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)。 hu7oJ H
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: Nfv`
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(Expressed in RMB thousands) I}|
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FINANCLAL STATEMENTS ITEMS
bM }zGFt
20×8 =$ T[
20×7 @:@5BCs<
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Sales l\!`ZhM,
64000 ] VEc9?
48000 ||fCY+x*8
@i#=1)Ze
Cost of sales n0t+xvNDF_
54000 LoSrXK~0~J
42000 yr* ~?\
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Net profit 4QYStDFe
30 o)Px d
-20 jthyZZ
bZZ_yc
-
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December 31, 20×8 >wR)p\UEb
December 31, 20×7 ) r"7" i
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Inventory R*lq.7
16000 R:+?<U&
12000 G7KOJZb+D
xCyD0^KY
Current assets <e wcWr
60000 _`
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50000 L+mHeS l
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Total assets #iRd2Qj%
100000 F3 g$b,RMH
90000 V0*MY{x
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Current liabilities 9`CJhu
20000 1_8@yO
18000 \Hq=_}]F
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Total liabilities #WE
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30000 K_;?Sr=
25000 !<F5W<V
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S2 P9C"
During the audit, John has the following findings: Yf1%7+V35
(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: 9)n3f^,Oj*
Dr. Cash in Bank RMB 5820000 '$4&q629d
Dr. Financial Expenses RMB 180000 tiRi_
Cr. Notes Receivable RMB 6000000 ?5EMDawt
(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: m!(dk
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Dr. Non-operating Expenses RMB 3000000 31F^ 38
Cr. Provisions RMB 3000000 H2+V1J=
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 B"`86qc
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: 3GMrdG?Y
Dr. Provisions RMB 3000000 @lqI,Ce5
Cr. Cash in Bank RMB 2500000 C?<[oQb#
Cr. Non-operating Income RMB 500000 6I|9@~!y[
Required: sdKm@p|/|
(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. l=a<=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: {+gK\Nz
(a)Inventory Turnover Rate in 20×8; gEmsPk,
(b)Gross Profit Ratio in 20×8; 7{V N27Fa_
(c)After Tax Return on Total Assets in 20×8; and :#UA!|nV
(d)Current Ratio as at December 31, 20×8 Ss1&fZoj
(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. \SWuylE
【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。 a,:Nlr3
以下是未经审计财务报表的部分信息: a!&m\+?
(单位:千元)
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项目 20×8 20×7 }kJ9<h,
营业收入 64 000 48 000 R#ya9GN{
营业成本 54 000 42 000 b86c[2
净利润 30 -20 g}BS:#$
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20×8年12月31日 20×7年12月31日 n
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存货 16 000 12 000 I@1VX5
流动资产 60 000 50 000 )X6I#q8
总资产 100 000 90 000 u~Y+YzCxV
流动负债 20 000 18 000 Xa$tW%)
总负债 30 000 25 000 &}0#(Fa`
在审计过程中,约翰发现以下事项: d:hX3
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 0{stIgB$
借:银行存款5 820 000 3)l<'~"z<
财务费用 180 000 r90R~'5x9
贷:应收票据6 000 000 #* 8^ar<
(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: o<g1;
借:营业外支出 3 000 000 Slp_o\s$@
贷:预计负债 3 000 000 4EhWK;ra
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: OjK+`D_C
借:预计负债 3 000 000 Ujvk*~:
贷:银行存款 2 500 000 zB6&),[,v
营业外收入 500 000 ^>s{o5H&
要求: vs*@)'n0 }
(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。 3IoN.
(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: h3p~\%^
(a)20×8年存货周转率 C1-Jj_XQ.
(b)20×8年销售毛利率 wy""02j
(c)20×8年总资产净利率 \obM}caT
(d)20×8年12月31日的流动比率 T
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(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) &qm:36Y7Xg
【答案】 y*
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(1)应选择营业收入作为计算重要性水平的基础。 ]/Cu,mX
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 De49!{\a
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 (>-(~7PR
销售毛利率=(64000-54000)/64000×100%=15.63% K3`48,`?wA
总资产净利率=30/[(100000+90000)/2]=0.03% v2>Dn
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流动比率=60000/20000=3 $o*p#LU
(3) D ~NWP%H
a.应建议做如下审计调整分录: fBPJ8VY
借:应收票据 6 000 000 ?T>N vKF
贷:短期借款 5 820 000 :]`JcJ
财务费用 180 000 B,A\/%<
b.应建议做如下审计调整分录: l,
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借:预计负债 3 000 000 mXUe/*r0T
贷:营业外支出 500 000 ,"T[#A~
其他应付款 2 500 000
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