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)。 a~*wZJ
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: aHR+4m~)
(Expressed in RMB thousands) 3g79/w
FINANCLAL STATEMENTS ITEMS c`Q#4e]%_
20×8 bU4l|i;j
20×7 bVxbQ$
U{C&R&z
Sales ew+>?a'&L
64000 Q]1s*P
48000
Cl>|*h+m
`;
+UWdAR
Cost of sales f|+aa6hN
54000 99GK6}~TGm
42000 @|2sF
61SbBJ6[
Net profit h"}c_lY9
30 %\f<N1~*
-20 T)#e=WcP]
mYx6JU*`
rtxG-a56Q
December 31, 20×8 r=gF&Og,?
December 31, 20×7 /1BqC3]tL
\x=j
Inventory % <1&\5f<5
16000 P=<>H9
p:o
12000 mufXM(
e;8nujdG"
Current assets ugV/#v O
60000 ?Gnx!3Q
50000 a{
p1Yy-]
wbQs>pc
Total assets RW`+F|UbE
100000 45 B
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90000 {i"th(J$
>F5E^DY
Current liabilities &gdhq~4#
20000 $tqr+1P
18000 !d
Z:Ih.[{
]G}:cCpd+a
Total liabilities ?s5/
30000 3f-J%!aH
25000 O0_kLH$.
AA XQ+!
F\2<q$Zn+
During the audit, John has the following findings: exxH0^
(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: =))VxuoN
Dr. Cash in Bank RMB 5820000 je;|zfe]
Dr. Financial Expenses RMB 180000 yJGnN g
Cr. Notes Receivable RMB 6000000 aZ'(ar:
(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: B8`!A
Dr. Non-operating Expenses RMB 3000000 X:JU#sI
Cr. Provisions RMB 3000000 cT|aQM@iW
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 z3p
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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: lobC G
Dr. Provisions RMB 3000000 a}g<<{
Cr. Cash in Bank RMB 2500000 _/z3QG{Ea^
Cr. Non-operating Income RMB 500000 B=)tq.Q7
Required: ~m3Tq.sYrY
(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. P
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(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: |t6 :4']
(a)Inventory Turnover Rate in 20×8; y:YJv x6&4
(b)Gross Profit Ratio in 20×8; UT%?3}*u"
(c)After Tax Return on Total Assets in 20×8; and 5H2Ugk3
(d)Current Ratio as at December 31, 20×8 3Ct)5J
(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. H~;s$!lG
【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。 YP`/dX"4
以下是未经审计财务报表的部分信息: 5ajd$t
(单位:千元) c7@[RG !
项目 20×8 20×7 /s
Bs eI
营业收入 64 000 48 000 ,CIsZ1[VS
营业成本 54 000 42 000 >Yx,%a@~R
净利润 30 -20 2CRgOFR
,In}be$:
20×8年12月31日 20×7年12月31日 `s8!zy+
存货 16 000 12 000 vAqVs5 j
流动资产 60 000 50 000 6&KcO:}-
总资产 100 000 90 000 ^w
D@)Dz
流动负债 20 000 18 000 9'0v]ar
总负债 30 000 25 000 \# _w=gs<i
在审计过程中,约翰发现以下事项: -r%k)4_
(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: /DX6Hkkj %
借:银行存款5 820 000 mJ'5!G
财务费用 180 000 <"Yx}5n.
贷:应收票据6 000 000 rnP *}
(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: Ap!Y 3C
借:营业外支出 3 000 000
Q tl!
f
贷:预计负债 3 000 000 %
U|4%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: q|QkJr<
借:预计负债 3 000 000 s:*" b'
贷:银行存款 2 500 000 cd.|>
营业外收入 500 000 Su]p
6B
要求: bE1@RL
(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。 -"5r-q q*
(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: "qhQJql
(a)20×8年存货周转率 XXy&1C
(b)20×8年销售毛利率 g]9A?#GyE
(c)20×8年总资产净利率 AEo
(d)20×8年12月31日的流动比率 &5
n0
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(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\C~]K~O!
【答案】 o{OY1 ;=6
(1)应选择营业收入作为计算重要性水平的基础。 )|B3TjHC
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 s!?T$@a=
ok/{ w
(2)存货周转率=54 000/[(16000+12000)/2]=3.86
Ja{[T
销售毛利率=(64000-54000)/64000×100%=15.63% 6tN!]
总资产净利率=30/[(100000+90000)/2]=0.03% !h>aP4ofT
流动比率=60000/20000=3 Z`x*Igf8
(3) PDhoCAh
!
a.应建议做如下审计调整分录: f5,!,]X
O
借:应收票据 6 000 000 XX'm
M v
贷:短期借款 5 820 000 B8NMo5a
财务费用 180 000 THmmf_w@
b.应建议做如下审计调整分录: 7i88iT
借:预计负债 3 000 000 hIFfvUl
贷:营业外支出 500 000 a[7Lqu
其他应付款 2 500 000 i|CAN,'