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)。 &9RH}zv6
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: UL&} s_
(Expressed in RMB thousands) '}_=kp'X
FINANCLAL STATEMENTS ITEMS 5\WUoSgy
20×8 NN^QUB
20×7 T
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Sales nh<Z1tMU
64000 JRq3>P
48000 012Lwd
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Cost of sales 1DUb
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54000 w^ 3|(F
42000 hqL+_|DW
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Net profit ^ESUMXb
30 wZQ)jo7*g
-20 d ,UCH
Yr=8!iR$
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December 31, 20×8 "TfI+QgLF
December 31, 20×7 "e@n:N!
ul$,q05nb
Inventory /HZv
16000
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12000 L"^OdpOs
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Current assets _B3zRO
60000 b:1 L@8s;
50000 Fwb5u!_,
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Total assets NEw$q4
100000 H'Nq#K
90000 .%IslLZ
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Current liabilities z3W3=@
20000 \%TyrY+`K
18000 J#''q"rZ
B)M&\:
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Total liabilities 0\Y1}C
30000 ~@D/A/|
25000 w
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RU|X*3";T
During the audit, John has the following findings: |4fF T `
(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: ~>g+2]Bn>$
Dr. Cash in Bank RMB 5820000 V&%C
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Dr. Financial Expenses RMB 180000 GJ,aRI
Cr. Notes Receivable RMB 6000000 m'bi\1Q
(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
Dr. Non-operating Expenses RMB 3000000 M?$ZJ-
Cr. Provisions RMB 3000000 t"|DWC*
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: FY4 T(4#
Dr. Provisions RMB 3000000 \J3/keL
Cr. Cash in Bank RMB 2500000 0e16Ow6\!1
Cr. Non-operating Income RMB 500000 DZk1ZLz
Required:
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. g*J@[y;
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: &I/qG`W
(a)Inventory Turnover Rate in 20×8; O m9jtWk
(b)Gross Profit Ratio in 20×8; gi$XB}L+X
(c)After Tax Return on Total Assets in 20×8; and 64umul
(d)Current Ratio as at December 31, 20×8 9->q| E4
(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. +D`*\d1
【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。 e;h,V(
以下是未经审计财务报表的部分信息: ),`8eQC
(单位:千元) R,,Qt
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项目 20×8 20×7 2+Yb
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营业收入 64 000 48 000 Oaa"T8t
营业成本 54 000 42 000 Z9[+'ZWt
净利润 30 -20 wd+K`I/v7h
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20×8年12月31日 20×7年12月31日 /iG7MC\`
存货 16 000 12 000 9:8|)a(1
流动资产 60 000 50 000 2 hq\n<
总资产 100 000 90 000 >{nH v)
流动负债 20 000 18 000 jDX>izg;V
总负债 30 000 25 000 0BK5qz
在审计过程中,约翰发现以下事项: UQPU"F7.
(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: Ej"u1F14J
借:银行存款5 820 000 iKAusWj
财务费用 180 000 5k$vlC#[H
贷:应收票据6 000 000 _ck[&Q
(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: fzPZ|
借:营业外支出 3 000 000 izuF !9
贷:预计负债 3 000 000 ^RNOcM|
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: pj8azFZ
借:预计负债 3 000 000 *eb-rhCVn
贷:银行存款 2 500 000 x?sI;kUw8
营业外收入 500 000 KY.ZT2k
要求: v&;:^jJ8
(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。 Z
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(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:
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(a)20×8年存货周转率 s&Yi 6:J
(b)20×8年销售毛利率 -6C +LbV
(c)20×8年总资产净利率 ?9xu{B>6
(d)20×8年12月31日的流动比率 /.Q4~Hw%}
(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) G%{0i20_
【答案】 *y]+dK&-
(1)应选择营业收入作为计算重要性水平的基础。 7x k|+!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 6q/?-Qcy
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 |He=LQ}0
销售毛利率=(64000-54000)/64000×100%=15.63%
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总资产净利率=30/[(100000+90000)/2]=0.03% nc?B6IV
流动比率=60000/20000=3 tSHFm-q`
(3) Adx`8}N8
a.应建议做如下审计调整分录: RE"^
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借:应收票据 6 000 000 $kPHxD!"
贷:短期借款 5 820 000 5kMWW*Xtf
财务费用 180 000 @S3f:s0~D
b.应建议做如下审计调整分录: VR0=SE
借:预计负债 3 000 000 bw S*]!*
贷:营业外支出 500 000 46No
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其他应付款 2 500 000 5?u}#zO