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)。 .nN>Ipv
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: xrXfLujn%
(Expressed in RMB thousands) S
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FINANCLAL STATEMENTS ITEMS ja<!_^h=At
20×8 D?)^{)49
20×7 NSsLuM=.
fP:n=A{
Sales Ojh\H
64000 feSj3,<!
48000 "vH>xBR[%
kF1Tg KSd
Cost of sales by:"aDGK.
54000 8zOoVO
42000 _3;vir%)
5t,W'a_
Net profit cE|Z=}4I7
30 *hk8[
-20 fcim4dfP
U= Gw(
L/YEW7M
December 31, 20×8 &F8N$H
December 31, 20×7 RF#S=X6
bm</qF'T6
Inventory M6j!_0j
16000 #835$v
Oe
12000 B@8M2Pl
4YT d
Current assets PsV1btq]
60000 FC+}gJ(q
50000 hB!>*AsG
=vpXYj
Total assets =k{ n! e
100000 %6%QE'D
90000 bg =<) s
++m^z` D
Current liabilities +(pFU\&U3H
20000 0sQt+_Dl%L
18000 )6t=Bel
`veq
/!
Total liabilities 68!W~%?pR
30000 vg.K-"yQW
25000 iE}Lw&x
[s}nv]
&nRbI:R
During the audit, John has the following findings: ;PA^.RB
(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: KeGGF]=>
Dr. Cash in Bank RMB 5820000 )R- e^Cb
Dr. Financial Expenses RMB 180000 >U.f`24
Cr. Notes Receivable RMB 6000000 _wY<8 F*
(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: ,drcJ
Dr. Non-operating Expenses RMB 3000000 GY~Q) Z
Cr. Provisions RMB 3000000 8iIz!l%O
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ){sn!5=
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: kf Xg\6uKc
Dr. Provisions RMB 3000000 TA~FP#.
Cr. Cash in Bank RMB 2500000 d~>d\K%v
Cr. Non-operating Income RMB 500000 1 p|h\H
Required: N!TC}#}l
(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. v5/2-<6x
(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: Cb1fTl%
(a)Inventory Turnover Rate in 20×8; {'^!S"9x
(b)Gross Profit Ratio in 20×8; :
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(c)After Tax Return on Total Assets in 20×8; and z5UY0>+VdS
(d)Current Ratio as at December 31, 20×8 mDG=h6y"V
(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. `yvH0B -
【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。 X`+8rO[
以下是未经审计财务报表的部分信息: G|LJOq7QB
(单位:千元) T+q3]
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项目 20×8 20×7 !e0OGf
营业收入 64 000 48 000 /&eF,4
营业成本 54 000 42 000 mZgYR~
净利润 30 -20 &y~~Z [.F,
HXg#iP^tv
20×8年12月31日 20×7年12月31日 d*===~
存货 16 000 12 000 .Z2zv*
流动资产 60 000 50 000 oE;SZ"$x
总资产 100 000 90 000 k/`WfSM\.
流动负债 20 000 18 000 5TB==Fj ?
总负债 30 000 25 000 B S^P&TR!
在审计过程中,约翰发现以下事项: U~}
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: o=
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借:银行存款5 820 000 @5)THYAx4
财务费用 180 000 "(QI7:iM
贷:应收票据6 000 000 W3h{5\d!
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Z4Z
R]eD
借:营业外支出 3 000 000 N+V_[qr#
贷:预计负债 3 000 000 s7(I
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: yaw33/iN
借:预计负债 3 000 000 x392uS$#
贷:银行存款 2 500 000 Bt?
.8H6Y
营业外收入 500 000 G#f(oGn :
要求: f'-)
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(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。 XVRtfo
(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: hj*Fn
(a)20×8年存货周转率 ~Bi{k'A9
(b)20×8年销售毛利率 6tDCaB
(c)20×8年总资产净利率 -gzY~a
(d)20×8年12月31日的流动比率 ,<cF<9h
(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) l0sBXs`3b
【答案】 'y<<ce*
(1)应选择营业收入作为计算重要性水平的基础。 {-'S#04
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 z"*$ .
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 uTq)Ets3
销售毛利率=(64000-54000)/64000×100%=15.63% G#(+p|n
总资产净利率=30/[(100000+90000)/2]=0.03% D_(K{?KU
流动比率=60000/20000=3 jaOt"iU.B
(3) NW*qw q
a.应建议做如下审计调整分录: "?Mf%u1R
借:应收票据 6 000 000 $At,D.mGkb
贷:短期借款 5 820 000 V!3.MQM
财务费用 180 000 RO9oO7
S
b.应建议做如下审计调整分录: ;xl_9Ht/
借:预计负债 3 000 000 ]di9dLT
贷:营业外支出 500 000 >RL|W}tI4
其他应付款 2 500 000 1 xu2$x.b