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)。 vMou`[\WlJ
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: =&UE67eK,
(Expressed in RMB thousands) 4uoZw3
O
FINANCLAL STATEMENTS ITEMS m6BUKX\m
20×8 )?#K0o[<
20×7 0:[A4S`X
-kLBq:M
Sales mm:TR?^
64000 k
$^/$N
48000
Ka(B&.
c{y'&3\
Cost of sales zi6J|u
54000 U3:|!CC)T
42000 V
>
)/z|[
,ESli/6
Net profit g*oX`K.
30 eUNaq&M
-20 @~ke=w6&pe
Fik;hB
7MrHu2rZ=
December 31, 20×8 }?mSMqnB
December 31, 20×7 lF/
Xs
(!{*@?S
Inventory =h-EN_[
16000 #bt f|\D
12000 v0)Y, hW
Ij4q &i"
Current assets hizM}d-"C
60000 de W1>yh^_
50000 )JTQZ,f3]
=bD.5,F)
Total assets 5Q8 H8!^
100000 L1!~T+%uQ
90000 :B5*?x
5<PNl~0
Current liabilities lJFy(^KQG,
20000 7M~ /
q.
18000 MFa/%O_*
N(4y}-w$
Total liabilities rMIX{K)'f
30000 sHBTB6)lx
25000 c8mh#Tbl
3)W_^6>bM
FvVC 2Z
During the audit, John has the following findings: ^TZmc{i
(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: Ve"(}z
Dr. Cash in Bank RMB 5820000 s&V
sK#
Dr. Financial Expenses RMB 180000 'q:7PkN!p
Cr. Notes Receivable RMB 6000000 m0^ "fMV
(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:
Co(N8>1
Dr. Non-operating Expenses RMB 3000000 /Lr`Aka5
Cr. Provisions RMB 3000000 fTR6]i;
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 tc`3-goX
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: ] \|2=
Dr. Provisions RMB 3000000 xP>cQEL ot
Cr. Cash in Bank RMB 2500000 E]n]_{BN]
Cr. Non-operating Income RMB 500000
D
ON.)F
Required: )_C>hWvo_
(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. 7P(o!%H
(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: b1#C,UWK
(a)Inventory Turnover Rate in 20×8; ,_YI:xie|c
(b)Gross Profit Ratio in 20×8; V]J"v#!{
(c)After Tax Return on Total Assets in 20×8; and o>(<:^x9
(d)Current Ratio as at December 31, 20×8 &S+*1<|`K
(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. pm=O.)g4`
【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。 ;0m J4G
以下是未经审计财务报表的部分信息: c.LRS$o/j
(单位:千元) &D[M<7T
项目 20×8 20×7 ,m`&J?
营业收入 64 000 48 000 Dx /w&v
营业成本 54 000 42 000 46)[F0,$r
净利润 30 -20 AKjobA#
U1/I(w
20×8年12月31日 20×7年12月31日 U}X'RCM
存货 16 000 12 000 g,WTXRy
流动资产 60 000 50 000 2"a%%fv
总资产 100 000 90 000 J&'*N:d
流动负债 20 000 18 000 m[y~-n
总负债 30 000 25 000 S_Nm?;P
在审计过程中,约翰发现以下事项: 3O*iv{-&
(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: \6a' p
Q,
借:银行存款5 820 000 AaB1H7r-
财务费用 180 000 N)H+Ng[
贷:应收票据6 000 000 ]!S#[Wt {k
(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: x1wD`r
借:营业外支出 3 000 000 8d'/w}
GV
贷:预计负债 3 000 000 <75x@!
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: NMw5ixl
借:预计负债 3 000 000
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贷:银行存款 2 500 000 -}T7F+
营业外收入 500 000 +|S)Mm8-
要求: rT;l#<#VE
(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。 V]Ccj\Oi
(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: %jj-\Gz!
(a)20×8年存货周转率 xG
edY*[`
(b)20×8年销售毛利率 aDz%
%%:r
(c)20×8年总资产净利率 .Gr"|uII
(d)20×8年12月31日的流动比率 7Tr '<(A
(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) C<:wSS^@1
【答案】 @~$=96^
(1)应选择营业收入作为计算重要性水平的基础。 c{D<+XM
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 zBTxM
ho^c#>81
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 8%4v6No&*
销售毛利率=(64000-54000)/64000×100%=15.63% 1=+S'_j
总资产净利率=30/[(100000+90000)/2]=0.03% S]fkA6v
流动比率=60000/20000=3 7!`1K_v6
(3) J
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a.应建议做如下审计调整分录: UjunIKX+
借:应收票据 6 000 000 kd&
~_=Q
贷:短期借款 5 820 000
h
Ks
财务费用 180 000 j4@6`[n:
b.应建议做如下审计调整分录: L28wT)D-
借:预计负债 3 000 000 /;q3Q#
贷:营业外支出 500 000 K-*ZS8
其他应付款 2 500 000 F
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