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)。 +ls *04
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: ]lQhIf6)k
(Expressed in RMB thousands) ,a$LT
FINANCLAL STATEMENTS ITEMS G7%Nwe~Y
20×8 (U!WD`Ym
20×7 PKdM-R'Z
Js^ADUy
Sales !SiZA"
64000 TKoO\
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48000 D6bCC;
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2c0eh-Gf
Cost of sales xkUsZ*X8B
54000 f(D?g
42000 M P0ww$(
_sZ/tU@_-K
Net profit BT d$n!'$n
30 *PL+)2ob
-20 'r1&zw(
Fhxg^
S)g5Tu)
December 31, 20×8 _z,/!>J
December 31, 20×7 .h~)|"uzW
jGI!}4_
Inventory s_`wLQ7e
16000 MB^b)\X
12000 y*Ex5N~JC
5Odi\SJ&
Current assets ^Po\:x%o
60000 JEJ]'3
50000 Y ;&Cmi
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Total assets qf2
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100000 7
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90000 webT
n=rPFpRLF
Current liabilities Fdc bmQ
20000 e5`{*g$i).
18000 >@H:+0h-
9Eg'=YJ
Total liabilities f_raICO{R
30000 oVC~RKA*
25000 I|WBT
vNE91
NTAPx=!1*
During the audit, John has the following findings: kP8Ypw&
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: OY"{XnPZ
Dr. Cash in Bank RMB 5820000 X*S|aNaLWW
Dr. Financial Expenses RMB 180000 9QY)<K~a
Cr. Notes Receivable RMB 6000000 gN mp'Lm
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: [FyE{NfiJ%
Dr. Non-operating Expenses RMB 3000000 6"_FjS3Sl
Cr. Provisions RMB 3000000 n4Q!lJ
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 !xe<@$
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: |_O; U=2
Dr. Provisions RMB 3000000 *"9b?`E
Cr. Cash in Bank RMB 2500000 mGL%<4R,
Cr. Non-operating Income RMB 500000 w:N\]=Vh
Required: _V8pDcY
(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. W4>8
(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:
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(a)Inventory Turnover Rate in 20×8; \f{C2d/6j
(b)Gross Profit Ratio in 20×8; nHT2M{R
(c)After Tax Return on Total Assets in 20×8; and 6"A|)fz
(d)Current Ratio as at December 31, 20×8 ?"sk"{
(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.
2!" N9Adt
【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。 X0U{9zP
以下是未经审计财务报表的部分信息: $,h*xb.
(单位:千元) Mw+]*
项目 20×8 20×7 WfO6Fvx%
营业收入 64 000 48 000 ~@sx}u
营业成本 54 000 42 000 26\1tOj Np
净利润 30 -20 Sm
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20×8年12月31日 20×7年12月31日 T+2?u.{I
存货 16 000 12 000 gCwg ;c-
流动资产 60 000 50 000 p=7kFv
总资产 100 000 90 000 "&C'K
流动负债 20 000 18 000 {kZhje^$vi
总负债 30 000 25 000 XM8C{I1
在审计过程中,约翰发现以下事项: 40q8,M
(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: o'D6lkf0
借:银行存款5 820 000 $> #PhOC
财务费用 180 000 ADHe![6q
贷:应收票据6 000 000 6o,,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: a(BC(^1!
借:营业外支出 3 000 000 k`TEA?RfQ
贷:预计负债 3 000 000 (mz a&WF7
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: M}@^8
借:预计负债 3 000 000 teM&[U
贷:银行存款 2 500 000 Ye1P5+W(
营业外收入 500 000 b/S4b
要求: Rmd;ug9
(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。 ZC0F:=/K
(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: <y`yKXzBUV
(a)20×8年存货周转率 XPX{c|]>.
(b)20×8年销售毛利率 JQbI^ef_;
(c)20×8年总资产净利率 B VPf8!-
(d)20×8年12月31日的流动比率 \8F$85g
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ,P9B8oIq
【答案】 LW,!B.`@
(1)应选择营业收入作为计算重要性水平的基础。 t/q\Ne\\,
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Gm.v-T$
x{ZcF=4
(2)存货周转率=54 000/[(16000+12000)/2]=3.86
?f &*mp
销售毛利率=(64000-54000)/64000×100%=15.63% &|9?B!,`
总资产净利率=30/[(100000+90000)/2]=0.03% $'[(
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流动比率=60000/20000=3 rU'&o) a^
(3)
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a.应建议做如下审计调整分录: AY *
借:应收票据 6 000 000 :Eob"WH
贷:短期借款 5 820 000 ;l?>+m@H
财务费用 180 000 Bpqq-_@
b.应建议做如下审计调整分录: =@ON>SmPs
借:预计负债 3 000 000 F]YPq
贷:营业外支出 500 000 ,~G[\2~p
其他应付款 2 500 000 \>jK\j