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)。 m.>y(TI
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: 8@BN
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(Expressed in RMB thousands) ~MZ.988:<
FINANCLAL STATEMENTS ITEMS c7/fQc)h4d
20×8 j WerX -$
20×7 y3NMt6
X{;3gN
Sales 42 &m)
64000 'H)l~L
48000 .6y(ox|LL
E@S5|CM
Cost of sales q-nM]Gm
54000
o>ZlA3tv
42000
!_LRuqQ?"
hxj[gE'R(
Net profit KI8Q
=*
30 m|cT)-
-20 f*GdHUZ*
YLe$Vv735
he1OLk
December 31, 20×8 O-YB+~"3Z
December 31, 20×7 I
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A]mXV4RmI
Inventory e!|T Tap
16000 P1}Fn:Xe%7
12000 CsW*E,|xyP
/b~|(g31"
Current assets xN]88L}Tn
60000 x $=-lB
50000 +]N PxUa
Q.`O;D}x
Total assets :Y
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100000 eWwI@ASaA
90000 -~
5|_G2Y"
qra5&Fvb
Current liabilities VS_xC$X!S
20000 @&E{
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18000 X4}Lg2ts
mtu`m6Xix
Total liabilities K/+w6d
30000 F3V_rE<
25000 .j_YVYu1&
ILq"/S.
Xv1mjHZCC
During the audit, John has the following findings: _'47yq^O
(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: f;PvXq<
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Dr. Cash in Bank RMB 5820000 om'DaG`A
Dr. Financial Expenses RMB 180000 0(~,U!g[=
Cr. Notes Receivable RMB 6000000 STH?X]
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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: .}zpvr8YP
Dr. Non-operating Expenses RMB 3000000 K=mW`XXup
Cr. Provisions RMB 3000000 Z )f\^
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 <!M ab}
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: 9x0Ao*D<t
Dr. Provisions RMB 3000000 ^@0-E@ {c
Cr. Cash in Bank RMB 2500000 $Q!J.}P@
Cr. Non-operating Income RMB 500000 auP6\kpMe
Required: G>fJ)A
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ]Y@ia]x&P
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: X#!oG)or
(a)Inventory Turnover Rate in 20×8; xX]92Q
(b)Gross Profit Ratio in 20×8; (e$/@3*
(c)After Tax Return on Total Assets in 20×8; and 4 9zOhG
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(d)Current Ratio as at December 31, 20×8 dJ0qg_ U&
(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. j*a
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【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。 ZT;:Hxv0N
以下是未经审计财务报表的部分信息: 8=h$6=1S
(单位:千元) 7f9i5E1
项目 20×8 20×7 /K./k!'z
营业收入 64 000 48 000 %7*Y@k-)o
营业成本 54 000 42 000 &J~%Nt
净利润 30 -20 #r4S%
p&%M=SzN
20×8年12月31日 20×7年12月31日 ix=H=U]Q{
存货 16 000 12 000 }4n?k'_s?
流动资产 60 000 50 000 uBe1{Z
总资产 100 000 90 000 cPgz?,hE
流动负债 20 000 18 000 wEImpsC`
总负债 30 000 25 000 /:j9#kj
在审计过程中,约翰发现以下事项: pWwB<F
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: !Y3
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借:银行存款5 820 000 oqOXRUy
财务费用 180 000 r ]cC4%in
贷:应收票据6 000 000 D|1pBn.b]'
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: #
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借:营业外支出 3 000 000 H' [#x2
贷:预计负债 3 000 000 p|D-ez8
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: L8FLHT+R-
借:预计负债 3 000 000 1JU1X
Qi
贷:银行存款 2 500 000 kM`!'0kt
营业外收入 500 000 lTh}0t
要求: O!(FNv0
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ?OU+)kgzh
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: mQOYjy3
(a)20×8年存货周转率 ,DT=(
(b)20×8年销售毛利率 ]eJjffx
(c)20×8年总资产净利率 f;(]P
(d)20×8年12月31日的流动比率 ]c8O"4n
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(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) H...!c1M@
【答案】 }Dig'vpMx
(1)应选择营业收入作为计算重要性水平的基础。 I+Q`i:\,q
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 2_ x~y|<9
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 @a1+
销售毛利率=(64000-54000)/64000×100%=15.63% l|[8'*]r!
总资产净利率=30/[(100000+90000)/2]=0.03% OudD1( )W
流动比率=60000/20000=3 Qhd~4
(3) Z81{v<c;
a.应建议做如下审计调整分录: o'3t(dyyH
借:应收票据 6 000 000 [p+h b
贷:短期借款 5 820 000 o6$Q>g`]
财务费用 180 000 43mV ~Oj
b.应建议做如下审计调整分录: &S.zc@rN
借:预计负债 3 000 000 \@kY2,I V
贷:营业外支出 500 000 nJTV@mXVq
其他应付款 2 500 000 aQ ~