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)。 I_Mqh4];
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: ^0,&R\e+
(Expressed in RMB thousands) <|>:UGAR
FINANCLAL STATEMENTS ITEMS =O}
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20×8 R;Ix<y{U
20×7 C>(M+qXL+
KH 6n3 \=
Sales zWR*g/i
64000 O<H@:W#k
48000 XH Zu>[
BzG!Rg|J
Cost of sales .tHv4.ob
54000 d9e H}#OY
42000 xr7<(:d
kosJ]q'U
Net profit {u[K
^G
30 3Jk?)Dy
-20 l8n[8AT1
TQxc?o
S r#fyr
December 31, 20×8 _tauhwu
December 31, 20×7 JcALFKLB
m#}{"d&J
Inventory =*)O80oaW
16000 7_d#XKz@
12000 cK}
A"T. nqB^y
Current assets :92a34
60000 ~6kA<(x
50000 Zo638*32
sB1tce
Total assets C?<XtIoB
100000 }Us$y0W\
90000 5t1DB'K9$_
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Current liabilities =rtA{g$)+
20000 h,jAtL!
18000 #,9TJ:~N
-H]f@|AOw
Total liabilities ;cHI3V
30000 l$_+WC*wp
25000 ~
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Oj|p`Dzh
arH\QPaka'
During the audit, John has the following findings: hy`)]>9z~
(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: kx#L<
Dr. Cash in Bank RMB 5820000 aiX;D/t?
Dr. Financial Expenses RMB 180000 F>-@LOqHy
Cr. Notes Receivable RMB 6000000 2B?i2[a,
(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: -v+^x`HR
Dr. Non-operating Expenses RMB 3000000 ~E|V{z%
Cr. Provisions RMB 3000000 YaZ"&i
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 u4^"E+y^S
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: /F9lW}pd
Dr. Provisions RMB 3000000 U\GZ
Cr. Cash in Bank RMB 2500000 ^{+:w:g
Cr. Non-operating Income RMB 500000 =Bqa<Js
Required: zMqEMx9
(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. aZCT|M1
(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: }
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(a)Inventory Turnover Rate in 20×8; :Ty*i
(b)Gross Profit Ratio in 20×8; scEQD
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(c)After Tax Return on Total Assets in 20×8; and RvZ-w$E&?
(d)Current Ratio as at December 31, 20×8 >"{zrwNq
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. `-YSFQ~O,
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 y8n1IZ*#SZ
以下是未经审计财务报表的部分信息: /+U)!$zm*
(单位:千元) g-gBg\y{v
项目 20×8 20×7 54DR .>O
营业收入 64 000 48 000 M@@O50~
营业成本 54 000 42 000 1e| M6*
净利润 30 -20 yQ&%* ?J
exKmK!FT
20×8年12月31日 20×7年12月31日 ^aWNtY'
:
存货 16 000 12 000 s3!LR2qiF
流动资产 60 000 50 000 3s$.l}
总资产 100 000 90 000 ^b.
MR ?9
流动负债 20 000 18 000
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总负债 30 000 25 000 8mddI
在审计过程中,约翰发现以下事项: eyjUNHeh#
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: O +}EE^*a
借:银行存款5 820 000 fzG1<Gem
财务费用 180 000 8J U~Q
贷:应收票据6 000 000
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(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ^#nWgo7{7
借:营业外支出 3 000 000 ~y^lNgujO
贷:预计负债 3 000 000 XB 7^Ka
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: rM.<Gi05Qe
借:预计负债 3 000 000 9?,.zc^
贷:银行存款 2 500 000 l;kZS
营业外收入 500 000 -s "$I:v
要求: C>VZf,JE1
(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。 4x=Y9w0?8
(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: fG5} '8
(a)20×8年存货周转率 dV
(b)20×8年销售毛利率 WfO$q^'?DP
(c)20×8年总资产净利率 HN@)/5BY
(d)20×8年12月31日的流动比率 6^u(PzlA|~
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) [ i#Gqx>'w
【答案】 E1g$WhXIS
(1)应选择营业收入作为计算重要性水平的基础。 :[03upyS
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 gi >{`.]
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 mj|9x1U)
销售毛利率=(64000-54000)/64000×100%=15.63% M3`A&*\;
总资产净利率=30/[(100000+90000)/2]=0.03% VbR.tz
流动比率=60000/20000=3 Z`t?kXDNoI
(3) >f8,YisH
a.应建议做如下审计调整分录: Jz'+@q6h
借:应收票据 6 000 000 1zW6Pb
贷:短期借款 5 820 000 <Rt@z|Zv
财务费用 180 000 ob
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b.应建议做如下审计调整分录: Jj:4@p:
借:预计负债 3 000 000 .CpO+z
贷:营业外支出 500 000 5C?1`-&65V
其他应付款 2 500 000 OG`Oi^2