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)。 pLB~{5u>;-
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: C%hMh/Li;
(Expressed in RMB thousands) }.j<kmd
FINANCLAL STATEMENTS ITEMS 13+f ^
20×8 SFKfsb !C
20×7 s&T"/4
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Sales 60
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64000 gP&G63^
48000 L>4!@L5)
N~c Y ~a
Cost of sales 5u(,g1s}UZ
54000 uBdS}U
42000 {bQi
z
rCOH*m&
Net profit r]GG9si
30 "eqN d"~
-20 *>m,7} L
O[9>^y\,
F+%6?2J
December 31, 20×8 p6UPP|-S
December 31, 20×7 J.nJ@?O+
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Inventory
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16000 $K_G|Wyi
12000 oqLM-=0<}
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Current assets X\\c=[#8-
60000 N*Is_V\R
50000 ~353x%e'
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Total assets E=G"_
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100000 @-^jbmu^
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90000 %E1_)^^
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Current liabilities rn$LZE
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20000 _9y
18000 6p=OM=R
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Total liabilities ,CG
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30000 Z@Tb3N/[
25000 G54,`uz2
>gj%q$@
S,I|8
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During the audit, John has the following findings: orT%lHwjL
(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: &CtWWKS"
Dr. Cash in Bank RMB 5820000 E~[v.3`
Dr. Financial Expenses RMB 180000 UKfC!YR2J8
Cr. Notes Receivable RMB 6000000 TGSUbBgU
(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: )/32sz]~
Dr. Non-operating Expenses RMB 3000000 oRp;9
Cr. Provisions RMB 3000000 ;+86q"&n
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 kNqIPvuMr
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'QEwW
Dr. Provisions RMB 3000000 ~~8?|@V
Cr. Cash in Bank RMB 2500000 } `X.^}oe
Cr. Non-operating Income RMB 500000 TbK;_
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Required: .}xF2'~E/
(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. 0 It[Pa qG
(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: 58v q5j<V
(a)Inventory Turnover Rate in 20×8; +{eZ@
(b)Gross Profit Ratio in 20×8; 0=WZ 8|R
(c)After Tax Return on Total Assets in 20×8; and /o/0 9K
(d)Current Ratio as at December 31, 20×8 7W7!X\0Y
(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. LTof$4s
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 vt(A?$j|A
以下是未经审计财务报表的部分信息: $qvk9 B0E
(单位:千元) FQ"
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项目 20×8 20×7 t;>"V.F<1
营业收入 64 000 48 000 @c>a
营业成本 54 000 42 000 |FR'?y1
净利润 30 -20 ?zS
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20×8年12月31日 20×7年12月31日 nVSuvq|S
存货 16 000 12 000 2r0u[
流动资产 60 000 50 000 UNoNsmP
总资产 100 000 90 000 uU|fCwQt
流动负债 20 000 18 000
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总负债 30 000 25 000 %-A #7\
在审计过程中,约翰发现以下事项: b*
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 4ONou&T
借:银行存款5 820 000 .q!U@}k.
财务费用 180 000 Q?1'
JF!G
贷:应收票据6 000 000 ]>:LHW
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: W5&;PkhQ6
借:营业外支出 3 000 000 @P$_2IU"
贷:预计负债 3 000 000 w
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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: ^")SU(`
借:预计负债 3 000 000 CyWaXp65
贷:银行存款 2 500 000 u lqh}Uv'
营业外收入 500 000 Os9;;^k
要求: |=xK-;qs
(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。 t V]BcDp
(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\!0V@$
(a)20×8年存货周转率 :(^,WOf
(b)20×8年销售毛利率 Dej2-Y
(c)20×8年总资产净利率 qaj~q(j~C
(d)20×8年12月31日的流动比率 z }t{bm
(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) D:r+3w:l]
【答案】 =Nc}XFq
(1)应选择营业收入作为计算重要性水平的基础。 SccaX
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 s}O9[_v
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 *8a8Ng
销售毛利率=(64000-54000)/64000×100%=15.63% XAnN<
总资产净利率=30/[(100000+90000)/2]=0.03% BB>R=kt
流动比率=60000/20000=3 J7p'_\
(3) RCgn\
a.应建议做如下审计调整分录: ;q3"XLV(T[
借:应收票据 6 000 000 2G(RQ\Ro*
贷:短期借款 5 820 000 9:]w|l
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财务费用 180 000 `Dn"<-9:
b.应建议做如下审计调整分录: O.9r'n4f
借:预计负债 3 000 000 [1 ?
贷:营业外支出 500 000 X}Oo5SNgff
其他应付款 2 500 000 nWyn}+C-