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)。 Z_ FL=S\
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: -uY:2
(Expressed in RMB thousands) QIxJFr;>
FINANCLAL STATEMENTS ITEMS ?@uK s4
20×8 '| Q*~Lh
20×7 -|iA!w#31
G^eFS;
Sales i|! 9o:
64000 8"I5v(TV
48000 nr9#3Lb
o dQ&0d
Cost of sales 9!/1F !
54000 Ss#{K;
42000 %X-&yGY
Fn0LE~O}-8
Net profit V%KW
[v<G<
30 LW8{a&
-20 kjYO0!C
#__'U6
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December 31, 20×8 #Ew
eG^!#
December 31, 20×7 'rx,f
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Inventory UC2OYZb
16000 t6>Qe
12000 ^V;lZtZ
0$dNrq
Current assets [g
68O*
60000 |k9j )Hg(
50000
C(Gb
cLk+( dn
Total assets lSsFI30
100000 n7YWc5:CaL
90000 :usBeho
MM)/B>c Qt
Current liabilities T{J`t*Ym
20000 Ku\#Wj|YrP
18000 :zy'hu;
HC, 0"W
Total liabilities k |aOUW
30000 ?fX8WRdh
25000 G Z[5m[
-bX.4+U
S{|)9EKw
During the audit, John has the following findings: H
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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: OL+40 J
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 ?d`+vHK]>
Cr. Notes Receivable RMB 6000000 /M
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(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: #)eJz1~
Dr. Non-operating Expenses RMB 3000000 0'2{[xF
Cr. Provisions RMB 3000000 >knR>96
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 $GKm`I"
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: }^bL'
Dr. Provisions RMB 3000000 *LQY6=H
Cr. Cash in Bank RMB 2500000 |>V>6%>vK6
Cr. Non-operating Income RMB 500000 49kia!FR
Required: f9bz:_;W_
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ?)<XuMh
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ^\9G{}VY
(a)Inventory Turnover Rate in 20×8; vF\zZ<R/
(b)Gross Profit Ratio in 20×8; ?{Z0g+B1
(c)After Tax Return on Total Assets in 20×8; and 1:Gd{z
(d)Current Ratio as at December 31, 20×8 S;<?nz3
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. e-av@a3
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Hjkgy%N
以下是未经审计财务报表的部分信息: KPcuGJ
(单位:千元) W {/z-&
项目 20×8 20×7 [gY__
营业收入 64 000 48 000 7VBw@Rh
营业成本 54 000 42 000 Qz$Dv@*y\
净利润 30 -20 < tq9
!`U<RlK7
20×8年12月31日 20×7年12月31日 \r9%;?f
存货 16 000 12 000 2^lT!X@
流动资产 60 000 50 000 =5eDT~=2{U
总资产 100 000 90 000 }&hgedx
流动负债 20 000 18 000 (6^k;j
总负债 30 000 25 000 7C
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在审计过程中,约翰发现以下事项: Ox'.sq4
(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: N!~NQ-Re'
借:银行存款5 820 000 bj^
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财务费用 180 000 LP_F"?4
贷:应收票据6 000 000 X'4
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(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%
9F
借:营业外支出 3 000 000 8H b|'Q|^
贷:预计负债 3 000 000 a][Z;g
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: 0)4
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借:预计负债 3 000 000 3]'z8i({7Y
贷:银行存款 2 500 000 )5OU!c
营业外收入 500 000 I]$d,N!.
要求: <}1%">RA
(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。 ]}l!L;
(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: Z.(x|Q9
(a)20×8年存货周转率 3%a37/|
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(b)20×8年销售毛利率 Zi)8KO[/0
(c)20×8年总资产净利率 FI5C&d5d
(d)20×8年12月31日的流动比率 {`zF{AW8q
(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) ~` hcgCi%
【答案】 JwczE9~o
(1)应选择营业收入作为计算重要性水平的基础。 "c*|vE
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 YTh4&wm
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ijYLf.R<
销售毛利率=(64000-54000)/64000×100%=15.63% I\23as0q
总资产净利率=30/[(100000+90000)/2]=0.03% ^w\uOd`
流动比率=60000/20000=3 SLo/7
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(3) ?O?~|nI
a.应建议做如下审计调整分录: !m2k0|9
借:应收票据 6 000 000 R<Tzt'z
贷:短期借款 5 820 000 ]f~YeOB@
财务费用 180 000 N
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b.应建议做如下审计调整分录: w}b+vh^3Wy
借:预计负债 3 000 000 {`Z)'G\`
贷:营业外支出 500 000 M(jH"u&f
其他应付款 2 500 000 jwox?] f+