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)。 Bf_$BCyGW
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: I<SgKva;c
(Expressed in RMB thousands) {7o#Ve
FINANCLAL STATEMENTS ITEMS v*;d
20×8 /r}L_w
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20×7 G=dzP}B'WA
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Sales &y[NCAeA
64000 }x8!{Y#cF
48000 lOIk$"Ne
ao(T81
Cost of sales +SJ.BmT
54000 ~5 ^Jv m
42000 9g9 2eKS
|(7}0]BP0
Net profit OWd
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30 !e$gp(4
-20
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K
UZZJtQt
December 31, 20×8 ~%{2Z_t$
December 31, 20×7 0mw1CUx9K
c:[k+_Zr
Inventory '<Z[e`/
16000 74s{b]jN'-
12000 }5 o?7}?
pYO =pL^Q
Current assets }d$-:l,w
60000 8*ZsR)!
50000 _ k-_&PR
8hRcB[F~S
Total assets Lu.zc='\
100000 nHK(3Z4G
90000 q5'S<qY^
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Current liabilities {.Tx70kn
20000 \l+v,ELX=
18000 %pWn9
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Total liabilities >J"IN I
30000 GAGS-G#
25000 |rm elQ-
qA*~B'
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During the audit, John has the following findings:
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: LiJYyp
Dr. Cash in Bank RMB 5820000 Bous d
Dr. Financial Expenses RMB 180000 9tiZIm93]
Cr. Notes Receivable RMB 6000000 |diI(2w
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: P<<$o-a"
Dr. Non-operating Expenses RMB 3000000 .RQra+up
Cr. Provisions RMB 3000000 ]5!3|UYS
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 lFBdiIw
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: [m~J6WB
Dr. Provisions RMB 3000000 ?vXgHDs^T
Cr. Cash in Bank RMB 2500000 _0/unJl`
Cr. Non-operating Income RMB 500000 XN<SKW(H3
Required: A2
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(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. tRjv-
(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: "CJVtO
(a)Inventory Turnover Rate in 20×8; sJHVnMA
(b)Gross Profit Ratio in 20×8;
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(c)After Tax Return on Total Assets in 20×8; and
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(d)Current Ratio as at December 31, 20×8 ^@fD{]I
(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. 9u=A:n\
【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^bAO-d#
以下是未经审计财务报表的部分信息: 4vhf!!1
(单位:千元) Y$'j9bUJ
项目 20×8 20×7 oqrx7+0{
营业收入 64 000 48 000 f}otIf
营业成本 54 000 42 000 y]9R#\P/
净利润 30 -20 ttP7-y
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20×8年12月31日 20×7年12月31日 /\J0)V
存货 16 000 12 000 XcR=4q|7
流动资产 60 000 50 000 6Yai?*.Q
总资产 100 000 90 000 ]4:QqdV
流动负债 20 000 18 000 K7}.# *% ~
总负债 30 000 25 000 Mw[3711v
在审计过程中,约翰发现以下事项: Y2|i> 5/|<
(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:
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借:银行存款5 820 000 &AiAd6
财务费用 180 000
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贷:应收票据6 000 000 a`O'ZY
(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: U)}]Z@I-
借:营业外支出 3 000 000 ~id6^#&>
贷:预计负债 3 000 000 q'D Ts9Bj
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: XM'tIE+|
借:预计负债 3 000 000 *PmZqe
贷:银行存款 2 500 000 p1N}2]e
营业外收入 500 000 =NB[jQ :(
要求: -jH|L{Iyq}
(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。 $b8[/],
(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: y6(PG:L
(a)20×8年存货周转率 :e<jD_.X
(b)20×8年销售毛利率 NAYLlW}A
(c)20×8年总资产净利率 x}G:n[B7_V
(d)20×8年12月31日的流动比率 _!xrBdaJ
(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) g 9,"u_
【答案】 j^G=9r[,
(1)应选择营业收入作为计算重要性水平的基础。 v^"\e&XL
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Tigw+2
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 )~2\4t4|g
销售毛利率=(64000-54000)/64000×100%=15.63% z} fpV T
总资产净利率=30/[(100000+90000)/2]=0.03% Q14zc0N
流动比率=60000/20000=3 ^[<BMk
(3) W"\~O"a
a.应建议做如下审计调整分录: BabaKSm}LP
借:应收票据 6 000 000 6w.E Sm
贷:短期借款 5 820 000 M/ S~"iD
财务费用 180 000 /wDf,Hduz
b.应建议做如下审计调整分录: /=2aD5r
借:预计负债 3 000 000 --h\tj\U
贷:营业外支出 500 000 Yf0 KG
其他应付款 2 500 000 mK:gj&N7X|