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)。 jp QmKX
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: 4\EvJg@Z.
(Expressed in RMB thousands) pNR
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FINANCLAL STATEMENTS ITEMS ]%/a
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20×8 h\$juIQa
20×7 834dsl+U
'l3K*lck
Sales i3\6*$Ug
64000 AehkEN&H/t
48000 wa4(tM2
<E&"]
Cost of sales w*s#=]6
54000 " ^:$7~%bA
42000 h ^6Yjy
W&(98}oT
Net profit k@= LR
30 }D&fw=r"M
-20 XZ8;Ow=
P&@[ j0
b/Z0{38
December 31, 20×8 HR83{B21
December 31, 20×7 H/ 6GD,0
g$ oe00b
Inventory 4?^t=7N
16000 \V,;F!*#G
12000 R7 *ek_
Q-GnNT7MB3
Current assets |+MV%QG;
60000 \LS+.bp%
50000
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)pXw 3Fo
Total assets mjqVP.
100000 gZr/Dfy
90000 Soa5TM
h8!;RN[
Current liabilities j\SW~}d9
20000 nC5
18000 ;|LS$O1c
h}U\2$5
Total liabilities wB;'+d&
30000 z!I(B^)BkT
25000 97um7n
_8'F I_E3
d>Z{TFY
During the audit, John has the following findings: QAy9RQ0
(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: zoV-@<Eh
Dr. Cash in Bank RMB 5820000 cKX6pG
Dr. Financial Expenses RMB 180000 k+S 6)BQ7U
Cr. Notes Receivable RMB 6000000 a,U =irBA
(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: .baS
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Dr. Non-operating Expenses RMB 3000000 $bU|'}QR
Cr. Provisions RMB 3000000 Cu\A[6g,
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;mLbJT
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: /N
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Dr. Provisions RMB 3000000 ?7cF_Zvve
Cr. Cash in Bank RMB 2500000 RkJ\?
Cr. Non-operating Income RMB 500000 *S.2p*Vd
Required: -hP@L ++D
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion.
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 7 '@l?u/6
(a)Inventory Turnover Rate in 20×8; %XqLyeOS
(b)Gross Profit Ratio in 20×8; <oSk!6*
(c)After Tax Return on Total Assets in 20×8; and "l&sDh%Lk<
(d)Current Ratio as at December 31, 20×8 '* +]&~b
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. eD, 7gC-
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 i%W,Y8\uf*
以下是未经审计财务报表的部分信息: <)]B$~
(a
(单位:千元) !o 7uZC\
项目 20×8 20×7 :!1B6Mc
营业收入 64 000 48 000 5U[;T]{)e
营业成本 54 000 42 000 >=2nAv/(
净利润 30 -20 J|Lk::Ri
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20×8年12月31日 20×7年12月31日 *Df|D/,WE
存货 16 000 12 000 *4^!e/
流动资产 60 000 50 000 sDCa&"6+@
总资产 100 000 90 000 C<6IiF[>%
流动负债 20 000 18 000 ~`{HWmah
总负债 30 000 25 000 9`)NFy?
在审计过程中,约翰发现以下事项: P,O9On
(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: ,7pO-:*g
借:银行存款5 820 000 Fa9]!bW
财务费用 180 000 ^AD/N|X^
贷:应收票据6 000 000 7;n'4LIa9
(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: fj 19U9R
借:营业外支出 3 000 000 f$k#\=2%
贷:预计负债 3 000 000 ]P ->xJ
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: ;sa-Bh=j^
借:预计负债 3 000 000 EPr{1Z
贷:银行存款 2 500 000 $xS `i-|
营业外收入 500 000 5-w6
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要求: +6f5uMKUvs
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 /+J?Ep(_
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: D;<Qm,[
(a)20×8年存货周转率 A"C%.InZ
(b)20×8年销售毛利率 "31GC7
(c)20×8年总资产净利率 tGD$c
BE
(d)20×8年12月31日的流动比率 )j@k[}R#g
(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) 1(!!EcU_
【答案】 ^<<( }3
(1)应选择营业收入作为计算重要性水平的基础。 g=[ F W@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。 /,= wP)
i[^?24~ c
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 P,~a'_w:|D
销售毛利率=(64000-54000)/64000×100%=15.63% c?eV8h1G
总资产净利率=30/[(100000+90000)/2]=0.03% cCU'~
流动比率=60000/20000=3 ix]3t^
(3) 89@89-_mC
a.应建议做如下审计调整分录: i2$U##-ro]
借:应收票据 6 000 000 o&?Tz*"l
贷:短期借款 5 820 000 bK("8T\?
财务费用 180 000 ?i(Tc!
b.应建议做如下审计调整分录: =X>3C"]
借:预计负债 3 000 000 f<WnPoV
贷:营业外支出 500 000 Z[AJat@H
其他应付款 2 500 000 ?YgK]IxD