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)。 vt
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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: x#
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(Expressed in RMB thousands) ` d`&R.'
FINANCLAL STATEMENTS ITEMS C*pLq5s
20×8 {B^pnLc
20×7 n\>.T[$"
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Sales X;]3$\F
64000 yJ J8"s~i
48000 \+]O*Bm&`8
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Cost of sales D_ ug-<QT
54000 UK:M:9
42000 RKk"
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Net profit *vs~SzF$
30 (`mOB6j
-20 bZ1 0v;
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December 31, 20×8 %kW3hQ<$
December 31, 20×7 Y_lCcu#OA
4K #^dJnC
Inventory C$y fMK,,N
16000 >fwlg-
12000 GfNWP
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Current assets gTD%4V
60000 _w%s(dzk
50000 d<?X3&J
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Total assets 5j1 IH,yW
100000 -;S3|
90000 u2om5e:
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Current liabilities b)y<.pS\
20000 0k7"H]J
18000 FJlsWh4,6=
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Total liabilities NIL^UN}
30000 x"
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25000 1W7
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During the audit, John has the following findings: cnYYs d{
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: /gF]s_
Dr. Cash in Bank RMB 5820000 EK.c+Or,
Dr. Financial Expenses RMB 180000 a6 * Y%?
Cr. Notes Receivable RMB 6000000 >:fJhF@
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: p+5#dbyr
Dr. Non-operating Expenses RMB 3000000 :.C)7( 8S
Cr. Provisions RMB 3000000 BiI{8`M!$x
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 XSls]o
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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: Xe> ~H4I9
Dr. Provisions RMB 3000000 81cv:|"
Cr. Cash in Bank RMB 2500000 )/
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Cr. Non-operating Income RMB 500000 +-",2d+g
Required: P@-R5
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(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. _i#@t7
(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: ,at-ci\'
(a)Inventory Turnover Rate in 20×8; n9w j[t1/
(b)Gross Profit Ratio in 20×8; }$
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(c)After Tax Return on Total Assets in 20×8; and _{3k+DQ
(d)Current Ratio as at December 31, 20×8 bmSpbX\
(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. YD dLD
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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。 /XbY<pj
以下是未经审计财务报表的部分信息: 0FN~$+t)H
(单位:千元) aB7d(
项目 20×8 20×7 EPR(i#xU
营业收入 64 000 48 000 !~Ax
营业成本 54 000 42 000 n,1NJKX
净利润 30 -20 rZb_1E<
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20×8年12月31日 20×7年12月31日 /{49I,
存货 16 000 12 000 38OIFT
流动资产 60 000 50 000 *yL|}
总资产 100 000 90 000 +D6-m
流动负债 20 000 18 000 xu0;a
总负债 30 000 25 000 |~Htj4K/
在审计过程中,约翰发现以下事项: B6^w{eXN
(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: !Q<8c =f
借:银行存款5 820 000 HFpjNR
财务费用 180 000 M^
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贷:应收票据6 000 000 <x.]OZgO
(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:
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借:营业外支出 3 000 000 -zkW\O[
贷:预计负债 3 000 000 1"*Nb5s
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: }:K\)Pd
借:预计负债 3 000 000
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贷:银行存款 2 500 000 Xd90n>4S
营业外收入 500 000 hCSRsk3
要求: (e>RNn\
(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。 k4]R]=Fh.
(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: }7f 1(#{7
(a)20×8年存货周转率 '33Yl+h
(b)20×8年销售毛利率 n-L]YrDPK[
(c)20×8年总资产净利率 'Y,+D`&i)
(d)20×8年12月31日的流动比率 tr#)iZ\
(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) ^F;Z%5P=
【答案】 Oi+Qy[y2
(1)应选择营业收入作为计算重要性水平的基础。 hVTyv"
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Q#d+IIR0gK
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 s8/ozaeo
销售毛利率=(64000-54000)/64000×100%=15.63% 9;m#>a@Y
总资产净利率=30/[(100000+90000)/2]=0.03% 6x`\
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流动比率=60000/20000=3 N6-2*ES
(3) WVB
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a.应建议做如下审计调整分录: }V93~>
借:应收票据 6 000 000 P:bVcta9g
贷:短期借款 5 820 000 l7=$4As/hI
财务费用 180 000 2-
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b.应建议做如下审计调整分录: {VrAh*
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借:预计负债 3 000 000 n?7hp%}
贷:营业外支出 500 000 6c;?`C
其他应付款 2 500 000 >Gw%r1)