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)。 Bj=lUn`T:
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: =JkPE2mU
(Expressed in RMB thousands) ag_*Z\
FINANCLAL STATEMENTS ITEMS \aN*x
20×8 43VBx<"
20×7 w4nU86oZYl
X[ 6#J
Sales "t.Jv%0=
64000 rD\)ndPv
48000 &<=?O
a
o7r7HmA@
Cost of sales &E]<dmR
54000 V&h{a8xa$
42000 0h=}BCb+i
b8
^O"oDrp
Net profit aw923wEi
30 0"F|)
-20 S
4_C8
H|
IG"JB
"5!T-Z+F
December 31, 20×8 7DKTd^^M
December 31, 20×7 Ud_7>P$a
9Q.@RO$%C
Inventory ;e"dxAUe!^
16000 ]vflx^<?
12000 *)(S}D\94
-U{CWn3G
Current assets 4
Aj<k
60000 ,Y4>$:#n/
50000 {E;oirv&
*x &
Total assets hh-a+]
c0
100000 L>Y3t1=
90000 GGs7]mhA
l$&dTI<#
Current liabilities l*$~Y0
20000 aXyFpGdb9
18000 Zsn@O2
nWes,K6T
Total liabilities WfXwI
'y
30000 @__m>8wn
25000 vdcPpj^d5
{4$aA*
;:,U]@
During the audit, John has the following findings: 0j!xv(1
(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: Bp_8PjQ
Dr. Cash in Bank RMB 5820000 ?
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Dr. Financial Expenses RMB 180000 RW
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Cr. Notes Receivable RMB 6000000 VRZqY7j}g
(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: =)s~t|@v
Dr. Non-operating Expenses RMB 3000000
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Cr. Provisions RMB 3000000 zM(-f|wVI)
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 y`i?Qo3
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: :}R,a=N
Dr. Provisions RMB 3000000 m5o$Dus+?'
Cr. Cash in Bank RMB 2500000 /9A6"Z
Cr. Non-operating Income RMB 500000 [4hi/60
Required: s f.z(o
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. ?iZM.$![
(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: !|l7b2NEz-
(a)Inventory Turnover Rate in 20×8; T/.U Mw
(b)Gross Profit Ratio in 20×8; w!pj);jy{
(c)After Tax Return on Total Assets in 20×8; and ucJ}KMz
(d)Current Ratio as at December 31, 20×8 }U(bMo@;
(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. g=KvCqJN
【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。 lGt:.p{NG
以下是未经审计财务报表的部分信息: 01&@8z'E
(单位:千元) 1G6 \}El95
项目 20×8 20×7 |~ytAyw
营业收入 64 000 48 000 ORM3oucP
营业成本 54 000 42 000 |@~_&g
净利润 30 -20 +\*b?x
}Q*J!OH
20×8年12月31日 20×7年12月31日 ZXN`8!]&
存货 16 000 12 000 %JH/|mA&|
流动资产 60 000 50 000 X`3_ yeQc
总资产 100 000 90 000 E+ |K3EJ
流动负债 20 000 18 000 V c;g$Xr[
总负债 30 000 25 000 lQiw8qD
在审计过程中,约翰发现以下事项: I o"3wL)2
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: <CB%e!~.9
借:银行存款5 820 000 Ir-QD!!<
财务费用 180 000 *p=enflU
贷:应收票据6 000 000 gKcBx6G
Q
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: J[0 5T1
借:营业外支出 3 000 000 ;5.<M<PH
贷:预计负债 3 000 000 /CH]'u^j
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: op/_:#&'
借:预计负债 3 000 000 9Zj3 "v+b
贷:银行存款 2 500 000 71>,tq
营业外收入 500 000 h-|IZ}F7
要求: vQp'bRR
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 3~7!=s\v
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: :iLRCK3C
(a)20×8年存货周转率 _VRxI4q
(b)20×8年销售毛利率 nW^h
+
(c)20×8年总资产净利率 {* :^K\-
(d)20×8年12月31日的流动比率 oc]:Ty
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Dkb`_HI
【答案】 O9zMD8
(1)应选择营业收入作为计算重要性水平的基础。 !*L)v
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 n$XEazUb0N
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 t#@z_Mn\
销售毛利率=(64000-54000)/64000×100%=15.63% ,Jh#$mil
总资产净利率=30/[(100000+90000)/2]=0.03% 6Q\|8a
流动比率=60000/20000=3 gOe!GnO
(3) J}[[tl
a.应建议做如下审计调整分录: pW@W-k:u
借:应收票据 6 000 000 NtM ?Jh
贷:短期借款 5 820 000 kX+9U"`
C
财务费用 180 000 |1tpXpe
b.应建议做如下审计调整分录: Y#Q!mbp
借:预计负债 3 000 000
RD"-(T
贷:营业外支出 500 000 =Gu&0f
其他应付款 2 500 000 Xp9I3nd|