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)。 FDv<\2+ c
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: GiJ *Wp
(Expressed in RMB thousands) >>QY'1Eu
FINANCLAL STATEMENTS ITEMS Vouvr<43o
20×8 t^UxR@l<K|
20×7
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Sales I~[F|d>
64000 `A,-@`p
48000 %gInje
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Cost of sales 'I`&Yo~c9
54000 &r[`>B{tP
42000 D+#E-8
'HO$C,1]
Net profit SDC4L <!
30 }cM}Oavh
-20 imVo<Je7z(
~]nRV *^
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December 31, 20×8 ?'IP4z;y
December 31, 20×7 Z
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OP;v bZ
Inventory H(H<z,$}T
16000 O5!7'R
Z
12000 Cw~q4A6'
oF vfCrd
Current assets ]q\b,)4
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60000 E}%B;"b/Tj
50000
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Total assets bAdn &
100000 !:)s"|=
90000 CVDV)#JA
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Current liabilities "N;`1ce
20000 S};#+ufgTt
18000 IWk4&yHUAu
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Total liabilities J f@H/luW
30000 2Zm0qJ
25000 Yh7rU?Gj
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During the audit, John has the following findings: } FE>|1
(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: Qo>b*Ku;
Dr. Cash in Bank RMB 5820000 '_<{p3M
Dr. Financial Expenses RMB 180000
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Cr. Notes Receivable RMB 6000000 5b5x!do
(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: %]\kgR
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Dr. Non-operating Expenses RMB 3000000 QemyCCP+
Cr. Provisions RMB 3000000 %Celc#v
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 N>Xo_-QCY
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: x;w6na
Dr. Provisions RMB 3000000 _ "E$v&_
Cr. Cash in Bank RMB 2500000 5CuuG<0
Cr. Non-operating Income RMB 500000 Ig
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Required: Nv$R\' 3
(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. 9X[kEl
(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: *F WMn.
(a)Inventory Turnover Rate in 20×8; 57aXQ8u{
(b)Gross Profit Ratio in 20×8; XWDL5K
(c)After Tax Return on Total Assets in 20×8; and "_P
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(d)Current Ratio as at December 31, 20×8 C
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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. #
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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。 T
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以下是未经审计财务报表的部分信息: %W'v}p
(单位:千元) FSP+?
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项目 20×8 20×7 IO wj>t
营业收入 64 000 48 000 #||}R[~P"
营业成本 54 000 42 000 90Pl$#cb2
净利润 30 -20 wrviR
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20×8年12月31日 20×7年12月31日 B{/R: Hm
存货 16 000 12 000 WJ$bf(X*
流动资产 60 000 50 000 &\#sI9
总资产 100 000 90 000 -#7'r<I9@
流动负债 20 000 18 000 S
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总负债 30 000 25 000 >q#rw
在审计过程中,约翰发现以下事项: yUeCc"Vf
(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]Ln4
借:银行存款5 820 000 V08?-Iz$
财务费用 180 000 $:BKzHmg
贷:应收票据6 000 000 $>G8_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: EH$1fv
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借:营业外支出 3 000 000 +j#+8Ze
贷:预计负债 3 000 000 kh!FR u h
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: jGJLSEe_
借:预计负债 3 000 000 C](f>)Dz
/
贷:银行存款 2 500 000 5:\},n+VE
营业外收入 500 000 1!ii;s^e
要求: C\\~E9+
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 \jh'9\
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: oNr-Q& C,
(a)20×8年存货周转率 Ua<5U5
(b)20×8年销售毛利率 0[A[U_b
(c)20×8年总资产净利率 f6EZ(
v
(d)20×8年12月31日的流动比率 t;\kR4P
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) eds o2
【答案】 t
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(1)应选择营业收入作为计算重要性水平的基础。 @>u]4Jn
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 +:8fC$vVfC
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 k;2GEa]w
销售毛利率=(64000-54000)/64000×100%=15.63% C`K?7v3$m
总资产净利率=30/[(100000+90000)/2]=0.03% DD7h^-x
流动比率=60000/20000=3 lun#^ J
(3) p
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a.应建议做如下审计调整分录: [6 pD
借:应收票据 6 000 000 yGI;ye'U
贷:短期借款 5 820 000 ;l4[%xld
财务费用 180 000 +vvv[
b.应建议做如下审计调整分录: R_(tjkT
借:预计负债 3 000 000 ;ZH3{
贷:营业外支出 500 000 3Iua*#<m,
其他应付款 2 500 000 VE#Wb7