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)。 ozv:$>v@"
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: =23JE
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(Expressed in RMB thousands) Sg;c |u
FINANCLAL STATEMENTS ITEMS 94Wf ]
20×8 >5G2!Ns'
20×7 AT.WXP0$A
'oNY4.[
Sales jF4h/((|EU
64000 `uK_}Vy_
48000
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wa/
:JE
Cost of sales nu|paA
54000 pI*/-!I
42000 an! ceB
d9@!se9&Z
Net profit 2pa:
3O
30 R?bF
b|5t
-20 e+J|se4L5
&d/v/Y
96M?tTa
December 31, 20×8 v}w=I}<x
December 31, 20×7 {p#[.E8
haj\Dm
Inventory Z[+H$ =$%
16000 p%Zx<=f-_
12000 5\1C@d
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Current assets NY]`1yy
60000 Sg$14B
50000 zQsu~8PX
F^Q[P4>m\
Total assets ,":l >0P[
100000 Ga
o(3Y
90000 Sw!/IPO
G}.t!"
Current liabilities doJ\7c5uU
20000 ;Kb]v\C:
18000 %\xwu(|kN
ZT@a2:&
Total liabilities ?9<byEO%M
30000 f#9DU}2m
25000 N[G<&f9
jU
K0?S>
3'(w6V
During the audit, John has the following findings: ~c8Z9[QW
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: P(N$U^pj
Dr. Cash in Bank RMB 5820000 ?<@yo&)
Dr. Financial Expenses RMB 180000 \A-w,]9^V
Cr. Notes Receivable RMB 6000000 k:D;C3vJd
(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: +/idq
Dr. Non-operating Expenses RMB 3000000 # f~,8<K
Cr. Provisions RMB 3000000 O/;$0`~hY
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 y~jKytq^@
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: {.
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Dr. Provisions RMB 3000000
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Cr. Cash in Bank RMB 2500000 @WuB&uF=d
Cr. Non-operating Income RMB 500000 )KvQaC
Required: 71GLqn?
(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. u#tLY/KA
(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: 'IrwlS
(a)Inventory Turnover Rate in 20×8; v 6{qKpU#
(b)Gross Profit Ratio in 20×8; z1oikg:?4
(c)After Tax Return on Total Assets in 20×8; and "WKE%f
(d)Current Ratio as at December 31, 20×8 UYu 54`'kg
(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. E3N4(V\*
【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。 J('p'SlI
以下是未经审计财务报表的部分信息: UH8)r
(单位:千元) ,nMc.
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项目 20×8 20×7 ^FLuhLS\*
营业收入 64 000 48 000 "Q*Z?6[Z
营业成本 54 000 42 000 x)@G+I\u
净利润 30 -20 |qra.\
.MO"8}]8Z
20×8年12月31日 20×7年12月31日 gd9ZlHo'Id
存货 16 000 12 000 G:qkk(6_#
流动资产 60 000 50 000 f#xqu+)Z
总资产 100 000 90 000 2fc8w
3
流动负债 20 000 18 000 N"~P` H![x
总负债 30 000 25 000 ],%}}UN
在审计过程中,约翰发现以下事项: !Xt=+aKN
(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: 3mWd?!+m=
借:银行存款5 820 000 ?k4O)?28
财务费用 180 000 Gq5)>'D?
贷:应收票据6 000 000 fT.5@RR7^
(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: GXaCH))TO
借:营业外支出 3 000 000 \IQP`JR
贷:预计负债 3 000 000 ZgO7W]Z4
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: 8;3T65KY
借:预计负债 3 000 000 QsYc 9]:
贷:银行存款 2 500 000 _\ n'uW$
营业外收入 500 000 k07 JMS?
要求: ZiDmx-X
(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。 (bo{vX
(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: !ViHC}:
(a)20×8年存货周转率 x@bZ((w
(b)20×8年销售毛利率 (JC -4X_
(c)20×8年总资产净利率 ~S Js2-2
(d)20×8年12月31日的流动比率 (E)/' sEb
(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) n?@o:c5,r
【答案】 (mHFyEG
(1)应选择营业收入作为计算重要性水平的基础。 [_j.pMH/P
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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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 gDnG!i+
销售毛利率=(64000-54000)/64000×100%=15.63% n15c1=gs
总资产净利率=30/[(100000+90000)/2]=0.03% EAFKf*K=
流动比率=60000/20000=3 ))63?_
(3) hD58 s"L$
a.应建议做如下审计调整分录: 5}e-~-
借:应收票据 6 000 000 nLkC-+$tM
贷:短期借款 5 820 000 C78d29
财务费用 180 000 e*vSGT$KgL
b.应建议做如下审计调整分录: ~I/7{B|yX
借:预计负债 3 000 000 _p{ag
1gP
贷:营业外支出 500 000 {U=za1Ga
其他应付款 2 500 000 iZ[o2Tre