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)。 uK?T<3]'
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: 6wWA(![w"
(Expressed in RMB thousands) 5m+:GiI
FINANCLAL STATEMENTS ITEMS "z }bgy
20×8 2#Au6BvX
20×7 t3/!esay
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Sales TBQ`:`g^m
64000 2="C6
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48000 r)mm8MI!Z
l!ye\
Cost of sales ^}8_tZs8\
54000 ?.A6HrAPB
42000 uF T\a=
ftq~AF
Net profit mId{f
30 T^GdN_qF
-20 >t8eVMMa
>?e*;f$VdJ
yh5KN_W
December 31, 20×8 ^d"tymDd
December 31, 20×7 Smk]G))o{
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Inventory %!rsu-W:Y
16000 wH#k~`M
12000 )K2n!Fbd
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Current assets q@(N 38D
60000 Ro:-u7q
50000 U(./LrM05
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Total assets `T9<}&=!
100000 of& vQ
90000 PfrW,R~r
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Current liabilities 72-@!Z0e
20000 Y,mH ]
18000 udc9
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Total liabilities 0t4i'??
30000 dy`~%lX?
25000 dbZPt~S'$
db%`-UST
6ldDt?iSg
During the audit, John has the following findings: w-nkf
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(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: 0Xo
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Dr. Cash in Bank RMB 5820000 ~`N|sI,
Dr. Financial Expenses RMB 180000 M(3E
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Cr. Notes Receivable RMB 6000000 cRg$~rYd
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: d&'6l"${
Dr. Non-operating Expenses RMB 3000000 \W@?revK
Cr. Provisions RMB 3000000 hcaH
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 r?V|9B`$p
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: U3U eTa_
Dr. Provisions RMB 3000000 V
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Cr. Cash in Bank RMB 2500000 o!H"~5Trv!
Cr. Non-operating Income RMB 500000 f:utw T
Required: ;%82Z4
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. d7G'+B 1
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: .HtDcGp
(a)Inventory Turnover Rate in 20×8; Z=H
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(b)Gross Profit Ratio in 20×8; aVtwpkgZ
(c)After Tax Return on Total Assets in 20×8; and R\+$^G}#6
(d)Current Ratio as at December 31, 20×8 yWK[@;S]%
(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. ?4~lA
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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。 vMI \$E&
以下是未经审计财务报表的部分信息: XnG!T$
(单位:千元) da<1,hF
项目 20×8 20×7 ,,iQG' *
营业收入 64 000 48 000 \m.{^Xd~
营业成本 54 000 42 000 7xd}J(l
净利润 30 -20 9%dNktt
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20×8年12月31日 20×7年12月31日 g+CHF?O
存货 16 000 12 000 >%[W2L\'
流动资产 60 000 50 000 k4l72 'P
总资产 100 000 90 000 2Vi[qS^
流动负债 20 000 18 000 C'$U1%:
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总负债 30 000 25 000 a[JgR /E@x
在审计过程中,约翰发现以下事项: \4&g
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: AUq?<Vg\
借:银行存款5 820 000 w5nRgdboy!
财务费用 180 000 lk'RW
y"pw
贷:应收票据6 000 000
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(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: }$UFc1He\J
借:营业外支出 3 000 000 >]`x~cE.5
贷:预计负债 3 000 000 l;C_A;y\
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: nAYjSE
借:预计负债 3 000 000 &,)tD62s
贷:银行存款 2 500 000 D *tBbV
营业外收入 500 000 xSf3Ir(,
要求: a|>MueJ
(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。 Yk5kC0B
(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: ["7}u^z@<+
(a)20×8年存货周转率 8L@di Y
(b)20×8年销售毛利率 LSs={RD2+p
(c)20×8年总资产净利率 _96&P7
(d)20×8年12月31日的流动比率 'F~u \m=E
(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) I
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【答案】 BKTsc/v2>:
(1)应选择营业收入作为计算重要性水平的基础。 BOG )JaDW
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 "&ks83
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 r3-3*_
销售毛利率=(64000-54000)/64000×100%=15.63% F,bl>;{[{
总资产净利率=30/[(100000+90000)/2]=0.03% <vrx8Q*6
流动比率=60000/20000=3 ibq@0CR
(3) `l}-S |a
a.应建议做如下审计调整分录: G1
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借:应收票据 6 000 000 I
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贷:短期借款 5 820 000 N4:'X6u;
财务费用 180 000 q}!4b'z^
b.应建议做如下审计调整分录: )v9[/
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借:预计负债 3 000 000 We ->d |=
贷:营业外支出 500 000 y{N9.H2
其他应付款 2 500 000 2Ar
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