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)。 $TG?4
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: n33kb
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(Expressed in RMB thousands) #`/QOTnm2c
FINANCLAL STATEMENTS ITEMS 0BTLcEqgZ
20×8 ^M
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20×7 |}S1o0v{(a
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Sales /iC_!n u
64000 ')o0O9/;
48000 P s#>y&
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Cost of sales 8H
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54000 CC8k&u,
42000 x9V {R9_gf
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Net profit OM!=ViN(=
30 N@1p]\
-20 gdi`x|0
?q X
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Tf-CEHWD
December 31, 20×8 +qkMQETV6
December 31, 20×7 5"=:#zN
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Inventory PDC]wZd/
16000 zj20;5o>U&
12000 <t}? $1
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Current assets T[2}p=<%
60000 4/MNqit+
50000 M#M?1(O/NE
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Total assets 7/>a:02
100000 )N)ljA3]
90000 ~B_ D@gV|
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Current liabilities MsjnRX:c3u
20000 )w"0w(
18000 9}
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Total liabilities \"d?=uFe
30000 9#@Zz4Ww
25000 8p=>?wG
0Hcbkep9D
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During the audit, John has the following findings: -,GEv%6c
(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: ( V4G<-jG
Dr. Cash in Bank RMB 5820000 }1>atgq]w
Dr. Financial Expenses RMB 180000 e&3#2_
Cr. Notes Receivable RMB 6000000 p@tp]u`7
(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: F<r4CHfh;
Dr. Non-operating Expenses RMB 3000000 0<&M?^
Cr. Provisions RMB 3000000 k/#>S*Ne
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ou6j*eSN
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: 6V;:+"BkJ
Dr. Provisions RMB 3000000 },PBqWe
Cr. Cash in Bank RMB 2500000 }ywi"k4>
Cr. Non-operating Income RMB 500000 r}EM4\r
Required: ZQ[~*)
(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. hW%p#g;
(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: 'v`_Ii|-
(a)Inventory Turnover Rate in 20×8; F^rl$#pCS
(b)Gross Profit Ratio in 20×8; /=ylQn3
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(c)After Tax Return on Total Assets in 20×8; and Wk[)+\WQ?
(d)Current Ratio as at December 31, 20×8 Wz{%"o
(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. bi,mM,N/
【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。 F+*Q <a4
以下是未经审计财务报表的部分信息: :t>Q:mX(N
(单位:千元) MPvWCPB
项目 20×8 20×7 h5!d
营业收入 64 000 48 000 -eL'KO5'
营业成本 54 000 42 000 JS7dsO0;
净利润 30 -20 &<h?''nCy
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20×8年12月31日 20×7年12月31日 /"MJkM.~E
存货 16 000 12 000 C1 {ZW~"YI
流动资产 60 000 50 000 T} 8CfG_j
总资产 100 000 90 000 S'@=3)
流动负债 20 000 18 000 DMMLzS0A
总负债 30 000 25 000 b~as64
在审计过程中,约翰发现以下事项: STB-
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(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: wlVvxX3%
借:银行存款5 820 000
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财务费用 180 000 ysVi3eq
贷:应收票据6 000 000 \HG$V>2
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Omb.53+
借:营业外支出 3 000 000 (}0S1)7t
贷:预计负债 3 000 000
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20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: fq(5Lfe}
借:预计负债 3 000 000 o^PuhVu
贷:银行存款 2 500 000 f".q9{+p,
营业外收入 500 000 n?Z f/T
要求: yoW>
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 WRM$DA
(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: !x_t`78T
(a)20×8年存货周转率 8m7;x/0ld
(b)20×8年销售毛利率 Y^3)!>
(c)20×8年总资产净利率 4d-q!lR pa
(d)20×8年12月31日的流动比率 yjd(UWE
(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) $WClpvVj
【答案】 H ;wR
(1)应选择营业收入作为计算重要性水平的基础。 ~oFh>9u
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 QQ~23TlA
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Nm"<!a<F
销售毛利率=(64000-54000)/64000×100%=15.63% sDAK\#z
总资产净利率=30/[(100000+90000)/2]=0.03% Gc^t%Ue-H)
流动比率=60000/20000=3 @T/q d>T o
(3) to51hjV
a.应建议做如下审计调整分录: [D hEh@
借:应收票据 6 000 000 ifHU|0_=
贷:短期借款 5 820 000 g8v[)o(qd
财务费用 180 000 raF]
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b.应建议做如下审计调整分录: AZBC P
借:预计负债 3 000 000 GoL|iNW`
贷:营业外支出 500 000 U1kh-8
:
其他应付款 2 500 000 D&f!( n