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)。 8|-mzb&
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: I }W-5%
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS Q"K >ML>0
20×8 8$jT#\_
20×7 uA/.4 b
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Sales ;R|#ae@
64000 !wb~A0m
48000 t>h
i$NX{p
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Cost of sales =&*QT&e
54000 (#l_YI
-
42000 ;
# ?0#):-
n\ ',F
Net profit 46?F+,Rzl
30 {7~ $$AR(
-20 U!I_i*:U
Q3O .<9S
SnF[mN'
December 31, 20×8 674oL,
December 31, 20×7 z9kX`M+
B[_b J
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Inventory |e[0Qo@
16000
0S
5C7df
12000 u+gXBU
\/4%[Q2QDm
Current assets ,JB
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60000 ^FMa8;'o
50000 NUnc"@
P$qkb|D,
Total assets Qu>zO !x
100000 aE cg_es
90000 ~$ qJw?r
GuY5 %wr
Current liabilities DMxS-hl
20000 ~S_IU">E
18000 (*WZsfk>/<
`"b7y(M
Total liabilities Z
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30000 ~q|e];tA
25000 q.b4m 'J
-GWzMBS S
GGL4<P7
During the audit, John has the following findings: C<@1H>S4_
(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:
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Dr. Cash in Bank RMB 5820000 1Da [!^u,D
Dr. Financial Expenses RMB 180000 ,p`bWm
Cr. Notes Receivable RMB 6000000 SF7b1jr
(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: zUtf&Ih
Dr. Non-operating Expenses RMB 3000000 m'"VuH?^
Cr. Provisions RMB 3000000
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ;AB ,:*
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: "/Q(UV<d
Dr. Provisions RMB 3000000 bnY8.Lpf|
Cr. Cash in Bank RMB 2500000 fX$4TPy(h
Cr. Non-operating Income RMB 500000 (Dh;=xG
Required: x&/Syb
(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=O>\
(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: X6*y/KGN
(a)Inventory Turnover Rate in 20×8; 14YV#o:
(b)Gross Profit Ratio in 20×8; $#JVI:
(c)After Tax Return on Total Assets in 20×8; and Hg_
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(d)Current Ratio as at December 31, 20×8 PyxN _agf
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. ~(L +4]
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 SWO!E
以下是未经审计财务报表的部分信息: L=wFo^N
(单位:千元) m1o65FsY08
项目 20×8 20×7 >8;%F<o2
营业收入 64 000 48 000 \lIHC{V\
营业成本 54 000 42 000 V+~{a:8[pq
净利润 30 -20 8PjhvU
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20×8年12月31日 20×7年12月31日 /D]r"-
存货 16 000 12 000 ]sP9!hup
流动资产 60 000 50 000 5N+(Gv[`"
总资产 100 000 90 000 xWb?i6)z&
流动负债 20 000 18 000 WM
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总负债 30 000 25 000 \bA'Furp
在审计过程中,约翰发现以下事项: \0T*msYQ
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: poFjhq
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借:银行存款5 820 000 JU1; /3(
财务费用 180 000 1gej$G@
贷:应收票据6 000 000 (Ha}xwA~(
(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: -vfu0XI~
借:营业外支出 3 000 000 w/W?/1P>q
贷:预计负债 3 000 000 p)&\>
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: uOqDJM'RM
借:预计负债 3 000 000 3Cu
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贷:银行存款 2 500 000 3
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营业外收入 500 000 XXmu|h
要求: 6-}e-H
(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。 t
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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: [y;ZbfMP|o
(a)20×8年存货周转率 Ki;5 =)
(b)20×8年销售毛利率 tS|zf,7
(c)20×8年总资产净利率 Tm.w+@
(d)20×8年12月31日的流动比率 6;XpLivP7
(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) > 0)`uJ
【答案】 d6
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(1)应选择营业收入作为计算重要性水平的基础。 UzHhU*nW
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 #f;1f8yrN
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 <[l}^`IC^4
销售毛利率=(64000-54000)/64000×100%=15.63% *
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总资产净利率=30/[(100000+90000)/2]=0.03% TiEJyd`P
流动比率=60000/20000=3 [z@Rg
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(3) h,?Yw+#o"
a.应建议做如下审计调整分录: luog_;{h+
借:应收票据 6 000 000 Cs=i9.-A
贷:短期借款 5 820 000 N ] /d
财务费用 180 000 }mZ*f y0t
b.应建议做如下审计调整分录: xi=uXxl
借:预计负债 3 000 000 Yx c >+mx
贷:营业外支出 500 000 pR>QIZq<gT
其他应付款 2 500 000 [N+ruc?)