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)。 {0WIDD
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: vqz#V=J{
(Expressed in RMB thousands) Prz+kPP
FINANCLAL STATEMENTS ITEMS 4Olv8nOe<
20×8 LE80`t>M#
20×7 ]G~N+\8]U
X]U"ru{1q
Sales Tc5OI' -V
64000 1"B9Z6jf
48000 `+Z#*lj|@
7C7(bg,7^
Cost of sales ~V"cLTj"
54000 x][9ptrh
42000 <&EO=A
cW\Y?x
Net profit J~'Q^O3@
30 @3TkD_B&
-20 B "F`OS[
~K$"PKs3
P9mxY*K)%5
December 31, 20×8 .P:f
December 31, 20×7 )F#<
)Evw
'7LJuMp$#
Inventory 3/IWO4?_
16000 cc(r,ij~4
12000 4[CBW
6O@ ^`T
Current assets |U$de2LF
60000 +;wqX]SD &
50000 Nw>T$RzS
Ed0>R<jR9
Total assets X)iWb(@k"7
100000 +s(IQt
90000 5v>{Z0TE[6
BOiz ~h6
Current liabilities _
kSPUP5
20000 (06Vcqg
18000 ,dj*p,J
.m]=JC5'
Total liabilities OQL09u
30000 _?]BVw
25000 'UvS3]bSYW
^Im%D(MY
Sd<@X@iU8D
During the audit, John has the following findings: ks%7W
-
(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: @
+\S!o3m
Dr. Cash in Bank RMB 5820000 $,QpSK`9i
Dr. Financial Expenses RMB 180000 jPYe_y
Cr. Notes Receivable RMB 6000000 e=n{f*KG`
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 'f?&EsIV?
Dr. Non-operating Expenses RMB 3000000 7=p-A_X
Cr. Provisions RMB 3000000 K)Xs L
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 X!#i@V
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: _[{:!?-?
Dr. Provisions RMB 3000000 x#j\"$dla
Cr. Cash in Bank RMB 2500000 ,8xP8T~Kmv
Cr. Non-operating Income RMB 500000 SC
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Required: qv0
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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. I~
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(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: qzHqj;
(a)Inventory Turnover Rate in 20×8; <jRFN&"h}
(b)Gross Profit Ratio in 20×8; Ub'%pU
(c)After Tax Return on Total Assets in 20×8; and 4`UL1)A]
(d)Current Ratio as at December 31, 20×8 8pq-nuf
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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. e@,u`{C[
【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。 eb.cq"C
以下是未经审计财务报表的部分信息: 3?*M{Y|
(单位:千元) +i`Q 7+d
项目 20×8 20×7 Oa}V>a
营业收入 64 000 48 000 C7jc 6(>m
营业成本 54 000 42 000 Rgfc29(8
净利润 30 -20 yA?ENAM
7dlKdKH
20×8年12月31日 20×7年12月31日 b,rH&+2H
存货 16 000 12 000 s=nVoc{Yt
流动资产 60 000 50 000 =,AC%S_D~
总资产 100 000 90 000 F[7Kw"~J
流动负债 20 000 18 000 jr[<i\!
总负债 30 000 25 000 FV^4
在审计过程中,约翰发现以下事项: =~\]3g
(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: pVV}1RDa
借:银行存款5 820 000 W<rTq0~$?
财务费用 180 000 Pn+IJ=0Y
贷:应收票据6 000 000 Q_QKm0!
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: `s>UU- 9
借:营业外支出 3 000 000 { p!_-sL
贷:预计负债 3 000 000 sw41wj
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: oTF^<I-C
借:预计负债 3 000 000 0HHui7Yy>
贷:银行存款 2 500 000 yNrinYw
营业外收入 500 000 8NaL{j1`
要求: SY$J+YBLM
(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。 && DD
(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: %qS]NC
(a)20×8年存货周转率 "+n4 c'
(b)20×8年销售毛利率 +
%MO7vL
(c)20×8年总资产净利率 jF38kj3O7
(d)20×8年12月31日的流动比率 n%0]V Xx#
(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) Wa[x`:cT?u
【答案】 S]e j=6SP
(1)应选择营业收入作为计算重要性水平的基础。 e}'#Xv
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 poXLy/K
"K|)<6J
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 4#^'lKIx
销售毛利率=(64000-54000)/64000×100%=15.63% 49+ >f
总资产净利率=30/[(100000+90000)/2]=0.03% o%Be0~n'
流动比率=60000/20000=3 Pv/Pww\
(3) OuOk=
a.应建议做如下审计调整分录: Lh8bQH
借:应收票据 6 000 000 ?~"`^|d
贷:短期借款 5 820 000
zU
f>db
财务费用 180 000 /OQK/
t63
b.应建议做如下审计调整分录: yaH
Trh%
借:预计负债 3 000 000 hWq.#e6
贷:营业外支出 500 000 0PnD|]9:
其他应付款 2 500 000 ~lzdbX