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)。 iTvCkb48m
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: /Rz,2jfRx'
(Expressed in RMB thousands) 8UcT?Zp
FINANCLAL STATEMENTS ITEMS 1GdgF?
4
20×8 7L6M#B[)e5
20×7 9|m L
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Sales LN^8U
64000 lq5E?B
48000 <coCu0
pp`U]Q5"gX
Cost of sales "F}Ip&]hAG
54000 A%O#S<sa
42000 iy"Kg]
N-|Jj?c
Net profit ]>o2P cb;
30 jYF3u0
)
-20 d!:SoZ
u\wd<<I']
3"n8B6
December 31, 20×8 #*/h*GNMs
December 31, 20×7 2Qj)@&zKe#
ZB%~>
Inventory k#&SWp=
16000 MO/N*4U2
12000 CQ[-Cp7
Zv\b`Cf}
Current assets Y5CE#&
60000 H%N+Vr3O,
50000 K=)R!e8
U*TN/6Qy.
Total assets buXG32;
100000 F! e`i-xt
90000 Y ckbc6F
cFvx*n
Current liabilities +GS=zNw#
20000 Se`N5hQ
18000 .
6dT5x8u
-c@ 5qe>
Total liabilities m5X=P5U
30000 B vc=gW
25000 E}=NZqOB!
B_2>Yt"
sD+G+
During the audit, John has the following findings: Z(M)2
(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: eHe /w9`$R
Dr. Cash in Bank RMB 5820000 BkfBFUDQ
Dr. Financial Expenses RMB 180000 T7~v40jn|
Cr. Notes Receivable RMB 6000000 bicL%I2h
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: [#Vr)\n
Dr. Non-operating Expenses RMB 3000000 n #I}!x>2
Cr. Provisions RMB 3000000
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 6DW
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: G{~p.?f:
Dr. Provisions RMB 3000000 iGk{8Da<
Cr. Cash in Bank RMB 2500000 QB,a
d
Cr. Non-operating Income RMB 500000 2*YXm>
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Required: Q{hOn]"
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. vKC&Qi ;
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ie5ijkxZ(
(a)Inventory Turnover Rate in 20×8; =_J<thp
(b)Gross Profit Ratio in 20×8; @F^L4 N':
(c)After Tax Return on Total Assets in 20×8; and i%8&g2
(d)Current Ratio as at December 31, 20×8 1I_q3 {
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. h_yR$H&tX
【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。 T+h
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以下是未经审计财务报表的部分信息: !\O,dq
(单位:千元) >L`mF_WG
项目 20×8 20×7 nV*sdSt
营业收入 64 000 48 000 .G~5F- 8'
营业成本 54 000 42 000 2z# @:Q
净利润 30 -20 L.[uMuUa
RsfTUb)<
20×8年12月31日 20×7年12月31日 -yGm^EwP
存货 16 000 12 000 Qm x~_
流动资产 60 000 50 000 !!%nl_I(
总资产 100 000 90 000 '|N4fb
Zd
流动负债 20 000 18 000 k.[) R@0%
总负债 30 000 25 000 <9tG_
在审计过程中,约翰发现以下事项: t~K!["g
(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: #@s~V<rW
借:银行存款5 820 000 1>x@1Mo+K
财务费用 180 000 an[~%vxw}
贷:应收票据6 000 000 uN3J)@;_
(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: =w$"wzc
借:营业外支出 3 000 000 TcmZ0L^O
贷:预计负债 3 000 000 ]u ~Fn2
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: aB6LAb2z;T
借:预计负债 3 000 000 *"{Z?< 3
贷:银行存款 2 500 000 aEdJ ri
营业外收入 500 000 To%*)a
要求: w!w _`7[
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Nw&}qSN
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: FXEfD"
(a)20×8年存货周转率 hcc-J)=m
(b)20×8年销售毛利率 :wmf{c
(c)20×8年总资产净利率 i=H>D
(d)20×8年12月31日的流动比率 Le:mMd= G
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ixHZX<6zYT
【答案】 2X
c
(1)应选择营业收入作为计算重要性水平的基础。 cYy@
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 D)7$M]d%
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 1\{U<Oli
销售毛利率=(64000-54000)/64000×100%=15.63% `Mp7})
总资产净利率=30/[(100000+90000)/2]=0.03% KXA)i5z
流动比率=60000/20000=3
C|;Mhe'r=
(3) IBNQmV
RrI
a.应建议做如下审计调整分录: 2$W,R/CLh
借:应收票据 6 000 000 yxWMatZ2
贷:短期借款 5 820 000 l%U_iqL&
财务费用 180 000 gIM'bA<~
b.应建议做如下审计调整分录: lF"(|n"R
借:预计负债 3 000 000 G$|;~'E
贷:营业外支出 500 000 xXxh3 k\
其他应付款 2 500 000 4FE@s0M,