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)。 V
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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: Xu_<4
(Expressed in RMB thousands) }SV3PdE
FINANCLAL STATEMENTS ITEMS `"H?nf0
20×8 ]1&9~TL
20×7 &FrB6y
QRlzGRueR&
Sales [j?<9
64000 '| }}og
48000 ~qS/90,
j1F+,
Cost of sales %jxuH+L
54000 W\,lII0
42000 c2^7"`
$)3PF
Net profit zcKC5vqb
30 17cW8\
-20 .e"Qv*[^
r(i)9RI+(
}BJ1#<
December 31, 20×8 .dCP8|
December 31, 20×7 $ t $f1?
g8+,wSE
Inventory @WHd(ka!
16000 ? sW`**j
12000 V@:=}*E
3}2
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Current assets h
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60000 wWw/1i
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50000 5{q/z^]
l _O~v?
Total assets E ZKz-}
100000 0xUj#)
90000
l :Nxl
0NtsFPO
Current liabilities o'7ju~0L
20000 mzB#O;3=
18000 eH955[fVd4
9'q /&uH
Total liabilities ;lH,bX~5
30000 gVU\^KN]
25000 yl<$yd0Zdu
W<91m*
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During the audit, John has the following findings: R6Mxdm2P}
(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: 1vs>2` DLa
Dr. Cash in Bank RMB 5820000 +Nbk\%
Dr. Financial Expenses RMB 180000 GFdJFQio
Cr. Notes Receivable RMB 6000000 )75yv<L2S,
(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: ev%t5NZ
Dr. Non-operating Expenses RMB 3000000 K4/P(*r`
Cr. Provisions RMB 3000000 ""'eTpe
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ~
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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: = )l: ^+q
Dr. Provisions RMB 3000000 $lAb6e$n
Cr. Cash in Bank RMB 2500000 ;9p5YxD
Cr. Non-operating Income RMB 500000 %4|}&,%%r
Required: PtQ#
(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. 7R<u=U
(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: bOSYr<R&
(a)Inventory Turnover Rate in 20×8; wJos'aTmE
(b)Gross Profit Ratio in 20×8; ym*#ZE`B
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(c)After Tax Return on Total Assets in 20×8; and zHoO?tGf
(d)Current Ratio as at December 31, 20×8 KT;C RO>
(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. aRO_,n9
【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。 *o e0=
以下是未经审计财务报表的部分信息: JNM@Q
(单位:千元) ds$ \vSd
项目 20×8 20×7 <x0uO
营业收入 64 000 48 000 h/0-Mrk;e
营业成本 54 000 42 000 6
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净利润 30 -20 b8{h[YJL2
?^48Zq6wM
20×8年12月31日 20×7年12月31日 a EFe!_QY
存货 16 000 12 000 $Y 4ch ko
流动资产 60 000 50 000 *VC4s`<
总资产 100 000 90 000 3w^J"O/T
流动负债 20 000 18 000 jU4)zN/`r
总负债 30 000 25 000 K
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在审计过程中,约翰发现以下事项: 5lHN8k=mm2
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: !/Bw,y ri<
借:银行存款5 820 000 =M
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财务费用 180 000 MY?O/,6
贷:应收票据6 000 000 8A8xY446)
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 1f@U:<:
借:营业外支出 3 000 000 !: EW21m
贷:预计负债 3 000 000 V>>) 7E:Q
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: kf^-m/
借:预计负债 3 000 000 i^sDh>$J
贷:银行存款 2 500 000 $O~F>.*
营业外收入 500 000 \p3nd!OIG
要求: dW{o+9 nw
(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。 HzG~I8o(d
(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: ndKvJH 4
(a)20×8年存货周转率 Qor{1_h)+9
(b)20×8年销售毛利率 )kL`&+#>
(c)20×8年总资产净利率 %KJhtd"q
(d)20×8年12月31日的流动比率 d)hzi
(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) qtdxMX]iR
【答案】 vA2,&%jw
(1)应选择营业收入作为计算重要性水平的基础。 TM/|K|_
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 jsqUMy-
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 RQ
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销售毛利率=(64000-54000)/64000×100%=15.63% MgH1d&R
总资产净利率=30/[(100000+90000)/2]=0.03% N.5KPAvg%
流动比率=60000/20000=3 XMeL^|D
(3) DX&l
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a.应建议做如下审计调整分录: G%j/eTTf
借:应收票据 6 000 000 eHR&N.2
贷:短期借款 5 820 000 BYr_Lz|T
财务费用 180 000 L.IoGUxD
b.应建议做如下审计调整分录: W>q*.9}Y"
借:预计负债 3 000 000 "5o;z@(
贷:营业外支出 500 000 &e HM#as
其他应付款 2 500 000 ~C/Yv&58