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)。 sx6`
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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: 3o6N&bQ b
(Expressed in RMB thousands) UlyX$f%2
FINANCLAL STATEMENTS ITEMS f F?=W
20×8 k+&| *!j
20×7 67d0JQTu
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Sales \OOj]gAe
64000 J6jrtLh
48000 BONM:(1
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Cost of sales Q+S>nL!*#1
54000 @n<WM@|l
42000 @}#$<6|
gCd9"n-e
Net profit i2EB.Zlv
30 ++xEMP)
-20 &}rh+z
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Ucv-}oa-?
December 31, 20×8 ,rQznE
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December 31, 20×7 aVd{XVE
#qHo+M$"
Inventory *2@Ne[dYEF
16000 e%"L79Of6)
12000 C5F}*]E[y
V"gnG](2l
Current assets |FH/Q-7[
60000 X=-pNwO
50000 \3x,)~m
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Total assets }56"4/ Z
100000 Rom|Bqo;
90000 (eHvp
B\9ymhx;g%
Current liabilities G.1pg]P!
20000 a(!:a+9WOP
18000 X#IVjc:&L
v@[MX- ,8
Total liabilities aHS.U^2
30000 (Zx;GS
25000 R|Y)ow51
ACc.&,!IZ
P5kka
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During the audit, John has the following findings: u.R:/H<>~
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: J=5G<
Dr. Cash in Bank RMB 5820000 tvZpm@1
Dr. Financial Expenses RMB 180000 g;Bq#/w
Cr. Notes Receivable RMB 6000000 HX?5O$<<N
(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: %=%jy
Dr. Non-operating Expenses RMB 3000000 [[ HXOPaV
Cr. Provisions RMB 3000000 "C%;9_ig$
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }fUV*U:3
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: -fn["R]
Dr. Provisions RMB 3000000 L9&Z?$6J_p
Cr. Cash in Bank RMB 2500000 IKH#[jW'IB
Cr. Non-operating Income RMB 500000 ~%m-}Sxc
Required: yD(0:g#
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. q#F;GD
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Cj,fP[p#7
(a)Inventory Turnover Rate in 20×8; 1vu=2|QN
(b)Gross Profit Ratio in 20×8; %#Fd0L
(c)After Tax Return on Total Assets in 20×8; and >DpnIWn
(d)Current Ratio as at December 31, 20×8 j'I$F1>Te
(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. {])F%Q_#cD
【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。 3L/>=I{5
以下是未经审计财务报表的部分信息: 8 }nA8 J
(单位:千元) ^3 F[^#"
项目 20×8 20×7 R@u6mMX{N,
营业收入 64 000 48 000 %BC*h}KGH
营业成本 54 000 42 000 pu=Q;E_f[
净利润 30 -20 S2w
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20×8年12月31日 20×7年12月31日 ma?$@]`k
存货 16 000 12 000 [_#9PH33
流动资产 60 000 50 000 U_y)p Cd
总资产 100 000 90 000 8S&`
流动负债 20 000 18 000 n@Y`g{{e~
总负债 30 000 25 000 z{7&= $
在审计过程中,约翰发现以下事项: zH.DyD5T;
(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: |r$Vb$z
借:银行存款5 820 000 ;a[56W
财务费用 180 000 rX)PN3TD
贷:应收票据6 000 000 ]@)X3}"!
(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: y/'2WO[
借:营业外支出 3 000 000 H'P1EZtq
贷:预计负债 3 000 000
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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: ZOi8)Y
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借:预计负债 3 000 000 Ul)2A
贷:银行存款 2 500 000 3#j%F
营业外收入 500 000 X)$3sTj
要求: ,yNPD}@v>
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 RgZBh04q
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: _A;jtS)SY
(a)20×8年存货周转率 Ot`jjZ&
(b)20×8年销售毛利率 @q} .BcSg
(c)20×8年总资产净利率 %F` cNw]
(d)20×8年12月31日的流动比率 JnlM0jc]`
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) t:9}~%~
【答案】 50F6jj
(1)应选择营业收入作为计算重要性水平的基础。 LsS/Sk
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 kVCSFF*
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 cO.U*UTmX
销售毛利率=(64000-54000)/64000×100%=15.63% `_N8AA
总资产净利率=30/[(100000+90000)/2]=0.03% MMN2XxS
流动比率=60000/20000=3 ={o>g'
(3) J$%mG*Y(
a.应建议做如下审计调整分录: n{6XtIoYq
借:应收票据 6 000 000 !;x
贷:短期借款 5 820 000 4/&U
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财务费用 180 000 _>9|"seR
b.应建议做如下审计调整分录:
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借:预计负债 3 000 000 @0; 9.jml,
贷:营业外支出 500 000 8$io^n\i
其他应付款 2 500 000 hc4<`W{