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)。 >}%#s`3W1_
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: `[g$EXX
(Expressed in RMB thousands) lwrh4<~\,*
FINANCLAL STATEMENTS ITEMS IGQBTdPUa
20×8 -Dx3*Zh P
20×7
Pd\4hy
@j_o CDS
Sales !%ju.Xs8
64000 @uCi0P t
48000 FHw%ynC
l nHY?y7{
Cost of sales Wc2&3p9 c
54000 jwa6
`u
42000 Qn.dL@W
vt2.
i$u
Net profit hxH6Ii]\
30 D
5n
\h5
-20 +pwTM]bV
&K[sb%
#IvKI+"
December 31, 20×8 ye9GBAj
/
December 31, 20×7 xc 1d[dCdp
"aF2:E'
Inventory SsTBjIX
16000 N6"sXwm
12000 \} v@!PQl
{VW\EOPV~
Current assets gv>DOez/
60000 Nh }-6|M
50000 el*|@#k}
G=|?aK{p
Total assets 4@3 \Ihv
100000 hmo4H3g!N
90000
x _>1x#
Os'E7;:1h
Current liabilities Y3DqsZ@
20000 5>.ATfAsV
18000 eN.6l2-
9 da=q
Total liabilities `e<IO_cg
30000 \
tYImh
25000 v#&;z_I+
0*b8?e
P|@[D=y
During the audit, John has the following findings: YiO}"
(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: '1LN)Yw
Dr. Cash in Bank RMB 5820000 U1y!R<qlp
Dr. Financial Expenses RMB 180000 mc%.
8i
Cr. Notes Receivable RMB 6000000 2=fM\G
(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: nt$PA(Y
Dr. Non-operating Expenses RMB 3000000 ,--#3+]XU
Cr. Provisions RMB 3000000 y EfAa6
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 NMK$$0U
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: Hq 5#.rZ#
Dr. Provisions RMB 3000000 F\xIVY
Cr. Cash in Bank RMB 2500000 9;v3
(U+:
Cr. Non-operating Income RMB 500000 ,.p
36ZLP
Required: \#]%S/_ A
(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. j!i*&
(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: /)J]ItJlz
(a)Inventory Turnover Rate in 20×8; S8dfe~ |7:
(b)Gross Profit Ratio in 20×8; / ^d9At614
(c)After Tax Return on Total Assets in 20×8; and G{fPQ=
(d)Current Ratio as at December 31, 20×8 &,%n
(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. 36(qe"s
【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%
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以下是未经审计财务报表的部分信息: 7V::P_aUY
(单位:千元) _]o7iqtv
项目 20×8 20×7 T90O.]S
营业收入 64 000 48 000 Xydx87L/-e
营业成本 54 000 42 000 hbJy<e1W
净利润 30 -20 DSRc4|L
bT2c&VPCE
20×8年12月31日 20×7年12月31日 XLpn3sX$
存货 16 000 12 000 }EwE#sZ#
流动资产 60 000 50 000 S;#:
~?dU
总资产 100 000 90 000 I2CI9,0
流动负债 20 000 18 000 k
6[
总负债 30 000 25 000 59D'*!l-
在审计过程中,约翰发现以下事项: \A\
(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: 6jc5B#
借:银行存款5 820 000 [>?|wQy >=
财务费用 180 000 h SS9mQ
贷:应收票据6 000 000 >oJabR
(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: j:1N&7<FU
借:营业外支出 3 000 000 6/L[`n"G
贷:预计负债 3 000 000 :j3'+%'2
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: u-iQ
借:预计负债 3 000 000 u->[y1JY
贷:银行存款 2 500 000 h )Y.jY
营业外收入 500 000 (Ud"+a
要求: ;hq_}.
(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。 8/R$}b><
(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: 3lWGa7<4Z
(a)20×8年存货周转率 [C4{C4TX
(b)20×8年销售毛利率 Dz~^Au
D6
(c)20×8年总资产净利率 Pzzzv^+
(d)20×8年12月31日的流动比率
$m5Iv_
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) .jP|b~
【答案】 `Z>=5:+G@2
(1)应选择营业收入作为计算重要性水平的基础。 n-M6~
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 v2]N5
3n7>qZ.d
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 x'}zNEXI
销售毛利率=(64000-54000)/64000×100%=15.63% (G+)v[f
总资产净利率=30/[(100000+90000)/2]=0.03% WP\kg\o
流动比率=60000/20000=3 E.m2- P;4
(3) -V2`[k
a.应建议做如下审计调整分录: OjffN'a+N
借:应收票据 6 000 000 9s5s;ntz"
贷:短期借款 5 820 000 V_$<^z|
财务费用 180 000 bvB7d`wx
b.应建议做如下审计调整分录: }KUK|p5
借:预计负债 3 000 000 3+'vNc
贷:营业外支出 500 000 ]lGkZyUhI
其他应付款 2 500 000 B=W#eu
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