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)。 Au{J/G<W@
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: \2y[Hy?
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS *~jTE;J
20×8 K\^S>dV
20×7 j4]y(AA
o Yrg;]H
Sales /NFm6AA]
64000 Kr@6m80E5
48000 Pb
l#ieZM
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Cost of sales ")eY{C
54000 h%>yErs
42000 o9c?)KQ
6[&x7"
Net profit $VUX?ii$7=
30 !4(QeV-=
-20 A $W~R
D Ax1
nm]m!.$d
December 31, 20×8 &O^t]7
December 31, 20×7 Ew*SA
9qX)FB@'i;
Inventory \MB$ Cwc
16000
CsiRM8
12000 rE9Nt9
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N<T@GQwkS
Current assets Z6IWQo,)Rh
60000 7&vDx=W
50000 b VcA#7
uA
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Total assets k83S.*9Mx
100000 zx;~sUR;
90000 ^D A<=C-[!
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Current liabilities U*7x81v?j
20000 O*ER3
18000 -Rbv#Y
EfGy^`,'G
Total liabilities z^\-x9vL
30000 CX#d9
8\b
25000 +PKd
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<j:@ iP
gvoYyO#cm
During the audit, John has the following findings: p'\zL:3
(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: F
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Dr. Cash in Bank RMB 5820000 1EA#c>I$
Dr. Financial Expenses RMB 180000 r>B|JPm
Cr. Notes Receivable RMB 6000000 ~ ;ObT=
(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: 8QQh1q2
Dr. Non-operating Expenses RMB 3000000 /-Z}=
Cr. Provisions RMB 3000000 V{n7KhN~Y!
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Cm;M;
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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: =TJ9Gr/R&:
Dr. Provisions RMB 3000000 @z>DJ>htN
Cr. Cash in Bank RMB 2500000 1\-r5e; BE
Cr. Non-operating Income RMB 500000 j?1wP6/NP
Required: 1G)I|v9R
(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. zV8{|-2]No
(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: 2BV]@]qB
(a)Inventory Turnover Rate in 20×8; 2ae"Sd!-2
(b)Gross Profit Ratio in 20×8; #|=Q5"wU
(c)After Tax Return on Total Assets in 20×8; and .Ky)Co
(d)Current Ratio as at December 31, 20×8 "w3%BbI x
(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. DqHJ *x4
【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。 &1ZUMc
以下是未经审计财务报表的部分信息: F(|XJN
(单位:千元) 6o4Y]C2W{1
项目 20×8 20×7 <."KejXg-
营业收入 64 000 48 000 HYl~)O>
营业成本 54 000 42 000 vH/RP
净利润 30 -20 !wTrWD!
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20×8年12月31日 20×7年12月31日 8^sh@j2L
存货 16 000 12 000 P|t2%:_
流动资产 60 000 50 000 fGoJP[ae
总资产 100 000 90 000 5&qBG@Hw]
流动负债 20 000 18 000 Z?u}?-b1\H
总负债 30 000 25 000 7MQh,J!"
在审计过程中,约翰发现以下事项: {@hJPK8
(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: /h8100
借:银行存款5 820 000 b>Ea_3T/
财务费用 180 000 Hb0_QT~
贷:应收票据6 000 000 1)!2D?w
(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: `R!Q(rePx
借:营业外支出 3 000 000 /}9)ZYMx
贷:预计负债 3 000 000 v[V7$.%5Q
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: TG%w
借:预计负债 3 000 000 #n]K$k>
贷:银行存款 2 500 000 AkCy
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营业外收入 500 000 wHh6y? g\
要求: `\GRY @cg
(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。 6q^\pJY%&7
(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: 5+yy:#J]
(a)20×8年存货周转率 g'cVsO)S
(b)20×8年销售毛利率 RK=Pm7L:`y
(c)20×8年总资产净利率 =\G`g#
(d)20×8年12月31日的流动比率 2#/23(Wc
(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) I51I(QF=
【答案】 LXaq
(1)应选择营业收入作为计算重要性水平的基础。 F}=_"
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ?TJ4L/"(k6
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ubRhJ~XB
销售毛利率=(64000-54000)/64000×100%=15.63% EP^qj j@M
总资产净利率=30/[(100000+90000)/2]=0.03% \
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流动比率=60000/20000=3 d"L(eI}G
(3) +;4;~>Y
a.应建议做如下审计调整分录: &hrMpD6z6i
借:应收票据 6 000 000 W]XM<# ^^
贷:短期借款 5 820 000 >@Pw{Zh$
财务费用 180 000 T}/|nOu
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b.应建议做如下审计调整分录: U({N'y=
借:预计负债 3 000 000 {Qc,Nl
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贷:营业外支出 500 000 ZMLN
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其他应付款 2 500 000 w 62m}5eA