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)。 )KZMRAT-
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: TV{GHB!p"
(Expressed in RMB thousands) ElO|6kOBYG
FINANCLAL STATEMENTS ITEMS )>@S8v,(
20×8 t/|0"\ p
20×7 9'MGv*Ho
kcS7)"/ zC
Sales YsmRY=3
64000 +4yre^gC
48000 h,/Aq
"Enb
Cost of sales ("U<@~
54000 1!uBzO6/$
42000 O Z
./suR)
E{
/,
b)
Net profit suE K;Bk9
30 X>I3N?5
-20 WK|5:V8E
TcZ.5Oe6h#
n/KO{:
December 31, 20×8 E#!N8fQ
December 31, 20×7 [!uzXVS3
1Uup.(
Inventory cWW?@_
16000 izP)t
12000 (dlp5:lQz
gnJ8tuS
Current assets b8K]>yDAh
60000 @gN"Q\;F
50000 s)Y1%#
1L,L/sOwB&
Total assets ZLjAhd)
100000 !.P||$x`&
90000 0?54 8yH
(MLcA\LJ
Current liabilities t:2DB)
20000 W
^'|{9&m
18000 3sr_V~cZ9
V'9.l6l
Total liabilities prZ
,4\
30000 qyM/p.mP
25000 \3hA_{ w
Qvp"gut)%X
#@FA=p[%
During the audit, John has the following findings: ?^voA.Bv<
(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: #*bmwb*i
Dr. Cash in Bank RMB 5820000 P<g(i 6]
Dr. Financial Expenses RMB 180000 F85_Lz4
Cr. Notes Receivable RMB 6000000 f<8Hvumw
(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: l cl|o3yQ
Dr. Non-operating Expenses RMB 3000000 v+LJx
Cr. Provisions RMB 3000000 "{~5QO
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 `X<B+:>v-
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: jn^X{R\
Dr. Provisions RMB 3000000 JP4DV=}L
Cr. Cash in Bank RMB 2500000 * zp tbZ
Cr. Non-operating Income RMB 500000 t5{P'v9J
Required: uHU@j(&c
(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. Ef] Hpjvp
(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: e|Ri
(a)Inventory Turnover Rate in 20×8; oPi>]#X
(b)Gross Profit Ratio in 20×8; w(@r-2D"
(c)After Tax Return on Total Assets in 20×8; and J+/}m}bx
(d)Current Ratio as at December 31, 20×8 G(t:s5:
(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. x3ZF6)@
【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。 .D W>c
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以下是未经审计财务报表的部分信息: R!dC20IMvH
(单位:千元) )R7Sh51P
项目 20×8 20×7 ! AwMD
营业收入 64 000 48 000 D[+LU(
营业成本 54 000 42 000 PCl5,]B}
净利润 30 -20 dJR[9T_OF
s#Dj>Fej
20×8年12月31日 20×7年12月31日 L('1NN2
存货 16 000 12 000 Et3]n$
流动资产 60 000 50 000 HAn{^8"@
总资产 100 000 90 000 f=^xU
P
流动负债 20 000 18 000 E7$&:xqx
总负债 30 000 25 000 mGE!,!s}
在审计过程中,约翰发现以下事项: -,")GA+[7
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: F
CYGXtc
借:银行存款5 820 000 2u$-(JfoS
财务费用 180 000 W{;Qi&^ca
贷:应收票据6 000 000 cUq]PC$|
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: \\S
QACN
借:营业外支出 3 000 000 e \Qys<2r
贷:预计负债 3 000 000 !R8%C!=a
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: _r-LX"
借:预计负债 3 000 000 v_XN).f;
贷:银行存款 2 500 000 m]jA(
营业外收入 500 000
^xHKoOTj[
要求: }r,M(Zr
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 7i($/mNl
(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: "L2*RX.R
(a)20×8年存货周转率 aMI;;iL^
(b)20×8年销售毛利率 dWd%>9}
(c)20×8年总资产净利率 AQZ<,TE0,
(d)20×8年12月31日的流动比率 vgeqH[:
(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) ^BF}wQb:j
【答案】 4K^cj2X
(1)应选择营业收入作为计算重要性水平的基础。 7wj2-BWa
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Ql{#dcR
x
SrKitSG
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >SXSrXyYX
销售毛利率=(64000-54000)/64000×100%=15.63% )=f}vHg$
总资产净利率=30/[(100000+90000)/2]=0.03% kx&JY9(
流动比率=60000/20000=3 u
8o!
(3) [~N;d9H+*1
a.应建议做如下审计调整分录: IRbyW?/Xv
借:应收票据 6 000 000 )|*Qs${tF
贷:短期借款 5 820 000 O=A R`r# u
财务费用 180 000 ^{"i eVn
b.应建议做如下审计调整分录: CFFb>d
借:预计负债 3 000 000 n~629 &
贷:营业外支出 500 000 F?6kkLS/
其他应付款 2 500 000 D|OGlP