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)。 @(``:)Z<b
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.r@<)S
(Expressed in RMB thousands) 1xNVdI
FINANCLAL STATEMENTS ITEMS 9n]|PEoAB
20×8 M/D)".;
20×7 `D(
xv
~cAZB9Fa
Sales +
eQ
e%U
64000 "o!{51!'
48000 Y /TlE?
5
lKJll^2:
Cost of sales MJ<Jb ,D1
54000 )o1eWL}
42000 o{v&.z
&WXY 'A=
Net profit A|#`k{+
1-
30 V{-AP=C7
-20 fjo{av~]y
_s,ao'/
=M 6[URZ
December 31, 20×8 TG48%L
December 31, 20×7 v4Zb?
Yb
n>,L=wV
Inventory 6[qA`x#
16000 >$67 7
12000 w"m+~).U
)/ Ud^wi
Current assets CD j~;$[B
60000 dCYCHHHF
50000 QR?yG+VU
Mvj;ic6iK
Total assets -b&{+= ^c
100000 cxeghy:;U
90000 pD"
vRbYF
zo{/'BnU
Current liabilities I:&/`K4,x,
20000 ,y`CRlr:
18000 aIy*pmpD=
m8Vdb"0
Total liabilities lLq<x
f
30000 Z#d
&|5Xj
25000 zr v]
.D,p@4
{yAL+}
During the audit, John has the following findings: <^.=>Q0S\
(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: !2\ r LN
Dr. Cash in Bank RMB 5820000 z@|dzvjl
Q
Dr. Financial Expenses RMB 180000 ^Jp&H\gI.
Cr. Notes Receivable RMB 6000000 2Q7R6*<N:
(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=GWq(S6
Dr. Non-operating Expenses RMB 3000000 Tl]e%A`|
Cr. Provisions RMB 3000000 l}^3fQXI
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =.<@`1
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: wZT%Ee\D%
Dr. Provisions RMB 3000000 w1x"
c>1C
Cr. Cash in Bank RMB 2500000 5la>a}+!!h
Cr. Non-operating Income RMB 500000 2=0DCF;Bv
Required: XLk<*0tp
(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. @[<nQZw:
(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: MfO:m[s
(a)Inventory Turnover Rate in 20×8; f|A
riM
(b)Gross Profit Ratio in 20×8; U/ V
(c)After Tax Return on Total Assets in 20×8; and Ft=zzoVKg
(d)Current Ratio as at December 31, 20×8 _cTh#t ^
(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. {_N,=DQ!
【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#%/s?_>.
以下是未经审计财务报表的部分信息: JTqDr
(单位:千元) +;BAV
项目 20×8 20×7 t-
u VZ!`\
营业收入 64 000 48 000 \]Kh[z0"
营业成本 54 000 42 000 Ng><n}
净利润 30 -20 8,D 2^Gg
I
+5)Jau^S
20×8年12月31日 20×7年12月31日 -50HB`t
存货 16 000 12 000 %98' @$:0
流动资产 60 000 50 000 k 4/D8(OXw
总资产 100 000 90 000 ^L1L=c;,
流动负债 20 000 18 000 AWjJ{#W>9
总负债 30 000 25 000 AT2v!mNyCw
在审计过程中,约翰发现以下事项: 2Y}?P+:%>
(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: #Lsnr.80
借:银行存款5 820 000 :(d
HY
财务费用 180 000 rWys'uc
贷:应收票据6 000 000 OJT1d-5p
(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: 7*j
(
*
借:营业外支出 3 000 000 rn DCqv!'P
贷:预计负债 3 000 000 ?oZR.D|SZ
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: QY/hI`
借:预计负债 3 000 000 tMj;s^P1
贷:银行存款 2 500 000 i|
\6JpNA:
营业外收入 500 000 *vgl*k?)
要求: kdz=ltw
(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。 hLJM%on
(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: yJuQ8+vgR}
(a)20×8年存货周转率 Yw _+`,W
(b)20×8年销售毛利率 ^@P1
JNe
(c)20×8年总资产净利率 XxHx:mi
(d)20×8年12月31日的流动比率 }:: S0l
(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) _'4
A|-9
【答案】 xw{-9k-~
(1)应选择营业收入作为计算重要性水平的基础。 ]# t6Jwk
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 |+ N5z
Bwr3jV?S
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 y(R?
,wa=]
销售毛利率=(64000-54000)/64000×100%=15.63% Va Z!.#(P
总资产净利率=30/[(100000+90000)/2]=0.03% f}guv~K
流动比率=60000/20000=3 H
M>lg`S
(3) <Q|d&vDVfV
a.应建议做如下审计调整分录: W\1i,ew>
借:应收票据 6 000 000 =b;>?dP
贷:短期借款 5 820 000 Vcd.mE(t%
财务费用 180 000 Gm*X'[\DD
b.应建议做如下审计调整分录: 2Q;9G6p
借:预计负债 3 000 000 e1//4H::t
贷:营业外支出 500 000 +C7 ~b~ %
其他应付款 2 500 000 !4] 9!<.k