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)。 c(
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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: 7AT
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(Expressed in RMB thousands) lCp6UkE
FINANCLAL STATEMENTS ITEMS *6AV^^
20×8 t :YZua
20×7 3\j`
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Sales ?<3 d
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64000 57{T
p:|
48000 sYDav)L.
7afG4
(<k
Cost of sales +vxf_*0;
54000 /fb}]e]N
42000 Lr:n
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Net profit
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M% 3
30 ^0| :
-20 ( `bb1gz
96
~y\X@x
WFahb3kx
December 31, 20×8 TCRTC0_}k
December 31, 20×7 eo4z!@pRN
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Inventory $eI
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16000
5U7,,oyh
12000 uXFI7vV6P
OXQA(%MK
Current assets "A+7G5
60000 ANBuX6q
50000 &2XH.$Q
^P~,bO&H.Z
Total assets T~/>U&k}J
100000 4y3c=L
No
90000 JYw?
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Current liabilities LJ@(jO{z
20000 i*:QbMb
18000 ])F+ C/Px1
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Total liabilities *w*K&$g
30000 '9WTz(0?
25000 q1u$Sm
+u$JMp
G) KI{D
During the audit, John has the following findings: [06m{QJ)1
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: Q >[>{N&\
Dr. Cash in Bank RMB 5820000 H}~K51
Dr. Financial Expenses RMB 180000 80lhhqRC
Cr. Notes Receivable RMB 6000000 7O*Sg2B
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: :$K=LV#Iru
Dr. Non-operating Expenses RMB 3000000 ^$'z#ZN1
Cr. Provisions RMB 3000000 Mo N/?VA
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 D1-/#QN$1
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: I ]o|mjvs
Dr. Provisions RMB 3000000 WZ6{9/%:
Cr. Cash in Bank RMB 2500000 ;303fS
Cr. Non-operating Income RMB 500000 h?/E />
Required: Q?
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(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. +8Q @R)3
(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: PZ6R+n8
(a)Inventory Turnover Rate in 20×8; PRiE2Di2S
(b)Gross Profit Ratio in 20×8; q>'#; QA
(c)After Tax Return on Total Assets in 20×8; and a+lNXlh=
(d)Current Ratio as at December 31, 20×8 Ey:?!
(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. OW};i|
【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。 *GXPN0^Qjo
以下是未经审计财务报表的部分信息: )tJaw#Mih
(单位:千元) C)i8XX
项目 20×8 20×7 k%~;mu"4}
营业收入 64 000 48 000 vd#)+
营业成本 54 000 42 000 qB_s<cpn>
净利润 30 -20 BV@q@C
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20×8年12月31日 20×7年12月31日 g`'!Vgd?M[
存货 16 000 12 000 /_J{JGp9
流动资产 60 000 50 000 q%d'pF
总资产 100 000 90 000 sS{Co8EJn
流动负债 20 000 18 000 F5:xrcyC
总负债 30 000 25 000 M.dX;iM<
在审计过程中,约翰发现以下事项: }U'9 d#N
(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: jG&HPVr
借:银行存款5 820 000
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财务费用 180 000 ;\A_-a_(#
贷:应收票据6 000 000 g,iW^M
(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: S+.>{0!S"
借:营业外支出 3 000 000
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贷:预计负债 3 000 000 >CrrxiG
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: `~d7l@6F
借:预计负债 3 000 000 /"`hz6rIv
贷:银行存款 2 500 000 ?0dmw?i
营业外收入 500 000 2 ^"j]g>mj
要求: O,
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(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。 u8JH~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: %-fXa2
(a)20×8年存货周转率 YBj*c$.D0
(b)20×8年销售毛利率 l*hWws[
(c)20×8年总资产净利率 EZiLXQd_
(d)20×8年12月31日的流动比率 ygja{W.
(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) ,OwTi:yDr
【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 g"'BsoJ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 *A48shfO
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 nl(GoX$vRQ
销售毛利率=(64000-54000)/64000×100%=15.63% Bt")RG
总资产净利率=30/[(100000+90000)/2]=0.03% k*2khh-
流动比率=60000/20000=3 ]m`:T
(3) ?QKDYH(
a.应建议做如下审计调整分录: 9xJtDdy-O
借:应收票据 6 000 000 %k?/pRv$>
贷:短期借款 5 820 000 r$4d4xtK
财务费用 180 000 Jjj;v2uSK
b.应建议做如下审计调整分录: dKEy6C"@
借:预计负债 3 000 000 40
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贷:营业外支出 500 000 3
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其他应付款 2 500 000 {7oPDP