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)。 /;4MexgB%
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: wDO5Zew!
(Expressed in RMB thousands) !
cb#fl
FINANCLAL STATEMENTS ITEMS J7GsNFL
20×8 { 9 ".o,
20×7 f>dkT'4
CiI:
uU
Sales dLf8w>i`T
64000 V+24- QWh
48000 9C;Y5E~'L
zfb _ )
Cost of sales \NU[DHrMP
54000 !h!9SE
42000
YZRB4T9
P@YL.'KU)
Net profit Jt6J'MOq
30 ~C/KA6H
-20 F5+_p@!i
sRQh~5kM
.4> s2
December 31, 20×8 1fv~r@6s
December 31, 20×7 su
FOc
n-3j$x1Ne
Inventory Uob |Q=MQ
16000 NCnId}BT
12000 +[/47uFbI
2?iOB
6
Current assets Ok~{@\
60000 rJZs
5g`
50000 ;-pvc<_c<
"jO3Y/>S
Total assets { $/Fk6qr
100000 7&V^BW
90000 4>VZk^%b#
~e77w\Q0
Current liabilities Sn2Ds)Pfx3
20000 5`'=Ko,N
18000 NcBe|qxQ
?vn 0%e868
Total liabilities eD{ @0&
30000 gkML .u
25000 KV}U{s+U8
`.(S#!gw
eH%L?"J~:
During the audit, John has the following findings: lzs(i2pA
(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: 8@yc}~8 *
Dr. Cash in Bank RMB 5820000 cJ##K/es
Dr. Financial Expenses RMB 180000 &rztC]jF
Cr. Notes Receivable RMB 6000000 }&T<wm!
(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: N~;
khS]
Dr. Non-operating Expenses RMB 3000000 &U$8zn~[k
Cr. Provisions RMB 3000000 h2"|tTm,a
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 M1]6lg[si
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: OZ!$%.?l
Dr. Provisions RMB 3000000 cbCE
$
Cr. Cash in Bank RMB 2500000 E)Qh]:<2v
Cr. Non-operating Income RMB 500000 b^,Mw8KsO
Required: BQ9`DYI b
(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. (Ef2
w['
(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: ?3,64[
(a)Inventory Turnover Rate in 20×8; \W`} L
(b)Gross Profit Ratio in 20×8; R^yZG{?t
(c)After Tax Return on Total Assets in 20×8; and y|;8 :b32
(d)Current Ratio as at December 31, 20×8 AqbT{,3yW
(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. 37O#aJ,K
【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。 OKZam ik~
以下是未经审计财务报表的部分信息: vbA7I<;
(单位:千元) /
}XsuH
项目 20×8 20×7 `}9 1S
营业收入 64 000 48 000 ()C^ta_]
营业成本 54 000 42 000 A_jB|<bjTP
净利润 30 -20 ?$J7%I@
}.MoDR3\
20×8年12月31日 20×7年12月31日 O:,2OMB}B`
存货 16 000 12 000 h76NR
流动资产 60 000 50 000 RZd4(7H=q
总资产 100 000 90 000 85%Pq:E
流动负债 20 000 18 000 NT;x1
总负债 30 000 25 000
]~\SR0
在审计过程中,约翰发现以下事项: iVKbGgA
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: "zedbJ0
借:银行存款5 820 000 (Gi+7GMV'
财务费用 180 000 <RoX| zJw
贷:应收票据6 000 000 W"-EC`nP
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 53`9^|:
借:营业外支出 3 000 000 9*=@/1
贷:预计负债 3 000 000 mI7rx`4H
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: Fp5NRM*-!
借:预计负债 3 000 000 vfJ3idvo*w
贷:银行存款 2 500 000 kj{rk^x
营业外收入 500 000 !$p2z_n$@.
要求: #FqFH>-*2
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 &ppE
|[{
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: K=m9H=IX~T
(a)20×8年存货周转率 CRc!|?
(b)20×8年销售毛利率 JA?,0S
(c)20×8年总资产净利率 D%jD8 p
(d)20×8年12月31日的流动比率 Bbl)3$`,
(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) Y( 1L>4
【答案】 Et}C`vZ+Ve
(1)应选择营业收入作为计算重要性水平的基础。 ,5eH2W
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 /$FXg;h9$
ZL-uwI!`D
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 <+?
Y
销售毛利率=(64000-54000)/64000×100%=15.63% %A)-m 69
总资产净利率=30/[(100000+90000)/2]=0.03% ?AV&@EX2C
流动比率=60000/20000=3 jh 7p62R
(3) O1x0[sy
a.应建议做如下审计调整分录: $[M}K
借:应收票据 6 000 000 e;A^.\SP
贷:短期借款 5 820 000 t$]&,ucW#
财务费用 180 000 9UeVvH
b.应建议做如下审计调整分录: =2RhPD
借:预计负债 3 000 000 1u"R=D9p,=
贷:营业外支出 500 000 8!u/
其他应付款 2 500 000 JCw{ ?^F"