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)。 f^@`[MJj1C
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: ,F`:4=H%
(Expressed in RMB thousands) h@7Shp
FINANCLAL STATEMENTS ITEMS qOVs9'R
20×8 Wky=]C%
20×7 `VCU`Y
WHk/Rg%<
Sales ]1>U@oK
64000 *G7$wW:?
48000 OM*N) *
/Y_F"GQ
Cost of sales Ml1yk)3G
54000 8aQ\Yx
42000 QkBT,c
T>2) YOx
Net profit
|v#N
30 `X'-4/Y
-20 W|_
@ju
D_ybgX?0:
-Qgu6Ty
December 31, 20×8 NWd%Za5K;
December 31, 20×7 |q"WJ
Q
w'oP{=y[
Inventory 3YVG|Bc~_
16000 m/gl7+
12000 o65:)z
u
-e_IDE
Current assets gO_{(\w*
60000 4:RL[;
50000 L\|p8jJ
<yz)iCU?
Total assets vU0j!XqE
100000 "v@$
CR9<T
90000 >MZWm6M8
teH $hd-q
Current liabilities ,R]hNjs-{
20000 (NK$2A/p
18000 ??0C"8:[
]BGWJ A5
Total liabilities Mk9'
30000 Y+75}]B
25000 -L>xVF-|:1
12BTZ
n=!]!'h\:
During the audit, John has the following findings: sJo]$/?F
(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: RO"c+|Py
Dr. Cash in Bank RMB 5820000 ;M}'\.
Dr. Financial Expenses RMB 180000 :c3}J<Z
Cr. Notes Receivable RMB 6000000 [<`K%1GQ
(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: Fw? ;Y%
Dr. Non-operating Expenses RMB 3000000 :fz&)e9
Cr. Provisions RMB 3000000 <cm,U)j2
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Sd/?xyF1(
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: n:d]Z2b
Dr. Provisions RMB 3000000 L1ZhH3}X
Cr. Cash in Bank RMB 2500000 %>Z;/j|#r
Cr. Non-operating Income RMB 500000 |fnP@k
Required: M&o@~z0
(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. {E`[`Kf
(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: +InAK>NZ'
(a)Inventory Turnover Rate in 20×8; l6Wa~
E
(b)Gross Profit Ratio in 20×8; WtOpxAq
(c)After Tax Return on Total Assets in 20×8; and dYV'<
(d)Current Ratio as at December 31, 20×8 '7AlE!7%
(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. 'lNy&
【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。 / 4{6`
以下是未经审计财务报表的部分信息: SRs1t6&y=
(单位:千元) C[MZ9r
项目 20×8 20×7 rUvjc4O}
营业收入 64 000 48 000 .v;$sst5y
营业成本 54 000 42 000 Y^DS~CrM
净利润 30 -20 ):HjpJv
F
KPO?eeT.WZ
20×8年12月31日 20×7年12月31日 oe,I v
nt
存货 16 000 12 000 J%`-K"NB
流动资产 60 000 50 000 1FCqkwq[
总资产 100 000 90 000 )N h67P3X"
流动负债 20 000 18 000 :ad
总负债 30 000 25 000 (3 xCW
在审计过程中,约翰发现以下事项: ParOWs~W/
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: tUouO0_l
借:银行存款5 820 000 6d/;GyG
财务费用 180 000 C-!!1-Eq?:
贷:应收票据6 000 000 P__JN\{9
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: QCB2&lN\&L
借:营业外支出 3 000 000 7x`dEi<
贷:预计负债 3 000 000 .%) FK#s-
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 3db ,6R
借:预计负债 3 000 000 _K"|}bM
贷:银行存款 2 500 000 e
0iE6:i
营业外收入 500 000 9}p>='
要求: g-`HKoKe
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ?blF6Kl$
(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\djZG$s;N
(a)20×8年存货周转率 IB9[Lx
(b)20×8年销售毛利率 G"w
?{W@
(c)20×8年总资产净利率 +oa\'.~?
(d)20×8年12月31日的流动比率 u!I Es
(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) 4CA(` _i~
【答案】 Yd]y`J?#
(1)应选择营业收入作为计算重要性水平的基础。 q =sEtH=
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 cQ(zBf
?+#|h;M8
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 _Iz JxAcJ
销售毛利率=(64000-54000)/64000×100%=15.63% p!qV!
:
总资产净利率=30/[(100000+90000)/2]=0.03% ?sfas57&y
流动比率=60000/20000=3 NIZN}DnP
(3) $="t7C9S
a.应建议做如下审计调整分录: $HVus=D"
借:应收票据 6 000 000 lS"g[O+
贷:短期借款 5 820 000 >YP6/w,e
财务费用 180 000 g '2'K
b.应建议做如下审计调整分录: b=nQi.
/f
借:预计负债 3 000 000 6mcxp+lm|
贷:营业外支出 500 000 P$LHsg]
其他应付款 2 500 000 05=
$Dnv