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)。 TI9]v(
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:
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(Expressed in RMB thousands) S?M'JoYy
FINANCLAL STATEMENTS ITEMS
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20×8 D[NJ{E.{
20×7 d*e0/#s
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Sales Br
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64000 007(k"=oV
48000 mYy{G s7
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Cost of sales {-T}"WHg7
54000 K>tubLYh
42000 X(`wj~45VX
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Net profit DhVF^=x$
30 QQnpy.`:/
-20 O_M2Axm
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December 31, 20×8 M_+"RKp
December 31, 20×7 =Z3{6y}3p
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Inventory G=.vo3
16000 cQ?eL,z
12000 TvbkvK
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Current assets AO R{Xm
60000 6dCS Gb
50000 s?:&#
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Total assets I:ag}L
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100000 zXop@"(e
90000 [%);N\o2Y
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Current liabilities LR:v$3 G(
20000 )tq&l>0h
18000 co93}A,k
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Total liabilities Mx3MNX/
30000 &$1ifG
25000 ;77#
$
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During the audit, John has the following findings: g[NmVY-o
(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: b6mSPH@
Dr. Cash in Bank RMB 5820000 pdz_qj!Z
Dr. Financial Expenses RMB 180000 l8Xgz
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Cr. Notes Receivable RMB 6000000 ,v#F6xv8
(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: B=>VP-:
Dr. Non-operating Expenses RMB 3000000 o4%H/|Oq.
Cr. Provisions RMB 3000000 e={X{5z0
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 iOFp 9i=j
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: MsaD@JY.y
Dr. Provisions RMB 3000000 wNk 0F7Ck
Cr. Cash in Bank RMB 2500000 X6hp}
Cr. Non-operating Income RMB 500000 K~C6dy
Required: StuQ}
(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. OH(w3:;[8
(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: A>?_\<Gp
(a)Inventory Turnover Rate in 20×8; K4G43P5q`
(b)Gross Profit Ratio in 20×8; ho'Ihep,L
(c)After Tax Return on Total Assets in 20×8; and r+0<A.''a
(d)Current Ratio as at December 31, 20×8 sRMz[n5k
(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. ($h`Y;4
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 FyF./
以下是未经审计财务报表的部分信息: \6{w#HsP8
(单位:千元) KWq&<X5
项目 20×8 20×7 RjcU0$Hi
营业收入 64 000 48 000 u/I|<NAC,
营业成本 54 000 42 000 Sj[iKCEKtv
净利润 30 -20 pZ@)9c
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20×8年12月31日 20×7年12月31日 c\J?J>xz
存货 16 000 12 000 8p;|&7
流动资产 60 000 50 000 5 $vUdDTg
总资产 100 000 90 000 xy^t_];X
流动负债 20 000 18 000 1?oX"
总负债 30 000 25 000 NMM$
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在审计过程中,约翰发现以下事项: ]T?Py)
(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: $+P6R`K
借:银行存款5 820 000 (uxe<'Co|
财务费用 180 000 }Ai_peO0a
贷:应收票据6 000 000 InAx;2'A:
(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: -->~<o
借:营业外支出 3 000 000 Fx3CY W
贷:预计负债 3 000 000 U5iyvU=UG
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: ~YH'&L.O
借:预计负债 3 000 000 !:GlxmtoW?
贷:银行存款 2 500 000 o#^(mGj_.
营业外收入 500 000 1Z h4)6x
要求: H;~Lv;,g,
(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。 {\-9^RL
(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: Sb/`a~q^
(a)20×8年存货周转率 fK0VFN8<I
(b)20×8年销售毛利率 Fad.
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(c)20×8年总资产净利率 v<
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(d)20×8年12月31日的流动比率 G0izZWc
(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) +D@+j
【答案】 >,9ah"K_x
(1)应选择营业收入作为计算重要性水平的基础。 2m*g,J?ql
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 vOIzfwYG9
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >iKbn
销售毛利率=(64000-54000)/64000×100%=15.63% r'bPSu,
总资产净利率=30/[(100000+90000)/2]=0.03% e2dg{n$6"
流动比率=60000/20000=3 1Mtm?3Pt
(3) [Zpx
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a.应建议做如下审计调整分录: <Wwcd8d
借:应收票据 6 000 000 Qms,kX
贷:短期借款 5 820 000 UyUz_6J
财务费用 180 000 DD?zbN0X
b.应建议做如下审计调整分录: WXj
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借:预计负债 3 000 000 e!B>M{
贷:营业外支出 500 000 Fmd^9K
其他应付款 2 500 000 it#,5#Y: