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)。 n!AW9]
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: R!%HQA1U
(Expressed in RMB thousands) k q]E@tE*3
FINANCLAL STATEMENTS ITEMS e`U
6JzC
20×8 "+4Jmf9
20×7 CJh,-w{wJ"
}ng?Ar[
Sales qdy(C^(fa
64000 $m~&| s
48000 WtKKdL
*/JYP +
Cost of sales 3s|:7
54000 ?{}P#sn
42000 /F9Dg<#a
'^C
*%"I]
Net profit 94et ]u%7
30 -"S94<Y
-20 h)fsLzn]Tf
livKiX`
63%V_B|
December 31, 20×8 *
U6+b
December 31, 20×7 I^( pZ9
u{va2n/
Inventory j24DL+
16000 Q\}-MiI/
12000 ^|zag
'_V9
FWDZ
Current assets ]P#W\LZp
60000 rM,f7hm[S*
50000 z;P#
T
iL.py,
Total assets i$p2am8f
100000 AG}j'
90000 }aVzr}!
#"~\/sb
Current liabilities 9d^m 7}2
20000 ykJ+LS{+
18000 P_0[spmFU
Dq<DW2It>
Total liabilities 4h_YVG]ur
30000 t_xK?``
25000 R`DzVBLl
~]RfOpq^w
64#Ri!RR}
During the audit, John has the following findings: DnJ `]r
(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: 5,oLl {S'
Dr. Cash in Bank RMB 5820000 _q1\8y
Dr. Financial Expenses RMB 180000 _aOs8#(X
Cr. Notes Receivable RMB 6000000 AaxQBTB
(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: ,wM}h
Dr. Non-operating Expenses RMB 3000000 %XeN_
V
Cr. Provisions RMB 3000000 nyqX\m-
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 pZeOdh
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: 62,dFM7
Dr. Provisions RMB 3000000
Iox )-
Cr. Cash in Bank RMB 2500000 jSHFY]2
Cr. Non-operating Income RMB 500000 0&fO)de96
Required: ~GX
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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. Z2yO /$<
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 0Fon`3(^\
(a)Inventory Turnover Rate in 20×8; t3?I4HQ
(b)Gross Profit Ratio in 20×8; 1$Q[
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(c)After Tax Return on Total Assets in 20×8; and r5UVBV8T
(d)Current Ratio as at December 31, 20×8 1eV&oN#
(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. jQ'g'c!
【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。 EVZ1Z
以下是未经审计财务报表的部分信息: d>mZY66P
(单位:千元) [jlum>K
项目 20×8 20×7 "P@ SR`v#
营业收入 64 000 48 000
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营业成本 54 000 42 000 u
6?9#L(
净利润 30 -20 _V1:'T8
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20×8年12月31日 20×7年12月31日 w9<'0wcs
存货 16 000 12 000 r,.j^a
流动资产 60 000 50 000 60{DR >S
总资产 100 000 90 000 #k)z5vZ$h
流动负债 20 000 18 000 ~7KH/%Z-
总负债 30 000 25 000 N9#xT X
在审计过程中,约翰发现以下事项: d9U)O6=
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: gsEcvkj*
借:银行存款5 820 000 7]1a3Jk
财务费用 180 000 @$^4Av-
贷:应收票据6 000 000 elhP!"G
(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: {V(~
借:营业外支出 3 000 000 YJHb\Cf.
贷:预计负债 3 000 000 $
-<(geI
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: <_t]?XHB[
借:预计负债 3 000 000 b(R.&X
贷:银行存款 2 500 000 C{^I}p
营业外收入 500 000 psmDGSm,&
要求: WHv6E!^\_
(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。 =`|Bof
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(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: ZAy/u@qt
(a)20×8年存货周转率 R\&z3<-S
(b)20×8年销售毛利率 SE' |||B
(c)20×8年总资产净利率 9'sZi}rT
(d)20×8年12月31日的流动比率 56c[$ q
(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) /1{:uh$
【答案】 ?t6wozib2
(1)应选择营业收入作为计算重要性水平的基础。 }PBL
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ,4'y(X<R
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 u&S0
销售毛利率=(64000-54000)/64000×100%=15.63% `i(b%$|^&Z
总资产净利率=30/[(100000+90000)/2]=0.03% H<fi,"X^
流动比率=60000/20000=3 PPySOkmS3
(3) 1Dhe!
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a.应建议做如下审计调整分录: B@ufrQ#Y.
借:应收票据 6 000 000 c;"e&tW
贷:短期借款 5 820 000 =8tK]lb
财务费用 180 000 ^{=UKf{
b.应建议做如下审计调整分录: CEw%_U@8
借:预计负债 3 000 000 [QQM/ ?
贷:营业外支出 500 000 gfIS
其他应付款 2 500 000 d`flYNg4