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)。 l#J>It\
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: st1M.}
(Expressed in RMB thousands) XQJV.SVS
FINANCLAL STATEMENTS ITEMS sVZ}nq{
20×8
hE?GO,
20×7 l*V72!Mv
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z
Sales '&o>
%V
64000 u.xA}yVS
48000 F0o18k_"
}~0{1&
Cost of sales Vv*5{_
54000 ES:p^/ =*
42000 5
"Xo R)
nG(|7x
Net profit Q=9VuTE
30 8)Bn?6.
-20 >=RHE@
Lh5+fk~i~8
D-;43>yi<
December 31, 20×8 DQHGq_unP
December 31, 20×7 0^tJX1L
rO2PbF3
Inventory h?O%XnD
16000 v|hKf6
12000 f<xt3
M. UUA?d<'
Current assets @rDv
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60000 8i+jFSZ$
50000 #IciNCIrG
,1 9" [:WN
Total assets ,\">o vV33
100000 J1wGK|F~
90000 :O2v0Kx
F^[Rwzv>c
Current liabilities iOA3x 8J
20000 m$e@<~To
18000 bgx5{!A
d`rDEa
Total liabilities !-Tmu
30000 i_Q4bhVj
25000 P24
Szob_IEq,
6-E4)0\
During the audit, John has the following findings: CX@HG)l
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: X$Qi[=L
Dr. Cash in Bank RMB 5820000 ~s^6Q#Z9|
Dr. Financial Expenses RMB 180000 [_z2z6
Cr. Notes Receivable RMB 6000000 :y)&kJpleP
(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: 6(RqR
Dr. Non-operating Expenses RMB 3000000 $[9V'K
Cr. Provisions RMB 3000000 mm~o%1|WR
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 -
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to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 2LK*Cv[
Dr. Provisions RMB 3000000 kKTED1MW&W
Cr. Cash in Bank RMB 2500000 S}oF7;'Ga
Cr. Non-operating Income RMB 500000 doUqUak
Required: kO O~%|1CP
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. >w'?DV>u|
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: XwqfWd_
(a)Inventory Turnover Rate in 20×8; (:hmp"S
(b)Gross Profit Ratio in 20×8; SX94,5 _Q
(c)After Tax Return on Total Assets in 20×8; and n@8{FoF
(d)Current Ratio as at December 31, 20×8 X\:(8C;+
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. nT6iS}h
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 \y+F!;IxL
以下是未经审计财务报表的部分信息: +=F);;!
(单位:千元) -)c"cgx.
项目 20×8 20×7 o ML
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营业收入 64 000 48 000 TEy.zzt
营业成本 54 000 42 000 5+PBS)pJ]%
净利润 30 -20 m_W.r+s~C4
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20×8年12月31日 20×7年12月31日 "VhrsVT
存货 16 000 12 000 UEb'E;
流动资产 60 000 50 000 sjbC~Te--
总资产 100 000 90 000 i7E7%~S
流动负债 20 000 18 000 k{&E}:A
总负债 30 000 25 000 e(5Px!B
在审计过程中,约翰发现以下事项: <.]& FPJ
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: jT_Tx\k
借:银行存款5 820 000 g{.@|;d<p
财务费用 180 000 E.*OA y
贷:应收票据6 000 000 }Z%{QJ$z
(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: 8J@OMW&[l
借:营业外支出 3 000 000
oEf^o*5(
贷:预计负债 3 000 000 F
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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: Nd!=3W5?
借:预计负债 3 000 000 N>#P
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贷:银行存款 2 500 000 >TVd*S
营业外收入 500 000 Ho*RLVI0U
要求: Fd=`9N9
(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。 6aK2{-+
(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: "PP0PL^5F
(a)20×8年存货周转率 1T^L) %&p_
(b)20×8年销售毛利率 JHOBg{Wg
(c)20×8年总资产净利率 ]t0S_UH$
(d)20×8年12月31日的流动比率 T[II;[EiE
(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) nqW:P$
【答案】 Q ?<9
(1)应选择营业收入作为计算重要性水平的基础。 4E94W,1%,Y
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 icbYfgQ
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Fi}rv[`XY[
销售毛利率=(64000-54000)/64000×100%=15.63% vWga>IGM
总资产净利率=30/[(100000+90000)/2]=0.03% 4B,A+{3yL
流动比率=60000/20000=3 {:j!@w 3
(3) J #5o
a.应建议做如下审计调整分录: "+Yn;9
借:应收票据 6 000 000 Q(Y,p`>
贷:短期借款 5 820 000 lBC-G*#
财务费用 180 000 _
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b.应建议做如下审计调整分录: jiD8|%}v
借:预计负债 3 000 000 ~&jCz4M
贷:营业外支出 500 000 *g}&&$b0
其他应付款 2 500 000 TniKH(w/