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)。 ?b5^
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: xi;`ecqS<
(Expressed in RMB thousands) bK-N:8Z
FINANCLAL STATEMENTS ITEMS i(+p0:< 0
20×8 ,3 u}x,
20×7 gbagi+8s`%
Jqi%|,/] N
Sales fLAw12;^
64000 HiJE}V;Vq
48000 )sQ*Rd@t[8
*G9V'9
Cost of sales FN) $0
54000 U|j`e5)
42000 mU9kVx1+
W'u>#
Net profit MR.'t9m2L
30 *siFj
CN<
-20 t5IEQ2
yJe>JK~)
dN[\xVcj
December 31, 20×8 >~+ELVB&
December 31, 20×7 *EwR!L*
Hg (Gl
Inventory 1]/.` ]1
16000 *bpD`s
@
12000 2jCf T>`3
7W.~
Current assets @49S`
60000 !m?-!:
50000 3%=~)7cF
{U !g.rh
Total assets Tc3yS(aq
100000 'a.qu9PJ
90000 hqkz^!rp
-!]ZMi9
Current liabilities 4#hSJ(~7S
20000 delu1r
18000 ,UdVNA
_ZkI)o
Total liabilities ~gRf:VXX=_
30000 jdJ>9O0A,
25000 v
d4ytC
BsYa3d=}
*%@h(js
During the audit, John has the following findings: hpL;bM'
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: HT1!5
Dr. Cash in Bank RMB 5820000 Qv
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Dr. Financial Expenses RMB 180000 L5:$U>H(
Cr. Notes Receivable RMB 6000000 UN<]N76!
(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: y9}>: pj4
Dr. Non-operating Expenses RMB 3000000 ))'<_nD
Cr. Provisions RMB 3000000 G+|` 2an
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 0b(N^$js'
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: WU=59gB+jL
Dr. Provisions RMB 3000000 ^eYVWQ'
Cr. Cash in Bank RMB 2500000
k7A-J\
Cr. Non-operating Income RMB 500000 GYUn6P
Required: 7o5BXF
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. K~uq,~
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: J!U}iD@occ
(a)Inventory Turnover Rate in 20×8; QWHug:c
(b)Gross Profit Ratio in 20×8; i5,kd~%O
(c)After Tax Return on Total Assets in 20×8; and I83<r 9
(d)Current Ratio as at December 31, 20×8 AX/m25x
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. _MX>#!l
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 HEc+;O1<
以下是未经审计财务报表的部分信息: 9o:Lz5o
(单位:千元) ?"g2v-jTK
项目 20×8 20×7 l$bu%SZ
营业收入 64 000 48 000 3fQuoQuD"}
营业成本 54 000 42 000 YcK|.Mq':
净利润 30 -20 Whf.fK
"d5n \@[t
20×8年12月31日 20×7年12月31日 B%+T2=&
$7
存货 16 000 12 000 n3
r3"~i
流动资产 60 000 50 000 %UCr;H/
总资产 100 000 90 000 @A^;jk
流动负债 20 000 18 000 naznayy
总负债 30 000 25 000
3]3|
在审计过程中,约翰发现以下事项: 9.B
KI/
(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: !9P';p}2
借:银行存款5 820 000 j+v=Ul|l
财务费用 180 000 PxkOT*
贷:应收票据6 000 000 tr}Loq\y
(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: Jidwt$1l(
借:营业外支出 3 000 000 eb"5-
0
贷:预计负债 3 000 000 EV@X*| w
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: t"'7m^j
借:预计负债 3 000 000 e|WJQd4+S
贷:银行存款 2 500 000 i|*)I:SHU
营业外收入 500 000 gz#i.-
要求: 1gN=-AC
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 &t:Gx<]
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: q\p:X"j|
(a)20×8年存货周转率 ):_\;.L
(b)20×8年销售毛利率 6h,(wo3Y
(c)20×8年总资产净利率
*QQzvhk
(d)20×8年12月31日的流动比率 t+T4-1 3a
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) I(7NQ8Hx
【答案】 8::$AQL3
(1)应选择营业收入作为计算重要性水平的基础。 +8d1|
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 JKmIvZ)8
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 0eu$ W
销售毛利率=(64000-54000)/64000×100%=15.63% $Kncvu
总资产净利率=30/[(100000+90000)/2]=0.03% TXvI4"&
流动比率=60000/20000=3 Jk=I^%~
(3) MC:@U~}6
a.应建议做如下审计调整分录: ;{tj2m,
借:应收票据 6 000 000 y0.8A-2:
贷:短期借款 5 820 000 !SdS
E^lz`
财务费用 180 000 kH7(@Pa
b.应建议做如下审计调整分录: )@Yf]qx+Y<
借:预计负债 3 000 000 (~wqa 3
贷:营业外支出 500 000 bU:EqW\( ^
其他应付款 2 500 000 p(`6hWx