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)。 {2xc/
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: Qt"jU+Zoy
(Expressed in RMB thousands) Cjt].XR@
FINANCLAL STATEMENTS ITEMS /5KY6XxR
20×8 1=_?Wg:
20×7 H5vg s2R
H(?+-72KX
Sales ty;a!yjC
64000 =J-&usX
48000 ZdhA:}~^E
d|tNn@jN
Cost of sales c#9=o;1El
54000 "2!5g )iO
42000 CW@EQ3y0
|em_l$oGc
Net profit nKwOSGPQt
30 u<\Sf" fs
-20 N+UBXhh
n Fwg pT
M%13b$i~f
December 31, 20×8 @gx]3t*]I
December 31, 20×7 d^Cv9%X
lE bV)&'
Inventory @ uL4'@Ej
16000 ]<iD'=a
12000 NmNj0&
{- &wV
Current assets yBqKldl
60000 ]o9^?iU]
50000 q\s>Oe6$
jTsQsHq
Total assets K?S5C8
100000 b5
AP{
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90000 :Mu]*N
1VXn`O?LW
Current liabilities "f!H[F1~
20000 w`Cs,
18000 mnYzn[d3U
e&pt[W}X%u
Total liabilities B%co`0$
30000 mj& 4FQ#O*
25000 ,Igd<A=
`g'9)Xf4KT
C%
P"\>5@
During the audit, John has the following findings: t] G hONN
(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: ]1
bN cq2I
Dr. Cash in Bank RMB 5820000 Cm6%wAzC
Dr. Financial Expenses RMB 180000 K{G\=yJ((
Cr. Notes Receivable RMB 6000000 I(Q3YDdb
(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: %vWh1-
Dr. Non-operating Expenses RMB 3000000 ;`Wh^Qgi
Cr. Provisions RMB 3000000 OYIH**?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =eeZtj.
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: C/z 0/mk
Dr. Provisions RMB 3000000 )K0rPnYV
Cr. Cash in Bank RMB 2500000 mk
`#\=GE
Cr. Non-operating Income RMB 500000 mm`yu$9gbP
Required: @3Mp>u/
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. RZ9chTX/
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 2$>
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(a)Inventory Turnover Rate in 20×8; JN<u4\e{-&
(b)Gross Profit Ratio in 20×8; \4 hB1-
(c)After Tax Return on Total Assets in 20×8; and s+]6X*)
(d)Current Ratio as at December 31, 20×8 {dNWQE*\c
(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. \ci[<CP
【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。 vy5SBiK
以下是未经审计财务报表的部分信息: 8|
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(单位:千元) li)shp)
项目 20×8 20×7 &_<!zJ;Hn
营业收入 64 000 48 000 uPL|3ACS
营业成本 54 000 42 000 }woNI
净利润 30 -20 T oK'Pd
8CGjI?j
20×8年12月31日 20×7年12月31日 v?#W/].C+
存货 16 000 12 000 sG k'G573
流动资产 60 000 50 000 s#C~HK
总资产 100 000 90 000 /: }"Z b
流动负债 20 000 18 000 qa)Qf,`
总负债 30 000 25 000 sy+tLDMd
在审计过程中,约翰发现以下事项: ,g bQqoLV
(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: `BKV/Xl
借:银行存款5 820 000 i{nFk',xX
财务费用 180 000 \XgpwvO".
贷:应收票据6 000 000 MN. $a9m
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: `&)uuLn|
借:营业外支出 3 000 000 (Q][d+} /
贷:预计负债 3 000 000 "s
rRlu
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 0r'<aA`=I
借:预计负债 3 000 000 3q$"`w
贷:银行存款 2 500 000 Hyz:i)2
营业外收入 500 000 @xPWR=Lb
要求: -ZE]VO*F
(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。 q5ja \
(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: nG !6[^D
(a)20×8年存货周转率 CUZ
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(b)20×8年销售毛利率 #TKByOcD2!
(c)20×8年总资产净利率 &0%x6vea
(d)20×8年12月31日的流动比率 ]='zY3
(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) Qj',&b
【答案】 w4\g]\
(1)应选择营业收入作为计算重要性水平的基础。 C:@JLZB
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 uO}UvMW
{G4{4D }
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Ga#5xAI{a
销售毛利率=(64000-54000)/64000×100%=15.63% !p|d[
总资产净利率=30/[(100000+90000)/2]=0.03% je^=g nq
流动比率=60000/20000=3 e?)ic\K
(3) N3QDPQ
a.应建议做如下审计调整分录: >]S-a-|Bp
借:应收票据 6 000 000 A&/YnJ"
贷:短期借款 5 820 000 UU"'
财务费用 180 000 DE _<LN
b.应建议做如下审计调整分录: I<^&~==
借:预计负债 3 000 000 MWron_xg
贷:营业外支出 500 000 FJ(}@U}57
其他应付款 2 500 000 qA5PIEvdq