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)。 5NFq7&rJ6
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: D_zcOq9
(Expressed in RMB thousands) }D(DU5r
FINANCLAL STATEMENTS ITEMS ,CN#co
20×8 ya;@<b
20×7 9j9YQ2
$]xE$dzJ
Sales 8U8P
g2
64000 .Y
dr[
48000 oXvdR(Sb^
0oXK&Z
Cost of sales 5R&x{jf$
54000 4,o
%e,z
42000 Au~+Zz|mQ
OA\vT${5
Net profit 6oPUYn-
30 V}j%gy`
-20 Zjw!In|vC
EolE?g@l8
S5zpUF=
December 31, 20×8 xn0s`I[
December 31, 20×7 !k4 }v'
=
c8H9_6
Inventory vQ?MM&6
16000 Cij$GYkv
12000 6tDg3`w>
7uWJ6Wk
Current assets ~5x4?2
60000 d<e+__2
50000 z0EjIYI[N
@'6S[zU
Total assets #JHy[!4
100000 IptB.bYc
90000 DKe6?PG
!3O,DhH>MC
Current liabilities ay!6T`U`
20000 s|fCR
18000 ]Om'naD
z36brv<_'p
Total liabilities R
(+h)#![
30000 U^vUdM"
25000 6{Krw\0
3sd{AkD^
m^W*[^p
During the audit, John has the following findings: d m/-}
(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: ,(1vEE[9-
Dr. Cash in Bank RMB 5820000 n23%[#,r
Dr. Financial Expenses RMB 180000 FN{H\W1cf
Cr. Notes Receivable RMB 6000000 [a#?}((
(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: u K+9gTv
Dr. Non-operating Expenses RMB 3000000 B]+7 JB
Cr. Provisions RMB 3000000 nsM>% +o
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 `8$:F4%P
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: )&b}^1
Dr. Provisions RMB 3000000 [XA&&EcU
Cr. Cash in Bank RMB 2500000 Y3 Pz00x
Cr. Non-operating Income RMB 500000 tal>b]B;
Required: Gd]5xl
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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. &etL&s v
(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: j\i;'t}8g
(a)Inventory Turnover Rate in 20×8; (Von;U
(b)Gross Profit Ratio in 20×8; =|j*VF 2y"
(c)After Tax Return on Total Assets in 20×8; and /6i Tq^.%
(d)Current Ratio as at December 31, 20×8 e>ZbZy?
(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. KNO*)\
【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。 E-BOIy,
以下是未经审计财务报表的部分信息: rw40<SS"Z
(单位:千元) 02]8|B(E90
项目 20×8 20×7 bv:0EdVr
营业收入 64 000 48 000 |e
c(z
营业成本 54 000 42 000 T2/v}
净利润 30 -20 S20 nk.x
@M1yBN
20×8年12月31日 20×7年12月31日 ~:ub
存货 16 000 12 000 &"~,V6,q
流动资产 60 000 50 000 2ZTyo7P
总资产 100 000 90 000 8S[<[CH
流动负债 20 000 18 000 82^
z-t{
总负债 30 000 25 000 n;S0fg
在审计过程中,约翰发现以下事项: b7>-aem@I
(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: JWUv H
借:银行存款5 820 000 rS,*s'G
财务费用 180 000 FEm1^X#]
贷:应收票据6 000 000 /jK17}j
(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: wt_?B_nR
借:营业外支出 3 000 000 dcrJ,>i}
贷:预计负债 3 000 000 ^=-*L
3f
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: >ji}j~cH
借:预计负债 3 000 000 i no7!T`
贷:银行存款 2 500 000 z</XnN
营业外收入 500 000 $Nt]${0
要求: K\Y6
cj
(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。 E:dT_
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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: CwH)6uA
(a)20×8年存货周转率 Ue>A
(b)20×8年销售毛利率 lhIr]'?l
(c)20×8年总资产净利率 RJ`/qXL
(d)20×8年12月31日的流动比率 D/
!eov4"
(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) |+$j(YuH
【答案】 fO^EMy\
(1)应选择营业收入作为计算重要性水平的基础。 x9{Sl[2&
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =`7)X\i@z
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 +gD)Yd
销售毛利率=(64000-54000)/64000×100%=15.63% UmP?}Xw6
总资产净利率=30/[(100000+90000)/2]=0.03% &s6(3k
流动比率=60000/20000=3 Is*0?9qU
(3) Vqv2F @.
a.应建议做如下审计调整分录: [<3Q$*Ew
借:应收票据 6 000 000 no\}aTx
贷:短期借款 5 820 000 rTH[?mkf4
财务费用 180 000 NNREt:+kr
b.应建议做如下审计调整分录: tKqCy\-q
借:预计负债 3 000 000 Yf2+@E
贷:营业外支出 500 000 S#%JSQo:
其他应付款 2 500 000 f'zFg["aZS