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)。 pH%K4bV)8
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: UT -=5
(Expressed in RMB thousands) !VW#hc\A5
FINANCLAL STATEMENTS ITEMS |8"HTBb\CW
20×8 {sLh=iK
20×7 J{Jxb1:c
(`&g
Sales qXW5_iX
64000 W$W7U|Z9y+
48000 VCI G+Gz
uv$y"1'g
Cost of sales dFlx6H+R!0
54000 hn-S$3')`
42000 Kf*+Ilq%L
V>hy5hDpH
Net profit 4D8q Gti
30 UU_k"D~
-20 @m6E*2Gg
Z`D#L[z$
T
UT>*
December 31, 20×8 KM6r}CDHs
December 31, 20×7 e>[QF+e)y
79z(n[^
Inventory +3!um
16000 Lr V)}1&5
12000 r. =_=V/t
Cir==7A0
Current assets dt<PZ.
60000 n@Y`g{{e~
50000 z{7&= $
s'J8E+&5
Total assets |r$Vb$z
100000 -6aGcPq
90000 (Rve<n6{A
Gmf.lHr$%
Current liabilities K3M<%
20000 pg ;agtI
18000 g< M\zD
ej]^VS7w[r
Total liabilities bo4 :|Z
30000 gQCkoQi:j
25000 ubju uha"
HJ:s)As
]4@_KKP
During the audit, John has the following findings: 0bVtku K;G
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: w$u=_
Dr. Cash in Bank RMB 5820000 eh&? BP?
Dr. Financial Expenses RMB 180000 Ky[/7S5E
Cr. Notes Receivable RMB 6000000 ck){N
?y
(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: 4t|ril``]
Dr. Non-operating Expenses RMB 3000000 C7[_#1Oz
Cr. Provisions RMB 3000000 '(7]jug
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 "[q/2vC
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: "@;q! B.qo
Dr. Provisions RMB 3000000 ~
b!mKyrZ
Cr. Cash in Bank RMB 2500000 ;^^u _SuH
Cr. Non-operating Income RMB 500000 Hl8-1M$&
Required: hbD@B.PD
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. yNoJrA
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: pn{Mj
(a)Inventory Turnover Rate in 20×8; *!ZU"q}i
(b)Gross Profit Ratio in 20×8; dP
=1*
(c)After Tax Return on Total Assets in 20×8; and @kenv3[Lc
(d)Current Ratio as at December 31, 20×8 k"uqso/
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 5hUYxF20h8
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 U}x2,`P
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以下是未经审计财务报表的部分信息: q&B'peT
(单位:千元) hWfJh0I
项目 20×8 20×7 ZT5t~5W
营业收入 64 000 48 000 u-=S_e
营业成本 54 000 42 000 4_ztIrw
净利润 30 -20
F42r]k
;]D@KxO$dJ
20×8年12月31日 20×7年12月31日 |"8Az0[!
存货 16 000 12 000 |FHeT*"
流动资产 60 000 50 000
?}e8g
总资产 100 000 90 000 Ol`/r@s
流动负债 20 000 18 000 3k`"%R.H
总负债 30 000 25 000 "WdGY*r
在审计过程中,约翰发现以下事项: R] tHd=kf
(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: r /63
借:银行存款5 820 000 cKEf- &~
财务费用 180 000 MUh)
贷:应收票据6 000 000 ,B(UkPGT
(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: f ?_Y
dVZ
借:营业外支出 3 000 000 (C={/waJ
贷:预计负债 3 000 000 *6sB$E_y
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ,%w_E[2
借:预计负债 3 000 000 T^B&GgW
贷:银行存款 2 500 000 *91iFeKj=
营业外收入 500 000 @vh3S+=M
要求: BG_m}3j
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 z6#N f,
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: uc<XdFcu
(a)20×8年存货周转率 6Xb\a^q
(b)20×8年销售毛利率 y44FejH(v
(c)20×8年总资产净利率 :WIbjI=
(d)20×8年12月31日的流动比率 w|pk1~c(_
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) {9vvj
【答案】 I&l 1b>
(1)应选择营业收入作为计算重要性水平的基础。 O`~G'l&@T
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 )tl=tH/$
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 i;;CU9`E2q
销售毛利率=(64000-54000)/64000×100%=15.63% m3C&QdjRp
总资产净利率=30/[(100000+90000)/2]=0.03% 0N$tSTo.-<
流动比率=60000/20000=3 '}dlVf
(3) vmK<_xbwd
a.应建议做如下审计调整分录: M` Jj!
借:应收票据 6 000 000 r5%K2q{
贷:短期借款 5 820 000 -%*>z'|{
财务费用 180 000 5Al59]
b.应建议做如下审计调整分录: lBqu}88q0
借:预计负债 3 000 000 Y$uXBTR`y/
贷:营业外支出 500 000 ]`0(^)U&
其他应付款 2 500 000 B;XFPQ#b