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)。 a_I!2w<I
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: 8^=g$;g
(Expressed in RMB thousands) 5bFE;Y;
FINANCLAL STATEMENTS ITEMS a&)0_i:r
20×8 B{!)GZ(}
20×7 YE&"IH]lF
Mw7!w-1+
Sales PaV [{CD
64000 =<(:5ive
48000 nL@
"FZ`(
>ZkcL7t9
Cost of sales +V1EqC*
54000 3tI=?E#
42000 r9@O`i
0.O pgv2K
Net profit dv-yZRU:
30 />q=qkdq0
-20 aGNVqS%y
:gY$/1SYD
*wP8)yv7
December 31, 20×8
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December 31, 20×7 wKum{X8
k);z}`7
Inventory q#v.-013r
16000 y?<[g;MuT
12000 BHn
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VP\HPSp
Current assets <1&kCfE&
60000 Vj4
if@Z
50000 |8&AsQd
j2lo~J)
Total assets -'JTVfm.
100000 %cO;{og M
90000 Nv*x^y]
u1`8f]qt
Current liabilities x+|Fw d
20000 t*<vc]D
18000 twt
Bt L
=nFT0];
Total liabilities P~_CDh.N
30000 m0 ]LY-t
25000 Di9yd
Zqd&EOm
51.F,uY
During the audit, John has the following findings: O 4N_lr~
(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: G#5Cyu<r!
Dr. Cash in Bank RMB 5820000 -QIcBzw;q
Dr. Financial Expenses RMB 180000 /}2
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Cr. Notes Receivable RMB 6000000 s6Bt)8A
(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: )&+_T+\
Dr. Non-operating Expenses RMB 3000000 _XXK1H x
Cr. Provisions RMB 3000000 9Q]v#&1
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 aen(Mcd3bg
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: %%c0UaV
Dr. Provisions RMB 3000000 #i ?@S$
Cr. Cash in Bank RMB 2500000 #1hT#YN
Cr. Non-operating Income RMB 500000 FO_nS
Required: #lltXqvD?
(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. rRcfZZ~` M
(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: u>&\@?(
(a)Inventory Turnover Rate in 20×8; }yx{13:[
(b)Gross Profit Ratio in 20×8; h |=^@F_\`
(c)After Tax Return on Total Assets in 20×8; and =d~]*[8
(d)Current Ratio as at December 31, 20×8 z"}k\B-5
(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. @[=*w`1
【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。
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以下是未经审计财务报表的部分信息: ?MKf=!w
(单位:千元) <B`}18x
项目 20×8 20×7
1a
_
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营业收入 64 000 48 000 dwrc"GK!o
营业成本 54 000 42 000 \2_>$:UoV
净利润 30 -20 -J[zJ4z#
lx$Y-Tb^F
20×8年12月31日 20×7年12月31日 zIF &ZYP
存货 16 000 12 000 ZhxMA*fL
流动资产 60 000 50 000 k%hD<_:p
总资产 100 000 90 000 (N;Jw^C@
流动负债 20 000 18 000 n,PHfydqX
总负债 30 000 25 000 bIp;$ZHy`K
在审计过程中,约翰发现以下事项: Pdf_{8r
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: n/$Bd FH
借:银行存款5 820 000 Lom%eoH)
财务费用 180 000 FVY,CeA.
贷:应收票据6 000 000 /lr RbZ
(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: h4?+/jk7
借:营业外支出 3 000 000 Z6D4VZVF
贷:预计负债 3 000 000 V]q{N-Iq
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: 0
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借:预计负债 3 000 000 ++&F5'?g
贷:银行存款 2 500 000 `yQHPN0/
营业外收入 500 000 3BY/&'oX
要求:
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(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。 "3\RJ?eW:S
(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: C{!Czz.N
(a)20×8年存货周转率 GGJ_,S*
(b)20×8年销售毛利率 L+I[yJY:!
(c)20×8年总资产净利率 P* aD2("Z
(d)20×8年12月31日的流动比率 7y[B[$P
(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) +D
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【答案】 J
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(1)应选择营业收入作为计算重要性水平的基础。 *r-Bt1
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 o8s&n3mY}y
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 MO _9Yi
销售毛利率=(64000-54000)/64000×100%=15.63% $35Oyd3s<
总资产净利率=30/[(100000+90000)/2]=0.03% \&TTe8
流动比率=60000/20000=3 cU{LyZp
(3) mceSUKI;L
a.应建议做如下审计调整分录: OW-+23)sj
借:应收票据 6 000 000 qWanr7n]@
贷:短期借款 5 820 000 sm_:M| [D
财务费用 180 000 "Q/3]hc.
b.应建议做如下审计调整分录:
0(i`~g5
借:预计负债 3 000 000 kBONP^xI
贷:营业外支出 500 000 UoLO#C0i
其他应付款 2 500 000 PH7L#H^