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)。 6+LXoR'
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: V=S`%1dLN
(Expressed in RMB thousands) I5 2wTl0
FINANCLAL STATEMENTS ITEMS )6AOP-M.9
20×8 PUlb(3p
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20×7 <F!:dyl
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Sales W]y$6P
64000 gi"v${R
48000 xr6Q5/p1
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Cost of sales eueXklpg+
54000 ,*C^ixNE
42000 33u7
c 9ghR0WM
Net profit
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30 ]=_BK!O
-20 bFflA
,2?C^gxt
-<<!eH
December 31, 20×8 B3yn:=80
December 31, 20×7 _l/6Qpf
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Inventory "#m
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16000 c=|
a \\
12000 +osY
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I
#A`fJ
Current assets
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60000 a~{Stv
50000 S"_vD
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Total assets T]i~GkD\
100000 {+`ep\.$&
90000 ~S=h
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Current liabilities (m,O!935f
20000 $jc>?.6
18000 :Mt/6}
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Total liabilities ''WX
30000 I5D\Z
25000 RP(FV<ot
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During the audit, John has the following findings: RhDa`kV%t
(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: ?pxx,o6l
Dr. Cash in Bank RMB 5820000 dYO87n
Dr. Financial Expenses RMB 180000 9GQTe1[t4
Cr. Notes Receivable RMB 6000000 S@*@*>s^
(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: ,f1+jC
Dr. Non-operating Expenses RMB 3000000 km3-Hp1
Cr. Provisions RMB 3000000 +~[19'GH
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ,Qh4=+jwqn
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: nF//y}
Dr. Provisions RMB 3000000 2<J82(4j
Cr. Cash in Bank RMB 2500000 *'`-plS7
Cr. Non-operating Income RMB 500000 K+GjJ8
Required: CP?\'a"Kt
(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. f.8L<<5 c
(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: /evh .S
(a)Inventory Turnover Rate in 20×8; oF3#]6`;/
(b)Gross Profit Ratio in 20×8; %8$wod6
(c)After Tax Return on Total Assets in 20×8; and E*'O))
(d)Current Ratio as at December 31, 20×8 :r~? Z6gK
(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. R.RCa$
【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。 ~7Jc;y&
以下是未经审计财务报表的部分信息: MZ+"Arzb
(单位:千元) _mO\Nw0
项目 20×8 20×7 D)!k
营业收入 64 000 48 000 u{_T,k<!
营业成本 54 000 42 000 &2c?g1%
净利润 30 -20 cq!>B{
ao,LP,_
20×8年12月31日 20×7年12月31日 zPVA6~|l
存货 16 000 12 000 _]Hn:O"o
流动资产 60 000 50 000 BE m%x0y
总资产 100 000 90 000 #ob">R
流动负债 20 000 18 000 V&f3>#n\
总负债 30 000 25 000 PSy=O\
在审计过程中,约翰发现以下事项: 7aU*7!U
(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:
M,6AD]
借:银行存款5 820 000 HWHGxg['r
财务费用 180 000 )@sz\yI%U
贷:应收票据6 000 000 eH6#'M4+\
(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: 2R1W[,Ga!
借:营业外支出 3 000 000 ",K6zALJ
贷:预计负债 3 000 000 czT$mKj3
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: 0_j! t
借:预计负债 3 000 000 sDwSEg>#B
贷:银行存款 2 500 000 1 8&^k|
营业外收入 500 000 8d>OtDLa
要求: 5^5h%~)}
(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。 apYf,"|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: LS \4y&J40
(a)20×8年存货周转率
aFbA=6
(b)20×8年销售毛利率 MqNp*n2
(c)20×8年总资产净利率 $60+}B`m
(d)20×8年12月31日的流动比率 {j(,Q qB;f
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) S[%86(,*gP
【答案】 3_D$
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(1)应选择营业收入作为计算重要性水平的基础。 :|d3BuY
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 T{ojla(
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 &yP9vp="
销售毛利率=(64000-54000)/64000×100%=15.63% \?}ZXKuJj
总资产净利率=30/[(100000+90000)/2]=0.03% DsP+#PX
流动比率=60000/20000=3 #kxg|G[Ol
(3) <vPIC G)
a.应建议做如下审计调整分录: Ddu$49{S:
借:应收票据 6 000 000 _E
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贷:短期借款 5 820 000 ~Ipl'cE
财务费用 180 000 xvW+;3;
b.应建议做如下审计调整分录: jF'S"_/?
借:预计负债 3 000 000 [jY_
e`S
贷:营业外支出 500 000 $A ( #^&
其他应付款 2 500 000 _jr%s