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)。 :qzg?\(
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: g4?2'G5m?
(Expressed in RMB thousands) mF7Ak&So^
FINANCLAL STATEMENTS ITEMS CoN[Yf3\
20×8 -cgO]q+Oq
20×7 ~1G^IZ6
s QDgNJbU
Sales 8lyIL^
64000 EGu%;[
48000 THrLX;I
BQu
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Cost of sales xT*'p&ap
54000 !:(+#
42000 hRkCB
)V1XL
Net profit #xIg(nG
30 j7I=2xnTWu
-20 <8r"QJY/
]c(FgYc
ni;_Un~
December 31, 20×8 6N/(cUXJ
December 31, 20×7 ]7
HR
U6$
nrEI0E9
Inventory 15:9JVH3D
16000 mGT('iTM4
12000 6)INr,d
&;PxDlY5
Current assets j<A
OC?
60000 LU3pCM{
50000 DV5hTw0
8hGyh#
Total assets bZowc {!\
100000 yF)o_OA[uR
90000 ~
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VU3RFl
Current liabilities T3w%y`K
20000 K+3-XhG
18000 .f~9IAXP`
h+km? j
Total liabilities |<W$
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30000 (5T>`7g8
25000 VG5+
u,U6>
!6/UwPs
@c~Z0+Ji
During the audit, John has the following findings: hh;kBv07o
(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: 2Kxb(q"
Dr. Cash in Bank RMB 5820000 SioeIXU
Dr. Financial Expenses RMB 180000 Nd(,oXa~
Cr. Notes Receivable RMB 6000000 Tm%5:/<8
(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: prJd'
Dr. Non-operating Expenses RMB 3000000 gM96RY
Cr. Provisions RMB 3000000 Q 3WD!Z8y
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 j0l{M
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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: J""Cgf
Dr. Provisions RMB 3000000 C:Ef6ZW
Cr. Cash in Bank RMB 2500000 M;A_'h?Z
Cr. Non-operating Income RMB 500000 C[FHqo9M?H
Required: dL42)HP5
(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. >.<VD7p
(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: _zj^k$ j
(a)Inventory Turnover Rate in 20×8; QqM[W/&R
(b)Gross Profit Ratio in 20×8; d1~#@6CIz
(c)After Tax Return on Total Assets in 20×8; and GcO2oq
(d)Current Ratio as at December 31, 20×8 1AJ6NBC&c
(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. !vz'zy)7
【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。 ^G4YvS(
以下是未经审计财务报表的部分信息: eWH0zswG
(单位:千元) '
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项目 20×8 20×7 7?dWAUF
营业收入 64 000 48 000 MlV(XG>'
营业成本 54 000 42 000 -2.7Z`*(
净利润 30 -20 D]~K-[V?l
poz_=,c
20×8年12月31日 20×7年12月31日 ,{*g
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存货 16 000 12 000 X,Ql6uO
流动资产 60 000 50 000 "uH>S+%|b
总资产 100 000 90 000 ')xOL=w
流动负债 20 000 18 000 q1ysT.{p,
总负债 30 000 25 000 bQ*yXJ^8
在审计过程中,约翰发现以下事项: n/9afIN
(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: R ]Ev=V'U
借:银行存款5 820 000 a_N7X
财务费用 180 000 eRUdPPq_d
贷:应收票据6 000 000 0)&!$@HW
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: fD!c t; UK
借:营业外支出 3 000 000 .fWy\r0
贷:预计负债 3 000 000 ) .KA0-
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: /pMOinuO
借:预计负债 3 000 000 B.N#9u-vW
贷:银行存款 2 500 000 )+
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营业外收入 500 000 w$
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要求: o\8?CNm1(
(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。 Vb,VN?l
(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: 'lIs`Zc5N
(a)20×8年存货周转率 ~kW?]/$h
(b)20×8年销售毛利率 v ,")XPY
(c)20×8年总资产净利率 .SC*! ,
(d)20×8年12月31日的流动比率 =j>xu|q
(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) 56AC%_ g>
【答案】 <rzP
(1)应选择营业收入作为计算重要性水平的基础。 TpU\IQ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 mCO1,?
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 0F[f%2j
销售毛利率=(64000-54000)/64000×100%=15.63% ]p! {
总资产净利率=30/[(100000+90000)/2]=0.03% 4*EMd!E=<
流动比率=60000/20000=3 }40T'y
(3) 3d}v?q78
a.应建议做如下审计调整分录: $zP5Hzx
借:应收票据 6 000 000 5FOMh"!z\
贷:短期借款 5 820 000 2cCiHEL #
财务费用 180 000 `n&:\Ib
b.应建议做如下审计调整分录: ~0MpB~ {xd
借:预计负债 3 000 000 UA<Fxt
贷:营业外支出 500 000 kmC@\xTp
其他应付款 2 500 000 KF(H
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