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)。 Vg'vL[Y
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: 2F9Gx;}t5=
(Expressed in RMB thousands) -|;{/ s5
FINANCLAL STATEMENTS ITEMS r
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20×8 ap
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20×7 ;NNYJqWd^]
x=>B 6o-f
Sales zOJ4I^^
64000 dsck:e5agZ
48000 7\x7ySM
4/UY*Us&
Cost of sales pQv`fr
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54000
kI7c22OJ
42000 M )4-eo
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Net profit ;e,_F/@`
30 ILi{5L
-20 /+^7lQo\]
eC`} oEz
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December 31, 20×8 UrtA]pc3L
December 31, 20×7 SOE5`
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Inventory #dyz
16000 cbe&SxJ
12000 `pr$l
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Current assets %siBCjvo=
60000 @bs
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50000 9N1Uv,OtB
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Total assets hr@c7/L
100000 r'bctFsD
90000 :
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Current liabilities dH]0(aJ
20000 U\OfB'Dn
18000 !O|d,)$q
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Total liabilities r?cDyQE
30000 \Af25Mcf:
25000 r 0mA
{ #?$p i[
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During the audit, John has the following findings: R=Qa54
(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: Xn:5pd;?B6
Dr. Cash in Bank RMB 5820000 [l~Gwaul>
Dr. Financial Expenses RMB 180000 Ml-GAkgG
Cr. Notes Receivable RMB 6000000 .`w[A
(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: ,_SE!iL
Dr. Non-operating Expenses RMB 3000000 87&BF)]
Cr. Provisions RMB 3000000 Mw{0A\6
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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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: =;tDYuFc!
Dr. Provisions RMB 3000000 5&Y%N(
Cr. Cash in Bank RMB 2500000 @:2<cn`
Cr. Non-operating Income RMB 500000 d}d1]@Y\
Required: .kbo]P
(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. |[6jf!F
(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: o 8fB
(a)Inventory Turnover Rate in 20×8; \/qo2'V
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(b)Gross Profit Ratio in 20×8; vI84=n
(c)After Tax Return on Total Assets in 20×8; and |A .U~P):
(d)Current Ratio as at December 31, 20×8 w_
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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. BH`%3Mw
【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。 *:r6E
以下是未经审计财务报表的部分信息: whH_<@!
(单位:千元) /-C`*P=:u
项目 20×8 20×7 mBAI";L3
营业收入 64 000 48 000 fRcs@yZnS
营业成本 54 000 42 000 yM_ta '^$
净利润 30 -20 z2.9l?"rfQ
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20×8年12月31日 20×7年12月31日 `Zdeq.R]
存货 16 000 12 000
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流动资产 60 000 50 000 Pn?,56SD=
总资产 100 000 90 000 #\P\(+0K
流动负债 20 000 18 000 v d{`*|x
总负债 30 000 25 000
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在审计过程中,约翰发现以下事项: zcqv0lM '
(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: wP|Amn+;
借:银行存款5 820 000 9`a1xnL
财务费用 180 000 i>*|
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贷:应收票据6 000 000 Xa,d"R~
(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: vHydqFi 9
借:营业外支出 3 000 000 /m"#uC!\
贷:预计负债 3 000 000 }q$6^y
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: K3Sa6"U
借:预计负债 3 000 000 HpXQD;
贷:银行存款 2 500 000 {4C/ZA{|l
营业外收入 500 000 H\>0jr`
要求: pqT+lai)#
(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。 yG v7^d
(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: q.}
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(a)20×8年存货周转率 Bd++G'FZ
(b)20×8年销售毛利率 YK{E=<:
(c)20×8年总资产净利率 d*B^pDf
(d)20×8年12月31日的流动比率 #7*{ $v
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) _L^(CFE
【答案】 Z&Qz"V>$
(1)应选择营业收入作为计算重要性水平的基础。 w=;Jj7}L
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 e=H,|)P
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Yl$R$u)
销售毛利率=(64000-54000)/64000×100%=15.63% n)<S5P?
总资产净利率=30/[(100000+90000)/2]=0.03% _o+z#Fn z
流动比率=60000/20000=3 qN=l$_UD
(3) Y3 V9
a.应建议做如下审计调整分录: _8z ga
A
借:应收票据 6 000 000 sC}p_'L
贷:短期借款 5 820 000 !T|q/ri
财务费用 180 000 prdc}~J8{
b.应建议做如下审计调整分录: :>q*#vlb
借:预计负债 3 000 000 !
^ DQX=1
贷:营业外支出 500 000 h>a/3a$g
其他应付款 2 500 000 xwJ.cy