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)。 +tG'
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: CL?=j| E
a
(Expressed in RMB thousands) a]6dhQ`
FINANCLAL STATEMENTS ITEMS 1zCgPiAem
20×8 ,w=u?
20×7 A
6E~GJa
2^Z"4t4
Sales 8%a
^j\L
64000 r
Cz,XYV
48000 5yj6MaqJ
9%0
^fhrJ
Cost of sales ZsYY)<n
54000 =.):tGDp
42000 d69dC*>
mgodvX
Net profit xK
5~9StP
30 N|
P?!G-=
-20 C}pQFL{B5
w6-<HPW<S
[ L
' >
December 31, 20×8 g&8-X?^Q
December 31, 20×7 g0IvcA
TQ%
F\@"
Inventory +Z=y/wY
16000 \>{;,f
12000 $U)nrni
6!;D],,"#.
Current assets ;hEeFJ=/G
60000 K*p3#iB
50000 5v=e(Ph+
|8)\8b|VuC
Total assets dVn_+1\L
100000 o]GZq..
90000 s3K!~v\L]
Lzcea+*uw
Current liabilities \6aisK
20000 `lt[Q>Z
18000 C9,Uwz<!]
1S y
G
Total liabilities XPnHi@x
30000 Pa$"c?QUy
25000 Ue"pNjd|
X!@ Y,
lnF{5zc
During the audit, John has the following findings:
IA`Lp3Z
(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: 'q@vTM'-
Dr. Cash in Bank RMB 5820000 )#`&[9d-
Dr. Financial Expenses RMB 180000 D.ySnYzh
Cr. Notes Receivable RMB 6000000 -MFePpUt
(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: p\.IP2+c
Dr. Non-operating Expenses RMB 3000000 *9EW&Ek
Cr. Provisions RMB 3000000 Q^* 33
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 . lNf.x#u
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: P'*Fd3B#A=
Dr. Provisions RMB 3000000 kdhwnO
Cr. Cash in Bank RMB 2500000 6)>otB8)J
Cr. Non-operating Income RMB 500000 iO2jT+i
Required: }02(Y!Gh
(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. \p]B8hL
W
(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: Py?Q::
(a)Inventory Turnover Rate in 20×8; 7<Y aw,G
(b)Gross Profit Ratio in 20×8; $R:Q R?
(c)After Tax Return on Total Assets in 20×8; and U"~W3vwJ
(d)Current Ratio as at December 31, 20×8 )CgH|z:=b
(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. wxT(ktE
【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。 6&
6|R3
以下是未经审计财务报表的部分信息: eo.B0NZsF
(单位:千元) Pw5[X5.DX
项目 20×8 20×7 TOG:N~
营业收入 64 000 48 000 $+$l?2
营业成本 54 000 42 000 ,J:Ro N_:
净利润 30 -20 q;7DH4;t
c%1{l]
20×8年12月31日 20×7年12月31日 2.MY8}&WBu
存货 16 000 12 000 +d(|Jid
流动资产 60 000 50 000 hVui.]
总资产 100 000 90 000 w
N :"(mQ
流动负债 20 000 18 000 ;|:R*(2
总负债 30 000 25 000 v *`M3jb
在审计过程中,约翰发现以下事项: E=`/}2
(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: )V&hS5P=S
借:银行存款5 820 000 syI|gANT/r
财务费用 180 000 jx2{k
K
贷:应收票据6 000 000 cv7:5P
(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: h[Uo6`
借:营业外支出 3 000 000 y0~ttfv
贷:预计负债 3 000 000 O~Bh(_R&
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: |68k9rq
借:预计负债 3 000 000 .8T0OQ4
贷:银行存款 2 500 000 U.JE \/
营业外收入 500 000 5}c8v2R:B
要求: "\=Phqw
(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。 TQ5kM
(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: PC|ul{[*}
(a)20×8年存货周转率 +_+j"BT
(b)20×8年销售毛利率 &HtTh {
(c)20×8年总资产净利率 P
+wpX
(d)20×8年12月31日的流动比率 DuIXv7"[
(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) ga(k2Q;y
【答案】 P(/eVD#v
(1)应选择营业收入作为计算重要性水平的基础。 j#Tl\S!m.I
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`OQ6|.k8
K Hgn
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 5;,h8vW
销售毛利率=(64000-54000)/64000×100%=15.63% P{yb%@I~J
总资产净利率=30/[(100000+90000)/2]=0.03% m^=El7+
流动比率=60000/20000=3 RB
BmGZ
(3) (z?j{J
a.应建议做如下审计调整分录: #qpP37G
借:应收票据 6 000 000 N_Kdi%q
贷:短期借款 5 820 000 >P&1or)e%
财务费用 180 000 fc9@l a
b.应建议做如下审计调整分录: PB?2{Cj
借:预计负债 3 000 000 -6~.;M 5
贷:营业外支出 500 000 NzTF2ve(
其他应付款 2 500 000 \4^rb?B