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)。 D tsZP
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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: M&Uy42,MR
(Expressed in RMB thousands) *$tXm4
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FINANCLAL STATEMENTS ITEMS w_9^YO!!
20×8 (I[_}l
20×7 a:kAo0@":j
[GwAm>k
Sales q!Du
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64000 X8Z?G,[H
48000 Y"Cf84E
%pC<T*f
Cost of sales !FEc:qH
54000 ]z'&oz
42000 b IDUa
d
t/AAk6
Net profit '\:4Ijp<"
30 mG~_*8}e<
-20 =u.@W98, K
k[6J;/
L\:|95Yq
December 31, 20×8 YEL0h0gn
December 31, 20×7 e~r/!B5X
3Cf9'C
Inventory sS D8Sx/
16000 l45/$G7
12000 (lk9](;L
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Current assets +;N]34>S7
60000 Ln"wjO,
50000 _&<n'fK[
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Total assets
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100000 s :vNr@TS
90000 :@A&HkF
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Current liabilities HJL! ;i
20000 *ap,r&]#F
18000 _~kw^!p>Kr
8 Rx@_
Total liabilities 144Y.
30000 FO!Td
25000 z@*E=B1L
J_Lmy7~xbD
Gh;\"Qx
During the audit, John has the following findings: g4K+AK
(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: u]^s2v
Dr. Cash in Bank RMB 5820000 0PzSp ]
Dr. Financial Expenses RMB 180000 lqDCK&g$E#
Cr. Notes Receivable RMB 6000000 1w,_D.1'
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ]so/AdT9hA
Dr. Non-operating Expenses RMB 3000000 S%SYvA
Cr. Provisions RMB 3000000 3efOgP=L
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 uEPp%&D.+
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: u$ts>Q;5
Dr. Provisions RMB 3000000 M/3;-g
Cr. Cash in Bank RMB 2500000 L.n@;*
Cr. Non-operating Income RMB 500000 ?]Yic]$n
Required: <Q[%:LD
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. bnxp[Qk|5
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: m=l>8
(a)Inventory Turnover Rate in 20×8; (tK_(gO
(b)Gross Profit Ratio in 20×8; x :SjdT
(c)After Tax Return on Total Assets in 20×8; and ) CGQ}
(d)Current Ratio as at December 31, 20×8 U2Ve @.
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 7Cz~nin>7
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ym;]3<I?I[
以下是未经审计财务报表的部分信息: corm'AJ/
(单位:千元) d
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项目 20×8 20×7 pdu1 kL
营业收入 64 000 48 000 u[a-9^&g
营业成本 54 000 42 000 /[R=-s ;
净利润 30 -20 TTf
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/s?%ft#-9o
20×8年12月31日 20×7年12月31日 u>XXKlW:
存货 16 000 12 000 `M@ESA(e
流动资产 60 000 50 000 X3:1KDVsV
总资产 100 000 90 000 `?VK(<w0q
流动负债 20 000 18 000 <ZC.9
总负债 30 000 25 000 z#{Y>.b
在审计过程中,约翰发现以下事项: ZCCCuB
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: K1
f1T
借:银行存款5 820 000 Hav &vV
财务费用 180 000 pY&6p~\p
贷:应收票据6 000 000 <spG]Xa<
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: e$
LC
借:营业外支出 3 000 000 :ez76oGyc
贷:预计负债 3 000 000 s_^`t+5
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:
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借:预计负债 3 000 000 5Tn<
贷:银行存款 2 500 000 vJE=H9E
营业外收入 500 000 Ar-Vu{`
要求: ys=2!P-[#
(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。 [Rj4=qq=
(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: {i>AQ+z61f
(a)20×8年存货周转率 HT7,B(.}
(b)20×8年销售毛利率 !t% 1G.
(c)20×8年总资产净利率 6 (rm%c
(d)20×8年12月31日的流动比率 Df"PNUwA"
(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) \`.v8C>vG
【答案】 |
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(1)应选择营业收入作为计算重要性水平的基础。 ~/^fdGr
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 F:zmO5L5
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 0f4 y"9m
销售毛利率=(64000-54000)/64000×100%=15.63% enk`I$Xx
总资产净利率=30/[(100000+90000)/2]=0.03% =svFw&q"
流动比率=60000/20000=3 Wvb ~j
(3) U|wST&rU|
a.应建议做如下审计调整分录: %YVPm*J~
借:应收票据 6 000 000 :k9T`Aa]
贷:短期借款 5 820 000 l!1_~!{y
财务费用 180 000 'IU3Xu[-.
b.应建议做如下审计调整分录: m mF0RNE
借:预计负债 3 000 000 ~n -N
贷:营业外支出 500 000 NSVE3
其他应付款 2 500 000 +S+!:IB