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)。 q]
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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: 6 D~b9e
(Expressed in RMB thousands) KY4|C05,
FINANCLAL STATEMENTS ITEMS #^Sd r-
20×8 )v
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20×7 -Z6ot{%
5=Gq
d4&*
Sales ~} wPiu,
64000 *qKwu?]?>
48000 >Qt#6X|
Ld+}T"Z&M>
Cost of sales 5O*.qp?
54000 D!)'c(b
42000
]km8M^P
52-^HV
Net profit bl}$
x/
30 yfuvU2nVH
-20 \{NeDv{A
QLIm+)T
<7)Vj*VxC
December 31, 20×8 h}+,]^
December 31, 20×7 cWh Aj>?_Q
eFZ`0V0
Inventory d \0K3=h
16000 m}F1sRkdQ
12000 $@Hw DRP
qj/ 66ak
Current assets rmWG9&coW
60000 8+gSn
50000 D~2,0K
vxbO>c
Total assets d![EnkyL;
100000 }t"!I\C
90000 inR8m 4c]P
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Current liabilities T[ky7\
20000 3H4p$\;C
18000 zjVb+Z\n
.}a@OLJd
Total liabilities ;k!Ej-(
30000 a)`h*P5@
25000 ~_^nWT*BV
#4~Ivj
-
FE5sW
During the audit, John has the following findings: Xo]FOJ5
(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: MZ% P(5
Dr. Cash in Bank RMB 5820000 uXK$5"
Dr. Financial Expenses RMB 180000 :/
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Cr. Notes Receivable RMB 6000000 c3K(mM:
(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: yK [~(!c5
Dr. Non-operating Expenses RMB 3000000 U
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Cr. Provisions RMB 3000000 ]lm9D@HMC
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 |urohua
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: t%N#Yh!
Dr. Provisions RMB 3000000 |%b' L.$4
Cr. Cash in Bank RMB 2500000 N
2q'$o
Cr. Non-operating Income RMB 500000 MIi:\m5
Required: s_EiA _
(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. [.3M>,)+-
(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: gqGl>=.m
(a)Inventory Turnover Rate in 20×8; shP,-Vs#
(b)Gross Profit Ratio in 20×8; xr.fZMOh4
(c)After Tax Return on Total Assets in 20×8; and kdgQ -UN$
(d)Current Ratio as at December 31, 20×8 7\5 [lM
(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. >f}rM20Vm
【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。 *3.
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以下是未经审计财务报表的部分信息: 1gCp/m2r7
(单位:千元) gIRFqEz@o
项目 20×8 20×7 :c<C;.
营业收入 64 000 48 000 6VCw>x
营业成本 54 000 42 000 <qv:7@
净利润 30 -20 o2F6K*u}
cBc6*%ZD
20×8年12月31日 20×7年12月31日 'B6D&xn'%&
存货 16 000 12 000 Sh{odrMj*
流动资产 60 000 50 000 B#sc!eLmU&
总资产 100 000 90 000 H:p(C?tk{
流动负债 20 000 18 000 ><^A4s
总负债 30 000 25 000 Rw Y)
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在审计过程中,约翰发现以下事项: ioh_5
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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: -u)06C*39
借:银行存款5 820 000 j3A+:KDn3n
财务费用 180 000 *|hICTWL
贷:应收票据6 000 000 `Mp]iD{
(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: vmW4a3
借:营业外支出 3 000 000 -OVJ]
贷:预计负债 3 000 000 D|_}~T>;&
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: C.(<KV{b
借:预计负债 3 000 000 wk)gxn1A,
贷:银行存款 2 500 000 X @r5^A[9
营业外收入 500 000 D:%$a]_f
要求: H6e^"E
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 I"Y?vj9]
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: P_Po g^
(a)20×8年存货周转率
[o>/2
(b)20×8年销售毛利率 (Tc ~
(c)20×8年总资产净利率 `(Ei-$
>U&
(d)20×8年12月31日的流动比率
W6~<7
(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) P'Rr5Xa
【答案】 "52wa<MVJ
(1)应选择营业收入作为计算重要性水平的基础。 Lf7iOW9U3
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 +ZGOv,l
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ITq+Hk
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销售毛利率=(64000-54000)/64000×100%=15.63% oLB pG1Va
总资产净利率=30/[(100000+90000)/2]=0.03% ZhM-F0;`
流动比率=60000/20000=3 .L6t3/^
(3) ?CM,k0
a.应建议做如下审计调整分录: Tcr&{S&o
借:应收票据 6 000 000 e#&[4 tQF
贷:短期借款 5 820 000 qfN<w&P
财务费用 180 000 9$S2:2(G
b.应建议做如下审计调整分录: ~5]AXi'e~
借:预计负债 3 000 000 @WFjM
贷:营业外支出 500 000 `4Nc(aUr
其他应付款 2 500 000 b\H(Lq17