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)。 Kt*kARN?
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: "?n
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(Expressed in RMB thousands) *ujJpJZ2
FINANCLAL STATEMENTS ITEMS &`LR{7m
20×8 =3
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20×7 AK_,$'f
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Sales j0.E!8Ae{
64000 N2Qb+
48000 v~AD7k2{8
PFSh_9.q
Cost of sales twr-+rm2
54000 p`=v$_]?(
42000 JE=3V^k
=c34MY(#X
Net profit i[O{M`Z%
30 ~R*01AnZ
-20 }J0HEpn4
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{+CBThC
December 31, 20×8 87ptab@
December 31, 20×7 JF6=0
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Inventory \<kQ::o1y
16000 `Re{j{~s
12000 #J`MR05
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Current assets
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60000 jG^f_w
50000 3T)_(SM"
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Total assets R
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100000 :\cid]y3
90000 1F]jy
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Current liabilities gaC[%M
20000 j|DjO?._'
18000 Rz:1(^oA
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Total liabilities WCL#3uYk"
30000 Dk#4^`qp1
25000 &j!q9F
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mi5
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During the audit, John has the following findings: xDO1gnH%
(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: +&*Ybbhb
Dr. Cash in Bank RMB 5820000 Sh;Z\nj
Dr. Financial Expenses RMB 180000 Mq Q'Kjo
Cr. Notes Receivable RMB 6000000 ^EZ?wdL
(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: v:zKn[;o
Dr. Non-operating Expenses RMB 3000000 iNG =x
Cr. Provisions RMB 3000000 |,lw$k93
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 C)(/NGf
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ,wB)hp
Dr. Provisions RMB 3000000 YtFH@M
Cr. Cash in Bank RMB 2500000 ~aL&,0
Cr. Non-operating Income RMB 500000 /?B%,$~
Required: 9|x{z
(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. n,*E
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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: 30<3DA_P
(a)Inventory Turnover Rate in 20×8; 8<_dNt'91
(b)Gross Profit Ratio in 20×8; Nf1&UgX
(c)After Tax Return on Total Assets in 20×8; and +Cs.v.GA5
(d)Current Ratio as at December 31, 20×8 yGE)EBH
(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. @ev8"JZ1
【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。 (P|k$S?m
以下是未经审计财务报表的部分信息: CQ
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(单位:千元) 5-.{RU=
项目 20×8 20×7 !~!\=etm
营业收入 64 000 48 000 q?=_{oH9
营业成本 54 000 42 000 =(Pk7{
净利润 30 -20 ofy)}/i
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20×8年12月31日 20×7年12月31日 5z@QAQ
存货 16 000 12 000 iXD=_^^o .
流动资产 60 000 50 000 >d<tcaB
总资产 100 000 90 000 ey ?paT
流动负债 20 000 18 000 ]>oI3&6s
总负债 30 000 25 000 +1>\o|RF
在审计过程中,约翰发现以下事项: 9RmdQ]1n4
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: M <ccfU!
借:银行存款5 820 000 |l673FcJ
财务费用 180 000 %R@&8
贷:应收票据6 000 000 3 adF) mh
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: WF`
借:营业外支出 3 000 000 41#YtZ
贷:预计负债 3 000 000 22gh,e2o
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 2^ kK2D$o
借:预计负债 3 000 000 fk'DJf[M
贷:银行存款 2 500 000 n{E9p3i
营业外收入 500 000 @i=_y+|d_
要求: ~09k I
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(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。 o>MB8[r
(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: I
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(a)20×8年存货周转率 |6T"T P
(b)20×8年销售毛利率 tW=oAy
(c)20×8年总资产净利率 8c' 5P
(d)20×8年12月31日的流动比率 TF-a1z
(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) UmOK7SPi
【答案】 j38>5DM6L
(1)应选择营业收入作为计算重要性水平的基础。 gM_MK8py
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =:(<lKf,<F
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 mJa8;X!r6
销售毛利率=(64000-54000)/64000×100%=15.63% 2
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总资产净利率=30/[(100000+90000)/2]=0.03% ]6;oS-4gu?
流动比率=60000/20000=3 x_
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(3) :Nl.< 6+
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 O+PRP"$g"
贷:短期借款 5 820 000 A1/[3Bz
财务费用 180 000 jOU1F
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b.应建议做如下审计调整分录: $##LSTA
借:预计负债 3 000 000 uV\~2#o$_
贷:营业外支出 500 000 LhQidvCNJ
其他应付款 2 500 000 !Tu4V\^~A