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)。 7q 5 \]J[
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: %Wm)
(Expressed in RMB thousands) EZVgTySd
FINANCLAL STATEMENTS ITEMS
rf 60'
20×8 ^vv1cft
20×7 TEGg)\+D>
O3d
Qno
Sales tNOOaj9mw
64000 UF\k0oLz
48000 Lpnw(r9Y
Fo5UG2E&
Cost of sales /QCg E~
54000 u[4h|*'"|
42000 a@9W'/?igk
C43I(.2g
Net profit OwgPgrV
30 sya!VF]`
-20 mi5bk>o
Jy[rA<x$
E@l@f
December 31, 20×8 Zs;c0T">
December 31, 20×7 hYA1N&yz@
q1 BpE8
Inventory _{}^]ZB
16000 .<YfnW5/K
12000 -]YsiE?r
a
W;)-0+
Current assets h+cOOm-)
60000 )(1tDQ`L>
50000 74(bo\
*+2BZZwT
Total assets Gg:W%
100000 y]!mN
90000 W>,D$
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Current liabilities B[f:T%
20000 Wh"xt:
18000 C nD3%%
up~p_{x)Q
Total liabilities v0;dk(
30000 dDA&\BuS
25000 y.gNjc
8Bxb~*
s%m?Yh3
During the audit, John has the following findings: 7E?60^Tve
(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: 3.=o }!
Dr. Cash in Bank RMB 5820000 WS1Y maV
Dr. Financial Expenses RMB 180000 !HW?/-\,O
Cr. Notes Receivable RMB 6000000 e;"%h
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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: f,3K;S-he:
Dr. Non-operating Expenses RMB 3000000 |y?W#xb
Cr. Provisions RMB 3000000 6pZ/C<Y|W
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 q%1B4 mF'
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: 8)b*q\O'
Dr. Provisions RMB 3000000 k^s7s{
Cr. Cash in Bank RMB 2500000 }Py Z{yS
Cr. Non-operating Income RMB 500000 u=#_8e(9Z
Required: iRv\:.aQ.
(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. 3#F"UG2,_
(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: [W
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(a)Inventory Turnover Rate in 20×8; wNh\pWA
(b)Gross Profit Ratio in 20×8; Gq?>Bi;`
(c)After Tax Return on Total Assets in 20×8; and 7L]Y.7>
(d)Current Ratio as at December 31, 20×8 78]( ZYJV
(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. C6D
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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。 92*"3)
以下是未经审计财务报表的部分信息: k4"O}jQO
(单位:千元) `#j;
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项目 20×8 20×7 u1Wixjd|
营业收入 64 000 48 000 BG]|iHi
营业成本 54 000 42 000 nv:VX{%
净利润 30 -20 Of<Vr.m{R
SK
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20×8年12月31日 20×7年12月31日 CzmB76zy.
存货 16 000 12 000 f4|ir3oy
流动资产 60 000 50 000 _M- PF$
总资产 100 000 90 000 """eU,"
流动负债 20 000 18 000 0F&(}`V
总负债 30 000 25 000 8` WaUB%
在审计过程中,约翰发现以下事项: id1gK(F8H
(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: Cv]$w(k
借:银行存款5 820 000 2 rS`ViicD
财务费用 180 000 N_VWA.JHt
贷:应收票据6 000 000 irGgo-x
(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: 0j' Xi_uM
借:营业外支出 3 000 000 )hfI,9I~
贷:预计负债 3 000 000 -}H
EV#ev
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: bp P
3#~
K
借:预计负债 3 000 000 In#m~nE[M
贷:银行存款 2 500 000 AUr~b3< 6
营业外收入 500 000 Z.U8d(
要求: d{]2Q9g
(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。 v%E!
(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: .wQM_RZJ
(a)20×8年存货周转率 MQo/R,F }
(b)20×8年销售毛利率 }eLth0d`'o
(c)20×8年总资产净利率 [|L~" BB
(d)20×8年12月31日的流动比率 qtS+01o
(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) C4eQ.ep
【答案】 $# J
(1)应选择营业收入作为计算重要性水平的基础。 6CNxb
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 XILreATK@
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 9XN/
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销售毛利率=(64000-54000)/64000×100%=15.63% VyOpPIP
总资产净利率=30/[(100000+90000)/2]=0.03% l3YS_WBSn
流动比率=60000/20000=3 ;2,Q:&`
(3) l}9E0^AS
a.应建议做如下审计调整分录: ()(/
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借:应收票据 6 000 000 QbEb}
Jt
贷:短期借款 5 820 000 Q^oB`)k
财务费用 180 000 4@Xd(F_d
b.应建议做如下审计调整分录: OZ Hfd7K4A
借:预计负债 3 000 000 2zbV9Bhq
贷:营业外支出 500 000 `4t*H>:y
其他应付款 2 500 000 A04E <nr