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)。 jaoZ}}V_$
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: fa/S!%}fO
(Expressed in RMB thousands) !vwio!
FINANCLAL STATEMENTS ITEMS *?X&Y8Kf
20×8 +Ryj82;59z
20×7 fUjo',<s
#kC~qux^
Sales rwq
64000 ;_cTrjMv\
48000 @Go_5X(
$wUYK%.
Cost of sales J p=qPG|
54000 *I]]Ogpq=
42000 sq'm)g
MRLiiIrq,5
Net profit cI2Ps3~"Q
30 +KTfGwKt
-20 *$eH3nn6g
<Q|\mUS6
/z-rBfdy^
December 31, 20×8 ZsP ^<
December 31, 20×7 s>>&3jfM
q }@L "a`
Inventory Z@Rm^g]o
16000 5T;LWS
12000 {xTq5`&gT
^N={4'G)
Current assets W22S/s
60000 /!H24[tnk1
50000 );0
X/4CXtX^
Total assets `jE[Xt"@
100000 {"wF;*U.V
90000 8:TX9`,
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Current liabilities |
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20000 `PUqz&
18000 xv]z>4@z,
Cv,WG]E7(
Total liabilities iE'_x$i
30000 %p}vX9U')
25000 MJ:c";KCq0
@8W@I|
6Ryc&z5
During the audit, John has the following findings: ']nIa7
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: .V;,6Vq
Dr. Cash in Bank RMB 5820000 Oa/^A-'Q
Dr. Financial Expenses RMB 180000 #*A&jo'E
Cr. Notes Receivable RMB 6000000 k4sV6f
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ,l&?%H9q
Dr. Non-operating Expenses RMB 3000000 !td!">r46e
Cr. Provisions RMB 3000000 0
ca0-vY
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 I$"Z\c8;
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: H>+/k-n-
Dr. Provisions RMB 3000000 C@qWour
Cr. Cash in Bank RMB 2500000 6m&GN4Ca
Cr. Non-operating Income RMB 500000 Vg$d|m${
Required: E3wpC#[Q1
(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. >v,X:B?+FL
(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: m'2F#{
(a)Inventory Turnover Rate in 20×8; 8O^x~[sQ
(b)Gross Profit Ratio in 20×8; Be{@ L
(c)After Tax Return on Total Assets in 20×8; and "W5MZ
(d)Current Ratio as at December 31, 20×8 VESvCei
(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. =o(}=T>:"
【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。 @*hv|zjs
以下是未经审计财务报表的部分信息: Qy:yz
(单位:千元) ~|KqG
项目 20×8 20×7 >)K3
营业收入 64 000 48 000 P"7` :a
营业成本 54 000 42 000 |co#X8J
净利润 30 -20
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B>i%:[-e
20×8年12月31日 20×7年12月31日 F.TIdkvp
存货 16 000 12 000 3Y P! B=
流动资产 60 000 50 000 91z=ou
总资产 100 000 90 000 +vZYuEq_
流动负债 20 000 18 000 =)bOteWM
总负债 30 000 25 000 IEm?'o:
在审计过程中,约翰发现以下事项: oN}\bK
(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: A6szTX#0
借:银行存款5 820 000 Z&^vEQ
财务费用 180 000 Q^{TcL8
贷:应收票据6 000 000 Y5E0n(Z
(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: m !:F/?B
借:营业外支出 3 000 000 9?Bh8%$
贷:预计负债 3 000 000 .yF-<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: O[Z$~
借:预计负债 3 000 000 VsA_x
贷:银行存款 2 500 000 3~`\FuHHe
营业外收入 500 000 -F`gRAr-
要求: E`N`
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 4"PA7
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: @yGnrfr
(a)20×8年存货周转率 ,%yC4
(b)20×8年销售毛利率 d
i_N}x*
(c)20×8年总资产净利率 >0kL9_9{
(d)20×8年12月31日的流动比率 j &[lDlI_
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) v
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【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 e|A=sCN-
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 6 w!qZ4$
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 +
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销售毛利率=(64000-54000)/64000×100%=15.63% SMvlEj^
总资产净利率=30/[(100000+90000)/2]=0.03% a\-5tYo`u
流动比率=60000/20000=3 fCa
lR7!
(3) [GyPwb
-
a.应建议做如下审计调整分录: ?z`yNx6
借:应收票据 6 000 000 UHY)+6qt]
贷:短期借款 5 820 000 >
a@1y8B
财务费用 180 000 G}
[$M"}
b.应建议做如下审计调整分录: GF9iK|i/
借:预计负债 3 000 000 bIt{kzuQC
贷:营业外支出 500 000 :qXREF@h
其他应付款 2 500 000 tklS=R^Vn