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)。 d!w1t=2H
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: 5
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(Expressed in RMB thousands) %!>k#F^S
FINANCLAL STATEMENTS ITEMS 4b]IazL)
20×8 ,&-S?|
20×7 5ZZd.9ZgM
m
Mn
2(
Sales }FuV
Y><l
64000 =H
L9Z
48000 1w(<0Be
1 VPg`+o
Cost of sales 9 J$Y,Z
54000 YL;SxLY
42000 axHxqhO7zp
Yjpb+}
Net profit 1{= E?
30 [B.W1 GL!
-20 =mDy@%yx!
B b$S^F(Xq
*G8'Fjin'T
December 31, 20×8 oB hL}r
December 31, 20×7 &;'w8_K"^
B/kcb(5v
Inventory {\
A
_%
16000 ADuZ}]
12000 DX]z=d)tc
?+5"
%4o
Current assets |p'_k(z}
60000 Fmy1nZ
50000 2l]C55p)s
)G}sb*+v?
Total assets g{rt ^B
100000 d@_'P`%-
90000 $IZ*|>(
O e0KAn
Current liabilities Y j,9V],
20000 W66}\&5
18000 }])GQ@
c80"8r
Total liabilities !pE>O-| K
30000 +H5 jRw
25000 _N[^Hl`\
Yb,G^+;
a,en8+r]
During the audit, John has the following findings: ~hxeD" w
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: iPRJA{$b_
Dr. Cash in Bank RMB 5820000 1q;I7_{ 2
Dr. Financial Expenses RMB 180000 @]}Qh;a~
Cr. Notes Receivable RMB 6000000 n^g-`
(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: /3xFd)|Ds
Dr. Non-operating Expenses RMB 3000000 ?h>(&HjWV
Cr. Provisions RMB 3000000 tSw~_s_V
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 6%Cna0x:&
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: 7`j|tb-
Dr. Provisions RMB 3000000 ^hGZVGSv
Cr. Cash in Bank RMB 2500000 (7
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Cr. Non-operating Income RMB 500000 ;h*"E(Pp
Required: 0
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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. 1t
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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: oW\Q>c7
=
(a)Inventory Turnover Rate in 20×8; 3RY|l?n>
(b)Gross Profit Ratio in 20×8; v=8~ZDY
(c)After Tax Return on Total Assets in 20×8; and URj%
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(d)Current Ratio as at December 31, 20×8 o
=jX
(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. lcuH]z
【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。 ^@l5u=
以下是未经审计财务报表的部分信息: K~9 jin
(单位:千元) $)WH^Ir~
项目 20×8 20×7 DVeF(Y3&
营业收入 64 000 48 000 0^|$cvYiL
营业成本 54 000 42 000 SO8|]Fk
净利润 30 -20 |iF
1A
3 8ls 4v3
20×8年12月31日 20×7年12月31日 Rwi5+;N
存货 16 000 12 000 ]J0Y^dM
流动资产 60 000 50 000 Cys/1DkE
总资产 100 000 90 000 `rRg(fCN!M
流动负债 20 000 18 000 d3\l9R{}
总负债 30 000 25 000 ]"7El;2z
在审计过程中,约翰发现以下事项: N-_| %C-.
(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: 9h)P8B.>M
借:银行存款5 820 000 b_"V%<I
财务费用 180 000 QjT#GvHY
贷:应收票据6 000 000 )gm \e?^
(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: cmC&s'/8`D
借:营业外支出 3 000 000 'ra_Zg[j
贷:预计负债 3 000 000 YpbdScz
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: yg
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借:预计负债 3 000 000 '
! 2
贷:银行存款 2 500 000 ( kD?},Z
营业外收入 500 000 p%i
.(A
要求: 'TEwU0<%
(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。 `;8u9Ff
(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: Y7IlqC`i
(a)20×8年存货周转率 ]'z^Kt5S
(b)20×8年销售毛利率 q@=#`74 6e
(c)20×8年总资产净利率 9Y*Vz QE
(d)20×8年12月31日的流动比率 T<_1|eH
(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) #0$eTdx#
【答案】 TQyFF/K
(1)应选择营业收入作为计算重要性水平的基础。 B3i=pcef
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 RdpQJ)3F
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 pRyS8'
销售毛利率=(64000-54000)/64000×100%=15.63% 6CzvRvA*P
总资产净利率=30/[(100000+90000)/2]=0.03% Q-3J0=
流动比率=60000/20000=3 YfYL?G
(3) 3hpz.ISk
a.应建议做如下审计调整分录: Fb`7aFIf
借:应收票据 6 000 000 qy0_1xT-
贷:短期借款 5 820 000 d+wNGN
财务费用 180 000 7H@Cy}a
b.应建议做如下审计调整分录: N"Nd $4
借:预计负债 3 000 000 iH -x
贷:营业外支出 500 000 eWt>^]H~
其他应付款 2 500 000 s(DaPhL6Qm