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)。 *sQ.y
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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: -5oYGLS$y3
(Expressed in RMB thousands) p/yz`m T'w
FINANCLAL STATEMENTS ITEMS %iB,hGatE
20×8 8J#x B
20×7 p()q
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9u)p9)^-.v
Sales 6FYL},.R
64000
#Iu"qu
48000 znB+RiV8
^F'~|zc"C
Cost of sales +DG-MM%\
54000 3:O|p[2)L
42000 @SH[<c
q*Oj5;
Net profit !</U"P:L
30 e"UXG\8D
-20 Q;N)$Xx
=0L%<@yA
qnHjw Mi
December 31, 20×8 ow
December 31, 20×7 9M^5<8:
F Uz1P
Inventory VX
*+:
16000 RH{+8?0
12000 fWPa1E@
NT2XG&$W>
Current assets 4X",
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60000 ZbiC=uh
50000 y #C9@C
9_?<T;]"
Total assets n
rA 4N1
100000 n*ROlCxV
90000 M,W-,l
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dWi<U4
Current liabilities yZ!~m3Q
20000 eIy:5/s
18000 ^I|i9MH
_ X
Total liabilities _xH<R
30000 ,cxe"U
25000 JB%_&gX)v
%y\5L#T!>
@{UUB=}9
During the audit, John has the following findings: p0y|pD
(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: skXzck
Dr. Cash in Bank RMB 5820000 !4!qHJISa
Dr. Financial Expenses RMB 180000 !Pz#czo
Cr. Notes Receivable RMB 6000000 $0x+b!_l@
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ~%lA!tsek
Dr. Non-operating Expenses RMB 3000000 (,ik:j
Cr. Provisions RMB 3000000 RT3(utwO
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 H)h^|A/vO
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: BW6Ox=sr<
Dr. Provisions RMB 3000000 |'&$VzA
Cr. Cash in Bank RMB 2500000 4%zy$,|e
Cr. Non-operating Income RMB 500000 q"@#FS
Required: $UdBZT-
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. PjX V.gz
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: j/Y]3RSMp
(a)Inventory Turnover Rate in 20×8; e`U
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(b)Gross Profit Ratio in 20×8; <7>1Z
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(c)After Tax Return on Total Assets in 20×8; and e v0>j4Q
(d)Current Ratio as at December 31, 20×8 IA&V?{OE@I
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. <KK.f9^o(
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 2@?X>,
以下是未经审计财务报表的部分信息:
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(单位:千元) ?&zi{N
项目 20×8 20×7 z .\r7
营业收入 64 000 48 000 D"-Wo}"8O'
营业成本 54 000 42 000 '^C
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净利润 30 -20 qBcbMa9m
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20×8年12月31日 20×7年12月31日 DA iS|x
存货 16 000 12 000 y$
bY
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流动资产 60 000 50 000 wdf;LM
总资产 100 000 90 000 \.oJ/++
流动负债 20 000 18 000 fzw:[z:%
总负债 30 000 25 000 4X*U~}
在审计过程中,约翰发现以下事项: %'i_iF8.
(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: l`l6Y>c*]
借:银行存款5 820 000 [&4+
<Nl'
财务费用 180 000 xo?'L&%
贷:应收票据6 000 000 ~4Gc~ "
(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: SPRTJdaC9
借:营业外支出 3 000 000 ^n<YO=|u
贷:预计负债 3 000 000 Hc@_@G
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: 1ig*Xp[
借:预计负债 3 000 000 tFc<f7k
贷:银行存款 2 500 000 lwgwdB
营业外收入 500 000 G u_\ySV/y
要求: J=78p#XUg
(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。 JNXzZ4U
(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: 9xj }<WM
(a)20×8年存货周转率 ?H,f|nc
(b)20×8年销售毛利率 #]5KWXC'~
(c)20×8年总资产净利率 M*qE)dZjS
(d)20×8年12月31日的流动比率 kr~n5WiAZ
(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,H
【答案】 V sx
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(1)应选择营业收入作为计算重要性水平的基础。 L fcy#3!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 K> 4w
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ^'`(E_2u
销售毛利率=(64000-54000)/64000×100%=15.63% ubfh4
总资产净利率=30/[(100000+90000)/2]=0.03% |a"]@W$>
流动比率=60000/20000=3 <uS/8MP{
(3) 52
j3[in
a.应建议做如下审计调整分录: 7g]mrI@
借:应收票据 6 000 000 h!JyFc
贷:短期借款 5 820 000 2Sa{=x
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财务费用 180 000 ?D2a"a$^
b.应建议做如下审计调整分录: I}o}
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借:预计负债 3 000 000 )92(C
贷:营业外支出 500 000 i.7_ i78\"
其他应付款 2 500 000 YLTg(*