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)。 9FB[`}
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: CqMm'6;$a}
(Expressed in RMB thousands) P`/;3u/P
FINANCLAL STATEMENTS ITEMS J~=bW\^I
20×8 R+'$V$g\X
20×7 k[TVu5R
VMry$
Sales [E9V#J89
64000 Vu
@2
48000 Gm,vLs9H$T
.hBq1p
Cost of sales gZa/?[+
54000 }6;K+INT
42000 42`%D
Bw;gl^:UG
Net profit L-B"P&
30 "gm[q."n<
-20 fkLI$Cl
m:kXr^!D
bve_*7CEM
December 31, 20×8 Ttr)e:
December 31, 20×7 RMinZ}/
vNMndo!
Inventory bW"bkA80
16000 j7(sYo@x7
12000 J1i{n7f=@
j-l#n&M
Current assets [}xVz"8 V
60000 #Tc]L<."
50000 gMN>`Z`fV
BZS%p
Total assets ?vmu,y
100000 z\S#P|;
90000 C`G+b{o
hv)>HU&
Current liabilities 3.i$lp`t
20000 AcZ{B<
18000 lk.]!K$}
i D6f/|g
Total liabilities 1
M1|Wp
30000 &zuPt5G|
25000 xwuGJ
zKh^BwhO|X
3,ihVVr&P
During the audit, John has the following findings: z7vc|Z|
(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: C bWz;$r
Dr. Cash in Bank RMB 5820000 <z'Pj7c[
Dr. Financial Expenses RMB 180000 Vd+qi~kA
Cr. Notes Receivable RMB 6000000 PK C}!>2
(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: s ;3k#-w
Dr. Non-operating Expenses RMB 3000000 lN(|EI
Cr. Provisions RMB 3000000
Mi>!
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 +3>)r{#k
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: U0ZT9/4
Dr. Provisions RMB 3000000 +9^V9]{Vo
Cr. Cash in Bank RMB 2500000 'E\/H17
Cr. Non-operating Income RMB 500000 ]%%I=r
Required: !.2tv
(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. ]_"c_QG
(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: v3p0
(a)Inventory Turnover Rate in 20×8; 9"W
3t]
(b)Gross Profit Ratio in 20×8; )WBp.j /#
(c)After Tax Return on Total Assets in 20×8; and tPp9=e2[s
(d)Current Ratio as at December 31, 20×8 V4#b W
(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. w3n6md
【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。 ?|i
C-7{8L
以下是未经审计财务报表的部分信息: _p^?_
(单位:千元) #QUQC2P(~
项目 20×8 20×7 zIzL7oD
营业收入 64 000 48 000 0~a9gBG
营业成本 54 000 42 000 GhJ<L3
净利润 30 -20 Io;x~i09K
&@v&5EXOw
20×8年12月31日 20×7年12月31日 T'ko =k
存货 16 000 12 000 e
2"<3
流动资产 60 000 50 000 \CU-a`n
总资产 100 000 90 000 (]@yDb4
流动负债 20 000 18 000 ngt?9i;N
总负债 30 000 25 000 /f*QxNZ,p
在审计过程中,约翰发现以下事项: }5Zmc6S{
(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: `i `F$ ;
借:银行存款5 820 000 Jkx_5kk/\
财务费用 180 000 o?{-K-'B$
贷:应收票据6 000 000 !g.?+~@
(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: B>;`$-
借:营业外支出 3 000 000
wbpz,
贷:预计负债 3 000 000 kEYkd@{
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: APJVD-
借:预计负债 3 000 000 "C]v
贷:银行存款 2 500 000 SG4)kQ
营业外收入 500 000 [mcER4]}
要求: al{}_
1XoU
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 NiSyb yR$
(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: CcJ%;.V,T
(a)20×8年存货周转率 I&J>
(b)20×8年销售毛利率 6M#}&Gv
(c)20×8年总资产净利率 1CR)1H
(d)20×8年12月31日的流动比率
N Zu2D
(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) WHy
r;m3)
【答案】 gq7l>vT.
(1)应选择营业收入作为计算重要性水平的基础。 gWIb"l
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ,%T
sfB
<~bvfA=
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ^Q#g-"b
销售毛利率=(64000-54000)/64000×100%=15.63% uPVO!`N3
总资产净利率=30/[(100000+90000)/2]=0.03% [*K.9}+G_
流动比率=60000/20000=3 pwg\b
(3) Wx` $hvdq
a.应建议做如下审计调整分录: &5y
|Q?
借:应收票据 6 000 000 [9C{\t
贷:短期借款 5 820 000 M:*)l(
财务费用 180 000 ="('
#o
b.应建议做如下审计调整分录: 1>=]lMW
借:预计负债 3 000 000 >c@jl
贷:营业外支出 500 000 p_B5fm7#6W
其他应付款 2 500 000 WkMB