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)。 ]k`Fl,"
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: 2.Eu+*UC
(Expressed in RMB thousands) f0mH|tI`
FINANCLAL STATEMENTS ITEMS kk/+Vx~
20×8 \;B$hT7z*
20×7 q:-]d0B+
emkMR{MY
Sales ny
64000 V:F+HMBk
48000 ^Azt.\fMX
(|36!-(iK
Cost of sales 8MeO U
54000 Xc9p;B>^Ts
42000 1IF'>*
V^Mf4!A(y
Net profit "x.6W!
30 #lyM+.T
-20 A1|7(
Sow
JhhU
g
=!g/2;-or
December 31, 20×8 f1CMR4D
December 31, 20×7 PV]k3&y
'?`@7Eol
Inventory hs{&G^!jo
16000 0279g
12000 clq~ ;hx
`bZ2x@
Current assets Ere?d~8
60000 S6Xb*6
50000 Fi?32e4KI5
7z/(V\9B
Total assets q:2aPfo&
100000 TXd5v#_vo
90000 4]DAh
DnG/ n
Current liabilities 2,8/Cb
20000 55>" R{q
18000 (^DLCP#*
O?nPxa<
Total liabilities j.=UI-&m
30000 RV0>-@/x
25000 Xr@l+zr
VjA wn}eO
v+!y;N;Q
During the audit, John has the following findings: {[M0y*^64$
(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: "<PoJPh
Dr. Cash in Bank RMB 5820000 .0nn0)"
Dr. Financial Expenses RMB 180000 2~G,Ia
Cr. Notes Receivable RMB 6000000 p4m^ ~e
(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: &\J?[>EJ.
Dr. Non-operating Expenses RMB 3000000 L;1$xI8tx
Cr. Provisions RMB 3000000 QvG56:M3
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Xmap9x
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: &Q-[;
Dr. Provisions RMB 3000000 a"0B?3*r46
Cr. Cash in Bank RMB 2500000 5+e> +$2
Cr. Non-operating Income RMB 500000 a,/M'^YyN
Required: ~_DF06G
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ~-XOvKJb
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 2Ueq6IuQ
(a)Inventory Turnover Rate in 20×8; D~G5]M,}$
(b)Gross Profit Ratio in 20×8; Xt</ -`
(c)After Tax Return on Total Assets in 20×8; and 1fz*SIjG
(d)Current Ratio as at December 31, 20×8 xoqiRtlY:
(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. x4CtSGG85f
【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+@-XU<Lp<
以下是未经审计财务报表的部分信息: :V&N\>Wo
(单位:千元) "C_T]%'Wm
项目 20×8 20×7 |A ;o0pL
营业收入 64 000 48 000 ^=eq .(>
营业成本 54 000 42 000 Q0pC4WJ`
净利润 30 -20 E:u ReT
SQq6X63 \
20×8年12月31日 20×7年12月31日 $x?NNS_ "J
存货 16 000 12 000 Ni+3b
流动资产 60 000 50 000 vVI6m{zYV
总资产 100 000 90 000 <U@P=G<t
流动负债 20 000 18 000 >Y7r\
总负债 30 000 25 000 |HrM_h<X
在审计过程中,约翰发现以下事项: K^"w]ii=
(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: IZv~[vi_
借:银行存款5 820 000 gKmX^A5<
财务费用 180 000 UppBnw
贷:应收票据6 000 000 c5X`_
(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: FhWmO
借:营业外支出 3 000 000 54<6Dy f
贷:预计负债 3 000 000 ;*y|8od
B
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: X Y~;)<s_
借:预计负债 3 000 000 %4j&H!y-w;
贷:银行存款 2 500 000 -G8c5b[
营业外收入 500 000 _Ny8j~
要求: d!`lsh@tF
(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。 Qm
$(
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: y)6,0K {k
(a)20×8年存货周转率 ddoST``G
(b)20×8年销售毛利率
M{]e5+
(c)20×8年总资产净利率 ;4!=DFbU
(d)20×8年12月31日的流动比率 >Y}7[XK
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Ee&hG[sx
【答案】 +AB6lv
(1)应选择营业收入作为计算重要性水平的基础。 k]Zo-xh4
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;SfNKu
|Dg;(i?
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 -<_7\09
销售毛利率=(64000-54000)/64000×100%=15.63% ?8Et[tFg
总资产净利率=30/[(100000+90000)/2]=0.03% Xad*Iulj
流动比率=60000/20000=3 (Up'$J}
(3) HzE1r+3Q@
a.应建议做如下审计调整分录: \3r3{X
_<`
借:应收票据 6 000 000 vK(I3db!
贷:短期借款 5 820 000 DMB"Y,
财务费用 180 000 +)gGs#2X
b.应建议做如下审计调整分录: tG/1pW
借:预计负债 3 000 000 $'^&\U~?
贷:营业外支出 500 000 kGm:VYf%
其他应付款 2 500 000 &} ,*\Oj