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)。 ]@l~z0^|[_
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: 3Zsqx=w
(Expressed in RMB thousands) Xfx(X4$ 9
FINANCLAL STATEMENTS ITEMS ERL(>)
20×8 @^Mn
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20×7 !IoD";Oi
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Sales HG@!J>YaD
64000 vb:
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48000 *-Lnsi^7v
&gF{<$$
Cost of sales +x
G] (?
54000 )_+"
42000 yN{Yb
p
h1fJ`WT6,
Net profit mfG|K@ODM-
30 '7>Vmr6
-20 Ul@ZC
v+
qfC9 {gu
#`z!f0
P
December 31, 20×8 po=*%Zs*T
December 31, 20×7 dyWWgC%A
rZGbU&ZM8
Inventory TuIeaH% x
16000 ;oh88,*'
12000 A40 -
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Aplqxvth
Current assets :KX/`
60000 HLYM(Pz
50000 \Zoo9Wy
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Total assets Uj k``;
100000 Y141Twjvd
90000 51x^gX|
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Current liabilities lBQ|=
20000 ys+?+dY2
18000 !}1n?~]`
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Total liabilities nkhM1y
30000 9-Ib+/R0
25000 M*c\=(
= 1}-]ctVn
::TUSz2/2
During the audit, John has the following findings:
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(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: Q7=J[,V: 2
Dr. Cash in Bank RMB 5820000 ^~BJu#uVyy
Dr. Financial Expenses RMB 180000 M?
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Cr. Notes Receivable RMB 6000000 t"0~2R6
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(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: vZ]gb$
Dr. Non-operating Expenses RMB 3000000 _LK>3Sqd
Cr. Provisions RMB 3000000 }=f}@JlFB
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Iu1P}R>C
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: Fof_xv9
Dr. Provisions RMB 3000000 oAvJ"JH@i
Cr. Cash in Bank RMB 2500000 Wc,8<Y'
Cr. Non-operating Income RMB 500000 cK-!Evv
Required: ,{oP`4\Lm
(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. H>DJ-lG(
(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: Ce_Z
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(a)Inventory Turnover Rate in 20×8; R
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(b)Gross Profit Ratio in 20×8; m};_\Db`
(c)After Tax Return on Total Assets in 20×8; and 3\(s=-vh
(d)Current Ratio as at December 31, 20×8 Zfb:>J@h6
(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.
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【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。 n53}79Uiz
以下是未经审计财务报表的部分信息: jNIM1_JjD
(单位:千元) e
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项目 20×8 20×7 G&uj}rj
营业收入 64 000 48 000 #;mZ3[+i5
营业成本 54 000 42 000 YF:NRY[i
净利润 30 -20 gdT^QM:y4$
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20×8年12月31日 20×7年12月31日 %pwm34
存货 16 000 12 000 OOk53~2id
流动资产 60 000 50 000 uWfse19
总资产 100 000 90 000 yTDoS|B+)
流动负债 20 000 18 000 e<C5}#wt
总负债 30 000 25 000 iww h,(
在审计过程中,约翰发现以下事项: ^mz_T+UOe
(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: VX>_Sps
借:银行存款5 820 000 Pc(2'r@#
财务费用 180 000 9CN /v
贷:应收票据6 000 000 v5 9>
(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: ]&r/H17
借:营业外支出 3 000 000 9J%>2AA
贷:预计负债 3 000 000 be764do
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: Vy/g;ZPU1
借:预计负债 3 000 000 /kJ*WA?J
贷:银行存款 2 500 000 )Z;Y,g
营业外收入 500 000 {(tE pr
要求: C/cGr)|8%
(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。 Hou{tUm{xC
(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: DC$
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(a)20×8年存货周转率 FF_$)%YUp
(b)20×8年销售毛利率 S"eKiS,z
(c)20×8年总资产净利率 l y%**iN
(d)20×8年12月31日的流动比率 #d
l8+
(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) ,F*e^#>
【答案】 sO
(1)应选择营业收入作为计算重要性水平的基础。 vj_oMmjKw
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 8n73MF
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 IIu3mXAw
销售毛利率=(64000-54000)/64000×100%=15.63% oqY?#p/
总资产净利率=30/[(100000+90000)/2]=0.03% q%y_<Fw#E
流动比率=60000/20000=3 L;`
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(3) N%_~cR;
a.应建议做如下审计调整分录: <r\)hx0ov
借:应收票据 6 000 000 B!N8 07
贷:短期借款 5 820 000 B{K'"uC
财务费用 180 000 CTI(Kh+
b.应建议做如下审计调整分录: 7<tqT
@c
借:预计负债 3 000 000 nAX|=qp#
贷:营业外支出 500 000 EjF}yuq[
其他应付款 2 500 000 *K98z ?