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)。 W
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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: <Gi%+I@szl
(Expressed in RMB thousands) =FrB{Eu
FINANCLAL STATEMENTS ITEMS G{3|d/;Bt
20×8 V0=%$tH
20×7 t$18h2yOL
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Sales |QDoi[
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64000 y|2
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48000 q(6.VU@
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Cost of sales _^r};}-}
54000 Lwr's'ao.
42000 x9"Cm;H%
j#1G?MF
Net profit "XR=P>
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30 u4C9ZYN
-20 >u?.gJm ~
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December 31, 20×8 kAQ(8xV
December 31, 20×7 L"qJZU
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Inventory Y~WdN<g
16000 0O9b
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12000 P:"R;YCvE
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Current assets <+_XGOt0<
60000 nm-
50000 j
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Total assets EtKq.<SJ
100000 _MBhwNBxZ
90000 9D T<
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Current liabilities C/e.BXA
20000 f#0HiE!
18000 g2vm]j
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Total liabilities 3iCe5VF
30000 D&G6
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25000 i]v3CY|3AI
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During the audit, John has the following findings: T$5wH )<
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: g8<ODU0[g
Dr. Cash in Bank RMB 5820000 qGk.7wf%
Dr. Financial Expenses RMB 180000 ZnEgU}g<2
Cr. Notes Receivable RMB 6000000 V<QpC5
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: :_8K8Sa
Dr. Non-operating Expenses RMB 3000000 &C9IR,&
Cr. Provisions RMB 3000000 xMJ-=
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 +
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: #a e@VedM
Dr. Provisions RMB 3000000 J,=K1>8s
Cr. Cash in Bank RMB 2500000 ZISIW!
Cr. Non-operating Income RMB 500000 p<mL%3s0
Required: \p4*Q}t
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. *k{Llq
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: OrkcY39"~a
(a)Inventory Turnover Rate in 20×8; %xkuW]xk
(b)Gross Profit Ratio in 20×8; T3wTMbZ!VK
(c)After Tax Return on Total Assets in 20×8; and ^E70$yB^
(d)Current Ratio as at December 31, 20×8 MhMiSsZ
(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. 8<VDp Y
【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{#p'.nc5
以下是未经审计财务报表的部分信息: w
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(单位:千元) y\FQt];z)
项目 20×8 20×7 )s!A\a`vEd
营业收入 64 000 48 000 .I`>F/Sjr
营业成本 54 000 42 000 8W&1"h`
净利润 30 -20 iC#a+G*N_M
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20×8年12月31日 20×7年12月31日 ]46h!@~aC
存货 16 000 12 000 T9yI%;D
流动资产 60 000 50 000 {sw|bLo|+
总资产 100 000 90 000 6tH}K
流动负债 20 000 18 000 lQIg0G/3
总负债 30 000 25 000 V^s, 3C
在审计过程中,约翰发现以下事项: )z7CT|h7S
(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: fbApE
借:银行存款5 820 000 y" =?l
财务费用 180 000 ?p{-Yp*h
贷:应收票据6 000 000 G#7*O`
(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: ]3v)3Wp
借:营业外支出 3 000 000 AROHe
贷:预计负债 3 000 000 nAP*w6m0j
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: zZ[kU1Fyv
借:预计负债 3 000 000 W?
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贷:银行存款 2 500 000 ]9QXQH
营业外收入 500 000 T!x/^
要求: upMs yLp(
(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。 a!o%x
(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: \n}%RD-Ce
(a)20×8年存货周转率 jZ~girA
(b)20×8年销售毛利率 nAQ[
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(c)20×8年总资产净利率 94!}
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(d)20×8年12月31日的流动比率 Jq^[^
(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) Ic3a\FTr\
【答案】 y>C
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(1)应选择营业收入作为计算重要性水平的基础。 gbdzS6XW~
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 BsA4/Bf
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ~=yU%5 s@
销售毛利率=(64000-54000)/64000×100%=15.63% YMo8C(
总资产净利率=30/[(100000+90000)/2]=0.03% =sWK;`
流动比率=60000/20000=3 s(X\7Hz_nC
(3) FO>?>tK 0
a.应建议做如下审计调整分录: @kSfF[4H
借:应收票据 6 000 000 +=W(c8~P
贷:短期借款 5 820 000 remc_}`w
财务费用 180 000 ?<J~SF Tt
b.应建议做如下审计调整分录: 2 4od74\
借:预计负债 3 000 000 !~zn*Hm
贷:营业外支出 500 000 %|4Kak]:Q
其他应付款 2 500 000 Lum=5zDo