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)。 "'c
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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: -<5H8P-
(Expressed in RMB thousands) &^ =Y76
FINANCLAL STATEMENTS ITEMS e pAC%a
20×8 HF%)ip+
20×7 ! ?m8UE
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Sales vFGVz
64000 i^/D_L.
48000 D]Gt=2\NG9
":Pfi!9Wl
Cost of sales SA6.g2pFz
54000 h{Y#. j~aS
42000 ;hPo5uZQ
Q#I?nBin
Net profit _MGhG{p7t
30 x;/%`gKn8
-20 ;<v9i#K5
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December 31, 20×8 7A>glZ/x
December 31, 20×7 -MeO|HWm
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Inventory j=w`%nh4"f
16000 gx6$:j;
12000 @RS
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Current assets Z65]|
60000 ,:/3'L
50000 -\fn \n
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Total assets 4K$d%
100000 J+8T Ie
90000 sm @Ot~;
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Current liabilities 8Vqh1<
20000 Yc1ve
18000 <o\I C?A
V s1Z$HS`
Total liabilities l050n9#9p
30000 xn4-^2
25000 T=->~@5
m-!Uy$yM
EXYr_$gRs
During the audit, John has the following findings: i9k/X&V
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 38eeRo
Dr. Cash in Bank RMB 5820000 /CN`U7:E
Dr. Financial Expenses RMB 180000 |0/~7l
Cr. Notes Receivable RMB 6000000
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(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows:
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Dr. Non-operating Expenses RMB 3000000 69u"/7X
Cr. Provisions RMB 3000000 m%km@G$
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }W k!):=y
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: (lVHKg&U[
Dr. Provisions RMB 3000000 S-k:+ 4
Cr. Cash in Bank RMB 2500000 cp>1b8l6?
Cr. Non-operating Income RMB 500000 IXef}%1N?
Required: R7d4
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(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. *_7%n-k
(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: |\MgE.N
(a)Inventory Turnover Rate in 20×8; uDpCW}
(b)Gross Profit Ratio in 20×8; &*N;yW""f
(c)After Tax Return on Total Assets in 20×8; and [<M~6]
(d)Current Ratio as at December 31, 20×8 u4a(AB>S
(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. 6vQCghI
【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。 td#B$$[
以下是未经审计财务报表的部分信息: &z(E-w/S
(单位:千元) zn'F9rWx>
项目 20×8 20×7 /
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营业收入 64 000 48 000 <r'l5|er
营业成本 54 000 42 000
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净利润 30 -20 d}t7bgk'j
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20×8年12月31日 20×7年12月31日 Bqd'2HQd
存货 16 000 12 000 $Dm2>:Dmt
流动资产 60 000 50 000 Xo:!U=m/#
总资产 100 000 90 000 '
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流动负债 20 000 18 000 i/%+x-#
总负债 30 000 25 000 `i,l)X]
在审计过程中,约翰发现以下事项: hY
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(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: 9=J+5V^qD<
借:银行存款5 820 000 :Ej#qYi
财务费用 180 000 U- UD27
贷:应收票据6 000 000 jLRh/pbz4
(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: +
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借:营业外支出 3 000 000 V_T.#"C4=z
贷:预计负债 3 000 000 Hq*\,`b&
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: TUQ+?[
借:预计负债 3 000 000 Is $I;`
贷:银行存款 2 500 000 W
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营业外收入 500 000 >vP DF+ u
要求: 1sqBBd"=PY
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 `H.~#$
(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: VM1`:1Z:$
(a)20×8年存货周转率 }j
/($,
(b)20×8年销售毛利率 Ip0~
(c)20×8年总资产净利率 \L"Vx9xT
(d)20×8年12月31日的流动比率 7)`U%
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(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) i*Wekr3Wo
【答案】 a9ko3L
(1)应选择营业收入作为计算重要性水平的基础。 d@
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 G98P<cyD
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 O#,
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销售毛利率=(64000-54000)/64000×100%=15.63% `5V=U9zdE
总资产净利率=30/[(100000+90000)/2]=0.03% iz&$q]P8
流动比率=60000/20000=3 xV_,R'l
(3) <,r|*pkhp~
a.应建议做如下审计调整分录: \{Hb
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借:应收票据 6 000 000 zq=X;}qYj
贷:短期借款 5 820 000 kPm{ tc
财务费用 180 000 F~`Yh6v
b.应建议做如下审计调整分录: ]ZD W+<
借:预计负债 3 000 000 )AxgKBW
贷:营业外支出 500 000 !\
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其他应付款 2 500 000 ?*36&Iq}