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)。 ,eeL5V
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: ?PE1aB+{:
(Expressed in RMB thousands) }'V'Y[
FINANCLAL STATEMENTS ITEMS Wytvs*\`
20×8 ss`q{ARb
20×7 9hR:y.
J4Z<Yt/
Sales _X%6 +0M
64000 Fm$n@RbX
48000 H]i+o6
ccN &h
Cost of sales jO
&f*
rxN
54000 bOxjm`B<
42000 F
0BOhlK
L\:YbS~]
Net profit =o{: -EKQF
30 h"BhTx7E}
-20 b*FU*)<4.
Eo {1y
Nx4DC
December 31, 20×8 =>:% n
December 31, 20×7 *]:G7SW{
D2TXOPH
Inventory G{:af:5Fo
16000 n$hqNsM
12000 RRI>bh]
F`;TU"pDf
Current assets GwMUIevO_
60000 cu479VzPx:
50000 0K$WSGB?6j
lNh=>DPu
Total assets ]m/@wW9
100000 !8
wid&
90000 z6FbM^;;
o]|oAN9
Current liabilities )~?S0]j}
20000 c+E/
/X|
18000 )WP]{ W)r
3Y1TQ;i,wQ
Total liabilities r>@ B+Xi
30000 Lt;.Nw
25000 n~"g'Y
[NCXn>Z
g/U$!d_
During the audit, John has the following findings: $vg moJ@X0
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: uGP[l`f|FQ
Dr. Cash in Bank RMB 5820000 %)<oX9E
Dr. Financial Expenses RMB 180000 {p#l!P/
Cr. Notes Receivable RMB 6000000 q#Yg0w~
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: F;d%@E_Bc
Dr. Non-operating Expenses RMB 3000000 j#LV7@H.e?
Cr. Provisions RMB 3000000 m0%iw1OsH%
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 M]6w^\4j9
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ;Xfd1
Dr. Provisions RMB 3000000 oN&rq6eN
Cr. Cash in Bank RMB 2500000 D% v:PYf
Cr. Non-operating Income RMB 500000 Xa{~a3Wy
Required: +?"HTDBE||
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. (6ohrM>Q
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: mc0sdb,c$
(a)Inventory Turnover Rate in 20×8; KD,^*FkkL
(b)Gross Profit Ratio in 20×8; 'uP'P#
(c)After Tax Return on Total Assets in 20×8; and Ad}-I%Ie
(d)Current Ratio as at December 31, 20×8 f7_\).T
(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. DU/9/ I?~
【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。 Edf=?K+\!i
以下是未经审计财务报表的部分信息: Njy9 JX
(单位:千元) O:`GL1{ve?
项目 20×8 20×7 a<57(Sf
营业收入 64 000 48 000 QoW(tM
营业成本 54 000 42 000 CU#L *kz
净利润 30 -20 $I)Tk`=
vCy.C
N$
20×8年12月31日 20×7年12月31日 p~Yy"Ec;p
存货 16 000 12 000 <O,'5+zG%
流动资产 60 000 50 000 I<D&,LFH*w
总资产 100 000 90 000 ;_?zB NW
流动负债 20 000 18 000 Dh\S`nfFq
总负债 30 000 25 000 G zJ9N`
在审计过程中,约翰发现以下事项: g^s+C 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: M(;y~|
e
借:银行存款5 820 000 SE-!|
WR
财务费用 180 000 =R8f)UQYx
贷:应收票据6 000 000 4)z3X\u|Z2
(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: ql!5m\
借:营业外支出 3 000 000 sowbg<D
贷:预计负债 3 000 000 E<D+)A
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: @K,2mhE~h
借:预计负债 3 000 000 $:%*gY4~76
贷:银行存款 2 500 000 {Ior.(D>Y
营业外收入 500 000 !XgQJ7y_Z
要求: ) >>u|#@z
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 +?URVp
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: FX7Cjo#=R
(a)20×8年存货周转率 (,- 5(fW
(b)20×8年销售毛利率 x\Nhix}1D
(c)20×8年总资产净利率 !6XvvTs/<
(d)20×8年12月31日的流动比率 4'+d"Ok
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) lEO?kn.:z
【答案】 bajC-5R1k
(1)应选择营业收入作为计算重要性水平的基础。 kbfuvJ>
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 4/*]`
K:}h\ In
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 /`7 I K
销售毛利率=(64000-54000)/64000×100%=15.63% (/T+Wpy?
总资产净利率=30/[(100000+90000)/2]=0.03% +G5'kYzJ
流动比率=60000/20000=3 S[-.tvI;Q
(3) [TRGIGtq
a.应建议做如下审计调整分录: =1gDjF9|
借:应收票据 6 000 000 ?~F]@2)5w
贷:短期借款 5 820 000 b*lKT]D,
财务费用 180 000 y,'FTP9?
b.应建议做如下审计调整分录: )v${&H
借:预计负债 3 000 000 IL!BPFG w
贷:营业外支出 500 000 I?f"<5[0
其他应付款 2 500 000 !&@2