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)。 ( E0be.
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: YL{LdM-xM
(Expressed in RMB thousands) @,s[l1P
FINANCLAL STATEMENTS ITEMS $:<KG&Br
20×8 IPY@9+]
20×7 #nu?b?X'
YxsWY7J
Sales ?5
+=
64000 #PFf`7b,z
48000 yCmiW
%L4
2>UyA.m0
Cost of sales 3|@Ske1%Y
54000 7[8PSoo
42000 ,c7 8O8|
0P!6
.-XU
Net profit JA1(yt
30 k.rZj|7 L
-20 _STN ^
A!hkofQ
W**a\[~$
December 31, 20×8 Qs*g)Yr
December 31, 20×7 pYVQ-r%QF
b^FB[tZ\x
Inventory 8wwD\1pLS
16000 Dmn6{jyP
12000 uZg Kex;c
9r8*'.K`Z
Current assets ^TnBtIU-B
60000 /Wk\6
50000 y<.1+TG
YB~}!F [(
Total assets ,LU/xI0O
100000 $\{@wL
90000 r1xNU0A
g)2}`}
Current liabilities FhS:.
20000 ^P\(IDJCo
18000 ;aWH`^{i
"ifYy>d
Total liabilities E_7N^htv
30000 i,Yv
25000 yw$er?
0Ocy$
591Syyy
During the audit, John has the following findings: 9SXFiZA(r
(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: i4&"-ujrm
Dr. Cash in Bank RMB 5820000 ytKh[Uo
Dr. Financial Expenses RMB 180000 `(.K|l}
Cr. Notes Receivable RMB 6000000 h /@G[5E
(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: =gw'MA
Dr. Non-operating Expenses RMB 3000000 nB WVG
Cr. Provisions RMB 3000000 -]\UFR
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ^ [uA^
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: r|:i: ii
Dr. Provisions RMB 3000000 AK} wSXF
Cr. Cash in Bank RMB 2500000 1c8J
yp
Cr. Non-operating Income RMB 500000 :B6hYx
Required: d
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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. HSE9-c=
(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: LaG./+IP
(a)Inventory Turnover Rate in 20×8; bM;==W
(b)Gross Profit Ratio in 20×8; `rN,*kcP
(c)After Tax Return on Total Assets in 20×8; and R6r'[-B2
(d)Current Ratio as at December 31, 20×8 T'"aStt6
(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. DKx8<yEky
【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。 O=?WI
以下是未经审计财务报表的部分信息: #qtAFIm'
(单位:千元) x$tx!%,)/S
项目 20×8 20×7 4siNY4i"
营业收入 64 000 48 000 -1;BwlL
营业成本 54 000 42 000 {m.l{<H
净利润 30 -20 o['HiX
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20×8年12月31日 20×7年12月31日 [I^>ji0V
存货 16 000 12 000 N0,wT6.
流动资产 60 000 50 000 0,1:l3iu1M
总资产 100 000 90 000 n*D-01vYP
流动负债 20 000 18 000 PbvRh~n
总负债 30 000 25 000 =*
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在审计过程中,约翰发现以下事项: M{<cqxY
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: n,q+EZd
借:银行存款5 820 000 33z)F
财务费用 180 000 ,]+P#eXgE
贷:应收票据6 000 000 ~ODm?k
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录:
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借:营业外支出 3 000 000
\09eH[
贷:预计负债 3 000 000 ^I*</w8
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: F[BJhN*]a
借:预计负债 3 000 000 }OZp[V
贷:银行存款 2 500 000 .'k]]2%ILp
营业外收入 500 000 61L
vT"
要求: Ue^2H[zs-
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 {7.."@Ob<v
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: eKPxSN Z
(a)20×8年存货周转率 sEP-jEuwG
(b)20×8年销售毛利率 CZe0kH^:{
(c)20×8年总资产净利率 kclClB:PS
(d)20×8年12月31日的流动比率 :8\!; !
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) kv{uf$X*ve
【答案】 4wk-f7I(
(1)应选择营业收入作为计算重要性水平的基础。 C8 9c2
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 azF|L"-RP
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 WDQtj$e+
销售毛利率=(64000-54000)/64000×100%=15.63% ,#:* dl
总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 J/X{
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(3) W/q-^Zkt,9
a.应建议做如下审计调整分录: o=@0Bd8
借:应收票据 6 000 000 ywWF+kR_
贷:短期借款 5 820 000 INtt0Cm9"
财务费用 180 000 `B'*ln'r5
b.应建议做如下审计调整分录: |U)m'W-(q
借:预计负债 3 000 000 wTb7 xBI
贷:营业外支出 500 000 H'7AIY}
其他应付款 2 500 000
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