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)。 ev~
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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: Ll008.#
(Expressed in RMB thousands) 5oV
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FINANCLAL STATEMENTS ITEMS RpBiE8F4
20×8 @WhZx*1
20×7 Ly#h|)
i}.{m Et
Sales ST[2]
64000 O<}ep)mr
48000 17J} uXA
3$GY,B
Cost of sales *LY~l
54000 LEYWH%y
42000 &p/S>qKu#
yd7lcb
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Net profit v_y!Oh?EG
30 Mfnlue](
-20 )2iM<-uB
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y0/WA4,
December 31, 20×8 L9E;Uii0
December 31, 20×7 0_YxZS\
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Inventory <C7M";54-
16000 b:N^Fe
12000 w8eG;
tebWj>+1c
Current assets u Y?/B~
60000 .8u$z`j
50000 -ET*M<
/#S4espE
Total assets nz,Mqol
100000 vjexx_fq
90000 [@,OG-"&
\zk?$'d
Current liabilities 'hwV
20000 k #1`
18000 F/Rng'l
-/(DPx
Total liabilities v#Cz&j
30000 0EL\Hd
25000 ,!o\),N
(lyt"Ty
mF6@Y[/B
During the audit, John has the following findings: 21[K[ %
(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: !Z<mrr;T@
Dr. Cash in Bank RMB 5820000 5}.,"Fbr
Dr. Financial Expenses RMB 180000 (cOND/S
Cr. Notes Receivable RMB 6000000 uE,i-g0$Id
(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: ^ l]]qdNr
Dr. Non-operating Expenses RMB 3000000 c,v^A+sZu
Cr. Provisions RMB 3000000 J~_L4*Jw
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 R-r+=x&
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: %Y)PH-z
Dr. Provisions RMB 3000000 _H~pH7WU
Cr. Cash in Bank RMB 2500000 J8sJ~FnUj
Cr. Non-operating Income RMB 500000 Wo:zU
Required: SY!`a:It
(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. {
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(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: E5,%J
(a)Inventory Turnover Rate in 20×8; aGq_hP
(b)Gross Profit Ratio in 20×8; 8Pr&F
(c)After Tax Return on Total Assets in 20×8; and n9<roH
(d)Current Ratio as at December 31, 20×8 tJ?qcT?
(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. ,XWay%8{E
【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。 U~u6}s]:
以下是未经审计财务报表的部分信息: ZYwBw:y}y
(单位:千元) *6 z'+
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项目 20×8 20×7 w%i+>\tO
营业收入 64 000 48 000 u%+6Mp[E
营业成本 54 000 42 000 (uuEjM$3%
净利润 30 -20 Nt`F0
9S
5t"bCzp
20×8年12月31日 20×7年12月31日 ugIm:bg&
存货 16 000 12 000
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流动资产 60 000 50 000 rQd1Ch
总资产 100 000 90 000 N3XVT{yo
流动负债 20 000 18 000 U<ku_(2"#
总负债 30 000 25 000 x*loACee.
在审计过程中,约翰发现以下事项: K^z5x#Yj
(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: }AMYU>YE
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借:银行存款5 820 000 dK0}% ]i3#
财务费用 180 000 !^Z[z[
贷:应收票据6 000 000 /I`cS%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: M(.uu`B
借:营业外支出 3 000 000 u):%5F/
贷:预计负债 3 000 000 {a+Fx}W
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: `'G),{ j
借:预计负债 3 000 000 |!4BWt
贷:银行存款 2 500 000 A:8FJ 3'
营业外收入 500 000 SHXa{-
要求: VV0EgfJ
(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。 mR"2
(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: F- !}dzO
(a)20×8年存货周转率 uJ|5Ve
(b)20×8年销售毛利率 >0g`U
(c)20×8年总资产净利率 .v
#0cQX+.
(d)20×8年12月31日的流动比率 #GDh/t2@
(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) k$$S!qi#
【答案】 . T6_N
(1)应选择营业收入作为计算重要性水平的基础。 Azq#}Oe)u
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ((
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 &P,4EaC9;
销售毛利率=(64000-54000)/64000×100%=15.63% +s+PnZ%0V
总资产净利率=30/[(100000+90000)/2]=0.03% Pq{YZMr
流动比率=60000/20000=3 w{YtTZp3
(3) Sg_-OX@f
a.应建议做如下审计调整分录: K*HVn2OV
借:应收票据 6 000 000 n7`.<*:
贷:短期借款 5 820 000 6S! lD=
财务费用 180 000 O9qKwn;q(
b.应建议做如下审计调整分录: Q?Bjq>
借:预计负债 3 000 000 z/P^-N>
贷:营业外支出 500 000 (zM+7tJH
其他应付款 2 500 000 #RLch