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)。 ~9x$tb x-
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: tohYwXN
(Expressed in RMB thousands) ~2=B:;
FINANCLAL STATEMENTS ITEMS Fet>KacTht
20×8 ]k >S0
20×7 "rkP@ja9n
4xg%OH
Sales =Ermh7,
64000 =X>?Y,
48000 lgre@M]mg
5a4
;d+
Cost of sales T;.#=h
54000 {wCQ#V
42000 l$.C40v
v')T^b
F@
Net profit .7cQKdvcC
30 ~hz]x^:
-20 z)Bc91A
N{oD1%
[
tmJ6^s
December 31, 20×8 +ZXk0sP_<
December 31, 20×7 6Pd;I,k
DTgF,c
Inventory 6(X(f;MEl
16000 +dIg&}Tr
12000 C#vU'RNpl
5f}wQ
Current assets CCQ<.iCU
60000 8Cwg
V
50000 #@lLx?U
eV}Ow`~I5
Total assets Y+j|T`d
100000 (w)Qt/P^4
90000 r!j_KiUy
-*+7-9A I
Current liabilities ; v>2z!M
20000 _fa2ntuS=f
18000 *G2p;n=2
A"i40 @+
Total liabilities iv:[]o
30000 &P,8)YA
25000
g$9Yfu
} n_9d.
OG/R6k.
During the audit, John has the following findings: oM
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: [7Q |vu
Dr. Cash in Bank RMB 5820000 57D /"
Dr. Financial Expenses RMB 180000 ,Q2` N{f
Cr. Notes Receivable RMB 6000000 MhWmY[
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: (4x`/
Dr. Non-operating Expenses RMB 3000000 4GeWo@8h
Cr. Provisions RMB 3000000 -=QA{n
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 'I\bz;VT
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: #tGW|F
Dr. Provisions RMB 3000000 l>H#\MR
Cr. Cash in Bank RMB 2500000 op/|&H'
Cr. Non-operating Income RMB 500000 !fZ{=
Required: l<! ?`V6}
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 3|l+&LF!IC
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: S0,p:Wey
(a)Inventory Turnover Rate in 20×8; ST] h NM
(b)Gross Profit Ratio in 20×8; W=%}~7*
(c)After Tax Return on Total Assets in 20×8; and /vBOf;L
(d)Current Ratio as at December 31, 20×8 iO>2#p8$NR
(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. $yLsuqB}
【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。 Vw<=& w #K
以下是未经审计财务报表的部分信息: ^4h/6^b0c
(单位:千元) ?tV $o,11
项目 20×8 20×7 #-Ehg4W
营业收入 64 000 48 000 (Lp<T! "
营业成本 54 000 42 000 7[.aAGTZ;
净利润 30 -20 }p]8'($
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20×8年12月31日 20×7年12月31日 @y2{LUJe
存货 16 000 12 000 ~\6Kq`Y
流动资产 60 000 50 000 /*B-y$WQk
总资产 100 000 90 000 -5\hZ!!J2
流动负债 20 000 18 000 w0q.cj@nd
总负债 30 000 25 000 :l'61$=
在审计过程中,约翰发现以下事项: 'K"V{
(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: *[9FPya
借:银行存款5 820 000 Q+$+{g-8
财务费用 180 000 vB
hpD
贷:应收票据6 000 000
Fr`"XH
(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: wG ua"@IE
借:营业外支出 3 000 000 xf_NHKZ)
贷:预计负债 3 000 000 /YKg.DA|
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: i<m 1^a#C'
借:预计负债 3 000 000 ~Uz,%zU#3
贷:银行存款 2 500 000 [z5pqd-
营业外收入 500 000 /2Y t\=S=
要求: LK-2e$1
(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。 DZ<q)EpC
(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: J-P>
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(a)20×8年存货周转率 >ZTRwy`_(
(b)20×8年销售毛利率 7y""#-}V[r
(c)20×8年总资产净利率 2"cUBFc1I
(d)20×8年12月31日的流动比率 @A GM=v
(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) 8
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【答案】 ]+u`E
(1)应选择营业收入作为计算重要性水平的基础。 ...|S]a
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 *9Ej fs7L
)*}2L_5]
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 LZG?M|(6D
销售毛利率=(64000-54000)/64000×100%=15.63% Y@)/iwq
总资产净利率=30/[(100000+90000)/2]=0.03% 8eCC
=Az:
流动比率=60000/20000=3 dUegHBw_`R
(3) e*{'A
a.应建议做如下审计调整分录: V+G.
TI
P
借:应收票据 6 000 000 i|?EgGFG
贷:短期借款 5 820 000 HC_+7 O3A
财务费用 180 000 dT?/9JIv
b.应建议做如下审计调整分录: ve|ig]$5g<
借:预计负债 3 000 000 #;4<dDVy
贷:营业外支出 500 000 2uujA*
^
其他应付款 2 500 000 (v+nn1,