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)。 Rv }e+5F
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: ~"8b\oLW
(Expressed in RMB thousands) V^"5cW
FINANCLAL STATEMENTS ITEMS (@]{=q<
20×8 8uNq353
20×7 r'"H8>UZ%
&R2 5J$
Sales tONxV`
64000 Bc$t`PI
48000 wTG6>l ]H
@hp@*$#& 9
Cost of sales C"K(-/
54000 t!v#rn[
42000 PKk_9Xd
(Zp'|hx8o
Net profit N|wI=To
30 1O8RGk4
-20 I;9>$?t[
^2=11
[+UF]m%W
December 31, 20×8 JS}iNS'X
December 31, 20×7 40+~;20
a=Pl3Uo
Inventory ngE5$}UM
16000 n1X 7T0'
12000 x ^&D8&4^
wP29xV"5
Current assets _3.
=| @L
60000 SRyAW\*LWU
50000 *Mk5*_
=XuBan3
B>
Total assets ,5.ve)/dE
100000 p{gJVP#l'Z
90000 "{Lp'+wNw
4vC
{ G.
Current liabilities bejvw?)S.
20000 B
E
!HM{-
18000 ly9.2<oz}L
1$H*E
~
Total liabilities {wVj-w=<W
30000 Dn1aaN6
25000 Jsde+G,N
M|xd9kA^
0CX2dk"UB^
During the audit, John has the following findings: VG'M=O{)3
(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: hX;JMQ915
Dr. Cash in Bank RMB 5820000 6B'd]Fe
Dr. Financial Expenses RMB 180000 9l<f?OzAO
Cr. Notes Receivable RMB 6000000 lcO;3CrJ!
(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: >NDI<9<'0}
Dr. Non-operating Expenses RMB 3000000 1ayL*tr
Cr. Provisions RMB 3000000 ap,%)on^
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;W 16Hr Z
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: TL'^@Y7X5
Dr. Provisions RMB 3000000 _P,3~ ;
Cr. Cash in Bank RMB 2500000 xvU@,bzz
Cr. Non-operating Income RMB 500000 zg>4/10P1q
Required: ROb2g|YXG
(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. -k(bM:
(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: W~b->F
(a)Inventory Turnover Rate in 20×8; 2"~|k_
(b)Gross Profit Ratio in 20×8; vuN!7*d+
(c)After Tax Return on Total Assets in 20×8; and 4Cm+xAXG
(d)Current Ratio as at December 31, 20×8 2Tt^^Lb
(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. {{N*/E^
【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。 ,X^I]]
以下是未经审计财务报表的部分信息: FK
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(单位:千元) =r=?N\7I
项目 20×8 20×7 JlaT
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营业收入 64 000 48 000 Y~,ZBl,
营业成本 54 000 42 000 @,kR<
1
净利润 30 -20 `?P)RS30
HX}9;O
20×8年12月31日 20×7年12月31日 |%\>+/j$
存货 16 000 12 000 B
eFCt;
流动资产 60 000 50 000 |&wwH&<[z
总资产 100 000 90 000 'Sk-L
5
流动负债 20 000 18 000 ~IQ3B$4H&
总负债 30 000 25 000 ebv"`0K$
在审计过程中,约翰发现以下事项: !I)wI~XF)5
(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: a>6@1liT
借:银行存款5 820 000 KcPI,.4{
财务费用 180 000 |
6/ # H*
贷:应收票据6 000 000 L JW0UF|
(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: ,]FcWx
\u
借:营业外支出 3 000 000 V
d`}F0WD
贷:预计负债 3 000 000
Z2@_F7cXt
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: S~GL_#a
借:预计负债 3 000 000 %0
&c0vT
贷:银行存款 2 500 000 zfGS=@e]G
营业外收入 500 000 pA?kv]l(
要求: 7^bde<0
(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。 ^p7g[E&
(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: VelR8tjP
(a)20×8年存货周转率 jq_E{Dq1
(b)20×8年销售毛利率 7gxC
xfL$
(c)20×8年总资产净利率 + 0DPhc
(d)20×8年12月31日的流动比率 ]'q"Kw/10
(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) A*x3O%zH
【答案】 ?hfyQhR
(1)应选择营业收入作为计算重要性水平的基础。 w%' 8bH!
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 sW#OA\i&
6O@/Y;5i
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 YZ\a#s,0
销售毛利率=(64000-54000)/64000×100%=15.63% ~Y)h[
总资产净利率=30/[(100000+90000)/2]=0.03% SOg>0VH)
流动比率=60000/20000=3 (,P6cWt}"
(3) o W<Z8s;p
a.应建议做如下审计调整分录: H5,rp4H9
借:应收票据 6 000 000 zLt7jxx
贷:短期借款 5 820 000 xQKRUHDc
财务费用 180 000 1^v?
Ly8
b.应建议做如下审计调整分录: k\/idd[
借:预计负债 3 000 000 G_1`NyI
贷:营业外支出 500 000 a Byetc88/
其他应付款 2 500 000 _]aA58,j