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)。 4l`"P~=
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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: kPg
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(Expressed in RMB thousands) nK;
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FINANCLAL STATEMENTS ITEMS BaUcmF2Q
20×8 !pG_MO
20×7 <zh N7="
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Sales Qg' {RAV8
64000 j1U,X
48000 *mTx0sQz(J
+4*jO5EZ
Cost of sales yttIA/
54000 Aq:1
42000 yJGM"$
( zL(
Net profit *='J>z.]
30 1T@#gE["Ic
-20 TSHQ>kP
cop \o4ia
u AmDXqJ3
December 31, 20×8 tj=l!
December 31, 20×7 sGs_w:Hn
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Inventory A9L
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16000 7lYiu fg
12000 I#U"DwM
XlGDv*d:#d
Current assets SWrP0Qjc
60000 "[t (u/e
50000 z),@YJU"z
iR(jCD?) Y
Total assets pwG" _|h
100000 QKt[Kte
90000 c mI&R(
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Current liabilities `rLy7\@;
20000 N);2 2-
18000 N(@B3%H2/J
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Total liabilities Q5~
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30000 [~#]p9|L
25000 wz{]CQ 7"
krI@N}OU
a8wQ,
During the audit, John has the following findings: @0{vA\
(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: \Q m1+tg
Dr. Cash in Bank RMB 5820000 <+\
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Dr. Financial Expenses RMB 180000 Td"_To@jd
Cr. Notes Receivable RMB 6000000 0M_~@E*&
(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:
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Dr. Non-operating Expenses RMB 3000000 _2N7E#m" S
Cr. Provisions RMB 3000000 y>YQx\mK
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 mOQN$d [
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: >/5'0n_R
Dr. Provisions RMB 3000000 Nxd<#p
Cr. Cash in Bank RMB 2500000 :G\X
Cr. Non-operating Income RMB 500000 O h{>xg
Required: 'l7ey3B%
(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. 8+yCP_Y4
(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: aUTXg60l*
(a)Inventory Turnover Rate in 20×8; DN%b!K:
(b)Gross Profit Ratio in 20×8; -mur`tC
(c)After Tax Return on Total Assets in 20×8; and mufJ@Y S#
(d)Current Ratio as at December 31, 20×8 )W1tBi
(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. ,/uVq G
【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。 n
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以下是未经审计财务报表的部分信息: MJDW-KL-
(单位:千元) .Fe_Z)i>h
项目 20×8 20×7 xh) h#p.
营业收入 64 000 48 000 Y"dUxv1Ap
营业成本 54 000 42 000 8,DY0PGP
净利润 30 -20 e!hy,O{Pw
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20×8年12月31日 20×7年12月31日 f+xhS,iDR
存货 16 000 12 000 oZCjci-
流动资产 60 000 50 000 Z;qgB7-M
总资产 100 000 90 000 Y;dQLZCC
流动负债 20 000 18 000 zHu w[
总负债 30 000 25 000 M?QK4Zxb6U
在审计过程中,约翰发现以下事项: =(cfo_B@K
(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: 4
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借:银行存款5 820 000 -D&d1`N4
财务费用 180 000 ];63QJU
贷:应收票据6 000 000 E-?@9!2
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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: pHKGK7 S-
借:营业外支出 3 000 000 D]StDOmM
贷:预计负债 3 000 000 VTIRkC
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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: )ld`2)
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借:预计负债 3 000 000 T_NN.Ol
贷:银行存款 2 500 000 31)eDs
营业外收入 500 000 p1`")$
要求: jM'(Qa
(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。 )r|Pm-:A{
(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: vZJu=t
(a)20×8年存货周转率 :)g}x&A^$
(b)20×8年销售毛利率 N*NGC!p`N
(c)20×8年总资产净利率 ! a!^'2
(d)20×8年12月31日的流动比率 f~-qjEWm
(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) 2Cgq&\wS
【答案】 ul!e!^qwx
(1)应选择营业收入作为计算重要性水平的基础。 U6K!FOND
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 U3OXO1
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 z5q(
销售毛利率=(64000-54000)/64000×100%=15.63% u|EHe"V"
总资产净利率=30/[(100000+90000)/2]=0.03% 7S.E,\Tws
流动比率=60000/20000=3 \F5d
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(3) Jnl#d0)
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a.应建议做如下审计调整分录: x4^*YZc$,
借:应收票据 6 000 000 FwaYp\z
贷:短期借款 5 820 000 ^"!)p2=
财务费用 180 000 ^w6~?'}
b.应建议做如下审计调整分录: >m'n#=yap
借:预计负债 3 000 000 j3&tXZ;F
贷:营业外支出 500 000 !'f.g|a
其他应付款 2 500 000 uz'MUT(68