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)。 G h[`q7B
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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: Z<|_+7T
(Expressed in RMB thousands) j-`X_8W
FINANCLAL STATEMENTS ITEMS tG2OVRx8u
20×8 \btR^;_\A
20×7 JV]u(PL
"R2t&X[9
Sales ca/o#9:N`:
64000 hQ}7Z&O
48000 b?]ly(
'*N9"C
Cost of sales EhIV(q9x
54000 u2-@?yt
42000 S`@6c$y k
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Net profit CI!Eq&D,
30 v=.z|QD^1
-20 }x?H ~QQT
w~$c= JO#
y^!E "
December 31, 20×8 ?VZ11?
u
December 31, 20×7 XnE
%$NJ
-4?xwz9o$7
Inventory B]|6`UfB
16000 7O+Ij9+{n
12000 k~1
j/VHv
P('t6MVlT
Current assets (lN
;xT`=
60000 Foe>}6~{?
50000 P^8^1-b
nrTv=*tDj
Total assets WXLe,7y
100000 3"'# |6O9
90000 ntj`+7mw
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Current liabilities >lraYMc<rZ
20000 ;V(H7
ZM
18000 -v;n"Zy1
Gpdv]SON{
Total liabilities [;?"R-V"z
30000 Bn~\HW\Lh
25000 7`blGzP_
S9HBr
R%b*EBZ
During the audit, John has the following findings: selP=Q!
(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: "YG\
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 7_Ba3+9jpa
Cr. Notes Receivable RMB 6000000 1
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(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: v)@,:u)
Dr. Non-operating Expenses RMB 3000000 r"{Is?yKe
Cr. Provisions RMB 3000000 :cc[Jco@w
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 1m
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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: mb0n}I_AC
Dr. Provisions RMB 3000000 G;(onJz
Cr. Cash in Bank RMB 2500000 "_K}rI6(t
Cr. Non-operating Income RMB 500000 /x
Required: 8W~
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(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. ]urK$
(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: 81g9ZV(4
(a)Inventory Turnover Rate in 20×8; l60ikc4$I
(b)Gross Profit Ratio in 20×8; owE<7TGPI?
(c)After Tax Return on Total Assets in 20×8; and |x &Z~y
(d)Current Ratio as at December 31, 20×8 }FPM-M3y
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. w$gSj/
【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。 C
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以下是未经审计财务报表的部分信息: JAc@S20v\
(单位:千元) "_ LkZBW.
项目 20×8 20×7 %6AYCN?Ih
营业收入 64 000 48 000 OuB2 x=B
营业成本 54 000 42 000 ( "_Q
净利润 30 -20 fd4;mc1T
RK?jtb=&A
20×8年12月31日 20×7年12月31日 qE>i,|rP`
存货 16 000 12 000
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流动资产 60 000 50 000 3PfiQ|/b
总资产 100 000 90 000 VR"u*
流动负债 20 000 18 000 c
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总负债 30 000 25 000 G9\EZ\x!
在审计过程中,约翰发现以下事项: F?7u~b|@{
(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: y k?SD1hj
借:银行存款5 820 000 csYy7uzi
财务费用 180 000 YVo ao#!
贷:应收票据6 000 000 vx'l>@]k
(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: _zdNLwE[
借:营业外支出 3 000 000 MzcB3pi
贷:预计负债 3 000 000 /x$}D=(CZ
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: M9gOoYf,~
借:预计负债 3 000 000 'r~8
贷:银行存款 2 500 000 ]de\i=?|
营业外收入 500 000 SGt5~Txj
要求: R0{Qy*YQ`
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Fav?,Q,n
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: v' C@jsxM
(a)20×8年存货周转率 > 84e`aGE
(b)20×8年销售毛利率 Qe_+r(3)k
(c)20×8年总资产净利率 f6Ml[!aU
(d)20×8年12月31日的流动比率 }@wVW))6$
(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) h{I`7X
【答案】 i&JpM]N
(1)应选择营业收入作为计算重要性水平的基础。 jDkm:X}:
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 C ck#Y
销售毛利率=(64000-54000)/64000×100%=15.63% 1DUb
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总资产净利率=30/[(100000+90000)/2]=0.03% }"hW b(
流动比率=60000/20000=3 xpAok]
(3) M;qBDT~)
a.应建议做如下审计调整分录: \Dfm(R
借:应收票据 6 000 000 WVOoHH
贷:短期借款 5 820 000 sdrWOq
财务费用 180 000 rkq#7
b.应建议做如下审计调整分录: "e@n:N!
借:预计负债 3 000 000 K U$`!h
贷:营业外支出 500 000 :<H8'4>
其他应付款 2 500 000 L"^OdpOs