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)。 ' (ql7
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: Zj$U_
(Expressed in RMB thousands) Ru2kC} Dx!
FINANCLAL STATEMENTS ITEMS gi~*1RIel;
20×8 Uc6P@O*,
20×7 TJ+yBMd*%
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Sales oKz
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64000 6VIi
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48000 iEnDS@7
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Cost of sales YX-G>.Pc
54000 hv8V=Z'Q
42000 u>d,
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Net profit !Ag
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30 `N$<]i]s5
-20 /JJU-A(
81`-xVd
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December 31, 20×8 '`^`NI`
December 31, 20×7 KxqJlben
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9M AZ
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Inventory Q/L:0ovR
16000 Y=\;$:L[
12000 :Fu.S1j$
hj s[$,1
Current assets !Yd7&#s
60000 X)x$h{ OE
50000 fn]f$n*`
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Total assets SBZqO'}7
100000 \$W>@w0
90000 1r'skmxq
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Current liabilities @.@O#
20000 -ich N/U]s
18000 iW9G0Ay
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Total liabilities |aI
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30000 @WED
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25000 .Xqe]cax%
4At{(fwW
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During the audit, John has the following findings: -YPUrU[)
(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: EPkmBru
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Dr. Cash in Bank RMB 5820000 /p}^Tpu
Dr. Financial Expenses RMB 180000 unY+/p $
Cr. Notes Receivable RMB 6000000 R,>LUa*u
(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: krnxM7y
Dr. Non-operating Expenses RMB 3000000 1<IF@__
Cr. Provisions RMB 3000000 ezS@LFaA
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 lpi^<LQ@l
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: %a$ l%8j&
Dr. Provisions RMB 3000000 Q+YYj
Cr. Cash in Bank RMB 2500000 Wo+fMn(O
Cr. Non-operating Income RMB 500000
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Required: W"Mwp
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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]
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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:
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(a)Inventory Turnover Rate in 20×8; .W>LEz'
(b)Gross Profit Ratio in 20×8; %PW_v~sg
(c)After Tax Return on Total Assets in 20×8; and "&lQ5]N.%
(d)Current Ratio as at December 31, 20×8 #2{H!jr
(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. ,}?x!3
【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。 M ^S <G
以下是未经审计财务报表的部分信息: S+9}W/
(单位:千元) f2ea|l
项目 20×8 20×7 vM5yiHI(jb
营业收入 64 000 48 000 Q#M@!&
营业成本 54 000 42 000 WOkAma-
净利润 30 -20 =cz^g^7
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20×8年12月31日 20×7年12月31日 ]l/ PyX
存货 16 000 12 000 0[E}[{t`
流动资产 60 000 50 000 IqD;*
总资产 100 000 90 000 jAXKp
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流动负债 20 000 18 000 -9)H[}.
总负债 30 000 25 000 U4s)3jDw
在审计过程中,约翰发现以下事项: 9eR4?^(3!
(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: dA03,s
借:银行存款5 820 000 'ip2| UG
财务费用 180 000 Qze.1h
贷:应收票据6 000 000 Y-YlQ^
(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: rHngYcjR
借:营业外支出 3 000 000 b}<?& @
贷:预计负债 3 000 000 Tew?e&eO
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: 7H=V|Btnc
借:预计负债 3 000 000 9fQ[:Hl"
贷:银行存款 2 500 000 w{+G/Ea
营业外收入 500 000 h
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要求: }o,-@R~
(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。 o|`%>&jP
(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: %7}ibz4iF
(a)20×8年存货周转率 j{&*]QTN
(b)20×8年销售毛利率 8@rddk
(c)20×8年总资产净利率 hlKM
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(d)20×8年12月31日的流动比率 <ddXvUCX
(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) kD*r@s]=
【答案】 FHOF6}if
(1)应选择营业收入作为计算重要性水平的基础。 +%sMd]$,n
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ,uoK'_
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 0Ba*"/U]t~
销售毛利率=(64000-54000)/64000×100%=15.63% i(O+XQ}Fyx
总资产净利率=30/[(100000+90000)/2]=0.03% b%wm-p
流动比率=60000/20000=3 6Cj$x.-K
(3) qe[P'\]L
a.应建议做如下审计调整分录: ;X;q8J^_K_
借:应收票据 6 000 000 0]k-0#JM
贷:短期借款 5 820 000 a'!p^/6?
财务费用 180 000 7ILb&JQ!%{
b.应建议做如下审计调整分录: ;)Fc@OXN>
借:预计负债 3 000 000 ZVIlVuZ}
贷:营业外支出 500 000 'f_[(o+n
其他应付款 2 500 000 +d!"Zy2|B