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)。 5#N"WHz!
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: ^!-E`<jW8
(Expressed in RMB thousands) VPq5xSc?
FINANCLAL STATEMENTS ITEMS .x\/XlM
20×8 c%6 @ z
20×7 "^e}
C@
{7j6$.7J$&
Sales ZEXj|wC
64000 ySPlyhGF
48000 GgZEg
?@
v '"1/% L
Cost of sales sM);gI14
54000 T<9dW?'|
42000 v#T?YK
DKaG?Y,*p
Net profit GA%"w=M\
30 YFC0KU
-20 5Xq.=/eX
ImT+8pa
4F1.D9u
December 31, 20×8 CrQA :_Z(7
December 31, 20×7 `CTkx?e[
CBz(hCaI
Inventory h>mBkJ
{
16000 g9grfN
12000 tXb7~aO
jN5} 2 p*
Current assets OLd$oxKR
60000 D!OG307P
50000
k=d%.kg
0|wKR|zW
Total assets h~^qG2TYWq
100000 =%#$HQ=
90000 +Y>cBSO
Sx4UaV~"
Current liabilities ~8n~4
20000 f;_K}23
18000 (d GM;Dq8
zwniS6R1
Total liabilities Fc{6*wtO
30000 B[U.CAUn
25000 >8Yrmq
~[
ks|
6LF^[b/u
During the audit, John has the following findings: Ej{eq^n
(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: eiNk]KXAYX
Dr. Cash in Bank RMB 5820000 VU g~[
Dr. Financial Expenses RMB 180000 ngH~4H
yT
Cr. Notes Receivable RMB 6000000 V]CK'
(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: ZF11v(n
Dr. Non-operating Expenses RMB 3000000 41+E U Mc
Cr. Provisions RMB 3000000 [gg7Z|Hu
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 |WwFE|<
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: U
K]{ ]-
Dr. Provisions RMB 3000000
^F{)4
Cr. Cash in Bank RMB 2500000 59%f|.Z)
Cr. Non-operating Income RMB 500000 f4\p1MYQ
Required: OrKT~JQVC&
(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. LF3GVu,
(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: *{p&Fy55
(a)Inventory Turnover Rate in 20×8; `QyALcO
(b)Gross Profit Ratio in 20×8; O]4
x;`)
(c)After Tax Return on Total Assets in 20×8; and ~%!U,)-
(d)Current Ratio as at December 31, 20×8 <=GzK:4L
(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. @gVyLefS6g
【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。 KohQ6q
以下是未经审计财务报表的部分信息: rc{[\1 -N
(单位:千元) :QhEu%e
项目 20×8 20×7 6w`}+3
营业收入 64 000 48 000 pmpn^ZR
营业成本 54 000 42 000 7<C~D,x6
净利润 30 -20 ~D-OL*2
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20×8年12月31日 20×7年12月31日 rsIPI69qJ.
存货 16 000 12 000
x#}eC'Q
流动资产 60 000 50 000 fKK-c9F
总资产 100 000 90 000 '>lPq tdZ
流动负债 20 000 18 000 X-) ]lAP
总负债 30 000 25 000 FOnA;5Aa
在审计过程中,约翰发现以下事项: a^)4q\E
(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: m^u&g&^
借:银行存款5 820 000 `] dx%
财务费用 180 000 lO[jf6gB
贷:应收票据6 000 000 %dWFg<< |
(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: u
P'w.nA&2
借:营业外支出 3 000 000 >*Z{@1*h
贷:预计负债 3 000 000 QT&Ws+@
s{
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: W/F4wEODY
借:预计负债 3 000 000 lIc9,|FL
贷:银行存款 2 500 000 &DhA$o "'
营业外收入 500 000 `/j|Rb|eow
要求: ~esEql=Q3'
(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。 <}'B-k9
(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: {3p7`h~
(a)20×8年存货周转率 D"XQ!1
B%
(b)20×8年销售毛利率 |>fS"u
(c)20×8年总资产净利率 3Os3=Ix
(d)20×8年12月31日的流动比率 'L+BkE6+%
(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) )/i|"`)>_
【答案】 [<1+Q =;
(1)应选择营业收入作为计算重要性水平的基础。 x]01j4HJ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 dcTM02kEh
e8uIh[+ 0
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 N~<}\0
销售毛利率=(64000-54000)/64000×100%=15.63%
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总资产净利率=30/[(100000+90000)/2]=0.03% I)/7M}t`
流动比率=60000/20000=3 F^bQ-
(3) |l \/ {F
a.应建议做如下审计调整分录:
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借:应收票据 6 000 000 >oaEG5%d
贷:短期借款 5 820 000 NX #d}M^V
财务费用 180 000 zc~xWy+
b.应建议做如下审计调整分录: t
}C
^E
借:预计负债 3 000 000 fB"gM2'
贷:营业外支出 500 000 l7y`$8Co
其他应付款 2 500 000 ymVd94L