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)。 +I-BqA9
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: `a:3S@n(}
(Expressed in RMB thousands) Fw*O ciC
FINANCLAL STATEMENTS ITEMS SSxz1y
20×8 $.t>* Bq
20×7 Mvue>)g~>
'!ks $}$`h
Sales gq;>DY]
64000 dC8}Ttc}
48000 /D1Lh_,2
[=BMvP5
Cost of sales O) TS$
54000 Z:<an+v|5
42000 tHo|8c~[
@D!*@M6
Net profit =E>P,"D
30 UX[s5#
-20 <5mv8'{L
q*4U2_^.
_yUYEq<
`
December 31, 20×8 '.;{"G.@'
December 31, 20×7 dHTx^1
#qmsZHd}b
Inventory n-xdyJD
16000 7H?xp_D
12000 /:Gy .
qrp@
Current assets Rzh.zvxTp
60000 7)Vbp--b#
50000 Z\U r F0
;9WUt,R
Total assets \y:48zd
100000 @&EIH,c
90000 |dbKK\ X9
+&S6se4
Current liabilities *!JB^5(H
20000 In?#?:Q@&
18000 AoOA.t6RVo
!H)
-
Total liabilities nw%9Qw
30000 'fGKRd|)
25000 '8\9@wzv
wBwTJCX
R3U|{vgl
During the audit, John has the following findings: _<{<b
(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: K0_gMi+bR
Dr. Cash in Bank RMB 5820000 GM'yOJo
Dr. Financial Expenses RMB 180000 K)wWqC.
Cr. Notes Receivable RMB 6000000 knYp"<qj
(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: ls&H oJ7
Dr. Non-operating Expenses RMB 3000000 Dol{y=(3e
Cr. Provisions RMB 3000000 Jy%?"wn
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 A"&<$5Q
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: YS){N=g&'
Dr. Provisions RMB 3000000 v\4<6Z:4
Cr. Cash in Bank RMB 2500000 {4,],0bjx/
Cr. Non-operating Income RMB 500000 ;s{'cN[.
Required: hL6;n*S=
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 72"H#dy%U
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: @`C'tfG
/4
(a)Inventory Turnover Rate in 20×8; % g
(b)Gross Profit Ratio in 20×8; }.E^_`
(c)After Tax Return on Total Assets in 20×8; and \>Rfa+
(d)Current Ratio as at December 31, 20×8 <\ <o#Vq
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. [8IO0lul+
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 >@Ht*h{~
以下是未经审计财务报表的部分信息: cPuXye
(单位:千元) -u'"l(n)~
项目 20×8 20×7 `MuX/[q
营业收入 64 000 48 000 6(d6Uwc`
营业成本 54 000 42 000 T\bP8D
净利润 30 -20 [. 9[?8
[V:~j1{3
20×8年12月31日 20×7年12月31日 e
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存货 16 000 12 000 t~j6w sx;
流动资产 60 000 50 000 ?@,EGY<
总资产 100 000 90 000 w/ rQOHV{
流动负债 20 000 18 000 O_a^|ln&
总负债 30 000 25 000 }URdoTOvb
在审计过程中,约翰发现以下事项: 2{63:f1c`'
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: f%@~|:G:
借:银行存款5 820 000 C'|9nK$%
财务费用 180 000 o>,r<
贷:应收票据6 000 000 GIxs>E'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: jL^@;"/XhC
借:营业外支出 3 000 000 q0VAkVHw4
贷:预计负债 3 000 000 r5S/lp+Y+N
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: FUI*nkZY
借:预计负债 3 000 000 $$NWN?H~
贷:银行存款 2 500 000 Z>g>OPu
营业外收入 500 000 m
=b7
r
要求: SK'h!Ye5Z
(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。 [M~tH *4"
(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: S
\]O8#OX
(a)20×8年存货周转率 2 wY|E<E
(b)20×8年销售毛利率 b/:wpy+9Z
(c)20×8年总资产净利率 cZ:jht
(d)20×8年12月31日的流动比率 +:;ddV
(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) WSH[*jMA
【答案】 n>q!m@ }<
(1)应选择营业收入作为计算重要性水平的基础。 "UMaZgI
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Mi8)r_l%O
+mVAmG@
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 )xV37]
销售毛利率=(64000-54000)/64000×100%=15.63% >z\IO
总资产净利率=30/[(100000+90000)/2]=0.03% W"vLCHTh
流动比率=60000/20000=3 Ldz]FB|
(3) 5;0w({1l
a.应建议做如下审计调整分录: CLaQE{
借:应收票据 6 000 000 <C'_:&M
贷:短期借款 5 820 000 !\7`I}:
财务费用 180 000 }b(hD|e
b.应建议做如下审计调整分录: JfN5#+_i
借:预计负债 3 000 000 H 1kI+YJ@
贷:营业外支出 500 000 <@.e.H
其他应付款 2 500 000 R}0gIp=