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)。 6M^NZ0~J
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: g-8D1.U
(Expressed in RMB thousands) \ y}!yrQ
FINANCLAL STATEMENTS ITEMS ar[I|
Q_
20×8 7mT
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20×7 ] i:WP2
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Sales 41XS/# M$*
64000 vjz 'y[D
48000 Zjq( ]y
,u@Vi0
Cost of sales h( V:-D
54000 PO@b9O
42000 ~bnyk%S
o
Gzw9E.Hk
Net profit sgfci{~
30 (
C~ u.
-20 `"s*'P398
7
/7,55
R|g50Q
December 31, 20×8 dc=}c/6x
December 31, 20×7 3IyNnm=u
f j:q>}V
Inventory HOSt0IHzty
16000 jM5w<T-2/
12000 #O,;3S
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Current assets DOB#PI[/
60000 s%/x3anz=
50000 kb~;s-$O`s
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Total assets CB KLct>
100000 m/bP`-/,
90000 w,!IvDCAw
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Current liabilities 5i1E
5@~
20000 `P
* wz<
18000 |6o!]~&e$1
k%Wj+\93f
Total liabilities ttd
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30000 8$~^-_>n/
25000 ,k |QuOrCh
k}hTSL
i}=n6
During the audit, John has the following findings: WvN{f*
(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: y"T(Unvc
Dr. Cash in Bank RMB 5820000 h]>7Dl]
Dr. Financial Expenses RMB 180000 ko+fJ
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Cr. Notes Receivable RMB 6000000 M"s+k
(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: ?8!\V NC.
Dr. Non-operating Expenses RMB 3000000 mhW*rH*m
Cr. Provisions RMB 3000000 )N3XbbV
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ZE:!>VXa87
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:
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Dr. Provisions RMB 3000000 1a79]-j
Cr. Cash in Bank RMB 2500000 L]Dq1q8`
Cr. Non-operating Income RMB 500000 _~.S~;o!b
Required: "L&84^lmf
(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,y zRb
(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: .r~M7 I
(a)Inventory Turnover Rate in 20×8; HAmAmEc,
(b)Gross Profit Ratio in 20×8; d=eIsP'h
(c)After Tax Return on Total Assets in 20×8; and oxNQNJ!X
(d)Current Ratio as at December 31, 20×8 ' '<3;
(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. c|s7cG$+-
【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。 _V,bvHWlM
以下是未经审计财务报表的部分信息: _^@ >I8ix
(单位:千元) ;iO5
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项目 20×8 20×7 o0 |T<_
营业收入 64 000 48 000 -8Q}*Z
营业成本 54 000 42 000
%\] x}IC
净利润 30 -20 2*5pjd{Kt
g+]o=@
20×8年12月31日 20×7年12月31日 \rM5@
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存货 16 000 12 000 S+bpWA
流动资产 60 000 50 000 Mhu|S)hn
总资产 100 000 90 000 gTb%c84
流动负债 20 000 18 000 x4XCR,-
总负债 30 000 25 000 !g4u<7
在审计过程中,约翰发现以下事项: q$'D}OH T
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 9>r@wK'Pn
借:银行存款5 820 000 KsQn %mxS
财务费用 180 000 )1gOO{T]h?
贷:应收票据6 000 000 Kh7C7[&
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: PW+B&7{
借:营业外支出 3 000 000 qFXx/FZ
贷:预计负债 3 000 000 3QDz9KwCAw
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: Ejj+%)n.
借:预计负债 3 000 000 c0Yc~&RF
贷:银行存款 2 500 000 |
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营业外收入 500 000 .`jYrW-k
要求: +1nzyD_E
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 tE<'*o'
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: [LM9^*sG2V
(a)20×8年存货周转率 a=
(v S
(b)20×8年销售毛利率 !3)WW)"!r
(c)20×8年总资产净利率 H;MyT Vl
(d)20×8年12月31日的流动比率 v}TFM
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) AP+%T
【答案】 sBa&]9>m
(1)应选择营业收入作为计算重要性水平的基础。 {a0yHy$H
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 #ri;{d^6
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 LZDJ\"a-
销售毛利率=(64000-54000)/64000×100%=15.63% \V
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总资产净利率=30/[(100000+90000)/2]=0.03% ^s\T<;
流动比率=60000/20000=3 -I[K IeF
(3) 3.6Gh|7
a.应建议做如下审计调整分录: "KgNMNep
借:应收票据 6 000 000 uM,R +)3
贷:短期借款 5 820 000 vZ1?4hG
财务费用 180 000 (0["|h32,
b.应建议做如下审计调整分录: 0ax;Q[z2
借:预计负债 3 000 000 U(2=fKK;
贷:营业外支出 500 000 n(W&GSj|u9
其他应付款 2 500 000 fR]KXfZ