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)。 UGC|C F2K
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: :YJ7J4
(Expressed in RMB thousands) [mB(GL
FINANCLAL STATEMENTS ITEMS `/wq3+ ?
20×8 F%_,]^ n[
20×7 QVG0>,+}$
/romTK4
Sales itC *Z6^
64000 `m@]
48000 Ss<_K>wk
sPE)m_u
Cost of sales %is,t<G
54000 _> |R-vQ8
42000 1Oca@E\Z.
CVGOX z
Net profit S1az3VJI\
30 o3i,B),K
-20 csFJ
5
17n+4J]
dp
UdFuU"
December 31, 20×8
DUuC3^R
December 31, 20×7 .,ppGc|*
yYG3/Z3u5
Inventory .e FOfV)
16000 T[4[/n>i
12000 I_zk'
Vyq#p9Q
Current assets p'Y&Z?8
60000 "%
}Gy>;
50000 ){:q;E]^fB
h=K36a)
Total assets ! =\DC,-CB
100000 s}[A4`EWH
90000 z)ft3(!
\`P2Yq
Current liabilities ^EC)~HP@C
20000 /jjW/lr
18000 kyRh k\X
?`N57'iPb
Total liabilities 0\EpH[m}-
30000 un$ Z7W/
25000 WbC0H78]
v9t47>V
wr3_Bf3]
During the audit, John has the following findings: B@"SOX
(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: KJ0xp hf
Dr. Cash in Bank RMB 5820000 TbKP8zw{
Dr. Financial Expenses RMB 180000 H)`C ncB
Cr. Notes Receivable RMB 6000000 |<j,Tr1[
(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: z)58\rtz
Dr. Non-operating Expenses RMB 3000000 7x[LF ^o
Cr. Provisions RMB 3000000 7]/dg*A )C
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ,>bGbx
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: ?AeHVQ
:C
Dr. Provisions RMB 3000000 H )BOSZD
Cr. Cash in Bank RMB 2500000 6?3/Ul}
Cr. Non-operating Income RMB 500000 W"b&M%y|
Required: 1a($8>
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. V-D}U$fw
(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: u%6Irdx
(a)Inventory Turnover Rate in 20×8; "8wf.nZ
(b)Gross Profit Ratio in 20×8; Q vv\+Jp^
(c)After Tax Return on Total Assets in 20×8; and !G)mjvEe
(d)Current Ratio as at December 31, 20×8 4
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(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. TIcd
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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。 w?]ZU-
以下是未经审计财务报表的部分信息: XKz;o^1a^
(单位:千元) 5cyddlaat
项目 20×8 20×7 YMc8Q\*B
营业收入 64 000 48 000 !Y ;H(.A/
营业成本 54 000 42 000 I! h(`
净利润 30 -20 d\~p5_5.
y-w2O]
20×8年12月31日 20×7年12月31日 `ir&]jh.A
存货 16 000 12 000 ioB|*D<U2
流动资产 60 000 50 000 0K=Qf69Y
总资产 100 000 90 000 :V&N\>Wo
流动负债 20 000 18 000 "C_T]%'Wm
总负债 30 000 25 000 |A ;o0pL
在审计过程中,约翰发现以下事项: ^=eq .(>
(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: Q0pC4WJ`
借:银行存款5 820 000 E:u ReT
财务费用 180 000 SQq6X63 \
贷:应收票据6 000 000 $x?NNS_ "J
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: q*~gWn>T
借:营业外支出 3 000 000 L8K0^~Mk
贷:预计负债 3 000 000 [leW/2i
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: nkCecwzr-
借:预计负债 3 000 000 N=OS\pz
贷:银行存款 2 500 000 7%{R#$F
营业外收入 500 000 kP7a:(P_g
要求: lp,\]]
(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。 Cw
1 9y
(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: `d75@0:
(a)20×8年存货周转率 cqeR<len
(b)20×8年销售毛利率 k/df(cs
(c)20×8年总资产净利率 VLf
g[*k
(d)20×8年12月31日的流动比率 u
WUR3n
(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) aRbx
【答案】 RXGHD19]
(1)应选择营业收入作为计算重要性水平的基础。 +p13xc?#j
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 /nc~T3j
xKY$L*
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 wb]*u7G
t/
销售毛利率=(64000-54000)/64000×100%=15.63% q.-y)C) ;
总资产净利率=30/[(100000+90000)/2]=0.03% A:kkCG!~Nf
流动比率=60000/20000=3 sT)6nV
(3) 3rxo,pX94
a.应建议做如下审计调整分录: Ej'
7h~ =v
借:应收票据 6 000 000 Yx6hA#7I
贷:短期借款 5 820 000 C1V# ?03eI
财务费用 180 000 3DH.4@7P
b.应建议做如下审计调整分录: p?
;-!TUv
借:预计负债 3 000 000 =K .r
贷:营业外支出 500 000 'g]hmE
其他应付款 2 500 000 9u?(^(.