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)。 $!l2=^\3
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: rjpafGCp
(Expressed in RMB thousands) 5|~r{w)9
FINANCLAL STATEMENTS ITEMS bE`*Uw4
20×8 fN"oa>X
20×7 Dt~}9HrU
4_m
/_Z0x
Sales <zDw&s2
64000 ev: !,}]w
48000
]tdo&
EY
x2IJ
Cost of sales ]}l+ !NV<
54000 9+is?Pj
42000 ?k:])^G5
CN$A-sjZ
Net profit gh #w%g1g
30 I_6` Z 0
-20 j]?0}Z*
iq^L~RW5e
CF}Nom)
December 31, 20×8 @X6#$ex
December 31, 20×7 H+#wj|,+\
u$%#5_k
Inventory ^9*|_\3N
16000 ;~@PYIp
12000 +|"n4iZ!)
;`of'9|
Current assets ^qus `6
60000 nog\,NT
50000 )p^jsv.
pTX'5
Total assets etK,zEd
100000 2-E71-J
90000 B
L5
(z1%lZ}(
Current liabilities ot+~|Dl
20000 rDx],O _
18000 W &wDH
{kRC!}
Total liabilities ^$Io;*N4
30000 9MzkG87J
25000 $}UJs <-F
YlcF-a
F+$@3[Q`N
During the audit, John has the following findings: 'TN{8~Gt*
(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: 8}#Lo9:,d
Dr. Cash in Bank RMB 5820000 7n95>as
Dr. Financial Expenses RMB 180000 S,tVOxs^
Cr. Notes Receivable RMB 6000000 5WJkeG ba
(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: vlN. OQ
Dr. Non-operating Expenses RMB 3000000 Y&Lk4
Cr. Provisions RMB 3000000 u4+uGYr*@
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 -Lf6]5$2'
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: B*iz+"H
Dr. Provisions RMB 3000000 3
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Cr. Cash in Bank RMB 2500000 n`KXJ?t
Cr. Non-operating Income RMB 500000 8(f0|@x^
Required: ?.A/E?Oc
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. z57papo
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: ^$,kTU'=
(a)Inventory Turnover Rate in 20×8; PRlo"kN
(b)Gross Profit Ratio in 20×8; _>m*`:Wb
(c)After Tax Return on Total Assets in 20×8; and /bu<,o
(d)Current Ratio as at December 31, 20×8 +\Mm
(Nd
(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. JiLrwPex[
【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。 ;_\
以下是未经审计财务报表的部分信息: z+D,:!yF
(单位:千元) 2P=~3g*
项目 20×8 20×7 P~ZV:Of
营业收入 64 000 48 000 6:z&ukqE
营业成本 54 000 42 000 7%}3Ghc%
净利润 30 -20 ,$qs9b~
:*+BBC
20×8年12月31日 20×7年12月31日 p33GKg0i+(
存货 16 000 12 000 842+KLS
流动资产 60 000 50 000 l<:E+lU
总资产 100 000 90 000 RF2XJJ
流动负债 20 000 18 000 ,UZE;lXJ'Q
总负债 30 000 25 000 >`|uc
在审计过程中,约翰发现以下事项: wP':B
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(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: 6ch[B`[h,
借:银行存款5 820 000 KdpJ[[Ug/
财务费用 180 000 q<uLBaL_]r
贷:应收票据6 000 000 3M*[a~
(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: `oWjq6
借:营业外支出 3 000 000 nJ})6/gK
贷:预计负债 3 000 000 RWQW/Gwx
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: S|4/C
借:预计负债 3 000 000 ;Hr@0f
贷:银行存款 2 500 000 |M>k &p,B-
营业外收入 500 000 knzED~v@(
要求: HbSx}bM_9
(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[1
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(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: Z_~DTO2Qg
(a)20×8年存货周转率 RX\O'Zwl j
(b)20×8年销售毛利率 ZDmk<}A-U
(c)20×8年总资产净利率 BvR3Oi@Wc
(d)20×8年12月31日的流动比率 1O7ss_E
(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) _-\{kJ
【答案】 (4{9
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(1)应选择营业收入作为计算重要性水平的基础。 4:
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 3 v$4LY
&Q+V I/p
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 j5GZ;d?
销售毛利率=(64000-54000)/64000×100%=15.63% bd*(]S9d
总资产净利率=30/[(100000+90000)/2]=0.03% 8J1.(Mwb?
流动比率=60000/20000=3 '="){
(3) <Pt\)"JA
a.应建议做如下审计调整分录: =I}V PxhE7
借:应收票据 6 000 000 B:.;:AEbT
贷:短期借款 5 820 000 R_&z2I
财务费用 180 000 !I/kz }N@
b.应建议做如下审计调整分录: ?R:Hj=.
借:预计负债 3 000 000 K3D $
hb
贷:营业外支出 500 000 2U{RA's
其他应付款 2 500 000 2`m _"y