×8; 4<>:]
(c)After Tax Return on Total Assets in 20×8; and cMk%]qfVo8
(d)Current Ratio as at December 31, 20×8 Llc|j&yHQ
(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. {OoNhN9
【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。 qtQ:7WO
以下是未经审计财务报表的部分信息: $^aXVy5p
(单位:千元) rBPxGBd4
项目 20×8 20×7 M!DoR6
营业收入 64 000 48 000 utS Mx(
营业成本 54 000 42 000 sO-R+G/^7
净利润 30 -20 /
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20×8年12月31日 20×7年12月31日 &-Y:4.BX Z
存货 16 000 12 000 )_.H #|r
流动资产 60 000 50 000 P(+ar#,G
总资产 100 000 90 000 |OT%,QT|
流动负债 20 000 18 000
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总负债 30 000 25 000 a~EEow;A
在审计过程中,约翰发现以下事项: <aD+Ki6
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 8~+Msn:
借:银行存款5 820 000 3AL=*qq
财务费用 180 000 Y }d>%i+
贷:应收票据6 000 000 P[oB'
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: bu5)~|?{t
借:营业外支出 3 000 000 AG0x)
贷:预计负债 3 000 000 _)"
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20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ]F-6K
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借:预计负债 3 000 000 2`eu3vA
贷:银行存款 2 500 000 bFXCaD!{G
营业外收入 500 000 UzwIV{
要求: dju{&wo~4
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 >n\Q[W
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: ;BvWU\!
(a)20×8年存货周转率 4rdrl
(b)20×8年销售毛利率 V-u\TiL
(c)20×8年总资产净利率 ~WLsqP5Y~a
(d)20×8年12月31日的流动比率 NFPkK?+
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) e]fC!>w(\
【答案】 5Ozj&Zq
(1)应选择营业收入作为计算重要性水平的基础。 emO!6]0gJ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 2yc\A3ft#
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 O$^YUHD
销售毛利率=(64000-54000)/64000×100%=15.63% [_Z3v,vt,
总资产净利率=30/[(100000+90000)/2]=0.03% v1r
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流动比率=60000/20000=3 <O&s 'A[
(3)
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a.应建议做如下审计调整分录: PrxXL/6
借:应收票据 6 000 000 G;+0V0K
贷:短期借款 5 820 000 %"V,V3kw4
财务费用 180 000 ~!u94_:
b.应建议做如下审计调整分录: t|_g O!
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借:预计负债 3 000 000 ]7@Dqd-/S
贷:营业外支出 500 000 Jt][b
其他应付款 2 500 000 7.-|3Wcg