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)。 k),.
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: =%V(n{7=
(Expressed in RMB thousands) NJraol
FINANCLAL STATEMENTS ITEMS 0?
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20×8 F"Y.'my8
20×7 <) \
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Sales 8/dx)*JCq
64000 !nkjp[p
48000 5u-jjUO
S @MO
Cost of sales g",htYoEnj
54000 xMu[#\Vc
42000 XNJPf) T
iFy_D
Net profit .`3O4]N[
30 VgO:`bDF
-20 ub/9T-#l
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December 31, 20×8 af<R.
December 31, 20×7 j!:^+F/
0qj:v"~
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Inventory Ej]:j8^W
16000 RHc-kggk!
12000 * Jy'3o
Io81zA
Current assets ?2#MU
60000 U- UD27
50000 ;5bzXW#U
8(Ab
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Total assets Hq*\,`b&
100000 \qAg]-
90000 NM;0@ o
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Current liabilities *?a rEYc8
20000 j[Y$)HF
18000 ,X05&'@Z
ebSG|F
Total liabilities #MyR:V*a
30000 Mbua!m(0
25000 1yS[;
0'IV"eH2
G'5
p /:
During the audit, John has the following findings: 2|KgRk|!
(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: NT6OGBl&
Dr. Cash in Bank RMB 5820000 Cz%tk}2
Dr. Financial Expenses RMB 180000 Sd!!1as
Cr. Notes Receivable RMB 6000000 [zO:[i 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: Stkyz:,(
Dr. Non-operating Expenses RMB 3000000 R; wq
Cr. Provisions RMB 3000000 8T7E.guYr
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 5v f?E"\r
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: L"|~,SVF
Dr. Provisions RMB 3000000 'Olp2g8=
Cr. Cash in Bank RMB 2500000 \{Hb
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Cr. Non-operating Income RMB 500000 zq=X;}qYj
Required: kPm{ tc
(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. 6V"|
(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: #E?T E
(a)Inventory Turnover Rate in 20×8; )AxgKBW
(b)Gross Profit Ratio in 20×8; aL9yNj}2
(c)After Tax Return on Total Assets in 20×8; and v-k~Q$7~
(d)Current Ratio as at December 31, 20×8 []'gIF
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. -bN;nSgb
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 L9| 55z
以下是未经审计财务报表的部分信息: CWP),]#n
(单位:千元) Tq\S-K}4!
项目 20×8 20×7 |,3>A@
营业收入 64 000 48 000 </UUvMf"
营业成本 54 000 42 000 |\?mX=a.y
净利润 30 -20 _6b?3[Xz
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20×8年12月31日 20×7年12月31日 tl 0_Sd
存货 16 000 12 000 Q]9+-p(=
流动资产 60 000 50 000 Vq'\`$_
总资产 100 000 90 000 4GA9oLl
流动负债 20 000 18 000 JnWG_|m)
总负债 30 000 25 000 5s=ZA*(sY
在审计过程中,约翰发现以下事项: 81gcM?
(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: gRnn}LL^
借:银行存款5 820 000 fgiOYvIS2m
财务费用 180 000 i++a^f
贷:应收票据6 000 000 {:D8@jb[
(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: ,buSU~c_Q
借:营业外支出 3 000 000 3pxZk%
贷:预计负债 3 000 000 7$;#-
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20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: z n,y'},
借:预计负债 3 000 000 m#}41<
贷:银行存款 2 500 000 +3a}~p W
营业外收入 500 000 'qL:7
要求: !cLdoX
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 :y/1Jf'2f
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Q[j'FtP%
(a)20×8年存货周转率 Mnu8d:$
(b)20×8年销售毛利率 `D44I;e^1;
(c)20×8年总资产净利率 1V\tKDM
(d)20×8年12月31日的流动比率 BBV"nm_(/
(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) ;Y6XX_
【答案】 ''bh{
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(1)应选择营业收入作为计算重要性水平的基础。 wzXIEWJ
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 }M
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 L}~"R/iWCT
销售毛利率=(64000-54000)/64000×100%=15.63% o1kT
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总资产净利率=30/[(100000+90000)/2]=0.03% 7U9*-9
流动比率=60000/20000=3 CIxa" MW
(3) S!Alno
a.应建议做如下审计调整分录: ^(j}'p,
借:应收票据 6 000 000 x7<2K(
贷:短期借款 5 820 000 VjI=5)+~
财务费用 180 000 j*.K|77WHj
b.应建议做如下审计调整分录: YiO3.+H
借:预计负债 3 000 000 $U_M|
Xa
贷:营业外支出 500 000 D*%? 0
其他应付款 2 500 000 yt'P,m