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)。 Oi7:J>
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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: 'd/A+W
(Expressed in RMB thousands) v3`J~,V<
FINANCLAL STATEMENTS ITEMS F[~qg
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20×8 6~D:O?2
20×7 bp5hS/A^1w
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Sales LG51e7_gFi
64000 q E(`@G
48000 '\
6.GP
egKYlfe"
Cost of sales [?;oiEe.|
54000 I8?egDkk
42000 b/<4\f
-7\RO%U
Net profit ~|?2<g$gYR
30 DfqXw^BKD
-20 ,![C8il,
ox)/*c<
o'R_kadN[T
December 31, 20×8 ?jb7Oq#[
December 31, 20×7 -@AGQ+e
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Inventory JCE364$$"
16000 T*'5-WV|3t
12000 C%G-Ye|@
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Current assets !L> 'g
60000 >oLM2VJ
50000 {dCk iF
vE
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Total assets ]_5C5m
100000 5E~][. d
90000 OB5{EILej
ca$D|3
Current liabilities :90DS_4
20000 0wxQ,PI1'
18000 #F
[6$. Gr
DlTV1X-^1
Total liabilities c1b@3
30000 vR#A7y @!
25000 A qE,zW
.viA +V
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During the audit, John has the following findings: h&[!CtPm
(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: }
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Dr. Cash in Bank RMB 5820000 lD\lFN(:
Dr. Financial Expenses RMB 180000 dqPJ 2j $\
Cr. Notes Receivable RMB 6000000 @4hxGk=
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: babDLaC@
Dr. Non-operating Expenses RMB 3000000 )HR'FlxOd
Cr. Provisions RMB 3000000 YjLPW@
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 :|P"`j
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: nL@P{,J
Dr. Provisions RMB 3000000 , lT8gQ|u
Cr. Cash in Bank RMB 2500000 U{{RRK|
Cr. Non-operating Income RMB 500000 (#7pGGp*E
Required: q0SvZw]f1
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. B.|2w
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: C$M^<z
(a)Inventory Turnover Rate in 20×8; m
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(b)Gross Profit Ratio in 20×8; KmpX^Se[
(c)After Tax Return on Total Assets in 20×8; and V?
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(d)Current Ratio as at December 31, 20×8 Q8T4_p[-o
(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. m[]pIXc(
【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。 A#LK2II^
以下是未经审计财务报表的部分信息: 9sJbz=o]r
(单位:千元) Wf>UI)^n
项目 20×8 20×7 ^:LF
营业收入 64 000 48 000 ,tmo6D6 2
营业成本 54 000 42 000 />)>~_-3
净利润 30 -20
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Y~gpi L3u
20×8年12月31日 20×7年12月31日 =ww8,z4X
存货 16 000 12 000 H~@aT7
流动资产 60 000 50 000 F1gDeLmJ
总资产 100 000 90 000 < _c84,[V
流动负债 20 000 18 000 2- UZ|y
总负债 30 000 25 000 R+rHa#M_
在审计过程中,约翰发现以下事项:
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(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: kMN z5P
借:银行存款5 820 000 K.*zqQKlI|
财务费用 180 000 tE<L4;t
贷:应收票据6 000 000 Lp1wA*
(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: ZVgR7+`]#
借:营业外支出 3 000 000 1b* dC;<
贷:预计负债 3 000 000 <P$b$fh/
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: l&U3jeW-o
借:预计负债 3 000 000 E8
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贷:银行存款 2 500 000 DpI_`TF#$Z
营业外收入 500 000 )bPwB.} kq
要求: >-EoE;s
(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。 t[)z/[m
(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: <f8@Qij
(a)20×8年存货周转率 vWjK[5
M%
(b)20×8年销售毛利率 kZSe#'R's
(c)20×8年总资产净利率 z}OY'}sk8
(d)20×8年12月31日的流动比率 ]-L/Of6F)|
(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) CDoZv""
【答案】 rS)7D
(1)应选择营业收入作为计算重要性水平的基础。 ",Ek| z
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 SS(jjpe&,
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 umI#P,%[
销售毛利率=(64000-54000)/64000×100%=15.63% F#Z]Xq0r
总资产净利率=30/[(100000+90000)/2]=0.03% %Xkynso~
流动比率=60000/20000=3 Tb:n6a@
(3) \`|,wLgH
a.应建议做如下审计调整分录: I{B8'n{cN
借:应收票据 6 000 000 *l_1T4]S
贷:短期借款 5 820 000 F2>o"j2
财务费用 180 000 DCP"
b.应建议做如下审计调整分录: V
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借:预计负债 3 000 000 q35%t61Lc
贷:营业外支出 500 000 ^=.|\
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其他应付款 2 500 000 kZPj{^c: