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)。 Ol? 2Qy.2)
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: (\}IOCNS
(Expressed in RMB thousands) /a
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FINANCLAL STATEMENTS ITEMS x\jHk}Buj
20×8 zE[c$KPP
20×7 SCjACQ}-
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Sales *=v
RX!sI,
64000 v%1# y5
48000 !rWib`%
?o4&cCFOE
Cost of sales h+Dok#g
54000 p})&Zl)
V
42000 C?O{l%0
SBEJ@&iB~
Net profit 0XYxMN)
30 |0&S>%=
-20 qSQjAo4t@
T.pPQH__
.C#}g
December 31, 20×8 K)qmJ-Gub
December 31, 20×7 ,Xn%-OT
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Inventory IOA{lN6
16000 6
8y.yX[
12000 p;@PfhEz)
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Current assets yR`-rJb V
60000 WV8<gx`Q
50000 9J?j2!D
u&qdrKx
Total assets &EQov9P7
100000 gs!{'=4wT
90000 {5to;\.
0QGl'u{F
Current liabilities u4S3NLG)
20000 .VUZ4e
18000 wy^>i$TC
M6e"4Gh
Total liabilities t Sg#2
30000 #*9*[Xbi
25000 ^WeT3b q
UpgOU.
]\jhtC=2
During the audit, John has the following findings: toQn]MT
(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^A_ 0@
Dr. Cash in Bank RMB 5820000 ht1
jrCe
Dr. Financial Expenses RMB 180000 _
pJU~8
Cr. Notes Receivable RMB 6000000 C}!$'C|
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: |6&"r&
Dr. Non-operating Expenses RMB 3000000 |BXq8Erh
Cr. Provisions RMB 3000000 A.y$.(
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 nBNZ@nD
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: ^iGIF~J9
Dr. Provisions RMB 3000000 DF|qN
X
Cr. Cash in Bank RMB 2500000 9oaq%Sf
Cr. Non-operating Income RMB 500000 |sI^_RdBv
Required:
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(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. vj#gY2qZ
(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: 5[GX
(a)Inventory Turnover Rate in 20×8; A1:Fe9q
(b)Gross Profit Ratio in 20×8; LJBoS]~
(c)After Tax Return on Total Assets in 20×8; and M0^r!f>O
(d)Current Ratio as at December 31, 20×8 ;BI{v^()s
(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. @50Js3R1q
【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。 d>(dSKx
以下是未经审计财务报表的部分信息: 9/nL3 U@i1
(单位:千元) {}>"f]3
项目 20×8 20×7 u^{Q|o:=x
营业收入 64 000 48 000 s#d>yx_b
营业成本 54 000 42 000 :cOwTW?Fj
净利润 30 -20 '8}\! i&
#a/lt^}C*
20×8年12月31日 20×7年12月31日 |5O%@
存货 16 000 12 000 QJv,@@mu
流动资产 60 000 50 000 "e_ED*
总资产 100 000 90 000 YKk%lZ.8
流动负债 20 000 18 000 tmm\V7sJ
总负债 30 000 25 000 h IGa
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在审计过程中,约翰发现以下事项: 6E
(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: 2[WQq)\
借:银行存款5 820 000 D,X$66T ^
财务费用 180 000 QJ$]~)w?H
贷:应收票据6 000 000 >Vn!k N6\
(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: (Q\w4?ci
借:营业外支出 3 000 000 <1hwXo
贷:预计负债 3 000 000 R
z[-
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: yqoi
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借:预计负债 3 000 000 MT0}MMr
贷:银行存款 2 500 000 .fZv H
营业外收入 500 000 iA%3cpIc(Z
要求: q6osRK*20
(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。 I{M2nQi
(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: d{YhKf#~
(a)20×8年存货周转率 >f_D|;EV
(b)20×8年销售毛利率 S;CT:kG6Y{
(c)20×8年总资产净利率 ~kYF/B2*
(d)20×8年12月31日的流动比率 X-t4irZ)
(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) hI?<F^b
【答案】 hR. EZ|.
(1)应选择营业收入作为计算重要性水平的基础。 U:`rNHl
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 S_\RQB\l
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 V,2O`D%
销售毛利率=(64000-54000)/64000×100%=15.63% xNjA>S\]W5
总资产净利率=30/[(100000+90000)/2]=0.03% =r
GkM.^
流动比率=60000/20000=3 fF>H7
(3) dkCSqNFL)
a.应建议做如下审计调整分录: y_J{+
借:应收票据 6 000 000 5|AZ/!rb
贷:短期借款 5 820 000 ]bRu8kn
财务费用 180 000 ^up*KQ3u\
b.应建议做如下审计调整分录: Q y15TJ
借:预计负债 3 000 000 $bD!./fl
贷:营业外支出 500 000 m@jOIt!<
其他应付款 2 500 000 y*zZ }>