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)。 Ra%" +=
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: O=c^Ak
(Expressed in RMB thousands) vvEr}G
FINANCLAL STATEMENTS ITEMS ,U9gg-.Lp
20×8 Q9v
OY8
20×7 ~4HS
2\
u;$g13
Sales oZ%rzLH
64000 6 Fz?'Xf
48000 fhCMbq4T
'xO5Le(=M
Cost of sales 1p#O(o
54000 ;[
UGEi
42000 ,A`.u \f(:
gWcl@|I;\
Net profit JVO,@~~
30 i@7b
-20 ":t'}Eg=6
nqX)+{wAXe
;{xk[fm=
December 31, 20×8 x[]}Jf{t
December 31, 20×7 C(( 7
,dhSc<:LT
Inventory aYIAy]*1e
16000 zNe>fZ
12000 # fvt:iE
.GG6wL<$?
Current assets *aKT&5Ch-
60000 o&tETJ5Bhe
50000 &%."$rC/0b
R0>GM`{
Total assets :q6j{C(
100000 F/ BB]gUB
90000 }Yd7<"kp
q'r(#,B<3
Current liabilities JO\F-xO
20000 2)O-EAn
18000 &P
J&XTR
n)]]g3y2
Total liabilities 3@'3U?Hin
30000 n}NO"eF>-s
25000 5[^pU$Y
(8bo"{zI
I$Z8]&m
During the audit, John has the following findings: bUR;d78
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: E+>$@STv#
Dr. Cash in Bank RMB 5820000 K5;
/
Dr. Financial Expenses RMB 180000 07L
>@Gf
Cr. Notes Receivable RMB 6000000 @9yY`\"ed
(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: s*A#;
Dr. Non-operating Expenses RMB 3000000 {rp5qgVE<
Cr. Provisions RMB 3000000 e;QPn(
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 +k@$C,A
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: aZK%?c
Dr. Provisions RMB 3000000 eUa2"=M
Cr. Cash in Bank RMB 2500000 6pyLb3[e
Cr. Non-operating Income RMB 500000 :Taequ
k
Required: TF_~)f(`
(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. JA .J~3
(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: mGf@J6wGz
(a)Inventory Turnover Rate in 20×8; KHK|Zu#k'
(b)Gross Profit Ratio in 20×8; Q&p'\6~
(c)After Tax Return on Total Assets in 20×8; and rlQ4+~
(d)Current Ratio as at December 31, 20×8 {5<3./5O
(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. /uXEh61$8
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 {yPJYF_l
以下是未经审计财务报表的部分信息: nq9|cS%-
(单位:千元) y]dA<d?u
项目 20×8 20×7 (<|NerwD
营业收入 64 000 48 000 IF"-{@
营业成本 54 000 42 000 1y/_D$~ZO
净利润 30 -20 'IR2H{Q
b:OQ/
20×8年12月31日 20×7年12月31日 }Xn5M&>
?
存货 16 000 12 000 ^Q)&lxlxpx
流动资产 60 000 50 000 ^
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总资产 100 000 90 000 e;IzK]kP
流动负债 20 000 18 000 7
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总负债 30 000 25 000 r-Nv<oH;
在审计过程中,约翰发现以下事项: IaDN[:SX
(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: =!@5!
借:银行存款5 820 000 w 0V=49
财务费用 180 000 3bMQ[G
贷:应收票据6 000 000 U_1syaY!
(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: .?C-J
借:营业外支出 3 000 000 BQ\
o?={
贷:预计负债 3 000 000 8OYw72&
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: o;d><
借:预计负债 3 000 000 j?5s/
贷:银行存款 2 500 000 4tv}5llSG
营业外收入 500 000 5Z2tTw'i
要求: ?8{x/y:
(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。 }]i re2j8
(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: ^#^\@jLm
(a)20×8年存货周转率 w_O3];
(b)20×8年销售毛利率 u0Nag=cU
(c)20×8年总资产净利率 @'
V=Vr
(d)20×8年12月31日的流动比率 WH@CH4WM
(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) ,qo"i7c{:
【答案】 _[eAA4h
(1)应选择营业收入作为计算重要性水平的基础。 yXuc<m
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 `V(zz
3,Dc}$t
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 p2(U'x
c
销售毛利率=(64000-54000)/64000×100%=15.63% .BaU}-5
总资产净利率=30/[(100000+90000)/2]=0.03% ,};UD
W
流动比率=60000/20000=3 7U:-zfq
(3) )QeXA)
a.应建议做如下审计调整分录: y;M}I8W[
借:应收票据 6 000 000 u{Z
4M3U
贷:短期借款 5 820 000 -F7GUB6B
财务费用 180 000 v>e%5[F
b.应建议做如下审计调整分录: e:&+m `OSH
借:预计负债 3 000 000 C`p)S`d
贷:营业外支出 500 000 W.B;Dy,Y
其他应付款 2 500 000 }"V$li