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)。 }}L :6^
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: uL| Wuq
(Expressed in RMB thousands) 6jz6
FINANCLAL STATEMENTS ITEMS L|O[u^
20×8 EY'kIVk
20×7 W
!TnS/O_1
&/o4R:i
Sales cCOw7<
64000 5Us$.p
48000 &5k$v^W5
((OQs.
Cost of sales }t5-%&gBY0
54000 !C ]5_
42000 lsJl+%&8
;\1/4;m
Net profit zM:&`6;e
30 ,
i0Dw"/u
-20 |qe[`x;
%
ePF)wl;m
{"f4oK{
w
December 31, 20×8 !' ;1;k);
December 31, 20×7 'YKyY:eZ
V
,#
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Inventory WTWONO>
16000 MP
a F
12000 <K6gzi0fl
LdAWCBLS
Current assets \.!+'2!m
60000 EL/~c*a/
50000 ?xkw~3Yfi
~O|g~H5;
Total assets zo
h%^8?o
100000 )67pBj
90000 b3j?@31AD
MK1V1F`
Current liabilities M{(g"ha
20000 R*S9[fqC[
18000 3:H[S_q
DT2uUf
Total liabilities 7dxe03h
30000 /sU~cn^D5
25000 C_5o&O8Bc
5f#N$mh
Sm7O%V8{p
During the audit, John has the following findings: Dt#( fuk#
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: v,}Mn7:
Dr. Cash in Bank RMB 5820000 8D]&wBR:
Dr. Financial Expenses RMB 180000 O%Hc%EfG
Cr. Notes Receivable RMB 6000000 =qWcw7!"
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 0R21"]L_M
Dr. Non-operating Expenses RMB 3000000 FGRdA^`
Cr. Provisions RMB 3000000 GMv.G
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 S1vUP5cZ
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 0pfgE=9
Dr. Provisions RMB 3000000 r(qwzUI
Cr. Cash in Bank RMB 2500000 b7uxCH]Z
Cr. Non-operating Income RMB 500000 ]?un'$%e
Required: ZBY*C;[)*P
(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. s*;rt
(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: JKjVrx>
@
(a)Inventory Turnover Rate in 20×8; 59R%g .2Y
(b)Gross Profit Ratio in 20×8; \3bT0^7B
(c)After Tax Return on Total Assets in 20×8; and A
)q=.C#e
(d)Current Ratio as at December 31, 20×8 qpEK36Js
(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. 6 d;_}
【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。 uUIjntSF(
以下是未经审计财务报表的部分信息: ._X|Ye9/
(单位:千元) XI5TVxo(q
项目 20×8 20×7 m=K46i+NE
营业收入 64 000 48 000 ~9We)FvU4
营业成本 54 000 42 000 N{}o*
K
净利润 30 -20 <V
b
SEi
lWyg_YO@
20×8年12月31日 20×7年12月31日 bxc!x>)
存货 16 000 12 000 }VU7wMk
流动资产 60 000 50 000 qx'F9I
总资产 100 000 90 000 eaWK2%v
流动负债 20 000 18 000 hy}n&h
总负债 30 000 25 000 xoB "hNIX
在审计过程中,约翰发现以下事项: :OKU@l|
(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: }i F|NIV
借:银行存款5 820 000 l0&U7gr
财务费用 180 000 A+QOox]<
贷:应收票据6 000 000 KvvG
H-]
(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: =XhxD<kI
借:营业外支出 3 000 000 qX"m"ko
贷:预计负债 3 000 000 qKjUp"
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: Xw'Y
&!z
借:预计负债 3 000 000 $5r1Si)
贷:银行存款 2 500 000 95IR.Qfn!
营业外收入 500 000 P3_&(
要求: )VM'^sV?
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 .a_xQ]eQ
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: +\GuZ5`
(a)20×8年存货周转率 E]gy5y
(b)20×8年销售毛利率 cs-dvpMZ
(c)20×8年总资产净利率 j"4]iI+ {"
(d)20×8年12月31日的流动比率 EJm*L6>@R&
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响)
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【答案】 8eDKN9kq
(1)应选择营业收入作为计算重要性水平的基础。 k:0nj!^4w>
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 3FQXp
)uK Tf=;
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ,AuejMd
销售毛利率=(64000-54000)/64000×100%=15.63% eFz!`a^dX
总资产净利率=30/[(100000+90000)/2]=0.03% [E:-$R
流动比率=60000/20000=3 Sd?+j;/"
(3) QG]*v=Z
a.应建议做如下审计调整分录: omZ
bn
借:应收票据 6 000 000 b l]YPx8
贷:短期借款 5 820 000 Epm%/ {sHV
财务费用 180 000 dx)v`.%V
b.应建议做如下审计调整分录: *<l9d
借:预计负债 3 000 000 m'"Ra-
贷:营业外支出 500 000 G_5E#{u
其他应付款 2 500 000 VCCG_K9'