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)。 vP4Ij
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: vraU&ze\1
(Expressed in RMB thousands) -7$'* V9$
FINANCLAL STATEMENTS ITEMS vz:0"
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20×8 U,M,E@
20×7 YUb,5Y0
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Sales u
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64000 5:d2q<x:{
48000 G"[pr%?
qWpC e*C
Cost of sales "{k
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54000 i6CYD
42000 Ib\G{$r
Fdw[CYHz
Net profit }ELCnN
30 {|h"/
-20 IpJ v\zH7
#[W[|m
EAB+kY
December 31, 20×8 4sQAR6_SW~
December 31, 20×7 -],
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Inventory #}(Df&
16000 LwPM7S~
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12000 =)YYx8gR
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Current assets ;8T=uCi
60000 V^z;^mdd
50000 t"p#iia
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Total assets "T
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100000 -C}59G8
90000 y7-:l u$9
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Current liabilities /&
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20000 vx@p;1RU`
18000 {\/nUbo[
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Total liabilities {l&2Kd*
30000 ?1:/
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25000 TY\"@(Q|G
eKz~viM'
KdJx#Lc
During the audit, John has the following findings: >Ro n+
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(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: FTnQqDuT
Dr. Cash in Bank RMB 5820000 1GE%5
Dr. Financial Expenses RMB 180000 ].P(/~FS9
Cr. Notes Receivable RMB 6000000
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(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: |K;Txe_
Dr. Non-operating Expenses RMB 3000000 qetP93N_*
Cr. Provisions RMB 3000000 25c!-.5D
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: 51opP8
Dr. Provisions RMB 3000000 bM0[V5:jB
Cr. Cash in Bank RMB 2500000 So*Wk "
Cr. Non-operating Income RMB 500000 7 eQoc2X2
Required: 'xZPIj+
(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. kr
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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: #K1BJ#KUt
(a)Inventory Turnover Rate in 20×8; H\+c'$
(b)Gross Profit Ratio in 20×8; >^f)|0dn)E
(c)After Tax Return on Total Assets in 20×8; and 0#fG4D_
(d)Current Ratio as at December 31, 20×8 O;e8ft
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(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. I/V )z9
【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。 FgQ_a/*
以下是未经审计财务报表的部分信息: ObyuhAR
(单位:千元) d<Q+D1
项目 20×8 20×7 .hlQ?\
营业收入 64 000 48 000 n~ >h4=h
营业成本 54 000 42 000 kad;Wa#h
净利润 30 -20 L^Q+Q)zTh
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20×8年12月31日 20×7年12月31日 :n4:@L<%H
存货 16 000 12 000 bjPbl2K
流动资产 60 000 50 000 Rs F3#H
总资产 100 000 90 000 *Iwk47J ;a
流动负债 20 000 18 000 ;IuK2iDt<
总负债 30 000 25 000 EdAR<VfleA
在审计过程中,约翰发现以下事项: 4%fN\f
(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: aDl,
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借:银行存款5 820 000 )ehB)X
财务费用 180 000 f >)Tq'
贷:应收票据6 000 000 TjUZv 1(L
(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: Q_kT}6#(J=
借:营业外支出 3 000 000 Vo 6y8@\
贷:预计负债 3 000 000 *pTO|x{
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: E/7vIg
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借:预计负债 3 000 000 <duBwkiG
贷:银行存款 2 500 000 #x5 N{8
营业外收入 500 000 (' Ko#3b
要求: l!;_lH8W$
(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。 hX8gV~E=y
(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 rO(TG
(b)20×8年销售毛利率 Z;fm;X%4
(c)20×8年总资产净利率 (9KDtr*(2i
(d)20×8年12月31日的流动比率 " _:iK]
(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) K=c=/`E
【答案】 G/fP(o-Wd
(1)应选择营业收入作为计算重要性水平的基础。 &,N3uy;Gc
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 "
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 [W9e>Nsp0
销售毛利率=(64000-54000)/64000×100%=15.63% 5BU%%fBJ.
总资产净利率=30/[(100000+90000)/2]=0.03% Db#W/8
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流动比率=60000/20000=3 @L[PW@:SZ
(3) %oh`EGmVP
a.应建议做如下审计调整分录: yE.495
借:应收票据 6 000 000 sb}K%
-
贷:短期借款 5 820 000 KUp
财务费用 180 000 &e-#|p#v
b.应建议做如下审计调整分录: `J>E9p<
借:预计负债 3 000 000 8O8\q
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贷:营业外支出 500 000 `;5VH ]V
其他应付款 2 500 000 ]&C:>