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)。 2+enRR~
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: 6T-(GHzfHJ
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS wv<"W@& 9
20×8 mXr)lA
20×7 yVL~SH|
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Sales &^EkM
64000 iG;6e~p
48000 C8?/$1|RL
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Cost of sales V;m3=k0U
54000 l6&R
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42000 &"BKue~q@p
ZA!vxQ?P,
Net profit l$FHL2?Cp
30
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-20 yoH6g?!O
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December 31, 20×8 u*M*WpY
December 31, 20×7 u^ T2
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Inventory 8S0)_L#S
16000 Cc^t&Eg
12000 yY1&hop
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Current assets ISl'g'o
60000 ?0.+DB
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50000 mBNa;6w?{*
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Total assets {DpZg",H-
100000 eq"~b
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90000 4U((d
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Current liabilities 9TF[uC)-2
20000 &t4j p
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18000 03,+uf
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Total liabilities Hi?],5,/
30000 03MB,
25000 #i~.wQ$1
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During the audit, John has the following findings:
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(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: L<E`~\C'
Dr. Cash in Bank RMB 5820000 SO}Hc;Q1`
Dr. Financial Expenses RMB 180000 @A)gsDt9A
Cr. Notes Receivable RMB 6000000 Xdjxt?*
(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: W2n%D& PE
Dr. Non-operating Expenses RMB 3000000 Gm*i='f!?
Cr. Provisions RMB 3000000 ;1BbRnCr
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 u~G,=n
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: yXDf;`J
Dr. Provisions RMB 3000000 E;h#3
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Cr. Cash in Bank RMB 2500000 PPohpdd)
Cr. Non-operating Income RMB 500000 39u!j|VH
Required: Jk`A }
(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. aeSXHd?+(
(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: 7)[4|I
(a)Inventory Turnover Rate in 20×8; ?
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(b)Gross Profit Ratio in 20×8; f~E'0f_
(c)After Tax Return on Total Assets in 20×8; and IH{g-#U
(d)Current Ratio as at December 31, 20×8 +('jqbV
(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. &359tG0@P
【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。 C[~b6UP
以下是未经审计财务报表的部分信息: #MI}KmH
(单位:千元) B&tl6?7h
项目 20×8 20×7 KSLyU1W
营业收入 64 000 48 000 27;*6/>,
营业成本 54 000 42 000 S9mj/GpL3
净利润 30 -20 xGz$M@f
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20×8年12月31日 20×7年12月31日 TVKuvKH8U
存货 16 000 12 000 u+S*D\p<`
流动资产 60 000 50 000 f4uK_{
总资产 100 000 90 000 @
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流动负债 20 000 18 000 0Ebs-kP
总负债 30 000 25 000 0e3aWn
在审计过程中,约翰发现以下事项: OrHnz981K
(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: Nk]r2^.z[
借:银行存款5 820 000 c>I^SY
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财务费用 180 000 P E.^!j
贷:应收票据6 000 000 X1$0'usS
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录:
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借:营业外支出 3 000 000 ?(hdV?8)P
贷:预计负债 3 000 000 ]_j{b)t
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: =`g+3
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借:预计负债 3 000 000 is`le}$^y
贷:银行存款 2 500 000 AOeptv^k3}
营业外收入 500 000 wz;IKdk[
要求: YwEXTy>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。 ?/NxZ\
(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: O7:JG[tR*
(a)20×8年存货周转率 M" %w9)@
(b)20×8年销售毛利率 d&t|Y:,8
(c)20×8年总资产净利率 y~;Kf0~
(d)20×8年12月31日的流动比率
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(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) Vhv<w
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【答案】 -cEjB%Neo
(1)应选择营业收入作为计算重要性水平的基础。 1[/X$DyaK
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 l3-;z)SgH
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 H
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销售毛利率=(64000-54000)/64000×100%=15.63% i9uJ%nd:
总资产净利率=30/[(100000+90000)/2]=0.03% :jgwp~l
流动比率=60000/20000=3 8D)2/$NsY}
(3) b?qtTce
a.应建议做如下审计调整分录: T+RfMEdr
借:应收票据 6 000 000 ABB4(_3E
贷:短期借款 5 820 000 6 C;??Y>b
财务费用 180 000 #%Uk}5;-
b.应建议做如下审计调整分录: $D\S
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借:预计负债 3 000 000 jbGP`b1_
贷:营业外支出 500 000 }JoCk{<31
其他应付款 2 500 000 r( :"BQ