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)。 1^\w7Rew2
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: Cu[-<>my
(Expressed in RMB thousands) ~K;QdV=YX
FINANCLAL STATEMENTS ITEMS t2N W$
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20×8 LIZB!S@V \
20×7 Zzlf1#26\
>d/H4;8
Sales ywa*?3?c
64000
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48000 5> x_G#W
YFO{i-*q
Cost of sales XIW0Z C
54000 ]\78(_o.zz
42000 _Iy\,<
Y?0/f[Ax,y
Net profit @]@|H?
30 qLN\%}69/
-20 -JMn?]
V'vR(Wx
cr1x
CPJj
December 31, 20×8 Gt`7i(
December 31, 20×7 cl4E6\?z
V0nQmsP1U
Inventory Y2H-D{a27
16000 fO*jCl
12000 ZitM<Qi&y
*pKTJP
Current assets 8|a./%gixs
60000 nr!N%Hi
50000 O*EV~{
K
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Total assets r"7n2
100000 zCx4DN`
90000 /).{h'^Hq\
a{5SOe;;
Current liabilities >L7s[vKn
20000 ~3&{`9Y
18000 :KLXrr
`9~
%6N?7#
Total liabilities yeo&Qz2vU
30000 .Mt3ec<
25000 j|eA*UE
OZ[ YB
dr
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During the audit, John has the following findings: ^kez]>
(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: %Tm*^
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 8K 3dwoT
Cr. Notes Receivable RMB 6000000 r~4uIUE{
(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: J$dwy$n
Dr. Non-operating Expenses RMB 3000000 IrLGAQ0
Cr. Provisions RMB 3000000 iGN\ >m}
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ahBqYAK9
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: D &
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Dr. Provisions RMB 3000000 hp\&g2_S0W
Cr. Cash in Bank RMB 2500000 pfA6?tP`
Cr. Non-operating Income RMB 500000 JAPr[O&
Required: Rj8%% G-pt
(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. JfY*#({y
(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: C8N)!5(A
(a)Inventory Turnover Rate in 20×8; :=*deZ<
(b)Gross Profit Ratio in 20×8; ^J!q>KJs
(c)After Tax Return on Total Assets in 20×8; and _X6'uJ
(d)Current Ratio as at December 31, 20×8 s{hKl0ds
(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. I2cz:U7
【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。
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以下是未经审计财务报表的部分信息: je4l3Hl
(单位:千元) v3tJtb^'!
项目 20×8 20×7 ]Bw0Qq F#
营业收入 64 000 48 000 d=!:UB
营业成本 54 000 42 000 op,L3:R\Z
净利润 30 -20 TkbaoD
b
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20×8年12月31日 20×7年12月31日 Q?{%c[s
存货 16 000 12 000 y_]+;% w:
流动资产 60 000 50 000 yV30x9i!2
总资产 100 000 90 000 G#M)5'Q]U
流动负债 20 000 18 000 f8
d
3ZK
总负债 30 000 25 000 3
a/n/_D
在审计过程中,约翰发现以下事项: ~Bd=]a$mj
(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:
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借:银行存款5 820 000 *{o7G a
财务费用 180 000 e~'`x38
贷:应收票据6 000 000 !3v&+Jrf6
(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: 2z.ot'
借:营业外支出 3 000 000 2Xb,
i
贷:预计负债 3 000 000 XR5KJl
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: s='+[*&&
借:预计负债 3 000 000 I`>U#x*
贷:银行存款 2 500 000 aQkOQy
营业外收入 500 000 =W(*0"RM
要求: {|;a?]?
(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。 s0kp(t!fiu
(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: 2hE(h
(a)20×8年存货周转率
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(b)20×8年销售毛利率 ITu19WG
(c)20×8年总资产净利率 0}{xH
(d)20×8年12月31日的流动比率 %x)bZ=
An
(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) WWT1= #"
【答案】 hy;VvAH5
(1)应选择营业收入作为计算重要性水平的基础。 md!6@)S-p
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ON ?Y
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 *[Hrbln
销售毛利率=(64000-54000)/64000×100%=15.63% s6H'}[E<
总资产净利率=30/[(100000+90000)/2]=0.03% Fsx?(?tCMo
流动比率=60000/20000=3 BH
Xi g~d
(3) <v"o+
a.应建议做如下审计调整分录: ! -gU~0
借:应收票据 6 000 000 U=>S|>daR
贷:短期借款 5 820 000 @KG0QHyiU
财务费用 180 000 bOY;IB
_
b.应建议做如下审计调整分录: c:R?da
借:预计负债 3 000 000 XtF
m5\U
贷:营业外支出 500 000 NnZW@ln"|
其他应付款 2 500 000 4s\spvJ