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)。 9u^za!pE
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: 9;
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(Expressed in RMB thousands) Cs]\3R|D`
FINANCLAL STATEMENTS ITEMS ME*zMLoF+
20×8 WYvcN8F
20×7 ktY
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Sales Nc EPPl0I
64000 rJ4A9d3:
48000 $*fEgU% c
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Cost of sales pcQzvLk
54000 YFcMU5_F
42000 8N<2RT8W
ZV/g_i#
Net profit Rs]Y/9F;{
30 w V v@
-20 >.g
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December 31, 20×8 Y>i
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December 31, 20×7 ){J ,Z*&
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Inventory ~c,+)69"T
16000 /u'V>=D;f
12000 #FGj)pu
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Current assets 5'rP-z~
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60000 (Kkqyrb
50000 od/Q"5t[p
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Total assets jJkc vC8d
100000 +o6
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90000 I~M@v59C
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Current liabilities Gd2t^tc
20000 Coe%R(x5
18000 t] G hONN
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Total liabilities p^QppM94
30000 >
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25000 Qv;^nj{\qV
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During the audit, John has the following findings: /:w.Zf>B9
(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: sc# q03
Dr. Cash in Bank RMB 5820000 $0~_)$i:
Dr. Financial Expenses RMB 180000 8Vm)jnM
Cr. Notes Receivable RMB 6000000 I|P#|0< 2
(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: y=e|W=<D&
Dr. Non-operating Expenses RMB 3000000 U'xmn$O
Cr. Provisions RMB 3000000 uWr vkLGN
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Z&Z=24q_
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: jW.IkG[
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Dr. Provisions RMB 3000000 &Y8S! W@4
Cr. Cash in Bank RMB 2500000 $@ZrGT
Cr. Non-operating Income RMB 500000 4q`e<!MP)q
Required: KZsJ_t++!W
(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. D"s
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(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: \yo)oIi[p
(a)Inventory Turnover Rate in 20×8; $-BM`Zt0;
(b)Gross Profit Ratio in 20×8; ,uhOf! |
(c)After Tax Return on Total Assets in 20×8; and -*
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(d)Current Ratio as at December 31, 20×8 .5YW>P V
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. +Ft@S(IE
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 |D[4G6&
以下是未经审计财务报表的部分信息: tq8rG@-C
(单位:千元) `^CIOCK%
项目 20×8 20×7 uU`Mq8)R
营业收入 64 000 48 000 E<4'4)FHuQ
营业成本 54 000 42 000 %1PNP<3r0
净利润 30 -20 <.c#l':
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20×8年12月31日 20×7年12月31日 %D<>F&h
存货 16 000 12 000 Jbqm?Fy4X
流动资产 60 000 50 000 Q$=X
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总资产 100 000 90 000 -x0u}I
流动负债 20 000 18 000 Z/[ww8b.
总负债 30 000 25 000 OOX[xv!b
在审计过程中,约翰发现以下事项: 5(&'/U^
(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: <lHVch"(^$
借:银行存款5 820 000 }>~]q)]
财务费用 180 000 nG !6[^D
贷:应收票据6 000 000 iz\GahK
(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: #TKByOcD2!
借:营业外支出 3 000 000 .KzU7
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: )2y#
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借:预计负债 3 000 000 .0u@PcE:O
贷:银行存款 2 500 000 T!Eyq,]
营业外收入 500 000 ,7w[r<7
要求: 4lpkq
(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。 {Z{!tR?+
(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: rIZ^ix-N
(a)20×8年存货周转率 nEboet-#D0
(b)20×8年销售毛利率 `_5{:
9N$
(c)20×8年总资产净利率 ^Jdji:
(d)20×8年12月31日的流动比率 u40<>A
(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) 7!%xJ!
【答案】 8UN7(J
(1)应选择营业收入作为计算重要性水平的基础。 q, XRb
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 0G
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销售毛利率=(64000-54000)/64000×100%=15.63% %XAF"J
总资产净利率=30/[(100000+90000)/2]=0.03% $@K
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流动比率=60000/20000=3 S{F'k;x/5
(3) a\?-uJ+
a.应建议做如下审计调整分录: UbSAyf
借:应收票据 6 000 000 )r.4`5Rc
贷:短期借款 5 820 000 wj#A#[e
财务费用 180 000 QFX )Nov];
b.应建议做如下审计调整分录: A/w7(
借:预计负债 3 000 000 wwD?i.3
贷:营业外支出 500 000 X4Y!Z/b
其他应付款 2 500 000 x|`o7.