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)。 =}*0-\QG
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: 40/
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(Expressed in RMB thousands) "fI6Cpc
FINANCLAL STATEMENTS ITEMS d5.4l&\u
20×8 68
sB)R
20×7 xwr8`?]y
(?c-iKGc
Sales ]3gSQ7
64000 99S^f:t
48000 :0ep(<|;
eIlva?
Cost of sales ;I*o@x_
54000 T|p"0b A
42000 liZxBs
:%i
q@&6#B
Net profit xmX 4qtAL
30 /mMV{[
-20 K8~d^G
y^k$Us
;,TFr}p`
December 31, 20×8 7"##]m.
December 31, 20×7 nEfK53i_
(ZGbhMK
Inventory U(Zq= M
16000 pI[uUu7O
12000 \lY
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ZoeD:xnh[
Current assets [e
q&C_|D
60000 #QPjkR|\
50000 >7FHo-H/T
2T1q?L?]
Total assets y9
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100000 u!s2BC0}N
90000 ;
KA~Z5x;
%)|s1B'd
Current liabilities GVz6-T~\>
20000 ib
w;}^m(
18000 H.;Q+A,8^
\G BuWY3B
Total liabilities ==B6qX8T
30000 ,I9bNO,%JK
25000 5tnlrqC
fOHxtHM
.d*8C,
During the audit, John has the following findings: \^LFkp
(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: +_`7G^U?%
Dr. Cash in Bank RMB 5820000 i@q&5;%%
Dr. Financial Expenses RMB 180000 wq{hF<
Cr. Notes Receivable RMB 6000000 6LZCgdS{
(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&9Q9T=#
Dr. Non-operating Expenses RMB 3000000
jo7\`#(Q
Cr. Provisions RMB 3000000 o4;(Zi#Z
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ~~.}ah/_d
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: gIfh3 D=yX
Dr. Provisions RMB 3000000 IgzQr >
Cr. Cash in Bank RMB 2500000 FwK]$4*
Cr. Non-operating Income RMB 500000 vI?, 47Hj+
Required: SJLis"8
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. TvM~y\s
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: cl1T8vFM
(a)Inventory Turnover Rate in 20×8; =D(j)<9$A
(b)Gross Profit Ratio in 20×8; xo)P?-
(c)After Tax Return on Total Assets in 20×8; and LD?sh"?b
(d)Current Ratio as at December 31, 20×8 JJnH%Q
(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. )+^+sd
【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。 @W<m4fi
以下是未经审计财务报表的部分信息: VUc%4U{Cti
(单位:千元) T|$H#n}
项目 20×8 20×7 ;a/E42eN;
营业收入 64 000 48 000 `V1]k_h
营业成本 54 000 42 000 x^ni1=kU
净利润 30 -20 y5r4&~04
km(P
o}
20×8年12月31日 20×7年12月31日 s~>}a
存货 16 000 12 000 /FII07V
流动资产 60 000 50 000 FmW(CGs
总资产 100 000 90 000 [^
)g%|W
流动负债 20 000 18 000 ~o(
总负债 30 000 25 000 kM6
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在审计过程中,约翰发现以下事项: 3$tdwe$S
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: v19-./H^
j
借:银行存款5 820 000 3Vwh|1?
财务费用 180 000 (Z*!#}z
`
贷:应收票据6 000 000 H\
% 7%
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: J,hCvm
借:营业外支出 3 000 000 Gt1U!dP
贷:预计负债 3 000 000 R-:2HRaA
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: s7<AfaJPF
借:预计负债 3 000 000 Dv"9qk
贷:银行存款 2 500 000 qM`}{
/i
营业外收入 500 000 [
3Gf2_
要求: 8}[).d160
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 s%S
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Y73C5.dNcE
(a)20×8年存货周转率 [GR;?R5
(b)20×8年销售毛利率 eRYK3W
(c)20×8年总资产净利率 )4OxY[2J
(d)20×8年12月31日的流动比率 ixFi{_
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) @F
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【答案】 eDMO]5}Ht
(1)应选择营业收入作为计算重要性水平的基础。 i. "v4D
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。
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-"`=1l
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 f 2.HF@
销售毛利率=(64000-54000)/64000×100%=15.63% P?\6@_ Z
总资产净利率=30/[(100000+90000)/2]=0.03% n]9$:aLZ
流动比率=60000/20000=3 j^'go&p
(3) 53D]3
a.应建议做如下审计调整分录: x4 yR8n(
借:应收票据 6 000 000 \<' ?8ri#
贷:短期借款 5 820 000 *g%
yRU{N
财务费用 180 000 >j/w@Fj
b.应建议做如下审计调整分录: uYN`:b8
借:预计负债 3 000 000 Q?vlfZR`8
贷:营业外支出 500 000 Wc#24:OKe3
其他应付款 2 500 000 sT)CxOV