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)。 [?]s((A~B
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: ?;}2Z)
(Expressed in RMB thousands) NlWIb2,
FINANCLAL STATEMENTS ITEMS /S P^fB*y
20×8 @XB/9!
20×7 ^bS&[+9E
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Sales &~uzu{
64000 t[0gN:s
48000 n802!d+Tn
r=s2wjk
Cost of sales
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54000 =[vT=sHz7
42000 b+3{ bE
"EhA _ =i
Net profit U%U%a,rA5s
30 R%54!f0
%
-20 8'/vW ~f
"4i(5|whp?
B
ljZ&wZW
December 31, 20×8 r@k&1*&
December 31, 20×7 >5)$Qtz#
XCQ=`3f
Inventory @K2q*d
16000 FRX'"gIR0
12000 42X[Huy]
APy&~`
Current assets W
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60000 xUzfBn
50000 XG_lyx%:E
* UBU?
Total assets =][[TH
100000 \*a7DuVw
90000 ob-z-iDz
BWz*!(
Current liabilities "J7=3$CA
20000 (t fADaJM
18000 I
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,in`JM<o
Total liabilities EXoT$Wt{$
30000 2VtiL^;5
25000 I}$Y[Jve
m03;'Nj'7#
exZa:9 sp
During the audit, John has the following findings: <.+hV4,3
(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)(
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Dr. Cash in Bank RMB 5820000 O-5H7Kd-
Dr. Financial Expenses RMB 180000 SUHyg/|F
Cr. Notes Receivable RMB 6000000 2["bS++?
(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: `A3"*,|z
Dr. Non-operating Expenses RMB 3000000 0ir
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Cr. Provisions RMB 3000000 ( *U Mpdj
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 .@.O*n#K
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: m" .8-
Dr. Provisions RMB 3000000 -7$7TD`'7
Cr. Cash in Bank RMB 2500000 Wyw/imr
Cr. Non-operating Income RMB 500000 ebp18_a|
Required: 8v
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(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. kk
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(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: $5s?m\!jZz
(a)Inventory Turnover Rate in 20×8; +A
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(b)Gross Profit Ratio in 20×8; j[
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(c)After Tax Return on Total Assets in 20×8; and 0a ZplE,
(d)Current Ratio as at December 31, 20×8 3g^_Fq'
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. |ILj}4ZA7
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 -Wb/3X
以下是未经审计财务报表的部分信息: DO8@/W(
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(单位:千元) MXq+aS{
项目 20×8 20×7 OZB(4{vnyC
营业收入 64 000 48 000 Myg
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营业成本 54 000 42 000 `og 3P:y
净利润 30 -20 oZQ%P
pmv;M`_|R
20×8年12月31日 20×7年12月31日 v#8{pr
存货 16 000 12 000
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流动资产 60 000 50 000 iYEhrb
总资产 100 000 90 000 ~jQ|X?tR
流动负债 20 000 18 000 Akb#1Ww4
总负债 30 000 25 000 BRi\&&<4
在审计过程中,约翰发现以下事项: /YKg.DA|
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: i<m 1^a#C'
借:银行存款5 820 000 a;r,*zZ="
财务费用 180 000 [:&4 Tp*C
贷:应收票据6 000 000 /2Y t\=S=
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: jO &sS?
借:营业外支出 3 000 000 |$f.Qs~?
贷:预计负债 3 000 000 96fbMP+7R
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: 9nu!|reS
借:预计负债 3 000 000 #/=s74.b
贷:银行存款 2 500 000 ^7G@CBic"
营业外收入 500 000 Y(h86>z*w
要求: Z@4BTA
(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。 \7n ;c
(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: (J
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(a)20×8年存货周转率 ]+@ @{?0
(b)20×8年销售毛利率 {ZP0%M
D
(c)20×8年总资产净利率 3MPmLV#f
(d)20×8年12月31日的流动比率 0hVw=KDO9:
(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) JPJ&k(P
【答案】 $ @QF<?i~
(1)应选择营业收入作为计算重要性水平的基础。 Ha>Hb`
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 {ss^L
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 "#Qqwsw7
销售毛利率=(64000-54000)/64000×100%=15.63% ,l
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总资产净利率=30/[(100000+90000)/2]=0.03% :08b&myx
流动比率=60000/20000=3 )zzZYs&|
(3) 8vpB(VxV+
a.应建议做如下审计调整分录: OE[
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借:应收票据 6 000 000 %#kml{I
贷:短期借款 5 820 000 us%dw&
财务费用 180 000 MKMWHGN
b.应建议做如下审计调整分录: 0&XdCoIe
借:预计负债 3 000 000 6AD#x7drj
贷:营业外支出 500 000 9f1,E98w_
其他应付款 2 500 000 _
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