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)。 OP/DWf
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: SxF'2ii
(Expressed in RMB thousands) *p/,Z2f
FINANCLAL STATEMENTS ITEMS gP_N|LuF"
20×8 <4rnOQ:
20×7 }`=7%b`-?
L0w6K0J4
Sales /@:X0}L
64000 l7`{ O/hN
48000 HT<p=o'$Z
3.W[]zH/u
Cost of sales !
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54000 j!+jLm!l
42000 6Bq_<3P_
<]Td7-n
Net profit rLTBBvV
30 ?G `m;S
-20 Q/o,2R
Pe`mZCd^
aM5]cc%
December 31, 20×8 z;JV3)E
December 31, 20×7 ?LMQz=
dD,}
i$
Inventory 8063LWV
16000 8AR8u!;8
12000 [,Ehu<mEK
!wp1Df[
Current assets l~J d>9DwY
60000 "B'c;0@q
50000 ,Zmjw@w
kk
fWiPO^
Total assets ]SJ#:7
100000 y[N0P0r l:
90000 $;5Q
mKQ'
xPZ
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Current liabilities Y`~B> J
20000 l'I:0a
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18000 HOx4FXPs
I>?oVY6M@u
Total liabilities puPI^6y%
30000 \'~
E%=Q
25000 8-#kY}d.
WW:G(
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During the audit, John has the following findings: R-%6v2;ry
(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: :#:|:q.]
Dr. Cash in Bank RMB 5820000 A8f.h5~9
Dr. Financial Expenses RMB 180000 A}
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Cr. Notes Receivable RMB 6000000 6Vnq|;W3Zv
(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: @43psq1
Dr. Non-operating Expenses RMB 3000000 aL1%BGlmZ<
Cr. Provisions RMB 3000000 xMr,\r'+
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }Xj25` x
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: 0+SDFh
Dr. Provisions RMB 3000000 hywcj\[
Cr. Cash in Bank RMB 2500000 ]g-%7g|
Cr. Non-operating Income RMB 500000 Zv!`R($
Required: qfsPX6]
(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. xhP~]akHN7
(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: y#'hOSR2
(a)Inventory Turnover Rate in 20×8; }{R*pmv$bN
(b)Gross Profit Ratio in 20×8; uZ
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(c)After Tax Return on Total Assets in 20×8; and |aDBp
(d)Current Ratio as at December 31, 20×8 OZ\6qMH3e
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. wPg/.N9H
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 8>YF
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以下是未经审计财务报表的部分信息: C*mVM!D);!
(单位:千元) 811>dVq3/
项目 20×8 20×7 >!Yuef
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营业收入 64 000 48 000 ~5,^CTAM
营业成本 54 000 42 000 F*P0=DD
净利润 30 -20 =TD`P et
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20×8年12月31日 20×7年12月31日 e|Ri
存货 16 000 12 000 oPi>]#X
流动资产 60 000 50 000 w(@r-2D"
总资产 100 000 90 000 J+/}m}bx
流动负债 20 000 18 000 Uxjc&o
总负债 30 000 25 000 AJ7w_'u=@
在审计过程中,约翰发现以下事项: c|/HX%Y
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ;TL.QN/l
借:银行存款5 820 000 \D|IN'!D
财务费用 180 000 529b. |
贷:应收票据6 000 000 -PV1x1|
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: D|q~n)TW5
借:营业外支出 3 000 000 C
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XS
贷:预计负债 3 000 000 s#Dj>Fej
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: L('1NN2
借:预计负债 3 000 000 Et3]n$
贷:银行存款 2 500 000 HAn{^8"@
营业外收入 500 000 f=^xU
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要求: E7$&:xqx
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 mGE!,!s}
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: x)C}
(a)20×8年存货周转率 F
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(b)20×8年销售毛利率 2u$-(JfoS
(c)20×8年总资产净利率 "'CvB0>
(d)20×8年12月31日的流动比率 [oh06_rB
(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) @6UtnX'd
【答案】 Qx
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(1)应选择营业收入作为计算重要性水平的基础。 ]c>@RXY'
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 aEN` `
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 g`pq*D
销售毛利率=(64000-54000)/64000×100%=15.63% n%3!)/$
总资产净利率=30/[(100000+90000)/2]=0.03% vzSb(
流动比率=60000/20000=3 `Na()r$T
(3) 4AJ] qu
a.应建议做如下审计调整分录: r~,y3L6ic
借:应收票据 6 000 000 SWrTM
贷:短期借款 5 820 000 ?TA7i b_
财务费用 180 000 %"`p&aE:
b.应建议做如下审计调整分录: =d8Rij-
借:预计负债 3 000 000 @JGmOwZ
贷:营业外支出 500 000 m4m-JD|v
其他应付款 2 500 000 uq3pk3
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