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)。 (DQ ]58&
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: aZ'(ar:
(Expressed in RMB thousands) x/L(0z
FINANCLAL STATEMENTS ITEMS y=&^=Zh[
20×8 W`F?j-4
20×7 }B`T%(11=
|>/m{L[
Sales /_mU%fl
64000 +>QD4z#
48000 19;Pjo8
('6sW/F*ab
Cost of sales
R*O<
(
54000 |"+UCAU
42000 .#{m1mr
$u cmE
Net profit |xFSGrC
30 YP`/dX"4
-20 ,uL}O]L
bScW<DZJ-
Ay|K>
8z
December 31, 20×8 `zOn(6B;U
December 31, 20×7 Z#zXary5s
(9KiIRN
Inventory WesEZ\V
16000 BnU3oP
12000 X\1.,]O >
Yan,Bt{YJ
Current assets #{g6'9PMz
60000 jm0v=m7
50000 {ewo-dva
(/jZ&4T
Total assets )sLXtV)nm6
100000 '8c-V aa
90000 Gj&`+!\
qS[KB\RN1
Current liabilities fjLS_Q
;h
20000 s:*" b'
18000 ]SL0Mn g8
J0UF(
Total liabilities H'?dsc
30000 "qhQJql
25000 XXy&1C
7gQ2dp
\@$V^;OP/
During the audit, John has the following findings: -Q"
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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: \
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Dr. Cash in Bank RMB 5820000 N*'d]P2P`J
Dr. Financial Expenses RMB 180000 ?@H/;hB[|
Cr. Notes Receivable RMB 6000000 ;oWak`]f
(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: \*\ )zj*r
Dr. Non-operating Expenses RMB 3000000 l{t!
LTf;
Cr. Provisions RMB 3000000 [4b_`L
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 "f4atuuXa
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: ]dL#k>$0q
Dr. Provisions RMB 3000000 .Lp\Jyegs
Cr. Cash in Bank RMB 2500000 6XI$ o,{
Cr. Non-operating Income RMB 500000 Lz=GA?lk[\
Required: I5#zo,9
(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. 6$
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(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%%OgO+>
(a)Inventory Turnover Rate in 20×8; o,_R;'\E[a
(b)Gross Profit Ratio in 20×8; L~HL*~#d
(c)After Tax Return on Total Assets in 20×8; and CDT3&N1'R
(d)Current Ratio as at December 31, 20×8 H",q-.!
(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. ?U(`x6\:
【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。 KVp3pUO
以下是未经审计财务报表的部分信息: {xCqz0
(单位:千元) :NXM.@jJ="
项目 20×8 20×7 f~{4hVA
营业收入 64 000 48 000 R_B`dP<"~Y
营业成本 54 000 42 000 {J]x81}*;
净利润 30 -20 M1J77LfS8
=v7%IRP5
20×8年12月31日 20×7年12月31日 M`tNYs]V
存货 16 000 12 000 rfYFS96
流动资产 60 000 50 000 b
9 TsuY
总资产 100 000 90 000 YxWA]
yL
流动负债 20 000 18 000 +K7oyZg
总负债 30 000 25 000 0
![
在审计过程中,约翰发现以下事项: %OAvhutS
(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: 5'S~PQka*
借:银行存款5 820 000 ev9ltl{
财务费用 180 000 L(DDyA{bA
贷:应收票据6 000 000 Q$8K-5U%
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: d'2q~
借:营业外支出 3 000 000
lFbf9s:$B
贷:预计负债 3 000 000 /7hC
/!@
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: ;l
c/FV[/
借:预计负债 3 000 000 Q[MWzsx
贷:银行存款 2 500 000 ;ji["b
营业外收入 500 000 S94S[j0D
要求: 1XJLGMW,
(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。 DgODTxiX
(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: I6rB_~]h
(a)20×8年存货周转率 WFG`-8_e[I
(b)20×8年销售毛利率 KYR64[1
(c)20×8年总资产净利率 YK )e
(d)20×8年12月31日的流动比率 D
]G=sYt
(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) 9;R'Xo=y
【答案】 G1G*TSf
(1)应选择营业收入作为计算重要性水平的基础。 FS7@6I2Ts
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 u:M)JG
/<Yz;\:Jy
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Zk>#T:{h
销售毛利率=(64000-54000)/64000×100%=15.63% C^*3nd3
总资产净利率=30/[(100000+90000)/2]=0.03% VRD:PVz
流动比率=60000/20000=3 mY&(&'2T"
(3) nWFU8u%
a.应建议做如下审计调整分录: lky5%H
借:应收票据 6 000 000 Sd+bnq%
贷:短期借款 5 820 000 XB;C~:
财务费用 180 000 ?<STl-]&
b.应建议做如下审计调整分录: qaiR329fx
借:预计负债 3 000 000 PDkg@#&y,k
贷:营业外支出 500 000 q6EZ?bo{
其他应付款 2 500 000 q}cm"lO$