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)。 bvKi0-
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: ]vrs?
(Expressed in RMB thousands) aV.<<OS
FINANCLAL STATEMENTS ITEMS Ky|0IKE8Z
20×8 &3. 8i%
20×7 XQPJ(.G
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Sales "/=xu|
64000 ^~od*:
48000 l@
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m 9S5;kB]
Cost of sales fE iEy%o
54000 h:wD
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42000 3WHH3co[
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Net profit MJoC*8QxM
30 }"v"^5
-20 5=\b+<pE
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Zuf&maa S
December 31, 20×8 %qhaVM$]
December 31, 20×7 :cs
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Inventory '
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16000 (A_9;uL^_
12000 jC=_>\<|X*
L\5n!(,0
Current assets -q27N^A0
60000 v>6r
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50000 Hl51R"8o
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Total assets 2Qy&V/E ?
100000 #<:khs6
90000 li?Gb1
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Current liabilities ;
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20000 4T"P#)z
18000 VPuzu|
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Total liabilities d>f5Tl\E
30000 A'T! og|5
25000 +9t@eHJT1
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W-MQMHQ
During the audit, John has the following findings: C|+5F,D
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: .+.Pc_fv
Dr. Cash in Bank RMB 5820000 H4U;~)i
Dr. Financial Expenses RMB 180000 >*&[bW'}?
Cr. Notes Receivable RMB 6000000 hk(^?Fp
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: BTB,a$P/
Dr. Non-operating Expenses RMB 3000000 :hr%iu
Cr. Provisions RMB 3000000 G|V ^C_:
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 2B|3`trY4x
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: ^(y4]yZ
Dr. Provisions RMB 3000000 :gmVX}
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 v?}/WKe+0
Required: Mppb34y
(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'8
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(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: Ty>`r n
(a)Inventory Turnover Rate in 20×8; zK}.Bhj#
(b)Gross Profit Ratio in 20×8; ~be&T:7.
(c)After Tax Return on Total Assets in 20×8; and aDs[\'
(d)Current Ratio as at December 31, 20×8 `ainJs:B
(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. I>:'5V
【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。 (1ebE
以下是未经审计财务报表的部分信息: Xa36O5$4]9
(单位:千元) |oX l+&u
项目 20×8 20×7 jd#{66:
营业收入 64 000 48 000 K/altyj`
营业成本 54 000 42 000 R]dc(D
净利润 30 -20 %
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20×8年12月31日 20×7年12月31日 mR@iGl\\
存货 16 000 12 000 rz4S"4
流动资产 60 000 50 000 sD
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总资产 100 000 90 000 ~*&_zPTN
流动负债 20 000 18 000 e_
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总负债 30 000 25 000 r3|vu"Uei
在审计过程中,约翰发现以下事项: *}Fo
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(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: =fm/l-P@
借:银行存款5 820 000 w$1
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财务费用 180 000 {aU~[5L3(
贷:应收票据6 000 000 [qc90)^Q,
(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: ?P}7AF
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借:营业外支出 3 000 000 h)sc-e
贷:预计负债 3 000 000 @>da%cX
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: gZ 9<H q
借:预计负债 3 000 000 zdtzR<X
贷:银行存款 2 500 000 ?(F~
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营业外收入 500 000 $L(,q!DvH
要求: |3s-BKbN4
(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。 [mX\Q`)QP
(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: a&j
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(a)20×8年存货周转率 =*t)@bn
(b)20×8年销售毛利率 9n1O@~
(c)20×8年总资产净利率 W;2y.2*
(d)20×8年12月31日的流动比率 =>&d[G[m!
(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) vAX %i( 4
【答案】 T<! T
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(1)应选择营业收入作为计算重要性水平的基础。 7&2xUcsz
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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。 (g5T2(_6L
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 hD
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销售毛利率=(64000-54000)/64000×100%=15.63% "@.hz@>
总资产净利率=30/[(100000+90000)/2]=0.03% eP6>a7gc
流动比率=60000/20000=3 &rjMGk"&
(3) (.Sj"6+
a.应建议做如下审计调整分录: I/t2c=f
借:应收票据 6 000 000 /:l>yKI+~
贷:短期借款 5 820 000 '(=krM9;
财务费用 180 000 *r=6bpi
b.应建议做如下审计调整分录: $33wK
借:预计负债 3 000 000 0D=6-P?^
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贷:营业外支出 500 000 zK?[6n89f
其他应付款 2 500 000 A+>+XA'