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)。 Yufc{M00
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: T%*D~=fQ'
(Expressed in RMB thousands) d)Y}>@:W
FINANCLAL STATEMENTS ITEMS tJ$_lk
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20×8 07{)?1cod4
20×7 5vnrA'BhBU
p947w,1![
Sales )|#sfHv7
64000 gT6jYQ
48000 bq0zxg%
V+9 MoT?8
Cost of sales iSs:oH3l
54000 _L=h0H l
42000 0{-q#/
V1B5w_^>h'
Net profit NU2;X (z[
30 C,|,-CY
-20 ds[|
rf{rpe$
FXkM#}RgNm
December 31, 20×8 > /caXvS
December 31, 20×7 i?^L/b`H
T{[=oH+
Inventory U
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16000 -m~#Bq
12000 'E""amIJ
GC}==
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Current assets amY!qg0P*
60000 St*h>V6
50000 ~oY^;/ j
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Total assets Q>Yjy!.<^
100000 k@W1-D?
90000 Oxd]y1
]~3V}z,T*
Current liabilities 61'XgkacDS
20000 =Jb>x#Y
18000 *(DV\. l`
hkQ"OsU
Total liabilities Wvf
^N(
30000 oYH-wQ j
25000 cSV aI
Jdj4\ju
[` 7ThHX
During the audit, John has the following findings: 20Wg=p9L
(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: $-sHWYZ
Dr. Cash in Bank RMB 5820000 +QJ#2~pE
Dr. Financial Expenses RMB 180000 5$C-9
Cr. Notes Receivable RMB 6000000 1]b.fD
(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: (<C3Vts))
Dr. Non-operating Expenses RMB 3000000 ?$4 PVI}
Cr. Provisions RMB 3000000 j&qub_j"xX
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 TarY|P7_
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: tY4;F\e2|A
Dr. Provisions RMB 3000000 TOQP'/
Cr. Cash in Bank RMB 2500000 3h`f 6
Cr. Non-operating Income RMB 500000 h@ryy\9
Required: Z(CkZll
(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. >~0Z& d
(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: },-H"Qs
(a)Inventory Turnover Rate in 20×8;
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(b)Gross Profit Ratio in 20×8; z~s PXGb
(c)After Tax Return on Total Assets in 20×8; and * r7rZFS
(d)Current Ratio as at December 31, 20×8 ncT&Gr
(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. ?%[jR
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【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。 ^^ixa1H<
以下是未经审计财务报表的部分信息: a9V,es"BWQ
(单位:千元) 5`p.#
项目 20×8 20×7 uoh7Sz5!^
营业收入 64 000 48 000 }Jj}%XxKs
营业成本 54 000 42 000 @f3E`8
净利润 30 -20 %d9uTm;
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20×8年12月31日 20×7年12月31日 FfT`;j
存货 16 000 12 000 FGq[\B
流动资产 60 000 50 000 J5,9_uo]
总资产 100 000 90 000 c@L< Z` u
流动负债 20 000 18 000 _6vWF
总负债 30 000 25 000 KF:78C
在审计过程中,约翰发现以下事项: \:LW(&[!
(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: KHvYUTY
借:银行存款5 820 000 8zW2zkv2|#
财务费用 180 000 +9sQZB# (
贷:应收票据6 000 000 g*+>H1}
(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: ;#< 0<
借:营业外支出 3 000 000 1T
n}
贷:预计负债 3 000 000 c'\dFb9a
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: SQ+Gvq%Q]
借:预计负债 3 000 000 ysnx3(+|
贷:银行存款 2 500 000 !0<,@v"
营业外收入 500 000 >
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要求: ((%?`y
(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。 b^vQpiz
(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: @gK?\URoT
(a)20×8年存货周转率 ^E>3|du]O
(b)20×8年销售毛利率 5L}/&^E#p
(c)20×8年总资产净利率 ]\HvK CN}
(d)20×8年12月31日的流动比率 b4Ekqas
(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) !&@615Vtw
【答案】 q{x8_E!L
(1)应选择营业收入作为计算重要性水平的基础。 }4X0epPp;:
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 .O<obq~;C
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 +R75v )
销售毛利率=(64000-54000)/64000×100%=15.63% i SQu#p@
总资产净利率=30/[(100000+90000)/2]=0.03% h'nY3GrU
流动比率=60000/20000=3 a(ZcmYzXU
(3) P@~yx#G
a.应建议做如下审计调整分录: gbD KE{
借:应收票据 6 000 000 #fM`}Ij.A
贷:短期借款 5 820 000 pT
6$DB#
财务费用 180 000 %E;'ln4h&,
b.应建议做如下审计调整分录: MomwX
借:预计负债 3 000 000 j.=
1rwPt
贷:营业外支出 500 000 ?:9"X$XR
其他应付款 2 500 000 kD"{g#c