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)。 ;b1B*B
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: z5~W
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(Expressed in RMB thousands) Suo$wZ7J
FINANCLAL STATEMENTS ITEMS q TN)2G
20×8 t&[<Dl/L
20×7 :{lP9%J-
XQfmD;U
Sales b8YdONdy
64000 ~7*2
Jp'
48000 { %]imf|g.
v3X
M-+Z4
Cost of sales X4!7/&
54000 VoZ{ I{>|
42000 @3O)#r}\
TI<
x;p
Net profit `/P/2{,~
30 E3wL n/<
-20 f;zNNx<
;
"}fweCBgo
!sm/BsmL7T
December 31, 20×8 mSxn7LG
December 31, 20×7 - Fbp!*.
u
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8=b,EI
Inventory ?";SUku
16000 UlE%\L0GD&
12000 &HM-UC|
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Current assets P)
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60000 .w.:o2L
50000 ^}d]O(
2(xC|
Total assets 2Kz+COP+
100000 x 6`!
90000 l:!L+t*}6
EE!}$qOR
Current liabilities k k3^m1
20000 +JU, ^A#X
18000 `S@TiD*
Fr8GGN~/
Total liabilities RU:Rt'
30000 y!77gx?-
25000 Z nc(Q
/8h=6"
ump
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During the audit, John has the following findings: 2ndn8_l
(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: d]l8ei@>h
Dr. Cash in Bank RMB 5820000 ((k"*f2%
Dr. Financial Expenses RMB 180000 @0?!bua_|
Cr. Notes Receivable RMB 6000000 c[dzO.~
(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: /9w>:i81
Dr. Non-operating Expenses RMB 3000000 !.]JiT'o
Cr. Provisions RMB 3000000 *Y m?gCig
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 hi0HEm\
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:
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Dr. Provisions RMB 3000000 g\JJkXjD#
Cr. Cash in Bank RMB 2500000 l]R0r{{
Cr. Non-operating Income RMB 500000 smQ^(S^
Required: Ic#xz;elM
(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. )|F|\6:ne
(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: 4]y)YNQ(
(a)Inventory Turnover Rate in 20×8; %t9C
(b)Gross Profit Ratio in 20×8; $"^K~5Q
(c)After Tax Return on Total Assets in 20×8; and _>;Wz7
(d)Current Ratio as at December 31, 20×8 &7
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(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 9Eyx Ob
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 k"(]V
以下是未经审计财务报表的部分信息: %iN>4;T8
(单位:千元) Dm>"c;2
项目 20×8 20×7 5</$dcG
营业收入 64 000 48 000 SiratkP9n7
营业成本 54 000 42 000 QU|_
r2LM
净利润 30 -20 yGZsNd {a&
|p11Jt[
20×8年12月31日 20×7年12月31日 Lx^ eaP5
存货 16 000 12 000 du3f'=q6|
流动资产 60 000 50 000 200yN+ ec
总资产 100 000 90 000 "ZuuSi
流动负债 20 000 18 000 %qP
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总负债 30 000 25 000 Y`|+sND
在审计过程中,约翰发现以下事项: B`5<sW
(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: jVj5 ; }
借:银行存款5 820 000 kmI0V[Y
财务费用 180 000 n|SV)92o1
贷:应收票据6 000 000 *T|B'80
(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: 1o_kY"D<
借:营业外支出 3 000 000 `FP?9R6Y
贷:预计负债 3 000 000 'rD6MY
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: j2Zp#E!
借:预计负债 3 000 000 ~GaGDS\V
贷:银行存款 2 500 000 ly
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营业外收入 500 000 4q$~3C[
要求: &SY!qTxF
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 l>?c AB[
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: RpHl
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(a)20×8年存货周转率 RU )35oEV|
(b)20×8年销售毛利率 XpQ Ol
(c)20×8年总资产净利率 DDg\oGLp
(d)20×8年12月31日的流动比率 Y?T{>"_
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(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) T(4d5 fY
【答案】 I5$P9UE+^9
(1)应选择营业收入作为计算重要性水平的基础。 Nk`UQ~g$
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 lq/2Y4LE)
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86
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销售毛利率=(64000-54000)/64000×100%=15.63% m7 =$*1k
总资产净利率=30/[(100000+90000)/2]=0.03% iTVe8eI
流动比率=60000/20000=3 `&$8/_`
(3) "n-'?W!
a.应建议做如下审计调整分录: ] $ew 5%
借:应收票据 6 000 000 F
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贷:短期借款 5 820 000 )
nfoDG#O
财务费用 180 000 WL$^B@gXQ
b.应建议做如下审计调整分录: 90}{4&C.^
借:预计负债 3 000 000 (J
hX:1
贷:营业外支出 500 000 T5BZD
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其他应付款 2 500 000 ::L2zVq5V