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)。 Dj?84y
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: {}.M(nPtv;
(Expressed in RMB thousands) 1SAO6Wh
FINANCLAL STATEMENTS ITEMS @:,B /B;
20×8 5 [GdFd>{
20×7 vIq>QXb;d
6d7E@}<
Sales \#50;
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64000 0tz7^:|D
48000 "SMRvi57T
6!39t
Cost of sales ,xSNTOJ
54000 7%j1=V/
42000 hs;YMUA"
84f(B E
Net profit ^X]rF
Y1
30 plNoI1st
-20 e
w%rc.;
v[Mh[CyB
"?*B2*|}`
December 31, 20×8 L`2(u!i J
December 31, 20×7 H*.v*ro9_
.8%&K0
Inventory QLm#7ms*y
16000 m| uVmg!*
12000 5'<J@3B
iv!; gMco
Current assets H\%^n<]#
60000 &gLXS1O
50000 Lo<WK
awU!3)B
Total assets g+j\wvx0
100000 BT^Im=A
90000 ZGw6Bd_I
<`
V_H~Z
Current liabilities C6JwJYa
20000 $6l^::U
18000 %zKTrsMZ
:Z[|B(U
Total liabilities u?4d<%5R!
30000 pP-L{bT
25000
o$p]
p9
2!)|B
;y
$jg~a
During the audit, John has the following findings: P<CPA7K
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: %ONU0xtq k
Dr. Cash in Bank RMB 5820000 K_Pbzj4(P
Dr. Financial Expenses RMB 180000 F05]6NVv
Cr. Notes Receivable RMB 6000000 'WNq/z"X
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: *snY|hF
Dr. Non-operating Expenses RMB 3000000 ^\oMsU5(
Cr. Provisions RMB 3000000 **CGkL
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;S9
z@`a.
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: v t_lM
Dr. Provisions RMB 3000000 \IhHbcF`d
Cr. Cash in Bank RMB 2500000 +<T361eyY
Cr. Non-operating Income RMB 500000 );/p[Fd2]
Required: >~l^E!<i-u
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion.
7 \AoMk}
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: }U^iVq*
(a)Inventory Turnover Rate in 20×8; 'kSm}}y
(b)Gross Profit Ratio in 20×8; I{$TMkh[
(c)After Tax Return on Total Assets in 20×8; and 0}`0!Kv
(d)Current Ratio as at December 31, 20×8 d"=)=hm!
(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. Ou_2UT
【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。 D4T42L
以下是未经审计财务报表的部分信息: V)fF|E~0
(单位:千元) 58t_j54
项目 20×8 20×7 nKmf#
营业收入 64 000 48 000 {t*CSI
营业成本 54 000 42 000 ?X+PNw|pf
净利润 30 -20 @8Cja.H
b5#Jo2C`AJ
20×8年12月31日 20×7年12月31日 ,z01*Yx
存货 16 000 12 000 y5j ;Daq
流动资产 60 000 50 000 #h#_xh'
总资产 100 000 90 000 o]eG+i6g]
流动负债 20 000 18 000 Y
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总负债 30 000 25 000 ;>%wf3e
在审计过程中,约翰发现以下事项: j|>^wB
(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: b%h.>ij?
借:银行存款5 820 000 R_=fH\c;
财务费用 180 000 ?^ R"a##
贷:应收票据6 000 000 dn&4
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(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: ck$>
借:营业外支出 3 000 000 yBCLS550
贷:预计负债 3 000 000 $T_>WUiK
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: sD9OV6^{?K
借:预计负债 3 000 000 <OrQbrWQa
贷:银行存款 2 500 000 A>frf[fAW
营业外收入 500 000 \D-X
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要求: 5~OKKSUmT
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 .7+"KP:
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Z6nQW53-
(a)20×8年存货周转率 !Ld[`d.|R!
(b)20×8年销售毛利率 ba)hWtenH
(c)20×8年总资产净利率 Zul@aS
!
(d)20×8年12月31日的流动比率 ^SbxClUfw!
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) }((P)\s
【答案】 k_nQmU>
(1)应选择营业收入作为计算重要性水平的基础。 /GF"D5
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。
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sT,*<^
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ex.^V sf_
销售毛利率=(64000-54000)/64000×100%=15.63% " eS-i@
总资产净利率=30/[(100000+90000)/2]=0.03% iM$iZ;Tp
流动比率=60000/20000=3 Of
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(3) <.{OIIuk
a.应建议做如下审计调整分录: I5]58Ohx
借:应收票据 6 000 000 s~A:*2 \
贷:短期借款 5 820 000 x=N0H
财务费用 180 000 '8LHX6FXK
b.应建议做如下审计调整分录: d>0 j!+s
借:预计负债 3 000 000 dFZh1
*1
贷:营业外支出 500 000 4 g8t
其他应付款 2 500 000 Xif>ZL?aXb