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)。 D`p&`]k3v
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: Z0&^U#
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(Expressed in RMB thousands) %x@
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FINANCLAL STATEMENTS ITEMS uo0g51%9
20×8 [
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20×7 xw_VK1
r>73IpJI
Sales K$OxeJP?F
64000 M
S
3?#b
48000 S<}2y 9F
x,$N!X
Cost of sales :#D?b.=
54000 pRI<L'
42000 <!b~7sZkTc
lyGQ6zlSn
Net profit iEx.BQ+
30 O@JgVdgf
-20 H`u8}{7
z'@j9vT
z ogtIn)
December 31, 20×8 @X`~r8&
December 31, 20×7 sX&.8
i0F.c\
Inventory 9$,x^Qx
16000 E)==!T@E
12000 \#4??@+Xf
I9O9V[
Current assets yMdEH-?/
60000 +mRFHZG
50000 ' JHCf
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Total assets yXU-@~
100000 <viIpz2jh%
90000 csn/h$`-@
rM<lPMr1*
Current liabilities zJ{?'kp
20000 0kN;S
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18000 whb|N2
49f- u
Total liabilities }~P%S(zB
30000 kp3(/`xP
25000 36>pa
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6BIP;, M=
During the audit, John has the following findings: d,=Kv
(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: 1*S5:7Tb
Dr. Cash in Bank RMB 5820000 =`2nv0%2
Dr. Financial Expenses RMB 180000 *8}Y0V\s
Cr. Notes Receivable RMB 6000000 1);$#Dlt
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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: -q7A\8C
Dr. Non-operating Expenses RMB 3000000 K/RQ-xd4
Cr. Provisions RMB 3000000 \m-fLX
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 hW*2Le!I
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: $ tf;\R
Dr. Provisions RMB 3000000
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Cr. Cash in Bank RMB 2500000 AH`n
Cr. Non-operating Income RMB 500000 *]2LN$
Required: F-}-/N]o
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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. htc& !m
(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: `x:znp} '
(a)Inventory Turnover Rate in 20×8; eeIh }t>[
(b)Gross Profit Ratio in 20×8; x_1JQDE
(c)After Tax Return on Total Assets in 20×8; and {#q']YDe`
(d)Current Ratio as at December 31, 20×8 2}j2Bhc
(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. F\1nc"K/(
【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。 zb9^ii$g
以下是未经审计财务报表的部分信息: ZK5(_qW&i
(单位:千元) A7U'>r_.
项目 20×8 20×7 9@AGx<S1
营业收入 64 000 48 000 Mr
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营业成本 54 000 42 000 )
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净利润 30 -20 eydVWVN
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"eK
20×8年12月31日 20×7年12月31日 GypZ!)1
存货 16 000 12 000 A2'
流动资产 60 000 50 000 !f_GR Pj'
总资产 100 000 90 000 K#M
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流动负债 20 000 18 000 /H.QGPr
总负债 30 000 25 000 U`q[
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在审计过程中,约翰发现以下事项: 5A 1oZ+C#
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录:
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借:银行存款5 820 000 m^zx&
财务费用 180 000 =fMSmn1S
贷:应收票据6 000 000 aKs!*uo0H
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: 20m6-rkI<}
借:营业外支出 3 000 000 ~Wu Elns
贷:预计负债 3 000 000 UCYhaD@sP
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: s#w+^Mw$
借:预计负债 3 000 000 kF'^!Hp
贷:银行存款 2 500 000 g$VcT\X
营业外收入 500 000 ))c;DJc
要求: ,4j$kR
(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。 6A M,1
(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: $oE 4q6b
(a)20×8年存货周转率 Qv8#{y@U
(b)20×8年销售毛利率 *pP"u::S
(c)20×8年总资产净利率 Orh5d7+S
(d)20×8年12月31日的流动比率 t )Z2"_5
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Ary$,3X2
【答案】 'R_U,9y`
(1)应选择营业收入作为计算重要性水平的基础。 ->wY|7
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Af=%5%
Y=X"Y
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 wlqV1.K
销售毛利率=(64000-54000)/64000×100%=15.63% w|WZEu:0|
总资产净利率=30/[(100000+90000)/2]=0.03% "W6nW
流动比率=60000/20000=3 fLI@;*hL0
(3) qU8UKI P
a.应建议做如下审计调整分录: 9?D7"P+
借:应收票据 6 000 000 &_4A6
贷:短期借款 5 820 000 5K'EuI)
财务费用 180 000 zq!
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b.应建议做如下审计调整分录: d!8q+FI
借:预计负债 3 000 000 z+" :,#
贷:营业外支出 500 000 ?Z4&j'z<
其他应付款 2 500 000 PkDL\Nqe