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)。 qf
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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: t03X/%H
(Expressed in RMB thousands) }i._&x`):
FINANCLAL STATEMENTS ITEMS g>E.Snj}
20×8 7K5 tBUNQ
20×7 U'@#n2p:k
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Sales 4v.{C"M
64000 ?`T Q'#P`
48000 ?[?;%Y
HjCe/J ;
Cost of sales 70-nAv
54000 'D'H)J
42000 ULH<FDot
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Net profit u.ej<Lo
30 U3u j`Oq
-20 gz#2}
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=O%'qUj`q
December 31, 20×8 #
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December 31, 20×7 i&^]qL|J
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Inventory BdrYc^?JL]
16000 U4=m>Ty
12000 &6e A.
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Current assets s~06%QEG
60000 IY
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50000 {X5G
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Total assets ZZ>F ^t
100000 BdB9M8fM
90000 O1Ynl`}
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Current liabilities %mAwK<MY`
20000 <ivq}(%72
18000 c
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Total liabilities `
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30000 3/y"kl:<-
25000 3aw-fuuIb
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During the audit, John has the following findings: !t[;~`d9
(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: b#-=Dbe
Dr. Cash in Bank RMB 5820000 r:M0#
2
Dr. Financial Expenses RMB 180000 }Te+Rv7{E
Cr. Notes Receivable RMB 6000000 2?F?C
(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 RdB,;Um9f
Cr. Provisions RMB 3000000 t>P[Yld"
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 %GP`
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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: N)/7j7c~;
Dr. Provisions RMB 3000000 jx'hxC'3
Cr. Cash in Bank RMB 2500000 [HhaBy9
Cr. Non-operating Income RMB 500000 %%9T-+T
Required: 9"?;H%.
(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. OaKr_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: MoXai0d%
(a)Inventory Turnover Rate in 20×8; ymn@1BA8J
(b)Gross Profit Ratio in 20×8; _hgGF9
(c)After Tax Return on Total Assets in 20×8; and .pG`/[*a
(d)Current Ratio as at December 31, 20×8 m=TZfa^
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(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. &oE'|^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。 85q!FpuH
以下是未经审计财务报表的部分信息: mA#;6?6
(单位:千元) IOa@dUh7a,
项目 20×8 20×7 xt6%[)
营业收入 64 000 48 000 fZ(k"*\MZ
营业成本 54 000 42 000 c_t7<
净利润 30 -20 O;$}j:;KF
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20×8年12月31日 20×7年12月31日 H
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存货 16 000 12 000 L#WGOl
流动资产 60 000 50 000 3lbGG42:
总资产 100 000 90 000 MAp#1+k
流动负债 20 000 18 000 %jJIR88
总负债 30 000 25 000 H6Ytp^~>
在审计过程中,约翰发现以下事项: kkJ8xyO
(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: "MD6 <H
借:银行存款5 820 000 ps^
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财务费用 180 000
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贷:应收票据6 000 000 lk[u
(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: K+d{R=s^
借:营业外支出 3 000 000 \TLfLqA
贷:预计负债 3 000 000 Q3'P<"u
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: !}5+hj!6
借:预计负债 3 000 000 ~i.rk#{?D
贷:银行存款 2 500 000 3[@:I^q
营业外收入 500 000 #%pY,AK:=
要求: ~.#57g F"
(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。 s
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(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: ~Lq`
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(a)20×8年存货周转率 g-H,*^g+
(b)20×8年销售毛利率 "([lkn
(c)20×8年总资产净利率 l3y}nh+ 8
(d)20×8年12月31日的流动比率 -c{ Y+M`
(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) P
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【答案】 $h}w:AV:
(1)应选择营业收入作为计算重要性水平的基础。 3EH@tlTl
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 D&=+PAX
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 b>9?gmR{
销售毛利率=(64000-54000)/64000×100%=15.63% q^uCZnkb=
总资产净利率=30/[(100000+90000)/2]=0.03% 8w#4T:hsuN
流动比率=60000/20000=3 <tm=
(3) [x-
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a.应建议做如下审计调整分录: c[;A$P=
8.
借:应收票据 6 000 000 TW
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贷:短期借款 5 820 000 ^5)=)xVF
财务费用 180 000 WEoD?GLS8
b.应建议做如下审计调整分录: 4sfq,shRq
借:预计负债 3 000 000 "yl6WG#J
贷:营业外支出 500 000 X5-[v(/]
其他应付款 2 500 000 V
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