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)。 D \sWZ
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: h=kh@},
(Expressed in RMB thousands) ;y\IqiA{o
FINANCLAL STATEMENTS ITEMS bc)~k:
20×8 E}p&2P+MR
20×7 s<_)$}
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Sales ~ZEmULKkR
64000 ()+<)hg}2
48000 ps%q9}J
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Cost of sales _:C9{aEZb
54000 T
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42000 pd7NF-KD
fb8g7H|
Net profit $[&*Bj11Yg
30 R0vI bFwj
-20 ,:H\E|XeBw
7Kal"Ew
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December 31, 20×8 m{uxIza
December 31, 20×7 MIoEauf
4 G-wd
Inventory TAF
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16000 WKIoS"?-F
12000 9Hu/u=vB<
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Current assets M&Uj^K1
60000 @$c\dvO
50000 ,Bo>E: u
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Total assets jvFTR'R)=
100000 ;@Z#b8a
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90000 ?5cI'
wl$h4 {L7
Current liabilities 1ilBz9x*!
20000
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18000 (%xwl
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Total liabilities `~;rblo;
30000 rJ{O(n]j
25000 [YT>*BH ?
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During the audit, John has the following findings: O1*NzY0Y%-
(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: y2vUthRwo
Dr. Cash in Bank RMB 5820000 KiOcu=F
Dr. Financial Expenses RMB 180000 88h3|'*
Cr. Notes Receivable RMB 6000000 3*)i
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(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: (RZD'U/B
Dr. Non-operating Expenses RMB 3000000 sWblFvHqrU
Cr. Provisions RMB 3000000 e `,ds~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 FMkzrs
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: 5
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Dr. Provisions RMB 3000000 hk;7:G
Cr. Cash in Bank RMB 2500000 dwd:6.J(
Cr. Non-operating Income RMB 500000 S"k*6U
Required: Gkv{~?95
(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. Z(_ZAB%+D
(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: i'wAE:Xe
(a)Inventory Turnover Rate in 20×8; jSuL5|Gui
(b)Gross Profit Ratio in 20×8; -s$F&\5by
(c)After Tax Return on Total Assets in 20×8; and /<8N\_wh
(d)Current Ratio as at December 31, 20×8 Bk\Gj`"7
(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. mzc
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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。 `z )N,fF
以下是未经审计财务报表的部分信息: (%o2jroQ#
(单位:千元) R%
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项目 20×8 20×7 @%lBrM
营业收入 64 000 48 000
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营业成本 54 000 42 000 \Z/)Y;|mi0
净利润 30 -20 ?zJOh^
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20×8年12月31日 20×7年12月31日 SdwS= (e6
存货 16 000 12 000 ^e>Wo7r
流动资产 60 000 50 000 Gkxj?)`
总资产 100 000 90 000 J@ktyd(P
流动负债 20 000 18 000 IMl!,(6;
总负债 30 000 25 000 Iu*^xn
在审计过程中,约翰发现以下事项: \7
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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: P7f,OY<@%o
借:银行存款5 820 000 ]UG*r%9
财务费用 180 000 $Qy7G{XJ[^
贷:应收票据6 000 000
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(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: Z@%HvB7
借:营业外支出 3 000 000 k` (jkbEZ
贷:预计负债 3 000 000 $<|lE/_]
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: j]m|7]
借:预计负债 3 000 000 2kUxD8BcN
贷:银行存款 2 500 000 d4 (/m_HMu
营业外收入 500 000 :BGA.
要求: {Pu\?Cq
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率:
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(a)20×8年存货周转率 @hImk`&[N
(b)20×8年销售毛利率 K[7EOXLy
(c)20×8年总资产净利率 }AvcoD/b
(d)20×8年12月31日的流动比率 5+jf/}tA
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) z]bwnJfd
【答案】 "A)("
(1)应选择营业收入作为计算重要性水平的基础。 ?}Lg)EFH
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =@5x"MOz
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 5 VA(tzmCt
销售毛利率=(64000-54000)/64000×100%=15.63% C}*cx$
.
总资产净利率=30/[(100000+90000)/2]=0.03% &h,5:u
流动比率=60000/20000=3 o(Cey7
(3) =60~UM
a.应建议做如下审计调整分录: 5I@w~z
借:应收票据 6 000 000 \OpoBXh
贷:短期借款 5 820 000 X5*C+ I=2
财务费用 180 000 M8b4NF_&
b.应建议做如下审计调整分录: 92'wkS
借:预计负债 3 000 000 )*d W=r/$V
贷:营业外支出 500 000
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其他应付款 2 500 000 yRYWch