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)。 rm_Nn8p,
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: 6eCCmIdaM
(Expressed in RMB thousands) zuCSj~
FINANCLAL STATEMENTS ITEMS %iB,IEw
20×8 +7}]E1Uf
20×7 V]^$S"Tv
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1
Sales h+
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64000 >Q*Wi
48000 B5QFK
*zLMpL_
Cost of sales 5r0YA
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54000 KPki}'GO
42000 -\MG}5?!
;{6~Bq9
Net profit *1"+%Z^
30 tJmTBsn
-20 6u%&<")4HP
pCG}ZKa
/wv0i3_e
December 31, 20×8 XPPdwTOr
December 31, 20×7 ~
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05R@7[GWq
Inventory pfPz8L.7
16000 gM]:Ma
12000 c@Is2
9t*
(k P9hcV
Current assets QGz|*]
60000 +T+#q@
50000 76SXJ9@x
JGZBL{8
Total assets n"8Yv~v*2j
100000 3g
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90000 Ul#
r
$VR{q6[0S?
Current liabilities >mkFV@`
20000 p4QU9DF
18000 ~"bVL[
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Total liabilities so
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30000 |BYRe1l6l
25000 #K&Gp-
` %}RNC
3U}%2ARo_
During the audit, John has the following findings: xx $cnG
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ig"L\ C"T
Dr. Cash in Bank RMB 5820000 ,)io5nZF
Dr. Financial Expenses RMB 180000 d_CT$
Cr. Notes Receivable RMB 6000000 1H9!5=Ff
(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: _dU\JD
Dr. Non-operating Expenses RMB 3000000 p}P-6&k,U
Cr. Provisions RMB 3000000 {[F A#
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 sq]F;=[5
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: c " ,*h
Dr. Provisions RMB 3000000 ,z6~?6m
Cr. Cash in Bank RMB 2500000 SWLo|)@[/
Cr. Non-operating Income RMB 500000 q\)-BXw:
Required: k=^xVQuI
(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. ('~LMu_
(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: lx i
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(a)Inventory Turnover Rate in 20×8; DwF hK*
(b)Gross Profit Ratio in 20×8; V)4J`xg^
(c)After Tax Return on Total Assets in 20×8; and 31)&vf[[
(d)Current Ratio as at December 31, 20×8 P2Y^d#jO
(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. 6C
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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。 ?ubro0F:
以下是未经审计财务报表的部分信息: =M-p/uB]
(单位:千元) =c7;r]
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项目 20×8 20×7 L(\cH b9`
营业收入 64 000 48 000 \NC3'G:Ii
营业成本 54 000 42 000 nFn5v'g
净利润 30 -20 pk~WrqK}
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= KPT''!
20×8年12月31日 20×7年12月31日 GthYzd:'hJ
存货 16 000 12 000 adw2x pj
流动资产 60 000 50 000 05[SC}MCA
总资产 100 000 90 000 @ P|y{e6
流动负债 20 000 18 000 D{!IW!w
总负债 30 000 25 000 zreU')a
在审计过程中,约翰发现以下事项: 0IpmRH/
(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: s`UJ1eJ
借:银行存款5 820 000 @pxcpXCy
财务费用 180 000 _4f;<FL
贷:应收票据6 000 000 hOeRd#AQK
(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: pJ{Y
lS{
借:营业外支出 3 000 000 i9$
Av
贷:预计负债 3 000 000 r
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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 +h$
9\
贷:银行存款 2 500 000 uq{beC
营业外收入 500 000 Wjc'*QCPl
要求: nP$9CA
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ZB{Em B0W
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: ~5g ~;f[4
(a)20×8年存货周转率 %3rP
`A
(b)20×8年销售毛利率 \Cj B1]I
(c)20×8年总资产净利率 /(LL3cZK
(d)20×8年12月31日的流动比率 <QvOs@i*
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) *h|U,T7ew
【答案】 3sk9`=[{$
(1)应选择营业收入作为计算重要性水平的基础。 *`U~?q}
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 0aAoV0fMDz
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ME d
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销售毛利率=(64000-54000)/64000×100%=15.63% S[N5 ikg
总资产净利率=30/[(100000+90000)/2]=0.03% `2snz1>!j
流动比率=60000/20000=3 fZ. ONq
(3) XilS!,
a.应建议做如下审计调整分录: he4(hX^
借:应收票据 6 000 000 $u.z*b_yy
贷:短期借款 5 820 000 626r^c=
财务费用 180 000 g5yJfRLxp
b.应建议做如下审计调整分录: fIF8%J ^3
借:预计负债 3 000 000 z:;CX@)*
贷:营业外支出 500 000 v:U-6W_)|
其他应付款 2 500 000 ?8$Q-1=