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)。 0I
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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: 6R<%.-qr
(Expressed in RMB thousands) :G-1VtE n
FINANCLAL STATEMENTS ITEMS QZ`<+"a0
20×8 *be+x RY
20×7 E|6|m8
Oe#k|
Sales <omz9d1
64000 UX0tI0.tg
48000 xXbW6aI"
irm8z|N-
Cost of sales GwvxX&P
54000 8
jT"H
ZB6
42000 P~#jvm!
*qqFIp^
Net profit .UDZW*
30 Vg3&:g5 /
-20 HP8pEo0Y
9GEcs(A*
9O)>>1}*S
December 31, 20×8 ep^0Cd/
December 31, 20×7 I2 Kb.`'!
F7hQNQu:
Inventory ]uZH 0
16000 upJishy&I
12000
>5j/4Ly
V^ :\/EU
Current assets /t/q$X
60000 &A9+%kOk>
50000 cnj_tC=zt
Fc]#\d6
Total assets }a`LOBne
100000 ,|H!b%ZW
90000 _
&M>f? l
}_;nln?t(
Current liabilities zPXd]jIwV
20000 XC$~!
18000 r
{8
&zT~3>2
Total liabilities W)_B(;$]
30000 8 2qe|XD4p
25000 %{{#Q]]&
KYQ6U.%W
gu/Yc`S[
During the audit, John has the following findings: o#Y1Uamkf
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 0QpWt
Dr. Cash in Bank RMB 5820000 ,&9|Ac?$
Dr. Financial Expenses RMB 180000 N3?d?+A$
Cr. Notes Receivable RMB 6000000 /?GBp[(0
(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: okv7@8U#p
Dr. Non-operating Expenses RMB 3000000 @|@43}M]C-
Cr. Provisions RMB 3000000 >"[u.1J_'I
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 M~6I-HexT|
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: NplSkv
Dr. Provisions RMB 3000000 =VU2# O
Cr. Cash in Bank RMB 2500000 Gl:ASPZ6
Cr. Non-operating Income RMB 500000 'UyL%h;nJ
Required: 7jPmI
(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. S]N4o'K}q
(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: 7Av]f3
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(a)Inventory Turnover Rate in 20×8; c1^3lgPv
(b)Gross Profit Ratio in 20×8; ra&C|"~E
(c)After Tax Return on Total Assets in 20×8; and v\Hyu1;8
(d)Current Ratio as at December 31, 20×8 ox6rR
(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. ,Tx8^|b#F
【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。 V6k9L*VP
以下是未经审计财务报表的部分信息: (}:xs,Ax
(单位:千元) _=] FJhO
项目 20×8 20×7 |?>h$'
营业收入 64 000 48 000 :wZZ 1qa
营业成本 54 000 42 000 wB^a1=C
净利润 30 -20 B_S3}g<~
fCfY.vd5
20×8年12月31日 20×7年12月31日 ~I<y^]2{
存货 16 000 12 000 sF$m?/Kt
流动资产 60 000 50 000 UX
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总资产 100 000 90 000 R<=t{vTJ5
流动负债 20 000 18 000 U
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总负债 30 000 25 000 R4/@dA0
在审计过程中,约翰发现以下事项: U*@_T 3N
(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: 8`2K=`]ES+
借:银行存款5 820 000 eG v"&kr
财务费用 180 000 vpDs5tUl
贷:应收票据6 000 000 \a!<^|C&
(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: d1-p];&
借:营业外支出 3 000 000 #t
O!3= 0
贷:预计负债 3 000 000 tTgW^&B
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: sn(}5;
借:预计负债 3 000 000 zvD5i,I
贷:银行存款 2 500 000 *C BCQp[$
营业外收入 500 000 b ~gF,^w
要求: C#Jj;Gd
(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。 0"`skYJ@
(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: *QG;KJ%
(a)20×8年存货周转率 (R-Q9F+;
(b)20×8年销售毛利率 St`m52V(5X
(c)20×8年总资产净利率 B^9 #X5!
(d)20×8年12月31日的流动比率 u W T[6R
(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'<1xd(`
【答案】 R 6Em^A/>
(1)应选择营业收入作为计算重要性水平的基础。 BXY'%8q _a
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 %u}sVRJ
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 `vw.~OBl
销售毛利率=(64000-54000)/64000×100%=15.63% i"xDQ$0G6
总资产净利率=30/[(100000+90000)/2]=0.03% 9:o3JGHSc
流动比率=60000/20000=3 GHY>DrXO1u
(3) ;>N ~,Q
a.应建议做如下审计调整分录: @ni~ij
借:应收票据 6 000 000 S41>VbtEp
贷:短期借款 5 820 000 1tdCzbEn+
财务费用 180 000 k6BgY|0g C
b.应建议做如下审计调整分录: Hw{Y.@)4R
借:预计负债 3 000 000 D,a%Je-r,
贷:营业外支出 500 000 ^~l<N@
其他应付款 2 500 000 =6&D4~R