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)。 bBb$0HOF
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: +MIDq{B
(Expressed in RMB thousands) YO|Kc
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FINANCLAL STATEMENTS ITEMS Ot`jjZ&
20×8 VX2KE@
20×7 T4F}MVK
&>ii2% 4
Sales g~S>_~WL
64000 i-vhX4:bd
48000 K, WNM S
D\jRF-z
Cost of sales m>yk4@a
54000 `_N8AA
42000 QS4sSua
!vHnMY~AG
Net profit ?kI-o0@O.
30 {Nuwz|Ci
-20 l`UJHX
k3da*vwE
}5z6b>EI9a
December 31, 20×8
FVPhk 2
December 31, 20×7 @0; 9.jml,
8$io^n\i
Inventory hc4<`W{
16000 5? &k? v@
12000 bc}U &X<
Q.*qU,4);
Current assets eu@-v"=w
60000 %M2.h;9]*\
50000 q.yS j
O[+S/6uy
Total assets tV<}!~0,*
100000 w}c1zpa
90000 7[rn
,8@
+ByxhSIr
Current liabilities >_!pg<{,
20000
9x0B9&
18000 @Y 1iEL%\y
2`Ub;Nn29
Total liabilities
o3 P`y:&
30000 8p,q9Ey
25000 mk2T
,A[40SZA
I\&..e0l
During the audit, John has the following findings: 7L|w~l7R~
(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: BC ]^BKP
Dr. Cash in Bank RMB 5820000 hZ Gr/5f
Dr. Financial Expenses RMB 180000 T^B&GgW
Cr. Notes Receivable RMB 6000000 7Vr .&`l
(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: =;-/( C
Dr. Non-operating Expenses RMB 3000000 -==@7*x!Z
Cr. Provisions RMB 3000000 odMjxWY
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 {mY<R`Ee
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: _iLXs
Dr. Provisions RMB 3000000 `<i|K*u
Cr. Cash in Bank RMB 2500000 Q6@}t&k4C
Cr. Non-operating Income RMB 500000 @C62%fU {5
Required: FY)v rM*yh
(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. Q:&,8h[
(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: :~3sW< PR
(a)Inventory Turnover Rate in 20×8; .7++wo!,
(b)Gross Profit Ratio in 20×8; gQ3Co ./
(c)After Tax Return on Total Assets in 20×8; and Dq/[g,(
(d)Current Ratio as at December 31, 20×8 MNzq,/Wf
(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. y:WRpCZoa
【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 I4
以下是未经审计财务报表的部分信息: }00mJ]H(
(单位:千元) ;n$j?n+|
项目 20×8 20×7 M8X*fYn
营业收入 64 000 48 000 $IX>o&S@|
营业成本 54 000 42 000 SL" ;\[uI
净利润 30 -20 tQ_;UQlX
8+{WH/}y8
20×8年12月31日 20×7年12月31日 O6LZ<}oUR
存货 16 000 12 000 s
Z(LT'}
流动资产 60 000 50 000 JM!rop^
总资产 100 000 90 000 h@=H7oV7k
流动负债 20 000 18 000 zDeh#
总负债 30 000 25 000 ?`V%[~4_I
在审计过程中,约翰发现以下事项: V|zzj[c
(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: +Gqh
借:银行存款5 820 000 `~vqu69MF9
财务费用 180 000 G,9osTt/
贷:应收票据6 000 000 `Jhu&MWg
(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: 7r 07N'
借:营业外支出 3 000 000 z=<x.F
贷:预计负债 3 000 000 wvvMesX<L
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: u`dWU}m)
借:预计负债 3 000 000 ^Crl~~Gk`
贷:银行存款 2 500 000 ]b4*`}\
营业外收入 500 000 htk5\^(X
要求: GQhzQM1HS
(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。 ugcWFB5|
(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: !31v@v:)
(a)20×8年存货周转率 jo{[*]Oa
(b)20×8年销售毛利率 i`Fg kABw
(c)20×8年总资产净利率 c) Zid1
(d)20×8年12月31日的流动比率 jCqs^`-
(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) [_*%
【答案】 lfG]^id'
(1)应选择营业收入作为计算重要性水平的基础。 >i7zV`eK
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 U4qp?g+:
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Tzmo
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销售毛利率=(64000-54000)/64000×100%=15.63% 0M(\xO
总资产净利率=30/[(100000+90000)/2]=0.03% L3iYZ>]
流动比率=60000/20000=3 jv<BGr=4;
(3) KArt4+31
a.应建议做如下审计调整分录: 4]0|fi3}>
借:应收票据 6 000 000 3$[!BPLFO
贷:短期借款 5 820 000 J5h;~l!y
财务费用 180 000 Bm2"} =
b.应建议做如下审计调整分录: `=0}+
借:预计负债 3 000 000 'qwFVP
贷:营业外支出 500 000 G/>upnA{w
其他应付款 2 500 000 Ql&5fyW