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)。 ^>z+e"PQA
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: "_\77cqpTh
(Expressed in RMB thousands) 3+!G9T!
FINANCLAL STATEMENTS ITEMS /@", 5U#
20×8 98CS|NEe
20×7 8(H!iKHe
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Sales :=K+~?
64000 \{o<-S;h
48000 #_: %Yd
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Cost of sales +Ecn
54000 bFJ>+ {#
42000 hE +M|#o
Iz!]LW
Net profit )OFf nKh
30 eX'V
#K#C
-20 UvL=^*t
m
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pwNF\ ={
December 31, 20×8 t]ID
December 31, 20×7 RVr5^l;"
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Inventory t1!>EI`
16000 -e_pw,5c '
12000 uFfk!
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Current assets 3k:`7E.
60000 12}!oS~_
50000 p }3$7CR/
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Total assets +O7GgySx
100000 a*nCvZ
90000 3O|2Z~>3
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Current liabilities v
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20000 Y 9BKd78Y
18000 ~8)l/I=`);
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Total liabilities d}@n,3
30000 <}}u'5;^?x
25000 $@~s
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,9$| "e&
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During the audit, John has the following findings: jN/snU2\0
(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: #d$lN}8
Dr. Cash in Bank RMB 5820000 <ti,W
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Dr. Financial Expenses RMB 180000
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Cr. Notes Receivable RMB 6000000 bj@f<f`
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ~eXI}KhBw6
Dr. Non-operating Expenses RMB 3000000 HcGbe37Xq
Cr. Provisions RMB 3000000 V%voe
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 3.h0
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: D_BdvWSxj
Dr. Provisions RMB 3000000 r%`3*<ALV)
Cr. Cash in Bank RMB 2500000 NZ%v{?
Cr. Non-operating Income RMB 500000 ~bgM*4GW
Required: jPs{Mr<
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. u&e?3qKX(
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: m:cWnG
(a)Inventory Turnover Rate in 20×8; E*L
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(b)Gross Profit Ratio in 20×8; 'N\nJz}
(c)After Tax Return on Total Assets in 20×8; and pV$A?b"?*
(d)Current Ratio as at December 31, 20×8 9 6%N
(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. y]uBVn'u
【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。 U[hokwZ
以下是未经审计财务报表的部分信息: gj4ONmY
(单位:千元) %
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项目 20×8 20×7 Qa"
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营业收入 64 000 48 000 6Z;D`X,5
营业成本 54 000 42 000 {]O.?Yru?
净利润 30 -20 ov1#BeQ
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20×8年12月31日 20×7年12月31日 l7(p~+o?h>
存货 16 000 12 000 )
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流动资产 60 000 50 000 soA] f
总资产 100 000 90 000 <m%ZDOMa
流动负债 20 000 18 000 03!#99
总负债 30 000 25 000 e]V7
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在审计过程中,约翰发现以下事项: S~^]ib0
(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: QM
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借:银行存款5 820 000 Gyc_B
财务费用 180 000 U}GO* +
贷:应收票据6 000 000 -5@hU8B'a
(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: b\H,+|iK
借:营业外支出 3 000 000 fH%C&xj'&
贷:预计负债 3 000 000 _Bhd@S!
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: $
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借:预计负债 3 000 000 }'h\;8y
贷:银行存款 2 500 000 Q>TNzh
营业外收入 500 000 )#,a'~w
要求: e/$M6l$Q*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。 ?_.
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(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: QfL8@W~e
(a)20×8年存货周转率 X&A2:A 6\+
(b)20×8年销售毛利率 c&"1Z/tR
(c)20×8年总资产净利率 <4N E)!#
(d)20×8年12月31日的流动比率 q'%!qa+
(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) n.1$p
【答案】 sr
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(1)应选择营业收入作为计算重要性水平的基础。 e<"sZK
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 |pE
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 '<AE%i,
销售毛利率=(64000-54000)/64000×100%=15.63% 8x9;3{R
总资产净利率=30/[(100000+90000)/2]=0.03% /Ur]U
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流动比率=60000/20000=3 R[H#av
(3) ?]>;Wr
a.应建议做如下审计调整分录: |lh&l<=(f
借:应收票据 6 000 000 9<5ii
贷:短期借款 5 820 000 h
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财务费用 180 000 7+rroCr"
b.应建议做如下审计调整分录: |Rb8/WX
借:预计负债 3 000 000 U \jFB*U
贷:营业外支出 500 000 Srrzj-9^)K
其他应付款 2 500 000 q[c^`5