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)。 kL*P 3
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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: #{q.s[g*+1
(Expressed in RMB thousands) T?pS2I~
FINANCLAL STATEMENTS ITEMS E{|B&6$[}
20×8 *vD.\e~
20×7 \0b}Z#'0
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Sales {-\U)&6#v
64000 {JgY-#R?{(
48000 )@N d3Z
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Cost of sales N; g@lyo
54000 :25LQf^nz
42000 JI5o~;}m
$y8-JR
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Net profit '>
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30 uAn}qrqE9
-20 Z10Vx2B
7=CkZ&(?
ODxZO3
December 31, 20×8 |sZqqgZ-
December 31, 20×7 H$h#n~W~
7Z< ~{eD,
Inventory ,dIev<
16000 D@bGJc0
12000 .G O0xn
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Current assets 7Z6=e6/\
60000 puC91
50000 Y %"Ji[
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Total assets &jP1Q3
100000 *&NP?-E
90000 dJ"M#X!Zu
pE5v~~9Ikv
Current liabilities }UhYwJf89
20000
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18000 VzP az\e
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Total liabilities <CyU9`ye
30000 |?!i},Ki;
25000 KNVu[P)rv
sK}AS;:
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During the audit, John has the following findings: UkL1h7}a\
(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: R
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Dr. Cash in Bank RMB 5820000 c7e,lgG-
Dr. Financial Expenses RMB 180000 ORExI.<`W
Cr. Notes Receivable RMB 6000000 #a8kA"X
(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: IzP,)!EE
Dr. Non-operating Expenses RMB 3000000 5C Dk5B_
Cr. Provisions RMB 3000000 QUrPV[JQ
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 23}` e
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: aGD< #]
Dr. Provisions RMB 3000000 U+Y(:
Cr. Cash in Bank RMB 2500000 KF.{r
Cr. Non-operating Income RMB 500000 [l23b{
Required: zPby+BP
(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. @aIgif+v
(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: 3Ua?^2l
(a)Inventory Turnover Rate in 20×8; l(t&<O(m9
(b)Gross Profit Ratio in 20×8; Tuln#<:
(c)After Tax Return on Total Assets in 20×8; and `b?uQ\#-M
(d)Current Ratio as at December 31, 20×8 J&xZN8jW
(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. <tr]bCu}
【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: '~[8>Q>
(单位:千元) MEDh
项目 20×8 20×7 K
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营业收入 64 000 48 000 Tq
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营业成本 54 000 42 000 EeuYRyK
净利润 30 -20 SVCh!/qe\
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20×8年12月31日 20×7年12月31日 Tgdy;?
存货 16 000 12 000 d][
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流动资产 60 000 50 000 j q+(2
总资产 100 000 90 000 z(|^fi(
流动负债 20 000 18 000 /R#zu_i
总负债 30 000 25 000 vSgT36ZF
在审计过程中,约翰发现以下事项: ?
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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: ~7]V^tG
借:银行存款5 820 000 &2tfj(ms
财务费用 180 000 =nEP:7~{
贷:应收票据6 000 000 g) X3:=['
(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: {EgSjxfmw
借:营业外支出 3 000 000 /5@YZ?|#2
贷:预计负债 3 000 000 y'R}
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: &K^0PzWWof
借:预计负债 3 000 000 VBhUh~:Om
贷:银行存款 2 500 000 m:H^m/g
营业外收入 500 000 ?cV,lak
要求: ]M?i:A$B
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 pj>R9zpn_
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: yJA~4
(a)20×8年存货周转率
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(b)20×8年销售毛利率 3c<aI=$^
(c)20×8年总资产净利率 LF dvz0
(d)20×8年12月31日的流动比率 n$iX6Cd
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) tLE8+[
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【答案】 l]*RiK2AC
(1)应选择营业收入作为计算重要性水平的基础。 gQnr.
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 1Bh"'9-!JT
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 W`>|OiuF
销售毛利率=(64000-54000)/64000×100%=15.63% ({uW-%
总资产净利率=30/[(100000+90000)/2]=0.03% xGd60"w2
流动比率=60000/20000=3 &YhAB\Rw
(3) &.A_d+K&
a.应建议做如下审计调整分录: vX+oZj
借:应收票据 6 000 000 iE%" Q? Q/
贷:短期借款 5 820 000 SuE~Wb5&
财务费用 180 000 3[m~-8
b.应建议做如下审计调整分录: YI0
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借:预计负债 3 000 000 IiYL2JS;t|
贷:营业外支出 500 000 bLc5$U$!I
其他应付款 2 500 000 WtM%(8Y[]