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)。 *[yCcqN.
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) 9=<
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FINANCLAL STATEMENTS ITEMS 1Kc*MS
20×8
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20×7 %&gx@ \v
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Sales P9%9/ B:-
64000 PCaa_
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48000 j./bVmd.
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Cost of sales u:,B"!
54000 y/i"o-}}~|
42000 O
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Net profit m,up37-{
30 f"-<Z_
-20 Zs{ `Yf^
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December 31, 20×8 ;H\,w/E9
December 31, 20×7 -OkKLub
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Inventory s#qq%
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16000 5.\!k8a
12000 9Hc#[Ml
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Current assets M6X f}>
60000 eq4<
50000 HE(U0<9c
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Total assets RNt3az
100000 ,bH
90000 9f"6Jw@F
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Current liabilities U`8)rtYw
20000 VUt
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18000 5SKu \H\
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Total liabilities c|O5Vp}
30000 [yVU
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25000 ;hZ(20
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During the audit, John has the following findings: (wA|lK3
(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: {u5)zVYC,U
Dr. Cash in Bank RMB 5820000 sY#K=5R
Dr. Financial Expenses RMB 180000 8;Pdd1GyUL
Cr. Notes Receivable RMB 6000000 !*\^-uvaK
(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: 6"=e+V@
Dr. Non-operating Expenses RMB 3000000 T[;{AXLeI
Cr. Provisions RMB 3000000 W%$p,^@S5
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 f,ux
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: |w>DZG!}1-
Dr. Provisions RMB 3000000 x208^=F\\
Cr. Cash in Bank RMB 2500000 Xg%zE
Cr. Non-operating Income RMB 500000 f'.yM*
Required: je{5iIr3/
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. O42An$}
(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: 5GRN1Aov<
(a)Inventory Turnover Rate in 20×8; ?=T&
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(b)Gross Profit Ratio in 20×8; $qEJO=v
(c)After Tax Return on Total Assets in 20×8; and <w:fR|O
(d)Current Ratio as at December 31, 20×8 Em?skUnG,
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. HL!-4kN
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 +5HO T{wj
以下是未经审计财务报表的部分信息: 1R:h$*-z
(单位:千元) M1g|m|H7
项目 20×8 20×7 ~\kRW6
营业收入 64 000 48 000 SBF3\
营业成本 54 000 42 000 5_i&}c23Vn
净利润 30 -20 x*)Wl!
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20×8年12月31日 20×7年12月31日 \m\.+q]
存货 16 000 12 000 J{1O\i
流动资产 60 000 50 000 xFvSQ`sp
总资产 100 000 90 000 XH*^#c
流动负债 20 000 18 000 oJ
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总负债 30 000 25 000 ilHj%h*z
在审计过程中,约翰发现以下事项: AKWw36lm
(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: Y/
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借:银行存款5 820 000 Y}[r`}={
财务费用 180 000 ~KNxAxyVi
贷:应收票据6 000 000 $i2gOz
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: dy0!Zz
借:营业外支出 3 000 000 b"Ulc}$/&
贷:预计负债 3 000 000 &=UzF
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: 2Hd6
借:预计负债 3 000 000 g
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贷:银行存款 2 500 000 -`gC?yff:
营业外收入 500 000 #"OKO6]
要求: p;H1,E:Re#
(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。 -WYJ1B0v
(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: [v&_MQ
(a)20×8年存货周转率 5eU/ [F9
(b)20×8年销售毛利率 kOjq LA
(c)20×8年总资产净利率 1`uIjXr(
(d)20×8年12月31日的流动比率 @s[bRp`gd
(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) q\/|nZO4
【答案】 H9nq.<;p
(1)应选择营业收入作为计算重要性水平的基础。 JxWH
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 :G`_IB\
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 p$=3&qR 6
销售毛利率=(64000-54000)/64000×100%=15.63% 5N6%N1
总资产净利率=30/[(100000+90000)/2]=0.03% mB,7YZ
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流动比率=60000/20000=3 W=b5{
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(3) r*$"]{m}
a.应建议做如下审计调整分录: fvx0]of
借:应收票据 6 000 000 '2vlfQ@8a~
贷:短期借款 5 820 000 N,O[pTwj
财务费用 180 000 6SmSu\lgV
b.应建议做如下审计调整分录: M-Js"cB[
借:预计负债 3 000 000 vrbS-Z<S9
贷:营业外支出 500 000 8e-{S~@W
其他应付款 2 500 000 ~<eiWDf