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)。 +;W%v7%<
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: |5vcT,A
(Expressed in RMB thousands) CFFb>d
FINANCLAL STATEMENTS ITEMS :[<Y#EX.
20×8 qy|bOl
20×7 5[;[ Te9=S
Zbnxs.i!
Sales +Q+O$-a<
64000 "5N4
of
8
48000 65aYH4"
K e4oLF2
Cost of sales ^ = C>
54000 ]~;*9`:
42000 lfAy$qP"}
,g?ny<#o
Net profit =G}a%)?As\
30 qlcd[Y*B
-20 })OS2F
yepRJ%mp
N[
=I
December 31, 20×8 8fqabR
December 31, 20×7 9i\}
^ s2
=OK#5r[UV
Inventory >Cr"q*
16000 P"NI> HM
12000 QjLU@?&
\ZRII<k5)
Current assets 1te^dh:Vp
60000 $tu
50000 L<V20d9
OmuE l>
Total assets | +;ZC y
100000 u[qy1M0
90000 k1D7=&i
mRx `G(u:v
Current liabilities TzC(YWt
20000 k$v7@|Aw
18000 1le9YL1_g
|Kd6.Mx
Total liabilities vE9"1M
30000 "dCIg{j
25000 k?h{6Qd
O5du3[2x7a
#xmiUN,|
During the audit, John has the following findings: ?e-rwaW
(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: *?Eu{J){7%
Dr. Cash in Bank RMB 5820000 cPIyD?c
Dr. Financial Expenses RMB 180000 GYw/KT~$
Cr. Notes Receivable RMB 6000000 KeyKLkg>
(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: .:H'9QJg
Dr. Non-operating Expenses RMB 3000000 O#igH
Cr. Provisions RMB 3000000 }|h-=T '
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 {Q/@ Y.~<
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: f@Mku0VT
Dr. Provisions RMB 3000000 gS(JgN
Cr. Cash in Bank RMB 2500000 ^Whc<>|
Cr. Non-operating Income RMB 500000 5 n 4/}s
Required: Tyb_'|?rW
(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. Yaq0mef0
(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: Z2{$FN
(a)Inventory Turnover Rate in 20×8; 2h5T$[fV
(b)Gross Profit Ratio in 20×8; S?t
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(c)After Tax Return on Total Assets in 20×8; and w+rw<,u%
(d)Current Ratio as at December 31, 20×8 HV`u#hZ7C
(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. e77s?WxbK
【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。 |\B\IPs{%'
以下是未经审计财务报表的部分信息: @uC-dXA"
(单位:千元) w8o?wx*
项目 20×8 20×7 f~d=1
营业收入 64 000 48 000 R(Vd[EGY
营业成本 54 000 42 000 *QW.#y>"j
净利润 30 -20 _)-2h[
W(ZEqH2
20×8年12月31日 20×7年12月31日 b
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存货 16 000 12 000 .WOF:Nu4
流动资产 60 000 50 000 MS SHMR
总资产 100 000 90 000 p"\-iY]
流动负债 20 000 18 000 Y\!:/h]E&
总负债 30 000 25 000 PmId #2f
在审计过程中,约翰发现以下事项: ;F_&h#D]3
(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: }J5iY0
借:银行存款5 820 000 z"5e3w
财务费用 180 000 ,[m4+6G5
贷:应收票据6 000 000 avS9 "e
(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: "6$+B/5
借:营业外支出 3 000 000 EI9Yv>7 d{
贷:预计负债 3 000 000 y^p%/p%
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 7;}TNK\+v
借:预计负债 3 000 000 +&AU&2As
贷:银行存款 2 500 000 suj}A
营业外收入 500 000 }xrrHp
要求: /C<} :R
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 QqY42hR
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Y!E|X 3
(a)20×8年存货周转率 jM@@N.
(b)20×8年销售毛利率 8/34{2048
(c)20×8年总资产净利率 Q[O U`
(d)20×8年12月31日的流动比率 HSl$ U0
(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) Us9$,(3
【答案】 =7P; /EV
(1)应选择营业收入作为计算重要性水平的基础。 Qe/=(P<
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;+qPV7Z
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 I(WND/&
销售毛利率=(64000-54000)/64000×100%=15.63% A%M&{S'+|X
总资产净利率=30/[(100000+90000)/2]=0.03% `|JQ)
!Agx
流动比率=60000/20000=3 ?yz}
(3) 5Q72.4HH
a.应建议做如下审计调整分录: PzTTL=G +
借:应收票据 6 000 000 [laX~(ND{
贷:短期借款 5 820 000 13{"sY:PT#
财务费用 180 000 TAYt:
b.应建议做如下审计调整分录: &9] [~$
借:预计负债 3 000 000 *DoEDw
贷:营业外支出 500 000 >Q\H1|?
其他应付款 2 500 000 a( {`<F