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)。 yMNLsR~ rh
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: x,Cc$C~YP
(Expressed in RMB thousands) 1@ j>2>i
FINANCLAL STATEMENTS ITEMS |-zwl8E
20×8 :);]E-ch
20×7 ZHshg`I`
X'&$wQ6,K
Sales RT45@
64000 sQA{[l!aj
48000 c#G]3vTdE
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Cost of sales [hg|bpEG
54000 ~PNO|]8j
42000 6[9E^{(z
gKZ{ O
Net profit ;UgRm#
30 k"SmbFn%N0
-20 c4LBlLv4
>5Zpx8W
7[-jr;v
December 31, 20×8 V=|^r?
December 31, 20×7 #^Dc:1,
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Inventory \2<2&=h?
16000 k~Pm.@,3o
12000 cLlfncI
ucj )t7O
Current assets Q:~w;I
60000 lq@Vb{Z
50000 JLAg-
j2
x
0
Total assets e>t9\vN#bx
100000 bE>3D#V<
90000 L\og`L)5\
uz4mHyS6
Current liabilities {I 7pk6Qd
20000 dITnPb)i
18000 +29;T0>a
6\,^MI
Total liabilities >B~jPU
30000 x=B+F
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25000 =X X_Cnn
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During the audit, John has the following findings: +>qBK}`
(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:
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Dr. Cash in Bank RMB 5820000 oz5o=gt7
Dr. Financial Expenses RMB 180000 UKK}$B
Cr. Notes Receivable RMB 6000000 -e(2?Xq9
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: w#mnGD
Dr. Non-operating Expenses RMB 3000000 (&MSP
Cr. Provisions RMB 3000000 l3MbCBX2
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 z% /ww
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ;D8Nya>%
Dr. Provisions RMB 3000000 M]` Q4\
Cr. Cash in Bank RMB 2500000 xN"KSQpu
Cr. Non-operating Income RMB 500000 N/?MsrZw
Required: )Qxv9:X
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. Y)u}+Yg
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ($
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(a)Inventory Turnover Rate in 20×8; L)nVNY@Mc
(b)Gross Profit Ratio in 20×8; UuT[UB=x5
(c)After Tax Return on Total Assets in 20×8; and IVNNiNN*5
(d)Current Ratio as at December 31, 20×8 )Elr8XLw
(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. Rg[e~##
【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。 Bh' vr3|
以下是未经审计财务报表的部分信息: deTb
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(单位:千元) S,(@Q~
项目 20×8 20×7 "(efd~.]
营业收入 64 000 48 000 qk,cp},2K
营业成本 54 000 42 000 ,O~2
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净利润 30 -20 Mqh~ 5NM
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20×8年12月31日 20×7年12月31日 _Mt:^H}Sy
存货 16 000 12 000 h5F'eur
流动资产 60 000 50 000 *VlYl"
总资产 100 000 90 000 e4)gF*
流动负债 20 000 18 000 w|nVK9.
总负债 30 000 25 000 @J<B^_+Se
在审计过程中,约翰发现以下事项: Na~_=3+a
(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: fA,+qs
借:银行存款5 820 000 FY|x<-f
财务费用 180 000 a+~o: 5
贷:应收票据6 000 000 2mlE;.}8
(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: #P9VX5Tg
借:营业外支出 3 000 000 I(<G;ft<}
贷:预计负债 3 000 000 *i?qOv/=>
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: \~)573'
借:预计负债 3 000 000 &vF "I'V
贷:银行存款 2 500 000 BkZ%0rw%
营业外收入 500 000 Mc}x]j`f
要求: Uqpvj90sw
(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。 4a @iR2e
(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: :9h8q"T
(a)20×8年存货周转率 &"kx(B
(b)20×8年销售毛利率 o7T|w~F~R
(c)20×8年总资产净利率 <C>i~<`d
(d)20×8年12月31日的流动比率 ?0(B;[xEJ
(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) ibuI/VDF
【答案】 =5|5j!i=q
(1)应选择营业收入作为计算重要性水平的基础。 7}x-(
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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。 ]s -6GT
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ;p_X7N
销售毛利率=(64000-54000)/64000×100%=15.63% *"CvB{XF&Z
总资产净利率=30/[(100000+90000)/2]=0.03% zc1Zuco|
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流动比率=60000/20000=3 YQ)m?=+J
(3)
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a.应建议做如下审计调整分录: $"FdS,*qKl
借:应收票据 6 000 000 H\k5B_3OU
贷:短期借款 5 820 000 &rd(q'Vi
财务费用 180 000 *@&
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b.应建议做如下审计调整分录: ^"l$p,P+
借:预计负债 3 000 000 lX4p'R-h
贷:营业外支出 500 000 -&EmEXs%
其他应付款 2 500 000 %pp+V1FH