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)。 DmVP
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: 22P$ ~ch
(Expressed in RMB thousands) {yU+)t(.
FINANCLAL STATEMENTS ITEMS f&,{XZ
20×8 O#EV5FeF.
20×7 e,_
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Sales Nr<`Z
64000 Si9Z>MR
48000 7r+g8+4
g @I6$Z
Cost of sales ; |/leu8
54000 NC qo@vE
42000 jeyLL<
~n')&u{
Net profit ,vqr<H9e
30 %owsBO+
-20 FOwDp0
Wjh/M&,
8n BL\{'B[
December 31, 20×8 0Z<I%<8bK
December 31, 20×7 2jsw"aHW
Y!q!5Crfi
Inventory ik|-L8
16000 '1fNBH2
12000 qjAWeS/
,B&fFis
Current assets @;xMs8@
60000 WnUweSdW
50000 +(D$9{y
AB Xl
Total assets ,6!rR,0
100000
d8SE,A&
90000 SjjIr ^
v1k)hFjPK
Current liabilities *tOG*hwdT
20000 6<,dRn
18000 aKUS5jDu
jJ4qR:]
Total liabilities X1[CX&Am
30000 iz(u=/*\
25000 /<CS
VJ_r
]W0EVf=,k
_mS!XF~`P
During the audit, John has the following findings: b5IA"w
(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: b96%"
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Dr. Cash in Bank RMB 5820000 O?8Ni=]
Dr. Financial Expenses RMB 180000 OX%MP!#KU
Cr. Notes Receivable RMB 6000000 xt'tL:d
(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: vB37M@wm
Dr. Non-operating Expenses RMB 3000000 "x941}
Cr. Provisions RMB 3000000 w#JJXXQI
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 aw?=hXR!
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: ;n=. {[,
Dr. Provisions RMB 3000000 6~#Ih)K
Cr. Cash in Bank RMB 2500000 U7xmC
Cr. Non-operating Income RMB 500000 k *R<,
Required: Sp}D;7
(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. 7f<EoSK
(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: G
a;.a
(a)Inventory Turnover Rate in 20×8; -IlJ^Al4
(b)Gross Profit Ratio in 20×8; `G1&Z]z
(c)After Tax Return on Total Assets in 20×8; and P^MOx4
(d)Current Ratio as at December 31, 20×8 sC00un%
(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. "M
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【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。 1[*U
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以下是未经审计财务报表的部分信息: ~Au,#7X)
(单位:千元) :[@k<8<]
项目 20×8 20×7 (vR 9H(#
营业收入 64 000 48 000 wn>edn
营业成本 54 000 42 000
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净利润 30 -20 E6Rz@"^XV
iFSJL,QZ3
20×8年12月31日 20×7年12月31日 3:"]Rn([P
存货 16 000 12 000 dk
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流动资产 60 000 50 000 ULc`~]
总资产 100 000 90 000 b1pQ`qt
流动负债 20 000 18 000 >$gG/WD?KR
总负债 30 000 25 000 KPSh#x&I
在审计过程中,约翰发现以下事项: 5`~mmAUk;`
(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: G.+l7bnZM
借:银行存款5 820 000 z|G9,:9
财务费用 180 000 nfb]VN~(
贷:应收票据6 000 000 9[v1h,L
(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: OE)~yKy
借:营业外支出 3 000 000 gADmN8G=
贷:预计负债 3 000 000 k>}g\a,
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:
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借:预计负债 3 000 000 y AF+bCXo
贷:银行存款 2 500 000 =1h9rlFj"D
营业外收入 500 000 "O+5R(XT
要求: 0Q1FL MLV
(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。 GwsY-jf
(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: qZ@0]"h
(a)20×8年存货周转率 Kzy/9
(b)20×8年销售毛利率 A6<C-1
N}j
(c)20×8年总资产净利率 6nDV1O5
(d)20×8年12月31日的流动比率 ]"AyAkT(
(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) ^IZ)#1U
【答案】 d
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(1)应选择营业收入作为计算重要性水平的基础。 M_B:{%4
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 J MX6yV
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 1rw0sAuGy
销售毛利率=(64000-54000)/64000×100%=15.63% s30
O@M))
总资产净利率=30/[(100000+90000)/2]=0.03% ||2Q~*:
流动比率=60000/20000=3 J2GcBzRH
(3) @#+jMV$g
a.应建议做如下审计调整分录: lM\LN^f5*
借:应收票据 6 000 000 z;]CmR@Ki
贷:短期借款 5 820 000 sK$wN4k
财务费用 180 000
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b.应建议做如下审计调整分录:
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借:预计负债 3 000 000 %kf>&b,Mi
贷:营业外支出 500 000
NW$H"}+o
其他应付款 2 500 000 P#kGX(G9!