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)。 8HoP(+?
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: zb2K;%Qs+f
(Expressed in RMB thousands) 3^G96]E
FINANCLAL STATEMENTS ITEMS GF--riyfB
20×8 -rDz~M+
20×7 "'eWn6O(
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Sales @%@zH%b
64000 j.QHkI1.
48000 PX 3
WSI
Xj5R
Cost of sales Z%v6xP.
54000 Gidkt;lj
42000 S]yvMj_?
L=7rDW)aa
Net profit 4=p@2g2"H
30 2X@G"
-20 1| xN%27>
c d%hW
U4wpjHg
December 31, 20×8 |@`"F5@,
December 31, 20×7 _IYY08&(r
KZK,w#9.
Inventory XN;/
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16000 ]M4NpUM
12000 -fux2?8M
.k]#XoE
Current assets ,z66bnjO
60000 a
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50000 &] 3:D
8t9aHla
Total assets *:QXz<_x+
100000
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90000 B/Ba5z"r$
q$^<zY
Current liabilities &"j@79Ym1~
20000 YY!!<2_
18000 xzK>Xi?
~N[|bPRmhE
Total liabilities MYTS3(
30000 Mx
N]7
25000 ALR:MAXwC
;Prg'R[o;
tQ0=p|
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During the audit, John has the following findings: lS3 _Ild
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ^I./L)0=}
Dr. Cash in Bank RMB 5820000 )_O.{$
to
Dr. Financial Expenses RMB 180000 B&nw#saz.
Cr. Notes Receivable RMB 6000000 qP`?M\!O
(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: J3\)Jy
Dr. Non-operating Expenses RMB 3000000
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Cr. Provisions RMB 3000000 U$$3'n
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 t~~r-V":
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: em/Xu
Dr. Provisions RMB 3000000 td/5Bmj
Cr. Cash in Bank RMB 2500000 Y\>\[*.v
Cr. Non-operating Income RMB 500000 2;R/.xI6v
Required: ;@'0T4Z&l
(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|To+P6b
(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: auA.6DQ
(a)Inventory Turnover Rate in 20×8; \I
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(b)Gross Profit Ratio in 20×8; feg`(
R2
(c)After Tax Return on Total Assets in 20×8; and *cy.*@d
(d)Current Ratio as at December 31, 20×8 T`mEO\f
(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. 2HVCXegq
【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。 j@V$Mbv
以下是未经审计财务报表的部分信息: GFY-IC+fc
(单位:千元) <
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项目 20×8 20×7 cqHw^{'8
营业收入 64 000 48 000 *p"O*zj
营业成本 54 000 42 000 rUvwpP"k
净利润 30 -20 |3|wdzV
^~*8 @v""
20×8年12月31日 20×7年12月31日 ujNt(7Cz
存货 16 000 12 000 T/5nu
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流动资产 60 000 50 000 9 G((wiE
总资产 100 000 90 000 x/[8Wi,yB
流动负债 20 000 18 000 =jBL'|k5
总负债 30 000 25 000 A<;0L . J
在审计过程中,约翰发现以下事项: 9`,,%vdj
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: yx 7loy$[
借:银行存款5 820 000 3v G
财务费用 180 000 hF9B?@n?B
贷:应收票据6 000 000 ],$6&Cm
(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: =yo=q)W
借:营业外支出 3 000 000 *\C}Ok=
贷:预计负债 3 000 000 `-5cQ2>"
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!^)!~
借:预计负债 3 000 000 $TFTIk*uU
贷:银行存款 2 500 000 /;b.-v&
营业外收入 500 000 )e#fj+>x)
要求: -D$3!ccX
(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。 Vzk cZK
(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:
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(a)20×8年存货周转率 IS .g);Gj
(b)20×8年销售毛利率 @<
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(c)20×8年总资产净利率 cyDiA(ot&
(d)20×8年12月31日的流动比率 %pd5w~VP
(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) *(>Jd|C
【答案】 V_ {vZ/0e
(1)应选择营业收入作为计算重要性水平的基础。 ^CO#QnB @
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 E#8J+7
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 R+k=Ea&x
销售毛利率=(64000-54000)/64000×100%=15.63% IBzHR[#,^
总资产净利率=30/[(100000+90000)/2]=0.03% ?UU5hek+m
流动比率=60000/20000=3 |c]> Q
(3) Xk
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a.应建议做如下审计调整分录: d|R
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借:应收票据 6 000 000 GsR-#tV@
贷:短期借款 5 820 000
9F/|`
财务费用 180 000 }#YIl@E
b.应建议做如下审计调整分录: l85O-g}M
借:预计负债 3 000 000 9 Zs#Ky/
贷:营业外支出 500 000 e1:u1(".
其他应付款 2 500 000 =H
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