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)。 `j<tI6[e
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: *vO'Z &
(Expressed in RMB thousands) wf@2&vJ
FINANCLAL STATEMENTS ITEMS g[jZ A[[
20×8 /_a *C.a6
20×7 e`Yns$x
JAz;_wS(k
Sales feW9>f;
64000 M<srJ8|'
48000 NGY I%:
ksaC[G;}:
Cost of sales RHbp:Mlk
54000 \veL 5
42000 @#tSx
y)E2=JQA/
Net profit iIw
ea`
30 (Qm;]?/
-20 m6cW
+3>4 ?,^g
]c2| m}I{:
December 31, 20×8 ~`E4E
December 31, 20×7 ;#i$0~lRl
<Y2!c,"
Inventory Vgn1I(Gj 4
16000 1W[(+TZ&s
12000 >2
qP
LeyDs>!0
Current assets ,-Nk-g
60000 Y7)@(7G)\
50000 6{X>9hD
hob$eWgr
Total assets !VZj!\I
100000 |=T<WU1$
90000 *KH@u
hY 2PV7"[;
Current liabilities ~(/HgFLLu
20000 s*~o%emw
18000 G9inNz*Cx
5z ^UQq
Total liabilities +yH~G9u(
30000 QJM!Wx+
25000 .boizW1+
[B @j@&
am+mXb
During the audit, John has the following findings: a[g|APZz
(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: !gHWYWu)!
Dr. Cash in Bank RMB 5820000 WUS9zK
Dr. Financial Expenses RMB 180000 u/'sdt
Cr. Notes Receivable RMB 6000000 i%4k5[f.:
(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: wP0+Xv,
Dr. Non-operating Expenses RMB 3000000 "|*Kf#
Cr. Provisions RMB 3000000 /+`<X%^U
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 (x0
*(*A}
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: `j}d=zZ
Dr. Provisions RMB 3000000 otD?J= B
Cr. Cash in Bank RMB 2500000 zN)\2
Cr. Non-operating Income RMB 500000 p3FnYz-V
Required: bK8F |
(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. @[lc0_b
(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: {FY[|:Cp
(a)Inventory Turnover Rate in 20×8; ?}v% JUcs
(b)Gross Profit Ratio in 20×8; */y]!<\v!k
(c)After Tax Return on Total Assets in 20×8; and '#PqI)P
(d)Current Ratio as at December 31, 20×8 YQdX>k
(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. WAXts]=
【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。 hUvuq,LH_
以下是未经审计财务报表的部分信息: M03i4R@h(
(单位:千元) ZNpExfGEU
项目 20×8 20×7 A{x
7
营业收入 64 000 48 000 g^ $11
营业成本 54 000 42 000 OrEuQ-,i@
净利润 30 -20 RrdtU7i
3
D *I;|.=u
20×8年12月31日 20×7年12月31日 zZ"U9!T
存货 16 000 12 000 F*JvpI[7n
流动资产 60 000 50 000 A
a} o*
总资产 100 000 90 000 _<RR`
流动负债 20 000 18 000 w1@b5
-
总负债 30 000 25 000 S50x0$%<W
在审计过程中,约翰发现以下事项: /dJ)TW(Ir
(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: Dnm.!L8
借:银行存款5 820 000 fCf#zV[
财务费用 180 000 oA;Ty7s
贷:应收票据6 000 000 795Jwv
(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: X0Z-1bs
借:营业外支出 3 000 000 O0wCb
贷:预计负债 3 000 000 v;]I^Kq
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: B5,QJ W*
借:预计负债 3 000 000 !H|82:`t+
贷:银行存款 2 500 000 YG 5Z8@kH
营业外收入 500 000 ;[KriW
要求: Z\
=04[
(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。 Wd`
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(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: SAG`^t
(a)20×8年存货周转率 p=_XMh`;
(b)20×8年销售毛利率 ezr\T
(c)20×8年总资产净利率 EhIV(q9x
(d)20×8年12月31日的流动比率 u2-@?yt
(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) S`@6c$y k
【答案】 yI.}3y{^5
(1)应选择营业收入作为计算重要性水平的基础。 GtM(
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。 v=.z|QD^1
}x?H ~QQT
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 g7 Md
销售毛利率=(64000-54000)/64000×100%=15.63% ?l,
X!o6
总资产净利率=30/[(100000+90000)/2]=0.03% I51oG:6fR?
流动比率=60000/20000=3 !<=%;+
(3) ?
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a.应建议做如下审计调整分录: rI<nUy P?
借:应收票据 6 000 000 d]7|v
r]
贷:短期借款 5 820 000 3cCK"kr
财务费用 180 000 833%H`jQc
b.应建议做如下审计调整分录: C](z#c~c
借:预计负债 3 000 000 ^s2m\Q(
贷:营业外支出 500 000 Q\27\2
其他应付款 2 500 000 Ac[|MBaF