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)。 A`r$fCt1Vi
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: >f9]Nj
(Expressed in RMB thousands) G){1`gAhNJ
FINANCLAL STATEMENTS ITEMS \)6?u_(u
20×8 }M"'K2_Z
20×7 1>O0Iu
_o=`-iy9
Sales ",,qFM!
64000 ?;r7j V/`j
48000 w|U@jr*H]
D3Ea2}8
Cost of sales <3]/ms
54000 <pa];k(IQL
42000 eB1eUK>
mrBhvp""
Net profit EXM/>PG
30 ^SL}wC x
-20
oCru 5F
JeSkNs|vB
#$
raUNr
December 31, 20×8 <a/ZOuBzZ
December 31, 20×7 7$!Bq#
BDm H^`V
Inventory w `9GygS
16000 h"%,eW|^
12000 S
g_?.XZc[
+Y%I0.?&5
Current assets J,2v~Dq
60000 cF>;f(X
50000 W
SeRV?+T
9$w)_RX9W
Total assets C@:N5},]
100000 N7|W.(
90000 u*YuU%H=
t"@|;uPAu
Current liabilities LAjw!QB
20000 S>zKD
18000 T)?@E/VaS
KHC(MdZ
Total liabilities U";Rp&
\3;
30000 a/xCl
:=8q
25000 *g
_>eNpXD
j1C0LP8
ViC
76aJ
During the audit, John has the following findings: G}OrpPP
(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: 9<#R;eIsv
Dr. Cash in Bank RMB 5820000 ?Pf
,5=*B
Dr. Financial Expenses RMB 180000 4w
Cr. Notes Receivable RMB 6000000 _3?xIT
(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: a\.?
{/
Dr. Non-operating Expenses RMB 3000000 (IWd?,H,n
Cr. Provisions RMB 3000000 Z|7I }i
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 m*WEge*$t
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: <L[)P{jn?p
Dr. Provisions RMB 3000000 S %%qn
Cr. Cash in Bank RMB 2500000 R~u7;Wv
Cr. Non-operating Income RMB 500000 pc(9(. |
Required: A7}|VV
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. O&1p2!Bk4
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ]7ZC>.t
(a)Inventory Turnover Rate in 20×8;
.Sth
(b)Gross Profit Ratio in 20×8; 7VD7di=D
(c)After Tax Return on Total Assets in 20×8; and KuAGy*:4T
(d)Current Ratio as at December 31, 20×8 [&59n,R`
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. X>YOo~yS5
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 CKK5+
以下是未经审计财务报表的部分信息: H0:6zSsc=|
(单位:千元) W`rE\P
项目 20×8 20×7 A.*nDl`H
营业收入 64 000 48 000 IBHG1<3
营业成本 54 000 42 000 &~6O;}\
净利润 30 -20 81 Not
=
ft$j
20×8年12月31日 20×7年12月31日 'r3}= z4Y
存货 16 000 12 000 {nWtNyJpS
流动资产 60 000 50 000 ph. :~n>z
总资产 100 000 90 000 Fgq*3t
流动负债 20 000 18 000 /60=N`i
总负债 30 000 25 000 57%cN-
v*
在审计过程中,约翰发现以下事项: uy28=BE
(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: Ji:@z%osr
借:银行存款5 820 000 Z%d4V<fn
财务费用 180 000 Q9
",
贷:应收票据6 000 000 VZl0)YLK
(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: f\_Q+!^
借:营业外支出 3 000 000 U/lra&P
贷:预计负债 3 000 000 LA3,e (e
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: 0pG(+fN_9
借:预计负债 3 000 000 &cejy>K
贷:银行存款 2 500 000 M0\[hps~X
营业外收入 500 000 P?-44m#
要求: e 2&i
(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。 /R?uxhV
(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: D($UbT-v
(a)20×8年存货周转率 |/ 7's'
(b)20×8年销售毛利率 @Kb~!y@G
(c)20×8年总资产净利率 ?
=Qg
(d)20×8年12月31日的流动比率 UYLI>XSd
(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) ]zAg6*-/B
【答案】 ;0{*V5A
(1)应选择营业收入作为计算重要性水平的基础。 'GT`%c k
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\{_)L
T0C'$1T
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 `2+52q<FO
销售毛利率=(64000-54000)/64000×100%=15.63% tV%\Jk),
总资产净利率=30/[(100000+90000)/2]=0.03% FV,SA3
流动比率=60000/20000=3 a_j#l(] 9
(3) +#9 (T
a.应建议做如下审计调整分录: G7xjW6^T
借:应收票据 6 000 000 4H'&5
贷:短期借款 5 820 000 b8Sl3F?-~
财务费用 180 000 ~|]\.^B
b.应建议做如下审计调整分录: nr6U>
KR^
借:预计负债 3 000 000 jl7-"V>j?;
贷:营业外支出 500 000 `84yGXLK
其他应付款 2 500 000 "a
H]4DO