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)。 Rv0-vH.n
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: ,P;8 }yQ
(Expressed in RMB thousands) W,0KBkkp
FINANCLAL STATEMENTS ITEMS 7)g;Wd+H
20×8 c-?
Ygr
20×7 kO
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Ky=(urAd
Sales |p'_k(z}
64000 Fmy1nZ
48000 ?*B;514
TG""eC!E
Cost of sales NdaVT5RB
54000 d@_'P`%-
42000 H&"_}
O e0KAn
Net profit M'pY-/.
30 {jq^hM!TEy
-20 Y}eZPG.h
8^&fZL',
(!^N~ =e;
December 31, 20×8 }xpe
December 31, 20×7 @B}&62T
F(0pru4u
Inventory UHTb61Gs
16000 C?_t8G./_
12000 2b{@]Fp
G <} 7vF
Current assets Udb0&Y1^
60000 >KH(
nc$
50000 7$E2/@f
C.B8 J"T-
Total assets ee__3>H"/
100000 3|z;K,`Fw
90000 0B#rqTEKu
)wyu+_:
Current liabilities AmUe0CQ:k'
20000 L%=BCmMx
18000 uC <|T
D*<8e?F
Total liabilities x3:ZB
30000 J:M<9W
25000 x_>"Rnv:K
hfP(N_""S
5VY%o8xXa
During the audit, John has the following findings: {Hrr:hC
(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: $n_sGr
Dr. Cash in Bank RMB 5820000 am)J'i,
Dr. Financial Expenses RMB 180000 'PxL^
Cr. Notes Receivable RMB 6000000 @Reh?]# v
(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: }b\i
pA,~
Dr. Non-operating Expenses RMB 3000000 *o2_EqXL*
Cr. Provisions RMB 3000000 kG~ivB}x
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 {/,+_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: <#J<QYF&2
Dr. Provisions RMB 3000000 'h+4zvI"8
Cr. Cash in Bank RMB 2500000 g
tSHy*3]
Cr. Non-operating Income RMB 500000 k-t,y|N
Required:
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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. )Uoe~\
(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: 'p{Y{
$Q
(a)Inventory Turnover Rate in 20×8; f/|a?n2\hm
(b)Gross Profit Ratio in 20×8; +LU ).
(c)After Tax Return on Total Assets in 20×8; and 07E".T%Ts
(d)Current Ratio as at December 31, 20×8 iI/'!85
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. d,E/
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 0[3tW[j
以下是未经审计财务报表的部分信息: `04Y
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(单位:千元) &Funao>
项目 20×8 20×7 LOYyj?^7
营业收入 64 000 48 000 r]K0
]h@B
营业成本 54 000 42 000 Phjf$\pt
净利润 30 -20 R?FtncL%D
WA)lk
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20×8年12月31日 20×7年12月31日 U7Sl@-#|
存货 16 000 12 000 qoyGs}/I8
流动资产 60 000 50 000 *?
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总资产 100 000 90 000 4<!}4
流动负债 20 000 18 000 <=LsloI
总负债 30 000 25 000 vzT6G/
在审计过程中,约翰发现以下事项: A?<"^<A^
(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: 8Gzs
借:银行存款5 820 000 _{@}Fd?o
财务费用 180 000 w2mlqy2L
贷:应收票据6 000 000 N'W>pU
(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: G5Dji_ |
借:营业外支出 3 000 000 }j5@\c48
贷:预计负债 3 000 000 A 'P}mrY
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: trNK9@wT)
借:预计负债 3 000 000 :8/M6-EK
贷:银行存款 2 500 000 .<|4PG
营业外收入 500 000 ]q\=
要求: %#;(]7Zq
(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。 l2_E6U"
(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: E EnTq
(a)20×8年存货周转率 ?}>B4Z)
(b)20×8年销售毛利率 ^[,1+WS%
(c)20×8年总资产净利率 d4rJ?qw
(d)20×8年12月31日的流动比率 2QQYXJ^
(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) XVK[p=cIL
【答案】 MLDg).5
(1)应选择营业收入作为计算重要性水平的基础。 c^/?VmCQ}
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 JT+lWhy
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 FWx*&y~$
销售毛利率=(64000-54000)/64000×100%=15.63% AhFI, x
总资产净利率=30/[(100000+90000)/2]=0.03% 7D1`^,?
流动比率=60000/20000=3 F[qIfh4
(3) 7|?@\ZE
a.应建议做如下审计调整分录: ?&bVe__
借:应收票据 6 000 000 x>/@Z6Wxz
贷:短期借款 5 820 000 7=[O6<+o
财务费用 180 000 t7`Pw33#kY
b.应建议做如下审计调整分录: pHbguoH,
借:预计负债 3 000 000 y8 u)Q
贷:营业外支出 500 000 k*+ZLrT
其他应付款 2 500 000 o+WrIAR