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)。 mfj{_fR3
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: 8'Q+%{?1t
(Expressed in RMB thousands) >V^8<^?G
FINANCLAL STATEMENTS ITEMS q]="ek&_
20×8 Z?eTjkNS#
20×7 4BMu0["6|s
WfO E I1
Sales &>c=/]Lop
64000 :rr<#F
48000 2?ue.1C
NuO@Nr
Cost of sales xQZOGq
54000 (Iv@SiZf(
42000
I;XM4a
?*~
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Net profit l iY/BkpH
30 \*MZ1Q*x
-20 aUMiRm-
:7(fBf5
@>z.chM;
December 31, 20×8 }!K
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December 31, 20×7 4M"'B A<
5i6Ji(
Inventory 3mo<O}}
16000 w_U#z(W3l
12000 .B^tEBGVD
mg*iW55g
Current assets Idu'+O4
60000 "I=Lbh-`
50000 d*u3]&?x&f
IYe[IHny1
Total assets S>5w=RK
100000 }D1?Z7p
90000 "'DPb%o
67/@J)z0%
Current liabilities t,Tq3zB
20000 -qSGa;PJ
18000 l%V+]skS
|3k r*#
Total liabilities .P8m%$'N
30000 E7$ aT^
25000 ~I")-2"B
*=md!^x`
c
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During the audit, John has the following findings: "S@]yL
(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: $m)eO8S+
Dr. Cash in Bank RMB 5820000 0]ai*\,W7~
Dr. Financial Expenses RMB 180000 :tENn
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Cr. Notes Receivable RMB 6000000 aAcQmq TT
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: &x
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Dr. Non-operating Expenses RMB 3000000 "wVisL2+.
Cr. Provisions RMB 3000000 M\ wCZG
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 Z{u]qI{l
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: P=_W{6
Dr. Provisions RMB 3000000 B|syb!g
Cr. Cash in Bank RMB 2500000 F`;q9<NYRW
Cr. Non-operating Income RMB 500000 ?RE"<L
Required: 2x gk$E$ 7
(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. l(MjLXw5
(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: ;qzn_W
(a)Inventory Turnover Rate in 20×8; BD$Lf,_
(b)Gross Profit Ratio in 20×8; pw))9~XU
(c)After Tax Return on Total Assets in 20×8; and v%#@.D!)
(d)Current Ratio as at December 31, 20×8 2UR1T~r
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. >xRUw5jN
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 7iy 2V
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以下是未经审计财务报表的部分信息: ']!wc8m1"
(单位:千元) ^K<!`B
项目 20×8 20×7 (Rs;+S
营业收入 64 000 48 000 t.!?"kP"c
营业成本 54 000 42 000 55b/giX
净利润 30 -20 IM,d6lN6s
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20×8年12月31日 20×7年12月31日 U+
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存货 16 000 12 000 iOAn/[^xk
流动资产 60 000 50 000 aEEb1Y
总资产 100 000 90 000 6R2F,b(_
流动负债 20 000 18 000 ra
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总负债 30 000 25 000 =q[+e(,3
在审计过程中,约翰发现以下事项: A'uubFRL2[
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: _Kli~$c& M
借:银行存款5 820 000 Eb'M< ZY
财务费用 180 000 FrRUAoFO
贷:应收票据6 000 000 y`z?lmV)xM
(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: ^]/V-!j
借:营业外支出 3 000 000 ,7d#t4
贷:预计负债 3 000 000 1n)YCSA
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: Nbf>Y
借:预计负债 3 000 000 WK#c* rsij
贷:银行存款 2 500 000 C
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营业外收入 500 000 ~1Ffu x
要求: G[d]t$f=
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 M?m@o1\;W
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: B90fUK2g
(a)20×8年存货周转率 H.Z<T{y;
(b)20×8年销售毛利率 1Si$Q
(c)20×8年总资产净利率 *\0h^^|@
(d)20×8年12月31日的流动比率 P#:n Xc$
(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) f]Zj"Tt-
【答案】 NwKj@ Jos
(1)应选择营业收入作为计算重要性水平的基础。 nGDY::nUE
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ey:%Zy
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 U@}r?!)"f
销售毛利率=(64000-54000)/64000×100%=15.63% 2/))Y\~
总资产净利率=30/[(100000+90000)/2]=0.03% ,{'ZP_
流动比率=60000/20000=3 i"^ yy+
(3) O^~nf%
a.应建议做如下审计调整分录: Q}^qu6
借:应收票据 6 000 000 +}g6X6m
贷:短期借款 5 820 000 /mn'9=ks
财务费用 180 000 #A~7rH%hi
b.应建议做如下审计调整分录: (F#2z\$;
借:预计负债 3 000 000 ayg^js2,
贷:营业外支出 500 000 gP!k[E,Q8
其他应付款 2 500 000 NiVZ=wEp,