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)。 Q1(4l?X@
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: -}RGz_LO/
(Expressed in RMB thousands) pz"}o#R"x
FINANCLAL STATEMENTS ITEMS 3teP6|K'g
20×8 \T?6TDZ]
20×7 >b8-v~o{
ADA}_|O
Sales 5+t$4N+P
64000 T-x
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48000 W*2P+H%
'ZAIe7i&
Cost of sales z~ua#(z1S
54000 E0.o/3Gw6
42000 >uFFTik
ssl.Y!
Net profit aJ[|80U
30 z Ece>=C
-20 (4/W)L$
u[nLrEnD
7v}(R:*
December 31, 20×8 9xeg,#1
December 31, 20×7 |gU)6}V@
&g]s@S|%
Inventory At&kW3(
16000 RL*b47,
12000 1!
5VWF0
Q'YakEv >=
Current assets VF
KFO9
60000 YUTI)&y
50000 2I7|hZ,
\5j#ad
Total assets T=CJUla
100000 Hxn#vAc
90000 Bve',.xH
tRNMiU
Current liabilities \uZ1Sl
20000 0D0uzUD-
18000 o
^ 08<
V5gr-^E
Total liabilities x+v&3YF
30000 @h(Z;
25000 3mL(xpT.8z
i?,\>LTG
# hw;aQ
During the audit, John has the following findings: +`!>lo{X
(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: "`h.8=-
Dr. Cash in Bank RMB 5820000 ^FZ9q
Dr. Financial Expenses RMB 180000 OyG2Ks"H
Cr. Notes Receivable RMB 6000000 *;Za))
(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: U|aEyMU
Dr. Non-operating Expenses RMB 3000000 'Z)#Sz Y
Cr. Provisions RMB 3000000 g'2}Y5m$`
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 "BIhd*K[~
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: V;gC[7H
Dr. Provisions RMB 3000000 %g69kizoWi
Cr. Cash in Bank RMB 2500000 )~IOsTjI
Cr. Non-operating Income RMB 500000 |hX\ep
Required: o\fPZ`p-m~
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. W*/2x8$d
(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: aO2zD<d
(a)Inventory Turnover Rate in 20×8; 9%riB/vkrF
(b)Gross Profit Ratio in 20×8; Z_>:p^id
(c)After Tax Return on Total Assets in 20×8; and ]C{N4Ni^Z
(d)Current Ratio as at December 31, 20×8 Tq?f5swsI
(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. @\+UTkl8
【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。 w}8=sw
以下是未经审计财务报表的部分信息: SZ:R~4 A
(单位:千元) #TcX5
项目 20×8 20×7 AdbTI#eY
营业收入 64 000 48 000 sXYXBX[
营业成本 54 000 42 000 R_2#7Xs
净利润 30 -20 V7vojm4O
0^6}
s1d_
20×8年12月31日 20×7年12月31日 99n;
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存货 16 000 12 000 >y
$*|V}k
流动资产 60 000 50 000 :*-O;Yw?S@
总资产 100 000 90 000 E!`/XB/nA
流动负债 20 000 18 000 4tSh.qBht
总负债 30 000 25 000 e0IGx]5i
在审计过程中,约翰发现以下事项: Z{2QDjAI;
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: /=QsZ,~xo
借:银行存款5 820 000 3TN'1D ei
财务费用 180 000 M7#CMLy
贷:应收票据6 000 000 &SPIu,
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: [C!m,4
借:营业外支出 3 000 000 y^ D3}ds
贷:预计负债 3 000 000 i%MR<M
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: SCjVzvG$yg
借:预计负债 3 000 000 Hi U/fi`
贷:银行存款 2 500 000 aHPx'R
营业外收入 500 000 Z/;hbbG
要求: (l/i#
(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。 \aN5:Yy
(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: .ts
XQf
(a)20×8年存货周转率 DLO#_t^v.
(b)20×8年销售毛利率 VeH%E.:
(c)20×8年总资产净利率 >b~Q%{1
(d)20×8年12月31日的流动比率 m"o=R\C
(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) (e9hp2m
【答案】 K3&k+~$
(1)应选择营业收入作为计算重要性水平的基础。 j`_Z`eG
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 0|{":i_s
(1'sBm7F
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ^}kYJvqA
销售毛利率=(64000-54000)/64000×100%=15.63% |=W>4>
总资产净利率=30/[(100000+90000)/2]=0.03% %v^qQWy=*
流动比率=60000/20000=3 \?^ EFA+;
(3) 1+l[P9?R[
a.应建议做如下审计调整分录: $>Gf;k
借:应收票据 6 000 000 Rli`]~!w
贷:短期借款 5 820 000 L>N)[;|
财务费用 180 000 r%LG>c`^
b.应建议做如下审计调整分录: [mF=<G"
借:预计负债 3 000 000 <!X]$kvG
贷:营业外支出 500 000 N8!e(YK_
其他应付款 2 500 000 S Z &[o&H