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)。 ~[dU%I>L^
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: :zdMV6s
(Expressed in RMB thousands) S.
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FINANCLAL STATEMENTS ITEMS BM!\U 6
20×8 zOD5a=[1
20×7 |E-/b6G
MO&QR-OY
Sales -FV$Sne
64000 2%U)y;$m2
48000 #-dfG.*
6Ae <W7
Cost of sales DKgwi'R
54000 MEMD8:['
42000 a
c"Pn?
q
j9Ptd$Uj
Net profit #7I,.DUy[
30 Yh)
yp?
-20 SO%x=W
y
E-H-r~I
3IQ)%EN
December 31, 20×8 {Ak{
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December 31, 20×7 *c4uCI:0t
yG|^-O}L
Inventory U<{8nMB
16000 Qg;A (\z
12000 __r]@hY
BV,P;T0"D
Current assets </F@5*
60000 sG`|| Kb;n
50000 l
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RFd.L@-]
Total assets uH[d%y/
100000 B2t.;uz(,
90000 qawb9Iud0
D,%R[F?5O
Current liabilities k<RJ
SK8
20000 ON#\W>MK?
18000 `RDlk
',j'Hf
Total liabilities B5h-JON]-
30000 {vYmK#}
25000 &}wrN(?w
HPl!r0 h
Z*S
9pkWcF
During the audit, John has the following findings: 9XWHr/-_@
(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: 6}^0/76^,
Dr. Cash in Bank RMB 5820000 Z&FC:4!!
Dr. Financial Expenses RMB 180000 H?98
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Cr. Notes Receivable RMB 6000000 +;~JHx.~X
(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<o3pX2i]
Dr. Non-operating Expenses RMB 3000000
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Cr. Provisions RMB 3000000 #k2&2W=x
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 S6-)N(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: {o"X8
Dr. Provisions RMB 3000000 Nw ;BhBt
Cr. Cash in Bank RMB 2500000 $O" S*)
9
Cr. Non-operating Income RMB 500000 hNBv|&D#
Required: TxAT ))
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. jqxeON
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 6*,'A|t?y
(a)Inventory Turnover Rate in 20×8; -5,QrMM<
(b)Gross Profit Ratio in 20×8; A5-y+
(c)After Tax Return on Total Assets in 20×8; and /.<%y8v
(d)Current Ratio as at December 31, 20×8 YBn"9w\#
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. bK;I:JK3
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 q !\Ht2$b
以下是未经审计财务报表的部分信息: *0]E4]ZO
(单位:千元) &No6k~T0:b
项目 20×8 20×7 *KNj5>6=
营业收入 64 000 48 000 gX<"-,5jc
营业成本 54 000 42 000
f`'?
2
净利润 30 -20 $3>k/*=
p\I,P2on
20×8年12月31日 20×7年12月31日 58\rl G
存货 16 000 12 000 tiG=KHK%o
流动资产 60 000 50 000 ]-"~?
总资产 100 000 90 000 H_)\:gTG
流动负债 20 000 18 000 P5s'cPX
总负债 30 000 25 000 z=1 J{]
在审计过程中,约翰发现以下事项: 4cJ7W_ >i6
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: USf
pCRj9
借:银行存款5 820 000 ceBu i8a
|
财务费用 180 000 N*z_rZE
贷:应收票据6 000 000 D /ysS$!{
(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: -q1vB8gjj
借:营业外支出 3 000 000 *izPLM}+
贷:预计负债 3 000 000 C9zQ{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: i5wXT
借:预计负债 3 000 000 !4-B
xeNY\
贷:银行存款 2 500 000 W
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营业外收入 500 000 {~NiGHY
要求: ipU,.@~#
(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。 u&Q2/Y
(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: m<L.H33'
(a)20×8年存货周转率 S^nshQI
(b)20×8年销售毛利率 5BKga1
Q
(c)20×8年总资产净利率 eh_{-
(d)20×8年12月31日的流动比率 g4USKJ19.
(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) pN# \
【答案】 ,'[L6
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(1)应选择营业收入作为计算重要性水平的基础。 tDj~+lmdN
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 P 1`X<A
gN#&Ag<?
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 j3{8]D
销售毛利率=(64000-54000)/64000×100%=15.63% q\wT[W31@
总资产净利率=30/[(100000+90000)/2]=0.03% R3+y*<<e
流动比率=60000/20000=3 4AdZN5
(3) 9sYN7x
a.应建议做如下审计调整分录: F
FHk0!3
借:应收票据 6 000 000 uk%C:4T
贷:短期借款 5 820 000 oE:9}]N_
财务费用 180 000 .ko8`J%%M
b.应建议做如下审计调整分录: p6~\U5rXm
借:预计负债 3 000 000 <=WSX{_D
贷:营业外支出 500 000 nXH U|5.I
其他应付款 2 500 000 m(Ghe2T: