六、英文附加題（本題型共1題，共10分。有小數(shù)點的，保留兩位小數(shù)。小數(shù)點兩位后四舍五入。用英文在答題卷上解答，答在試題卷上無效）。
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:
（Expressed in RMB thousands）
FINANCLAL STATEMENTS ITEMS 20×8
20×7
Sales
64000
48000
Cost of sales
54000
42000
Net profit
30
-20
December 31, 20×8
December 31, 20×7
Inventory
16000
12000
Current assets
60000
50000
Total assets
100000
90000
Current liabilities
20000
18000
Total liabilities
30000
25000
During the audit, John has the following findings:
(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:
Dr. Cash in BankRMB 5820000
Dr. Financial Expenses RMB 180000
Cr. Notes Receivable RMB 6000000
(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:
Dr. Non-operating Expenses RMB 3000000
Cr. Provisions RMB 3000000
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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:
Dr. Provisions RMB 3000000
Cr. Cash in Bank RMB 2500000
Cr. Non-operating Income RMB 500000
Required:
(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.
(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:
(a)Inventory Turnover Rate in 20×8;
(b)Gross Profit Ratio in 20×8;
(c)After Tax Return on Total Assets in 20×8; and
(d)Current Ratio as at December 31, 20×8
(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.
【答案】
（1）Revenue is more appropriate to be used to calculate planning materiality because revenue is more consistent and stable than net profit. Net profit could be positive for one year and negative next year.
（2）Inventory Turnover Rate in 20×8＝54 000/[（16000+12000）/2]＝3.86
Gross Profit Ratio in 20×8＝（64000-54000）/64000×100％＝15.63％
After Tax Return on Total Assets in 20×8＝30/[（100000+90000）/2]＝0.03％
Current Ratio as at December 31, 20×8＝60000/20000＝3
（3）
a.
Dr.Notes Receivable 6 000 000
Cr. Short-term loan 5 820 000
Cr. Financial Expenses180 000
b.
Dr. Provisions 3 000 000
Cr. non operating expenses 500 000
Cr. Other payables 2 500 000
【中文翻譯】注冊會計師約翰負責審計A公司20×8年12月31日的財務報表。
以下是未經(jīng)審計財務報表的部分信息：
項目
20×8
20×7
營業(yè)收入
64 000
48 000
營業(yè)成本
54 000
42 000
凈利潤
30
-20
20×8年12月31日
20×7年12月31日
存貨
16 000
12 000
流動資產(chǎn)
60 000
50 000
資產(chǎn)總額
100 000
90 000
流動負債
20 000
18 000
負債總額
30 000
25 000
在審計過程中，約翰發(fā)現(xiàn)以下事項：
（1）20×8年12月31日，A公司將未到期金額為人民幣6 000 000元的商業(yè)承兌票據(jù)（附追索權）貼現(xiàn)，銀行收取了人民幣180 000元的貼現(xiàn)利息。A公司在20×8年12月31日做會計分錄：
借：銀行存款5 820 000
財務費用 180 000
貸：應收票據(jù)6 000 000
（2） 20×8年6月，A公司為B公司在C銀行的貸款提供了擔保。20×8年12月，由于B公司未能及時償還貸款，A公司被銀C行起訴，要求償還貸款3 000 000元。20×8年12月31日官司尚未判決，根據(jù)管理層對擔保損失的合理性估計，A公司做出以下會計分錄：
借：營業(yè)外支出3 000 000
貸：預計負債 3 000 000
20×9年1月10日，A公司收到法院判決：A公司應賠償C銀行人民幣 2 500 000元。A公司支付了這筆款項，并于20×9年1月末將做出如下會計分錄：
借：預計負債 3 000 000
貸：銀行存款2 500 000
營業(yè)外收入 500 000
要求：
（1）在營業(yè)收入和凈利潤兩者之中，選擇一個用于計算A公司20×8年財務報表層次的計劃重要性水平，兩者中哪一個更合適一些？并說明理由。
（2）根據(jù)以上未經(jīng)審計的財務報表信息，運用分析程序分析重大錯報風險，請計算以下比率：
（a）20×8年存貨周轉(zhuǎn)率
（b）20×8年銷售毛利率
（c）20×8年總資產(chǎn)凈利率
（d）20×8年12月31日的流動比率
（3）根據(jù)上述事項，注冊會計師約翰應提出哪些審計調(diào)整建議，并列示調(diào)整分錄。（調(diào)整分錄不考慮所得稅的影響）
【答案】
（1）應選擇營業(yè)收入作為計算重要性水平的基礎。
因為營業(yè)收入具有穩(wěn)定性，凈利潤有虧轉(zhuǎn)盈，不具有穩(wěn)定性。
（2）存貨周轉(zhuǎn)率＝54 000/[（16000+12000）/2]＝3.86
銷售毛利率＝（64000-54000）/64000×100％＝15.63％
總資產(chǎn)凈利率＝30/[（100000+90000）/2]＝0.03％
流動比率＝60000/20000＝3
（3）
a.應建議做如下審計調(diào)整分錄：
借：應收票據(jù) 6 000 000
貸：短期借款 5 820 000
財務費用180 000
b.應建議做如下審計調(diào)整分錄：
借：預計負債 3 000 000
貸：營業(yè)外支出 500 000
其他應付款 2 500 000
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:
（Expressed in RMB thousands）
FINANCLAL STATEMENTS ITEMS 20×8
20×7
Sales
64000
48000
Cost of sales
54000
42000
Net profit
30
-20
December 31, 20×8
December 31, 20×7
Inventory
16000
12000
Current assets
60000
50000
Total assets
100000
90000
Current liabilities
20000
18000
Total liabilities
30000
25000
During the audit, John has the following findings:
(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:
Dr. Cash in BankRMB 5820000
Dr. Financial Expenses RMB 180000
Cr. Notes Receivable RMB 6000000
(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:
Dr. Non-operating Expenses RMB 3000000
Cr. Provisions RMB 3000000
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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:
Dr. Provisions RMB 3000000
Cr. Cash in Bank RMB 2500000
Cr. Non-operating Income RMB 500000
Required:
(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.
(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:
(a)Inventory Turnover Rate in 20×8;
(b)Gross Profit Ratio in 20×8;
(c)After Tax Return on Total Assets in 20×8; and
(d)Current Ratio as at December 31, 20×8
(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.
【答案】
（1）Revenue is more appropriate to be used to calculate planning materiality because revenue is more consistent and stable than net profit. Net profit could be positive for one year and negative next year.
（2）Inventory Turnover Rate in 20×8＝54 000/[（16000+12000）/2]＝3.86
Gross Profit Ratio in 20×8＝（64000-54000）/64000×100％＝15.63％
After Tax Return on Total Assets in 20×8＝30/[（100000+90000）/2]＝0.03％
Current Ratio as at December 31, 20×8＝60000/20000＝3
（3）
a.
Dr.Notes Receivable 6 000 000
Cr. Short-term loan 5 820 000
Cr. Financial Expenses180 000
b.
Dr. Provisions 3 000 000
Cr. non operating expenses 500 000
Cr. Other payables 2 500 000
【中文翻譯】注冊會計師約翰負責審計A公司20×8年12月31日的財務報表。
以下是未經(jīng)審計財務報表的部分信息：
項目
20×8
20×7
營業(yè)收入
64 000
48 000
營業(yè)成本
54 000
42 000
凈利潤
30
-20
20×8年12月31日
20×7年12月31日
存貨
16 000
12 000
流動資產(chǎn)
60 000
50 000
資產(chǎn)總額
100 000
90 000
流動負債
20 000
18 000
負債總額
30 000
25 000
在審計過程中，約翰發(fā)現(xiàn)以下事項：
（1）20×8年12月31日，A公司將未到期金額為人民幣6 000 000元的商業(yè)承兌票據(jù)（附追索權）貼現(xiàn)，銀行收取了人民幣180 000元的貼現(xiàn)利息。A公司在20×8年12月31日做會計分錄：
借：銀行存款5 820 000
財務費用 180 000
貸：應收票據(jù)6 000 000
（2） 20×8年6月，A公司為B公司在C銀行的貸款提供了擔保。20×8年12月，由于B公司未能及時償還貸款，A公司被銀C行起訴，要求償還貸款3 000 000元。20×8年12月31日官司尚未判決，根據(jù)管理層對擔保損失的合理性估計，A公司做出以下會計分錄：
借：營業(yè)外支出3 000 000
貸：預計負債 3 000 000
20×9年1月10日，A公司收到法院判決：A公司應賠償C銀行人民幣 2 500 000元。A公司支付了這筆款項，并于20×9年1月末將做出如下會計分錄：
借：預計負債 3 000 000
貸：銀行存款2 500 000
營業(yè)外收入 500 000
要求：
（1）在營業(yè)收入和凈利潤兩者之中，選擇一個用于計算A公司20×8年財務報表層次的計劃重要性水平，兩者中哪一個更合適一些？并說明理由。
（2）根據(jù)以上未經(jīng)審計的財務報表信息，運用分析程序分析重大錯報風險，請計算以下比率：
（a）20×8年存貨周轉(zhuǎn)率
（b）20×8年銷售毛利率
（c）20×8年總資產(chǎn)凈利率
（d）20×8年12月31日的流動比率
（3）根據(jù)上述事項，注冊會計師約翰應提出哪些審計調(diào)整建議，并列示調(diào)整分錄。（調(diào)整分錄不考慮所得稅的影響）
【答案】
（1）應選擇營業(yè)收入作為計算重要性水平的基礎。
因為營業(yè)收入具有穩(wěn)定性，凈利潤有虧轉(zhuǎn)盈，不具有穩(wěn)定性。
（2）存貨周轉(zhuǎn)率＝54 000/[（16000+12000）/2]＝3.86
銷售毛利率＝（64000-54000）/64000×100％＝15.63％
總資產(chǎn)凈利率＝30/[（100000+90000）/2]＝0.03％
流動比率＝60000/20000＝3
（3）
a.應建議做如下審計調(diào)整分錄：
借：應收票據(jù) 6 000 000
貸：短期借款 5 820 000
財務費用180 000
b.應建議做如下審計調(diào)整分錄：
借：預計負債 3 000 000
貸：營業(yè)外支出 500 000
其他應付款 2 500 000