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)。 VJN/#
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: o)tKH@`vE
(Expressed in RMB thousands) N&fW9s}
FINANCLAL STATEMENTS ITEMS >;
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20×8 U['JFLF
20×7 L/q]QgCoA
Dc.n-ipv$
Sales mA(nyF
64000 Rk
pr8MS
48000 BFMS*t`
'7Mep
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Cost of sales [J)/Et
54000 q]"2hLq
42000 894r;UA7
e^k!vk-SLF
Net profit -(\1r2
Y
30
GS
;HtUQ
-20 -RG8<bI,
Z}8k[*.
qr)v'aC
3
December 31, 20×8 j?:`-\w5
December 31, 20×7 @up&q
|} K
Inventory &|Lh38s@$#
16000 {ExII<=6
12000 0 kf(g156
(9mbF%b
Current assets O87"[c`>
60000 _urG_~q
50000 o'C~~Vg).
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Total assets k"">2#V
100000 dqqnCXYuW
90000 |',
M_
e]
K;oV"KRK
Current liabilities I@n*[EC
20000 $!!R:Wn/R
18000 wgY6D!Y
U/ ?F:QD4
Total liabilities P+Wm9xR2d
30000 (y1$MYZQ
25000 tNK^z7Dm
>M?H79fF2s
pw@`}cM=
During the audit, John has the following findings: P}HC(S1
(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: gUl1
CH&
Dr. Cash in Bank RMB 5820000 m_a^RB(
Dr. Financial Expenses RMB 180000 XZ.7c{B<
Cr. Notes Receivable RMB 6000000 >n]oB~P%
(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: Da-u-_~
Dr. Non-operating Expenses RMB 3000000 D =$4/D:;
Cr. Provisions RMB 3000000 kMM'[w
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 N99[.mErU
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: p-.Ri^p
Dr. Provisions RMB 3000000 SOVjEo4'3
Cr. Cash in Bank RMB 2500000 3 m6$YWO
Cr. Non-operating Income RMB 500000 -*?p F_*w
Required: yahAD.Xuo@
(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. C(G(^_6
(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: 0HqPyM13Q
(a)Inventory Turnover Rate in 20×8;
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(b)Gross Profit Ratio in 20×8; Q4RpK(N
(c)After Tax Return on Total Assets in 20×8; and hjkLVL
(d)Current Ratio as at December 31, 20×8 Y?<)Dg.[
(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. _ w/_(k
【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。 ton1oq
以下是未经审计财务报表的部分信息: KyT uF
(单位:千元) `|nH1sHFq
项目 20×8 20×7 sa*g
营业收入 64 000 48 000 tww=~!
营业成本 54 000 42 000 eNtf#Rqym
净利润 30 -20 !x
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u$C\E<G^
20×8年12月31日 20×7年12月31日 IroPx#s:i
存货 16 000 12 000 'xIyGDe
流动资产 60 000 50 000 J,??x0GDx,
总资产 100 000 90 000 jgG
$'|s}
流动负债 20 000 18 000 dPsLZ"I
总负债 30 000 25 000 g0PT8]8
在审计过程中,约翰发现以下事项: }`9jH:q-Z
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: W RF.[R"
借:银行存款5 820 000 vDsF-u1
财务费用 180 000 ~(P&g7u
贷:应收票据6 000 000 3A_G=WaED
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: S#tY@h@XV
借:营业外支出 3 000 000
;+a2\j+
贷:预计负债 3 000 000 @Gt`Ds9=
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: Vz{>cSz#
借:预计负债 3 000 000 SrF x_n
贷:银行存款 2 500 000 pr_>b`p6
营业外收入 500 000 5Q W}nRCZ
要求: |#k@U6`SG
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 M ,`w A
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 'S*k_vuN
(a)20×8年存货周转率 )n>+m|IqY(
(b)20×8年销售毛利率 eNbpwne
(c)20×8年总资产净利率 5X#E@3g5
(d)20×8年12月31日的流动比率 KFU%DU G
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) U6<M/>RG$
【答案】 J? .F\`N)
(1)应选择营业收入作为计算重要性水平的基础。 `rlk|&T1
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ^XG*z?Tt
Br!9x{q*
(2)存货周转率=54 000/[(16000+12000)/2]=3.86
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销售毛利率=(64000-54000)/64000×100%=15.63% _|A
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总资产净利率=30/[(100000+90000)/2]=0.03% s3:9$.tiR[
流动比率=60000/20000=3 ~Wei|,w'<
(3) a7#?h%wf
a.应建议做如下审计调整分录: ?{6s58Q{
借:应收票据 6 000 000 vQ1 v#Z
贷:短期借款 5 820 000 Ab2Q
\+,
财务费用 180 000 Be2lMC
b.应建议做如下审计调整分录: .XS9,/S
借:预计负债 3 000 000 rQb7?O@-
贷:营业外支出 500 000 \F{:5,Du)
其他应付款 2 500 000 U\zD,<I9