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)。 o<|u4r={s
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: NrcV%-+u%
(Expressed in RMB thousands) *"|f!t
FINANCLAL STATEMENTS ITEMS ;&b=>kPlZ
20×8 Y}vV.q
20×7 tm;\m!^X{
UeUOGf ,
Sales
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64000 n~,6!S
48000 MDpx@.A,
R]Fa?uQW
Cost of sales .Sm 8t$
54000 rp]H&5.*
42000 8pm
Ww?
_)CCD33$
Net profit $SLyI$<gP
30 #,jm3Mqj
-20 n`Ypv{+ {%
&Ai+t2
2%l(qfN9
December 31, 20×8 8v)Z/R-
December 31, 20×7 2V @ pt
d.sn D)X
Inventory <95*z @
16000 ZA4sEVHW
12000 dDe$<g5L4
Dhft[mvo
Current assets (Q"s;g
60000 Zf)<)o*
50000 <t *3w
,=6;dT
Total assets o>M&C
X+j$
100000 J@Nq
90000 P+p:Ed80
QswFISch
Current liabilities AQ-R^kT
20000 Xp^71A?>
18000 P; =,Q$e8
S?H
qrf7<
Total liabilities 5X`m.lhUc
30000 r2;+ACwWf_
25000 _t7aOH
ds+0y;vc
n\scOM)3
During the audit, John has the following findings: g dBH\K (\
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: &-.2P!t
Dr. Cash in Bank RMB 5820000 uY)|
Dr. Financial Expenses RMB 180000 m!<uY?,hf
Cr. Notes Receivable RMB 6000000 O~bzTn
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: LZpqv~av
Dr. Non-operating Expenses RMB 3000000 cZ/VMQEr
Cr. Provisions RMB 3000000 6$+F5T
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 _`]YWvh
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'z}jM`g
Dr. Provisions RMB 3000000 r/ LgmVRn
Cr. Cash in Bank RMB 2500000 ;x=0+0JD
Cr. Non-operating Income RMB 500000 "
IdN *K
Required: \R#OJ=F
(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. Pu]Pp`SP
(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: H|!|fo-Tx
(a)Inventory Turnover Rate in 20×8; DmpD`^?-L
(b)Gross Profit Ratio in 20×8; [)p>pA2GZj
(c)After Tax Return on Total Assets in 20×8; and >]8H@. \
(d)Current Ratio as at December 31, 20×8 l:VcV
(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. IsiCHtY9
【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。 z/S}z4o/
以下是未经审计财务报表的部分信息: 8DJoQl9
(单位:千元) dxeLu
项目 20×8 20×7 RS[QZOoW}
营业收入 64 000 48 000 ^&8xfI6?
营业成本 54 000 42 000 QK/~lN
净利润 30 -20 4T:@W C
5F|oNI}$:
20×8年12月31日 20×7年12月31日 G8p6p6*
存货 16 000 12 000 )KD*G;<O]L
流动资产 60 000 50 000 p# (5
;
总资产 100 000 90 000 @ * *]o
流动负债 20 000 18 000 w97%5[-T
总负债 30 000 25 000 ],ISWb
在审计过程中,约翰发现以下事项: }EWPLJA
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: t=(CCq_N,
借:银行存款5 820 000 >a2i%j/T
财务费用 180 000 m&8
'O\$
贷:应收票据6 000 000 r(cd?sL96R
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: (\N
Z)Ys
借:营业外支出 3 000 000 sM'%apM#
贷:预计负债 3 000 000 &,~Oi(SX5
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 7^Q4?(A
借:预计负债 3 000 000 P>i[X0UnL
贷:银行存款 2 500 000 uz;z+Bd^
营业外收入 500 000 \B~}s }
要求: loFApBD=$^
(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。 gCY%@?YyN
(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: T4x%d
g
(a)20×8年存货周转率 J PK(S~
(b)20×8年销售毛利率 DF!*S{)
(c)20×8年总资产净利率 &ywU^hBh
(d)20×8年12月31日的流动比率 .a`(?pPr,
(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) -9z!fCu3
【答案】 a6i%7O m
(1)应选择营业收入作为计算重要性水平的基础。 u
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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。 "WE*ED
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 HTU?hbG(
销售毛利率=(64000-54000)/64000×100%=15.63% &`IC3O5
总资产净利率=30/[(100000+90000)/2]=0.03% }grel5lq
流动比率=60000/20000=3 0B?t:XU ,
(3) i j+)U`
a.应建议做如下审计调整分录: ;XXB^,
借:应收票据 6 000 000 U}2b{
贷:短期借款 5 820 000 {
vOr'j@
财务费用 180 000 Q
,m1mIf
b.应建议做如下审计调整分录: .~t.B!rVSB
借:预计负债 3 000 000 RO+N>Wkt
贷:营业外支出 500 000 J}'a|a@bk
其他应付款 2 500 000 )tW0iFY