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)。 D\M"bf>q1
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*"r!&Dg
(Expressed in RMB thousands) k.C&6*l!5;
FINANCLAL STATEMENTS ITEMS R?u(aY)P
20×8 dQT[pNp:
20×7 ]I)ofXu]
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5Mg
Sales e1g3a1tnWl
64000 Mf14> `<`
48000 `
U|7sLR
x^@oY5}cr
Cost of sales
!p$p 7
54000 F. U@8lr
42000 ?L\"qz%gP
WzstO}?P(
Net profit p-IJ':W
30 s! 2[zJ19p
-20 zg3kU65PJE
3!8(A/YP;
|\dv$`_T
December 31, 20×8 p _[,P7
December 31, 20×7 Nl[&rZ-&
wH8J?j"5>
Inventory E"9(CjbQ[
16000 PS"rXaY
12000 +YZo-tE
>SQzE
Current assets <oJ?J^
60000 yZ{yzv'D&
50000 M?YNK]
@\nQ{\^;
Total assets Xk.OyQ@
100000 ef^GJTv&k
90000 nQQHm6N
( mp
Current liabilities FBwG3x
20000 fD@d.8nXd
18000
h&K$(}X
#&T O(bk
Total liabilities C W#:'
30000 CPZ,sWg5
25000 Xuu&`U~%
(=uT*Cb
vD@|]@gq
During the audit, John has the following findings: [3bPoAr\
(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: lv=q( &
Dr. Cash in Bank RMB 5820000 g;=VuQuP|
Dr. Financial Expenses RMB 180000 Eo2`Vr9g
Cr. Notes Receivable RMB 6000000 {!D(3~MI
(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: ~<!j]@.
Dr. Non-operating Expenses RMB 3000000 a%.W9=h=M(
Cr. Provisions RMB 3000000 }|
MX=:@*
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 %IBT85{
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: %:'G={G`QH
Dr. Provisions RMB 3000000 ZeuL*c \
Cr. Cash in Bank RMB 2500000 7P2n{zd,
Cr. Non-operating Income RMB 500000 w r"0+J7
Required:
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(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. _!1LV[x!s
(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: xgMh@@e
(a)Inventory Turnover Rate in 20×8; ymxA<bICS8
(b)Gross Profit Ratio in 20×8; />mK.FT
(c)After Tax Return on Total Assets in 20×8; and OY}FtGy
(d)Current Ratio as at December 31, 20×8 ,93Uji[l
(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. Qu[QcB{ro-
【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。 .F8[;+
以下是未经审计财务报表的部分信息: beo(7,=&
(单位:千元) i*/i"W<
项目 20×8 20×7 ~D3S01ecM
营业收入 64 000 48 000 N<i5X.X
营业成本 54 000 42 000 %?+vtX
净利润 30 -20 7q
yPI
y@l&B+2ks
20×8年12月31日 20×7年12月31日 *Z"`g
%,;
存货 16 000 12 000 nfF$h}<o+
流动资产 60 000 50 000 ?D.+D(
总资产 100 000 90 000 JrOxnxd^
流动负债 20 000 18 000 d~qQ_2M[G
总负债 30 000 25 000 :wS&3:h
在审计过程中,约翰发现以下事项: pM@8T25=
(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: N-QS/*C.~
借:银行存款5 820 000 pZ'q_Oux
财务费用 180 000 3
!l>\#q6
贷:应收票据6 000 000 5h/,*p6Nje
(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: 7ivo Q
借:营业外支出 3 000 000 x7/Vf,N
贷:预计负债 3 000 000 PolJo?HZ
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: I;NW!"pU
借:预计负债 3 000 000 U\Vg &"P
贷:银行存款 2 500 000 |:5O|m '
营业外收入 500 000 |&8XmexLb
要求: ':pDlUA
(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。 nC p/.]Y*
(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: $h
pUI
(a)20×8年存货周转率 nRc\!4
(b)20×8年销售毛利率 X3G593ts
(c)20×8年总资产净利率 =F$?`q`
(d)20×8年12月31日的流动比率 xg/(
(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) -$<oY88
【答案】 DWOf\[
(1)应选择营业收入作为计算重要性水平的基础。 Rb:H3zh
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 'r 7[
9[
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 syBpF:`-W
销售毛利率=(64000-54000)/64000×100%=15.63% C33Jzn's
总资产净利率=30/[(100000+90000)/2]=0.03% )iw-l~y;
流动比率=60000/20000=3 ybiTWM
(3) x9>$197
a.应建议做如下审计调整分录: cxs@ph&Wk
借:应收票据 6 000 000 >
pb}@\;:
贷:短期借款 5 820 000 zN!W_2W*
财务费用 180 000 Hi={(Z5tC4
b.应建议做如下审计调整分录: {.$7g8]I
借:预计负债 3 000 000 n#x_da-m]
贷:营业外支出 500 000 76rv$z{g^
其他应付款 2 500 000 #aL.E(%