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)。 Dp*$GQ
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: hJ[mf1je=
(Expressed in RMB thousands) \}x'>6zr2
FINANCLAL STATEMENTS ITEMS ]AA%
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20×8 ZutB_uW
20×7 Az< 9hk
V9E6W*IE
Sales ,#bb8+z&p
64000 d$_q=ywc
48000 `<}V
!Lo
jfY{z=*]u
Cost of sales l/ rZcf8z
54000 G4`Ut1g^
42000 +:,`sdv6o
RzzFhU#r
Net profit Y
<Znv%M
30 )jk1S
-20 R@<_Hb;Aeb
3IK(f.
@v~Pwr!
December 31, 20×8 W~u
December 31, 20×7 inB PT~y
m@Ip^]9ry
Inventory E./__Mz
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16000 P YF.#@":&
12000 Aa`MK$29F
{b,2;w}95
Current assets <4Q1 2:
60000 o3F|#op
50000 dm2CA0
c3V]'~
Total assets J`r,_)J"2
100000 j6e}7
90000 F:;!)H*
w*:GM8=6
Current liabilities 7V} ]C>G
20000 "brRME3
18000
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W]O@DS zR
Total liabilities z+k=|RMau
30000 ;v1NL@w*
25000 rv}mD
-SvTg{Q{la
g8I!E$
During the audit, John has the following findings: DikdC5>O>m
(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: (LRM~5KVg
Dr. Cash in Bank RMB 5820000 +5HnZ?E\
Dr. Financial Expenses RMB 180000 n5v '
Cr. Notes Receivable RMB 6000000 zj>aaY
(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: *#1y6^
Dr. Non-operating Expenses RMB 3000000 [7gYd+s
Cr. Provisions RMB 3000000 gMs+?SNHAh
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 2~!R*i
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: FjZc#\^9
Dr. Provisions RMB 3000000 1yBt/U2
Cr. Cash in Bank RMB 2500000 X*!Dc,0.k
Cr. Non-operating Income RMB 500000 }!%JYG^!D
Required: %kh#{*q$
(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. :reP} Da7q
(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: yB,{#nM>8
(a)Inventory Turnover Rate in 20×8; U@6jOZ
(b)Gross Profit Ratio in 20×8; }bf=Ntk
(c)After Tax Return on Total Assets in 20×8; and ](W5.a,-$L
(d)Current Ratio as at December 31, 20×8 oZvA~]x9\
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. N0Efw$u
【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。 r{\BbUnf)
以下是未经审计财务报表的部分信息: N]14
(单位:千元) b!0DH[XKV
项目 20×8 20×7 9u,8q:I.?
营业收入 64 000 48 000 bLgL0}=n
营业成本 54 000 42 000 sM9FE{,mx
净利润 30 -20 #:J:YMv
Wy<[(Pd
20×8年12月31日 20×7年12月31日 :dP~.ZY7
存货 16 000 12 000 mC i[Ps
流动资产 60 000 50 000 A4G,}r *n
总资产 100 000 90 000 "h=6Q+Ze
流动负债 20 000 18 000 Rj[hhSx 2
总负债 30 000 25 000 Hm %g_Mt
在审计过程中,约翰发现以下事项: HH)"]E5
(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: g(aZT#i i=
借:银行存款5 820 000 fb\DiKsW
财务费用 180 000 R?cUy8?'S
贷:应收票据6 000 000 kdp%
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(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: A1^Ga5 B>
借:营业外支出 3 000 000 zfhTc=(/
贷:预计负债 3 000 000 *q0`})IQ
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: <i{K7}':
借:预计负债 3 000 000 q
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贷:银行存款 2 500 000 }N3V5cab
营业外收入 500 000 )^4hQ3BS
要求: CRFCqmevR
(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。 lT]=&m>
(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: pb#mg^8
(a)20×8年存货周转率 57~Uqt
(b)20×8年销售毛利率 ?d$"[lKX
(c)20×8年总资产净利率 #G_F`&
(d)20×8年12月31日的流动比率 !tEe\K\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) gv#4#]
【答案】 ;54(+5pqx
(1)应选择营业收入作为计算重要性水平的基础。 jM~Bu.7 i6
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 St@l]u9
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 79ckLd9
销售毛利率=(64000-54000)/64000×100%=15.63% f/}
总资产净利率=30/[(100000+90000)/2]=0.03% j{"z4Y4
流动比率=60000/20000=3 YOyp|%!
(3) 7JUb Va%
a.应建议做如下审计调整分录:
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借:应收票据 6 000 000 hq#kvvi{f
贷:短期借款 5 820 000 Yd:Q`#7A
财务费用 180 000 Z%}4bJ
b.应建议做如下审计调整分录: &