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)。 0
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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: ~VqFZasV
(Expressed in RMB thousands) zP:~O
FINANCLAL STATEMENTS ITEMS ka2F!
20×8 068WlF cWV
20×7 N 8:"&WM
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aBs++T
Sales \|eJJC
64000 DC|xilP1O
48000 J 16=
!q()
7szls71/=
Cost of sales 0 W~.WkD
54000 @A
[)hk&(R
42000 oMh~5
W
R=\v3m
Net profit ;JOD!|
30 N@cMM1
-20 xw4ey<"I
CgVh\4,a
09R,'QJ|
December 31, 20×8 7<EJo$-j
December 31, 20×7 uQ:Qb|
qs!>tw
Inventory W
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16000 j';n8|Y9
12000 h`?y2?O
_qY`KP"
Current assets 968Ac}OA
60000 i^je.,Bi
50000 x8 f6,
iY0,WT}&n
Total assets PqT"jOF]n
100000 `aO.=:O_
90000 t-!Rgg$9
LIr(mB"Y0
Current liabilities HG3.~ 6X
20000 /GsSrP_?]
18000 ?N4A9W
9
xe(MHNrj
Total liabilities }l.KpdRT2
30000 B^Xy0fq
25000 d4ic9u*D
mYj
f5
'To<T
During the audit, John has the following findings: >4Iv[ D1
(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: M|U';2hZN:
Dr. Cash in Bank RMB 5820000 +yth_9
Dr. Financial Expenses RMB 180000 &c20x+
Cr. Notes Receivable RMB 6000000 hgj CXl
(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: /r-8T>m
Dr. Non-operating Expenses RMB 3000000 w3<Z?lj:
Cr. Provisions RMB 3000000 (F_w>w.h
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 NeY"6!;k
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: %h0D)6j
Dr. Provisions RMB 3000000 - dl}_
Cr. Cash in Bank RMB 2500000 mDZ=Due1
Cr. Non-operating Income RMB 500000 -dg} BM
Required: PM
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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. ?LM:RADCm
(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: GL/ KB
(a)Inventory Turnover Rate in 20×8; gC0;2
(b)Gross Profit Ratio in 20×8; xYmdCf@H
(c)After Tax Return on Total Assets in 20×8; and _~ v-:w
(d)Current Ratio as at December 31, 20×8 h:f;mn?x
(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. K~USK?Q%
【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。 _=uviMuE
以下是未经审计财务报表的部分信息: 9KXym
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(单位:千元) zgK;4
22$m
项目 20×8 20×7 U%L
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营业收入 64 000 48 000 ,`<]>;s
营业成本 54 000 42 000 p[u4,
净利润 30 -20 XHy?
{-Yee[d<?
20×8年12月31日 20×7年12月31日 T\jAk+$Jo
存货 16 000 12 000 gTnS[
流动资产 60 000 50 000 (JWv *p
总资产 100 000 90 000 'X54dXS?l
流动负债 20 000 18 000 N. jA 8X
总负债 30 000 25 000 k'x#t(
在审计过程中,约翰发现以下事项: 3#9uEDdE
(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: 3i6h"Wu`n
借:银行存款5 820 000 MZ)T0|S_
财务费用 180 000 )]wuF`
贷:应收票据6 000 000 !Pw$48cg
(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: =9(tsB gTX
借:营业外支出 3 000 000 +miR3~w.
贷:预计负债 3 000 000 Ym'7vW#~
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: J8J!#j.
借:预计负债 3 000 000 :v_w!+,/
贷:银行存款 2 500 000 ZlrhC= 0
营业外收入 500 000 mdaY
YD=c%
要求: q4)Ey
(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。 G,B?&gFX
(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: V(r`.
75
(a)20×8年存货周转率 r( M[8@Nz
(b)20×8年销售毛利率 cg{Gc]'1#
(c)20×8年总资产净利率 VxkEe z'|
(d)20×8年12月31日的流动比率 X>}@EHT
(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) [NL -!
【答案】 5E`JD
(1)应选择营业收入作为计算重要性水平的基础。 w?_`/oqd|
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 @*SA$9/l
销售毛利率=(64000-54000)/64000×100%=15.63% e9lOk)`t
总资产净利率=30/[(100000+90000)/2]=0.03% L$SMfx
流动比率=60000/20000=3 '^DUq?E4
(3) 8]HY. $E
a.应建议做如下审计调整分录: \TZ|S,FS
借:应收票据 6 000 000 dkpQZXi9%
贷:短期借款 5 820 000 PGkCOmq
财务费用 180 000 aV#h5s
b.应建议做如下审计调整分录: |WBZN1W)
借:预计负债 3 000 000 u(AA`S"
贷:营业外支出 500 000 Gp8psH
其他应付款 2 500 000 %P;[fJ
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