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)。 O>kXysM v>
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: #xD&z^o
(Expressed in RMB thousands) [+Yl;3&]
FINANCLAL STATEMENTS ITEMS 8-W"4)@b
20×8 y_;
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20×7 5n-9#J$
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Sales ?nj"Ptzs
64000 jcT{ugpq
48000 w i![0IE )
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Cost of sales yd{Y}.
54000 3W%f#d$`
42000 f]{1ZU%4
..v@Q%
Net profit g!~-^_F
30 }
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-20 .`i'gPLkn2
YMd&To 0s
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December 31, 20×8 d;*OO xQV
December 31, 20×7 QYODmeu
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Inventory ?[a7l:3-[
16000 G
"c&C
12000 _#y(w%
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Current assets "^e}
C@
60000 N{0+C?{_
50000 S|O%h}AH;
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Total assets %M4XbSN|
100000 >b/k|?xP
90000 ~jgN_jz
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Current liabilities v#T?YK
20000 DKaG?Y,*p
18000 GA%"w=M\
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Total liabilities &+|jJ{93z
30000 2<\yky
25000 F|h,a;2
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During the audit, John has the following findings: f
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows:
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Dr. Cash in Bank RMB 5820000 "'&>g4F`o
Dr. Financial Expenses RMB 180000 `gBXeG2fn
Cr. Notes Receivable RMB 6000000 ;OT#V,}r
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows:
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Dr. Non-operating Expenses RMB 3000000 Aspj*CDu
Cr. Provisions RMB 3000000 t2!$IHE:
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Np5/lPb1
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: nf+"vr}1
Dr. Provisions RMB 3000000 )U/@J+{{
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 X,C/x)
Required: }.Na{]<gh
(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. 1,*Z_ F=y
(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: >uqS
(a)Inventory Turnover Rate in 20×8; Jte:l:yjtA
(b)Gross Profit Ratio in 20×8; EnsNO_"e|
(c)After Tax Return on Total Assets in 20×8; and 4BUK5)B
(d)Current Ratio as at December 31, 20×8 JE8p
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(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. GmEJ,%A
【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。 =^%Pwkz
以下是未经审计财务报表的部分信息: %+j]vP
(单位:千元) h#6 jUQ
项目 20×8 20×7 (<:rKp
营业收入 64 000 48 000 c?3F9w#
营业成本 54 000 42 000 VE S4x%r=
净利润 30 -20 H(*=9
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20×8年12月31日 20×7年12月31日 |WwFE|<
存货 16 000 12 000 j8ohzX[
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流动资产 60 000 50 000 8d*<Aki?;
总资产 100 000 90 000 ?#{2?%_
流动负债 20 000 18 000 l2KxZteXY0
总负债 30 000 25 000 ?T%K +
在审计过程中,约翰发现以下事项: =[tls^
(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-CfQ0
8
借:银行存款5 820 000 %q\P 'cK
财务费用 180 000 1SJHX1CxX
贷:应收票据6 000 000 ~"4 vd 3
(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: 9 %.<V_$
借:营业外支出 3 000 000 (qc!-Isd~[
贷:预计负债 3 000 000 5 xzB1n8
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: 6O|\4c;
借:预计负债 3 000 000 5l7L@Ey
贷:银行存款 2 500 000 =~2 Uv>YG
营业外收入 500 000 77bZ
要求: xYkgNXGs5
(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。 `b'|FKc]
(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: Le$u$ulS
(a)20×8年存货周转率 576-X_a,
(b)20×8年销售毛利率 B,na
(c)20×8年总资产净利率 "ih>T^|
(d)20×8年12月31日的流动比率 fylA0{
(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) $8yGY
【答案】 zZjLt1
(1)应选择营业收入作为计算重要性水平的基础。 F8r455_W"
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 #o |&MV_j
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 V;+$/>J`vB
销售毛利率=(64000-54000)/64000×100%=15.63% %K f. F
总资产净利率=30/[(100000+90000)/2]=0.03% FSZoT!
流动比率=60000/20000=3 j
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(3) %Fm;LQa ]
a.应建议做如下审计调整分录: ZK_@.O+ ]
借:应收票据 6 000 000 GWE0 UO}
贷:短期借款 5 820 000 DP'Dg /D
财务费用 180 000 3[O =2
b.应建议做如下审计调整分录: Pge }xKT
借:预计负债 3 000 000 9QQ@Y}
贷:营业外支出 500 000 5Yibv6:3a
其他应付款 2 500 000 YH+\rb_