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)。 {'Nvs_{6
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: Z@&_ T3M
(Expressed in RMB thousands) {55{YDqx
FINANCLAL STATEMENTS ITEMS fI[tU(x
20×8 $s.:wc^
20×7 yCkfAx8]
a*hOT_;#
Sales i`7{q~d=
64000 6FG h=~{3,
48000 OQaM4 7"
T+NEw8C?/
Cost of sales L
q8}z-?
54000 4q[C'
J
42000 r<V]MwO=
'{XDhK
Net profit gbwKT`N*
30 UBuk-tq
-20
xc Wr hg
,e( |,u
Lx,"jA/
December 31, 20×8 hXM8`iFW5
December 31, 20×7 xksQMS2#
('Wo#3b$
Inventory E4[
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16000 VJBVk8P
12000 kt%9PGw
2\l7=9 ]\3
Current assets +mhYr]Z
60000 meu\jg
50000 QE84l
pSkP8'
?
Total assets P482D)
100000 &>0=v
90000 <F+S }!q
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Current liabilities QD]Vfj4+
20000 [Ua4{3#
18000 u$[
'}z0:
^i_mGeu
Total liabilities j]rE0Og
30000 SPOg'
25000 En
8-Hc#NC
X<\^*{
/:>qhRFJA:
During the audit, John has the following findings: VE4!=4
(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: ]8ua>1XS
Dr. Cash in Bank RMB 5820000 cf1Ve\(YGI
Dr. Financial Expenses RMB 180000 $5yS`IqS
Cr. Notes Receivable RMB 6000000 }|H]>U&
(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: ySP1WK
Dr. Non-operating Expenses RMB 3000000 mA(K`"Bfh
Cr. Provisions RMB 3000000 'P32G?1C&p
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;[0<QmeI!
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: | ctGxS9
Dr. Provisions RMB 3000000 |
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Cr. Cash in Bank RMB 2500000 ]kbmbO?M
Cr. Non-operating Income RMB 500000 Namw[TgJ
Required: Un^QNd>
(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. ?;,s=2
(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: )+wBS3BC
(a)Inventory Turnover Rate in 20×8; 7A8jnq7m/
(b)Gross Profit Ratio in 20×8; 6(sqS~D
(c)After Tax Return on Total Assets in 20×8; and mj[PKEdkB
(d)Current Ratio as at December 31, 20×8 1d7oR`qr
(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. c?CwxI_b8
【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。 \ :8~na+(
以下是未经审计财务报表的部分信息: B@HW@j
(单位:千元) `"H!=`
项目 20×8 20×7 Y4){{bEp
营业收入 64 000 48 000 )^
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营业成本 54 000 42 000 N6cf`xye
净利润 30 -20 5(1Zj`>'
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20×8年12月31日 20×7年12月31日 qw&Wfk\}
存货 16 000 12 000 i]Lt8DiRq
流动资产 60 000 50 000 Yb%H9A
总资产 100 000 90 000 ;i^p6b j
流动负债 20 000 18 000 b(_PCVC
总负债 30 000 25 000 @y;N
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在审计过程中,约翰发现以下事项: Fo3[KW)8I
(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: 1 <.I2\^
借:银行存款5 820 000 x6* {@J&5*
财务费用 180 000 <>A:Oi3^
贷:应收票据6 000 000 w}G2m)(
(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: dD1`[%
借:营业外支出 3 000 000 pM@|P,w {
贷:预计负债 3 000 000 Z%D*2wm4
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: =2s5>Oz+
借:预计负债 3 000 000 DOaEz?2)
贷:银行存款 2 500 000 =#&K\
营业外收入 500 000 M-K<w(,X
要求: }5RfY| ;
(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。 k[6@\D-
(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: 5UVQ48aT
(a)20×8年存货周转率 oylY1~~}0K
(b)20×8年销售毛利率 `x lsvK>
(c)20×8年总资产净利率 H;k;%Zg;
(d)20×8年12月31日的流动比率 >>rW-&
(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) 9hHQWv7TgK
【答案】 VjtI1I
(1)应选择营业收入作为计算重要性水平的基础。 @BbZ(cZ*
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 o
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 &9$0v" `H
销售毛利率=(64000-54000)/64000×100%=15.63% d;|e7$F'
总资产净利率=30/[(100000+90000)/2]=0.03% /wK5YN.em
流动比率=60000/20000=3 j2cLb
(3) <^UB@'lCm
a.应建议做如下审计调整分录: TYw0#ZXo
借:应收票据 6 000 000 ;DL|%-%;$r
贷:短期借款 5 820 000 }9R45h}{<
财务费用 180 000 u6'vzLmM
b.应建议做如下审计调整分录: o{4ya jt
借:预计负债 3 000 000 -g]/Ko]2@$
贷:营业外支出 500 000 82&JYx
其他应付款 2 500 000 tv+q~TFB=Z