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)。 hQ6a~?f
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: V7G7&'
(Expressed in RMB thousands) I1oje0$
FINANCLAL STATEMENTS ITEMS HHX-1+L
20×8 Y)N-V
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20×7 &[NG]V!Oc
P&m\1W(
Sales R8rfM?"W
64000 kr$b^"Ku
48000 K7Rpr.p
Hqnx
q
Cost of sales w.,Q1\*rPp
54000 LK6; ?m
42000 .<tquswg
o?1
;<gs
Net profit .s+aZwTMT
30 322jR4QGr
-20 U9D!GKVp
k+I}PuG
>5s6u`\
December 31, 20×8 7eWk7&Xul
December 31, 20×7 WD Fjp
`n$5+a+
Inventory [7_56\G4
16000 { hln?'
12000 MlLb|!,)T
2z\zh[(w
Current assets [mEql,x3
60000 7jnIv];i
50000 moP,B~
btdb%Q*
Total assets K'K2X-E
100000 }y9mNT
90000 |t; ~:A
GA7}K:LP'k
Current liabilities p-1 3H0Kt
20000 /axIIfx-
18000 r$]HIvJD
%tG*C,l
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Total liabilities ~T) Q$
30000 lA>D
S#_
25000 5@^ dgq
u%~igt@x
M33_ja +L
During the audit, John has the following findings: ~z" =G5|
(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: kcb.Wz~=
Dr. Cash in Bank RMB 5820000 rvr-XGK36\
Dr. Financial Expenses RMB 180000 PJ='tJDj
Cr. Notes Receivable RMB 6000000 lNQcYv
(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: -V: "l
Dr. Non-operating Expenses RMB 3000000 pp7$J2s+j
Cr. Provisions RMB 3000000 `,Ph/oM
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 >yY'7Ey
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:
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Dr. Provisions RMB 3000000 MwmUgN"g
Cr. Cash in Bank RMB 2500000 0ez(A
Cr. Non-operating Income RMB 500000 TDd{.8qf
Required: P(t[
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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. 1Bpv"67
(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: 5uxBK"q
(a)Inventory Turnover Rate in 20×8; %/9
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(b)Gross Profit Ratio in 20×8; l x,"EOP
(c)After Tax Return on Total Assets in 20×8; and NJNJjdD>
(d)Current Ratio as at December 31, 20×8 X^WrccNX
(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. )T k1 QHU
【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。 Q>n|^y6
以下是未经审计财务报表的部分信息: -!c"k}N=
(单位:千元) irN6g#B?
项目 20×8 20×7 8T(e.I
营业收入 64 000 48 000 @xB*KyUW
营业成本 54 000 42 000 yRo-EP
净利润 30 -20 K~22\G`
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20×8年12月31日 20×7年12月31日 }d<}FJ-,
存货 16 000 12 000 !"eIV@7
流动资产 60 000 50 000 AE} )o)B
总资产 100 000 90 000 o1<_fI
流动负债 20 000 18 000 }g4 M2|
总负债 30 000 25 000 +|tC'gCnV
在审计过程中,约翰发现以下事项: 1 5A*7|
(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: |Pg@M
借:银行存款5 820 000 ?2>
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财务费用 180 000 6P';DB
贷:应收票据6 000 000 =C~/7N,lW]
(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: 3Kn_mL3V-
借:营业外支出 3 000 000 9;veuX#(
贷:预计负债 3 000 000 )
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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: o`Ta("9^
借:预计负债 3 000 000 {l |E:>Q2
贷:银行存款 2 500 000 >Jp:O
7
营业外收入 500 000 [ :zO}r:
要求: j\m_o% 4
(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。 4fe7U=# ;Y
(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: '3?\K3S4i
(a)20×8年存货周转率 }Q";aU0^
(b)20×8年销售毛利率 @'|)~,"bx
(c)20×8年总资产净利率 clk[ /'1
(d)20×8年12月31日的流动比率 8O Soel
(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) -=(!g&0
【答案】 CxfRVL`7
(1)应选择营业收入作为计算重要性水平的基础。 ai
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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。 &B|D;|7H
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 CP6LHkM9
销售毛利率=(64000-54000)/64000×100%=15.63% i F+vl]
总资产净利率=30/[(100000+90000)/2]=0.03% $#] ]K
流动比率=60000/20000=3 9ksE>[7
(3) ca>Z7qT!
a.应建议做如下审计调整分录: ahPoEh
借:应收票据 6 000 000 z(H^..<!5
贷:短期借款 5 820 000 Op_RzZ
P`
财务费用 180 000
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b.应建议做如下审计调整分录: Ud!4"<C_
借:预计负债 3 000 000 eQ&ZX3*}
贷:营业外支出 500 000 k2AJXw
其他应付款 2 500 000 "U\4:k`: