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)。 C7fi
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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: i+T0}M<
(Expressed in RMB thousands) ([4{n
FINANCLAL STATEMENTS ITEMS CpP$HrQ
20×8 ]>S$R&a
20×7 8'g*}[
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Sales e)
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64000 zvQ^f@lq2
48000 d@q t%r3;
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Cost of sales MR l*rK
54000 Ik@Q@ T"
42000 NGb!7Mu9
!tFU9Zt
Net profit 4{;8 ]/.a
30 (>Q9jNW
-20 'mY,>#sT
C}DG'z9
qzU2H
December 31, 20×8 J?,!1V=
December 31, 20×7 nF!_q;+Vp
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Inventory xx`8>2T#e
16000 WY.\<$7
12000 {dSU
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y8(?:#ZC
Current assets ;HLMU36q
60000 X-2S*L'
50000 h+'eFAZ
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Total assets C_khd"
100000 +/_B/[e<>
90000 /o06h y
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Current liabilities Iz$W3#hi
20000 cI4qgV
18000 RT+30Q?
KlX |PQ
Total liabilities F*jjcUk
30000 kk\zZC
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25000 0f#a_
Z?!:=x>7m
G>
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During the audit, John has the following findings: Er+3S@sfq,
(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: OXCml(>{
Dr. Cash in Bank RMB 5820000 fM[fS?W
Dr. Financial Expenses RMB 180000 Qc
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Cr. Notes Receivable RMB 6000000 02c.;ka3
(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: e!x-:F#4j
Dr. Non-operating Expenses RMB 3000000 2Q_{2(nQb
Cr. Provisions RMB 3000000 MKhL^c-
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 CH_Dat>
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: )+{omQ7v
Dr. Provisions RMB 3000000 U@t?jTMBkO
Cr. Cash in Bank RMB 2500000 wbF1>{/"
Cr. Non-operating Income RMB 500000 n YMf[kW
Required: 'N,NG$G2
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. f+88R=-u6S
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: '*{Rn
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(a)Inventory Turnover Rate in 20×8; 0~L8yMM
(b)Gross Profit Ratio in 20×8; 9C'+~<l
(c)After Tax Return on Total Assets in 20×8; and {aa,#B]i
(d)Current Ratio as at December 31, 20×8 VS@W.0/
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. SVEA
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 lJQl$Wx^
以下是未经审计财务报表的部分信息: mbG^fy'
(单位:千元) v&/-&(+
项目 20×8 20×7 ](6vG$\
营业收入 64 000 48 000 WMRgf~TY=2
营业成本 54 000 42 000 j
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净利润 30 -20
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20×8年12月31日 20×7年12月31日 )^@V*$D
存货 16 000 12 000 M
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流动资产 60 000 50 000 D'hr\C^
总资产 100 000 90 000 KdQ|$t
流动负债 20 000 18 000 (V%vFD1)
总负债 30 000 25 000 %1d6j<7
在审计过程中,约翰发现以下事项: ~ilBw:L-3
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录:
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借:银行存款5 820 000 .B-,GD}
财务费用 180 000 XlcDF|?{.
贷:应收票据6 000 000 8i$`oMv[y
(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: b0Cao
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借:营业外支出 3 000 000 .8xacVyK2
贷:预计负债 3 000 000 }@
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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: E6\~/=X=%
借:预计负债 3 000 000 X1QZEl
贷:银行存款 2 500 000 cx%9UK*c
营业外收入 500 000 Gkvd{G?F
要求: y/*Tvb #TJ
(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。 6D]G*gwk[
(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: a_MnQ@
(a)20×8年存货周转率 BQmafpp`
(b)20×8年销售毛利率 |y=F (6Z
(c)20×8年总资产净利率 Jy
NY *
(d)20×8年12月31日的流动比率 `fh_8%m]*
(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) EF{'J8AQ
【答案】 1ORi
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(1)应选择营业收入作为计算重要性水平的基础。 *G"#.YvE
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 rSCX$ @@F
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 gx
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销售毛利率=(64000-54000)/64000×100%=15.63% Fd.d(
总资产净利率=30/[(100000+90000)/2]=0.03% T}x%=4<E
流动比率=60000/20000=3 7n]%`
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(3) e[o
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a.应建议做如下审计调整分录: C8zeqS^N
借:应收票据 6 000 000 &!fcL Jd
贷:短期借款 5 820 000 Gl:T
财务费用 180 000 Gf.o{
b.应建议做如下审计调整分录: q)y8Bv|
借:预计负债 3 000 000 JNCtsfd
贷:营业外支出 500 000 V!tBipX%
其他应付款 2 500 000 X,CFY