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)。 UMR0S5`}
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: Z7RGOZQ}G
(Expressed in RMB thousands) =H6"\`W
FINANCLAL STATEMENTS ITEMS jqq96hP,
20×8 z-fP#.
20×7 3 EH/6
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Sales <>/0;J1<
64000 t"M&Yy
48000 )W9W8>Cc5_
5=%:CN!/@p
Cost of sales !|6M ,Rk_
54000 P#-9{T
42000 \Z9+U:n
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Net profit {^>dQ+S x7
30 ucP
}( $
-20 r&sm&4)p-5
z%cq%P8g
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December 31, 20×8 -w
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December 31, 20×7 %^){Z,}M}
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Inventory !G E-5 \*
16000 c{4C4
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12000 :*
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l>K z5re^
Current assets
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60000 LWgYGXWT"
50000
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Total assets 0'u2xe
100000 1L722I@
90000 5dc24GB>_
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Current liabilities ZuZe
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20000 h+EG)
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18000 Wr+?ul*_
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Total liabilities df@I C@`pB
30000 7A0D[?^xe
25000 {pJ{UJKv?
y4* }E
p)l >bC?3
During the audit, John has the following findings: 7"}<J7"})
(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: =xwA'D9]
Dr. Cash in Bank RMB 5820000 ;/gH6Z?
Dr. Financial Expenses RMB 180000 s5{N+O)~S
Cr. Notes Receivable RMB 6000000 cHN
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(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: E}eu]2=nU}
Dr. Non-operating Expenses RMB 3000000 pw;
Cr. Provisions RMB 3000000 ]pUf[^4
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 /C)mx#h]
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: Y rq-(
Dr. Provisions RMB 3000000 ?kBi9^)N4
Cr. Cash in Bank RMB 2500000 .xJW=G{/
Cr. Non-operating Income RMB 500000 Qw>ftle
Required: 9WN4eC$
(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. 1=LI))nV
(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: Q}ebw
(a)Inventory Turnover Rate in 20×8; vY|{CBGbd
(b)Gross Profit Ratio in 20×8; eu!B
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(c)After Tax Return on Total Assets in 20×8; and ^R\et.W`s
(d)Current Ratio as at December 31, 20×8
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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. z'cVq}vl
【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。 T)%34gN
以下是未经审计财务报表的部分信息: [k~V77w
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(单位:千元) s7j#Yg
项目 20×8 20×7 OsS5WY0H
营业收入 64 000 48 000
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营业成本 54 000 42 000 6ww4ZH?j
净利润 30 -20 6J/"1_
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20×8年12月31日 20×7年12月31日 PF$K> d
存货 16 000 12 000 OV
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流动资产 60 000 50 000 RmXC
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总资产 100 000 90 000 ?-"xP'#
流动负债 20 000 18 000 }bj
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总负债 30 000 25 000 Q-<,+[/
在审计过程中,约翰发现以下事项: :e9}k5kdk
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ^`0^|u=
借:银行存款5 820 000 29:1crzx~
财务费用 180 000 6Y!hz7
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贷:应收票据6 000 000 xw?Mc{w
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ?.E ixGzI^
借:营业外支出 3 000 000
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贷:预计负债 3 000 000 "Mt4~vy
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: SplE
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借:预计负债 3 000 000 8m? 9?OV5
贷:银行存款 2 500 000 N}ur0 'J0
营业外收入 500 000 l2>ka~
要求: (r8R
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 }e}J6[wP
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: G$X+g{
(a)20×8年存货周转率 rn1^6qy)
(b)20×8年销售毛利率 hoy+J/
(c)20×8年总资产净利率 F$TNYZ
(d)20×8年12月31日的流动比率 tvNh@it:F
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) H|a9};pO\
【答案】 j$Ttoo
(1)应选择营业收入作为计算重要性水平的基础。 :',.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。 XXuIWIhm
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 6"+/Imb-
销售毛利率=(64000-54000)/64000×100%=15.63% #=)(t${7'
总资产净利率=30/[(100000+90000)/2]=0.03% JffjGf-o
流动比率=60000/20000=3 ~udi=J|
(3) A?l.(qGC_
a.应建议做如下审计调整分录: L<HJ!
借:应收票据 6 000 000 c^^[~YWj
贷:短期借款 5 820 000 ]y*AA58;
财务费用 180 000 U68o"iE
b.应建议做如下审计调整分录: U\N|hw#f!!
借:预计负债 3 000 000 H{*~d+:ol
贷:营业外支出 500 000
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其他应付款 2 500 000 BE
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