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)。 O6Bs!0,
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: B
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(Expressed in RMB thousands) +a
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FINANCLAL STATEMENTS ITEMS eznt "Rr2
20×8 &v|Uy}h&%1
20×7 L;zwqdI
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Sales
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64000 iSu7K&X9q
48000 Qb<
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Cost of sales >
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54000 eqbQ,, &
42000 zWKnkIit,
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Net profit ST$~l7p
30 $U%M]_
-20 u(l[~r>8W;
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December 31, 20×8 |{W4JFKJ
December 31, 20×7 `i5U&K. 7
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Inventory >KHR;W 03
16000 ws8@yr<R
12000 O
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Current assets xIu#
60000 ta"uxL\gge
50000 <=.0
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Total assets ]v^/c~"${
100000 gGF]Dq
90000 &*2\1;1tB
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Current liabilities kFKc9}7W
20000 ?;84 M@
18000 $A~UA
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Total liabilities xz2U?)m;x
30000 ^b|Z<oF
25000 Z]
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During the audit, John has the following findings: {UqS q
(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: "XPBNv\>_
Dr. Cash in Bank RMB 5820000 X&C&D
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Dr. Financial Expenses RMB 180000 (Z:(f~;
Cr. Notes Receivable RMB 6000000 :
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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: k=;>*:D%
Dr. Non-operating Expenses RMB 3000000 @1+C*
Cr. Provisions RMB 3000000 ;R[ xo!
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 @z
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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: \8j5b+
Dr. Provisions RMB 3000000 FY;\1bt<<
Cr. Cash in Bank RMB 2500000 =5:L#` .
Cr. Non-operating Income RMB 500000 @ig'CF%(
Required:
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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. ?%RAX CK
(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: GJZGHUB=>
(a)Inventory Turnover Rate in 20×8; /$NDH]a
(b)Gross Profit Ratio in 20×8; Mdk(FG(
(c)After Tax Return on Total Assets in 20×8; and %8c
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(d)Current Ratio as at December 31, 20×8 758`lfz=_
(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. K:!){a[
【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。 ]U[y3
以下是未经审计财务报表的部分信息: W,sU5sjA
(单位:千元) s|er+-'
项目 20×8 20×7 BR&T,x/d
营业收入 64 000 48 000 ^RL#(O
营业成本 54 000 42 000 SCwAAE9s]
净利润 30 -20 `O~NT'Ed8
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20×8年12月31日 20×7年12月31日 2_S%vA<L
存货 16 000 12 000 H CBZ*Z-
流动资产 60 000 50 000 eKRslMa
总资产 100 000 90 000 `
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流动负债 20 000 18 000 ~nit~;
总负债 30 000 25 000 Yz<,`w5/6~
在审计过程中,约翰发现以下事项: ?yAp&Ad
(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: 'Cki"4%<
借:银行存款5 820 000 j@chSk"K
财务费用 180 000 JFOto,6L:
贷:应收票据6 000 000 g%C!)UbT
(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: $'Pn(eZHGv
借:营业外支出 3 000 000 ^b{ -y
贷:预计负债 3 000 000 oZM6%
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20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: @|I:A
借:预计负债 3 000 000 m(2(Caz{
贷:银行存款 2 500 000 !-G'8a|7
营业外收入 500 000 PK&3nXF%4
要求: 1zo0/<dk
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 cb36 ~{
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: .&z/p3 1
(a)20×8年存货周转率 M't~/&D#
(b)20×8年销售毛利率 +f5|qbX/\
(c)20×8年总资产净利率 J#k3iE
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(d)20×8年12月31日的流动比率 woSO4e/
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Iw07P2
【答案】 cZ8lRVaWW
(1)应选择营业收入作为计算重要性水平的基础。 8PN/*Sa
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 A%Ov.~&\G
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ^Rel-=Z$B
销售毛利率=(64000-54000)/64000×100%=15.63% P<.
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总资产净利率=30/[(100000+90000)/2]=0.03% Vgh;w-a
流动比率=60000/20000=3 OO7
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(3) 'A^ ;P]y
a.应建议做如下审计调整分录: 25bbuhss
借:应收票据 6 000 000 -
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贷:短期借款 5 820 000 G,jv Mb`+
财务费用 180 000 [{s 1=c
b.应建议做如下审计调整分录: BIu%A]e"
借:预计负债 3 000 000 ]mf
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贷:营业外支出 500 000 7z.(pg=
其他应付款 2 500 000 cImOZx