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)。 Rm}G4Pq
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: p^w_-(p
(Expressed in RMB thousands) F_&H*kL L3
FINANCLAL STATEMENTS ITEMS LfJMSscfv
20×8 xwj{4fzpk{
20×7 +UiJWO
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Sales `O!yt
64000 _p?s[r*
48000 ]TN/n%\
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Cost of sales 3_>=Cv}
54000 $RYOj{1
42000 FD5OO;$
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Net profit \(}pm#O
30 q3`~uTzk
-20 $-.*8*9
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December 31, 20×8
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December 31, 20×7 4 %4Yqx )
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Inventory |E;+j\
16000 1~E;@eK'
12000 -C8LM ls
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Current assets {Es1bO
60000 7X>*B~(R
50000 !3{.
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Total assets W
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100000 AmQsay#I_
90000 {R/e1-;
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Current liabilities Htfq?\ FD
20000 Io tc>!
18000 KUC%Da3
pD
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Total liabilities I:0dz:T7*
30000 xe9
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25000 MHGaf`7ro
c:+UC
phB d+zQc
During the audit, John has the following findings: BU7QK_zT:
(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: 1^ iLs
Dr. Cash in Bank RMB 5820000 /O`R9+;
Dr. Financial Expenses RMB 180000 )<Mo.
Cr. Notes Receivable RMB 6000000 m>?|*a,
(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: ,XI=e=
Dr. Non-operating Expenses RMB 3000000 FC
Cr. Provisions RMB 3000000 L0w2qF
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: )6eFYt%c
Dr. Provisions RMB 3000000 uo*lW2&U
Cr. Cash in Bank RMB 2500000 P@x@5uC2
Cr. Non-operating Income RMB 500000 P.(z)!]
Required: %d<UMbS^
(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. cVYu(ssC4
(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: bJk
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(a)Inventory Turnover Rate in 20×8; y<#Hq1
(b)Gross Profit Ratio in 20×8; (`u+(M!^
(c)After Tax Return on Total Assets in 20×8; and ad52a3deR
(d)Current Ratio as at December 31, 20×8 54/ZGaonz
(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. T
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【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。 "{3MXAFe
以下是未经审计财务报表的部分信息: _Y$v=!fY&
(单位:千元) C;#gy-
项目 20×8 20×7 L(X}37
营业收入 64 000 48 000 b,'rz04^
营业成本 54 000 42 000 [?(qhp!
净利润 30 -20 Bo1 t}#7
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20×8年12月31日 20×7年12月31日 aC<fzUD;
存货 16 000 12 000 8ZJ6~~h
流动资产 60 000 50 000 CK_\K,xVT
总资产 100 000 90 000 :qV|rih_Q
流动负债 20 000 18 000 (a~V<v"
总负债 30 000 25 000 ;&kZ7%
在审计过程中,约翰发现以下事项: r 5+ MjR
(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: tf1Y5P$
借:银行存款5 820 000 *OHjw;xm+
财务费用 180 000 O* )BJOPa
贷:应收票据6 000 000 T+FlN-iy)
(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: l1%*LyD
借:营业外支出 3 000 000 Vg
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贷:预计负债 3 000 000 6;Mv)|FJF
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: +eop4 |Z
借:预计负债 3 000 000 PWfd<Yf!
贷:银行存款 2 500 000 ,S~A]uH'
营业外收入 500 000 mXM U
要求: q^~w:$^U
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 JD AX^]
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: #vViEBVeN
(a)20×8年存货周转率 &
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(b)20×8年销售毛利率 @[n%q.|VB
(c)20×8年总资产净利率 .
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(d)20×8年12月31日的流动比率 zOJzQZ~
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) >R.!Qze\G
【答案】 5"+;}E|q
(1)应选择营业收入作为计算重要性水平的基础。 |Z$)t%'
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 h(^[WSa
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 5p/.(
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销售毛利率=(64000-54000)/64000×100%=15.63% HDz"i
总资产净利率=30/[(100000+90000)/2]=0.03% ;)sC{ "Jb
流动比率=60000/20000=3 2#'"<n,G
(3) 0,iG9D7
a.应建议做如下审计调整分录: :%U
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借:应收票据 6 000 000 Xj:\B] v]
贷:短期借款 5 820 000 Ju.T.)H
财务费用 180 000 C.se/\PE
b.应建议做如下审计调整分录: 59?$9}ob
借:预计负债 3 000 000 I#W J";kqB
贷:营业外支出 500 000 *O-m:M!eA
其他应付款 2 500 000 W=,]#Z+M;