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)。 \PrJy6&
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: ,jU>V]YC
(Expressed in RMB thousands) lqDCK&g$E#
FINANCLAL STATEMENTS ITEMS 7?P'f3)fG
20×8 |IgR1kp+.
20×7 l.Q
oD)x\ )t8
Sales E`HoJhB
64000 ;6tra_
48000 m#"_x{oa
V!}I$JiJ
Cost of sales ,K5K?C$k
54000 N$fP\h^AR
42000 &l(T},-X
_O`prX.:B0
Net profit ^<;W+dWdU
30 _@5Xmr
-20 LdUz;sb
}%g[1
#%(
-[mmT'sS
December 31, 20×8 *zrT;jG
December 31, 20×7 pPReo)
(zhZ}C,VF
Inventory 7HkO:/
16000 {^]qaQ[5N
12000 RdCGK?s
pb!2G/,.[
Current assets @iz Onc:
60000 *
5'8jC"2g
50000 `bP`.Wm
D*l(p5[
Total assets Q2CGC+
100000 H_xHoCLI
90000 [P2>KQ\
?1Nz
,Lc$
Current liabilities 5ibr1zs
20000 >+O0W)g{o
18000 qq)5)S
+17!v_4^
Total liabilities 6
AO(A
*
30000 Th_@'UDa
25000 5Tn<
,Yag! i>;
qlhc"}5x }
During the audit, John has the following findings: 1P)K@
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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: =!Ik5LiD
Dr. Cash in Bank RMB 5820000 bTs2$81[
Dr. Financial Expenses RMB 180000 (Mc{nFqS
Cr. Notes Receivable RMB 6000000 kNuvJ/St
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: /_{-~0Z=@B
Dr. Non-operating Expenses RMB 3000000 L15)+^4n
Cr. Provisions RMB 3000000 8)>>EN8 R
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 |Iy;_8c
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 3.movkj
Dr. Provisions RMB 3000000 [8u9q.IZ
Cr. Cash in Bank RMB 2500000 CvIuH=,
Cr. Non-operating Income RMB 500000 ("`"?G
Required: 5;`Ot2
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. N8]DzE0%
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Y[*.^l._
(a)Inventory Turnover Rate in 20×8; _'p/8K5)=
(b)Gross Profit Ratio in 20×8; /#9
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(c)After Tax Return on Total Assets in 20×8; and 6 ;'s
9s"
(d)Current Ratio as at December 31, 20×8 gs<~)&x
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. k$=L&id
【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。 _DR@P(0>_
以下是未经审计财务报表的部分信息: :EW1I>}_
(单位:千元) r'noB<|e
项目 20×8 20×7 gj|5"'
g%
营业收入 64 000 48 000 $uLTYu
营业成本 54 000 42 000 %
jDH{xSMb
净利润 30 -20 4(8c L?J`0
p3_
Qx
20×8年12月31日 20×7年12月31日 kTjn%Sn,
存货 16 000 12 000 ]ty$/{hx'
流动资产 60 000 50 000 vhMoCLb
总资产 100 000 90 000 c{^1`(#?
流动负债 20 000 18 000 #x 6/"Y2
总负债 30 000 25 000 &n*ga$Q
在审计过程中,约翰发现以下事项: 6TRLHL~B
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 7a[6@
借:银行存款5 820 000 OX,em Ti
财务费用 180 000 WOPIF~1v
贷:应收票据6 000 000 ",apO
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Pk&=\i<
借:营业外支出 3 000 000 K0>;4E>B
贷:预计负债 3 000 000 r
zdQLan
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 1PVZGZxAgv
借:预计负债 3 000 000 @Ez>?#z
贷:银行存款 2 500 000 x,: k/]
营业外收入 500 000 [XPAI["
要求: X$<pt,}%
(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!4 (a0\$F
(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: !I|_vJ@<
(a)20×8年存货周转率 ; &rxwL
(b)20×8年销售毛利率 =pzTB-G
(c)20×8年总资产净利率
/$93#$
(d)20×8年12月31日的流动比率 UhR^Y{W5
(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) ;nl JD#
【答案】 rHk(@T.]
(1)应选择营业收入作为计算重要性水平的基础。 '7' 73
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 dkC_Sh{
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 i`YZ;L L
销售毛利率=(64000-54000)/64000×100%=15.63% 46M=R-7=
总资产净利率=30/[(100000+90000)/2]=0.03% ke@OG! M /
流动比率=60000/20000=3 ^WU[+H ;
(3) M*'8$|Z
a.应建议做如下审计调整分录: J+CGhk
借:应收票据 6 000 000 3N]ushMO
贷:短期借款 5 820 000 q'fOlq
财务费用 180 000 =ZSYg K
b.应建议做如下审计调整分录: <IU
借:预计负债 3 000 000 (]k Q9}8
贷:营业外支出 500 000 YS4"TOFw
其他应付款 2 500 000 wg_Z@iX