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)。 #\"8sY,j
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: [-bL>8
(Expressed in RMB thousands) 6*Qn9Q%p-
FINANCLAL STATEMENTS ITEMS X&0m$x
20×8 ICo_O]
Ke
20×7 pMM-LY7%{
eC%.xu^
Sales B<
P H7
64000 6C9KT;6
48000 k ~lj:7g~
}r3,
fH
Cost of sales "Nj(0&
54000 d i`}Y&
42000 i)Vqvb0Q
m1a0uEA
G
Net profit cBb!7?6(
30 e2*0NT^R
-20 P.$U6cq
1 h|cr_
[Maon.t!l
December 31, 20×8 t*5d'aE`/
December 31, 20×7 64z9Yr@
JXUnhjB,B
Inventory 3}= .7qm
16000 8Y3c,p/gS>
12000 S;M'qwN
z11;r]VI
Current assets Kg=TPNf"$
60000 8kXbyKX[b
50000 {6^c3R[
c!T^JZBb
Total assets `sQ\j Nu
100000 Yr-a8aSTE5
90000 ePa:_?(
}]>[FW
Current liabilities N5#qox$D
20000 RQWVjF#
18000 YYr &Jcj
kXzm
Total liabilities 'Sppm;?
30000 s+(%N8B
25000 3hab51J
!I-+wc{ss
f)H6 nl7r
During the audit, John has the following findings: fs&J%ku\
(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: Gg|'T}0X
Dr. Cash in Bank RMB 5820000 )|@b
GEk
Dr. Financial Expenses RMB 180000 25BW/23}e
Cr. Notes Receivable RMB 6000000 i:Pg&474f
(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: D-9zg\\'`
Dr. Non-operating Expenses RMB 3000000 "5 PP<A,F(
Cr. Provisions RMB 3000000 iC?s`c0B
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 1>jG*tr
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: s0H_Y'
Dr. Provisions RMB 3000000 wXPNfV<(2
Cr. Cash in Bank RMB 2500000 v:B_%-GfOA
Cr. Non-operating Income RMB 500000
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Required: 0bQaXxt|p
(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. qGuz`&i
(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: ~"\sL;B
(a)Inventory Turnover Rate in 20×8; il<D e]G
(b)Gross Profit Ratio in 20×8; kFgN^v^t
(c)After Tax Return on Total Assets in 20×8; and /D`M?nD7
(d)Current Ratio as at December 31, 20×8 T~cq= i|O
(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. p^Ca-+R3
【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。 2`+ ?s
以下是未经审计财务报表的部分信息: hE\,4c1
(单位:千元) V]L$`7G
项目 20×8 20×7 8A"[n>931
营业收入 64 000 48 000 Q-F'-@`(C
营业成本 54 000 42 000 @ v/%^
净利润 30 -20 &JAQ:([:
B}X
C
20×8年12月31日 20×7年12月31日 (M4~N)7<P5
存货 16 000 12 000 LTp5T|O
流动资产 60 000 50 000 1)/B V{n
总资产 100 000 90 000 K~<p
D:s
流动负债 20 000 18 000 Qc;`nck
总负债 30 000 25 000 kF3 EJ
在审计过程中,约翰发现以下事项: cE 8vSQ%
(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: 0! 9vGs
借:银行存款5 820 000 K6KEdXM4
财务费用 180 000 vY *p][$
贷:应收票据6 000 000 '[-gKn
(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~s/@*y9
借:营业外支出 3 000 000 K_{x
y#H
贷:预计负债 3 000 000 Fly@"W4a
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: 6R%c+ok8i
借:预计负债 3 000 000 [?RLvhU|
贷:银行存款 2 500 000 v|VY5vN
营业外收入 500 000 daWmF
要求: ~53E)ilB
(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。 2]eh[fRQ
(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: Bh:AY@k
(a)20×8年存货周转率 >ly= O
(b)20×8年销售毛利率 z~4L=tA(
(c)20×8年总资产净利率 |o~FKy1'z\
(d)20×8年12月31日的流动比率
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(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) .2Q`. o)
【答案】 c[!e*n!y
(1)应选择营业收入作为计算重要性水平的基础。 +6*oO|
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 t"2WJ-1k}
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 \9Itu(<f
销售毛利率=(64000-54000)/64000×100%=15.63% h?.6e9Y4
总资产净利率=30/[(100000+90000)/2]=0.03% ^wb -s
流动比率=60000/20000=3 L}nj#z4g
(3) 2c5>0f
a.应建议做如下审计调整分录: 4I"QT(;
借:应收票据 6 000 000
.}ohnnJB0
贷:短期借款 5 820 000 &w2.b:HF
财务费用 180 000 9V zk:zOT
b.应建议做如下审计调整分录: U'" ;
借:预计负债 3 000 000 zVxiCyU
贷:营业外支出 500 000 x?:WR*5w
其他应付款 2 500 000 6]T02;b>/,