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)。 ZmDM=qN
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: 2~l +2..
(Expressed in RMB thousands) tIT/
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FINANCLAL STATEMENTS ITEMS Z*+y?5+L"P
20×8 &`IJ55Z-)
20×7
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Sales _fdD4-2U
64000 6j Rewj
48000 H]}mg='kI
e>m+@4*sn
Cost of sales T/PmT:Qg`
54000 Iqci}G%r
42000 Nwo*tb:
kX2Z@
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Net profit h0
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30 = q(?ALGc
-20 +NJIi@
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December 31, 20×8 G{!(2D 4!
December 31, 20×7 CXBFR>"
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Inventory &Oc
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16000 zE Ly1v\"
12000 &]tm'N25
nvCp-Z$
Current assets *a^wYWa
60000 ?[|A sw1t
50000 |l-O e
kC ALJRf~d
Total assets g~2=he\C
100000 XmaRg{22
90000 v
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Current liabilities d)3jkHYEjj
20000 RG=i74a
18000 di(H-=9G62
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Total liabilities F|G v
30000 ILx4[m7
25000 4M!wm]n/%5
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$M/`
AV4fN@BX
During the audit, John has the following findings: b%KcS&-6
(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: Z^BZH/I?
Dr. Cash in Bank RMB 5820000 ?,]eN&`
Dr. Financial Expenses RMB 180000 HRyhq;C
Cr. Notes Receivable RMB 6000000 oVr:
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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: ^oYRBEIJH
Dr. Non-operating Expenses RMB 3000000 /x)i}M)
Cr. Provisions RMB 3000000 K"[\)&WBG
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 F-F1^$]k
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: P+y XC^ ,
Dr. Provisions RMB 3000000 s)?GscPG!
Cr. Cash in Bank RMB 2500000 })`z6d]3
Cr. Non-operating Income RMB 500000 4 aE{}jp1
Required: Nobu=
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. *8+HQ[[#
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: !xBJJ/K+|
(a)Inventory Turnover Rate in 20×8; 5i}g$yjZ<
(b)Gross Profit Ratio in 20×8; 0_AIKJrL
(c)After Tax Return on Total Assets in 20×8; and _#Lq~02 %
(d)Current Ratio as at December 31, 20×8 $=X>5B
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. LqO=wK~
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 t&p I
以下是未经审计财务报表的部分信息: Vc6
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(单位:千元) ei>iXDt
项目 20×8 20×7 NcHU)
营业收入 64 000 48 000 A^$xE6t
营业成本 54 000 42 000 ll[&O4.F
净利润 30 -20 H DD)AM&p
mfF `K2R
20×8年12月31日 20×7年12月31日 ;" D~F
存货 16 000 12 000 7SN61)[m
流动资产 60 000 50 000 [c -|`d^
总资产 100 000 90 000 BR-wL3x
b
流动负债 20 000 18 000 L7n G5i
总负债 30 000 25 000 ?`xm_udc
在审计过程中,约翰发现以下事项: y(/5l
(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: {2QP6X sJ
借:银行存款5 820 000 .LDp.#d9r1
财务费用 180 000 BP l% SL
贷:应收票据6 000 000 H |7XfM
(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: *YX5bpR?
借:营业外支出 3 000 000 a\~118 !
贷:预计负债 3 000 000 miTff[hsMa
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: j6};K ~N`
借:预计负债 3 000 000 z,hBtq:-$
贷:银行存款 2 500 000 DUH DFG
营业外收入 500 000 KX3A|
要求: s|:1z"q
(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。 Q, "8Ty
(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: s"J)Jc
(a)20×8年存货周转率 $pKegK;'z
(b)20×8年销售毛利率 )Z|G6H`c3
(c)20×8年总资产净利率 *z#du*f[
(d)20×8年12月31日的流动比率 QC!SgV
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) h@'CmIZc
【答案】 RnU7|p{
(1)应选择营业收入作为计算重要性水平的基础。 y"ss<`Cn
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ?Z4%u8Krvz
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 )y Zr]
销售毛利率=(64000-54000)/64000×100%=15.63% K3UN#G)U
总资产净利率=30/[(100000+90000)/2]=0.03% e
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流动比率=60000/20000=3 w (z=xO
(3) #,#:{&H
a.应建议做如下审计调整分录: ms!|a_H7r
借:应收票据 6 000 000 `S5::U6E
贷:短期借款 5 820 000 wr=KAsH<
财务费用 180 000 wf1p/bpf
b.应建议做如下审计调整分录: ,Vo[mB
借:预计负债 3 000 000 CEBG9[|
贷:营业外支出 500 000 Yh;(puhyA
其他应付款 2 500 000 NQ;$V:s)