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)。 .=rv,PWjZ
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: -'JTVfm.
(Expressed in RMB thousands) +%X_+9bd
FINANCLAL STATEMENTS ITEMS k@5#^G
20×8 mc|T}B
20×7 vX)6N#D!
wxsJB2
Sales jd l1Q<Z
64000 /V~L:0
%
48000 Xn"n5=M
Ol9U^
Cost of sales y4,2Xs9,
54000 cGkl=-oQ'
42000 CB_(9T72H
L;nRI.
Net profit
3`TC*
30 JwB:NqB
-20 g}Hk4+
5h1!E
sxgR;gf6
December 31, 20×8 nen6!bw4
December 31, 20×7 KU-z;}9s
Y@KZ:0<
Inventory %%c0UaV
16000 #i ?@S$
12000 9/}i6j8Z
PZNo.0M70
Current assets =t@m:
60000 WeuV+}\b
50000 h |=^@F_\`
T_Z@uZom.
Total assets Sx;zvc
100000 z(.$>O&6H
90000 au"HIyi?k
X$/3
Current liabilities s%GiM
20000 n#z^uq|v
18000 H!F'I)1
;zs*Zd7h M
Total liabilities P(X#w
30000 gK(E0p"
25000 lUUq|Qr
6i.'S5.
UgJlXB|a%2
During the audit, John has the following findings: mI9h| n
(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: &M>S$+I
n
Dr. Cash in Bank RMB 5820000 &@dMk4BH<
Dr. Financial Expenses RMB 180000 enG6T
Cr. Notes Receivable RMB 6000000 bcM#KA
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: FVY,CeA.
Dr. Non-operating Expenses RMB 3000000 *!Am6\+
Cr. Provisions RMB 3000000 |\QR9>
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 + W@r p#
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: &tWWb`
Dr. Provisions RMB 3000000 LvWU
%?
Cr. Cash in Bank RMB 2500000 u:HKmP;
Cr. Non-operating Income RMB 500000 07(E/A]
Required: #> CN,eiZ
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. LWVO%@)w
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: q/;mxq$
(a)Inventory Turnover Rate in 20×8; &51/Pm2O
(b)Gross Profit Ratio in 20×8; 7e8hnTzl8<
(c)After Tax Return on Total Assets in 20×8; and ykM#EyN
(d)Current Ratio as at December 31, 20×8 S
BFhC
(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. v~jN,f*
【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。 7]nPWz1%*
以下是未经审计财务报表的部分信息: M<ad>M
(单位:千元) 2CmeO&(Qf*
项目 20×8 20×7 FblGFm"P
营业收入 64 000 48 000 uXhp+q
\
营业成本 54 000 42 000 6:B5PJq
净利润 30 -20 HhqqJEp0
#m$H'O[WG\
20×8年12月31日 20×7年12月31日 d\)v62
P
存货 16 000 12 000 aNqVs|H
流动资产 60 000 50 000 c'G\AbUVjE
总资产 100 000 90 000 ise@,[!
流动负债 20 000 18 000 ..~{cU4Tt
总负债 30 000 25 000 _I8-0DnOM
在审计过程中,约翰发现以下事项: dHp6G^Y
(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: |HG%o
3E]
借:银行存款5 820 000 W2<X 5'
财务费用 180 000 _Jp_TvP>
贷:应收票据6 000 000 I7uYsjh@u
(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: 3/ [=
借:营业外支出 3 000 000 ;JZ
XSM-3
贷:预计负债 3 000 000 wZC'BLD
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: >^ Y9p~
借:预计负债 3 000 000 JQtH},Tr
贷:银行存款 2 500 000 plf<O5'
营业外收入 500 000 VtKN{sSnu
要求: <;XJ::d
(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。 >N,G@{FR
(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: t%TZu>(1O
(a)20×8年存货周转率 TgUQD(d^
(b)20×8年销售毛利率 NNfCJ|
(c)20×8年总资产净利率 bkM$ Qo
(d)20×8年12月31日的流动比率 mi-\PD>X
(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) G`
8j ^H,
【答案】 m_Rgv.gE^
(1)应选择营业收入作为计算重要性水平的基础。 q@\_q!
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/:5bvA
[-CG&l2?L
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 [%@zH
销售毛利率=(64000-54000)/64000×100%=15.63% b9YpUm7#
总资产净利率=30/[(100000+90000)/2]=0.03%
}Sh-4:-D
流动比率=60000/20000=3 T2->
(3) >ciq4H43Q|
a.应建议做如下审计调整分录: aQG#bh [
借:应收票据 6 000 000 t/$xzsoJZr
贷:短期借款 5 820 000 C{ti>'"V
财务费用 180 000 oby*.61?5l
b.应建议做如下审计调整分录: ~"wD4Ue
借:预计负债 3 000 000 Q?tV:jogY
贷:营业外支出 500 000 p']AXJ`Z
其他应付款 2 500 000 =;`YtOL