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)。 |)b:@q3k+n
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: Ks\\2$Cm7
(Expressed in RMB thousands) TX$4x~:
FINANCLAL STATEMENTS ITEMS 2~)r,.,
20×8 >\ x!a:}
20×7 ^?-wov$
>4]y)df5
Sales G"nGaFT~
64000 G^qt@,n$;
48000 Ql{:H5
rtZEK:.#
Cost of sales t-VU&.Y
54000 7s}Eq~
42000 D;+sStZK3
@agxu-Y
Net profit ]T1\gv1~
30 bDT@E,cSi
-20 F`RPXY`ux
W?R@ eq.9
J @^Ypq
December 31, 20×8 8>a%L?BY
December 31, 20×7 O7# 8g$ZIv
4)NbQ[
Inventory !]t5(g_
16000 ] Wx?k7T
12000 *`~]XM@H
eizni\
Current assets pra0:oHN
60000 TWSx9ii!M:
50000 U~q2j#pJ
q cGsx2
Total assets u{%dm5
100000 :fA|J!^b[
90000 QHgkfo
Vi'zSR28Z
Current liabilities uXo?
20000 w,eW?b
18000 0rCQz3gh1
vX<^x2~9(
Total liabilities EClx+tz;`
30000 H_>9'(
25000 X|dlVNL8p
a9g~(#?a
\"1%>O*
During the audit, John has the following findings: >.&E-1[
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(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: 0t2n7Y?N
Dr. Cash in Bank RMB 5820000 W}'l8z]
Dr. Financial Expenses RMB 180000 sr-tZ^d5S?
Cr. Notes Receivable RMB 6000000 #&K? N
(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: {wvBs87
Dr. Non-operating Expenses RMB 3000000 JiFB<Q\
Cr. Provisions RMB 3000000 j] J-#J
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 WYd9p; k
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: !4+ FN)
Dr. Provisions RMB 3000000 =hi{J
M
Cr. Cash in Bank RMB 2500000 @Io@1[k j
Cr. Non-operating Income RMB 500000 kc/"
Required: @wcrtf~{)&
(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. 9Xh1i`.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: t 09-y
(a)Inventory Turnover Rate in 20×8; TW-^C;
(b)Gross Profit Ratio in 20×8; !nL>Ly
(c)After Tax Return on Total Assets in 20×8; and BKKW3PT
(d)Current Ratio as at December 31, 20×8 @ |D#lBm
(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. Q#zU0K*^
【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。 6o&ZS @
以下是未经审计财务报表的部分信息: 2hsRYh
(单位:千元) W5Vh+'3
项目 20×8 20×7 NK6~qWsu
营业收入 64 000 48 000 Scfe6+\EW
营业成本 54 000 42 000 {'sp8:$a
净利润 30 -20 jM:|%o
*R3^:Y&
20×8年12月31日 20×7年12月31日 PFjh]/=
存货 16 000 12 000 w_#C8}2
流动资产 60 000 50 000 m
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总资产 100 000 90 000 DO6
p v
流动负债 20 000 18 000 .S[M:<<*
总负债 30 000 25 000 4Q:r83#
在审计过程中,约翰发现以下事项: $},_O8R
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: c!N#nt_<
借:银行存款5 820 000 l'7'G$v
财务费用 180 000 jE
n9T
贷:应收票据6 000 000 mcTC'. 9
(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: Mh]4K"cs
借:营业外支出 3 000 000 ai"N;1/1O|
贷:预计负债 3 000 000 iLQ;`/j
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: ;$3epP
借:预计负债 3 000 000
)=AWgA
贷:银行存款 2 500 000 sKC(xO@L;`
营业外收入 500 000 }kSP p
要求: >4bWXb'S}C
(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。 |k#EYf#Y
(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: B]I*ymc#
(a)20×8年存货周转率 <[vsGUbc
(b)20×8年销售毛利率 AnoA5H
(c)20×8年总资产净利率 b%7zu}F
(d)20×8年12月31日的流动比率 )j!%`g
(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) v%7Gh-P
【答案】 M[cAfu
(1)应选择营业收入作为计算重要性水平的基础。 )JY#8,{w
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 V/tl-;W
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 duc\/S'
销售毛利率=(64000-54000)/64000×100%=15.63% z9w]{Zd_,d
总资产净利率=30/[(100000+90000)/2]=0.03% +
wfZFJ:1l
流动比率=60000/20000=3 [9yd29pQ]
(3) V`@/"Dj j
a.应建议做如下审计调整分录: sl`?9-_[
借:应收票据 6 000 000 R)-~5"}~
贷:短期借款 5 820 000 #'.
' |z
财务费用 180 000 q8MyEoc:n
b.应建议做如下审计调整分录: Zt}b}Bz
借:预计负债 3 000 000 J;ycAF ~
贷:营业外支出 500 000 ! LCy:>i!d
其他应付款 2 500 000 {4*5Z[