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)。 6<X%\[)n
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: ;I}'}
(Expressed in RMB thousands) i?>tgmu.
FINANCLAL STATEMENTS ITEMS qP3q
20×8 3`*Kav>"
20×7 %MZP)k,&U
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Sales 7]Em,
64000 e_.Gw"
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48000 ba3*]01Yb
dRW$T5dac
Cost of sales "Y;}GlE
54000 Apj;
42000 :ofBzTNwZ
j.m(ltGh
Net profit aJhxc<"e
30 X^s2BW
-20 uo2'"@[e
F]EBD 8/b
zF`3gl.
December 31, 20×8 X(@uw X$m
December 31, 20×7 WBr5
9@V
Dnw| %6Y
Inventory V`kMCE;?l
16000 3BG>Y(v
12000 3Fs5RC~a
Z
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Current assets
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60000 v+G=E2Lhv
50000 QA3/
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Total assets hI},~af
100000 ~q+hV+fa>
90000 Ts.wh
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Current liabilities _n;;][]S
20000 l{Dct\ #s
18000 :9|\Z|S(I
*.#oxcll
Total liabilities -VxDNT}Tr
30000 /w (e
25000 30>3 !Xqa
#P<N^[m
8CbXMT
During the audit, John has the following findings: m3bCZ9iE
(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: bi[IqU!9
Dr. Cash in Bank RMB 5820000 PjKECN
Dr. Financial Expenses RMB 180000 |`TgX@,#9
Cr. Notes Receivable RMB 6000000 1)m@?CaI`
(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: I,yC
D7l_
Dr. Non-operating Expenses RMB 3000000 vS\Nd1~ ?
Cr. Provisions RMB 3000000 F$BbYf2i
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Dre2J<QL
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: $+p?Y)h .
Dr. Provisions RMB 3000000 Fz#X=gmG
Cr. Cash in Bank RMB 2500000 #J (~_%Wi
Cr. Non-operating Income RMB 500000 >P6BW
Required: &i+Ce
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. B"yFS7Rrj
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: js iSg/
(a)Inventory Turnover Rate in 20×8; M?m,EQh.
(b)Gross Profit Ratio in 20×8; -Eu6U`"(
(c)After Tax Return on Total Assets in 20×8; and oND@:>QBF
(d)Current Ratio as at December 31, 20×8 tW
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(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. hj'(*ND7z
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 1 zw*/dp
以下是未经审计财务报表的部分信息: Q></`QWpoB
(单位:千元) / 0 O=(
项目 20×8 20×7 8>hwK )av
营业收入 64 000 48 000 '5&s=M_
营业成本 54 000 42 000 YIw1
净利润 30 -20 1`ayc|9BR
V"c
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20×8年12月31日 20×7年12月31日 y@0E[/O
存货 16 000 12 000 nRyU]=-X
流动资产 60 000 50 000 R2Zgx\VV'
总资产 100 000 90 000 dXF^(y]l
流动负债 20 000 18 000 FEV
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总负债 30 000 25 000 ]a5 f2lE
在审计过程中,约翰发现以下事项: C74a(Bk}H
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 3EJt%}V$k
借:银行存款5 820 000 Ym3\pRFiD
财务费用 180 000 lOtDqb&
贷:应收票据6 000 000 |{CfWSB7~@
(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: SkmT`*v@
借:营业外支出 3 000 000 nBk)WX&[K
贷:预计负债 3 000 000 bv&;R
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: uEX!xx?Q#
借:预计负债 3 000 000 PLK3v4kVM!
贷:银行存款 2 500 000 j4qJ.i
营业外收入 500 000 &mb{.=
要求: FCnm1x#
(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。 Lhqz\ o
(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: )c `7( nY
(a)20×8年存货周转率 yu;P +G
(b)20×8年销售毛利率 iof-7{+3_
(c)20×8年总资产净利率 H
DF|{
(d)20×8年12月31日的流动比率 30SW\@
(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) 4O35"1
【答案】 6oGYnu;UZ
(1)应选择营业收入作为计算重要性水平的基础。 gHo?[pS%y
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 V,%=AR5
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 DAXX;4
销售毛利率=(64000-54000)/64000×100%=15.63% Ft&]7dT{W
总资产净利率=30/[(100000+90000)/2]=0.03% ZjF 4v
流动比率=60000/20000=3 0N$v"uX@
(3) dw*_(ys
a.应建议做如下审计调整分录: [Al&
借:应收票据 6 000 000 N<XNTf
贷:短期借款 5 820 000 ~^1 {B\I
财务费用 180 000 "
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b.应建议做如下审计调整分录: ]"?)Z
借:预计负债 3 000 000
K~R`%r_
贷:营业外支出 500 000 G|!on<l&
其他应付款 2 500 000 ]x(!&y:h