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)。 l0@+&Xj
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: n*nsFvt%o
(Expressed in RMB thousands) n~C!PXE
FINANCLAL STATEMENTS ITEMS t(Sjo8,
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20×8 )2dTgvy
20×7 >og-
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Sales _I
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64000 J<27w3bs~p
48000 jFPD SR5
pdEUDuX
Cost of sales ^wTod\y
54000 w^N3Ma
42000 {~a+dEz
c_dg/!Iu
Net profit ,5J}Wo?Q}
30 x17K8De
-20 ?o883!&v
l/ :23
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December 31, 20×8 s!eB8lkcT
December 31, 20×7 ;($" _h
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Inventory _
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16000 r?:xD(}Q
12000 04}" n
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Current assets w\(;>e@
60000 jTE~^
50000 ]s<}'&
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Total assets u~\I
100000 hJkF-yW
90000 $#LR4 [Fq
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Current liabilities ]aqg{XdGt
20000 lq*{2M{[
18000 MzX4/*ba
ai@hQJ*
Total liabilities ,d~6LXr<fM
30000 {ZR>`'^:
25000 vzPuk|q3
,'z=cB`+o
*Iir/6myM
During the audit, John has the following findings: 6E0{(*
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: Jh!'"7
Dr. Cash in Bank RMB 5820000 m%[`
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Dr. Financial Expenses RMB 180000 X$(Dem
Cr. Notes Receivable RMB 6000000 :0'2m@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: 'BmLR{[2L
Dr. Non-operating Expenses RMB 3000000 Z&[_8Y5j
Cr. Provisions RMB 3000000 rUOl+p_47
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 <WCTJ!Z
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: ux=0N]lc
Dr. Provisions RMB 3000000 T2p;#)dP
Cr. Cash in Bank RMB 2500000 LktH*ePO
Cr. Non-operating Income RMB 500000 @?YO_</
Required: F* h\ #?
(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. <V_P)b8$1
(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: .M zAkZ=
(a)Inventory Turnover Rate in 20×8; 1$1[6
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(b)Gross Profit Ratio in 20×8; Dg~L"
(c)After Tax Return on Total Assets in 20×8; and QxS=W2iN
(d)Current Ratio as at December 31, 20×8 /hksESiU
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. ?@LqrKj11
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。
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以下是未经审计财务报表的部分信息: 3wf&,4`EX
(单位:千元) nBo?r}t4
项目 20×8 20×7 \;
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营业收入 64 000 48 000 }V I}O{
营业成本 54 000 42 000 Eu)(@,]we
净利润 30 -20 6<>T{2b:(p
Yp(F}<f?
20×8年12月31日 20×7年12月31日 GO<,zOqvU
存货 16 000 12 000 )ZqY`by!
流动资产 60 000 50 000 6tKCY(#oO+
总资产 100 000 90 000 <yw(7
流动负债 20 000 18 000 UD}#c:I
总负债 30 000 25 000 NPY\ >pf
在审计过程中,约翰发现以下事项: =/zb$d cz
(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: 'j27.Ry.
借:银行存款5 820 000 iB0#Z_
财务费用 180 000 ;(I')[R"
贷:应收票据6 000 000 4t e QG
(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: 6X`i*T$.
借:营业外支出 3 000 000 r>Rm=eKJ
贷:预计负债 3 000 000 '7;b+Vbl#
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: io{\+%;b~
借:预计负债 3 000 000 C0v1x=(xiM
贷:银行存款 2 500 000 =QQTHL{3
营业外收入 500 000 f9FEH7S68
要求: !gbPxfH:6
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 BfOQ/k))
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: }
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(a)20×8年存货周转率 7 S6@[-E
(b)20×8年销售毛利率 RW I7eC
(c)20×8年总资产净利率 ;2\+O"}4H
(d)20×8年12月31日的流动比率 >xB[k-C4
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) vn"+x_
【答案】 q47:kB{d
(1)应选择营业收入作为计算重要性水平的基础。 TVs#,
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 9qcA+gz:|
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 mA2L~=v#
销售毛利率=(64000-54000)/64000×100%=15.63% :Y)jf
总资产净利率=30/[(100000+90000)/2]=0.03% DITo.PU
流动比率=60000/20000=3 l+HF+v$
(3) sjIUW$
a.应建议做如下审计调整分录: bpp
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借:应收票据 6 000 000 Y5,[udF:O
贷:短期借款 5 820 000 05PRlz*x=
财务费用 180 000 -{O>'9'1A
b.应建议做如下审计调整分录: CaE1h9
借:预计负债 3 000 000 [QZ g=."
贷:营业外支出 500 000 d.Im{-S
其他应付款 2 500 000 IF~E
;